ProfLogic's Method

[voodster]

Wi!s0n, excellent illustration there.

Insearch, note how the entry is not taken just because the ERG or hist got to prime, but after the ES made a PF after that. Get the line-ups right and it feels perfect.

 

[ProfLogic]

TRADE #2

 

[ProfLogic]

Quote from Wi!s0n:

Perfect Trade,
to me this method is simple, but it is not easy.

Wow, imagine that . . . our charts are nearly identical. Nicely done.

 

[ProfLogic]

Quote from Insearch:

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?

The labels have a great deal to do in helping you learn to read price. I think someone have the NT ERG with labels. Let me look.

 

[Wi!s0n]

Quote from ProfLogic:

Wow, imagine that . . . our charts are nearly identical. Nicely done.

thanks, good teacher.
Histogram amplitude still needs adjusting though.

 

[ProfLogic]

Quote from Wi!s0n:

thanks, good teacher.
Histogram amplitude still needs adjusting though.

I see that. It is just a little off. Is it set at 3X?

Suggestion . . . dump the Histogram from the 343 chart. Way too distracting.

 

[Wi!s0n]

As we've discussed, there is no histo adjustment. You had me remove the histo from the 343 but I snuck it back in as a shadow to anticipate the erg osciallations. You weren't supposed to see that.

 

[ProfLogic]

Quote from Wi!s0n:

As we've discussed, there is no histo adjustment. You had me remove the histo from the 343 but I snuck it back in as a shadow to anticipate the erg osciallations. You weren't supposed to see that.

Got to run to Chiro appointment. Be back in bit.

 

[Evolution]

Wasn't the Strength Histo (16807V Chart) pointing in the wrong direction (up) for the two last short trades (801.50&795.75)?

 

[Wi!s0n]

Quote from Evolution:

Wasn't the Strength Histo (16807V Chart) pointing in the wrong direction (up) for the two last short trades (801.50&795.75)?

I am still learning.
Yes but the 82 and 117 were in the down direction. I would have exited at the first pullback after the 801.50 and 795.75 entries. My target was the prime support bottom on the 16807. I would have re-entered where Prof explained above. My inexperience did not give me the confidence to stay with the trade as Prof did...because I shared your observation.