The ideas that I trade by:

[MightyOne]

Holding short after the failure up top. I will play P&F with you guys soon - busy coding and trying to keep manual trade plan on track.

Well done.

I just want to point out some things that jump out at me when I look at that chart:

PS: remember that this is art class, there is no right or wrong.

for_sacrophage.png (25.89 KiB) Viewed 3068 times

[TheRumpledOne]

GBPUSDH1.png (92.94 KiB) Viewed 3068 times

EURUSDDaily.png (82.38 KiB) Viewed 3068 times

I like to PAINT BY NUMBERS

[MightyOne]

I like to PAINT BY NUMBERS

[Sacrophage]

And then the Daily... could become a nice short if she breaks... I don't like the dueling wicks from yesterday/today (cue banjo music), but perhaps that is the point - shake 'em out before the move. Will see - pulled half off. Looking to add in all the right places (cue Dolly Parton).

[thepark]

learn by practicing. consistency is key

i have been thinking that entering at the bottom of a cone is a lower risk trade than at the cone breakouts because it could be "overbought" or "continue"

i will try to enter at the bottom of the cone for longs (extremes) as much as possible and vice versa.

[MightyOne]

Which chart better describes the price action? Bar chart or High/Low+Close PNF?

freestockcharts_com_FB_PNF.png (50.77 KiB) Viewed 2997 times

[aliassmith]

Which chart better describes the price action? Bar chart or High/Low+Close PNF?

freestockcharts_com_FB_PNF.png

They look fairly similar to me. Money could be made with either with the right space. PnF doesnt show the full range of price so that is a little challenge.

[Sacrophage]

Which chart better describes the price action? Bar chart or High/Low+Close PNF?

freestockcharts_com_FB_PNF.png

Whichever one has better expected return based on objective entry/exit criteria

[MightyOne]

... PnF doesnt show the full range of price so that is a little challenge.

It is the same as shaving off the pipettes from the price of the extreme; if you are trading for pips then you don't concern yourself with pipettes and if you are trading for macros then you aren't concerned about the pips.

If you enter at a line or a line +/- a half line then your entry will be 'accurate' enough, in my opinion.

I trade from lines and for lines so that is all that I need to see on the chart.

I am not saying that I have the whole PNF thing down, I am still exploring the idea

You could turn your attn. to Kagi charts but I would dread drawing those by hand.

[aliassmith]

... PnF doesnt show the full range of price so that is a little challenge.

It is the same as shaving off the pipettes from the price of the extreme; if you are trading for pips then you don't concern yourself with pipettes and if you are trading for macros then you aren't concerned about the pips.

If you enter at a line or a line +/- a half line then your entry will be 'accurate' enough, in my opinion.

I trade from lines and for lines so that is all that I need to see on the chart.

I am not saying that I have the whole PNF thing down, I am still exploring the idea

You could turn your attn. to Kagi charts but I would dread drawing those by hand.

I'll just turn to candles altho I can see an advantage with big enough targets