ProfLogic's Method

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Quote from Insearch:

Is it me or is today difficult on the 2401? Nothing but losers for me (granted, I've made a few mistakes) . . . but even the legit ones
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806.50 Short - I didn't mention this because it set up at 8:30 am EST and I didn't know if any of you were up.
801.50 Short - Perfect Trade
795.75 Short - Perfect Trade (In 2 Parts) If you got in early at the first Histogram Oscillation, you stop would have kept you in the trade. If you got scared and exited you would have re-entered short on the Divergent Histogram oscillation.

Bottom line, there hasn't been another Perfect set-up since but those two would have conservatively been worth 11 points combined (10 for the first and a point for the second.
 

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InSearch..

It looks like you have the right idea but are way early on your trades, did you read the trade rules earlier in the thread? On both of the 2nd trades, you are shorting into a rising histogram that isnt in prime yet. Perhaps if you post your reasoning for entering we could help further
 
Quote from Insearch:

Is it me or is today difficult on the 2401? Nothing but losers for me (granted, I've made a few mistakes) . . . but even the legit ones
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I agree with Jander. Look at me chart. Look at where and why I would take trades there. You need to first understand the "AREAS" where trades are taking place first. That is the large RED arrows.
 
Insearch, I agree with Jander. It looks like you are trying to frontrun the histogram before it tops. Let it top THEN look for a failure to short (assuming the structure is still intact).
 
One additional thought, Insearch, the perfect trades are not tiggered by the ERG, but rather the histogram in prime in concert with the slower and faster charts.
 
How about a dissection of the Perfect Trade, as mentioned in Prof's previous posts.
801.50 Short - Perfect Trade
795.75 Short - Perfect Trade (In 2 Parts)

Play by Play
In Pictures (Charts)
Detailing on both Charts.
(2401 & 343)

I'm still not using the histogram; perhaps this excersise will bring clarity to me and others.
 
Quote from Jander:

InSearch..

It looks like you have the right idea but are way early on your trades, did you read the trade rules earlier in the thread? On both of the 2nd trades, you are shorting into a rising histogram that isnt in prime yet. Perhaps if you post your reasoning for entering we could help further
More...

Yes, I'd read the rules over and over, but I guess not enough . . . will go back and review again . . .

For the 1st trade my 2401 histo hit prime at 10am which was exactly the time my 343 ERG was changing form blue to red. I tried to enter close to the top there at 792.50 and placed my stop 2 ticks above above the 793 top. . . . and got stopped out

For the second trade, 2401 had not hit prime, but I was going for a "near perfect trade" . . .

I guess in both cases I did not wait for 2401 histo to top . . . by "top" I'm assuming that the we mean the histo turned black, is this correct?
 
Quote from ProfLogic:

806.50 Short - I didn't mention this because it set up at 8:30 am EST and I didn't know if any of you were up.
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See attached my 343 . . . my ERG didn't go to prime and hence wouldn't have labelled 806.50 a PPF on my 2401 . . . It got close though (~9) . . . should I've labelled this as PPF when ERG was that close?
 

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Quote from El Guapo:

How about a dissection of the Perfect Trade, as mentioned in Prof's previous posts.
801.50 Short - Perfect Trade
795.75 Short - Perfect Trade (In 2 Parts)

Play by Play
In Pictures (Charts)
Detailing on both Charts.
(2401 & 343)

I'm still not using the histogram; perhaps this excersise will bring clarity to me and others.
More...

The first chart I posted showed the 2401 and the TRADE AREAS. Here are the 343 charts showing the exact entry bars at those TRADE AREAS.

TRADE #1
 

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