einok
msg #88528
- Ignore einok
modified |
2/22/2010 2:42:39 PM
TEXT
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gmg733
788 posts
msg #88537
- Ignore gmg733 |
2/22/2010 6:17:39 PM
Never backtested.
It is all about S&R with this method. If a stock is hot and out of the accelerator bands, most likely it has just broke out.
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Eman93
4,750 posts
msg #88548
- Ignore Eman93 |
2/23/2010 1:14:37 AM
Its called the extreme point rule... mark the high on the bar that went oversold and trade above that range with a stop below that bars low...... a "breakout to overbought" you would need to pick your chart, look for room to run higher.. back test would most likely not do all that well. Each chart would need to be evaluated for risk reward, looking for next over head resistance it may be to close or the over all market is heading down...
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einok
msg #88571
- Ignore einok |
2/23/2010 10:24:50 AM
What about the pullback or "retest" as it is called in the video. Is there a way to test for that? Such as a pullback below Williams % -20, or -80?
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