alichambers
48 posts
msg #42928
- Ignore alichambers |
4/13/2006 10:11:10 AM
Dear all,
I've been using a purely technical trading system on the forex that utilises inside bars. I've had a good return from it. However, they system can also be used on stocks - and I'm planning to use stockfetcher to select stocks for me. SF looks great.
If you've never heard of inside bars, they are bars that have a high and a low less than the bar before. They look like this:
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| ^Inside bar
Their importance is that they reflect an area where the market is consolidating into a tight range of low volatility. The market always explodes out of a tight range - it's natural cycle is to go from low volatility to high volatility and back again.
Of course, the trick is to determine which of these inside bars are "significant" - ie. have the greatest chance of movement thereafter. This is where the system comes in. It uses inside bars at fibonacci levels, support/resistance, etc... Inside bars can be used on any financial instrument (futures, indexes, stocks, etc) and any time frame.
The URL is:
http://www.chambers-media.com/track/Inside_bar_trading.html
This may come across as a blatant advert. It is in one way. I own several trading systems (yes - I was looking for the "holy grail"), but I have stuck on this. I've been making a good return on the forex. I really like this system and recommend at least checking it out.
I am going to be using the system to scan for inside bar stocks in stockfetcher, so I'll keep you posted with the results and any stockfetcher scans I use. If anyone is interested, I'll post up buy and sells I do.
Alex Chambers
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AfricaFund
18 posts
msg #42941
- Ignore AfricaFund |
4/13/2006 7:57:45 PM
It's called a Harami pattern in candlestick lingo, and I believe Stockfetcher allows you to filter for them.....
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markcrisp
187 posts
msg #42980
- Ignore markcrisp |
4/16/2006 2:21:36 AM
Forex trading...
Can you give me your email?
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TheRumpledOne
6,407 posts
msg #42999
- Ignore TheRumpledOne
modified |
4/16/2006 1:59:01 PM
I added the dynamic support/resistance columns and the fib level.
HTH.
MAY ALL YOUR FILLS BE COMPLETE.
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TheRumpledOne
6,407 posts
msg #43000
- Ignore TheRumpledOne |
4/16/2006 2:06:26 PM
Here's a filter display you can add to your filters.
When 1bar = 2, the stock had an inside bar.
You can display, sort and/or select using ibar.
HTH.
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TheRumpledOne
6,407 posts
msg #43002
- Ignore TheRumpledOne |
4/16/2006 2:13:08 PM
Alex:
Looking forward to your posts.
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alichambers
48 posts
msg #42996
- Ignore alichambers
modified |
4/18/2006 4:41:54 AM
Mark - my email is:
dralexchambers(at)yahoo(dot)com
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