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

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PebbleTrader
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Postby PebbleTrader » Thu Sep 22, 2011 7:34 pm

One last thought,

There were a few places I might have used discretion.

If price came super close to a level, I might have counted it has hitting the level, even though it was just 0.00001 away from the level. Know what I'm saying?

I think I might have noticed a few areas like this that were off between Jala and mine when I was looking over his spreadsheet data, it was at an area that "discretion" might have been used (quick 20p spike up, did they count it as reversal?, Was it borderline of being a reversal?, etc.)

Maybe this is more our issue than data feeds?

I guess if we are going to be sharing data and comparing we all need to have the same plotting rules.
Last edited by PebbleTrader on Thu Sep 22, 2011 7:38 pm, edited 1 time in total.
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Postby PebbleTrader » Thu Sep 22, 2011 7:36 pm

Ok, now that I think about it more, it is probably a combo of all :)
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Postby lazygeorge » Thu Sep 22, 2011 7:44 pm

PebbleTrader wrote:One last thought,

There were a few places I might have used discretion.

If price came super close to a level, I might have counted it has hitting the level, even though it was just 0.00001 away from the level. Know what I'm saying?

I think I might have noticed a few areas like this that were off between Jala and mine when I was looking over his spreadsheet data, it was at an area that "discretion" might have been used (quick 20p spike up, did they count it as reversal?, Was it borderline of being a reversal?, etc.)

Maybe this is more our issue than data feeds?

I guess if we are going to be sharing data and comparing we all need to have the same plotting rules.



I hear what your saying PT.

Just to say that i did not use any "discretion" whatsoever :)

I was very very strict :lol: kinda like"if your name aint down,you aint comin in" if you catch my drift :lol:

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Postby PebbleTrader » Thu Sep 22, 2011 7:45 pm

Interesting experiment would be to allow for a tolerance of +/- 1pip, when plotting near a level.

I bet all our charts would be more close...Just a thought...
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Postby Jalarupa » Thu Sep 22, 2011 7:47 pm

So we should get sharing... :P

Guys please make your charts avail at the end of business tomorrow and I'll consolidate them into a master chart over the weekend...

Also side note... The chart data I timelasped and promised is over 4 hours long with 4X speed so I donno... do you still wanna see it>? cause I can make it avail as soon as my ISP reloads my bandwidth for next month... Yes South Africa is a bandwidth impoverished nation of monopolies controlling telecomms to fill their fat cat pockets... I wanna drain them... DRAIN THEM ALL!!!!

soon... :)
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Postby PebbleTrader » Thu Sep 22, 2011 7:48 pm

I was pretty strict most of the time, except for when there was just this SUPER TINY FAINT LITTLE SPACE at a level, then my thought was, "it's so close and the feeds aren't quite that surgical in precision :), it would make more sense to count it than not count it, we are talking close to 10pips by counting it..."

In other words, it is giving me a clearer picture by counting it, then not counting it. Make sense?

I just want RESULTS!
Last edited by PebbleTrader on Thu Sep 22, 2011 7:52 pm, edited 2 times in total.
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Postby PebbleTrader » Thu Sep 22, 2011 7:50 pm

No, not if it's 4 hours long :), How bout a report of what you saw instead?

That sucks, I didn't know they limited bandwidth :(
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Postby Jalarupa » Thu Sep 22, 2011 7:54 pm

Okay... I'll do segmented reports then :)

But yeah those will only come next month... :(
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Postby PebbleTrader » Thu Sep 22, 2011 8:01 pm

Bredin,

We might want to have a Tolerance Parameter for the indi, I think it would give us all a similar plot.

Say it's 1/2 a pip tolerance or whatever just throwing that out there:

Pebble is at 1.34005
LazyGeorge is at 1.34000
Jalarupa is at 1.33995

With 0.00005 tolerance near a level, it would put us all at the same level.

Make sense?
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Postby lazygeorge » Thu Sep 22, 2011 8:22 pm

Good suggestion PT.....

If its a 5 digit broker then 1.34895 is 1.3490

1.34894 is not counted as 1.3490

similarly on the downside..

1.34804 is counted as 1.3480

1.34806 is not counted as 1.3480

0.00005 as tolerance is a starting point i suppose :P

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