Comments on: PnF for Dummies http://www.movethemarkets.com/blog/2007/05/29/pnf-for-dummies/ Futures Trading, Custom Programming, and Commentary Fri, 05 Mar 2010 06:12:03 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: john http://www.movethemarkets.com/blog/2007/05/29/pnf-for-dummies/comment-page-1/#comment-3148 john Wed, 30 May 2007 06:14:37 +0000 http://www.movethemarkets.com/blog/2007/05/29/pnf-for-dummies/#comment-3148 vincent: yeah, i forgot to change it to three...i use ib for the data feed, and it wouldn't be the first time it was off...thanks for the input richard: i'll keep posting with the settings i have for now...if u notice something interesting with another setup, let me know vincent: yeah, i forgot to change it to three…i use ib for the data feed, and it wouldn’t be the first time it was off…thanks for the input

richard: i’ll keep posting with the settings i have for now…if u notice something interesting with another setup, let me know

]]> By: Richard http://www.movethemarkets.com/blog/2007/05/29/pnf-for-dummies/comment-page-1/#comment-3138 Richard Wed, 30 May 2007 03:07:54 +0000 http://www.movethemarkets.com/blog/2007/05/29/pnf-for-dummies/#comment-3138 Hey Vincent. I guess you are a lurker on wallstreak, or you post anonymous so I can't see it (I've got anonymous blocked). Hey Vincent. I guess you are a lurker on wallstreak, or you post anonymous so I can’t see it (I’ve got anonymous blocked).

]]> By: Vincent http://www.movethemarkets.com/blog/2007/05/29/pnf-for-dummies/comment-page-1/#comment-3136 Vincent Wed, 30 May 2007 02:57:18 +0000 http://www.movethemarkets.com/blog/2007/05/29/pnf-for-dummies/#comment-3136 hey tapeworm, i like your idea of keeping pnf charts of various plays. i've been using them since richard first mentioned them on wallstreak. i've found they they're great for setting trailing stops. i noticed a couple things about today's chart. my apologies for coming off as picky. your data for av seems to be a bit off. it never hit 16.65, even tho thats what's showing for the daily high. i think it was a misprint. the HOD on my charts is 15.88 @ 12:55ish. the chairman has a similar chart. the settings on your pnf is at 0.05/1 instead of 0.05/3 you mentioned in your post. hey tapeworm,
i like your idea of keeping pnf charts of various plays. i’ve been using them since richard first mentioned them on wallstreak. i’ve found they they’re great for setting trailing stops.

i noticed a couple things about today’s chart. my apologies for coming off as picky.

your data for av seems to be a bit off. it never hit 16.65, even tho thats what’s showing for the daily high. i think it was a misprint. the HOD on my charts is 15.88 @ 12:55ish. the chairman has a similar chart.

the settings on your pnf is at 0.05/1 instead of 0.05/3 you mentioned in your post.

]]> By: Prospectus http://www.movethemarkets.com/blog/2007/05/29/pnf-for-dummies/comment-page-1/#comment-3135 Prospectus Wed, 30 May 2007 02:54:12 +0000 http://www.movethemarkets.com/blog/2007/05/29/pnf-for-dummies/#comment-3135 I was just wondering if you did price-based alerts or something more automatic. I didn't know that trendline alerts worked without a chart up. I was just wondering if you did price-based alerts or something more automatic. I didn’t know that trendline alerts worked without a chart up.

]]> By: Richard http://www.movethemarkets.com/blog/2007/05/29/pnf-for-dummies/comment-page-1/#comment-3133 Richard Wed, 30 May 2007 02:23:06 +0000 http://www.movethemarkets.com/blog/2007/05/29/pnf-for-dummies/#comment-3133 by right-clicking on the watchlist, and adding a new alert to the stock. It's almost always an alert for crossing a price I select. On rare occasions I also do trendline alerts, which work even if the chart is not up. by right-clicking on the watchlist, and adding a new alert to the stock. It’s almost always an alert for crossing a price I select. On rare occasions I also do trendline alerts, which work even if the chart is not up.

]]> By: Prospectus http://www.movethemarkets.com/blog/2007/05/29/pnf-for-dummies/comment-page-1/#comment-3132 Prospectus Wed, 30 May 2007 02:14:58 +0000 http://www.movethemarkets.com/blog/2007/05/29/pnf-for-dummies/#comment-3132 How do you set up the alerts? How do you set up the alerts?

]]> By: Richard http://www.movethemarkets.com/blog/2007/05/29/pnf-for-dummies/comment-page-1/#comment-3130 Richard Wed, 30 May 2007 02:00:15 +0000 http://www.movethemarkets.com/blog/2007/05/29/pnf-for-dummies/#comment-3130 So far, I've been happy enough holding the reversal count to one. I do this because that way I can find entries with conservative 4-box stops. I have been meaning to play with smaller boxes + larger reversal counts, but haven't yet. What I do, is I have three intraday pnf charts on my screen, all linked so they always show the same symbol. The charts use box sizes 0.05, 0.10, and 0.15. So, whenever I look at a symbol, I just pick the chart that looks cleanest. I also have the daily pnf, and a 30' chart all linked to that symbol. And, I keep PnFs of QQQQ and DIA up at all times. So, I only look at one stock at a time, normally. I "watch" multiple charts via alerts that tell me if a stock's worth checking out again. I do leave space on my screen for 3 more intraday charts if I do want to leave a couple stocks up, but I rarely use it. So far, I’ve been happy enough holding the reversal count to one. I do this because that way I can find entries with conservative 4-box stops. I have been meaning to play with smaller boxes + larger reversal counts, but haven’t yet.

What I do, is I have three intraday pnf charts on my screen, all linked so they always show the same symbol. The charts use box sizes 0.05, 0.10, and 0.15. So, whenever I look at a symbol, I just pick the chart that looks cleanest. I also have the daily pnf, and a 30′ chart all linked to that symbol. And, I keep PnFs of QQQQ and DIA up at all times.

So, I only look at one stock at a time, normally. I “watch” multiple charts via alerts that tell me if a stock’s worth checking out again. I do leave space on my screen for 3 more intraday charts if I do want to leave a couple stocks up, but I rarely use it.

]]> By: john http://www.movethemarkets.com/blog/2007/05/29/pnf-for-dummies/comment-page-1/#comment-3129 john Wed, 30 May 2007 01:49:58 +0000 http://www.movethemarkets.com/blog/2007/05/29/pnf-for-dummies/#comment-3129 yeah, that is probably true...if u can think of a setting that would work, let me know...the settings i use for the different futures contracts are extremely different my thinking is that i wanted it to be consistent, or otherwise it could be extremely difficult to manage a stock watchlist using pnf...when asked about a stock in wallstreak, do u pull up a pnf chart? if so, do u use a standard setting? my main goal is consistency if that is possible yeah, that is probably true…if u can think of a setting that would work, let me know…the settings i use for the different futures contracts are extremely different

my thinking is that i wanted it to be consistent, or otherwise it could be extremely difficult to manage a stock watchlist using pnf…when asked about a stock in wallstreak, do u pull up a pnf chart? if so, do u use a standard setting? my main goal is consistency if that is possible

]]> By: Richard http://www.movethemarkets.com/blog/2007/05/29/pnf-for-dummies/comment-page-1/#comment-3128 Richard Wed, 30 May 2007 01:46:32 +0000 http://www.movethemarkets.com/blog/2007/05/29/pnf-for-dummies/#comment-3128 That's a great idea. I'm skeptical that 0.05/3 will always work well, but we'll see! That’s a great idea. I’m skeptical that 0.05/3 will always work well, but we’ll see!

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