Strategy Based On Chart Pattern

trading strategies and money management discussion, code, results

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fatdog1
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Postby fatdog1 » Sat Jul 01, 2006 10:08 am

Hey Ali,

I found another version of the 6-22-06 RIMM workspace where I
changed the breakout trade to reflect the breakdown and selloff that happened after the breakout last week.

That is one reason it takes me forever to update charts :oops:

Here are both 6-22-06 workspaces for you to keep.

If it could be possible to code a strategy based on Stan Weinstein's amazing 4 stage work, I would want to take both the breakouts and the breakdowns.

Look how fast the Euro and RIMM went from stage 4 breakdowns to a stage 2 breakouts and how far both have moved since.
Attachments
RIMM 6-22-06.tsw
workspace after breakdown
(25.5 KiB) Downloaded 25 times
RIMM 10 Minute 6-22-06.tsw
workspace before breakdown
(24.5 KiB) Downloaded 19 times

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Ali Son
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Postby Ali Son » Sat Jul 01, 2006 10:15 am

Excellent, Fatdog1. Should be some interesting action coming up.

BTW, simple ridiculous question,but I can't find it on the tool bar: How do you create those labels like "Breakout Line," so that I can put them in myself if for whatever reason they get deleted.

fatdog1
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Postby fatdog1 » Sat Jul 01, 2006 10:21 am

Ali Son wrote:Excellent, Fatdog1. Should be some interesting action coming up.

BTW, simple ridiculous question,but I can't find it on the tool bar: How do you create those labels like "Breakout Line," so that I can put them in myself if for whatever reason they get deleted.


Look under the drawing menu for "text".

Once you are in text mode, you need to click on another drawing
object to exit text mode.

It is my way of doing a trading journal that everyone who is successful says a trader should do.

Ali Son
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Postby Ali Son » Sat Jul 01, 2006 11:41 am

Yes, a trading journal if you can do it is important I think too. I'm trying to find a way to do this with the Message Center and dumping a record of the alerts into a file. TS support is looking into it.

BTW, in what state do you reside?

fatdog1
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Postby fatdog1 » Sat Jul 01, 2006 12:26 pm

Ali Son wrote:Yes, a trading journal if you can do it is important I think too. I'm trying to find a way to do this with the Message Center and dumping a record of the alerts into a file. TS support is looking into it.

BTW, in what state do you reside?


I live in Illinois. How about you?

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Ali Son
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Postby Ali Son » Sat Jul 01, 2006 6:59 pm

MA

Ali Son
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Postby Ali Son » Mon Jul 03, 2006 10:33 am

Fatdog1,

I lthought it might be promising, so I looked at your idea of using the Tunnel to signal the bull/bear flag out of the Darvas box. But it only works for the rare big move, usually the type 1-2 move, and the rest of the time the Tunnel isn't even close to the other Darvas boxes.

-OS

fatdog1
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Postby fatdog1 » Mon Jul 03, 2006 11:37 am

Ali Son wrote:Fatdog1,

I lthought it might be promising, so I looked at your idea of using the Tunnel to signal the bull/bear flag out of the Darvas box. But it only works for the rare big move, usually the type 1-2 move, and the rest of the time the Tunnel isn't even close to the other Darvas boxes.

-OS


Ali,
The tunnel is in the middle of a range.
The DarvasBox with a key reversal candle should trade near the top and bottom of the range.

For example I have the range on the EURUSD between 1.2837 and 1.2872 for today.

I would go long at 1.2837 since the Euro has a little up trend working.
Next resistance is 1.29 after it gets past 1.2872.

I can't get the tunnel to plot on my charts for some reason.

A year ago, I tried to trade the middle of a range using something called the river.
I will post the conditions for the river one of these days which I suspect is
fairly close to the tunnel. Have to find my old notes.

fatdog1
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Postby fatdog1 » Mon Jul 03, 2006 12:33 pm

Ali,

I found my notes on the river.
On a 115 tick chart, using a line chart plot a 112 high volume weighted ma and a 112 low volume weighted ma. For an extra trigger put on a 1 period close and a 1 period open ema.
If everything crosses above the river, go long.
If everything crosses below the river, go short.

Here is a screen shot and a workspace of the EURUSD and the river.

FD1
Attachments
The River 7-3-06.tsw
(32 KiB) Downloaded 21 times

Ali Son
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Postby Ali Son » Mon Jul 03, 2006 12:59 pm

Thank you. Yes, seems like an interesting variation on the Tunnel, especially since there is no volume in Forex. TRO coded a good RS indicator for the Tunnel. Might be good to compare the performance of the two. Is there a preferred currency or least preferred currency this works on, as this was the specificied case with the Tunnels, per documentation.

-OS

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