I just fade intraday highs and lows. Big secret...huh. But, some days, there's a bunch of us doing it, and we can make some good money.
GANN Can you believe it? We are up at 2:00AM researching, and these guys want what we don't "use" anymore, to top it all, while they are sleeping. Sheesh! nitro
My model, since it is orginally a mathematical model, doesn't reason directly in term of pattern, but I am now categorising some typical behavior and the one I have untitled Bullish Inverted Structure is typically a pullback pattern. I am in the process of formalising the definition so as to eliminate any fuzinesss and will then compile statistics - although I have already a good idea of what statistics should be but I will quantify exhaustively and very precisely once the definition is fixed - see trending days http://www.elitetrader.com/vb/showt...779&perpage=6&highlight=trending&pagenumber=7 <IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=418698>
Interestingly, what is a pullback, anyway? A series of price actions that collectively are evaluated as a pullback by some traders can be practically measured as a combination of an uptrend and an downtrend by others!
Nihil novum sub soleil... or something like that . Only approach might be innovative, like using 3d projection of price movement to predict future price turning points. Or better yet using unusual combination of indicators and or known methods. Shees.. I thought you know that