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

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PebbleTrader
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Postby PebbleTrader » Wed Oct 05, 2011 3:38 am

"channel or trendlines in PnF are usually(always?) drawn in 45 degree angle."

I CARE NOT if my angle = 45*

I CARE that my angle captures support or resistance...
Life is just a journey

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Postby PebbleTrader » Wed Oct 05, 2011 3:54 am

Which ones do you like Belkin?

10x2, 10x3, 5x2, 20x3?
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Postby PebbleTrader » Wed Oct 05, 2011 5:00 am

"People make trading harder than it has to be... "

I think also it is about walking down PATHS that lead NOWHERE.
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Postby bredin » Wed Oct 05, 2011 5:21 am

yes, the angle indi will eliminate the MT4 angle stupidity :)

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Postby zhaozilong » Wed Oct 05, 2011 5:25 am

PebbleTrader wrote:"I may have to add all the angles into the fan, my quick play found it hard to fit any of them to my charts... it also might just be me"

Jalarupa and I were working on creating a diamond in Excel that would hold all the angles. It was taking me a bit of time to get it all drawn in there. I took a break and during the break I was thinking about how I would use it. It was at that time, I determined it was WORTHLESS.

What made the most sense was to just use your drawn angles with MB Ruler (Love that tool!).

Now, with MT4 and scaling, the angles get all screwed up and moved around. I think that's what your indi is trying to overcome though right?


Hello PebbleTrader,

when you say creating a diamond, are you doing something like Diamonetrics by Charles Cottle?


best regards.

-zhao

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Postby PebbleTrader » Wed Oct 05, 2011 5:30 am

Not sure if its the same as that or not, but it's a diamond that holds all the major angles in both directions.

Do a search for "diamond of perception" on this site.
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Postby zhaozilong » Wed Oct 05, 2011 6:17 am

PebbleTrader wrote:Not sure if its the same as that or not, but it's a diamond that holds all the major angles in both directions.

Do a search for "diamond of perception" on this site.


Hello PebbleTrader,

many thanks, will take a look.

here is an implementation in Excel, DiamondWise Excel Chart

best regards.

-zhao

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Postby PebbleTrader » Wed Oct 05, 2011 6:56 am

Zhao,

That looks like a similar concept.

But the diamond MO talks about has more than just the same angle in a grid.
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Postby Belkin » Wed Oct 05, 2011 11:42 am

PebbleTrader wrote:Which ones do you like Belkin?

10x2, 10x3, 5x2, 20x3?



For intraday 5 x 2 seems to be great.. Looks like you can catch the moves easily.
FOr long term i am still undecided. I think 10 x 3 seems better for my taste

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Postby Belkin » Wed Oct 05, 2011 11:56 am

5 x 2 gave to excelente green rat and red rat trades again today....


gonna post charts later

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