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ProfLogic's Method
- Thread starter El Guapo
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To let you all know my feelings regarding Divergence/Convergence.
Divergence/Convergence is not an absolute.
If a trade sets up with Divergence/Convergence present, that will potentially intensify or add strength to that particular directional move.
No trade is to be taken strictly where Divergence/Convergence is present at an Oscillation.
An oscillation where Divergence/Convergence is present is a PERFECT reason to exit but not a reason to enter one by itself.
Divergence/Convergence is not an absolute.
If a trade sets up with Divergence/Convergence present, that will potentially intensify or add strength to that particular directional move.
No trade is to be taken strictly where Divergence/Convergence is present at an Oscillation.
An oscillation where Divergence/Convergence is present is a PERFECT reason to exit but not a reason to enter one by itself.
Quote from ProfLogic:
Caught first part about 10:18 EST.
Caught 2nd part of the same trade about 11:02 EST.
Caught next trade about 1:02 EST.
Missed the one that just triggered . . . cause I was done.
Don't see the 10:18am at all. Neg 16807 histo and ERG would keep me out. Nice PF setup tho on 2401 and rising histo and ERG by then. Can you talk thru your logic on this one?
11:02am makes more sense, 16807 histo osc up just before, 2401 histo and ERG positive. I just did not see it.
The 1:02 was similar to the one I posted already but it seems you waited for the 16807 to turn up as well. Another nice PF setup gave you the chance to get in. Nice.
Quote from pismo10:
Don't see the 10:18am at all. Neg 16807 histo and ERG would keep me out. Nice PF setup tho on 2401 and rising histo and ERG by then. Can you talk thru your logic on this one?
11:02am makes more sense, 16807 histo osc up just before, 2401 histo and ERG positive. I just did not see it.
The 1:02 was similar to the one I posted already but it seems you waited for the 16807 to turn up as well. Another nice PF setup gave you the chance to get in. Nice.
Attachments
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.Quote from pismo10:
My TS 16807 remained negative until 10:24 or so. A little later than others so I was still looking negative.
Prof, your 2 cents please?
Quote from pismo10:
My TS 16807 remained negative until 10:24 or so. A little later than others so I was still negative.
You're correct.
You could go long when the Histogram is IN Prime or AFTER it OSCILLATES.
In the beginning . . . take the trades after the Histogram Oscillates . . . you have more strength in your direction.
As time goes on you will see the reason to enter on the first one.
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