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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.
no i have not been trading spx, just individual
stocks. Some of these do breakout of consolidation patterns. Just to
make it clear, i am looking for a price move of only 5-10% so it really does not
have to become a trend. If i can construct a formula to identify a trading
range i can write a formula (i use TC2000) that can will sort out only those
stocks. I can tag them and compile statistics on whether the model has any
value.
bob
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=bruce.larson@xxxxxxxxxxxxx
href="mailto:bruce.larson@xxxxxxxxxxxxx";>bondo92677
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Friday, March 29, 2002 22:47
Subject: Re: [RT] TECH:
CONSOLIDATION
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 <A
href="mailto:realtraders@x";>realtraders@x..., "Robert Baker" <<A
href="mailto:rbaker@x";>rbaker@x...> 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.> > bobTo
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