SHEET 047 · 150 × 100 MM · 2B

Pencil on Friday. Red after the close.

Sketch where you think the settlement runs, in 2B. After expiry the true path is inked over it in red. Tape the sheet down and do it again next week.

Open the grid → How it works

Recent sheets

Pencil{{ hero.drawn }} Red{{ hero.settled }} Mean gap{{ hero.mean }} mm

Sheet {{ hero.no }} PENCILRED

FRIMONTUEWEDTHUFRI

Bench note

Sheet 046 was drawn at 16:40 on a Friday. The red went down seven days later and stayed close to the graphite until Thursday.

Measured gaps

            SHEETMEAN MMMAX MM
            
              {{ r.no }}{{ r.mean }}{{ r.max }}

A graphite curve half drawn across fresh grid paper, the 2B tip mid-stroke, last week's sheet with its red line taped at the corner

Prediction and reality slowly converge along the red line.

FIG. 1 · SHEET 047, FRIDAY 16:40

01 · WHAT IT IS

Graphite first, red second

Draw your expected curve in pencil. Once the contract expires, the settlement path is traced over it in red marker. Each week's sheet is taped into the folio, and the millimetres between the two lines shrink.

Pencil grid with a single red marker line tracing the settlement path

FIG. 2 · THE RED, ONCE IT WAS DOWN

02 · SHEET 046, BEFORE AND AFTER

Put the red down

This sheet has Friday's pencil on it. The contract has expired. Press the marker and watch the settlement go down over the graphite, column by column.

Mean gap {{ demoCountText }} mm {{ demoLine }}

Draw your own

An open flat-file drawer holding weeks of taped grid sheets

03 · THE FOLIO

Weeks, taped at one corner

Every sheet goes into the drawer by number. Sheets 039 to 046 sit on the desk, where the pencil and the red can be laid over each other and the gap read off in millimetres.

46sheets taped

{{ firstFour }} mmmean gap, 039–042

{{ lastFour }} mmmean gap, 043–046

Open the desk →

Sheet 047 is blank

The 2B is sharpened and the dot for Friday's close is already on the paper. Draw the week, then let the red go down.

Open the grid →

A short 2B pencil stub with a red marker cap

Sheet {{ sk.no }}

cursor · off sheet

{{ sk.zoom }}%

Start at the dot. Draw to Friday expiry in one stroke. First sheet? Press G for last week's red and trace over it.

P pencil · A adjust · E eraser · S snap · G guide · + − zoom · Enter ink · one cell = 5 mm

Columns drawn

{{ sk.drawn }} of 10 half-days

Selected point

Arrows move the point 1 mm.

The red is going down 0.0 mm

{{ sk.mean }} mm {{ sk.pill }}

              
                {{ g.day }}{{ g.v }}

Taped as sheet {{ sk.no }}. It is on the desk. Open the desk →

Settlement paths on this sheet are illustrative. A sheet is close when the mean gap is under {{ sk.limit }} mm.

      DESK
      {{ dk.count }} SHEETS
      MEAN {{ dk.meanAll }} MM
      LAST FOUR {{ dk.last4 }} MM
      cursor · off sheet
    

Layers

View

{{ dk.zoom }}%

Click any line to select its sheet · graphite fades with age

Sheet {{ dk.sel.no }} {{ dk.sel.pill }}

Pencil{{ dk.sel.drawn }} Red{{ dk.sel.settled }} Mean gap{{ dk.sel.mean }} mm Widest{{ dk.sel.max }} mm · {{ dk.sel.maxDay }}

Draw the next sheet

Mean gap by sheet

            SHEETPENCILREDMEANMAXWIDESTSTATE
          
              {{ r.no }}{{ r.drawn }}{{ r.settled }}{{ r.mean }}{{ r.max }}{{ r.maxDay }}{{ r.state }}

HOW IT WORKS

A sheet a week, measured in millimetres and weekdays

Folio Path is a notebook habit. Friday gets the pencil, the close after expiry gets the red, and every sheet is kept by number so the weeks can be compared.

Close detail: a graphite curve on grid paper with a red tape strip

How the gap is measured

150 × 100The sheet, in millimetres. One cell is 5 mm. 11Columns, one per half day, from the Friday close to Friday expiry. 10Gaps read with a rule, graphite to red, at every column after the close. < {{ limit }} mmThe mean of those ten. Under it the sheet is marked close; over it, apart.

Sheet 039 closed {{ s039 }} mm apart. Sheet 046 closed {{ s046 }} mm apart. The drawer holds the weeks between.

All settlement paths on this site are illustrative and live on the page. Nothing here is a price, a record of a real contract, or advice. The sheets exist to practise looking, and to keep a record of how the looking changed.

Open the grid → The desk