Is anyone here using pattern recognition techniques to trade real money? What is the best timeframe to apply such analysis? Can anyone suggest a good book on this subject and software packages? I just got a new job with a hedge fund (1.5 Billion USD under management) as a technical analyst and my first assignment is to explore this area and develop an automated trading system to test under real market conditions. John
www.trade-ideas.com its odd that a billion dollar fund would hire someone who knows so little--- labor pool must be getting thin. best wishes! surf
John www.tradewithform.com/ You might want to take a look at this site. Especially some of the links along the left side. Good Luck NUTSNEAL
we have a "gartley pattern " forming on ES that will complete for a short trade at approximately 1528.00....but if it blows through you must reverse....
John http://harmonictrader.com/price_patterns.htm www.coveredcallswins.com/chartpatterns/BestBullish&BearishPatterns.html The second link might be of special interest. It gets into average failure rates and advance decline percentages of certian patterns. Also, the book it referrences might be of interest to you. NUTSNEAL