so far ,very good.been using p/f for 3 years now. better still,since i have been using holygrail consecutive rule. this rule has made me more relaxed about my trading and saves me time when looking for trades
backtesting in my opinion...dont waste youre time the results will vary according to the phase of the market as a whole so .for example: long positions will have had a better follow thru between march 2003 and march 2007.hence bullish % etc must be in the calculation eyeballing is the best way
backtesting... updata technical anlyst does have an optimisation programme.it will optimise the box size and reversal over a time period that has been put in by the user.it is optimising for maximum profit imo it is better to eyeball yayt:everybody wants to know the most profitable system.once they get wind of it.they go crazy thinking it is the holygrail as you know there are thousands of systems/all profitable. the only way i can put my point across is that p/f and will give you the most amount of information about an instrument and its volatility.what you do with this information is up to you trading is all about working with incomplete information.the more you have the better decisions are made.there is no shortcut
Wondering if anyone can post an up-to-date 1x3 P&F of ES? Would be interesting to see how this rally stacks up through P&F shades. Thanks, Osorico [on vacation]
Not as nice as HooLee's (PnF is not Ensigns strongsuit), but here's 1x3 of ES 15 minute, expanded out a bit.
Today is a perfect example as to why you should never trade ES if NQ is not matching it. If nq is up and es is down it will be a choppy day, and vice versa. Anyone who tried to trade a trend today got destroyed.