"Richard, you can't learn PnF without a little pain, not because it's difficult, but because it's weird."
That's why I'm hoping to find out to what extent the results justify the effort.
"You'd have to define 'whipsaw'."
I assume that PnF is oriented toward swing trading, as I am. I would count it as a whipsaw if PnF gave a sell signal when the market was lower than the previous buy signal, and vice versa.
"PnF charts whipsaw less than conventional charts because of the built-in treshold."
That's the information I'm looking for. Can you venture a guess as to what percentage of the signals turn out to be whipsaws? 25%? 10%?
When you invite people sailing, do you make them learn how to tie bowlines, reefing knots, clove hitches, and cleat knots first? Do you expect them to learn about coming about, jibing, flying a spinnaker, hiking out, backing the jib, right-of-way rules, etc., before they set foot on your boat? A better analogy would be if you had been inviting him to sign up for a course in sailing. <g> |
