SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: peter n matzke who wrote (17914)3/8/1999 10:38:00 AM
From: Patrick Slevin  Read Replies (1) of 44573
 
No, I don't offhand, but what (I think) is important is to get the overall picture of the day.

It's nice when they have a smooth, easily identifiable pattern but you really have to categorize it no matter how it looks.

Friday was a very hard day (for me) to compartmentalize. I actually finally came up with a Down day with a bounce at the end. You have to look at, say, a 5 minute chart to see what I mean. It's important for me to I.D. the pattern as patterns repeat and rather than look at every possible chart it's easier to spec out the patterns, then look at a chart once I get the flavor from the various possible similar days.

It may sound more complicated than it is. The toughest part is deciding what a screwball pattern isolates itself as. Last Wednesday was a pain in the neck to I.D. as well. One good thing though, if the pattern read is good then you know whether or not to expect a choppy day.

Have you looked further into Wilder's stuff on this? I read his book perhaps three times over the years and I still cannot figure out how he does intraday patterns. I never subscribed to his organization, I imagine it would be a little more clear if I did. I'm quite afraid that his stuff will be at odds with the stuff I have and I shall not be able to go either way due to the conflict.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News