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Triffick · 07-08-2006, 08:32

The simple answer to the question of entry is a double top or double bottom (or wider) in the direction of the trend.
There is a point to consider here - when the price reverses on its way along a trend it is important to take the points moved and then divide it by the number of reversals - if the result is less than the box size it may be considered that the trend is weakening so you may begin to reconsider your position.
Dont forget time is not relavent to P&F

Arco thanks for the website - I took a list and the first chart on the intro shows an entry at a top - I notice however that they waited to see a reversall before the exit which to me hints (No criticism here its just a glance) that they failed to hit the P&F projection. This will happen at the end of every trend of significant length because all targets get hit except the last one. - Makes sense really. If you start with a barmy target on a 50X3 like I did (see below) you can work the price along the trend but its scary.

For me P&F is a small startup pyramiding stake long term activity. For example about octobr 2003 I took a prediction from 1.6650 (ish) to 1.9050 which was struck in feb 2004 I am allways a little tense over time frames of that duration, but it shows the reliability of the method. I do better on breakouts - hitting 200 pips in 2 trades last week suits me better these days! I am not blowing my trumpet too hard - that was the best pair of hits for a while(I tend to set low stress targets) but it shows how working the price action can be better if your timing is on. P&F works in forex but I think the prevailing mentality of traders is on price and time which makes it a hard bridge to cross. My simple suggestion is to get a big 50x3 target and trade along it at about 10x3 - same same daily guiding hourly which is perhaps more familiar to many. Best wishes Guys.

07-08-2006, 08:32	#13
Triffick level 1 Join Date: Oct 2005 Posts: 7 Downloads: 0 Uploads: 0 Rep Power: 0	Re: Point and Figure for Forex? The simple answer to the question of entry is a double top or double bottom (or wider) in the direction of the trend. There is a point to consider here - when the price reverses on its way along a trend it is important to take the points moved and then divide it by the number of reversals - if the result is less than the box size it may be considered that the trend is weakening so you may begin to reconsider your position. Dont forget time is not relavent to P&F Arco thanks for the website - I took a list and the first chart on the intro shows an entry at a top - I notice however that they waited to see a reversall before the exit which to me hints (No criticism here its just a glance) that they failed to hit the P&F projection. This will happen at the end of every trend of significant length because all targets get hit except the last one. - Makes sense really. If you start with a barmy target on a 50X3 like I did (see below) you can work the price along the trend but its scary. For me P&F is a small startup pyramiding stake long term activity. For example about octobr 2003 I took a prediction from 1.6650 (ish) to 1.9050 which was struck in feb 2004 I am allways a little tense over time frames of that duration, but it shows the reliability of the method. I do better on breakouts - hitting 200 pips in 2 trades last week suits me better these days! I am not blowing my trumpet too hard - that was the best pair of hits for a while(I tend to set low stress targets) but it shows how working the price action can be better if your timing is on. P&F works in forex but I think the prevailing mentality of traders is on price and time which makes it a hard bridge to cross. My simple suggestion is to get a big 50x3 target and trade along it at about 10x3 - same same daily guiding hourly which is perhaps more familiar to many. Best wishes Guys.