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This would not be a horrible place to attempt a short side trade, in my view. Let's look at the facts: -S&P still at some kind of resistance (upward sloping resistance moves the range slightly above 1505). -Mid caps definitely sitting right at resistance (by the way, someone opened a HUGE...

That's fine, no response required. I will leave it up to the readers of this thread to ascertain whether there is any comparison between George Washington or Ghandi and a guy on a forum soliciting free trading software development.

The idea is simple, but implementation is almost always more difficult. This is part of why programmers are well-compensated. How would it be if a top performing hedge fund or Goldman Sachs (who are already wildly profitable) tried to find a programmer to implement their system (simple or...

What exactly are you bringing to the table here? The programmer will be the one to do all of the difficult work. You might not realize this, but designing and implementing such a solution is much less trivial than you might be anticipating. Just want to confirm that you are offering no pay...

If you have lots of data then I would recommend flat serialized files, possibly look into some type of memory mapping. Properly indexed DB would be fine if your dataset is not huge. Yes, there are other options but if you have never used a DB (and if you do not have a substantial amount of...

Confluence of resistance not yet breached. That's all. It's just a theory. Risk/reward is favorable IMO. Yes, it is a counter-trend idea. IWM shows obvious resistance at 90, look at the long term chart and look for an upper channel.

Back in the day when I would participate in day trading chat rooms, there was often discussion about how traders have 'gone home for the weekend' at this time (late Friday). I wonder if, now, the computers have gone home. Maybe they are bored.

Beat me to it.

This is a great question, something I will need to work through myself. Speaking freely: Taking overlap of time-based bars (second, minute, hourly, daily), I would think that instead of using simple integer based array indexing, one might somehow use time-based. What about unix time...

Yeah, that's a good point. I always try to make things unnecessarily complicated. 1.1100 / 90 was breached. Breakouts/breakdowns are more reliable in a trending market. KISS. I am just trying to look at things from an alternate perspective, that's all. Long/short biases have hurt me in...

Well, I suppose 1.1100 on the yen futures is something of a line in the sand.. and this does correspond roughly to the 90 resistance on the multi-decade chart. On the daily, we are in a controlled channel at this time, so I will be watching to see how the lower channel line holds up...

Also watch 200 on MDY. Yes, this opens up the stop a bit, perhaps. This confluence of resistance suggests that we have to at least consider the possibility that this we are at, or very near, a swing top of some kind. Obviously, if short trades from these levels begin to work, we will have...

After further consideration, it seems to me that watching IWM make a strong move above 90 would be a better way to invalidate a short idea here, instead of 900 on the indices/futures. In other words, loosen up your stops a bit when dealing with all time highs at a round number. There is a...

In my interpretation, it would be wise to avoid opening new longs at these levels. Please do not take any trading actions based merely on my interpretation of a possible resistance area between 1500 and 1505 on the $SPX at this time. You are responsible for your own actions.

Yup, profiling. I just have to overcome the initial learning curve.. that is the biggest roadbloack for me. Even using C# would be less of a brainfuck (not the language).

I have to agree with you here. I'm looking for the nasdaq to possibly lead a downward move from here. (Please see H&S pattern in other QQQ thread). The Dow and S&P are definitely in the 'upper band' of the longer term channel, so it would be ill-advised to open new long trades at this...

Lucrum, sorry for disputing this, if I am wrong please accept my apology. I believe that Bulkowski said head and shoulders is one of the more reliable. I think he also said that an extended left shoulder, as we may be seeing here (distance between left shoulder and head is greater than...

Really? I do not have any self-generated stats, but a casual googling suggests that other sites state it is one of the more reliable ones. http://www.investopedia.com/university/charts/charts2.asp edit: sorry this one is a bottom, still looking for more links...

Here's what I meant, in a picture: http://www.chartpatterns.com/headandshoulders.htm

Surely others have noticed this.. does it look like NQ / QQQ / $NDX shows a textbook head and shoulders, with us sitting right at the peak of the right shoulder at this time? Head peak September 2012, left shoulder peak March/April 2012. I apologize if this has been brought up in another...