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The setting for the point and figure is 3 min for base period value, 2 for box size, and 3 for reversals.
The support and resistance lines are automated lines, the indicator is called SwingRaysV1. Available in the indicator download section. I find it usefull.
I have not been able to get the OFA to work .(I have the free version).
Thanks for posting your updates
Can you help answer these questions from other members on NexusFi?
Mike,
Are you using the free OFA or you purchased the software? If you did purchase, did you take any lessons / mentoring?
I find that looking at all those numbers makes me dizzy, or shall I say confused ?
Amni
Made the plunge and purchased base OFA + VCA.
There's plenty of free webinar recordings off member site / uTube channel to get up to speed
on methodology.
In their Trader Lounge, they offer a FREE daily analysis of ES + 6E markets using OFA.
Great forum to ask questions and follow a successful trader and see what they see and start
developing you own style.
As far as following the Delta numbers... much easier on the eyes than watching Time and Sales on mkt tape....
Waited patiently to be in sync with the Order Flow, following the vol cluster, to support entry.
Strong support area from 1945.50 - 1944.25, notated by blu rectangle.
Being its Friday and settlement hasn't been breach as of yet, 1948.75 [yesterday], I felt to shut down...
enjoy the day and study hard over weekend to do it again next week...
Took an additional trade as price was challenging yesterday's settlement price of 1948.75.
Positioned my entry at a vol cluster, see structure chart - blu squares, at the 1948.75/1949 area
Patience on ES today as it ground up over resistance areas of 1953.75 area
Waited for the ask print to tell me to enter around 1955.
Wanted to go for more but sticking to my 4tix scalp
Chased 1st trade and got stopped out.
The better trade was my 2nd.
Waited for rotation back and a move above a sell valuation area to left @ 1961 area.