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P&F is P&F

Chartcraft is well known

But did not invent P&F or three box reversal charts even..

There recommened box sizes

Do not work on our markets or stocks

With $100 stocks Chartcraft Box size is 2%

With stocks at $5 it is 10%  That means 30% for the reversal

It is almost a screen to only keep you in $100 stocks

There are good reasons for this with USA mkts..

Why so big a box size ?

This gets to the core of what a P&F is charted in and the nature of time..

P&F at it's purest is a timeless chart with out time constraint or deformation.

IF you are only going to use end of day data

Then to make it real P&F the box size has to be such that intra day reversals are not a factor... If there are No intra day reversals that would trigger a posting to the chart.. Then the chart even using end of day data is timeless

and without constraint and deformation.. Only it is at a very low resolution

miles above the action...

chartcraft box size for BHP is $1 that means $3 for the reversal ..

motorway