Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Toby Crabel has used statistical analysis for determining the breakout points. How do you want to intergrate this? The values of Toby Crable are obsolete and cannot be used today.
Makes sense. Using NinjaTrader and currently evaluating MultiCharts, might purchase once they come up with a DOM and chart trader.
(1) I have an indicator that plots NR7 and IR4 bars.
(2) I have also worked on indicators to replicate the ACD pattern of Mark Fisher. This also needs statistical analysis, if you want to apply it.
(3) Have coded an indicator that plots opening ranges and pivot ranges.
Will have a look at Toby's book again. Also refresh my knowledge of Mark Fisher's book.
Narrow range days for CL in 2010 taken from my chart:
Tuesday, September 28
Monday, September 27
Monday, September 13
Thursday, August 26
Thursday, August 5
Friday, July 23
Friday, July 9
Thursday, July 8
Thursday, June 24
Tuesday, June 22
Thursday, June 17,
Tuesday, June 8
Monday, May 24
Wednesday, May 19
Monday, May3
Friday, April 30
Tuesday, April 6
Tuesday, March 30
Thursday, March 11
Thursday, March 4
Monday, February 22
Wednesday, Feburary 17
Monday, January 25
Thursday, January 14
Makes 6 Mondays, 5 Tuesdays, 2 Wednesdays, 8 Thursdays and 3 Fridays.
This is not astonishing. Wednesday is the news day, so this raises expectations and volatility. Friday has a higher volatility in general for many markets. Mondays are often dull days. Tuesday and Thursday are the days before and after the oil report day. We have an interesting pattern here, which, if confirmed by narrow range bars, can certainly be exploited.