P&F charts suck, don't use them...

[bredin]

ive drawn the I/T as a line through the box and the LiS as a band the width of the box...

edit: the sweetspots are 10 boxes apart.

G.

[PebbleTrader]

[PebbleTrader]

"I did it that way because price is drawn through the middle of the box."

See above image,

Price levels are in the middle of a box?

I thought price levels were the sweet spots gold?

[PebbleTrader]

Or is it this?

[PebbleTrader]

I'm thinking you are actually doing it like the above picture, but price levels are actually the sweet spots gold dashed lines.

So it would be 4 boxes and the price level it hit is the sweet spots gold dashed line.

That is really confusing to me (just from a visualization point of view) to have the price level it hit be in the middle of a box.

Is this an MT4 limitation or did you design it this way on purpose?

Please elaborate on thoughts for why you designed it this way.

[PebbleTrader]

As far as space goes, I think it makes sense to use space in conjunction with PnF.

? - Is line in sand the same as if/then or is there a difference between the two?


I was thinking if/then is more "loose", price may cross but not close

but line in sand, price may not even cross.

Line in sand = No touch?

[PebbleTrader]

"but exiting at the close of MOMO really has me stumped atm"

I can see Momo.

I think you are referring to some of the time based indications (close based on time).

I'm not looking for PnF to replace my time based charts.

For me, it's a supplemental "map" to help me reach my "destination"

[bredin]

it is the second picture that is the correct interpretation. This is because a 1 box candle would otherwise be of zero height.
There are no breach marks, although it would be easy to include them, I have left them off for clarity while I got the bugs out

LiS is what tells me which way to trade, If/Then tells me when Im wrong. They are not always the same line (the way I trade anyway). There is the reversal issue here, in that since I cant see the usual closes Id have to wait for a new P&F candle to appear, price would be an additional 30 or so pips lower than I'd like which in turn dilutes the Space.

I was considering that space can be more compressed than Id allow for usually since the get out signals are on price (like a stop) rather than a close (time based exits). I was considering which space would (in general) be more appropraite.

II guess I'll adresss this in a vid after I get the basic space vid done... I can see that Im going to be stupidly busy over the next month.

G.

[Jalarupa]

"Rule of 30 60 90... "

60* down (2x)
30* up (1/2)

30* + 60* = 90*

????????????????

Is that what you are saying?

Feeling creative... or maybe just doodling...

Okay so this first "FUN WITH FRACTALS" example talks to the 30/60/90 rule...



Not exactly (cause I don't know if bredin has frozen the scale in his charts)...



This one I call "Fractal Rain" - connecting the highs



This is the start of "Fractal Noise" - connecting the lows and the highs of the opp wave



This one is "Fuller Fractal Noise" - Connecting highs and lows on both sides of the waves...

[Jalarupa]

As far as space goes, I think it makes sense to use space in conjunction with PnF.

? - Is line in sand the same as if/then or is there a difference between the two?


I was thinking if/then is more "loose", price may cross but not close

but line in sand, price may not even cross.

Line in sand = No touch?

AFAIK - its the other way around...

But yeah, at the end of the day either the or never the mind...