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Not yet on the oscillator. Interestingly, the
Gartley pattern often looks like it begins where a DRPOLAL ends - and in the
other direction. It's conceivable that one could trader a B&B, switch
directions on a DRPO, and then switch back with a Gartley on the same
stock.
Still gathering statistics and categorizing the
various versions of the Gartley. It looks
like the success rate isn't much greater than 50%, but with a win/loss size
ratio in the 1.5:1 range, it looks like a positive expectancy may still be
possible after commissions and slippage.
It's amazing how the success rate changes when you
only use the ones you find *before* they complete or fail vs. strictly hindsight
study of the pattern. Apparently a bias of the eye for looking for
winners. Part of what threw me off on B&B's, also. It looked
like it was possible to be much more lax with the rules than what I
had realized. It's fun, anyway. :-)
As rarely as DRPO's seem to show up, it would sure
be nice to have a list like this one collaborate on running them down. I
guess varying time frames for trading would be a limitation. Much more
interesting to have the setup pointed out *before* it's completed.
Kevin
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Kevin,
I'm also new, but willing to put in the
work.
Also have been doing a bunch of stuff on Gartley
patterns, which seem to get you into the trades earlier than the DRPO, B&B
etc.
Fibonacci, Gartley, DiNapoli, all seem to be
convergent techniques, so I guess it just means more study and practical
application until it comes together.
Lots of exciting stuff to learn.
Did you get any answers back on the Qchart
detrend oscillator query from anyone?
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