Hey Spyder . . . nice to see you discovered the Ergodic. What a wonderful indicator. Just don't overuse it. Sometime we will have to meet and compare notes. Here is the ERG on the Euro FX for today. Again . . . what trend?
Prof I also use Multicharts/esignal with your settings. Whilst I can see the shorting opportunity from 1.2871, price on my chart failed to reach Prime*. So after your post, I decided to create the same chart using Ensign/esignal and it confirmed that short at Prime! My question, what is the main factor that causes the differences between indicators when our settings are identical? FWIW, for trading purposes, how many days of data do you keep in your 6E intraday chart? Thanks PV * Actually it was close, but as you know close is relevant only for hand grenades, horseshoes and atom bombs
The beauty of "trading what you see" is just that. If your environment didn't show the particular Prime oscillation at 1.2871, then that wouldn't have been a Prime trading opportunity it would have been a minor one and less safe. One less trade on the day but it didn't effect the profitability for the day. You are right, close only counts . . . . that eliminates the discretion out of your trading. The more you watch price though the better you will see ALL the trading opportunities, both Prime & Minor. I keep 90 days of data on my working charts to keep the charts loading and caching smoothly. The differences come from the servers that give us out data. There are server farms on the East coast, Midwest, Westcental and West coast and because of minute discrepancies in the ticks occasionally this will translate into minor discrepancies in the way the ERG read the extremes of Momentum at a particular time. I've had instances where others will have Primes that I don't. It just makes it ever more clear to, "Trade what you see".
Thank you and you as well. It appears that the systems are similar in their approach albeit with different indicators. I try to keep my system very simple and I assume that you do too.
I my testing I found stochastic better than ergodic (which is a bit laggy) and RSI. Have you tested with stoch, proflogic?
Absolutely. In fact I used the Stochastic as my guide when I first began calibrating the ERG about 5 years ago. The major problem with the STO was it deadheaded. It lays on the top or bottom of the chart in Trending markets. You can't have that. You have to SEE each oscillation for exactly what it is . . . strength or weakness. It took me about a years worth of adjusting the parameters to get a large portion of the lag out of the ERG and to smooth out the choppiness but all indicators lag so it will be impossible to eliminate it all. Look at the charts I posted. The ERG has a range of (+/-100) but it rarely goes above +50/-50 even when a market spikes. I don't use the ERG to trade from anyway I use the ERG to Verify and Confirm Trend and then to Verify and Confirm where price is going in that Trend. Most traders use an indicator to trade from and I have found no consistency in that. I have found consistency in using the ERG to Verify and Confirm price which is infallible (as long as the datafeed is accurate).
are those actual trades on the logicalmarkettrends website, or some type of "ideal" situation projection? thanks, surf
from the professor's web site, FYI---posted for academic study: NOTHING IS PERFECT . . . BUT WE ARE STARTING OUT THAT WAY Total Trade Set-Ups (To Date) Winners Losers Break Even Win Percentage 188 181 0 7 96.28 % -------------------------------------------------------------------------------- Breakdown of Trade Set-Ups Total Trade Set-Ups Total Points (Not Counting Current Trade Set-Up) Points Per Contract Per Trade Average 188 744 3.96 Total Trading Days Average # of Trades Per Trading Day Points Per Trading Day Average Profit Per Contract Per Day Average 45 4.17 16.53 $830.68 Total Points Per Contract to Date (01/03/05 to Present) Total Profit Per Contract to Date (01/03/05 to Present) 744 $37,200.00 Session Breakdown SESSION TIMES TOTAL TRADES % OF OCCURRENCE Morning 9:30 AM - 11:59 AM EST 83 44.1 % Afternoon 2:00 PM - 4:15 PM EST 50 26.6 % Pre-Market 8:00 AM - 9:29 AM EST 12 6.4 % Lunch 12 Noon - 1:59 PM EST 35 18.6 % After Market 4:45 PM - 7:59 AM EST 8 4.3 % Monthly & Weekly Point Totals MONTH WEEK 1 WEEK 2 WEEK 3 WEEK 4 WEEK 5 TOTAL Ave. Pts. Per January 109 Points 79 Points 70 Points 76 Points 16 Points 350 Points 70 Points February 36 Points 84 Points 55 Points 41 Points 47 Points 263 Points 52.6 Points March 100 Points 31 Points 131 Points April May June July August September October November December Totals 245 Points 194 Points 125 Points 117 Points 63 Points 744 Points Ave. Pts Per 81.7 Points Points 62.5 Points 58.5 Points 31.5 Points Points Last Trade Set-Up for 2004 was a SHORT at 1218.00 on the December 31st, 2004, at 03:31 pm. DATE TIME PRICE BUY/SELL PROFIT/LOSS 01/02/05 06:19 pm 1214.00 Buy +4 01/03/05 09:48 pm 1220.00 Sell +6 01/03/05 11:10 am 1209.00 Buy +11 01/03/04 11:59 am 1211.00 Sell +2 01/04/05 10:04 am 1206.00 Buy +5 01/04/05 10:17 am 1207.00 Sell +1 01/04/05 02:50 pm 1188.00 Buy +19 01/05/05 10:21 am 1194.00 Sell +6 01/05/05 11:30 am 1190.00 Buy +4 01/05/05 11:50 am 1192.00 Sell +2 01/05/05 12:51 pm 1088.00 Buy +4 01/05/05 03:17 pm 1092.00 Sell +4 01/06/05 11:00 am 1186.00 Buy +6 01/06/05 02:40 pm 1193.00 Sell +7 01/06/05 03:30 pm 1189.00 Buy +4 01/06/05 03:50 pm 1191.00 Sell +2 01/07/05 08:27 am 1189.00 Buy +2 01/07/05 10:08 am 1192.00 Sell +3 01/07/05 10:48 am 1185.00 Buy +7 01/07/05 11:35 am 1192.00 Sell +7 01/07/05 12:22 pm 1191.00 Buy +1 01/07/05 12:39 pm 1193.00 Sell +2 01/10/05 09:34 am 1186.00 Buy +7 01/10/05 02:30 pm 1195.00 Sell +9 01/10/05 03:37 pm 1189.00 Buy +6 01/11/05 08:04 am 1189.00 Sell 0 (BREAK EVEN) 01/11/05 10:52 am 1185.00 Buy +4 01/11/05 11:51 am 1187.00 Sell +2 01/11/05 01:25 pm 1184.00 Buy +3 01/12/05 08:30 am 1187.00 Sell +3 01/12/05 10:58 pm 1178.00 Buy +9 01/12/05 12:42 pm 1185.00 Sell +7 01/12/05 02:49 pm 1183.00 Buy +2 01/13/05 10:39 am 1188.00 Sell +5 01/14/05 09:50 am 1180.00 Buy +8 01/14/05 10:06 am 1181.00 Sell +1 01/14/05 10:12 am 1180.00 Buy +1 01/14/05 12:40 pm 1186.00 Sell +6 01/14/05 02:18 pm 1183.00 Buy +3 01/14/05 03:55 pm 1186.00 Sell +3 01/16/04 07:18 pm 1185.00 Buy +1 01/17/05 07:40 pm 1186.00 Sell +1 01/18/05 10:24 am 1184.00 Buy +2 01/19/05 09:37 am 1196.00 Sell +8 01/19/05 09:57 am 1195.00 Buy +1 01/19/05 10:05 am 1195.00 Sell 0 (BREAK EVEN) 01/19/05 12:30 pm 1191.00 Buy +4 01/19/04 01:24 pm 1193.00 Sell +2 01/19/05 02:17 pm 1191.00 Buy +2 01/19/05 02:36 pm 1193.00 Sell +2 01/20/05 10:01 am 1179.00 Buy +14 01/20/05 11:21 am 1181.00 Sell +2 01/20/05 11:28 am 1180.00 Buy +1 01/20/05 11:53 am 1182.00 Sell +2 01/20/05 02:06 pm 1177.00 Buy +5 01/20/05 02:20 pm 1181.00 Sell +4 01/21/05 09:56 am 1177.00 Buy +4 01/21/05 10:09 am 1178.00 Sell +1 01/21/05 10:21 am 1177.00 Buy +1 01/21/05 11:36 am 1179.00 Sell +2 01/21/05 03:19 pm 1170.00 Buy +9 01/21/05 03:29 pm 1172.00 Sell +2 01/24/05 10:12 am 1170.00 Buy +2 01/24/05 10:38 am 1172.00 Sell +2 01/24/05 11:16 am 1170.00 Buy +2 01/24/05 12:07 pm 1172.00 Sell +2
First, allow me to clarify that this information is not on my website and hasn't been for almost a year. The 2006 data is even better. Second, allow me to state that, yes, I have a website but it is not open to the public so don't even ask for access. Surfer here, has purposely deleted the detailed explanation of this page as to make himself look like he is exposing something. What he is exposing is, as usual, himself. Please zip it up surf. If you are going to take this information out of context are you at least going to be man enough to admit it to all the ETers here or do you want me to post the exact detailed explanation of this data on the like page and expose you further as a manipulator and a liar? You make the call. Personally, I have explained this information to you numerous times. If for some rare ailment you can no longer understand English I would be more than glad to put it in a comparable language for you one more time.