Dentalfloss
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Then flick to the bar chart to see if your trend analysis was right
I abandoned BEB some time ago as I couldn't get any support from the seller. I do like yr new approach and it makes a sort of sense...but the p&f I'm using is pretty much OK for me as it's on a platform I use to trade as well so I'm not deprived. I think the line/bar charts do enhance things but I'm not yet at a stage where I can "see" the raw timeless pa behind the chart. More hours and less distractions needed.Just wanted to update this thread.
I got very frustrated having to run to the Bulls eye to analyse a chart.I messed about with Line and bar charts to see if i could adapt the p/f method to that form of charting,meaning i could use any charting software
One thing about p/f i did not particularly like was all the fiddling with box sizes and reversalsI abandoned BEB some time ago as I couldn't get any support from the seller. I do like yr new approach and it makes a sort of sense...but the p&f I'm using is pretty much OK for me as it's on a platform I use to trade as well so I'm not deprived. I think the line/bar charts do enhance things but I'm not yet at a stage where I can "see" the raw timeless pa behind the chart. More hours and less distractions needed.
yeh, wot he sed!How do you determine what a 45 Degree line is on a time based chart? I would have thought it impossible. You could express gradient as points per hour for example but if you draw what looks like a 45 degree line and then stretch or shrink either axis, or indeed change time frame, it's no longer a 45 degree line! I'm confused.com
The 45 degree lines are from the top/bottom or any other reaction point.They are a projection of the trend..no more and are usually nearly specific to that timeframeHow do you determine what a 45 Degree line is on a time based chart? I would have thought it impossible. You could express gradient as points per hour for example but if you draw what looks like a 45 degree line and then stretch or shrink either axis, or indeed change time frame, it's no longer a 45 degree line! I'm confused.com
I can understand that from a P&F perspective but I can't understand how that translates on a time based chart. Yes, you can draw a 45 degree line in ProRealTime but if you adjust either axis, it's no longer a 45 Degree line. And I understand that the purpose of drawing lines is to help determine who has control, it's just the 45 degree bit that has me baffled !The 45 degree lines are from the top/bottom or any other reaction point.They are a projection of the trend..no more and are usually nearly specific to that timeframe
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Here lies the secret.I can understand that from a P&F perspective but I can't understand how that translates on a time based chart. Yes, you can draw a 45 degree line in ProRealTime but if you adjust either axis, it's no longer a 45 Degree line. And I understand that the purpose of drawing lines is to help determine who has control, it's just the 45 degree bit that has me baffled !