StockFetcher Forums · General Discussion · Raschke Failed Pattern Setups - ideas?<< >>Post Follow-up
fotchstecker
158 posts
msg #122660
Ignore fotchstecker
1/28/2015 6:02:28 PM

I've been reading Raschke lately and am interested in one of her ideas, the "failed patttern".

"
AT: What's an example of a pattern you use in trading?
LBR: Here's an interesting one based on a failed pattern: If
today has the widest range of the past four days and an up
close, the odds the low of the bar will be taken out in the next
two days is the least-probable scenario.
We came up with a great little system based on that: If you
see a wide-range bar with a lower close or a higher close and
the high or low of that bar is taken out within two days, it's a
signal.
If there was a down-closing wide-range bar and the market
takes out the high of that bar within two days, it's a buy signal,
because that's the least-probable scenario - it occurs maybe 20
percent of the time. And when the least-probable scenario
plays out, there's a very powerful reason why.
"

I took an embarrassingly simplistic stab at it, but I'm not very proficient with more sophisticated syntax. I think this could be a useful set of filters. Anyone interested in taking a shot at translating her scenarios above?




fotchstecker
158 posts
msg #122661
Ignore fotchstecker
1/28/2015 7:24:10 PM

day range is greater than day range 1 day ago for last 4 days
close below close 1 day ago

fotchstecker
158 posts
msg #122662
Ignore fotchstecker
1/28/2015 8:15:20 PM

where the day range is above day range 1 day ago
where the day range is above day range 2 days ago
where the day range is above day range 3 days ago
where the day range is above day range 4 days ago
close is below close 1 day ago


price is above 2

StockFetcher Forums · General Discussion · Raschke Failed Pattern Setups - ideas?<< >>Post Follow-up

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2016 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus