Technical pattern to recommend?

Discussion in 'Technical Analysis' started by btu12345, Jul 31, 2006.

  1. Holmes

    Holmes

    Another pipedream - been there and done that. If I remember correctly there used to be a commercial program doing just this.

    Am very, very familiar with the subject of genetic programming (and with rough sets, neural networks and some other bits and pieces of artifical intelligence). Don't waste your time on this.

    (It's curveftting in the extreme)
    holmes
     
    #11     Jul 31, 2006
  2. dan05

    dan05

    Hi btu12345

    I would recomend a couple of excellent books.

    For patterns.
    Connors, Larry & Raschke, Linda Bradford - Street Smarts.pdf

    Day Trading With Short Term Price Patterns and Opening Range Breakout by Toby Crabel.pdf


    For statistical concepts.
    Fooled by Randomness - Taleb , Nassim.pdf

    For Strategy
    Elder, Dr Alexander - Triple Screen Trading System.doc
    New Trading Dimensions - How To Profit From Chaos In Stocks, Bonds, And Commodities - Bill Williams.pdf

    For Trading Phsycology
    Mark Douglas - Trading in the Zone.pdf

    If you day trade I would also add some market well known trading systems. Please PM for these.
     
    #12     Jul 31, 2006
  3. lundy

    lundy

    I am trading one pattern only and trying to figure out its nuances.

    I dont beleive there is a holy grail anymore, and I think this shift in philosophy is helping me. So, I dont think this pattern in itself is worth anything, unless you take the time to study it mix it with other indications, filters, etc.

    here is a picture of the pattern.
     
    #13     Aug 1, 2006
  4. lundy

    lundy

    here is that pattern in CI daily chart.
     
    #14     Aug 1, 2006
  5. lundy

    lundy

    here is the same pattern in drys daily, hence referred to as the lundy_pattern
     
    #15     Aug 1, 2006
  6. lundy

    lundy

    more recently S daily, i'm still in this one, made the mistake of buying options too far otm and they are just now starting to trade the spread. Thats what happens when you buy stuff for .05
     
    #16     Aug 1, 2006
  7. lundy

    lundy

    just so it doesnt look like I am trying to post winners only, take a look at this, i'm glad i didnt get into this, had too many positions.

    lm daily


    I filter the pattern in different ways, volume is not currently one of them although I am studying that.

    More important to me are fib levels, since I figure that is what people are watching.

    I am looking for other things to include as well, like volume, and perhaps market breadth (sp?)
     
    #17     Aug 1, 2006
  8. I tried all of the above until I finally came to terms with my own laziness. Take a day off and browse 500 stock charts and 200 hundred sector/index charts. Think of what indicators might work for what you have observed. Then write the indicators and repeat the observations. Do this at least once a week, if not everyday until something works. If something doesn't work in 2 years then quit trading. It's really that simple.
     
    #18     Aug 1, 2006
  9. Tyren

    Tyren

    Expanded Gartley(g-pullback). (Normal Gartley is more common).
    Ca. 62% odds. And R/R ca. 1.30.
    :)

    In my system there are patterns that in my opinion are better(ca.68% and R/R 1.30).
    So... if I risk $500 on the 62% odds I risk $1000 on the 68%.
     
    #19     Aug 1, 2006
  10. Tyren

    Tyren

    Now you have a g-pullback in EUR/USD daily bars.

    But EUR/USD in daily is normally not very harmonic so I almost never trades it. Crude oil is much better.
    EUR/USD is more harmonic in weekly
     
    #20     Aug 1, 2006