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

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
Jalarupa
rank: 1000+ posts
rank: 1000+ posts
Posts: 1300
Joined: Tue Feb 23, 2010 5:50 pm
Reputation: 324
Location: South Africa
Gender: None specified

Postby Jalarupa » Wed Sep 21, 2011 8:09 am

PebbleTrader wrote:Jala,

I guess I'm still not really sure what your colored "pipes" are on the left and right side of the PnF? You say it's daily MZ? What are the "knobs" sticking out of the pipe?


Lol knobs... Sorry Bevis and Butthead moment ;)

That's basically the 50% 38.2% and 23.6% retracements into the mighty zone which as we know in Forex that 61.8% and 75% retracements off the highs are great levels to get back into the game and push for continuation in the direction of profit.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1633
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 15
Gender: Male

Postby PebbleTrader » Wed Sep 21, 2011 8:53 am

I see, thanks for explanation :)
Life is just a journey

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1633
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 15
Gender: Male

Postby PebbleTrader » Wed Sep 21, 2011 6:02 pm

I am experimenting with breaches from the start of the week...

Here I show how many pips the box was breached by (1 through 9) in blue font:

Image
Life is just a journey

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1633
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 15
Gender: Male

Postby PebbleTrader » Wed Sep 21, 2011 6:03 pm

Here I am showing the same breaches only I am removing the numbers and plotting a blue box instead.

This would also be a breach setting of 10%-90% allowed:

Image
Life is just a journey

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1633
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 15
Gender: Male

Postby PebbleTrader » Wed Sep 21, 2011 6:05 pm

Here I am showing the same breaches only I am removing the numbers and plotting a blue box instead.

Now I am only plotting breach's with a setting of 50%-90% allowed:

Image
Life is just a journey

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1633
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 15
Gender: Male

Postby PebbleTrader » Wed Sep 21, 2011 6:07 pm

It's showing how far price is reaching/extending and where.

Via a setting you define (10% up to 90%)
Life is just a journey

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1633
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 15
Gender: Male

Postby PebbleTrader » Wed Sep 21, 2011 6:11 pm

Now I am only plotting breach's with a setting of 70%-90% allowed!:

Getting more strict!

Image
Life is just a journey

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1633
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 15
Gender: Male

Postby PebbleTrader » Wed Sep 21, 2011 6:15 pm

Now that we have gotten more strict with the breach setting, hmmmmmmm:

Image

What ah beauty

:) :!:
:shock:
Life is just a journey

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1633
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 15
Gender: Male

Postby PebbleTrader » Wed Sep 21, 2011 6:31 pm

I can't believe I just wasted 30 minutes creating this PnF chart!

What a waste!!!

Moving on to something else that is not so sucky!!!

:D
Life is just a journey

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1633
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 15
Gender: Male

Postby PebbleTrader » Wed Sep 21, 2011 6:42 pm

PS...For those that have picky eyes, I did not update the intensity color levels yet!!! So those are not accurate...
Life is just a journey

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”