Hello everyone, thanks for all the great posts, and yes this is my very first post,,,, question about the 801.50 short.. i took it but i had gone short the previous erg oscillation in the 343 also..with obvious results.. As you can see from my 343 chart Any ideas how to prevent this ? /am i missing something or just early entry?
Hahaha - while the cat's away, the mice do play. But no matter - most of these posts will be nuked in short order, which is a good thing. Case in point - the " ... Volume, Range and Tic Charts" thread recently linked by nkhoi. I find it quite humorous that Mandlebrotset was one of Prof's students/cheerleaders at that time. Very interesting. I labored through all 200+ pages as I developed an interest in this method, the majority of which pages were the continued beating of a dead horse. You guys do realize the frustration of others as they happen upon a thread of interest, only to struggle to keep some kind of train of thought while plowing through the bs. As far as Sushi, I'm amazed you even care to show your face, after the thorough ass-whoopin' delivered by Doug Allen earlier. Regardless of his intentions, he nailed your antics to the wall, my friend. You guys will be happy to hear I had a great day today using the methods - 23 gross points, 9 trades. My scalping normally requires 40-60 trades a day. I'm liking what I'm seeing - sorry if you can't see it. Got a humorous email the other day stating : the light at the end of the tunnel has been turned off until further notice. If anyone feels that way, I suggest they try looking down a different tunnel. Have a good one ...
I think the answer is that the 2401 histo had not turned black . . . but I'm still learning, so will wait for other more experienced people to give input . .
Although I'm not a scalper, I would be interested in seeing a few of your trades if you would be so kind.
Wils0n - I actually sat down here to send out a thankyou to yourself, for the excellent attachment you provided (but once again felt compelled to plea to the guys who are so bent on disruption) Such a structured offering goes a long way in helping others to learn. I need to ask - how did you create the assembled snippets? Old duff here - technically challenged. Do you first have to create the chart(s) arrangement on your monitor, and then take the snapshot? I'm afraid I'm due to leave here shortly, but will endeavor to become more involved, and provide some setups such as you provided. Regards ...
Nicely stated. Doesn't matter how you apply this information; Intraday, Swing, Position or Long Term . . . bottom line is consistency and confidence. Those two things will lead to constant profitability. You have to prove it to yourself though. Both sides of this debate shouldn't be a factor when it comes to YOUR profit potential.
Do you mean waiting for the 2401 to first give the signal (Histo oscillation) And THEN look for the 343? You mean no front running? just trading what you see? I see said the blind man
1. Perfect Trade â Summary (Intraday Trade) (In Trading Decision Chart) 1. Prime Trading PPF trade through to Prime Trading Breach. 2. Verify Histogram is in Prime but not yet oscillating. (In Strength Chart) 3. Confirm Histogram is in Same Direction on Strength Chart, next slowest chart. (This is for see the overall strength) (In Entry Chart) 4. ERG Oscillation in Prime. 5. Look for PF Bar or Bars 6. Look for Confirmed Price Failure Bar. 7. Enter at the open of the Execution Bar (this is the bar immediately following the Confirmation Bar). (Exit Position) 8. Exit Position Condition. a. Any ERG or Histogram Oscillation in Prime, and PPF exit immediately. b. Any ERG or Histogram Oscillation not in Prime, and PPF exit immediately. c. Any ERG or Histogram Oscillation in Prime, and a Breach, Breach or Match PPF, you may exit on PF Bar sequence or Adjust Stop to Previous like Oscillation until Stopped Out, a Divergent/Convergent oscillation is created or a failed oscillation is created. d. Any ERG or Histogram Oscillation not in Prime, and a Breach, Breach or Match PPF, you may exit on PF Bar sequence or Adjust Stop to Previous like Oscillation until Stopped Out, a Divergent/Convergent oscillation is created or a failed oscillation is created. Detail (In Trading Decision Chart) (1) Prime Trading PPF trade through to Prime Trading Breach. - In Trading Decision chart when PPF label shows then confirm previous label is Breach label. (2) Verify Histogram is in Prime. - For Long Position histogram must equal or below -10 (When PF confirms, histogram can swing back above -10). - For Short Position histogram must equal or above +10 (When PF confirms, histogram can swing back below +10). (In Strength Chart) (3) Confirm Histogram is in Same Direction on Strength Chart. - For Long Position Histogram in Strength Chart has to be in up direction - For Short Position Histogram in Strength Chart has to be in down direction (In Entry Chart) (4) ERG Oscillation in Prime. - For Long Position ERG is changing from Red color to Blue color and value must equal or below -10. - For Short Position ERG is changing from Blue color to Red color and value must equal or above +10. (5) Look for PF Bar or Bars - PF Bar definition in Book (6) Look for Confirmed Price Failure Bar. - For Long Position look for Swing Bar Low that is Higher then Previous Swing Bar Low. - For Short Position look for Swing Bar High that is Lower then Previous Swing Bar High. (7) Enter at Open of Execution Bar. - Enter position on open of bar immediately following the Confirmation Bar. (Exit Position) (8) Exit Position Condition. a. Any ERG or Histogram Oscillation in Prime, and PPF exit immediately. - For Long Position exit immediately upon confirmation of Oscillation (Oscillation must be 2 complete bars). - For Short Position exit immediately upon confirmation of Oscillation. (Oscillation must be 2 complete bars). b. Any ERG or Histogram Oscillation not in Prime, and PPF exit immediately. - For Long Position exit immediately upon confirmation of Oscillation. - For Short Position exit immediately upon confirmation of Oscillation. c. Any ERG or Histogram Oscillation in Prime, and a Breach, Breach or Match PPF, you may exit on PF Bar sequence or Adjust Stop to Previous like Oscillation until Stopped Out, a Divergent/Convergent oscillation is created or a failed oscillation is created. - For Long Position, Move the Stop Loss Point to Previous Swing (ERG Histogram Oscillation) Low and repeat until Stopped Out or a Divergent/Convergent oscillation is created. - For Short Position Move the Stop Loss Point to Previous Swing (ERG Histogram Oscillation) High and repeat until Stopped Out or a Divergent/Convergent oscillation is created. d. Any ERG or Histogram Oscillation not in Prime, and a Breach, Breach or Match PPF, you may exit on PF Bar sequence or Adjust Stop to Previous like Oscillation until Stopped Out, a Divergent/Convergent oscillation is created or a failed oscillation is created. - For Long Position, Move the Stop Loss Point to Previous Swing (ERG Histogram Oscillation) Low and repeat until Stopped Out or a Divergent/Convergent oscillation is created. - For Short Position, Move the Stop Loss Point to Previous Swing (ERG Histogram Oscillation) High and repeat until Stopped Out or a Divergent/Convergent oscillation is created.