ProfLogic's Method

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Quote from Insearch:

10:35 short on the 2401 was a perfect trade, correct?
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For me it was (small profit, BE or small loss, depends how you managed it), and then it gave another chance at 10:48 786.75 for a definite gain.

JW
 
Quote from Whisky:

For me it was (small profit, BE or small loss, depends how you managed it), and then it gave another chance at 10:48 786.75 for a definite gain.

JW
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For the 2nd try you are referring to 10:48ish?

Edit: saw that you already mentioned it . . .

My 2401 was above zero and declining but out of prime at that point so stayed out of that trade . . . although the divergent ERG on the 343 was definitely agreeing with another attempt . . .
 
Here's how I saw a trade a bit earlier. Disclaimer: I do not profess that I know what I'm doing yet! Although against direction of strength chart, price was @ bottom of a channel. Also, no idea how the pic will come through. If I'm making flagrant errors w/ the methodology, please discuss. Thanks ...
 

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Quote from mephistoII:

Here's how I saw a trade a bit earlier. Disclaimer: I do not profess that I know what I'm doing yet! Although against direction of strength chart, price was @ bottom of a channel. Also, no idea how the pic will come through. If I'm making flagrant errors w/ the methodology, please discuss. Thanks ...
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I'm not sure but I think what you are doing is definitely not with the rules . . . we'd made new lows, so there's no long to take . . . the only trade after a LL is a short on a LH . . . . according to this method, of course . . .

Not saying that your method does not work, it may, only you're the judge of that . . .
 
Quote from Insearch:

I'm not sure but I think what you are doing is definitely not with the rules . . . we'd made new lows, so there's no long to take . . . the only trade after a LL is a short on a LH . . . . according to this method, of course . . .

Not saying that your method does not work, it may, only you're the judge of that . . .
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Appreciate your comments, Insearch! I have a terrible weakness for countertrend entries. That's why I'm here :) And yes, the channel comment was not meant to be applied to the method - just relaying inner thoughts that rattle around up in here ...
 
Quote from mephistoII:

Appreciate your comments, Insearch! I have a terrible weakness for countertrend entries. That's why I'm here :) And yes, the channel comment was not meant to be applied to the method - just relaying inner thoughts that rattle around up in here ...
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Apologies if my comments came out as condescending . . . it wasn't . . . I guess what most will tell you is that fighting current direction will get you killed most of the time . . . unless you've perfected the art . . .
 
Quote from Insearch:

Apologies if my comments came out as condescending . . . it wasn't . . . I guess what most will tell you is that fighting current direction will get you killed most of the time . . . unless you've perfected the art . . .
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Not at all - I need all the help I can get - heheh.
 
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