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

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bredin
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Postby bredin » Sat Sep 24, 2011 5:10 am

Image

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.
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Postby PebbleTrader » Sat Sep 24, 2011 5:29 am

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Postby PebbleTrader » Sat Sep 24, 2011 5:31 am

"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?
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Postby PebbleTrader » Sat Sep 24, 2011 5:40 am

Or is it this?

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Postby PebbleTrader » Sat Sep 24, 2011 5:50 am

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.
Last edited by PebbleTrader on Sat Sep 24, 2011 5:58 am, edited 1 time in total.
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Postby PebbleTrader » Sat Sep 24, 2011 5:56 am

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?
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Postby PebbleTrader » Sat Sep 24, 2011 6:11 am

"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" :)
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bredin
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Postby bredin » Sat Sep 24, 2011 6:18 am

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 :lol:

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.

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Postby Jalarupa » Sat Sep 24, 2011 6:31 am

PebbleTrader wrote:"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...

Image

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

Image

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

Image

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

Image

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

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Postby Jalarupa » Sat Sep 24, 2011 6:35 am

PebbleTrader wrote: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...

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