ProfLogic's Method

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Quote from mephistoII:

Here's how I saw a trade a bit earlier. Disclaimer: I do not profess that I know what I'm doing yet! Although against direction of strength chart, price was @ bottom of a channel. Also, no idea how the pic will come through. If I'm making flagrant errors w/ the methodology, please discuss. Thanks ...
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Agree with the previous comments, but also wanted to ask what your Erg settings are. It looks way faster than proflogic's...which would definitely give you a lot more entries, if that's what you want.

- palinuro
 
Quote from Insearch:

10:35 short on the 2401 was a perfect trade, correct?
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Give me till this afternoon sometime and I will post these and the 343 entries. I'm dealing with data issues in some of my other charts I watch and only have a limited window to fix the problems.
 
Quote from palinuro:

Agree with the previous comments, but also wanted to ask what your Erg settings are. It looks way faster than proflogic's...which would definitely give you a lot more entries, if that's what you want.

- palinuro
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Here's the settings I'm using within Ensign. I've been thinking lately that my graphics are tracking pretty close w/ Prof's, but I could be mistaken - and that aspect has been somewhat of a stumbling block here so far. That is, having the confidence that the ergodic is even correct.
 

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Quote from marketsurfer:

Don't these indicators lag price, since it takes price to create them?

If not, then they are predictive, right??

surf
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Absolutely they lag price. All indicators lag.

The difference is that the indicator is used to confirm price action of past oscillations on a nonvariable chart.

I know that is where I loose you but you have to see the drastic difference between chaotic inconsistent minute or tick charts compared to smooth consistent constant volume bar charts to realize the drastic changes. Minute and tick charts produce noisy inconsistent past price oscillation data so any read on future price oscillation movement is inconsistent. When you have perfectly consistent price oscillations the the read on future price oscillation price movement is smooth, consistent and readable.

The charts I posted showing trade areas and then the specific entries and exits are all rules based and can be followed by anyone watching the same chart parameters. It then takes screen time to pick up on the process in real-time.

Perfect practice makes perfect decisions. I want all of my decisons to be correct but i know that not all of my trades will be profitable. I do know that IF all of my decisions are correct my accuracy percentage will be huge, my profits will be grand and any losses I suffer will be small. This is what one needs to prove to themselves through screen time not trading. Trading this comes AFTER one builds confidence in believing the consistency they are seeing.
 
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