ProfLogic's Method

Discussion in 'Strategy Building' started by El Guapo, Nov 24, 2008.

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  1. pismo10

    pismo10

    16807 short around 818 at 1:52pm. There was an entry point at 819.50 earlier around1:35pm but you would have had to ride out that retracement. These were off a BR PPF tho so not as strong. 117 agreed.
     
    #491     Feb 2, 2009
  2. You guys are making me proud!!
     
    #492     Feb 2, 2009
  3. pismo10

    pismo10

    Days like today bug me... 117 ERG down, histo up. 16807 ERG up, histo mostly down even tho price has been grinding slowly higher since Monday. Not much range today.
     
    #493     Feb 3, 2009
  4. Hi all,

    if you don't mind me asking, what is 117 ERG?

     
    #494     Feb 3, 2009
  5. pismo10

    pismo10

    Long 16807 osc at about 2:10-15pm at around the 830 level. Entry on 2401. Exit around 3:40pm at 836. Not prime but the 117 agreed.
     
    #495     Feb 3, 2009
  6. pismo10

    pismo10

    That is the ERG line on the 117649 volume chart.
     
    #496     Feb 3, 2009
  7. I just uploaded Whisky's erg indicator on NT. Would someone using NT kindly post today's ES charts (343, 2401 and 16807)?
     
    #497     Feb 3, 2009
  8. I see, thx. So 16807 is your trading decision chart, 117649 your strength, and 2401 your execution?
     
    #498     Feb 3, 2009
  9. Pismo, would you post your charts so I can see how you made your decision please?


    Tim




     
    #499     Feb 3, 2009
  10. I know this stuff has been posted quite a few times but I'm posting this for my better understanding of the method and in the proces hopefully it will help someone else. I'd appreciate it if Prof, JW, prismo, or any other person would clarify

    For now this is my understanding of the what Prof describes as "perfect trade" step 1:

    Say my charts are as follows:
    343 - execution chart
    2401 - trading decision chart
    16807 - strength chart

    On the 2401 I'm looking for PPFs (i.e. LHs for shorts and HLs for longs), with the aim of reaching the previous breach (LLs in case of LHs and HH in the case of HLs), if the trades sets up fully.

    Breach/PPF is labelled when histo is in prime, (+10 or -10), with reference to the previous breach/PPF when histo was in prime. These labels come from the next faster chart (343 in my case). So if I have 2 occassions when the 343 histo comes to above +10 and the price on the second occassion is a PPF (LH) then I have a potential short setting up.

    Once you have a PPF, you should look to see whether the histo is in prime in the 2401 chart (for longs histo should be below -10 and for shorts above +10).

    Am I on the right track so far?
     
    #500     Feb 3, 2009
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