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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Dave H who wrote (30504)6/27/1999 9:23:00 AM
From: bdog  Read Replies (2) of 79243
 
Dave, thanks. " (1) the setup This is a sequence of 9 consecutive days where the close is higher than the close 4 days prior for a buy setup, or lower for a sell setup."

You did mean close is lower than close 4 days ago for buy setup, right? We are looking for trend reversal or continuation?

What else are you using for buy confirmation? Volume? Indicator?

USAD:Looks like the 13,34,89 MACD histogram had a cross over before the perfection day, or is the perfection day the buy sig? Nice move.

Maybe in my next life I can code this into Q+ and backtest it. I would be interested in the failure rate.

I better go read up on the new science...
bseqdog

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