Quote from El Guapo:
Greetings Logic Traders,
I'd like to discuss confirmation, a topic I've not yet seen covered in this thread. Its great to see many people using/beginning to use the method, but I'm afraid those that have only the knowlegde from this forum are missing a great deal.
Yes, the ERG study, Vol Charts, Histogram and Labeling program are all great "tools" to help visualize the trend.
I have been attempting to find a better solution to confirmation of Primes Top/Bottom. Currently, I've found that the ERG itself does indeed provide this confirmation, however, as all studies do, it lags far behind. Looking at the sequence of bars that provide PF's, I find that to be too subjective, and would much rather find a "study" or other variant that may be used "Objectivley". I have not been able to use the Histogram sucessfully for this endeavor; have any of you? If you've worked with this method long enough, you'll notice what I'm getting at.
Respectfully,
El Guapo
As I take a few deep breaths . . .
This thread started in November and this is now February. These indicators, along with the labeling, were posted in December and January, where someone could begin to load the information and start the learning process.
That means under IDEAL circumstances one would have had about 60 to 90 days to absorb what they were seeing on their screen, ask direct questions regarding the process and THEN put it together to allow the consistencies in the charting to build their confidences as to what they were seeing play out in real time.
The Problem - most everyone in this thread has PM'd me, asked questions in the thread or emailed me with questions as to get a better understanding of the process. I can't remember a single question, other than this one, from you. This one is great but understand something, 60 to 90 days of blind learning isn't going to answer a single question for you.
Confirmation of a Prime Trending Oscillations comes from the creation of Prime Trading Oscillations the same way High Tide and Low Tide POINTS (Prime Trending Osillations) are confirmed by the individual waves (Prime Trading Osillations)that create them.
The ERG verifies oscillations HAVE BEEN created. The ERG verifies that Prime Trading and Prime Trending oscillations HAVE BEEN created. Yes, the ERG lags and that is fine because we use them to tell us the AREAS a trade is setting up and to tell us a POINT to execute a trade is BEGINNING to BE CREATED.
The Histogram is about as clean of an indicator as you can get because it is simply the momentum portion of the ERG.
The PF sequence is the absolute most objective way to execute a trade that can be created because it relies on bars to trigger trades and not a inconsistent human generated "study". This is why the program I use works PERFECTLY! For a program to work consistently it has to be objective and for it to be objective it has to be built logically so it can be programmed.
1. IF - A Prime Trading Oscillation on your Trading Decision Chart creates a PPF (LH or HL) where the last sequential target Prime Trading Oscillation is a Prime Trading Breach (HH or LL)
2. AND THEN - The Histogram on your trading chart Oscillates (changes color) in Prime toward the Prime Trading Breach Oscillation on the Trading Decision Chart (for the strongest trade) or at least positive to the zero line for a strong trade.
3. AND THEN - The ERG on your Entry chart Oscillates (changing color) toward the Prime Trading Breach Oscillation on the Trading Decision Chart .
4. AND THEN FINALLY - The PF sequence, triggering the trade toward the Prime Trading Breach Oscillation on the Trading Decision Chart.
El Guapo, direct your question to Vienna if you want an answer other than mine. He has been working with my stuff for a few years.
