iBankCoin
Joined Nov 11, 2007
1,458 Blog Posts

Friday’s Flags, High and Tight

Some new names were added for today. All the stocks from Thursday’s post are still valid.

All symbols are linked, and the charts will auto-update.

AMRN

SYMX

TZOO

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13 comments

  1. bil

    Wood,

    How do you get market internals in amibroker. there is no ticker which will get you new 52 day high/low, nyse up vol or nuyse down vol.

    thanks

    Bill

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    • Woodshedder

      Bill, there are tickers with my data from Norgate. Are you using Norgate? If not, you’ll have to code it yourself. Its pretty easy to code. Let me know.

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      • bil

        Wood,

        I am not using norgate. How do we code uvol and dvol is the question now.

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        • Woodshedder

          Bill, it is pretty easy, I think. Tell me specifically what you want to code and I’ll get back to you with some sample stuff, as long as I am able!

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  2. gumby

    Hi,.. Mr. Woodshedder,
    i have found a pattern system that supports my trading plan as a beggining trader..known as double bottom.
    by volker knapp from bulkowskies web…
    My qusetion is since this set-up is profitable 80% of the time over 20 yrs would you consider doing a test for recents trades on this topic? uso, gld,slv and stocks
    i am still learning how to do back testing and still learning how to with fxcm Strategy Trader. hard to find the time but. they say it’s the best, thanks, gumby
    here are thier status, but don’t include current set-up’s http://thepatternsite.com/DBTradingSetup.html

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  3. Woodshedder

    Gumby, very interesting stuff. That pattern can be coded in AmiBroker, but it will take some work. I’m still working out the High Tight Flag based on Bulkowski’s setup, and I’m beginning backtesting on it first. Once that is worked out, I’ll be glad to take a stab at the Double Bottom.

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  4. gumby

    CURRENCYS
    COOL….. LIKE TO SEE THE RESULTS ON DOUBLE BOTTOMS ON SHORTER TIME FRAMES..SAY 2-5 DAYS TIME FRAME RESULTS…
    GIVE AMIBROKER CALL..HAVE BUNCH QUESTIONS AS LOOKS LIKE FXCM ONLY BACKTESTS CURRENCYS,
    CHEERS, GUMBY

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    • Woodshedder

      Gumby, Amibroker is great. Check out the website. There are other options, like R, but they are more complicated to learn, imo. AmiBroker is the best for simplicity yet can still perform complicated backtesting.

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  5. derrr

    what’s your method for entry and exit in these HTFs? For example, would you have ignored the initial breakout on TZOO since it was such a large gap up, or sold it because it dropped 8% from breakout, or would you buy it only now that it is at the breakout point?

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    • Woodshedder

      Derrr, Bulkowski would have you set a buy-stop a little above the flag high to catch the breakout. I’ve been backtesting that. I’m not sure that it is the best. I’m going to look at requiring a close above the flag high, and then buying the next open.

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  6. Rudy

    Woodshedder,
    Do you know of a website that would display a chart/graph of daily option pricing changes?
    In other words, a place where I can get a graph of the price of a particular option price as it changes during the day. Or historical pricing charts for the same? For a particular Strike-it would chart the changing of bid or ask through out the day or days.

    Any input is very appreciated,

    Thanks,
    Rudy

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