Why do people use Volume, Range and Tic charts?
- Thread starter fearless9
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Hey Surf, just because the sun is shining on you doesn't mean you can come over here and try to cast-a-cloud on what the Prof is doing.
Me, I honestly don't care about who's right ... I only care about trading well, which will lead to success in the market place.
The truth of the matter is ... you might both be correct ... now, when you can pull your mind out of that mobius strip reality tunnel you inhabit, you might start to achieve some type of consistent success, instead of going through these 6 month long winters.
Good trading,
Jimmy J
Me, I honestly don't care about who's right ... I only care about trading well, which will lead to success in the market place.
The truth of the matter is ... you might both be correct ... now, when you can pull your mind out of that mobius strip reality tunnel you inhabit, you might start to achieve some type of consistent success, instead of going through these 6 month long winters.
Good trading,
Jimmy J
Razor
At the time of your screenshot, price was still in a Bear Trend having confirmed Prime Support.
If you are modelling your approach on Proflogic's, then you will be able to uncover most if not all of his methods by doing a search on ET.
As you do this you will see that by his strict definition, trends do not immediately transition from Primary Bull to Primary Bear, or vice versa.
Regards
At the time of your screenshot, price was still in a Bear Trend having confirmed Prime Support.
If you are modelling your approach on Proflogic's, then you will be able to uncover most if not all of his methods by doing a search on ET.
As you do this you will see that by his strict definition, trends do not immediately transition from Primary Bull to Primary Bear, or vice versa.
Regards
Quote from Razor:
Hi,
I know Prof is extremely busy so I thought I would post this on this thread in the hopes that someone that follows his ideas could comment on my chart. Cheers
Please have a look at the chart below and see if I labeled it correctly. Basically I just used my price oscillator and every time the osc went either +.50 or .50 (black lines are the .50 lines and the red line is the centre line) I looked at price to see if it was making either a HH, HL, LL or LH. If price didn't make a HH, HL, LL or LH with the osc above or below the .50 zones then I didn't mark these points on the chart as what I am thinking is for the actual Primary trends one needs to only mark HH, HL, LL, or LH points when the osc is above or below the .50 zone.
From this chart I basically have the NQ in Primary Bear at the start up until where I have it go into Primary Bull as indicated on the chart...is this correct ?
I would imagine the best thing to do would be to look for only shorts when in the chart is in Primary Bear and only longs when in Primary Bull ?
Cheers
http://i11.tinypic.com/8gio01s.png
PS: Reposted this as I didn't want it to get left behind
Hi Village,
Yea I have read through almost all of his ET posts over the last few months and he has sent me charts etc; however, I am still having difficulty defining the Primary Trend on the chart I am watching / trading. I was under the impression that if a chart was in a Primary Bear and then had a HH, HL and HH with confirming oscillator then it switched to Primary Bull.
Oh, well, back to the drawing board
Cheers for your reply and help
Yea I have read through almost all of his ET posts over the last few months and he has sent me charts etc; however, I am still having difficulty defining the Primary Trend on the chart I am watching / trading. I was under the impression that if a chart was in a Primary Bear and then had a HH, HL and HH with confirming oscillator then it switched to Primary Bull.
Oh, well, back to the drawing board
Cheers for your reply and help
no "cloud casting" here ( i like that term, nice!) simply trying to show that there is WAY MORE subjective features of P.logic's method than he admits in the sales pitches. there is nothing wrong with subjectivity, just admit it and stop pushing the past as if it the future.
surf
facts are, all that is happening here is an artificial construct is being placed on consistent chart based price--then a smoothing factor is introduced such as the prime number based tic bars.
this gives the appearance of prediction on past charts when combined with smooth sounding explanations, it's highly seductive.
unless one looks at it objectively and understands whats actually going on under the boards--then it becomes like anyother subjective method--- can it work, sure. does it work all the time, no way!
surf
this gives the appearance of prediction on past charts when combined with smooth sounding explanations, it's highly seductive.
unless one looks at it objectively and understands whats actually going on under the boards--then it becomes like anyother subjective method--- can it work, sure. does it work all the time, no way!
surf
For those of you looking at Prof's method and the ES....
The HH at 1462.50 told you, the probability was there would be a HL somewhere above 1450.25...and a chance to go long...
There were several "early entries" catching what turned out to be the bottom at 1452.75.... the good news is, those early entries gave you a chance to get out break-even if that was your wish...
Once you caught the bottom at 1452.75, the initial target was 1462.50 or better...whether you got it all or not, we actually made it to 1468.50....
The method isn't "perfect"....it just works tremendously better than buying tops and selling bottoms...
Keep the faith...
And another long...HL from 1560.25...no early entries on this one...target of 1568.50...presently at a high of 1569.25
Great day in the market!
Great day in the market!
Your links have absolutely nothing to do with what we are discussing here.
You didn't know what a Tick Bar was let alone comprehend the difference between a Tick Bar and a Volume Bar.
Your questions have been repeatedly answered but you aren't bright enough either to research the answer to figure it out or simple read it and understand it.
Hell, I don't understand most medical procedures but I'll be damned if I'm going to go to a hospital and argue with the head of surgery that he made a wrong incision.
You are clueless and just type to see your words in print. I repeat . . . go play with your socialite buddies.
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