Point and Figure Charting Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Point and Figure Charting

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Atin who wrote (25051)	11/30/2000 1:20:23 PM
From: Patrick Slevin	Read Replies (2) of 34822

There is a curious flaw in QPnF, I noticed it earlier this week and I just do not understand it. Seems like it may be specific only to the Canadian Dollar contract, traded on the CME. The SP Contract is traded there as well so I do not think the problem is Exchange related. However, it may be related to the requirement that QPnF needs to manipulate small numbers. The Contract is traded in ten-thousands, you see. So a quote may be 0.6526 which happens to be the last trade on the CD0Z, the December Contract. So, using 0.001 as a box size I get the market trading at 65.80 using a thirty minute chart. The Canadian $ has not been at 65.80 since October 31st, and has been as Low as 64.03 since. Further; of course your price column only goes out to hundredths, naturally. For a stock trader this is fine. But in Futures Markets they go out to the fourth decimal place. Not such a big deal, because we are looking at the X's and O's anyway but perhaps that has something to do with the error? I remember looking at Swiss Franc and Japanese Yen contracts which also use 4 decimal places but do not recall having this issue. They are also traded on the CME.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next