Learning to read Price Action with P&F Charting

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]
 
ES 1x3
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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.
 
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