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Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

I'll go into a fair bit in the introduction which will be in the locked thread

But before I do ---

Both.

But here is a hint.

Patterns are definately what I'm lookin for ( in this discretionary method )

I want patterns that are Likely continuation patterns.

Small and compact are preferable.

To code specific patterns is terribly difficult if you've ever tried.

So I use my favorite scans for breakout trading ( I can easily identify a breakout )

And then add an alert function to the formula.

IE I'll have a 5 and 10 period look back. It will show what's happened 5 and 10 periods after a breakout has been identified in the scan.

Here I eyeball charts looking for patterns that in my view have potential.

There are many happening in the telecommunications sector.

One on our watch list last night is TLS.I'm sure you'll see it if you have a look.

So you can watch this for continuation or pattern failure.

This eyeballing takes me around 3 seconds a chart and about a minute if one looks a potential.

There are other considerations but will look deeper further down the track