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Old Mar 22nd, 2008, 08:04 PM   #31
sharp10
 
 
Join Date: Feb 2006
Posts: 225
HG, Thanks very much for the Thread.
Since I have never used P&F charts before, what are the settings to plot on a daily chart. And can they be used for shorter time frames?

Thanks again.
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Old Mar 22nd, 2008, 08:07 PM   #32
HolyGrail
 
 
Join Date: Jul 2006
Location: Houston, Texas
Posts: 2,803
I forgot to mention what the numbers in the columns represent in the charts. It just represents the month. You have 1-9 which represent January thru September, and you have a b c which is October, November, and December.
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Old Mar 22nd, 2008, 08:13 PM   #33
atonix
 
 
Join Date: Jun 2007
Posts: 75
This is all very interesting. I've never taken the time to learn P&F, but I think I will now. Thanks.
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Old Mar 22nd, 2008, 08:13 PM   #34
HolyGrail
 
 
Join Date: Jul 2006
Location: Houston, Texas
Posts: 2,803
Quote:
Quote from sharp10:

HG, Thanks very much for the Thread.
Since I have never used P&F charts before, what are the settings to plot on a daily chart. And can they be used for shorter time frames?

Thanks again.
Time is of no consequence on a pnf chart. A daily chart looks exactly the same as a monthly chart. The only difference is box sizes that you choose to use. If you use the standard box sizes a monthly chart will look the same as a daily chart.

You should not use the standard box size for intraday trading.

For example on ES the standard is a 20 point box. This is fine for daily or weekly trading but not for intraday.

On intraday, I actually use three chart box sizes. .5, .75, and 1.0
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Old Mar 22nd, 2008, 08:16 PM   #35
BosyBillups
 
 
Join Date: Aug 2007
Posts: 88
What are your average holding times for each position? Looks like they can be held for weeks if the movement is small.
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Old Mar 22nd, 2008, 08:17 PM   #36
sharp10
 
 
Join Date: Feb 2006
Posts: 225
Quote:
Quote from HolyGrail:

Time is of no consequence on a pnf chart. A daily chart looks exactly the same as a monthly chart. The only difference is box sizes that you choose to use. If you use the standard box sizes a monthly chart will look the same as a daily chart.

You should not use the standard box size for intraday trading.

For example on ES the standard is a 20 point box. This is fine for daily or weekly trading but not for intraday.

On intraday, I actually use three chart box sizes. .5, .75, and 1.0
Thanks HG, I guess I better start from the basics.
Look forward to your posts.
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