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ProfLogic's Method
- Thread starter El Guapo
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Quote from ProfLogic:
This trade is still short with a stop at 878.75. Hopefully we will re-adjust the stop down later today or tomorrow but regardless, it's a nice little run.
If this current top holds up we will be able to re-adjust our stop on close to 874.25 but I really would like to see 855.25 and even 852.75 broken through.
The consolidation between 855.25 & 873.50 and now 857.25 is understandable due to the time of year. It forces us to keep our focus tight those oscillations.
Hi again Prof, El Guapo, others. Happy 2009.
How about a discussion on add/pyramid possibilities "in the middle"?
Also, while still very new to this approach, I can observe that:
1-Trades that fail, generally fail "fast". Maybe this can be exploited with a "reverse"?.
2-When the method grabs a "good one" the trend is "persistent" and a strong candidate for adding to the position.
Of course these are subjective/intuitive observations, and it'd be great to have more objectivity to these non-rules.
I'm working in coding all this stuff in Ninja for proper testing and automation. Progress is rather slow putting the basic rules in code a computer can execute.
Thanks.
JW
How about a discussion on add/pyramid possibilities "in the middle"?
Also, while still very new to this approach, I can observe that:
1-Trades that fail, generally fail "fast". Maybe this can be exploited with a "reverse"?.
2-When the method grabs a "good one" the trend is "persistent" and a strong candidate for adding to the position.
Of course these are subjective/intuitive observations, and it'd be great to have more objectivity to these non-rules.
I'm working in coding all this stuff in Ninja for proper testing and automation. Progress is rather slow putting the basic rules in code a computer can execute.
Thanks.
JW
ProfLogic,
Have you really written a book? I assume you have. How might one go about finding the book?
If you or another person would PM me with the details I would greatly appreciate it.
Regards,
John
Have you really written a book? I assume you have. How might one go about finding the book?
If you or another person would PM me with the details I would greatly appreciate it.
Regards,
John
Just a small problem defining Breach LL/HH. On this chart why does the Breach label occur? Many a far beyond a new 7 tick low/high.
I also see some big blue arrow sells where the last swing was not a Breach.
Thanks
http://elitetrader.com/vb/attachment.php?s=&postid=2116913
I also see some big blue arrow sells where the last swing was not a Breach.
Thanks
http://elitetrader.com/vb/attachment.php?s=&postid=2116913
Quote from pismo10:
Just a small problem defining Breach LL/HH. On this chart why does the Breach label occur? Many a far beyond a new 7 tick low/high.
I also see some big blue arrow sells where the last swing was not a Breach.
Thanks
http://elitetrader.com/vb/attachment.php?s=&postid=2116913
Really . . .
Tell me the PPF entry price and then give me the target price where it isn't a Breach.
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