suriNotes

I was away for the last three weeks (in India) from my Trading PC. Last night, when I opened TL website on my Trading PC, I see the URL Not found message... I remember few-times this happened in the past, I logged out of TL and re-login TL, and the URL Not found message stopped. Regards, Suri

Here is the update for @es Symmetry and Butterfly Pattern with Target 820. Also note the number of bars to reach the target is 12 with a 76.48% of prior swing price range. Regards, Suri

Thanks elovemer!!! Suri

Here is the Symmetry Analysis (Both Price and Time) for the Butterfly Pattern... Regards, Suri

I am not a follower of Elliott Wave theory but BSE's SENSEX (weekly) chart caught my eye for EW formation. Here is SENSEX chart with Elliott Wave and Parabolic Arc pattern. Look for the Symmetry in Wave 3, Wave 5 lengths. Also, Parabolic Arc pattern retraced to 62% of the entire prior move.. Could correct more?? ** This chart is not MP based chart, but I thought it may be pertinent Indian Markets chart that I follow. ** Regards, Suri

Almost Perfect Butterfly (Bullish) scenario for @ES Regards, Suri

Hi James, Thanks for your post... Here is a little better illustration of How 2Bs' are traded from my old files (2B Buy logic provided). ES Weekly is shown with 2B Top detection and trade-setup. Basic idea behind 2B Top sell is: Wait for the bar to [CLOSE] below the breakout bar. {Confirmation Bar for 2B Top} Sell below the [LOW] - x ticks of the Confirmation Bar. {Trade} 2B detection process and trade-triggers are little elaborate (code-wise). Regards, Suri

Double Bottom/Double Top patterns are reliable when they are confirmed and do have high reward/risk ratios. The confirmations only occur when price reverses and trades above/below [X] bar high/low or SwingHighs/Swing Lows and exhibits strong momentum with Gaps/wide-range bars etc. There may be other forms to detect Double bottoms. Failed Double Bottoms and Double Tops may be signaling stronger prior trend and could be forming multiple bottoms/tops. One of the way to trade Double Bottom/Double Tops (Irregular DT/DBs) popularized by Trader Vic's 2B detection... 2B Tops/Bottoms also fail and 2Bs tend to be more reliable in Longer-Term charts when they are forming near other support and resistance areas. Presented here is a case for such 2B Top/Bottom patterns for @ES Weekly and @ES Daily Charts... Just a scenario. Also, note the third chart, where @ES Monthly retracing (near) to 100% of prior Swing. Nothing signifies it is a Double Bottom, but just a case... Every major analyst is shooting for S&P 600 soon On Weekly charts, @ES needs to close above 782 and on Daily Charts @ES needs to close above 752 to confirm 2Bs... Regards, Suri

Potential Wolfe Wave Setup in @ES.D (30m)? Regards, Suri

Gold's Wolfe Wave with ABC Bullish Pattern Update... Regards, Suri

Hi bubba, Here is @ES X5 Pattern formation... Usually in X5 patterns, the retracement of "B" gives a clue of what type of Pattern it may be forming. There are other rules it may have to form. But when "B" is retraced beyond 61.8% (Gartley), it may be suggesting a potential Butterfly or Crab pattern. In this chart, B is 71%, suggesting may be a Butterfly (near 127% to 684) or Crab (near 162% to 614). BTW, thanks for your kind comments about my book. Regards, Suri

I wrongly marked the first Two WW charts (@ES) in RT. Didn't realize until it was complete... I believe the third chart (@YM) follows WW rules. Regards, Suri

Here is that trade from above post. It was ABC Bearish trade w/kTrend.. But I was also watching WW pattern unfold on @YM. Regards, Suri

Here are @YM Wolfe Waves (Not perfect but potential WW).. The first Chart (12.40p) I traded today (not because of WWs) but I watched it unfold in RT. I like certain aspects of WW and its predictability so far.... Regards, Suri

Not quite sure if it meets all the WolfeWave rule-set I have for this chart... But it may be close? Regards, Suri

Hi daedalus, Yes, Entries are very important.. A planned Entry leads to a Planned Exit... I use an entry algorithm to compute and mark EntryLevels on my ABCs (see EL levels on the chart. It will also compute/mark STOP levels). Depending on various types/sizes of the ABC, this EL can be 2BarHigh/Low +/- rangebased ticks or Wide-RangeBar H/L + rangeticks... On Daily bars I use slightly different algorithm, using Gap H/L + rangeticks or Wide-RangeBars H/L etc. Regards, Suri

Here is how Auto-ABC worked with Time Projections... Regards, Suri

BlowFish, I agree with you on Market Symmetries and Geometries.. It is really amazing how they work. Bryce Gilmore, Larry Pesavento, Michael Gur, J.D. Hamon and Scott Carney (to name a few...) have done phenomenal work on Market Symmetry/Geometry. Here is a pattern confluence of ABC Bearish and an example of Time projections (using TS Fib. Time Extension Tool)... Price is the most valuable information in all research. But 'Time' fascinates me more than 'Price'. Wish I had more 'Time' for my research Regards, Suri

Next week, I'll be presenting a small session (30m) on "How to trade ABCs" for TradeStation Securities at the TradersExpo in New York city. It would be great to meet you guys, if you are attending... Sunday, February 22nd 2:30pm - 3:00pm "How to Trade ABC Patterns using Fibonacci Grid Structure in TradeStation" Regards, Suri

Hi Bakrob, Currently we are working on ABC and X5 pattern based Automated Strategies for TS... A very good friend of mine is working on ABC Auto-Strategy for NinjaTrader using the same ABC algorithms. But we may be far from releasing any functions or strategies. Regards, Suri

Hi bakrob, I do strongly recommend anyone who can develop trading ideas/theories/ write code to build systems/indicators for themselves. It does add strong research sense, hands-on experience and clear trading knowledge. There is also true joy in accomplishment of converting an idea to a rewarding system/indicator. However, there are some drawbacks... Coding can be extensively time-consuming. Even if you have excellent programming skills, if you embark on a wrong trading idea or concept, it could be incredibly frustrating and could take months/years before you realize it was a waste of time. Of course, Programmers will never admit to it There are only very small percentage of programmers who can actually trade or want to trade. Very few programmers have Trading domain knowledge and very few traders have programming expertise. Most Programmer-Traders find bugs/issues or random/silly reasons with their own code (during the Trading time) as an excuse to NOT to trade. It is well documented (in Trading Psychology Books/Blogs) and could be one of the reason "Why Can't you Pull the Trigger". I suggest to all my programming/trader friends to separate Trading-Time from Coding-Time... Trade during Trading-Time and STOP and then Code. Never mix-them. I went on a path of writing Gartley pattern (for TS) from public domain code and for 3+ years added patches and random ideas... After 3+ years, I found out that original idea of the public domain code concept was purely WRONG and it will never find right Gartleys. After that, I spent next 2+ years writing Gartley (All X5 patterns) from scratch with my new algorithms and now it will find every X5 patterns with clear trading rules etc. I am still working on it to complete... My current Auto ABC w/PRZs amd Targets pattern took almost 2+ years, 4 completely different concepts/versions written from scratch... But the current version is absolutely my best work to date, and became my bread-and-butter pattern to trade. Regards, Suri

YM ABC Bullish Chart Regards, Suri

Good AB=CD explanation and trades, bakrob... All harmonic patterns (Gartley, Buttefly..) and ABC's need to be traded in market context. For me the context comes from Fib. Grid Structure consists of Confluence of Pivots (Floor, FibZone, Globex), FibBands and Market Structures.. I detect ABC patterns (in Real-Time, no-delays) to plot all levels (PRZs, Targets), the formations. There are about 30-40% ABCs NOT tradable and could be randomly forming... They need to have a form and structure (Size, Shape etc..) and building around certain levels. So, market context is critical to filter them out. Here are some of my ABCs captured in Real-Time yesterday and today... Regards, Suri

Here is Gold's Wolfe Wave pattern to watch... First Chart from Jan. 24th, 2009. Second chart is an Update on Feb. 10th, 2009. Regards, Suri

I am still in research mode to identify the pattern (this may take a while) before building trading rules etc. First @ES.D 30m chart, I thought I found one, but I realized this may not be a WolfWave. (Reason: Fails the rule SwingHigh4 < SwingHigh2). Second @ES.D 30m, this may be Wolfwave. (I am not quite sure about SwingHigh1). Plotted the ABC Bearish setup with Projections. Let's Watch and see if it works. Regards, Suri