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

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PebbleTrader
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Postby PebbleTrader » Sat Sep 24, 2011 6:38 am

Bredin,

Can you clarify,

I'm trying to relate this to my PnF charts...

So in my second picture, when price hits a new price level, now going over to your charts and PnF indi, is that new price level sweet spots gold dashed lines or is it the top and bottom of the red boxes I drew in?
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Postby PebbleTrader » Sat Sep 24, 2011 6:40 am

Thanks for sharing your ideas Jalarupa,

Often times, creative, just means taking an old idea and coming up with new ways to apply it. :)

We don't have to come up with a NEW IDEA that has never been done before. This NEW IDEA would revolutionize EVERYTHING.

^------Those are rare and not worth only accepting those type of ideas ONLY
Last edited by PebbleTrader on Sat Sep 24, 2011 6:47 am, edited 1 time in total.
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Postby PebbleTrader » Sat Sep 24, 2011 6:45 am

"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. "

Thanks.

I'm not sure if If/Then will work real well since TIME is what allows the line to be crossed and returned. Maybe only "No Touch" lines with PnF?
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Postby PebbleTrader » Sat Sep 24, 2011 6:51 am

Bredin,

I would be interested in the indi displaying breach's, but also would want them to be able to be turned off as well.

The larger the box size, the more valuable this information becomes.
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Postby PebbleTrader » Sat Sep 24, 2011 7:01 am

Here is a CREATIVE PNF exercise you can do:

Sit down in a comfy place/environment, TIME WILL BE IRRELEVANT (just like in PnF!) for this exercise, and come up with 20 ideas for PnF. You can not get up until you have AT LEAST 20 ideas. It doesn't matter how good or bad the ideas are. Don't dwell on any particular idea too long, just move on and keep the flow going.

When you come up with 20, you may get up or keep flowing.

Review the ideas and there will probably be at least 1 idea that you might want to pursue further.

:idea::idea::idea::idea::idea::idea::idea::idea::idea::idea::idea::idea:
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Postby PebbleTrader » Sat Sep 24, 2011 7:11 am

^---------------It is unfortunate that ALMOST NONE OF YOU will do this exercise or you WILL QUIT before you reach just 20 ideas :shock:

:roll:
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Postby PebbleTrader » Sat Sep 24, 2011 7:17 am

If you generate 20 ideas and determine they are all 20 bad ideas...

You have just determined 20 ways that YOU DO NOT WANT TO USE WITH PNF.

WIN WIN!
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Postby PebbleTrader » Sat Sep 24, 2011 8:31 am

Here is MO's USDCAD:
http://i54.tinypic.com/28lc4sp.png

Here is the autogenerated one from M1 export of MT4:
http://i54.tinypic.com/nfr6m0.png

As you can see they are almost identical in all but just a few places, I circled one of them.

I went back to that area on the M1 charts to review. I'm not saying that MO messed up, he would have to go back and check that area in his charts from his feed. But here was the area from my M1 charts which shows the autogenerated chart was correct:
http://i56.tinypic.com/282hq3k.png
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Postby Jalarupa » Sat Sep 24, 2011 8:38 am

Question PT... seeing as MT4 is only capable of (i donno) a weeks worth of M1 data, what is the time frame for copy and paste into another chart, so that you get a continuous flow of data?
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Postby PebbleTrader » Sat Sep 24, 2011 8:42 am

Hey Bredin,

It would be cool if you could post the same chart range as you can see in the above USDCAD PnF's from MO and I but from your indi, just to compare them all side by side.

From 9/12 to present.
Last edited by PebbleTrader on Sat Sep 24, 2011 9:02 am, edited 1 time in total.
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