Yes. It makes sense. It'll take a while to understand the inter-relation of timeframes, and then apply, that's for sure. A little progress each day. JW
I have seen nothing much today. The 16807 has been negative most of the day and the only 2401 prime histo sell was around 10:40 which I did not take. Hard to fight that huge up over night. The 117 is of course up so I have been looking for 16807 longs instead but nothing near prime longs. Agreed, another FOMC day of sideways action. Anyone reading today in a different or more productive fashion?
Strength wise it wise, 16807 ERG UP/Histogram DOWN. 1:06 pm EST was the confirming move of that bottom.
Prof, To clarify, are you saying it was valid since the ERG was up, eventhough the hist was down? JW... They are not automated yet, not sure if Ninja has the capability to cross reference charts
The capability is there in the Strategy function to incorporate different chart periods. It can be done. Your chart histo is slightly different than mine, and with cleaner oscillations. I wonder why. JW
On your slower strength chart you aren't trading it just looking to it for strength. Erg is slower so it is a stronger indicator of strength. Optimal is to have BOTH in the same direction as the trade but worst case is to have the ERG in your direction. You never trade with both against you.
What about situations like today, 9:50-4:30, when the histo is black but the ERG blue? I stood aside - but wonder if that was optimal, given the clear direction long. (Only trade today short off the 2401 ca 9:05, early exit in the later lateral because of the HL HH on the 16807.) - palinuro