ProfLogic's Method

This is the other end of my desk.

 

This is the desk behind mine. Paul sits here and he trades stocks. He slept in today. He usually only trades Tuesday - Thursday.

 

THis is the other end of Paul's desk.

 

This is the 3rd desk. Aaron watches the eMini S&P . . . and ESPN.

 

Lastly desk four. Here was have 2 - 32" LCD's and the third one is on order. Craig sits here with his sun glasses on for obvious reasons.

 

Enjoyed the pics of what appears to be a very functional trading room. The message of benefits derived from employing an effective methodology seems quite clear here. Thanks for sharing.

 

proflogic,

Looks like a nice, quiet and clean work environment - like your charts.

I have a couple questions, if you don't mind, regarding yesterday's ES chart (attached):

Am I correct that according to the entry criteria you gave earlier, you would have no short entries because there is no oscillation above 0?

And no long entries because the slower chart is bear? (Otherwise I can see 2 potential longs, one poor and the other just before EOD.)

The labels are a work in progress ... need to work out the relation between the faster oscillations and the chart oscillations.

- palinuro

 

It is quiet and a place a small group of us can hang out each day while we trade. It's above my garage and about 1000 sq. ft.

Check my chart and look at the Histogram for the entry areas. There were 3 shorting areas yesterday. Two that were perfect and one that was valid but weaker due to price's ascending consolidation at the time.

No longs and the bounce at the end of the day from 865.25 wasn't valid on my chart due to the oscillation occuring above the zero line. The validity of not going long was confirmed overnight with the creation of the new low at 857.00.

Palinuro, what charting software do you use?

 

Trade #1 - Prime Trading PPF where the target is a Prime Trading Breach

Trade #2 - Prime Trading Breach PPF where the target is a Prime Trading Breach PPF (Weaker due to the Ascending Consolidation but a valid trade with caution)

Trade #3 - Prime Trading PPF where the target is a Prime Trading Breach

 

Right, you use the 2401 for intraday entries - the faster fractal makes a big difference!

I use NinjaTrader with ZenFire data - and am eagerly awaiting the next release....

Thanks for the info!


- palinuro