[winnie]

Would you mind to share how you trade？

[sergpato]

Hi Winnie,

Well, I start saying that I trade using supply and demand zones, analyzing the market structure, the trend analysis and the price analysis, when the price is close to this zones. I follow the sentiment and the behavior in the zone and then seek the trigger, to go in.

I try to become a price action trader, it hasnt been easy to walk in this way. I learn each day some new idea and go small size lots in the market. I am focus mainly in forex. I dont know what more to say. Maybe, late I will post a chart let you know something about my trading.

I also am interested to know more about your work.

Cheers


Sergio

[winnie]

Thanks and I also use support and resistance zone to trade intraday swing. As I live in Hong Kong and could only trade the Hang Seng Index futures intraday. Attached is a chart show how I trade yesterday.

[sergpato]

Hi Winnie,

I like to share this kind of information. your chart look clean and the trade took was perfect. I havent never traded with PF charts but I like as you do it. I will go to check it because the main way is the same SR zones. Great to meet a woman trading in this particular way. I hope to share a graphic today to look at how I make it. Also, Im going to read more about PF charts. I trade forex and it is not common to find this kind of charts, but I like.

Thanks and Have a nice day,


Sergio

[winnie]

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 ?

[sergpato]

Hi,

I am reading some books about PF and really I am anxious to plot my charts like you. How do you determine tgts and the stops. many people put the stop two boxes down from the low of the last row of x if you go long and vis if you short. In high TF the sloss is high like 150 o 200 pips in forex.

take care

[sergpato]

I forgot a very important question, how do you determine the size box, I dont know, and the relevance at the moment to plot the chart.

Thnks

[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 !