ProfLogic's Method

[Tams]

This thread is for the discussion of ProfLogic's method.

The method can be use on day trades, swing trades as well as long term trades.

Attached is an example of his chart.
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[Tams]

Here is his one page Trading Rule summary

(a long page!)
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[brownsfan019]

Unless Tams can discuss the settings of the indicators being used, there's not much good in looking at screenshots or txt files. You need the settings or it's useless.

[raven4ns]

Hi Bill,
Now look what you did. You told them you were a flyfisherman and knew that Raven4ns guy and they said leave, is that how it went.....ahahahahaaha. I'm glad the thread was moved here, the focus can be back on your methodology, once again.
Bill, thanks for sharing your knowledge, bud. There are a lot of people who truly appreciate it....even if you are a flyfisherman...lol. Now get your hinie busy over here and impart some knowledge. Talk to you later, bud.

Tim

[BlowFish]

Bill Schamp pretty much completely revealed the settings of his indicators and his methodology in the 'early days'. Mind you from memory its is essentially based on price action using an ergodic to categorise significant HH's and LL's.

[Logic]

Originally Posted by raven4ns Hi Bill, Now look what you did. You told them you were a flyfisherman and knew that Raven4ns guy and they said leave, is that how it went.....ahahahahaaha. I'm glad the thread was moved here, the focus can be back on your methodology, once again. Bill, thanks for sharing your knowledge, bud. There are a lot of people who truly appreciate it....even if you are a flyfisherman...lol. Now get your hinie busy over here and impart some knowledge. Talk to you later, bud. Tim

Sorry Tim but flyfishing is DA BEST!!

I was asked to come over here so let's see if this is a more civil enviromment.
I'll post some of the charts later tonight.

[raven4ns]

Originally Posted by Logic Sorry Tim but flyfishing is DA BEST!! I was asked to come over here so let's see if this is a more civil enviromment. I'll post some of the charts later tonight.

Good man.
I hated that caterwauling going on because it distracted from what you were trying to explain. Plus the other members of the thread were learning, sharing and helping one another which was wonderful to see. Hell, even someone as dense as me might learn something...lol.
If I might make a request, buddy, friend, pal, fellow flyfisherman...lol... would you through in a stock chart every now and again, please? Perhaps something that most people could relate to like the QQQQ's would be suitable and help us relate to the action of stocks vs futures. Thanks again, bud, for everything.

Tight lines,

Tim

[DbPhoenix]

Just so the thread gets off to a good start, those who push commercial interests are discouraged. Those who make no sense and have no creds are, for the most part, ignored, and they die from lack of food. But those who are straight-shooters and answer questions clearly and sincerely are welcome and are even encouraged.

In any case, the atmosphere that pervades that "other" site won't be found here.

If I may, though, I suggest that you start at the beginning and not ask members to endure threads elsewhere that have an unbearable noise to signal ratio. You may be able to cover the gist of what you do and what you look at in only a few posts.

[Logic]

Originally Posted by DbPhoenix Just so the thread gets off to a good start, those who push commercial interests are discouraged. Those who make no sense and have no creds are, for the most part, ignored, and they die from lack of food. But those who are straight-shooters and answer questions clearly and sincerely are welcome and are even encouraged. In any case, the atmosphere that pervades that "other" site won't be found here. If I may, though, I suggest that you start at the beginning and not ask members to endure threads elsewhere that have an unbearable noise to signal ratio. You may be able to cover the gist of what you do and what you look at in only a few posts.

TAMS already got started there with the posting of the rules and now I will post a few chart giving the detail of the entry and exits. Today in the ES was a perfect example because it was such a crappy day. No one could every accuse me of cherry picking a day like today.

The first 3 charts are of the 2401 CVBS Bar Chart (Constant Volume/Share bar Chart) for today. I had to split them into 3 parts because I am traveling and did want to hook up my second monitor. The 4th chart is a longer term 823543 chart. It is a great example on why I prefer to trade longer term charts versis the faster intraday charts. Less noise and the slower charts. The slow chart here as well clearly shows the mass consolidation playing out currently on this bottom.

[elovemer]

... are we lost on this ....without CVBS ?
.... tick won't work ?
thanks

Originally Posted by Logic TAMS already gobottom.