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PebbleTrader
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Postby PebbleTrader » Thu Sep 15, 2011 9:42 am

Jalarupa,

I like it :)

How about an indication to increase or decrease risk with the end result being no loss.

OR

An indication to ask for a better or worse price.

A nice feature for PnF IMHO
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Jalarupa
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Postby Jalarupa » Thu Sep 15, 2011 9:56 am

HaHa PT!

We are definitely seeing a similar story...

Breakout confirmation of 2 boxes is good assurance that you are on the correct side... Or not... Also spotting profit getting zeroed is also greatly enhanced...
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

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Postby Jalarupa » Thu Sep 15, 2011 9:59 am

Jalarupa wrote:HaHa PT!

We are definitely seeing a similar story...

Breakout confirmation of 2 boxes (5x3 or 2) is good assurance that you are on the correct side... Or not... Also spotting profit getting zeroed is also greatly enhanced...


Sorry pushed wrong button... Touch screen issues...

Yes, I thought about it and the box size is definately a huge factor in breakout analysis.

I was basing mine on a 5x3 chart...
Last edited by Jalarupa on Thu Sep 15, 2011 10:03 am, edited 1 time in total.

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Postby PebbleTrader » Thu Sep 15, 2011 9:59 am

Depending on the breach setting, we are talking 3, 5, 7, or even 9 pips.
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Postby PebbleTrader » Thu Sep 15, 2011 10:19 am

Right,

A breach will be less valuable as box size decreases.
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Postby Jalarupa » Thu Sep 15, 2011 10:32 am

Now we just need one of our uber coders to chalk up a indi that behaves correctly and has an adjustable breach setting, etc.

I'll commit to a donation for said indi, once it passes PT quality control survey ;)
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

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Postby PebbleTrader » Thu Sep 15, 2011 10:33 am

I don't mean to imply that I am throwing everything else out the window.

All the other stuff still applies.

It's not like I've got full screen PnF on my monitor and I'm hitting the buy and sell buttons off of the PnF.

Think of it as a "supplemental map" to your "destination".
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Postby Jalarupa » Thu Sep 15, 2011 10:39 am

PebbleTrader wrote:I don't mean to imply that I am throwing everything else out the window.

All the other stuff still applies.

It's not like I've got full screen PnF on my monitor and I'm hitting the buy and sell buttons off of the PnF.

Think of it as a "supplemental map" to your "destination".


All the other stuff applied to this is what makes it so powerful!

It gives wonderful confirmations of what I believe to be true, or false.

so yes, a great bit of artillery for the fight.

Bombs Away :smt073 :P

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Postby PebbleTrader » Thu Sep 15, 2011 11:17 am

Image

You guys seen Bredin's new db?

It's pretty brilliant. It dollarizes the average daily range and then divides by required margin to produce a %ROI. Also shows the spread as %LOI (percent loss). Then it sorts and presents it to you in a color scale.

Do we care about range or dollars $$$ !? :!: :?: :shock:

It's showing you which pairs will make you the most money.
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Postby PebbleTrader » Thu Sep 15, 2011 11:20 am

"All the other stuff applied to this is what makes it so powerful! "

YES SIR!
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