P&F Charts for Intraday FX???

[LarryT]

I've just read Kermit Zieg's book on Point & Figure Charting, and wondered how applicable P&F was to intraday FX trading.

I use Updata's Technical Analyst Trader fro some of my charting, and it uses box values of 0.0010 and a reversal value of 3, i.e. (0.0010) X 3 for its default values for the 5 minute FX charts.

Zieg did studies that showed fairly conclusively that optimising both the box value and reversal value are critical in achieving optimum profit, and there can be very significant differences in small modifications to these values that spell the difference between overall loss and 100% to 200% gains over time.

Does anyone use P&F for intraday FX (at least for partial confirmation) and does anyone have suggestions for optimised values for the 5 minute charts for GBP/USD, EUR/USD, etc.?

Thanks.


Larry T