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| Discuss Point & Figure on Cable at the Forex within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hello, Has anybody trading cable using only P&F charts? I am getting very interested in ... |
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#1
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Hello,
Has anybody trading cable using only P&F charts? I am getting very interested in looking at only price movement, and forget about time. Thanks, Frank p.s. I will post my intra-day trading recommendations on this pair twice a day, around 10AM, and 10PM EST. Last edited by FrankC; 2nd July 2007 at 08:38 AM. |
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#2
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I use MT4 platform, with an indicator drawing a very basic P&F chart. I am very interested to trade the breakout of a congestion area in P&F.
Attached chart shows some are of congestion (inside white circle) for cable. A breakout strategy from this congestion phase could be a good trading strategy, obviously with a sound money management as well. I also attached (serg153xo.mq4) the indicator for those who use MT4 platform. Last edited by FrankC; 1st July 2007 at 09:53 PM. |
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#3
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Attached is the cable's P&F situation:
No current area of congestion is forming...on the sideline for now. |
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#4
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P&F shows continuation of trend with no sign of reversal.
Long @ 2.0095 SL @ 2.0048 Next analysis around @10-11AM EST, July 2... Note: This is a demo account. Please don't take these signals on your LIVE account, at least, not yet. Last edited by FrankC; 2nd July 2007 at 08:40 AM. |
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#5
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Hello Franc,
Do you know or have any good book/tutorial material on point and figure charting? Can you share it with us? We want to learn about this method of trading. Thanks and regards R. S. Iyer |
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#6
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Quote:
I recommend this site to start: http://dorseywright.com/cgi-bin/foxw...wuniv?partner= However, you can always google P&F on Forex and find other interesting sites. |
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#7
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Quote:
Still looks good long on P&F charts, and no sign of reversal. Holding the same position @ 2.0095 |
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#8
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Quote:
Area of congestion are building up, so it's time for profit taking. |
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#9
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Quote:
http://chartfilter.com/pointandfigur...tandfigure.htm |
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#10
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Quote:
Regards R. S. Iyer |
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