Why do people use Volume, Range and Tic charts?
- Thread starter fearless9
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this is an example of your misunderstanding.
objective testing has nothing do with my or your results, hence the word objective. you are speaking of subjective testing which in the world of science is meaningless.
provide the code and i will be happy to have your system tested in a proper objective fashion and report back the results.
otherwise, simply admit there is subjective bias and we can agree.
regards,
surf
Hi Prof,
Thanks for the reply
Ok, looking at your 2401 chart why would you call this a primary bull ? I see a lower high right before your first buy ? Is it because you have a higher low and this is good enough coupled with the occillator going back into climb mode ?
Then I drop down on the lower 343vb chart and on the second entry and I see you mark a 'breach LL' but then look for an entry on next occillation upmove ? Is this because the 2401vb chart is in HH, HL mode ?
Sorry if these questions seem basic or silly but having trouble getting my head around it all.
Cheers
PS: More silly questions I am sure but what is your definition of 'PPF' and 'Breach' on your charts ? Also, how does a chart switch from 'primary bull' to 'primary bear' and vice versa ?
Thanks for the reply
Ok, looking at your 2401 chart why would you call this a primary bull ? I see a lower high right before your first buy ? Is it because you have a higher low and this is good enough coupled with the occillator going back into climb mode ?
Then I drop down on the lower 343vb chart and on the second entry and I see you mark a 'breach LL' but then look for an entry on next occillation upmove ? Is this because the 2401vb chart is in HH, HL mode ?
Sorry if these questions seem basic or silly but having trouble getting my head around it all.
Cheers
PS: More silly questions I am sure but what is your definition of 'PPF' and 'Breach' on your charts ? Also, how does a chart switch from 'primary bull' to 'primary bear' and vice versa ?
Rule:
You can ONLY shoot groundhogs at night that are on the road.
Action: Groundhog is seen at dark in grass.
Reaction - Nothing, not on road.
Action: Groundhog is seen at dark in pool.
Reaction - Nothing, not on road.
Action: Groundhog is seen at sunrise in road.
Reaction - Nothing, not at dark.
Action: Groundhog is seen at midnight chasing a mouse on the center line of I-95.
Reaction - Dead Groundhog, shot between the eyes.
Get the point? Can this be tested for accuracy to count all groundhogs shot at night? Sure it can. Is it subjective? No, not if the rules are strictly followed.
A loose interpretation leads to subjectivity. A strict following of the rules leads to objectivity.
I guess it comes down to whether one trusts themselves to follow rules or is it in ones nature to take short cuts, be less than truthful about their actions or have limited confidence in their ability to follow directions.
You can ONLY shoot groundhogs at night that are on the road.
Action: Groundhog is seen at dark in grass.
Reaction - Nothing, not on road.
Action: Groundhog is seen at dark in pool.
Reaction - Nothing, not on road.
Action: Groundhog is seen at sunrise in road.
Reaction - Nothing, not at dark.
Action: Groundhog is seen at midnight chasing a mouse on the center line of I-95.
Reaction - Dead Groundhog, shot between the eyes.
Get the point? Can this be tested for accuracy to count all groundhogs shot at night? Sure it can. Is it subjective? No, not if the rules are strictly followed.
A loose interpretation leads to subjectivity. A strict following of the rules leads to objectivity.
I guess it comes down to whether one trusts themselves to follow rules or is it in ones nature to take short cuts, be less than truthful about their actions or have limited confidence in their ability to follow directions.
Quote from Razor:
Hi Prof,
Thanks for the reply
Ok, looking at your 2401 chart why would you call this a primary bull ? I see a lower high right before your first buy ? Is it because you have a higher low and this is good enough coupled with the occillator going back into climb mode ?
Then I drop down on the lower 343vb chart and on the second entry and I see you mark a 'breach LL' but then look for an entry on next occillation upmove ? Is this because the 2401vb chart is in HH, HL mode ?
Sorry if these questions seem basic or silly but having trouble getting my head around it all.
Cheers
PS: More silly questions I am sure but what is your definition of 'PPF' and 'Breach' on your charts ? Also, how does a chart switch from 'primary bull' to 'primary bear' and vice versa ?
The 2401 is in a Prime Bull Trend (Look at the computer generated label in the upper right corner of the ERG in the chart I just posted) but consolidating and a bit choppy at the top. See how 2204.8, a Minor Trending Oscillation, is making a HL compared to the last Minor Trending Oscillation? This is showing the strength as still going UP.
The labels on the 343 Price portion of the chart are generated from the Prime Oscillations on the 49 CVB chart and are not used in this situation. If you were traing the 343/49 you would use them but remember you are using the 2401/343. Too many charts will make your head hurt. You really only need one chart to trade but you CAN watch 2. It is more confusing though.
The hardest pat is trusting what you see but that comes with screen time watching the same oscillation occurances happen consistently regardless of chart increment or markt.
Hi Prof,
Thanks again for taking the time to reply and explain, you and Anek are both some real class guys
I am off to bed but I will read and re-read this a couple of times tomorrow morning.
One quick question: You say you really only need one chart to trade....if I wanted to knock out 2 - 5 trades a day on the NQ would you recommend just watching the 2401vb and nothing else ?
Cheers
Thanks again for taking the time to reply and explain, you and Anek are both some real class guys
I am off to bed but I will read and re-read this a couple of times tomorrow morning.
One quick question: You say you really only need one chart to trade....if I wanted to knock out 2 - 5 trades a day on the NQ would you recommend just watching the 2401vb and nothing else ?
Cheers
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