Here is a play I took months ago in the YM. It worked out so well I took a screenshot and kept it for references. Glad I did cause now I can show you guys. Anek
Anec Could you include the timebar in your charts please. The only ones I see that fill the bill are around 9:34 and 14:58 EST.
Vinc, Not exactly the second bottom is slightly higher. Needless to say a double bottom in itself is a bullish formation so that gives you some sort of bias, not surprisingly it broke to the upside. Anek
FWIW Tradestation has a Penant Breakout Showme study that can be adjusted to pick up some symmetrical triangles... However, I believe the best software on the market is "your own Eye"...imho
the last one you posted reminds me of a wolfe wave in a way and I don't mean to be ironic here..well,whatever..be it d.bottoms or w.waves..if it brings us some green means it works
Gary, I took two, not at all three. Just like I suck at swing trading due to the necessity of larger stops I have trained my eye to spot them. Again, got to concentrate on your forte. Anek
Monti, I have tried the Pennant show me but as you said there is nothing like the eye. I have been unsuccessful at obtaining an ELD for Tradestation the facilates the search for them, aside from the show me you mentioned. I can spot them with ease but I could use assistance if I was looking at four eminis with two different timeframes. Could you please post the settings you got for the pennant show me ? Perhaps it can be useful to me. Thank you. Anek
OK Thx. I see the third one now. My charts are compressed quite a bit more than yours. I will try exanding my charts a bit. edit: Also clearer on the 5k. Might try that too. Too much fun.
We interrupt this journal to celebrate and welcome the return of Diamond Dave to Van Halen! /drool Anek