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Earl et al,
It's been a while since I sent a chart to RT's. It's also been a while since
I looked much at P&F so I just drew up this intra-day chart of US 9H
(T-Bonds for you stock guys).
Looking carefully at the chart you can see some red and blue arrows (red
{sells}, blue {buys}) that I put next to the box where you would sell or buy
based on some patterns like, Double tops/bottoms or Tripple t/b, Bullish
and Bearish Catapult Formation, and Bullish and Bearish Signal Formation.
I also included some standard fibonacci retracement levels and some lines
for fun.
You like? I kinda do.
Brent
-----Original Message-----
From: Earl Adamy <eadamy@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Friday, February 05, 1999 12:51 PM
Subject: Re: GEN: What P&F Box Sizes?
>What triggers does one use for entry/exit when using P&F. I would think one
>would end up entering on breakouts and getting whipsawed quite a bit,
>especially in the s&p. Can one apply the same Fibonacci, pattern and
>formation techniques used on bar charts? Obviously, my P&F knowledge can
fit
>on the head of a pin.
>
>Earl
>
>-----Original Message-----
>From: Steve Mcguire <netvest@xxxxxxxxx>
>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>Date: Friday, February 05, 1999 9:46 AM
>Subject: Re: GEN: What P&F Box Sizes?
>
>
>>Rob,
>>
>>You're on the right track with P&F. I use 4 point boxes on the S&P,
thought
>>I've seen other use 5 or 10. On low price stocks you have to try different
>>size boxes to see what works best. Below $20 you might use 1/2 point or 50
>>cents. When you get below $10 I have no idea as I've never tried P&F on
>>these.
>>
>>My experience has been on using P&F in futures and I can honestly say it
>has
>>turned my trading around. After 30 years in the business, I use nothing
>>else.
>>
>>
>>
>>Rob Fletcher wrote:
>>
>>> Could someone please give me an idea of the correct box sizes for P&F
>>> boxes. Not in fractions, I trade on the Australian market in dollars and
>>> cents. I mainly trade in Gold shares where the market price range is
>>> from say 10c to $5. For example if you were plotting a stock that has an
>>> extreme range let's say of $2.50 to 10c what box size would you use?
>>>
>>> I also trade SPI FUTURES (SnP equivalent in Australia), currently it's
>>> trading in the 2900's and a range of 40 points a day is not uncommon at
>>> the moment. What box size would you use in that market.
>>>
>>> I know the box size makes a lot of difference as I've tried a few with
>>> just a few cents difference and suddenly a double bottom appears where
>>> one wasn't before.
>>> I've tried posting something at the dorseywright.com forum, but it
>>> appears they don't let someone on a two week trial post messages.
>>>
>>> As you might have guessed I've only just started looking at P&F, but
>>> from all the TA I've investigated, this method seems very promising.
>>> Thanking anyone in anticipation.
>>> Rob
>>
>
>
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