Classic Geometric Patterns and Narrow Range Setups

Quote from inandlong:

ksthomsen... thanks for the setups.

When a long time member like ks' who is an infrequent poster posts... it is usually a jewel. This time is no exception. The point ks' makes about how well he would expect the NR's to do in a more volatile market is a great heads up for us going into this time of year.

uptiiiiiik! Another long-timer. It is very cool to see you still around. For those of you who don't know, uptik' has a very successful track record over all kinds of time frames. In other words, he IS a trader. Thanks for the setup man.

Diamondtrim I have been watching a fairly specific list of stocks for quite sometime and that is usaully where I get my trades. But I have heard very good things about "trade ideas." Also, for NRID stuff I use StockWatchPro.
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Thanks for the heads up I will check out StockWatchPro
 
Tuesday, 09/28 NR7 ID

SFA
APOL
N
BDX
AL
COL
PFGC
MLS

These are with ATR (14) over 0.7, i.e the average daily range of these stocks at least 70 cents which gives you some volatility needed
 
Quote from ksthomsen:

Thinskis,

Are you able to add hisvol to your narrow range scans? If so, what software are you using?

Kevin
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scans? no, no, no -- i'm just a simpleton

i follow the index futures and a few other futures markets

i know when there's a setup by the daily worksheet i do (by hand), then check the hist vol with an old DOS daily charting program that was a gift from . . . not at liberty (but well-known charting website)

anyway, very old-fashioned by today's standards. but there's a "feel" that comes into play that most today will never experience or understand, much like updating daily chartbooks in the "old days", you do get more of a sense of the rhythm of things . . .

sorry, not much help
 
heading into tomorrow NR7s on T-bonds, S&P, Dow and the Can$ -- all December

the Can$ is wound up tight with a 6/100 ratio of .22 and a 4/100 ratio of .18 -- made new 20 day highs today and testing the highs made at the first of the year on the weekly charts
 

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all the futures setups posted last night put in "outside days", glad i don't trade off the daily charts anymore

all were straight NR7s, no "inside days"

but just to mention, a string of days such as -- OD/ID/OD or ID/OD/ID, is a type of wind-up pattern too
 
the hogs played hard-to-get today, but ended up going limit-down

there were fundamentals, not really the vein of this thread, to favor the down-side

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=599673>
 

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