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Point & Figure on Cable

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  #1  
Old 1st July 2007, 09:32 PM
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Lightbulb Point & Figure on Cable

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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Old 1st July 2007, 09:46 PM
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Default Re: Point & Figure on Cable

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.
Attached Files
File Type: rar pf.rar (22.1 KB, 45 views)

Last edited by FrankC; 1st July 2007 at 09:53 PM.
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Old 1st July 2007, 09:56 PM
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Default Re: Point & Figure on Cable

Attached is the cable's P&F situation:

No current area of congestion is forming...on the sideline for now.
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File Type: gif cable0701.gif (15.7 KB, 46 views)
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Old 2nd July 2007, 08:20 AM
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Thumbs up GbpUsd

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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Old 2nd July 2007, 12:47 PM
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Default Re: Point & Figure on Cable

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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Old 2nd July 2007, 07:12 PM
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Default Re: Point & Figure on Cable

Quote:
Originally Posted by RSI View Post
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
Hi,

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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Old 2nd July 2007, 07:36 PM
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Default Re: GbpUsd

Quote:
Originally Posted by FrankC View Post
P&F shows continuation of trend with no sign of reversal.

Long @ 2.0095 SL @ 2.0048
Current Price: 2.0102

Still looks good long on P&F charts, and no sign of reversal. Holding the same position @ 2.0095
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Old 3rd July 2007, 06:33 PM
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Default Re: GbpUsd

Quote:
Originally Posted by FrankC View Post
Current Price: 2.0102

Still looks good long on P&F charts, and no sign of reversal. Holding the same position @ 2.0095
Exited @ 2.0161

Area of congestion are building up, so it's time for profit taking.
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Old 6th July 2007, 03:27 AM
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Default Re: Point & Figure lesson link

Quote:
Originally Posted by RSI View Post
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
http://www.archeranalysis.com/beb/index.html

http://chartfilter.com/pointandfigur...tandfigure.htm
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  #10  
Old 6th July 2007, 09:51 AM
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Default Re: Point & Figure on Cable

Thanks a lot
Regards
R. S. Iyer
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