ProfLogic's Method

Status
Not open for further replies.
Quote from ProfLogic:

PERFECT . . . let me also re-label the "PF BAR" for you as being the "LAST PF BAR". The reason is that the preceeding 5 bars were "PF Bars" too.

1. Candle before Blue up arrow was price bottom
2. Candle at Blue arrow held no significance
3. 1st Candle following candle at Blue Arrow = 1st PF BAR
4. 2nd Candle following candle at Blue Arrow = 2nd PF BAR
5. 3rd Candle following candle at Blue Arrow = 3rd PF BAR (Matching PF Bar)
6. 4th Candle following candle at Blue Arrow = 4th PF BAR
7. 5th Candle following candle at Blue Arrow = 5th PF BAR
8. 6th Candle following candle at Blue Arrow = 6th PF BAR (Top - bar you labeled as PF)
9. 7th Candle following candle at Blue Arrow = CONFIRMATION BAR (You won't know when the last PF Bar bar has been created until the Confirmation Bar is finished)
10. 8th Candle following candle at Blue Arrow = ENTRY BAR (Enter Short on open of this Bar)
More...

That's right...New Pf,,,New Pf...until Last Pf...How do i know? Confirmation Bar did not exceed the previous one
Even better...
I particularly like statement 2
2. Candle at Blue arrow held no significance=
.....Disregard Inside bar
 
Quote from asiago:

That's right...New Pf,,,New Pf...until Last Pf...How do i know? Confirmation Bar did not exceed the previous one
Even better...
I particularly like statement 2
2. Candle at Blue arrow held no significance=
.....Disregard Inside bar
More...

Hope that helped.
 
Quote from Whisky:

I choose to view my current confusion as an opportunity.

The way I interpret the rules (I'm probably wrong but consistently so) is:

1-You can wait for the 2401 histo to turn black...and have more confirmation...and increase your risk to the stop...and perhaps miss the move...and...and...and...

OR

2-You can apply rule 2 in page 10:

"2. Verify Histogram is in Prime but not yet oscillating." (2401), and THEN look for a 343 ERG blue-red, and THEN

look for a PF bar sequence.

Now everyone knows what a PF bar is (white on both sides).

NOW here we are:

Wilson says that CONFIRMATION bar has to breach the LL that sets up the PF sequence. I disagree (but maybe consistently wrong).

The way I interpret it is that the CONFIRMATION bar only needs to have a lower high than the PF bar, then close, THEN entry is on the next bar open.

I agree with Wilson in that the exits are tougher (and more important).

Now, if someone could code this...

Thanks for the debate.

JW
More...
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
 

Attachments

Quote from Wi!s0n:

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
More...

Exits . . .

Assuming 2401/343 combination.

When in a trade any 343 ERG PPF Oscillation - immediate exit or
any 2401 Histogram Divergent Oscillation - immediate exit

Stops can be stair stepped at Support if long or at Resistance if short.
 
Quote from pismo10:

A ES long around 742 around 10:40am.

Thoughts?
More...

Yes, assuming you are talking about 2401/343 combo . . .

My 343 erg oscillated though around 10:45 so I exited, before market reached the PPF match at 746.75 . . .
 
Quote from ProfLogic:

Exits . . .

Assuming 2401/343 combination.

When in a trade any 343 ERG PPF Oscillation - immediate exit or
any 2401 Histogram Divergent Oscillation - immediate exit

Stops can be stair stepped at Support if long or at Resistance if short.
More...

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?
 
Status
Not open for further replies.
Back
Top