[Logic]

Originally Posted by SunTrader »

From father to son the blood runs thin
See faces frozen still against the wind
The seam is split, the coal face cracked
The lines are long, there's no going back
Through hands of steel and a heart of stone
Our labor day has come and gone

-Bono-

I'm swamped with a new labeling program but will bookmark this and start posting soon.

[shrike]

Hi
I read entire thred and the rules posted by Tams , thanks for his effort to help TL.

i have a doubt related to this :

In the rules i read about three charts:
Trading Decision Chart,Strength Chart,Entry Chart , they are 3 differents type of charts ? each with different setting?

thanks to all

[TechnicalTrader]

Just getting started here but wanted to say one thing - the volume bars are such a logical chart type. I'm working on cobbling out a tradestation oscillator.

[become]

Originally Posted by TechnicalTrader »

Just getting started here but wanted to say one thing - the volume bars are such a logical chart type. I'm working on cobbling out a tradestation oscillator.

The tradestation code already exists. You might try sending proflogic a pm.

[Tams]

Originally Posted by TechnicalTrader »

Just getting started here but wanted to say one thing - the volume bars are such a logical chart type. I'm working on cobbling out a tradestation oscillator.

you can start here:

http://www.traderslaboratory.com/for...hted-7275.html

100.45

[Logic]

I personally like mine:

[Marsupilami]

So, does anyone use this method profitably ?

How objective is it really ? If two people used the same charting program and the same settings for the ergodic etc....would they both come up with the same entries and exits according to the rules by "Logic" ?

[Logic]

Originally Posted by Marsupilami »

So, does anyone use this method profitably ?

How objective is it really ? If two people used the same charting program and the same settings for the ergodic etc....would they both come up with the same entries and exits according to the rules by "Logic" ?

I use it profitably and know many others that do as well but I'm bias.

How objective is it? Extremely!

Most of use eSignal as a data feed and as you are probably aware, being on different data servers will produce very slightly different entries and exits but the overall results are consistent. There are others that use different feeds and even different charting software programs and the results are still extremely close.
The key is to confidently trade what is on your screen and that comes with screen time and building one's confidence in the rules and the outcomes as they play out in real time. The main problem with traders is that they don't have the patience to learn anything, they simply want a turn key method that will trade for them. Once must learn to read a chart first . . . period.

Example . . . in skeet shooting when the target is released the outcome is the same. The individual shooting at the clay target, aims and fires. Will everyone shooting at the clay target react in the exact same time frame, no but the reaction is identical. Good thing trading isn't like skeet shooting though where the target must be hit. In trading when executing the the trade in a particular direction it is only necessary that you get the price direction and strength correct. If the target isn't hit, you can still profit from the correct decision.