Wi!s0n, Based on your charts, the 2401 is your Trading chart (you trade off this) and the 343 your Entry chart. Following the 16807 histogram once you're in a trade taken from the 2401 is not one of the rules. Keep it simple while you are learning.
Did anyone see a practical entry on the 2401 after the 772.25 HL at around 7:40am? My 2401 hist did not hit prime until around 8:00am . . .
I'm sure it will, once I have a chance to study this carefully. Thanks very much for your carefully explained reply, I find it most valuable.
Can't tell. I don't see a taget oscillation and can't tell the resolution of the chart you posted. BUT . . . if it was a 2401 and the target oscillation was a breach, no because the entry is taken from the 343 (not shown) and if you were simply trading from the 2401 the Histogram had turned back down before the PF sequence completed.
The 16807 is the trending or strength chart, the 2401 is the trading chart, the 343 is the entry chart. Having the 16807 histogram in the same direction "enhances" your trade. The target on this trade was of course the breach at 774. My question was more of "could" you hold since the 16807 histo was showing strength?
-------------------------------- For a long or a short? Or looking at it as an alternate market to trade?