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Re: [RT] TECH: CONSOLIDATION



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If you've been trading the SPX you should know there is no such thing 
as a breakout.  The past 2 years have been characterized by expanding 
triangles everywhere.  If you chase that higher high or lower low you 
will get murdered.


--- In realtraders@xxxx, "Robert Baker" <rbaker@xxxx> wrote:
> I have been a lurker for many years and have seen topics oscillate 
around the relevant but I have a specific question which requires 
your opinion.
> 
> What is the proper time duration to label a daily bar chart as in 
consolidation for the purposes of coding an indicator to identify 
when a breakout occurs?  Specifically do you look at price range, 
averages, stochastics, or some combination?  Do you look at something 
that I haven't mentioned.  I am purely a technical trader but I am 
always looking for better ideas.
> 
> bob


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