Systrader
56 posts
msg #77321
- Ignore Systrader |
8/6/2009 7:50:27 PM
Trading with Bull and Bear Flags , particularly as continuation patterns, can be very profitable . - if the stocks can be located with this pattern in the early stages.
I am looking to create a fliter where a stock has had candles thrusting in any one direction starting from 7 days ago, till 4 days ago, but since the last 3 days they have started to channel with slighlty lower closes, to form the flag.
the higher the thrust , the better the trade can be. Usually the candles in the thrust period are very big compared to the average candle sizes, just before the flag start to form.
I tried this fliter but it does not generate any results.
Stock
Appreciate some help.
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Systrader
56 posts
msg #77322
- Ignore Systrader |
8/6/2009 7:57:25 PM
finger problems ! I did get results after correcting typos
stock
Any improvement or suggestions welcome
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chetron
2,817 posts
msg #77323
- Ignore chetron
modified |
8/6/2009 7:59:16 PM
GUESS I'M TOO SLOW....
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johnpaulca
12,036 posts
msg #77324
- Ignore johnpaulca |
8/6/2009 8:11:20 PM
add column flag...not flagpole.
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Eman93
4,750 posts
msg #77376
- Ignore Eman93 |
8/7/2009 6:54:52 PM
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Eman93
4,750 posts
msg #77377
- Ignore Eman93 |
8/7/2009 6:58:36 PM
try this
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Systrader
56 posts
msg #77469
- Ignore Systrader |
8/12/2009 12:23:08 AM
Thanks for your help ema93. It does have some falgs but they are not picking up the strong patterns.
Looking to get large thrusting candles on the way up and small drop in the consolidation phase in 3 days following the large run up.
I found this posting back in April 2004 from cegis
http://beta.stockfetcher.com/sfforums/?q=view&fid=1001&tid=31547&qrid=
This seems top pick up some pretty good bull flags. Courtesy of cegis.Thanks.
Again any improvements will be welcome.
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chetron
2,817 posts
msg #77472
- Ignore chetron |
8/12/2009 6:40:58 AM
MAYBE...
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Systrader
56 posts
msg #77496
- Ignore Systrader |
8/12/2009 4:16:30 PM
Thanks Chetron.. I did a scan with your filter ,but see no results, so it looks like the filter is too tight.
To see exmaple of good bull flag patterna look at UEPS and WFTC as seen on a 6 month chart .
Notice Large candles( larger body sizes than average) on the way up and smaller consodlidation candles in the last 3 days with the volume strarting to increase as it may try to break out of the consolidation channel in next few days.
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Eman93
4,750 posts
msg #77624
- Ignore Eman93 |
8/17/2009 8:43:10 PM
Nice!!!!
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