Orb

Discussion in 'Trading' started by Girlpower, Sep 4, 2003.

  1. If anybody is interested...toby crabel thinks that if there is a narrow range bar (the market's range is much narrower than the previous 4-7+days) and then the next day the market gaps up above/below yesterday's high/low (say by 1 percent), you've got a good chance that the stock will run up for a while. If there is high volume and the stock runs up for 5-10 minutes, then it's probably even better.

    Natalie, if you can test that, I'll send you some flowers.
     
    #11     Sep 4, 2003
  2. ttrader

    ttrader

    Better use 5 to 8 days (Fibonacci twist ...) :)


    ttrader
     
    #12     Sep 4, 2003
  3. Trust me: sending her these flowers first would be even better...:p
     
    #13     Sep 4, 2003
  4. opw

    opw

    better to use 1 day!
    If I find a large range day followed by a single narrow range day (less than half of the previous day), I look for a continuation in same direction as large bar on the third day. Not backtested, just an observation...

    I am sure Fibonacci would agree :D
     
    #14     Sep 6, 2003