Sacrophage wrote:And for targeting, go for 100% of the Median range for the TF, or of the highest TF that is aligned with your direction? Or, stay classical, no exit until first opposite signal?
Other observation, coming into all but the largest of cones (to pull back X # of P&F boxes) on a smaller tf bar chart, P&F will tell you to hold and trade through the cone in the direction of the last breakout.
If the intraday box size is RANGE/20 then I would expect to see price move to within a range of 12.5 to 26.5 boxes from one extreme or the other.
I will not be using the "first opposite signal" rule, I think that I can do better than that
I don't have everything figured out for P&F, but I am working as quickly as I can to answer my own questions