Normal
As suggested I will post up charts with analysis to follow.I search for Volume Control Bars and save them to file. I have 2 searches(1) For Today(5) 5 Days ago so we can look for any patterns.Most VCB bars have price form an inside bar the next day,this is commonStrong bars will continue in a day or 2 if there is a catalyst. GFC is an obvious one.But massive volume will cause a reaction.So I have a watchlist which constantly changes but each night it takes a couple of minutes to flick through and pull out trade prospects if they appear. Trades I find from eyeballing.Rather than use my list I thought Id throw it over to those interested to chose charts to follow.Just post up the code and Ill have a look. If it looks promising long or short Ill include it in the list. Only 10 will go inIve put up No 1 MYX as its doing exactly as Explod suggested.Im expecting the gap here to be testedA quick test and rejection is very weak.A fill and no rejection is typical consolidation.A new high is the less likely scenario.I will up date when time allows but if there is anything of great interest like a trade forming I' ll get on to it.Unfortunately I will be away from Aug 2- Sept 22 Living Large![ATTACH=full]87901[/ATTACH]
As suggested I will post up charts with analysis to follow.
I search for Volume Control Bars and save them to file. I have 2 searches
(1) For Today
(5) 5 Days ago so we can look for any patterns.
Most VCB bars have price form an inside bar the next day,this is common
Strong bars will continue in a day or 2 if there is a catalyst. GFC is an obvious one.
But massive volume will cause a reaction.
So I have a watchlist which constantly changes but each night it takes a couple of minutes to flick through and pull out trade prospects if they appear. Trades I find from eyeballing.
Rather than use my list I thought Id throw it over to those interested to chose charts to follow.
Just post up the code and Ill have a look. If it looks promising long or short Ill include it in the list. Only 10 will go in
Ive put up No 1 MYX as its doing exactly as Explod suggested.
Im expecting the gap here to be tested
A quick test and rejection is very weak.
A fill and no rejection is typical consolidation.
A new high is the less likely scenario.
I will up date when time allows but if there is anything of great interest like a trade forming I' ll get on to it.
Unfortunately I will be away from Aug 2- Sept 22 Living Large!
[ATTACH=full]87901[/ATTACH]
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