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The purpose of this thread is to facilitate the discussion and observations regarding the classic geometric patterns as described by Edwards and Magee and the Narrow Range Inside Day setup as described by Crabel.

This is an excellent observation, and the basis for my premise that any method can be sold without fear of dilution.

You bet guys. I'm scanning for today's NR7/ID candidates now. I'll check those against the volatility filter and post a bunch of the symbols. I'll also post some of the 2 inside day symbols. As you might imagine, many of those will qualify as NR4/ID's and perhaps some 7's too. Btw, I will...

Hope this helps

Salzburg Crabel is credited with describing the NR7/ID setup. Connors added the Historical Volatility Ratio to it. I know you have seen a stock run 3-4 days with big bars and then stop for a day with an inside day. By adding the low volatility component, Connors is requiring that not only was...

Sorry I missed the last two posts. My bad. T'kay, the close outside the pattern is for the triangle stuff, and not the NR stuff. But, since the trade is supposed to be a 1-4 day trade using trailing stops, your idea is an excellent way to prevent damage from the outside day. You make an...

http://atlas-conferences.com/c/a/i/m/18.htm As I usually do, when I read a term I am unfamiliar with, I do a Yahoo search. Very handy.

Holy Moly.... I'm still drawing stick men and happy faces, and al c. has moved on to oils and pastels. :)

Bingo.

Hey surf, If I were short BBI, I would still be short BBI. If the macd is telling the truth, you have a nice divergence in your favor. Clearly however, you don't have to wait for the 3 points against you to occur to exit the trade. The local high, having been tested this week, would be my...

The chart from my previous post no longer qualifies as an NR7ID setup. The setup is actually scanned for EOD by definition. But I will provide a chart showing this setup in the post after this. Yeah, I know.... oh boy, you can hardly wait. :) How to draw the pattern can be fairly subjective...

T'kay you have it dead right, trade either way it breaks, as long as there is a substantial volume increase. That is the clue I mentioned before. Typically the break will go for 1-3 days on much higher volume, then pause or pullback on much lower volume. An alternative to trading the first break...

I don't know that you could have a great uptrend day and a bear flag on the hourly chart simultaneously.

LOLOL! That's funny snoop'!

T-REX the two bar charlie is an excellent example of how it can be done simply and profitably. Nice work and thanks for the contribution. To add another very simple strategy that is an excellent little daytrader but requires some scanning or personal diligence. isolate those stocks whose last...

Regardless of the accuracy of Pabst's most recent call, his posts around ET certainly indicate an excellent breadth and depth of knowledge.

This is just an interesting little stock that came up on my scan. There are some pluses and minuses to it, but let the market, specifically volume, give you the clue as to what to do. If you look back on this chart alone, you'll see this pattern repeated, followed by some nice moves. Although...

Amen to that. Of course I don't care much about the occupations of my friends and neighbors either.

This is an idea that I have never tried but I have noted previously. I am curious how you are determining an uptrend, ie., the direction of a moving average, higher highs and lows, etc. Thanks.

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