ProfLogic's Method

[pismo10]

2401 non prime long at 10:47 around 817. I did not take because the entry price was already way above the last breach price..

 

[voodster]

pismo,

are you trading 16807 view with entry chart as 2401?

 

[Wi!s0n]

swing setup perhaps

 

[pismo10]

or a longer term 16807 long around 813.50 at 10:25am. The longer term was all negative tho.

 

[pismo10]

2401 non prime ES long around 822 at 12:23pm. Out around 824 on two black histo bars. 16807 agreed.

 

[palinuro]

Quote from pismo10:

2401 non prime ES long around 822 at 12:23pm. Out around 824 on two black histo bars. 16807 agreed.

Nice trade - there was heavy resistance there, so good to take the quick exit.

- palinuro

 

[palinuro]

Quote from nkhoi:

http://www.elitetrader.com/vb/showthread.php?s=&postid=2192054#post2192054

nkhoi, thanks but that isn't at all connected to Bill's method. I already have something approximate; I don't want to do anything else unless I know exactly how it works.

- palinuro

 

[voodster]

Quote from pismo10:

2401 non prime ES long around 822 at 12:23pm. Out around 824 on two black histo bars. 16807 agreed.

--------------------------

pismo10, I took that buy at 12:18. Not saying you're wrong, but I believe they gotta be taken from the failure. Waiting for confirmation gets you near the previous 822.25 high and you have no room for wiggle.

 

[pismo10]

Quote from voodster:

--------------------------

pismo10, I took that buy at 12:18. Not saying you're wrong, but I believe they gotta be taken from the failure. Waiting for confirmation gets you near the previous 822.25 high and you have no room for wiggle.

I agree not the best trade. No prime, buying close to the level of the old breach which I usually don't do, not good so quick in and out for 1-2 pts.

 

[pismo10]

2401 prime ES short 817 around 2:20. I did not take as it was off a breach. Longer term histo agreed.