Dentalfloss
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getting close to breaking the trendline

spx ..60 min
1 box reversal
is it going to stay under the trendline..??
or go above.we need to see the retrace stay above the trendline for a good break upwards
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Any thoughts on EUR/USD guys? Hourly chart showing it clearly broken out of the downtrend posted earlier. Now in a possible trading range between 1.47 and 1.485?
box size can be any number.stockcharts have a nice one.you can input the box size which can be calculated from the 20 period atr.it is good to start with from that point and then work from there
dont use log box size on lower timeframes usually.mainly on the daily
it does not counter what duplessis says.Interesting, runs counter to what Du Plessis says on box size but, hey ho, whatever works.
P&F don't have timeframes per se - reducing box size effectively gives you more sensitivity.
it does not counter what duplessis says.
reducing box size makes the columns too long.charts are unreadable and useless.if columns become too long ,then drop down a timeframe
that cannot be rightI beg to differ - p287. Do not use odd box sizes or any number between the standard sizes.
that cannot be right
scan the page and post it.you have to have odd box sizes to really see the price action...sometimes
What do you mean by drop down a timeframe - daily to hourly to tick etc?
ig have p/f charts...free alsoI would if I had a scanner....😢 He says the same thing a few times in his book.
To really see the price action use tick data with a one box reversal. After all, P&F came about from tape reading.
Any idea where I can get hold of an add in for Excel that will produce P&F charts? XOCharts have one but it doesn't do one box reversals apparently.
I beg to differ - p287. Do not use odd box sizes or any number between the standard sizes.