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Nick
I forgot to mention one point...if you are using trial run of Updata
TA then when in P & F chart, just type 'V' for vertical count...that
is the price objectibe...i'e 'projectile value'...you must though do
a vertical count at specific point...if you test it on any security
and do a test you will be surprised how the price objective in
vertical count is most of the times reasonably accurate...although
not always...
Also type 'H' for horizontal count...and see the results....
In settings use high/low value and do the counts with different
reversal sertings...
regards
anil
--- In Metastockusers@xxxx, "anilkeshavji" <anilkeshavji@xxxx> wrote:
> Hi Nick
>
> It is always good to hear from someone who is interested in P &
> F....as many of my friends ONLY use this most of the time and with
> uncanny accuracy...
>
> I checked couple of securities using 1 box reversal count...now
this
> is where the difference between boys and men will be obvious...the
> difference was obvious with metastock and TA...
>
> In P & F charts the trendlines are drawn at 45 degrees and it is
> very specific the way it is drawn...that is missing in metastock...
>
> vertical and horizontal counts are available in TA but not in
> metastock....these counts are the most basic requirement of P & F
as
> that is all what the charting is about i.e the projectile
> value...otherwise what do you do with P & F charts...???
>
> For serious user of P & F metastock is not the right
tool...however
> one thing i have been lookng at is to see if there is a way to
> programme pattern recognition in metastock P & F charts....like
> double top reversal, double top continuation...etc etc as listed
in
> Kermit Zeig's and Carroll D Aby Jr's books...Have not been too
> sucessful so far...
>
> TA's P & F will be the most accurate charts that will be avilable
on
> any programme as Jeremy is an authority on the subject and a
> perfectionist...So TA is a must for P & F...metastock for possible
> pattern recognition programming if possible.
>
> However once masterered you can scan through 100 charts in few
mins
> as only think you are looking for is the patterns....times
occuring
> and times profitable...i.e pattern B7 in Kermit Zeig's book occurs
> 3.9% of times and is 92% of times profitable...!!!
>
> Hope this answers the quesries...although i consider myself
> as 'moron' when it comes to P & F as it is a vast subject...
>
> regards
>
> anil
> --- In Metastockusers@xxxx, "Nick Channon" <channon1@xxxx> wrote:
> > Hi Anil,
> >
> > I was interested in your comments (below) about P&F charting and
> the
> > Indexia/Technical Analyst software - so I'm running the free
trial
> on it.
> > However, so far I cannot see much difference in the charts in
> comparison to
> > Metastock, except for as you say the vertical/horizontal counts.
> It does not
> > seem to include pattern recognition on P&F charts.
> >
> > Could you kindly tell me some of the differences? I am genuinely
> interested,
> > since I want to learn more about P&F charting in general.
> >
> > Many thanks,
> > Nick
> >
> >
> > ----- Original Message -----
> > From: "anilkeshavji" <anilkeshavji@xxxx>
> > To: <Metastockusers@xxxx>
> > Sent: Sunday, November 03, 2002 10:20 AM
> > Subject: [Metastockusers] Re: Bugs in Metastock Ver 8.0 EOD
> >
> >
> > > Ong Hock Choon
> > >
> > > It is fist time on this site anyone has mentione point & figure
> > > charting for as long as i have followed it...I use this
charting
> > > most of the time...and use everything else sparingly and to
> confirm
> > > etc...
> > >
> > > if you can master p & f then that is the only thing you need to
> > > trade...nothing comes near it...
> > >
> > > although i have not tested thoroughly...I compared the P & F
> charts
> > > with another programme i use - Indexia and Technical
> Analyst....both
> > > written by a CMT in London called jeremy Du Plessis....he is an
> > > authority on point & figure charting techniques...and i found
> that
> > > there was an error in patterns...indexia and technical analyst
> are
> > > probably only the accurate charting for p &f that is
> avilable...box
> > > setting of 1 is also possible with that
> > >
> > > Unfortunately p& f in metastock is just a gimmick....they
could
> have
> > > included vertical and horizontal counts and better trendline
> > > facility....pattern recognition etc...like candle charts
> > >
> > > i wonder if anyone on this site uses p & f charting?????..
> > >
> > > it would be useful to know if anyone has solved the vertical
and
> > > horizontal count feature in metastock???
> > >
> > > regards
> > >
> > > anil
> > >
> > >
> > >
> > > --- In Metastockusers@xxxx, Ong Hock Choon <hcong168@xxxx>
wrote:
> > > > Hi,
> > > >
> > > > I had discovered these bugs in Metastock:
> > > >
> > > > 1. P&F chart cannot display when price is lower than $1.
This
> > > problem
> > > > does not happen when charting price above $1. After much
> exchange
> > > of
> > > > email with their tech support, Equis had acknowledged this
is a
> > > bug in
> > > > the software.
> > > >
> > > > 2. Custom Tool Bar display problem. When custom tool bar
> consist
> > > of all
> > > > template icons and when you first start up Metastock without
> > > opening any
> > > > chart, it will not only shrink itself but all other tool bar
on
> > > the same
> > > > vertical or horizontal edge to the extend that it cannot be
> click.
> > > > Display will become proper once you open a chart, and will
> stay in
> > > this
> > > > proper manner even after the chart is closed.
> > > >
> > > > Equis tech support claims that this is the way Metastock is
> > > designed to
> > > > work. (ya, great consistency and great improvement from
> previous
> > > > version)
> > > >
> > > > What make me more up set is: I had reported these bugs and at
> > > first the
> > > > tech support claimed that they have "tested both issues I
> reported
> > > and
> > > > it worked perfectly in their MetaStock 8.0". Instead of
> admitting
> > > they
> > > > ask me to do many other things. Only after much exchange and
> > > sending
> > > > them many screen shots, then they admit that the P&F problem
> is a
> > > bug,
> > > > and claim that the custom tool bar is the way Metastock is
> design
> > > to
> > > > work.
> > > >
> > > > I wonder anyone has similar experience in dealing with Equis
> tech
> > > > support?
> > > > --
> > > >
> > > > Regards.
> > > >
> > > > Ong Hock Choon
> > > > hcong168@xxxx
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > Metastockusers-unsubscribe@xxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
> > >
> > >
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