DislikedJames are these all kelter bands or are some bollinger bands? They look like bollinger bands to me.Ignored
I was busy this last w/e and this thread has exploded!
Anyway, many thanks to James for starting a great thread.
I have some catching up to do and so I hope you don't mind some belated questions.
How can I tell the difference between a double bar low higher close which indicates the price is going up and a double bar low (higher close) trend breakout and where would you set the entry point as you say in one of your posts to "play the retracement".
Dislikedmerlin, could you do a basic el code for me on the lower and higher close bar entries. i would want the stops and targets to be changeable by me for further study. i would appreciate any help. jimIgnored
Dislikedjames, i will do the EL code and some backtesting on this pattern. give me until the first week of July though. right now i am on to some breakthrough research that i have to focus on for the rest of this month.
btw, ive researched similar patterns, albiet on different time frames, and im interested to see how your system compares...Ignored
Dislikedjames, coming from you, i think that would be incredibly valuable to post potential trades.Ignored
DislikedThank you Jim for your generous sharing. I didn't realize how many charts you had posted until I was saving them for reference. Your work is awesome and much appreciated! I'm always looking for a new perspective or new imput and you have inspired me to look at things a little differently.
I have a question for you if you don't mind: Do you use any indicators besides what you are currently displaying on your charts to filter out false breakouts?
Pat yourself on the back from all of us....this is a great thread!
Dislikedwhat i may end up doing is just putting up a chart with basic info. if i do it needs to be understood that the trader is responsible for entry and exit techniques. as i have said two traders can take the same signal and one will win and the other will lose thier shirt. i like being here to much to watch people i like lose money because they just are not ready for playing charts instead of signal services with entry, stop and profit all in one. i have been working for a couple of months on a websight, many of you here will get it free if and when its ready. jimIgnored
Dislikedgood question but no i really do not use anything to filter as you say. my exp has been if you play them smart you are going to make money. the problem i have had with trying to filter is when i find one, it works for a while and then due to something it stops, so i dont use them. jimIgnored