FORUMS BROKERS SOFTWARE
Home
 
    Forums > Main > Trading > Hey all you price predictors: when is a pullback gonna come?


View Poll Results: ?
Before the end of next week 19 25.68%
between 1-2 weeks from now 7 9.46%
between 2-3 weeks from now 2 2.70%
between 3-4 weeks from now 3 4.05%
between 4-5 weeks from now 4 5.41%
NEVER!!! GO LONG CALL OPTIONS WITH FULL MARGIN!!! 39 52.70%
Voters: 74. You may not vote on this poll

Reply
 
Thread Tools
Old Feb 16th, 2012, 11:15 AM   #151
1a2b3cppp
 
 
Join Date: Sep 2008
Posts: 2,736
Quote:
Quote from SteveNYC:

Uptrend = two or more consecutive days of green on the screen.
That's a new one.

So are you saying that after two consecutive green bars there is a greater chance of the next bar also being a green bar?
    Quote
Old Feb 16th, 2012, 11:51 AM   #152
SteveNYC
 
 
Join Date: Jul 2010
Posts: 895
Quote:
Quote from 1a2b3cppp:

That's a new one.

So are you saying that after two consecutive green bars there is a greater chance of the next bar also being a green bar?


That's what I have experienced.

I believe Jesse Livermore said the same thing but more eloquently.

Human brains are wired to look for losses/red screens.

When they see an uptrend (gains/green screens), they get very nervous and hesitate/don't buy. Why? B/c they are not seeing losses/red screens.
    Quote
Old Feb 16th, 2012, 04:36 PM   #153
traderrn
 
 
Join Date: Mar 2010
Posts: 56
Uptrend - higher highs being made, last higher low holding
Downtrend - lower lows being made, last lower high holding

When the last HL (uptrend) or last LH (downtrend) is taken (did not hold), it could mean that a trend change is in progress or that it was a fake and the old trend continues.
    Quote
Old Feb 16th, 2012, 05:09 PM   #154
1a2b3cppp
 
 
Join Date: Sep 2008
Posts: 2,736
Quote:
Quote from SteveNYC:

That's what I have experienced.
I believe this could be easily backtested.

if (yesterday and yesterday-1) = green
{
BUY today open
SELL today close
}



*waits patiently for someone to backtest and also waits for the BACKTESTING IS WORTHLESS crew of "gurus" to hijack this thread*
    Quote
Old Feb 16th, 2012, 05:12 PM   #155
1a2b3cppp
 
 
Join Date: Sep 2008
Posts: 2,736
also, how would you string them together?

Do you ALWAYS buy if the previous two days were green?

So in other words, if the chart goes like this:

day 1: green
day 2: green
day 3: green
day 4: red
day 5: green
day 6: red
day 7: green
day 8: green
day 9: green
day 10: green

You would buy on:

day 3 (because day 1 and 2 were green)
day 4 (because day 2 and 3 were green)
day 9 (because day 7 and 8 were green)
day 10 (because day 8 and 9 were green)
day 11 (because day 9 and 10 were green)

correct?

Or is it ONLY on the day after two green days preceded by a red day, in which case the only day you would buy in the above example would be day 9.
    Quote
Old Feb 16th, 2012, 05:14 PM   #156
1a2b3cppp
 
 
Join Date: Sep 2008
Posts: 2,736
The current level for a 5% SPY pullback is $129.36.
    Quote
 
Reply
Thread Tools

Forum Jump



   Conduct Rules   Privacy Policy   Sitemap Copyright © 2014, Elite Trader. All rights reserved.   

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures
Futures Trading & Clearing
AMP Global Clearing
Futures and FX Trading
Collective2
Automated Trading Services
CTS
Futures Trading Software
dom993trading.com
NinjaTrader Consulting
eSignal
Trading Software Provider
FXCM
Forex Trading Services
Global Futures
Futures, Options & FX Trading
Interactive Brokers
Pro Gateway to World Markets
JC Trading Group
Direct Access Trading
MB Trading
Direct Access Trading
NinjaTrader
Trading Software Provider
optionshouse
Option Trading & Education
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thenut-trader.com
FX, Gold, & Stock Signals
TradersStudio
System Building & Backtesting
Tradier
Equity and Options Trading
Trading Technologies
Trading Software Provider