Closed long

Probably get another move up in the next 20 min. but we are sitting at gap fill from Friday. Have to lock in some gains. Could have already done this 3 times.

Edited by CLK, 27 June 2012 - 02:39 PM.

that trade was very well done !

Yes Clk very nice trade indeed... keep up the good work O

Thanks. Not much signal here, benefit of the doubt goes to higher but this is where it can fail too, so I'm standing aside.

Nice trade!

Probably get another move up in the next 20 min. but we are sitting at gap fill from Friday.

Have to lock in some gains. Could have already done this 3 times.

I have coded TD Analog™ in Easy Language to ID patterns that are similar to recent highs and lows. It's logic is in the format
"If Price1 is < (or greater than if searching for highs) Price2 then search for this condition - such as whether higher/lower than x bars prior, and if it is true, the 2nd condition will be compared and if it is true, the 3rd conditon will be compared, etc.,etc."

DeMark says he designed TD Analog to "take a snapshot of current price activity and superimpose that price movement upon previous, similar price pattern activity to locate a match. For example, you can compare the current market's open, high,low, and close with the previous trading day's comparable price levels, as well as the trading days 2, 3, 5, 8, 13, 21, 34, and 55 trading days earlier". New Science of Technical Analysis, pg 307-308.

Mine's coded to reference back 8 levels and keys on the relation of the current bar to bars 2, 3, 5, and 8.

TD Analog High signals triggered today on the $INX hourly, the first on the opening bar and the last at the conclusion of the session high bar at 2:30 CDT.

Sometimes it's an absolutely prescient indicator. It recently triggered at the Monday low on the ES hourly (session hrs only!). Sometimes it's early,sometimes it's plain wrong. But I always perk up when it prints.

Since the recent TDSEQ 13's were not qualified because the close Tuesday was not less than the close of Day 10, [or Day 8 for that matter which was the old setting in the 90's, Bloomberg and Perl now default to Day 10], $Compx, USO, TLO, $DJT are all on day 12's, TD Analog triggered and I had a TDSEQ sell set up that completed well below the prior TDST line on the hourly, I closed all longs.

So I'm a ditto on your positioning and watching. It was a nice pop.

Geo

Edited by Geomean, 27 June 2012 - 09:26 PM.