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Old Mar 22nd, 2008, 08:58 PM   #43
suedeuno
 
 
Join Date: Sep 2004
Posts: 133
Care to explain this a bit more?

Quote:
Quote from HolyGrail:

On intraday, I actually use three chart box sizes. .5, .75, and 1.0
    Quote
Old Mar 22nd, 2008, 09:07 PM   #44
HolyGrail
 
 
Join Date: Jul 2006
Location: Houston, Texas
Posts: 2,803
There are four signals I really like to trade, but sometimes the signals do not appear on my main chart of .75, but they do appear on one of the other charts.

If they appear on the 1.0 chart I know I have to adjust my my target and stops higher. If they appear on the .5 chart I tighten my stops and target.

Many times you will first see a pattern on the .5 and it is repeated on the .75 and finally the 1.0.

I normally don't trade double bottom sell signals, but if I see a triple bottom on the .5, a double bottom on the .75 and a column of 0's on the 1.0 then I am shorting.
    Quote
Old Mar 22nd, 2008, 09:10 PM   #45
sharp10
 
 
Join Date: Feb 2006
Posts: 225
Quote:
Quote from HolyGrail:

There are four signals I really like to trade, but sometimes the signals do not appear on my main chart of .75, but they do appear on one of the other charts.

If they appear on the 1.0 chart I know I have to adjust my my target and stops higher. If they appear on the .5 chart I tighten my stops and target.

Many times you will first see a pattern on the .5 and it is repeated on the .75 and finally the 1.0.

I normally don't trade double bottom sell signals, but if I see a triple bottom on the .5, a double bottom on the .75 and a column of 0's on the 1.0 then I am shorting.
Would you mind posting a ES intraday chart?
Thanks.
    Quote
Old Mar 22nd, 2008, 09:22 PM   #46
MandelbrotSet
 
 
Join Date: Dec 2007
Location: ...
Posts: 7,246
Quote:
Quote from sharp10:

Would you mind posting a ES intraday chart?
Thanks.
When he says 1.00, 0.75 and 0.50 he is referring to the box size of the Pnf chart.

All charts have 3 box reversal (unless using another technique).
Attached Images
File Type: gif chart.gif (35.2 KB, 1846 views)
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Old Mar 22nd, 2008, 09:22 PM   #47
suedeuno
 
 
Join Date: Sep 2004
Posts: 133
so .5, .75 and 1.0 is the timeframe?

I agree on the double bottom sell. The odds are very great for a short term retrace on dbl bottom/top


Quote:
Quote from HolyGrail:

There are four signals I really like to trade, but sometimes the signals do not appear on my main chart of .75, but they do appear on one of the other charts.

If they appear on the 1.0 chart I know I have to adjust my my target and stops higher. If they appear on the .5 chart I tighten my stops and target.

Many times you will first see a pattern on the .5 and it is repeated on the .75 and finally the 1.0.

I normally don't trade double bottom sell signals, but if I see a triple bottom on the .5, a double bottom on the .75 and a column of 0's on the 1.0 then I am shorting.
    Quote
Old Mar 22nd, 2008, 09:25 PM   #48
HolyGrail
 
 
Join Date: Jul 2006
Location: Houston, Texas
Posts: 2,803
First I want to show you that it is important to take trades that have a decent risk reward.

Here is a current chart of aes. Would I have sold at the triple bottom sell signal? No I would not. Why? Because I might still be right but it could take me over 8 boxes before I knew I was wrong and there is support only 4 boxes away.
Attached Images
File Type: png aes.png (61.8 KB, 2101 views)
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