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Descending Triangle Patter forming in the SPX daily chart Rate this Topic:
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mcubas
Posted : Friday, August 26, 2011 5:27:37 PM
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It looks like the S&P 500 is forming a descending triangle, the lows are holding, but we have lower highs, does anybody think the market is break support again in a few days?

funnymony
Posted : Friday, August 26, 2011 10:12:38 PM

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triangles can break either way.

time will tell.
pthegreat
Posted : Wednesday, February 8, 2012 1:50:26 PM

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http://www.youtube.com/watch?v=5nAajQFeq_w
ben2k9
Posted : Wednesday, February 8, 2012 5:56:34 PM

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I find that after someone makes a few great calls, all the sudden everyone is paying attention, that next big call is often wrong.

I learned this one the hard way :)
pthegreat
Posted : Wednesday, February 8, 2012 8:49:59 PM

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Good point, however call so far only to go cash from the long calls last year. couple conditions have to fall through in order to go short. we'll see.
ben2k9
Posted : Thursday, February 9, 2012 7:00:43 PM

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you still using all the demark indicators you programmed in?  Having much success with them?  Demark started charging for their indicators on the bloomberg terminal so I said goodbye to them.  I wasn't really utilizing them.  I get a lot of mileage out of a couple custom indicators in telechart that are pretty darn good at reversals and also often coincide with the demark sequential
pthegreat
Posted : Thursday, February 9, 2012 9:11:54 PM

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Yes I do, but as you know, they can't be discussed or mentioned here on these forums. I'd be interested to see what you're using on TC. I daytrade weekly options, so speed is important to me. thats one thing (among others) TC has going for it. If you want to take it of the forum, then you can reach me on TCNet's chat room tomorrow.  thx.
ben2k9
Posted : Saturday, February 11, 2012 12:47:36 PM

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I use signaltaps red & green spikes formulas...

green buy spike: L < ((3.05 * MINL15.7) - MAXH7.3) / 2 AND STOC12.5 < 10 AND L < L1

red sell spike: H > ((2.95 * MAXH15.7) - MINL7.3) / 2 AND H > H1 AND STOC12.5 > 90 AND TSV3 < TSV8

check those out...
sharppolly
Posted : Sunday, February 12, 2012 11:18:20 AM
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theres always someone who has called it right, until they get it wrong.
davinder_pal
Posted : Sunday, February 12, 2012 11:25:45 PM
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Thanks for posting these spike pcf's, will try it out!
pthegreat
Posted : Monday, February 13, 2012 12:22:16 PM

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QUOTE (ben2k9)
I check those out...


thx Ben,  I haven't used TC very much, so excuse my ignorance. Can you plot this as an indicator? I've been able to get it as a condition in a column in my watchlist.  Although when i compare to other conditions, the minimum refresh rate is 5min, while other conditions give me an option for "realtime".

I did program the formula into SF and indeed the results look pretty good.  Just trying to find a way to use TC next to SF, since I have it, but don't use it.
diceman
Posted : Monday, February 13, 2012 1:57:11 PM
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QUOTE (pthegreat)
QUOTE (ben2k9)
I check those out...


thx Ben,  I haven't used TC very much, so excuse my ignorance. Can you plot this as an indicator? I've been able to get it as a condition in a column in my watchlist.  Although when i compare to other conditions, the minimum refresh rate is 5min, while other conditions give me an option for "realtime".

I did program the formula into SF and indeed the results look pretty good.  Just trying to find a way to use TC next to SF, since I have it, but don't use it.


Its a % true type.


Thanks
diceman
ben2k9
Posted : Monday, February 13, 2012 9:54:00 PM

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pthegreat, like dice said it's a %true indicator.  Plot it in one of your lower panes.

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