ProfLogic's Method

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Quote from ProfLogic:

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.
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Hi Prof, 1-3 is clear . . . the question is regarding 4 . . . the PF sequence triggering the trade . . .

My understanding of a confirmed PF bar (for a short in this case) is this . . .

A potential pf bar is when theres a bar that makes a HH compared to a previous bar but does not take out the PPF high . . . so there is a "white space" to the left of the potential pf bar. If the next bar's high is lower than the pf bar's high (i'e white space to the right of the pf bar), then the pf sequence is confirmed and the trade is at the open of the next bar.

My question to Wi!son was that his comment on the chart he posted seemed to imply that for the pf to becomed a confirmed failure bar, 762.75 had to be broken to the downside . . . that is what I was trying to clarify . . .
 
Quote from Insearch:

Hi Prof, 1-3 is clear . . . the question is regarding 4 . . . the PF sequence triggering the trade . . .

My understanding of a confirmed PF bar (for a short in this case) is this . . .

A potential pf bar is when theres a bar that makes a HH compared to a previous bar but does not take out the PPF high . . . so there is a "white space" to the left of the potential pf bar. If the next bar's high is lower than the pf bar's high (i'e white space to the right of the pf bar), then the pf sequence is confirmed and the trade is at the open of the next bar.

My question to Wi!son was that his comment on the chart he posted seemed to imply that for the pf to becomed a confirmed failure bar, 762.75 had to be broken to the downside . . . that is what I was trying to clarify . . .
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Quote from Whisky:

I think that most people are screwing up on the exits more than on the entries.

I don't see an entry at 1:59 Insearch.

JW
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Here's what my 2401 looked like at the time . . .
 

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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
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The confirmation bar is the 1st bar that breaks BELOW (in this case) last support "pivot". The entry is the open of the next bar (or close of confirmation bar, same thing)
You must look c-a-r-e-f-u-l-l-y at Bill's example.
I squish my 343 chart up so look first at chart 1a. Then look at chart 1b. You must be trading from weakness not strength. Bottom line , price was making higher highs and higher lows.
 

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Quote from Insearch:

Here's what my 2401 looked like at the time . . .
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Great but the trade is executed on the 343. After the Histogram oscillates on the 2401 then you move to the 343 where you get the ERG oscillation and PF.
 
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