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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (2036)	12/20/1999 10:51:00 PM
From: Esteban	Respond to of 7434

Doing well, Jerry, thanks for asking. I've been concentrating on daytrading the e-mini, and ran across a post from Atin on the Qcharts thread about his real time point & figure program. I like the way pnf filters out the noise level you choose, by means of box size choice. The patterns and breakouts seem pretty similar to standard price and time based bar or candlestick charts. I'm trying to get a feel for how effective the previous congested areas are at predicting support and resistance points. I'm also interested in using counts to find price targets when you get out of easily identifiable congested areas. I've been using 0.5 box with a 6 box reversal to filter out anything less than 3 point minimum moves. Maybe the 6 point reversal screws up the congested areas, you think? I'll try a one point box and 3 box reversal tomorrow. I'll check out the threads you mentioned. Thanks for pointing me that way. Esteban