[sharehunter]

in "The Complete Guide to Point-And-Figure Charting The New Science of an Old Art" book: I see the standard box size as bellow:


for the 3 box reversal method, please tell me whether can i use the box size like this book told.

thanks you a lot

[sharehunter]

I hear that Wyckoff count target price. He use P&F method but it is deffirent from usual method. Please kindly guide me wyckoff way to count target price

many many thanks for your helps

[sharehunter]

Originally Posted by sharehunter »

in "The Complete Guide to Point-And-Figure Charting The New Science of an Old Art" book: I see the standard box size as bellow:


for the 3 box reversal method, please tell me whether can i use the box size like this book told.

thanks you a lot

sorry i dont know why the picture dont show. i post another link

http://i1130.photobucket.com/albums/...af/boxsize.png

[BlowFish]

Firstly I am no P&F 'expert '(so take my comment with a pinch of sort) I do have a decent understanding of how and why you'd use P&F though.

I would guess the table is a 'rule of thumb'. Volatility is more important than the absolute value of the instrument (of course stuff that trades at 100 is going to have a wider range than stuff trades at 10).

As with all methods of sampling and displaying data it is more about what you want to 'capture' rather than a magic formula. What do you ne to see for the swings you are targeting.

For example on exactly the same instrument someone interested in capturing 5 point (just an example) swings that take an hour so to complete will use a different box size and reversal to someone wanting to capture 50 point swings (that might last 2 or 3 days) [I].

Fit the tool to task. You find a spanner to fit the bolt, you don't select a spanner and then go looking for a bolt that it fits.

[YertleTurtle]

For those interested in software that will create PnF charts - I have been using NinjaTrader with success. You cannot input different box sizes at different price levels unless you code it yourself but the software is free until you trade live on it. You can get trials of live feeds with historical data (I got mine from Zen-Fire) so if you want to try PnF through time on the same instrument it is pretty easy to set up.

I have been using the Wyckoff Method and Market Profile to paper trade the S&P e-minis. I wonder if someone could give me some input on box sizes and reversal sizes. A tick on the ES is .25 points. There is a lot of volatility with the ES so my assumption is that a tick for a box size would be a big mistake. I have configured my chart for box size = 3 ticks and use both a 1 box and 3 box reversal. I'm not sure if there is a more precise way to filter out noise etc. I'm wondering if anyone looks at a 5 box reversal chart? All comments appreciated. Also if anyone successfully daytrades with these I'd like to hear about it.

[Tams]

Originally Posted by YertleTurtle »

For those interested in software that will create PnF charts - I have been using NinjaTrader with success. You cannot input different box sizes at different price levels unless you code it yourself but the software is free until you trade live on it. You can get trials of live feeds with historical data (I got mine from Zen-Fire) so if you want to try PnF through time on the same instrument it is pretty easy to set up.

I have been using the Wyckoff Method and Market Profile to paper trade the S&P e-minis. I wonder if someone could give me some input on box sizes and reversal sizes. A tick on the ES is .25 points. There is a lot of volatility with the ES so my assumption is that a tick for a box size would be a big mistake. I have configured my chart for box size = 3 ticks and use both a 1 box and 3 box reversal. I'm not sure if there is a more precise way to filter out noise etc. I'm wondering if anyone looks at a 5 box reversal chart? All comments appreciated. Also if anyone successfully daytrades with these I'd like to hear about it.

Thanks for sharing.
can you post a chart?

[YertleTurtle]

5 minute HLC chart on the left with daily market profile. 3 tick box size for both charts on right with top being 3 box reversal and bottom being a 1 bar reversal. Enjoy:

[Stock.Jock]

YertleTurtle,

Nice set of charts you posted. I'm interested in the PnF charts that you make on NinjaTrader. I downloaded and installed it and I linked it to TD Ameritrade for my data stream. I see in the chart properties that the box size and reversal can be changed, but I'd like to get it to plot the Wyckoff PnF chart. Do you know if this chart code can be edited? Is there an editor in the program for it?