ProfLogic's Method
- Thread starter El Guapo
- Start date
- Status
Quote from PPF->Breach:
Bill/Mephisto
Thank you both for your replys.
I re-read my post and didn't think much of the way I posed the question so I want to have a second attempt at expressing myself
Essentially, there appears to me to be three entry scenarios:
1st:
Enter on ERG oscillation and PF sequence on your Entry Chart in Prime immediately as the Histogram on the Trading Decision Chart enter into Prime.
2nd:
Enter on PF sequence on your Entry Chart in Prime immediately after the Histogram on the Trading Decision Chart oscillates in Prime.
3rd:
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 .
Screen time has confirmed that the 1st and 2nd entry scenarios occur on a regular basis. I'm happy with those both of these and even recognise the 1st entry scenario tends to yield more early entries.
However, I haven't as yet seen the 3rd one play out in that exact sequence at all and am hoping someone would post some examples of this scenario, highlighting the exact time on trading/entry charts with the crosshair.
Mephisto, I guess this is what you meant by the 'degrees of perfection'.
I'm still learning so thanks very much for your patience.
Regards
1st - Correct (This is for those with a good amount of screen time watching price on this method. This is great when you are trying to enter a trade WITH the Trend. You are anticipating the Histogram Oscillation by doing this)
2nd - Correct ( if that PF is immediately following a 343 ERG Oscillation in Prime or if the 343 ERG Oscillates in Prime and then followed by the PF sequence)
3rd - see 2nd (I hope this clarifies)
It bears repeating that catching ONE of these 16807's a WEEK and properly riding it to completion is more than enough to be successful. The 2401 was in sync several times to climb on that wave up.
There are usually more than one of those every week too.
Just an ass with an opinion here, of course.
JW
I'm sure I must have overlooked a rule or by-law, but what allowed you to stay in the trade you took at 2:08 (approx.) through the hist oscillation that occurred at 2:17? Resulted in a major difference in points earned (approx. ~20 vs. ~10 if you exit at the first oscillation)...
Thanks for posting those charts...br
Thanks for posting those charts...br
Ok, that explains it. I was wondering all day how you managed to ride moves for extended periods given the frequent oscillations that occur. Anyway, understood now that its only relevant with a PPF.
However, one point I'm still missing is the divergence/convergence aspect. I reread the rules on 10 and searched the forums, but can't find what you are referring to with "divergence/convergence." I'm assuming its a histo oscillation on the trading chart, but what is it being considered in relation to?
I can only find it referred to as a "divergent/convergent oscillation", but not quite sure what it is referring to.
thanks in advance...
thanks
However, one point I'm still missing is the divergence/convergence aspect. I reread the rules on 10 and searched the forums, but can't find what you are referring to with "divergence/convergence." I'm assuming its a histo oscillation on the trading chart, but what is it being considered in relation to?
I can only find it referred to as a "divergent/convergent oscillation", but not quite sure what it is referring to.
thanks in advance...
thanks
One will find divergence/convergence between the oscillator (in our case, the ergodic) and price. Two examples of divergence have been marked in the attachment. Most typical is price makes a HH, while the oscillator makes a LH. The other divergence marked is a case where the osc makes a lower low as price makes a HL (not the best example,but just quickly trying to give you an idea of one). Convergence is as it says, and can easily be seen where price makes a LL, while the osc prints a HL. Or, also in a downtrend, price makes a LH as the osc makes a HH. We can encounter d/c when comparing price to Prime Trending Oscillations (the erg line on our trade decision charts) and also on the histograms in relation to Prime Trading Oscillations on the same. They will also appear on our strength and entry charts. None of these occcurrences are considered a reason for entry, but rather as additional confirmation of the setup we are currently anticipating. Or, pertaining to the recent discussion, a reason for exiting a trade, since one can expect a change of price direction at these areas. Hope this is clear enough ...
Edit: Must be tired here, as I failed to mark the most obvious area. Strike a line from the Breach HH 795.25 up to the high of day 800.50. Do the same across the peaks of the histograms corresponding to those areas. And now I see another even better (lol) ... check out the two Prime Trending Osc of the erg line at these two price areas. No doubt I missed that in realtime - we have a lot to keep in mind as we learn.
Here's the better example I was referring to in my previous edit comment ... I'm sure you realize these can take a while to develop, and only serve to provide a larger perspective wrt subsequent price direction.
Sushi or cut-bait? nevermind...
Mephisto - thanks for the response...So, referring back to the 2401 that prof posted and the exit he took at 14:23, I am guessing the divergence then was that the second consecutive prime histo oscillation was a LH (not the price, but the histo level), and therefore that was the cause for the exit.
This seems the most subjective, or if not subjective most nuanced part of the approach that I've encountered to date. I may have to write the c/d possibilities down on flash cards so that I may memorize them and be ready in real time
I see how it is critical though -- i was already noting a serious deficiency in using simple trading chart histo oscillations as exit signals.
I would like to code up these entry criteria so that I could backtest various exit strategies...would be interesting to test a few different approaches.
Thanks for providing the detailed explanation.
br
Mephisto - thanks for the response...So, referring back to the 2401 that prof posted and the exit he took at 14:23, I am guessing the divergence then was that the second consecutive prime histo oscillation was a LH (not the price, but the histo level), and therefore that was the cause for the exit.
This seems the most subjective, or if not subjective most nuanced part of the approach that I've encountered to date. I may have to write the c/d possibilities down on flash cards so that I may memorize them and be ready in real time
I see how it is critical though -- i was already noting a serious deficiency in using simple trading chart histo oscillations as exit signals.
I would like to code up these entry criteria so that I could backtest various exit strategies...would be interesting to test a few different approaches.
Thanks for providing the detailed explanation.
br
- Status