ProfLogic's Method

[Whisky]

Quote from ProfLogic:


The Oscillation be for it (765.75 toward 774.00) was a perfect trade.

Execution for that long trade (exactly according to the method without human error) was at 769 @ 14:37:52 ?

or was it 767.25 @14:37:08 a bit earlier?.

I think I have an error/confusion/inconsistency in my understanding right there, and price was moving fast. I passed on that trade, because I thought I was late. TIA.

JW

 

[PPF->Breach]

Yes, on my chart a practical entry would've been 769.00 or 769.25 with a wide stop at 765.25. The exact entry and time will depend upon your own data provider and chart.

Looks like you have the general idea though.

Quote from Whisky:

Execution for that long trade (exactly according to the method without human error) was at 769 @ 14:37:52 ?

or was it 767.25 @14:37:08 a bit earlier?.

I think I have an error/confusion/inconsistency in my understanding right there, and price was moving fast. I passed on that trade, because I thought I was late. TIA.

JW

 

[Whisky]

Quote from PPF->Breach:

Yes, on my chart a practical entry would've been 769.00 or 769.25 with a wide stop at 765.25. The exact entry and time will depend upon your own data provider and chart.

Looks like you have the general idea though.

Thanks. This is how my current scalper-adder slow prototype "saw" it.

Many signals have to be filtered out, and some are in the wrong place altogether, but there is progress. Also there is the sizing algorithm to include.

If I could do more than edit, copypaste, put together and debug other people's code, I mean if I could really program in C# I could have a potential production algorithm in weeks. I'm endeavouring now at least 4 hours a day to really learn ninjascript however, so the final lean and mean algorithm will still take months to get into production, if ever. So far, it looks promising. We'll see how far I get.

JW

 

[Insearch]

Quote from ProfLogic:

They're close Insearch but nothing cmpares to trading the actual chart you watching.

True.

I was just mentioning it, incase there was some incling to trade a more liquid instrument, not an expert, but I think I read somewhere that the spots were much more liquid . . .

 

[gravitonium77]

Quote from ProfLogic:

The autolabeling will really help.
The oscillation you pointed out is a Breach. We don't trade from Breaches do to inconsistent strength.
The Oscillation be for it (765.75 toward 774.00) was a perfect trade.

Dear Proflogic, thank you for sharing. I have been studying and watching. Could you or anyone else who knows, tell me if the attached picture depicts a correct trade?

My apologies for my lack of computer drawing skills. The pink vertical line shows an entry signal after a PPF with the histogram showing up (green). You might have to really zoom in to see this. It seems I repeatedly see this arrangement where the label is right, the price bars are set for entry, and the histogram matches.


I understand I'll have losers, I just want to make sure I'm not doing something boneheaded. I assume that when the setup is right and you get stopped out, and another setup immediately presents itself that you should take the trade.

Thanks in advance, and thanks for a great thread.

 

[voodster]

Quote from gravitonium77:
Could you or anyone else who knows, tell me if the attached picture depicts a correct trade?

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

Gravitonium,

If you're trading the 2401 using entries on 343 then it is not a good trade - 343 ERG was too high. The way ES tested down one more time before going up is very common. But if you are trading the 16807 and used the 2401 for an entry then I can see how you wanted to get in on a potential HL there coz if it took off you wouldn't have had another chance. It all depends which chart is your main and which is your entry.

Personally, I trade the 2401-343 combo so I held off on that entry long and went short at 2:34 for the 2pt scalp. Hope it doesn't seem odd to you another Logic trader went short at that same point, but I know which is my timeframe and what i was looking for.

 

[gravitonium77]

Quote from voodster:

Quote from gravitonium77:
Could you or anyone else who knows, tell me if the attached picture depicts a correct trade?

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

Gravitonium,

If you're trading the 2401 using entries on 343 then it is not a good trade - 343 ERG was too high. The way ES tested down one more time before going up is very common. But if you are trading the 16807 and used the 2401 for an entry then I can see how you wanted to get in on a potential HL there coz if it took off you wouldn't have had another chance. It all depends which chart is your main and which is your entry.

Personally, I trade the 2401-343 combo so I held off on that entry long and went short at 2:34 for the 2pt scalp. Hope it doesn't seem odd to you another Logic trader went short at that same point, but I know which is my timeframe and what i was looking for.

Thank you voodster for your kind reply. I need to study what you say, as I think I'm missing something key in my understanding. This would be great news! Thanks again.

 

[Whisky]

Quote from gravitonium77:

Dear Proflogic, thank you for sharing. I have been studying and watching. Could you or anyone else who knows, tell me if the attached picture depicts a correct trade?

My apologies for my lack of computer drawing skills. The pink vertical line shows an entry signal after a PPF with the histogram showing up (green). You might have to really zoom in to see this. It seems I repeatedly see this arrangement where the label is right, the price bars are set for entry, and the histogram matches.


I understand I'll have losers, I just want to make sure I'm not doing something boneheaded. I assume that when the setup is right and you get stopped out, and another setup immediately presents itself that you should take the trade.

Thanks in advance, and thanks for a great thread.

Great question gravit.

One possible alternative to passing on the trade, is to take a faster exit when histo turned black again, before the stop was hit perhaps?.

One can always re-enter, but in that particular situation you really had to be fast as price was moving with quite a lot of speed.

I would like to read some more opinions about this particular case (I believe Proflogic calls it "early entry" or something), which as voodster says, happens quite often.

JW

 

[Wi!s0n]

Once again I'm still learning, but my study of his method instructs me to examine each trade for the rules he has posted. Entries were especially troublesome for me until I worked through them. Equally as troublesome were the exits.
The chart enclosed shows my understanding of the entries.
My question is more one of exits as this trade viewed from a short term perspective was worth only a couple of points at best, however from a longer perspective (16807 histo) it was good for 3-5 points more.
please note my histogram amplitudes are incorrect but, that is not critical.

 

[PPF->Breach]

gravitonium77,

There are two ways for entering the trade you showed. The first possibility would've been off the histogram oscillation on the 2401 chart. Assuming you entered and then the histogram oscillated again, this would've provided the warning that things had changed and a quick exit would've been on the cards.

The second possibility assumes you entered off a PF after ERG had oscillated in Prime on the 343 chart. You will note that price failed to breach the last oscillation and then the ERG oscillated back to red. Time to get out.

In both cases, the loss should've been contained to BE, or a tick or two, depending on how fast you respond.

Hope that helps

Quote from gravitonium77:

Dear Proflogic, thank you for sharing. I have been studying and watching. Could you or anyone else who knows, tell me if the attached picture depicts a correct trade?

My apologies for my lack of computer drawing skills. The pink vertical line shows an entry signal after a PPF with the histogram showing up (green). You might have to really zoom in to see this. It seems I repeatedly see this arrangement where the label is right, the price bars are set for entry, and the histogram matches.


I understand I'll have losers, I just want to make sure I'm not doing something boneheaded. I assume that when the setup is right and you get stopped out, and another setup immediately presents itself that you should take the trade.

Thanks in advance, and thanks for a great thread.