No trading today, sitting in the library cramming at the moment. I agree these terms just complicate the issue. If the market makes the A-down or A-up, your bias changes. If I am looking to buy low, I am looking at the failed A-down. If the market breaks through the a level, my bias changes and I don't even think about buying, maybe even sell .
Definitely...just reading over today's headlines. Market is holding in decently despite the news out from europe. No agreement on the most important part of the deal, bank writedowns and backstops! Long anything? lol
SINA...Good example of a stock today with a tight opening range (17% OR/ATR) and dropped 10 pts after it broke through the A down.
SINA is a beast! Nice find...that thing moves like a freight train! How do you scan for the OR ratio? Here's Bidu today...failed A, target at the VWAP.
Not yet, resetting dbases so that charts reflect the home market. Esignal has some lags for a few minutes at times. Only if you put nutty demands on the system like I do. So when I get my USD database completed, I will look at it. BTW Mav, are you also looking at the demarcation so some of the exotic pairs? Some of them move in ten pip increments, so when you normalize this data, the move really isn't that big.....just sayin.
This will be a sin, but BIDU and SINA are Hershey stocks. Just doing the more than one way to skin a cat thingy.
Ahh, I see part of the issue here. You are using wider OR. I have a nice confirmed A down in BIDU with great follow through. Stock came in 3 1/2 pts after it went through my A down. No wonder you are not finding good A downs!!!!! Christ man. We were talking apples and oranges. Yes, if you set your OR wide enough, then all you will find are fades! Use a 5 min OR "if" you want to find good confirmed A trades.