Why do people use Volume, Range and Tic charts?

Status
Not open for further replies.
Hi proflogic,
Been following your thread as well and wondered if you were now on the lookout for a possible buy point on the Dow ( S&P ) on Monday morning? After seeing the morning action that is?

erie
 
Hi ProfLogic,

I would like to check with you if I correctly understood your method. It would be maybe reformulated a lot but please let me know if I grasped the concept. Longer time ago I read Hurst and his approach to trade oscillations was very similar (much different tools used though) so I might be influenced by his method and probably confused some parts. Let us check:

1/ There are two charts, Trend (e.g. 7^4) and Timing (7^3), with Ergodic indicator on both charts

2/ On both charts there are formed Prime and Minor oscillations, Prime when Ergodic is above 10 (Prime Resistance) or below -10 (Prime Support) and Minor otherwise

3/ Prime Bull Trend is formed when Prime Resistance is formed above last Prime Resistance and new Prime Support after that point fails to breach last Prime Support (opposite for Prime Bull Trend)

4/ Take long trades only when Prime Bull Trend is established on Trend Chart (opposite for short)

5/ Long Set-Up is formed when Prime Support is reached on Trend Chart in Prime Bull Trend, second set-up is formed PPF (opposite for short)

6/ Long entry is executed on Timing Chart when Long Set-Up is formed on Timing Chart

7/ Trade price (consistently with patience), not indicator, Ergodic histogram just confirms Prime oscillations (zero line break or uptrend/downtrend change not traded) and Ergodic signal line shows divergences which are used just as warning signs (divergences not traded)

Exits and stops I leave to everybody's creativity. Here we just focus on low-risk entries in major trend direction.

Thanks.
 
Quote from nelo:

6/ Long entry is executed on Timing Chart when Long Set-Up is formed on Timing Chart
More...

To be precise:

6/ Long entry is executed on Timing Chart when Long set-up is formed on Timing Chart after Long set-up is formed on Trend Chart
 
Quote from ProfLogic:

You have a great intelligence and personality. Add to that a marvelous family and others could only hope to achieve that balance. Good Luck!
More...

Thx Prof...
 
one must always keep in mind that TA is descriptive not predictive. regardless of what is claimed or how it's packaged, TA in any form, does nothing but describe the past.


regards,
surf
 
Quote from marketsurfer:

one must always keep in mind that TA is descriptive not predictive. regardless of what is claimed or how it's packaged, TA in any form, does nothing but describe the past.


regards,
surf
More...

It doesn't take much to realize that one must always keep in mind that Marketsurfer does not belong in this thread. That is not predictive but descriptive........

erie
 
Quote from erierambler:

It doesn't take much to realize that one must always keep in mind that Marketsurfer does not belong in this thread. That is not predictive but descriptive........

erie
More...

:D

heretics are never welcomed in a gathering of true believers.

surf

:D
 
Quote from marketsurfer:

:D

heretics are never welcomed in a gathering of true believers.

surf

:D
More...

LOL, you'd better not take another trade for the whole freak'in year ...

JJ
 
Status
Not open for further replies.
Back
Top