ProfLogic's Method

[ProfLogic]

Quote from pismo10:

Yes that is the exact spot where I sold that you labeled on your 343 chart, that swing bar up, then the next with no higher top, then sell the open of the next.

Then I am totally confused . . . if you shorted there who on earth did you loose if you exited on the next ERG Support oscillation?

 

[pismo10]

I agree the next 343 sell was a beauty. As was the one around 2:30pm if you were comfortable with a non-prime 2401 histo.

 

[ProfLogic]

Quote from Whisky:

Was this also a valid entry/exit Bill?. Too fast for me, but I think it's according to the rules.

JW

That is my chart. Don't understand your question.

 

[pismo10]

Quote from ProfLogic:

Then I am totally confused . . . if you shorted there who on earth did you loose if you exited on the next ERG Support oscillation?

Wilson's first chart, not your newer one Prof. sorry.

 

[ProfLogic]

Quote from pismo10:

I agree the next 343 sell was a beauty. As was the one around 2:30pm if you were comfortable with a non-prime 2401 histo.

Pismo your problem is that your overwhelming desire to "trade" supersedes your ability to "wait" and have "patience" to take the trades that carry the least amount of risk and the most consistent profitability.

JW . . . this is exactly what I was talking to you about in the PM. There isn't a worry in the world that too many people will ever learn this because individuals will do everything in their power to complicate it.

 

[Whisky]

Quote from ProfLogic:

That is my chart. Don't understand your question.

I had marked your chart with an entry and exit. Here are the entry-exit marks in my chart off the first brief 2401 histo oscillation. One had to be very fast.

JW

 

[pismo10]

Quote from ProfLogic:

Pismo your problem is that your overwhelming desire to "trade" supersedes your ability to "wait" and have "patience" to take the trades that carry the least amount of risk and the most consistent profitability.

JW . . . this is exactly what I was talking to you about in the PM. There isn't a worry in the world that too many people will ever learn this because individuals will do everything in their power to complicate it.

I take very few trades a week. I see many, like the 2:30pm one, and take very, very few, maybe 3-5.

 

[ProfLogic]

Quote from pismo10:

I take very few trades a week. I see many, like the 2:30pm one, and take very, very few, maybe 3-5.

You still haven't mentioned your chart.

 

[Insearch]

Quote from Wi!s0n:

Pismo, revist your understanding of a pf and be prepared for Bill to scold you for using all those indicators
see if this chart helps

Wi!son, not sure why you are saying the first sequence did not confirm. Aren't the "white spaces" on either side of the pf bar the confirmation?

From your chart it seems to imply confirmation occurs if 762.75 had been broken to the downside . . .

Is my understanding of pf wrong/incomplete?

btw, I took the same trade as pismo and got out for a 1.5pts loss as soon as 2401histo turned green . . .

Relating to the same ocsillation I entered short again around 1:47 which was a small gain . . . but should have entered yet again at around 1:59

 

[ProfLogic]

Quote from Insearch:

Wi!son, not sure why you are saying the first sequence did not confirm. Aren't the "white spaces" on either side of the pf bar the confirmation?

From your chart it seems to imply confirmation occurs if 762.75 had been broken to the downside . . .

Is my understanding of pf wrong/incomplete?

btw, I took the same trade as pismo and got out for a 1.5pts loss as soon as 2401histo turned green . . .

Relating to the same ocsillation I entered short again around 1:47 which was a small gain . . . but should have entered yet again at around 1:59

What part of this sequence is so hard to understand?

IF - A Prime Trading Oscillation on your Trading Decision Chart (2401) 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 (2401) 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 (343) Oscillates (changing color) toward the Prime Trading Breach Oscillation on the Trading Decision Chart .

4. AND THEN FINALLY - The PF sequence, triggering the trade on the Entry Chart (343) toward the Prime Trading Breach Oscillation on the Trading Decision Chart.