"No man is an island." John Donne

 

set the width of levels to .0001

:-)

 

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On 2/8/2010 6:04:35 AM nagib56 wrote:

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Hi Barrie,

How can you obtain the playing Cards so thin?. I cannot find the way, mines are too thick on my screens like in Earik webinar.

Thank you for your help

Nagib
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I can't get 240 to work rightbut the 60 seems ok. The shorter term mightbe thebest for the tool. My settings for the 60 min; .0052 per 52 cards and .0001 for width rest default - I'm onl yusing the main card for the day.

.

 

 

 

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On 2/6/2010 7:07:57 AM dirk wrote:

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Thanks Barrie, looks very interesting.......i don't want abuse of your kindness....did you try on time frame 240 minutes ?
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"No man is an island." John Donne

Hi Dirk,

The s/r levels would be the same for each day regardless of the time frame, if you have a 4 hr forecast then you can still use the same s/r levels, just that it's easy to see on a 60 min than on a 4hr chart, it's much easier to see the interaction between price and the lines with a lower time frame than higher. I know a guy that trades the forex using daily and 4hr charts but he drops down to 60 min or even 15 min charts for entry.

That said, in the cards you can adjust the scale so that you can have it adjust to whatever you are trading - the option; points per 52 cards will let you have almost unlimited control over the point spread between each cycle, I just plotted what was quick and easy to get you in the ball park. Now that you have the scales I used, it will be easier to fine tune it.

Hope this helps.

Barrie

 

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On 2/9/2010 1:39:06 AM dirk wrote:

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Thanks Barrie for your time......now i have to talk with Erik if there is a possibility to work on H4 ......my problem is that my forecast run on H4 and with the new soft. i want have the playng card on h4  of course....let see if Joe or Erik can answer here......
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Simon  Barbier

well said simon, something like the 5 min looks great and you have more control over formatting too.

 

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On 2/11/2010 5:09:03 PM SimonB wrote:

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I tried plotting card cycles on longer time frame for other Markets and also could not get it to look right.
But then when I started thinking about it, it really should not be plotted on anything longer than 60min time frame, it is meant to be short term intra-day support resistance indicator, and besides the fact that we get a new card every 24 hours, which is only 6 four hour bars, smaller cycles become totally useless because they are too close.

The whole completed cycle for this tool is one day, so it should be used in that context.

Best,     
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