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ProfLogic's Method
- Thread starter El Guapo
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Quote from pismo10:
It looked good but the 16807 histo was negative so I passed.
Your strength chart has two components; ERG and histogram. ERG is long term strength and Histogram is short term strength. I will take a trade where the Histogram is against me but never the ERG and never when both are against the trade. I at least want the ERG in my favor.
Quote from ProfLogic:
Your strength chart has two components; ERG and histogram. ERG is long term strength and Histogram is short term strength. I will take a trade where the Histogram is against me but never the ERG and never when both are against the trade. I at least want the ERG in my favor.
Thanks, that is very, very helpful.
I'm a bit confused about some of the similar terminology and associated definitions, and I have a question about Prime Trending Oscillations and Prime Trading Oscillations. Is it correct to state that Prime Trending Oscillations are chart specific i.e., these price points are determined by that chart's erg oscillations in prime? whereas, Prime Trading Oscillations are the price points on a chart, which are labeled when the erg of the next fastest (smaller) chart fractal oscillates in prime? And can any more distinctions be made between these two terms? Thanks ...
Quote from mephistoII:
I'm a bit confused about some of the similar terminology and associated definitions ...
An additional question: if my earlier thoughts were correct, then that implies that any chart will show labels generated from both its own prime erg oscillations, and also those from the prime erg osc of the next fastest fractal?
I may have things totally misconstrued, and sure hope I'm not creating confusion for others.
Quote from mephistoII:
I'm a bit confused about some of the similar terminology and associated definitions, and I have a question about Prime Trending Oscillations and Prime Trading Oscillations. Is it correct to state that Prime Trending Oscillations are chart specific i.e., these price points are determined by that chart's erg oscillations in prime? whereas, Prime Trading Oscillations are the price points on a chart, which are labeled when the erg of the next fastest (smaller) chart fractal oscillates in prime? And can any more distinctions be made between these two terms? Thanks ...
Prime Trending Resistance Oscillations are Oscillations that occur (tops that change color) equal to or above the Prime Resistance line (+) 10 on the ERG portion of your TRADING DECISION CHART.
Prime Trending Support Oscillations are Oscillations that occur (bottoms that change color) equal to or below the Prime Support line (-) 10 on the ERG portion of your TRADING DECISION CHART.
Prime Trading Resistance Oscillations are Oscillations that occur (tops that change color) equal to or above the Prime Resistance line (+) 10 on the ERG portion of your ENTRY CHART but will show up as labels on the price portion of your TRADING DECISION CHART.
Prime Trading Support Oscillations are Oscillations that occur (tops that change color) equal to or above the Prime Support line (-) 10 on the ERG portion of your ENTRY CHART but will show up as labels on the price portion of your TRADING DECISION CHART.
Most oscillations are specific but Prime Trading are duplicated on both DECISION CHARTS & ENTRY CHARTS of the same market.
What other distinctions were you looking for?
Thanks Prof - that was exactly the answer I needed to understand. Have a fine day!
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