ProfLogic's Method

[ProfLogic]

Quote from Insearch:

and my 343, arrow denotes entry point . . .

Looks good . . . what's the problem.
You need to get rid of the Histogram on the 343 though.

 

[Insearch]

Quote from ProfLogic:

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.

The Prof is out to spank me . . .

See 343 a little after my 2401 post

 

[Whisky]

Quote from Insearch:

and my 343, arrow denotes entry point . . .

Look around 13:53. I see nothing at 13:59.

JW

 

[ProfLogic]

Quote from Insearch:

The Prof is out to spank me . . .

See 343 a little after my 2401 post

got it

sorry, too fast on the post.

 

[Insearch]

Quote from Wi!s0n:

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.

Thank you for the detailed explanation Wi!son . . .

Prof thank you for the additional examples on pf bars . . . I believe I understand it better . . . it's a simple system, but not easy . . . you have to pay very careful attention to all the rules . . . NO SKIMPING and half-ass understanding . . .

 

[Whisky]

Why exactly was the bar marked in Orange and black line not the first PF bar and signal to short?.

Wilson, Prof, anybody.

TIA.

JW

 

[Insearch]

Quote from Whisky:

Why exactly was the bar marked in Orange and black line not the first PF bar and signal to short?.

Wilson, Prof, anybody.

TIA.

JW

According to Wi!lson's explanation, it is, if I've understood it correctly (this is a test ) but actual trade happens when 766.25/766.50 is broken to the downside (confirmation of price failure . . .)

I don't know if Prof just put the arrow in the wrong place by mistake . . .

 

[Wi!s0n]

Prof waited until the 2401 histo turned black, then looked for a pf to enter. Although I can't speak for him, it is obvious to me he is pointing to the pf, not the confirmation bar where he entered. My previous posts showed a confirmation bar below the HL with a subsequent entry. Your orange square was a pf but but not THE pf. Again, you are shorting when the market is making higher highs. Where Prof and I short, the market is clearly making lower lows and lower highs (pf).
Below is the way I understand pf's, the more important lesson is when to use them. Since Prof's image is now public I suppose, this is the one I have on my office wall.

 

[Whisky]

Quote from Wi!s0n:

Prof waited until the 2401 histo turned black, then looked for a pf to enter. Although I can't speak for him, it is obvious to me he is pointing to the pf, not the confirmation bar where he entered. My previous posts showed a confirmation bar below the HL with a subsequent entry. Your orange square was a pf but but not THE pf. Again, you are shorting when the market is making higher highs. Where Prof and I short, the market is clearly making lower lows and lower highs (pf).
Below is the way I understand pf's, the more important lesson is when to use them. Since Prof's image is now public I suppose, this is the one I have on my office wall.

Thanks Wilson. But now I'm really confused. How can we see such different things?. Look at this pic.

I insist so much, because I want to tell a computer what to "see".

JW

 

[ProfLogic]

Quote from Whisky:

Why exactly was the bar marked in Orange and black line not the first PF bar and signal to short?.

Wilson, Prof, anybody.

TIA.

JW

Because you had to wait for the Histogram on the 2401 to oscillate.