I had an excellent day in the 10 year (ZN) utilizing this method as confirmation. I'll see if I can post a chart later today or early tomorrow AM. Very basic stuff. My take is always look at 2 markets at a minimum. The 10 year is my bread and butter, but I also trade the ES.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
ProfLogic's Method
- Thread starter El Guapo
- Start date
- Status
- Not open for further replies.
I had an excellent day in the 10 year (ZN) utilizing this method as confirmation. I'll see if I can post a chart later today or early tomorrow AM. Very basic stuff. My take is always look at 2 markets at a minimum. The 10 year is my bread and butter, but I also trade the ES.
Quote from johnpinochet:
I had an excellent day in the 10 year (ZN) utilizing this method as confirmation. I'll see if I can post a chart later today or early tomorrow AM. Very basic stuff. My take is always look at 2 markets at a minimum. The 10 year is my bread and butter, but I also trade the ES.
I've started monitoring ZB and ZN, but find the price action on both harder to read than the ES - perhaps just familiarity with the latter. Look forward to seeing your chart!
- palinuro
Quote from Whisky:
The capability is there in the Strategy function to incorporate different chart periods. It can be done.
Your chart histo is slightly different than mine, and with cleaner oscillations. I wonder why.
JW
I created an initial version of a label system in a Strategy, but at present NT has a hard enough time dealing with multiple CVB charts, so I shelved it.
When NT7 comes out charting and processing should be much improved, plus we'll be able to use other price series in an Indicator.
- palinuro
Quote from palinuro:
I created an initial version of a label system in a Strategy, but at present NT has a hard enough time dealing with multiple CVB charts, so I shelved it.
When NT7 comes out charting and processing should be much improved, plus we'll be able to use other price series in an Indicator.
- palinuro
I'm working on an easier way to deal with all these different price series. I'm using a single price series now. The bigger series and indicators can be constructed from the fastest chart (entry chart).
If you think of it, every 7 bars you have a bigger bar, then every 49 a bigger one, etc. After all the entry signal is on the entry chart.
JW
Quote from palinuro:
What about situations like today, 9:50-4:30, when the histo is black but the ERG blue?
I stood aside - but wonder if that was optimal, given the clear direction long.
(Only trade today short off the 2401 ca 9:05, early exit in the later lateral because of the HL HH on the 16807.)
- palinuro
If something isn't setting up on one chart . . . look to another market and chart. There is always a perfect trade setting up somewhere. I usually monitor:
eMini S&P (ES)
US Bonds (ZB)
Euro FX (6E)
eMini Crude (QM)
This is a nice variety and monitor the slower Intraday charts. This way you can leasurely take the best trade as it sets up.
Quote from palinuro:
I created an initial version of a label system in a Strategy, but at present NT has a hard enough time dealing with multiple CVB charts, so I shelved it.
When NT7 comes out charting and processing should be much improved, plus we'll be able to use other price series in an Indicator.
- palinuro
Correct, the new NT should handle the studies better. At least that is what I'm being told by Ninja.
Quote from johnpinochet:
I had an excellent day in the 10 year (ZN) utilizing this method as confirmation. I'll see if I can post a chart later today or early tomorrow AM. Very basic stuff. My take is always look at 2 markets at a minimum. The 10 year is my bread and butter, but I also trade the ES.
As promised, here is yesterday's 343 Volume chart for the ZN.
I consider the best trades the first and the last. The horizontal lines are S/R that I drew in prior to market open. All trades left more on the table, but that is fine by me. The last trade in particular, I really enjoyed. I knew exactly what was going to happen and just waited. I have other S/R I look at as the price action unfolds. Right where I entered on the third trade was a very important number.
Attachments
Quote from johnpinochet:
As promised, here is yesterday's 343 Volume chart for the ZN.
I consider the best trades the first and the last. The horizontal lines are S/R that I drew in prior to market open. All trades left more on the table, but that is fine by me. The last trade in particular, I really enjoyed. I knew exactly what was going to happen and just waited. I have other S/R I look at as the price action unfolds. Right where I entered on the third trade was a very important number.
Today's trades.
By the way, please note that I have my own method. I'm utilizing ProfLogic's method as confirmation. My reason for doing this is that I believe in constant study. In any event, of the two days, I know some of the trades are within the guidelines, others you can just assume were my method.
On the first trade, I got out too early. A bid/ask volume indicator I look at spooked me and I got out. Funny that I knew it had more room but I exited anyway.
The second and third trades are classic trades according to my method.
Attachments
Quote from johnpinochet:
As promised, here is yesterday's 343 Volume chart for the ZN.
I consider the best trades the first and the last. The horizontal lines are S/R that I drew in prior to market open. All trades left more on the table, but that is fine by me. The last trade in particular, I really enjoyed. I knew exactly what was going to happen and just waited. I have other S/R I look at as the price action unfolds. Right where I entered on the third trade was a very important number.
Very Nice!!
Quote from johnpinochet:
Today's trades.
By the way, please note that I have my own method. I'm utilizing ProfLogic's method as confirmation. My reason for doing this is that I believe in constant study. In any event, of the two days, I know some of the trades are within the guidelines, others you can just assume were my method.
On the first trade, I got out too early. A bid/ask volume indicator I look at spooked me and I got out. Funny that I knew it had more room but I exited anyway.
The second and third trades are classic trades according to my method.
John,
I want you to understand that I am of course bias but fully agree that each of us must confirm for ourselves that whatever we choose to use to lead us in our trade decisions MUST be consistent and that is a learned behavior based on screen time.
If what I offer you can be used to confirm what you alread do . . . so be it as long as you are consistently profitable.
- Status
- Not open for further replies.