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

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PebbleTrader
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Postby PebbleTrader » Fri Sep 30, 2011 1:03 pm

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Postby PebbleTrader » Fri Sep 30, 2011 3:24 pm

How to make your entry columns stick out like a 'thumb'

:smt023 (thumb)

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Postby PebbleTrader » Fri Sep 30, 2011 3:26 pm

The formula is simple...

Connect your higher highs in the uptrends.

Once you get your first lower high AFTER the uptrend.

Then you start connecting ONLY lower highs and SKIP any higher high.

The lines connect green column tops only.
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Postby PebbleTrader » Fri Sep 30, 2011 3:32 pm

We might just have to create a thread for "How To Make Sucky PnF Charts More Challenging..."

:)
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Postby Jalarupa » Fri Sep 30, 2011 3:39 pm

PebbleTrader wrote:We might just have to create a thread for "How To Make Sucky PnF Charts More Challenging..."

:)


Okay... but the rules are that you are not allowed to use DOP or CC's :lol:

Cause really, this is just ridiculous...

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Postby PebbleTrader » Fri Sep 30, 2011 3:50 pm

DOP :smt023

I haven't figured out how to use the 3xCC PnF yet.

I turned on the box columns with the 3 x CC and studied it.

I am wondering if we need to re-engineer how it combines/draws?

I don't have a clue how to actually use it. (I have studied how you guys use them for combining candles and understand the concept...)

Feel free to mark up some 3 x CC PnF how you are using it.

Even more confusing for me was 3 x Lines. :)

So far I have just been combining discretionary
Last edited by PebbleTrader on Fri Sep 30, 2011 4:19 pm, edited 1 time in total.
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Postby MightyOne » Fri Sep 30, 2011 3:56 pm

The way you use 3xCC on a time chart is the same way you use it on a P&F chart...

COMPARISONS.

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Postby Jalarupa » Fri Sep 30, 2011 3:59 pm

Well I'm busy getting a handle on it... use another donational called 3Xcc LIS to get a timer of which CC will close next (although the time wont be accurate you'll atleast know which one will close next). combine it with the fractals indi and you'll see some interesting things... manly along the lines of support and resistance... as well as MOMO obviously

[edit] - oh yeah totally MO :)

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Postby PebbleTrader » Fri Sep 30, 2011 4:22 pm

"The way you use 3xCC on a time chart is the same way you use it on a P&F chart...

COMPARISONS."

I thought it was more for determining leader/follower but to me that can easily get thrown off...

I'll look at it some more with COMPARISON in mind...
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Postby PebbleTrader » Fri Sep 30, 2011 4:29 pm

Have you guys actually studied the 3 x CC with the background boxes/columns on to see how the CC's relate to the actual boxes and how it is drawing them?

It was when I did that, that things didn't make sense. With the PnF boxes removed and all you see is CC's then it looks interesting...but I'm wondering if it's for the wrong reasons?
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