ProfLogic's Method

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Quote from UnlikelyGeek:

I had my first chance today of viewing this method in real time using MultiCharts and eSignal data.

As I'm in Australia I sometimes trade the mini HSI. Using the typical settings of 343 and 2401, I found the charts hard to read. I experimented with settings and settled on 55 (entry/Exit chart), 144 Decision chart) and 233 (Longer term chart).

Using these settings produced good charts for today but I'd like to know what others have found to be ideal chart periods to trade the HSI intra-day.

Johno
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Hey Johno ... the HSI, huh? The first word that comes to mind from my experiences in that mkt is neurotic :-) Although I now see you mentioned mini, of which I wasn't aware was available. I'm not sure what you mean the charts were hard to read, but I'd be hesitant to stray too far from the method here, and I believe an integral part is the idea of nested fractals, using powers of primes. I'm just taking a wild guess, but if the volume for that mkt is not strong, perhaps working w/ 27, 81 and 243 might be an idea. Prof has mentioned before that when people start tweaking the main concepts, they may realize less than stellar results. Along these same lines, a unique feature for this method is that it is applicable across all markets. Perhaps someone more familiar w/ the mini HSI can provide additional thoughts.
 
Problem Solved ... I suspected I was doing something stupid, and my suspicions were confirmed. I was still running against the 03-09 contract, which of course doesn't have a lot of volume. As soon as I switched to the 06 contract, it appears to work.

TraderGuy thanks for posting the screenshot -- that was what led me to the solution.

Thanks all...
 
Quote from mephistoII:

Hey Johno ... the HSI, huh? The first word that comes to mind from my experiences in that mkt is neurotic :-) Although I now see you mentioned mini, of which I wasn't aware was available. I'm not sure what you mean the charts were hard to read, but I'd be hesitant to stray too far from the method here, and I believe an integral part is the idea of nested fractals, using powers of primes. I'm just taking a wild guess, but if the volume for that mkt is not strong, perhaps working w/ 27, 81 and 243 might be an idea. Prof has mentioned before that when people start tweaking the main concepts, they may realize less than stellar results. Along these same lines, a unique feature for this method is that it is applicable across all markets. Perhaps someone more familiar w/ the mini HSI can provide additional thoughts.
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Neurotic is a good very good way to describe it. :(

In the past I've traded it using 1min, 2min and 3min charts. You need to get in and out fast. Your decision points need to be very clear which is why I'm attracted to this system.

Even though yesterday produced good results using 55, 144 and 233, I think it was just a form of "curve fitting" on my part which is why I asked for feedback from anyone experienced in the HSI market.

I've resolved to return to using fractals of 7 and see if I can make sense of it all.

Today I'm going to use 7, 49 343. I think I just need a lot more chart time.
 
Im new to this thread.

Prof, could you explain how you manage to scan 1000+ symbols fo swing each day for the right opportunities.
Are you using an inbuilt scanner on MC?
Do you Take your trades during the day or on open/close of the market?

Thanks
 
Quote from Faris:

Im new to this thread.

Prof, could you explain how you manage to scan 1000+ symbols fo swing each day for the right opportunities.
Are you using an inbuilt scanner on MC?
Do you Take your trades during the day or on open/close of the market?

Thanks
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Automated custom built scanner created for MultiCharts that dumps the output files into an Excel spreadsheet each morning.
Trades are executed only at pre-market or market open.
 
Hi Bill,

Which chart are you referring to please? Could you explain 'Why are you looking at the 2401?'?

Regards
Quote from ProfLogic:

Why are you looking at the 2401? You are taking you entries and exits strictly from the 343. Once you enter a trade, if you have the strength of the chart in your favor look to the 2401 for your exit area as well.
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Bill/Mephisto

Thank you both for your replys.

I re-read my post and didn't think much of the way I posed the question so I want to have a second attempt at expressing myself:)

Essentially, there appears to me to be three entry scenarios:

1st:
Enter on ERG oscillation and PF sequence on your Entry Chart in Prime immediately as the Histogram on the Trading Decision Chart enter into Prime.

2nd:
Enter on PF sequence on your Entry Chart in Prime immediately after the Histogram on the Trading Decision Chart oscillates in Prime.

3rd:
2. AND THEN - The Histogram on your trading chart (2401) Oscillates (changes color) in Prime toward the Prime Trading Breach Oscillation on the Trading Decision Chart (for the strongest trade) or at least positive to the zero line for a strong trade.

3. AND THEN - The ERG on your Entry chart (343) Oscillates (changing color) toward the Prime Trading Breach Oscillation on the Trading Decision Chart .

Screen time has confirmed that the 1st and 2nd entry scenarios occur on a regular basis. I'm happy with those both of these and even recognise the 1st entry scenario tends to yield more early entries.

However, I haven't as yet seen the 3rd one play out in that exact sequence at all and am hoping someone would post some examples of this scenario, highlighting the exact time on trading/entry charts with the crosshair.

Mephisto, I guess this is what you meant by the 'degrees of perfection'.

I'm still learning so thanks very much for your patience.

Regards
 
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