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Greenhorn backtester here. I’m following the recommendation of Chuck Le Beau from his book "Technical Traders Guide to Computer Analysis of the Futures Markets" and testing entries that have an exit x days from entry. He suggests that the winners be greater than 55% before employing exit...

Hello MGJ, Tonight I did a search on Mr. Le Beau, and here you are. I came across Le Beau's suggestion at his forum (Bulletin #29). I've been following along with his advice and not doing too much in the way of exits for now. It is amazing for me how much does not work and how much comes...

Hello Stardust, Thanks for responding. When you said, "So if up & next bar is OB Swing line continues up to H of OB and then flips to following the Lows with the L of the OB." Would you actually have a swing high and low with just the one bar? If that's it, that's interesting and I had...

In addition to program backtesting, I’m keeping a number of different style swing charts by hand to see/attempt to find an edge for shorter term EOD trading. Regarding the swing charts, it’s easy to draw the two or three bar pivot swings, but I’m waffling a bit on my rules for creating...

Hey traderdragon2, At this point, I think you are right. As a still green backtester, the first things I did, like many I suppose, was test every thing I could think of with ma's. Crossing, price under then over, distance from ma's, slopes, etc. I use all the stocks in various indexes...

Hey Brandon, It does make sense and I thank you for the input.

Hello kut2k2, Yes, I am going to do that. Thanks also to the few good folks who posted. Where applicable, I'll study/backtest your input. I'm spending many of my hours with my backtesting program looking for a small edge. I am only interested in end of day trading with a hold from a...

Ouch! That sure didn't generate much discussion.

I just did a search of moving averages, and while I found a number of past threads on the subject, none of them dealt specifically with how traders used them in their scan, setup or entry. So, if you use moving averages (simple, ema etc) as part of your set-up/entry system, I would enjoy...

A little direction if you don’t mind. I use point and figure charts for my mutual fund investing. P&F charts and their respective 45-degree angle trendlines make it very easy to draw both the support and resistance lines on the charts (by hand or computer generated.) I am partial to...

Would you be so kind as to attach a chart? It would help me a great deal. TIA Gary

One ping only.

Hello Suri, Book looks interesting. Before ordering, I would enjoy hearing a little about your background. You know, the regular stuff you see in a TAofS&C interview. The when, where, who, what, how and why about you. (There is no hidden meaning/smart alec intent here. I would just...

Chuck LeBeau sells a DVD titled "How to Design, Test, Evaluate and Implement Trading Systems". If you purchased the DVD (or attended one of his seminars) I would very much appreciate your review. I did a search and didn't get any results. Thanks, Gary

Thank you Mark. When you say "price area > body price area of each of the most recent prior three intervals" are intervals the same as individual bars? TIA Gary

We are discussing Wide Range Bars (WRB) at work (no, the boss is not aware of this). I don't have any TA books here, and a web search didn't provide much info. IYO, Is a WRB the open to close range, or the high to low range? I guess one could look at a WRB and visually identify it...

Hello Bob, I keep a number of log charts. They all start with $.01 and then increase by whatever factor you want the log chart to be. The chart you posted is a .01 log chart. If you created one in excel it would come out to the numbers you are seeing. I use TC2000 for my EOD data. I...

Hello Thinskis, Thanks for the chart. Now, if I take your post of 10/07/04, and turn things around a bit: There's a nice MO high on the 27th (that's higher than a number of previous ROC highs) and price followed. Then, the next ROC high on the 31st is lower than the previous, but...

Lefty, I'd like to second what you said. I'm a newbie and I have in fact copied all of Thinskis posts, and they have been very insightful. Here's hoping he continues to post a chart now and then. Gary