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

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PebbleTrader
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Postby PebbleTrader » Tue Oct 04, 2011 8:46 am

I was just listening to the interview with Jeremy, he mentioned for longer term charts you can EITHER:

-Increase the box size
-Use higher TF data (instead of M1, use M30, M60, etc.)

Something to think about...
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Postby PebbleTrader » Tue Oct 04, 2011 9:22 am

TRO dynamic support/resistance:

Image
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Postby bredin » Tue Oct 04, 2011 11:30 am

Image

the color fan on the right is the first draft of the angles 15-30-45-60-75 in relation to a P&F chart... allowing for the use of known channel angles regardless of the chart scale.

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Postby PebbleTrader » Tue Oct 04, 2011 11:36 am

Interesting,

So, is it just a visual tool, a tracing tool, etc.

How do you use it?
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bredin
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Postby bredin » Tue Oct 04, 2011 11:41 am

grab a line and move it to where you want on the chart ;)

double click to activate a line, shift-drag will copy it.

If I can get this to work with the channel drawing tool I will, but its being a bit difficult at the moment...

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Postby PebbleTrader » Tue Oct 04, 2011 11:54 am

Cool,

If I grab a line, does it regenerate a new one?
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Postby PebbleTrader » Tue Oct 04, 2011 4:31 pm

Image
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Postby PebbleTrader » Tue Oct 04, 2011 4:39 pm

Cumulative count of pips before reversal like so...:

Image
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Postby Jalarupa » Tue Oct 04, 2011 4:40 pm

PebbleTrader wrote:Image


See now these kinds of stats interest me... Loaded TRO Ranges indi onto my charts today just to SEE... and well Its really interesting what one can and does see from these range type stats...

Image

More please ;-)

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Postby cmac813 » Tue Oct 04, 2011 6:08 pm

Here's another question which I know is more of a personal thing I need to work out for myself but I'd appreciate any information you guys think would help me out. I just finished reading the threads on momo and z-lines and since I just finished recently I'm not trading off momo or z-lines profitably, I'm still confused on finding proper entries.

So do you guys think I should focus only on practicing trading with momo and z-lines and then learn more on PnF after trading profitably with momo and z-lines? I don't want to put too much on my plate but at the same time I don't want to not learn about PnF if it will help my trading. I'm new to PnF but I am familiar with SD and I'll just have to see it on the PnF charts now.

I know that's kind of a weird question and something you have to figure out for yourself but I appreciate your guys help.

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