ProfLogic's Method

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

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  1. voodster

    voodster

    Wi!s0n, excellent illustration there.

    Insearch, note how the entry is not taken just because the ERG or hist got to prime, but after the ES made a PF after that. Get the line-ups right and it feels perfect.
     
    #711     Feb 17, 2009
  2. TRADE #2
     
    #712     Feb 17, 2009
  3. Wow, imagine that . . . our charts are nearly identical. Nicely done.
     
    #713     Feb 17, 2009
  4. The labels have a great deal to do in helping you learn to read price. I think someone have the NT ERG with labels. Let me look.
     
    #714     Feb 17, 2009
  5. Wi!s0n

    Wi!s0n

    thanks, good teacher.
    Histogram amplitude still needs adjusting though.
     
    #715     Feb 17, 2009
  6. I see that. It is just a little off. Is it set at 3X?

    Suggestion . . . dump the Histogram from the 343 chart. Way too distracting.
     
    #716     Feb 17, 2009
  7. Wi!s0n

    Wi!s0n

    As we've discussed, there is no histo adjustment. You had me remove the histo from the 343 but I snuck it back in as a shadow to anticipate the erg osciallations. You weren't supposed to see that. :D
     
    #717     Feb 17, 2009
  8. Got to run to Chiro appointment. Be back in bit.
     
    #718     Feb 17, 2009
  9. Evolution

    Evolution

    Wasn't the Strength Histo (16807V Chart) pointing in the wrong direction (up) for the two last short trades (801.50&795.75)?
     
    #719     Feb 17, 2009
  10. Wi!s0n

    Wi!s0n

    I am still learning.
    Yes but the 82 and 117 were in the down direction. I would have exited at the first pullback after the 801.50 and 795.75 entries. My target was the prime support bottom on the 16807. I would have re-entered where Prof explained above. My inexperience did not give me the confidence to stay with the trade as Prof did...because I shared your observation.
     
    #720     Feb 17, 2009
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