[Triffick]

Pip Hi,
to answer your question to the best of my ability I suggest you first look at the market you trade in terms of timeframe and pip range guess you have a typical 6 to 10 hour active day look at this in terms of 'how many pips move' cover a swing in that time frame in your zone. it may be that a 5 pip box witha 3 box reversal will do it, but to cover other time frames - which is important in P&F the equivalent would be bigger boxes - greater range roughly corollate to a longer time as you might expect. you should use several charts with different box sizes because confirmations in different boxe sizes/reversals strengthen the balance of probabilities. my inital reaction is to go with eurodollar and try 5x3 covering a trade you did with a clear signal and successful outcome - see if you get a good P&F signal around the same price frame and if it looks like you would have gone with it. up/down the box size and see if you get confirmation again. Also see how close this box fits with your intra day feelings. I must now drop the bomb on you. P&F price predictions do not have a time element associated with them! so it is really hard to eyeball it and time the trade. Actually dont try. P&F is much more - trade on signal and wait the outcome.
Just for fun try 5x3 on the 21st (Tue) there was a drop about 8 am your time - good outside day looks like its ok to me but the closeout would cost you 15 pips at least on a 80 pip (ish) move and getting in at least the same try a 5X2 may get a better result, one thing to remember is the multiple box reversal gives an asymetrical reversal signal - a built in filter so you get a bit of certainty with the reverse. Sorry if I am a bit too conversational with my musing but you do need to play with it to get a feel. Very little experimentation will earn you a lot of interpretation. Cheers trif.
PS.
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