tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,416
- Reactions
- 6,355
As suggested I will post up charts with analysis to follow.
I search for Volume Control Bars and save them to file. I have 2 searches
(1) For Today
(5) 5 Days ago so we can look for any patterns.
Most VCB bars have price form an inside bar the next day,this is common
Strong bars will continue in a day or 2 if there is a catalyst. GFC is an obvious one.
But massive volume will cause a reaction.
So I have a watchlist which constantly changes but each night it takes a couple of minutes to flick through and pull out trade prospects if they appear. Trades I find from eyeballing.
Rather than use my list I thought Id throw it over to those interested to chose charts to follow.
Just post up the code and Ill have a look. If it looks promising long or short Ill include it in the list. Only 10 will go in
Ive put up No 1 MYX as its doing exactly as Explod suggested.
Im expecting the gap here to be tested
A quick test and rejection is very weak.
A fill and no rejection is typical consolidation.
A new high is the less likely scenario.
I will up date when time allows but if there is anything of great interest like a trade forming I' ll get on to it.
Unfortunately I will be away from Aug 2- Sept 22 Living Large!
I search for Volume Control Bars and save them to file. I have 2 searches
(1) For Today
(5) 5 Days ago so we can look for any patterns.
Most VCB bars have price form an inside bar the next day,this is common
Strong bars will continue in a day or 2 if there is a catalyst. GFC is an obvious one.
But massive volume will cause a reaction.
So I have a watchlist which constantly changes but each night it takes a couple of minutes to flick through and pull out trade prospects if they appear. Trades I find from eyeballing.
Rather than use my list I thought Id throw it over to those interested to chose charts to follow.
Just post up the code and Ill have a look. If it looks promising long or short Ill include it in the list. Only 10 will go in
Ive put up No 1 MYX as its doing exactly as Explod suggested.
Im expecting the gap here to be tested
A quick test and rejection is very weak.
A fill and no rejection is typical consolidation.
A new high is the less likely scenario.
I will up date when time allows but if there is anything of great interest like a trade forming I' ll get on to it.
Unfortunately I will be away from Aug 2- Sept 22 Living Large!