Two down days indicator

[Handle123]

...
Trading to upside with trend after stock had two downs days, aka Crabel's book, and being stocks goes up approx 65% of the time by itself, favorable odds increase. .../QUOTE]

I wrote about this week ago, first there was Taylors manual then
Eugene Nofri
Success in commodities: The congestion phase system.

Then Crabel, guess some 10 other authors as well.

Add some other pattern or trend line buying on support, can be start to a Trading Plan.

 

[NazSherpa]

Handle123,
Yes! It's not even so much about the number of authors as it is the number of real traders that actually do this stuff. Toby Crabel is a real trader. So is (was) Linda Raschke who used to base her trading off of this basic principle.(she no longer does) The market is up 1,000% over the last decade. Most of it happened at night. There are professionals who have made princely sums shorting during the pit session during this same timeframe. They are leaning on these same concepts. Regardless of a one's timeframe. You need the wind at your back.

 

[murray t turtle]

I wrote about this week ago, first there was Taylors manual then
Eugene Nofri
Success in commodities: The congestion phase system.

Then Crabel, guess some 10 other authors as well.

Add some other pattern or trend line buying on support, can be start to a Trading Plan.

%%
Most LIKLEY WILL NEVER beat long term BUY + HOLD;
ytd = 7 month$ .....................................................................................................

 

[tomorton]

I don't trade Dow stocks but use related principles when spreadbetting the Dow index.

I take this on the long side only, and look for entry on the breach of a lower daily high. Exit is at the second successive higher close: two successive higher closes of the index are rarely followed by a third.