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winnie

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Posts posted by winnie

  4. Posted

    I have modified my system. This is my new approach on point and figure chart.

    __________________________________________________________

    Performance Since May,2010

    Forex :

    USD : CAD Dollar Net Profit: 560 pip

    USD : JPY Dollar Net Profit: 280 pip

    AUD : USD Dollar Net Profit : 700 pip

    EUR : USD Dollar Net Profit : 700 pip

     

    Futures :

    YM Net Profit : -100 point

     

    _____________________________________________________

     

    Current Position :

    Sell US: JPY at 84.00, stop :85.4, Profit Target : 81.20

  5. Posted

    In calculate the profit target, I use risk : reward ratio to determine. If I risk 2 box, my profit target will be 2 X 2 = 4 box from my entry. In 1:2 risk:reward ratio, you need only 40% winning % to win.

     

    Just read some book on point and figure but just get a basic understanding is OK. Do not put too much focus on the buy /sell setup. Just get a feel and feel free to form your own strategy.

  6. Posted · Edited by winnie

    There is no fix rule to determine the box size. It depends on you how close you want to follow the market. If you are a day trader and like to catch small swing, you would need a small box size like : 0.003. However you are a position trader and only use daily data, you need a bigger box size. I could not watch the forex market 24 hour, so I use a box size of 0.007 in most market. You can change the box size and adjust it according to your need. The smaller the box size , the more swing you can trade and more noise and false signal. This is always a trade off, just find a comfortable level. No magic number as everything work sometime and don't work sometimes.

     

    For classic point and figure chart trading method, buy signal occurs when last X is higher than previous column X's high. On the other hand, sell signal occurs when last O is lower than previous colomn O's low. It is a stop and reversal breakout system. Attached is a chart shows how this signal occur in US : CAD . You can see it only works in trending market and could not work in sideway.

     

    This is why people give up the point and figure chart as market move sideway most of the time. The point is not on the point and figure chart but on its buy/sell setup. Point and figure chart just show how the market doing !

    5aa7102d18e77_PFExample.png.c8452ad50224357f50f555d5d60dec52.png

  7. Posted

    A Simple day trading system, an example show how it works in US stock : Symbol: V

    This system trade when market make new intraday high and wait for confirmation signal to sell it. On the other hand , when market make new intraday low, wait for confirmation signal and then buy it.

     

    Use 1 min data and box size :0.15, 2 box reversal

    Risk : Reward Ratio : 1:2 Risk : 0.3 Proft Trarget : 0.6

    Anyone interested in it ?

    V.png.829e7846cbf8f84fdd88c4a0acf6f51d.png

  10. Posted

    Hi Sergio,

    This is come from a simple breakout system. Instead of using bar chart or candlestick chart, I use point and figure chart as basic, however I do not use common point and figure chart pattern. Actually, I do not think there is any pattern in the market. No pattern does not mean we could not trade. What I am doing is just listen to the market and a "simple mind". If market go up, I buy. If market go down , I sell. I don't know where the market will stop. What I could see is the "NOW " moment , no thinking, no feeling and a simple "Zen Mind".

    The next thing I need to do is what is mean by up and what is mean by down. If you are a day trader, you can use a very tight value to determine it but you will switch many times. For position trading, I use a wide box size in point and figure chart. If the point and figure chart is in "X", it means up. If the chart is "O", it means down.

    Point and figure is nothing special, it only a tool to help you filter out the noise and shows a clear picture to you. You can change the box size to fit your need. There is no magic number in it. This is why I do not want to sell anything because it is too simple ! It is only your mind make it complex.

     

    Hope this give you a new thinking or "no thinking" to the market.

    Just a Zen mind

     

    Winnie

  11. Posted

    Updated :

    *****************************************************************************

    Forex :

    Euro Dollar (Position still open)

    Last Signal : Sell

    Date: Aug 10,2010

    Entry Price : 1.31000

    Reversal Price : 1.28000 (Exit short and reverse to buy)

    **************************************************************************************

    AUD Dollar

    Next Signal:

    Buy at 0.900 with stop at 0.8800

     

    ******************************************************************************************

    US : CAD Dollar (Position still open)

    Last Signal : Buy

    Date : Aug 20,2010

    Entry Price : 1.0400

    Reversal Price : 1.0400 (Close Long and reverse to Short)

    ************************* ************************* ************************* *****************

    US:JPY (Position Still open)

    Last Signal : Sell

    Date : July 17,2010

    Entry Price : 87.00

    Reversal Price : 86.00(Close Short and Reverse to Long)

    ************************* ************************* ************************* *****************

    Index Futures

    YM (Sept)

     

    Next Signal:

    Buy at 10200 with stop at 10000

    **********************************************************************************************

  13. Posted

    Position Updated : Aug 24,2010

    ************************* ************************* ***************

    YM (Sept)

    Long at 10400, Exit at 10200( P&L = -200) [Aug 19,2010]

     

    Short at 10200, Profit Target 10000, Stop 10400 [Aug 19,2010]

     

    ************************* ************************* ***************

    USD : CAD

    Exit Short at 1.0400 (P&L = 0) [Aug 20,2010]

    Long at 1.0400 , Stop Loss 1.02

    **************************************************************************

  15. Posted

    This is my trading system signal and just want to share if anyone interested in it.

     

    Forex :

    Euro Dollar (Position still open)

    Last Signal : Sell

    Date: Aug 10,2010

    Entry Price : 1.31000

    Reversal Price : 1.30000 (Exit short and reverse to buy)

    *************************************************************************************

    AUD Dollar

    Last Signal : Buy

    Date : July 9,2010

    Entry Price : 0.8600

    Exit Price : 0.9000 (+0.0400)

    Exit Date: Aug 16,2010

     

    Next Signal

    Buy at 0.9100 with stop at 0.8900

    ******************************************************************************************

    US : CAD Dollar (Position still open)

    Last Signal : Sell

    Date : July 10,2010

    Entry Price : 1.0400

    Reversal Price : 1.0400 (Close Sell and reverse to Buy)

    ********************************************************************************************

    US:JPY (Position Still open)

    Last Signal : Sell

    Date : July 17,2010

    Entry Price : 87.00

    Reversal Price : 87.00(Close Sell and Reverse to Buy)

    ********************************************************************************************

    Index Futures

    YM (Sept)

    Last Signal : Sell

    Date : Aug 11,2010

    Entry Price : 10400

    Exit Price : 10200 (+200 point)

    Exit Date : Aug 16,2010

     

    Next Signal:

    Buy at 10400 with stop at 10200

    *******************************************************************************************

    Will Continue to post it if new position or new signal generated ? Hope this could help.I do not want to sell anything.

    Thanks

  16. Posted

    Dear Eiger,

    Thanks for your posting. I think the hardest part in using VSA is it makes us focus too much on the current few bars instead of the whole picture. In your diagram, I will focus on picking the bottom to buy instead of waiting for the test of upthrust to sell. How could we deal with such problem ? Just like Tuesday's ES market, will you focus on picking the top as the market seems does not have upside momentum in the afternoon. Do you have any rule for the background ?

    Anyway thanks for your help and posting.

    Winnie

  17. Posted

    Dear all,

    In analysis the US stock market, which index should we use in analysis the general market condition. Some use Dow Jone Index and some people use NYSE index. Which one should we use ? Where could we get the daily volume chart in web ? In Bigchart.com, I could get the price volume chart of NYSE but the volume is delayed for one day ?

    thanks for all your kind help

    Winnie

  18. Posted

    Dear all,

    Thanks for all your kind advise. Attached is the daily chart of citigroup which I wants anyone of you can make a conclusion in it. In last three bars,we have :

    two bar with narrow spread but high volume,

    one bar with wide spread but low volume.

    Combine with its background, could we draw a view on it ?

    Thanks

    Winnie

    5aa70e9cdd2a2_Citigroupdaily.thumb.png.fe95d60501e1134ba716638302a3f09b.png

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