updata...no not printing the current signal.but they do plot vertical counts automatically.you can also scan for custom p/f formations.they charge $75 a month.you provide youre own data source. currently,data can be input from barchart,interactive brokers,iq feed and esignal,also mytrack bullseye do give the signal,when you hover over the chart
Very interesting. So if I wanted to scan for the exact pattern attached to my first post, that would be possible using updata? By "custom", you truly mean custom and not just some modification of a predefined pattern? Does updata have any type of interface with order execution? Thanks!
not sure about order execution.you mean interactive brokers.? the p/f scan is good.you just input the pattern you want to look for.this is done by cllicking on "x" and "o" to form the pattern.then input the box size and reversal.it will also do the standard patterns also. you can also scan for p/f relative strength patterns.ie p/f pattern on rs charts
Dear HolyGrail, It has been 2 years after you started this thread, I started following this thread since last August, but I am still still following it. I have read it over a couple of times. In the mean time I have also read the book from Jeremy du Plessis about PnF and I have also experimented with PnF in the real world and I really like it! As a trader you learn each day a lot of new things and you improve as a trader and you keep on saying "if I would know than what I would know now..." so I was wondering what have you learned in the two years since you started this thread (if you are willing to share)? I guess you have seen a lot of new insights? And doâs and donâts regarding to PnF . I hope I am not asking things you would not like to speak about or offending you, I am just an interesting guy trying to learn, and who has made all trading mistakes possible during the learning process to get an edge on the markets. You said that you were profitable for just 5 months when you started, have you stayed profitable since? How are you using PnF nowadays in your trading strategy, are you trying to get the big trends or do you try to make your money by trading just a few patterns you like? Are you using more tools / methods together with PnF charts to have a good edge on the markets (e.g. Price action)? If you are using more methods could you point into a direction of research that would also be interested to dive into as PnF was really an eye opener! To be honest, I used PnF charts for years, I once read a book where they ONLY pointed out how to calculate vertical price targets and that together with watching where a lot of tops and bottoms in the PnF charts where to see places of strong resistance and support. Those two things I then used in the normal candle charts. So a whole new world opened for me after reading this thread and the book of Du Plessis, thanks for that! BTW. Maybe other PnF Gurus would be willing to give their vision on those questions also?
As you may or may not know, I posted that I stopped day-trading due to my business. I sold my business in January of this year, and I am officially retired. We rebuilt our beach house after the total loss from hurricane Ike. I am in the process of selling my house in Houston, and we are living at the beach When I decided to concentrate on my business, and not trading, I went into swing trading mode which I am currently doing. I may go back into futures trading, but at this moment my plate is full getting my life in some kind of order. I'm also having problems with getting DSL here, so I am using an aircard which might be a good emergency device, but certainly not good enough for standard day trading. There are three patterns I trade exclusively. Triangle breakouts, catapults, and triple tops. I do not trade any of these patterns if it is against the prevailing trend. To lower my risk I decided to find the above patterns with the normal reversal box size, but I then look at 1/2 the box size to see if I can find a reversal area that can get me out of the stock sooner than the normal box size. This does produce some whipsaws, but it does give me indications of a stock losing it's strength much more quickly. I never trade any stock unless the relative strength is also heading in the same direction as the price. As long as the bullish percent indicators are in the same direction as my stocks I will stay with the stock until it reaches my target. My target is very rarely the same target as determined by standard pnf price targets. I normally have a target to the next area of resistance. That's it. Very simple, yet effective.
I went to this site / events but when I clicked on the link to the presentation it wasn't there. I would love to see it ! Any suggestions? thanks