Search results

Is there a way to prevent this kind of trade? (understand losses are inevitable)

This is an interesting topic, one that I too, have given some thought to over time. Bill uses an indicator to determine the distance created from one label to the next along with an arbitrary number addition to add to the momentum or trend, the "7" ticks. I have seen others use a percentage...

I understand your reply and the risk of the "conservative" trade. Thanks. Will you be adding the requirement of the strength chart ERG direction in the rules as you have stated it? Now, the requirement is to have the strength chart Histogram in the same direction.

nice trade Pismo. The strength chart ERG was against you and recently Prof stated, "Your strength chart has two components; ERG and histogram. ERG is long term strength and Histogram is short term strength. I will take a trade where the Histogram is against me but never the ERG and never...

Very nice, thanks. I've also seen the 16807 setup once Fri and again this am.

please disregard my last post above. (brain fart)

Prof, If trading the 2401/343 combo, the 343 square chart has no labels. Are we to use the erg oscillation or enable the labels on this chart?

Whiskey, thank you for continuing this debate. I am now corrected. Thanks everyone who persisted, now lets move on to the exits :D Here is a corrected diagram for my wall

I was referring to Whiskey's not yours, sorry.

If that last line was a question, then yes and no. Read my comments to Trading guy. I disagree with his interpretation of the entry. I believe the confirmation bar is the bar that breaches the LL labeled on his chart. The entry is on the close of that bar or the open of the next bar. With...

I apologize if I sound condescending as that is not my intention. The sequence is quite clear as layed out. You must test it yourself. To me the exit is much more difficult to understand until I re-worded and tested it for myself.

It is not the entry, it marks the pf as that was the question I believe. Ask yourself what happens when the 2401 histo turns black. We are trading price action so where is price at that time. Waiting for the histo to turn black is a safe trade, otherwise you risk an early entry like the one I...

Prof waited until the 2401 histo turned black, then looked for a pf to enter. Although I can't speak for him, it is obvious to me he is pointing to the pf, not the confirmation bar where he entered. My previous posts showed a confirmation bar below the HL with a subsequent entry. Your orange...

Here's 1b

The confirmation bar is the 1st bar that breaks BELOW (in this case) last support "pivot". The entry is the open of the next bar (or close of confirmation bar, same thing) You must look c-a-r-e-f-u-l-l-y at Bill's example. I squish my 343 chart up so look first at chart 1a. Then look at chart...

Pismo, revist your understanding of a pf and be prepared for Bill to scold you for using all those indicators :D see if this chart helps

you were trading from higher highs and no pf, ERG color does not negate trade.

Pismo, can you post your chart?

Maybe this will help(?)

Trade entry is:"... 2. Histogram in Prime but NOT oscillated " so technically as soon as any histo is in prime (Breach f/b PPF) there is a possible trade setup. I've rarely seen an entry pf when the histo is not oscillating. Prof, your 2 cents please?