Here you go.
Combining Tape Reading with Charts
- Thread starter kmgilroy89
- Start date
Here you go.
Quote from Rorschach_test:
/
Are you defining a sideways lateral as 3 bars where bars 2&3 are engulfed in the 1st bar. Are you buying, because bar 5's high breaks the high from bar 1?
Yes
Not quite.What happens between the other bars in the construct,hardly matters. I buy immediately after the third bar.I try to buy somewhere in the middle,sometimes it is the upper third of the bar,rarely - the lower third.
Thread is closed.
This is my #1 pattern for entry using a 1-min chart. I trade it only when it occurs in the context of key S/R on the 5-min chart. I generally enter early using a stop order to catch the turn following the test (the Step 2 test):
http://thepatternsite.com/123tc.html
http://thepatternsite.com/123tc.html
Hes sure put a lot of time into that site.
does Bulkowski mention Head&Shoulders pattern?
well, here is a surprise for his followers / I'm repeating myself here but for our own good/ :
http://www.cass.city.ac.uk/__data/assets/pdf_file/0006/79953/Simon.pdf
one of the most interesting part there says:
' overconfident traders survive in
currency markets even as they gather decades of experience. They suggest that this could reflect
self selection, since currency trading requires a high tolerance for risk and overconfidence tends
to foster such tolerance. Trading on strategies that are unprofitable in expectation could still earn
positive profits for a lucky few, and funds gravitate to traders with successful histories (Shleifer
and Vishny, 1997; Gruen and Gyzicki, 1993). Imperfectly rational traders with on-average
unprofitable strategies could even come to dominate the market (DeLong et al., 1991).
New traders could be encouraged to adopt the unprofitable strategy by the success of
surviving agents. Humans tend to over-generalize from small samples and to overweight
"salient" information (Yates, 1990),'
the rest is also extremely interesting if one is 'into facts' rather than dreams and illusions
Quote from vinc:
does Bulkowski mention Head&Shoulders pattern?
well, here is a surprise for his followers / I'm repeating myself here but for our own good/ :
http://www.cass.city.ac.uk/__data/assets/pdf_file/0006/79953/Simon.pdf
one of the most interesting part there says:
' overconfident traders survive in
currency markets even as they gather decades of experience. They suggest that this could reflect
self selection, since currency trading requires a high tolerance for risk and overconfidence tends
to foster such tolerance. Trading on strategies that are unprofitable in expectation could still earn
positive profits for a lucky few, and funds gravitate to traders with successful histories (Shleifer
and Vishny, 1997; Gruen and Gyzicki, 1993). Imperfectly rational traders with on-average
unprofitable strategies could even come to dominate the market (DeLong et al., 1991).
New traders could be encouraged to adopt the unprofitable strategy by the success of
surviving agents. Humans tend to over-generalize from small samples and to overweight
"salient" information (Yates, 1990),'
the rest is also extremely interesting if one is 'into facts' rather than dreams and illusions
i couldn`t get a freak out of this....
I would assume he must show statistics about it considering I remember someone here at ET saying such was the case for all the most "commonly known" patterns, events and other stuff.
The stats he keeps shows the bad stuff and good stuff.
Here are others I found posted by other ET members after doing a search...
http://www.priceactionlab.com/
http://www.seasonalysis.com/
No links for this one @ Ben Jacobsen and Cherry Y. Zhang from Massey University (New Zealand) wrote: Are Monthly Seasonal Real? A Three Century Perspective (74 pages) and The Halloween Indicator: Everywhere and all the time (55 pages)