Depends what size charts you want to make, and the time-frame you want to look at. The smaller the price-movement, the more boxes you'll be filing in. P&F charts are great for long-term perspective on price. Since FX is so volatile right now, and - God willing - will be for the coming year, I don't think P&F charts on currencies would help, but a long term trader might box 20 pips on the eurusd... better to plot something like gold, commodities, in order to inform your Forex trading...
What box sizes do you recommend for the various pairs?
mastergunner99 1 year ago
Depends what size charts you want to make, and the time-frame you want to look at. The smaller the price-movement, the more boxes you'll be filing in. P&F charts are great for long-term perspective on price. Since FX is so volatile right now, and - God willing - will be for the coming year, I don't think P&F charts on currencies would help, but a long term trader might box 20 pips on the eurusd... better to plot something like gold, commodities, in order to inform your Forex trading...
mlawren7 1 month ago