the only difference could be the method of calculation,the next box should be calculated from the previous box reading not the hi/lo reading this is why i use updata.they guarantee that the box calculation method is the correct one.this is a very important factor when you pay for software.as you saw previously that trade navigator has the wrong method of calculation
Holy Grail, or anyone else. I am having terrible results if I buy ( or short) on a pullback after the breakout signal. But great results if I only buy when the price is still in the last box. any comments, same or different results? I use daily high/low not close.
In the last box meaning, just before it breaks out? Can you give an example? I have had good results in my limited trading buying well after the buy signals on down days
After it breaks out, but then pulls back at least one box DF gave a short signal at 18, then pulled back up a box. Buy thinking you may get in at a higher price, before it continues down, but it continues up. Still not stopped out tho.
well if it helps I just added to my long cmi position and short mt position (at 66.4 and 78.8 respectively )
cmi is similiar to what I'm talking about. Mt is in the last box (but well after the breakout signal.) do you have a trailing stop on MT ?
Yeah, if it gets above 80 I'm out Take a look at UYG, this is either a great Long... or Short opportunity .. lol Will this be a failed double top breakout or will it actually BE a double top breakout? (Close values, High/Low shows a breakout already)
It may be a double top breakout, but how far down do you go before you determine you were wrong? this is a pattern I have noticed on quite a few charts that I have been trying to develope into a good signal.. Approx 10 boxes down and right back up (or visa-versa). if it then goes down 3 boxes at some point soon and back up four, buy for a 5 point target. However , I think it only works when it is trending the right way first.
Great thread. A couple questions for those in the know... Is there a free intraday PNF charting service (delayed) available anywhere online? For the paid services you guys are using, it looks like most are using either bulls eye broker or investor RT... does one have advantages over the other?