Learning to read Price Action with P&F Charting

Discussion in 'Strategy Building' started by HolyGrail, Mar 22, 2008.

  1. Hey what sites offer the p&f charts? I don't believe my broker offers them
     
    #2041     Jul 8, 2012
  2. TTTrrr

    TTTrrr


    You play along the lines of support and resistance. But you do it on hard data than the day. I told you two years ago, and that Bebe is not true test draws a reversal, if it does not give the daily data. If you are in a soft Bebe daily data is not inserted, and he draws rpavelno turn, the support and resistance lines you obtained is not correct.
    I have corresponded on this matter with the developer and that's what he told me.
    ------------------
    Hi,

    OK, good.

    Next version will for sure have better intraday capabilities also real
    time (also with free data). I will send to you as soon as we have anything
    that can be tested.



    > Hi !
    >
    > I just checked. Yes. Your Soft did everything correctly, when I corrected
    > the date. Bad that your soft differently draw P&F, depending on the date.
    > It
    > should not be ever.
    > But fix everything to be correctly.
    > Tnx.
    >
    >
    > --------------------------------------------------
    > From: <sales@pointandfigure.com>
    > Sent: Saturday, January 09, 2010 9:40 AM
    > To: <>
    > Subject: Re: Bull's-Eye Broker have BUG. (Explanation.)
    >
    >> Hi,
    >>
    >> thanks for your email.
    >>
    >> If it is not too much work for you - could you make the same data, but
    >> make it daily data instead of having it intraday. I do not doubt you are
    >> right. But, I don't think the error would be there if it was daily data
    >> and daily close was used to plot. Like I said, intraday data is not the
    >> best use of Bull's-Eye Broker since it is intended for daily EOD data.
    >> The
    >> focus of next version of Bull's-Eye Broker is real time intraday data.
    >>
    >> Carl
    >>
    >>
    >>> Hi!
    >>> 1-
    >>> I'm sure I'm right. No matter what date the data are. I can fix all the
    >>> dates and times in Metastoc, so that there was a date day and post you.
    >>> And
    >>> then you'll be said in justification SOFT?
    >>> Laws draw P&F for all the same regardless of what time periods for them
    >>> to
    >>> work. You want to say that you have laws draw P & F are different for
    >>> different intervals of time?
    >>> 2-
    >>> I do not have the registration number. I use the BEB demo version. But
    >>> I
    >>> will be glad to receive from you the new version BEB.
    >>>
    >>>
    >>> --------------------------------------------------
    >>> From: <sales@pointandfigure.com>
    >>> Sent: Friday, January 01, 2010 9:43 AM
    >>> To: <>
    >>> Subject: Re: Bull's-Eye Broker have BUG. (Explanation.)
    >>>
    >>>> Hi, I'm sorry you feel that way. However, your error is still due to
    >>>> the
    >>>> fact that you use INTRADAY data with intraday reversals and the
    >>>> plotting
    >>>> you use in BEB is based on DAILY CLOSE thus your intraday reversals
    >>>> will
    >>>> not be considered when drawing the chart.
    >>>>
    >>>> But like I said our next version of BEB will be focused on intraday
    >>>> trading and this issue will not be present since it is a complete
    >>>> remake.
    >>>>
    >>>> If you send me your registration number we will send you the first
    >>>> beta
    >>>> version.
    >>>>
    >>>> Good luck with your trading.
    >>>>
    >>>> Eric S.
    >>>>
    >>>>> I still do not understand why you needed were my data, if you are in
    >>>>> any
    >>>>> case justify soft BEB is that it does not correctly display graphics?
    >>>>> Tell that "Close" is bad, as "High/low"?
    >>>>> Or tell that apply proff traders?
    >>>>> I know and believe in 100%, SOFT BEB does not correctly display
    >>>>> graphics.
    >>>>> If I apply the "High/low" or old data, I know that BEB will not be
    >>>>> considered by "PRICE BOX", but from "old price".
    >>>>> And it is not correctly. Soft BEB-bad.
    >>>>> I have already told everyone about it and showed it. And in our
    >>>>> country
    >>>>> have
    >>>>> already checked it. So no need to justify soft BEB, it is no one will
    >>>>> buy
    >>>>> in
    >>>>> our country.
    >>>>>
    >>>>> Be correctly would be admitting a mistake, to alter it, and then to
    >>>>> soft
    >>>>> BEB
    >>>>> would be the best.
    >>>>> While soft BEB makes a mistake, he is the worst.
    >>>>>
    >>>>>
    >>>>>
    >>>>> --------------------------------------------------
    >>>>> From: <sales@pointandfigure.com>
    >>>>> Sent: Tuesday, December 29, 2009 10:25 AM
    >>>>> To: "Grat H" <>
    >>>>> Subject: RE: Bull's-Eye Broker have BUG. (Explanation.)
    >>>>>
    >>>>>> Hi, depending on the settings of what to chart (daily close, all
    >>>>>> available
    >>>>>> data...) you will have different figures. Also I see your excel file
    >>>>>> does
    >>>>>> not plot the same boxes as BEB. Your plottings are different, and I
    >>>>>> suppose the difference is how the data is used. In BEB you can also
    >>>>>> make
    >>>>>> completely different drawings depending on what settings and data
    >>>>>> series
    >>>>>> you use. You seem to use daily closing prices for intraday data
    >>>>>> which
    >>>>>> is
    >>>>>> not the best option. If you change series to "Whatever data is
    >>>>>> available"
    >>>>>> you will have another reversal at that particular point, similar to
    >>>>>> the
    >>>>>> one in your excel.
    >>>>>>
    >>>>>> Your Excel plots figures slightly different:
    >>>>>> 81,39
    >>>>>> 81,29
    >>>>>> 81,19
    >>>>>> 81,09
    >>>>>> 80,99
    >>>>>>
    >>>>>> While Bull's-Eye Broker and Point and figure best practice:
    >>>>>> 81,40
    >>>>>> 81,30
    >>>>>> 81,20
    >>>>>> 81,10
    >>>>>> 81,00
    >>>>>>
    >>>>>> In my opinion and most professional traders also it should be kept
    >>>>>> as
    >>>>>> simple and straightforward as possible. Point and figure usually use
    >>>>>> round
    >>>>>> numbers and decimals.
    >>>>>>
    >>>>>> Also, in the end it doesn't matter as long as you make money. By
    >>>>>> using
    >>>>>> one
    >>>>>> method of plotting it does not matter as long as it is consistent.
    >>>>>>
    >>>>>> Next year when we release the true real time version of Bull's-Eye
    >>>>>> Broker
    >>>>>> this will be better for intraday data.
    >>>>>>
    >>>>>> Hope this helps.
    >>>>>>
    >>>>>> Eric
    >>>>>>
    >>>>>>
    >>>>>>>
    >>>>>>> Hi Eric
    >>>>>>>
    >>>>>>> I not send a text file and, in Metastoc ver11. This data is
    >>>>>>> obtained
    >>>>>>> through conversion of the program Xtick (www.xtick.com) in Metastoc
    >>>>>>> ver11.
    >>>>>>> Then I converter Downloader Metastoc, convert them to Excel. The
    >>>>>>> same
    >>>>>>> data
    >>>>>>> (date Metastoc ver11) were applied in soft Bull's-Eye Brocer.
    >>>>>>> see data "sber03_1" , and Date= 12/24/2009 18:03:00 (24.12.2009
    >>>>>>> 18:03:00).
    >>>>>>>
    >>>>>>> I conversion date on 23.12.2009 and 25.12.2009
    >>>>>>> I Send and Metastoc and Excel (11.xls) , and txt file (ss.txt)
    >>>>>>> -datefiles
    >>>>>>>
    >>>>>>>
     
    #2042     Jul 15, 2012
  3. well...the fake we spokje about 2 weeks ago on s&p 500 played out nicely
    a fake ...a head fake is an unsupported breakout..ie a high pole in p/f terminology
    now we could be in for a bounce
    eurusd 4 hour data

    [​IMG]
     
    #2043     Jul 15, 2012
  4. correction
    daily data
    26 piposby 1 reversal
     
    #2044     Jul 15, 2012
  5. a closer look at the final down move on 30 min data
    looks like that down move has been taken out
    a bounce and some overhead res at 2260 area
    lets see if this bounce is a fake before another move down


    [​IMG]
     
    #2045     Jul 15, 2012
  6. s&p 500 index
    4 hour data
    11 points by 1 reversal
    an orderly uptrend which started on 4 june

    [​IMG]
     
    #2046     Jul 18, 2012
  7. spx 2 hour data
    if you think this market will tank...it will have to test this uptrend with support area in 1330 regionn

    [​IMG]
     
    #2047     Jul 22, 2012
  8. eurusd daily
    showing all the trends over the last year
    note the last move down/light blue line...now we might have some recoil from that intense move...could be good for stocks with a weaker dollar

    [​IMG]
     
    #2048     Jul 22, 2012
  9. tracking this uptrend on the aussie dollar/carry trade to see if there is dollar strength
    stuck at res...but uptrend still lookin good

    [​IMG]
     
    #2049     Jul 26, 2012
  10. aussie dollar
    need to break that res for stock market rally to continue..if it fails ..then major supp in 1.0250 area

    [​IMG]
     
    #2050     Jul 27, 2012