ProfLogic's Method

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Quote from Jander:

Looking for a test of 844 on this one, will exit on hist. divergence though
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I caught that one as well for 2 pts. Looked perfect. Bought about 14:02 around 839.25.
 
good job pismo

16807 hist. is diverging, strong down move too. Exited for a couple.

I thought that was gonna have alittle more gas in it, bummer ... Look for the next one I guess
 
Quote from Jander:

Looking for a test of 844 on this one, will exit on hist. divergence though
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Nailed it . . .
The Divergence showed up first on the 343 ERG at Prime Resistance.
Congratulations on learning to read price.
 
On your chart proflogic, I actually see the 831.50 on my 2401 ninjatrader chart, would you not have taken this long?

Thanks in advance....


Quote from ProfLogic:

LostTrader,

This was the set up from 8:30 am EST taken from the 343 CVB Chart. This chart is way to fast for me but can be used as a scalping chart.
I've posted the 2401 (a fast typical intraday trading decision chart) to show you how your chart is playing out in that environment. There (2401) we were inside a Prime Trading Breach of Resistance toward a Prime Trading Breach of Support environment.
For scalping, price & strength was still going down and thus a good trade though it played out in two parts. That first entry (early entry) occurs a lot on the faster charts.
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Yes, in hindsight I see that this trade was working against both the 2401 and 16807 ERGs.

I didnt catch the 343 prime resistance, I have noticed sometimes that doesnt hold back price at all, even it will migrate down to prime support all the while price keeps moving up..

Will have to pay more attention to the subtleties
 
Quote from oraclewizard77:

On your chart proflogic, I actually see the 831.50 on my 2401 ninjatrader chart, would you not have taken this long?

Thanks in advance....
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831.50 is a Prime Trading Breach PPF

Perfect Trades begin with a Prime Trading PPF and they aren't the same.
 
Quote from Jander:

Yes, in hindsight I see that this trade was working against both the 2401 and 16807 ERGs.

I didnt catch the 343 prime resistance, I have noticed sometimes that doesnt hold back price at all, even it will migrate down to prime support all the while price keeps moving up..

Will have to pay more attention to the subtleties
More...

The key is to understand this price action in real-time.
Anyone can see it in hindsight.
When everything is lined up it is a beautifull thing but one has to have the patience to wait on those. In the meantime read what the oscillations that ARE being created are telling you.
 
Hello PPF->Breach

Would you mind sharing your exact entry time for this trade because on my charts the 2401 Strength confirmation (Histogram switching from up to down) occurred only at 13:27 CET (07:27 Eastern Time), but by that time the market had already moved quite a bit and I would have had a hard time entering on the 49.

Alternatively, there was indeed a perfect entry on the 343, but in this case the tradeoff would have been a 2401 Histogram that was still up.

Thanks


Quote from PPF->Breach:

They don't get any better than this!
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