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Question,how do i get a screenshot from BOM ie the chart with the spike in it on to here please ???

Mega, capture the screen and move it onto your website. Then use MAM's "Insert Image" facility to link to your image on your website.

This is the chart,note the spike up just after 2.00,that cannot be normal !!!

Mega...

My long looking good so far :-))

"Nothing surprising so far today compared to expectations save for the surprisingly strong GBP, which continues to power stronger as GBP/USD seems ready to take aim at 1.7950. Most pairs may settle again today without breaking new territory to see if the FOMC minutes have anything to offer at 16:00 GMT. Regardless, the USD looks as if it is focusing weaker until proven otherwise."

read this in an email from saxo bank. just looking at the time ..... saxo bank say the fomc minutes are at 16.00 gmt , the calendar in post 1 says 18.00 gmt. can someone confirm which one is correct , please.

Well still long Cable. Personally, if it breaks 7800 decisively then I can't see it stopping till it gets to the 7900 area. My P&F charts are giving two targets of 7920 and 7930.

Onwards and upwards I hope. :-)

Just checking the calendar because of bosley's post 5461: it gives EST (Eastern Standard Time) and GMT (Greenwich Mean Time) with 4 hours displacement between them. Summat's up, because Eastern time is 5 hours behind the UK. Soooo . . . either EST really means EDT (Eastern Daylight Time) and GMT is really GMT (and not BST - British Summer Time) and/or they are unaware that we too have Daylight Savings Time (as they call it over there).

well that certainly clears it up !!! cheers, mightymicro :)

Harlosh,

Curiosity got the better of me and I downloaded the Updata trial on Thursday.

My first observation was that the data feed seems to come through the LSE and it switches off each night leading to gaps. How does this affect any strategy?

Secondly, how do you implement a P&F strategy in terms of entering and exiting the market? For instance, your chart above clearly shows cable as a long, but how would you play it as it switches to the red "O"'s? Would you close out and look to re-enter at a lower price, or just sit with the long as that's the trend?

Hilary,

if you are interested in P&F I would recommend you acquire a copy of Jeremy du Plessis's book 'The Definitive Guide to Point and Figure'. It is very reasonable priced on Amazon I believe. The first chapter outlining the history of P&F is a little hard going I found but the rest of the book is compulsive reading.

In relation to the overnight feed I think it stops at around midnight and you may find it starts again at 8am. Are you familiar with Messenger? You can simply ask Support how to resume you feed at 7am (or may be earlier if you wish). Each morning the data should update itself but to be on the safe side I right click on the chart and click Download History at the top which will fill any gaps in.

If you activate Messenger Hilary I can talk you through a few things to get you started and answer your second question.

Harlosh,

I was already thinking of getting the du Plessis book, although I'm not a great reader of books such as that. Jeffrey Archer on a beach is more my cup of tea.

:o)

Harlosh,

Thanks, but don't worry about the Updata Messenger thingy. I looked at it the other day and didn't know where to start or what to do so I gave up on it.

I probably need to start at the very beginning with the du Plessis book and go from there. It's just a question of whether I've got the staying power for a 550 page heavyweight.

It is worth it Hilary I assure you but good luck with it.

If you need assistance with Updata just shout.

What I did like about the Updata thing though was the first chart that I called up on Thursday (when I couldn't find all the FX stuff) was an XTA P&F 1 minute chart. I think (in truth, I'm still not even sure) that it gave a sell signal, so I shorted it and walked away with nearly 1,500 an hour or two later. It paid for the free trial.

:o)

Hilary, Messenger is very very useful for contacting support. You have a direct line to them and your problems are answered instantly. You do not need to disclose your Messenger name to anyone except Support themselves of course. It is very simple to set up.

Wow!

Before getting the du Plessis book, I was intending to get their 90 minute video presentation on DVD, hopefully for some pointers about P&F. I started to view it on the web, but it was too small to see properly.

Yes some brilliant stuff in there Hilary but covers many things other than P&F.