ProfLogic's Method

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Wi!s0n,

Based on your charts, the 2401 is your Trading chart (you trade off this) and the 343 your Entry chart.

Following the 16807 histogram once you're in a trade taken from the 2401 is not one of the rules. Keep it simple while you are learning.


Quote from 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.
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Did anyone see a practical entry on the 2401 after the 772.25 HL at around 7:40am?

My 2401 hist did not hit prime until around 8:00am . . .
 
Quote from PPF->Breach:

gravitonium77,

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Hope that helps
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I'm sure it will, once I have a chance to study this carefully. Thanks very much for your carefully explained reply, I find it most valuable.
 
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.
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Can't tell.
I don't see a taget oscillation and can't tell the resolution of the chart you posted.
BUT . . . if it was a 2401 and the target oscillation was a breach, no because the entry is taken from the 343 (not shown) and if you were simply trading from the 2401 the Histogram had turned back down before the PF sequence completed.
 
Quote from PPF->Breach:

Wi!s0n,

Based on your charts, the 2401 is your Trading chart (you trade off this) and the 343 your Entry chart.

Following the 16807 histogram once you're in a trade taken from the 2401 is not one of the rules. Keep it simple while you are learning.
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The 16807 is the trending or strength chart, the 2401 is the trading chart, the 343 is the entry chart. Having the 16807 histogram in the same direction "enhances" your trade. The target on this trade was of course the breach at 774. My question was more of "could" you hold since the 16807 histo was showing strength?
 
Quote from asiago:

Thia is what i am looking at right now
ten year notes
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For a long or a short? Or looking at it as an alternate market to trade?
 
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