Why do people use Volume, Range and Tic charts?

[marketsurfer]

Quote from MadSpeculator:

Surf:

I dont know what your problem is. Why are you on Plogic's tail? If you have problems with him/her just say so. You are becoming very annoying!

FYI: CVB is a means of measuring "market time". "Market Time", inherently, is fractal in nature. This is not the chronological time most of us are used to. Unless you understand this (which, based on your posts, doesn't seem like you do), you will not get what plogic is trying to communicate.

If you really want to understand what plogic is saying think about the following:
- What does constant time charts measure?
- What does constant volume charts measure? (constant volume charts are NOT the same as constant tick charts).
- What use are these measurements to a trader? (Hint: Market understanding, trading tactics, etc).

Once you understand the answers to these questions, go re-read plogic's comments on CVB charts dampening [chronological] time based price oscillations.

Hope this helps.

-MadSpeculator.

PS: I am not interested in your negative comments!!!

no offense meant mr. speculator. thank you for the explanation. what is your opinion of the logical method? is it perfect as claimed??

however, allow me to be clear, Plogic has made multiple claims about how perfect and objective his trading system is. he even went so far as to have a perfect track record posted on his site for a number of years-- apparently, the web has since been scrubbed clean of these dubious and ridiculous claims--in addition, the method contains a large part of subjective choice whereas the logical one claims pure objectivity. these claims need challenged.

whenever his method or claims are questioned he launches into a tirade of personal attacks, etc. when he is challenged to prove his claims, he defends himself in the same nasty manner.

furthermore, the guy is a vendor selling a system. vendors should pay to post here, not sure why the logical one doesnt buy a sponsorship.

surf

 

[ZenEng]

Quote from MadSpeculator:

If you really want to understand what plogic is saying think about the following:

He doesn't and there is a multi-year record of his intentional disruptions.

 

[marketsurfer]

Quote from ZenEng:

He doesn't and there is a multi-year record of his intentional disruptions.

the true believers are out in full force, i see.

so you believe in the perfect fixed trading system?

do you agree with plogics consistent and rabid personal attacks when only his ideas are questioned? is questioning and challenging a trading system an intentional disruption?

surf

 

[Tums]

Quote from MadSpeculator:

Surf:

I dont know what your problem is. Why are you on Plogic's tail? If you have problems with him/her just say so. You are becoming very annoying!

he loves it when you say that... LOL.


If he were a knowledgeable and profitable trader, I would get upset too. But he is only a (grown) kid still living with his parents. He knows nothing better.

The best way to treat him is:

1. put him on IGNORE
2. DO NOT REPLY TO HIM (I am guilty of this all the time.)
3. There is a Complain button at the bottom right corner of every post. USE IT !.


I am taking my own advice -- I am putting him on ignore right now.

 

[dandxg]

Prof Logic, pardon the question if already answered. Do you use square roots because of the William Dunnigan? I am starting to research and read some of the "masters". I hope this isn't off topic. http://www.tradingfives.com/articles/squareroottheory.htm

 

[BlowFish]

You could do worse than reading "New Blueprints for Gains in Stocks and Grains" and "One-Way Formula for Trading in Stocks & Commodities". I think you can get them in a single publication. Something for everyone there. I particularly liked his price action stuff and the general rigour he approached research and definition. Having said that you may be disappointed with the sqrt stuff. From memory it was simply a method of deriving 'levels' to trade against. If you are researching the "masters" they should be on your list imho.

 

[raven4ns]

Hello,
Does anyone reading this thread use Sierra charts? I was hoping that you could post an image of a cv chart for some stock as well as their ergodic oscillator, perhaps a 117649 cv chart of the QQQQ or XON. Thank you.

Tim

 

[ProfLogic]

Quote from Razor:

Hi Prof,

Man, I must be very slow as I just can't get my head around how to decipher Primary Bull and Primary Bear trends and how they change. I thought all you needed was a HH, HL, HH on the chart you are watching / trading along with your oscillator hitting above the cut off line on the HH, below the cutoff line on the HL and then back above again on the HH and then you are in Primary Bull ?

Cheers

Trend comes from the Indicator portion of the chart not the price portion (top). We don't trade trend we trade price. You were really close on the trading oscillations thought. Good job.

 

[ProfLogic]

Quote from Marsupilami:

Based on my so far crude understanding of this method, you guys must be making a killing in trending markets. How do perform in ranging, choppy markets ?

Mars

Choppy Markets are ok but this method will keep you out of most trades in them. The only way you can take advantage of choppy times in a particular market is to speed up the chart increment.

Personally I prefer to just switch to a different market. I watch the Indices in the first part of the morning and then switch to the eGrains till noon. That is where my day usually ends.

 

[ProfLogic]

Quote from ZenEng:

More like Abbott and Costello "Whos on first? No, who's on second..."

Seriously, I don't know why we can't all completely ignore surf's posts, entirely.

Every reply, even the most trivial, encourages more noise on this thread.

I will try to contain myself.