Good stuff indeed. I am trying to find a way to install code into TradeStation for Donchian Channels so that I can incorporate the volume profile data I look at with pattern analysis so that I can move away from "bounce" stops, like the one that hit me this morning when I shorted NQ. I think I can conquer longer hourly and even daily holds in my positions so I can scale faster. This is great information.
Thanks Tom. This is great research and you are very generous in sharing it. The statistics are fascinating. Especially in the context of candlestick strategies that make outside days (engulfing) appear as signals for big moves. I’m going to give this a lot of thought as there’s nothing better than following the numbers. I agree with Charles - intellectual protein.
This was a helpful article, Tom, especially for times where it seems we have been in non-trending markets (Commodities and equities) longer than your data asserts. I'll remember this data during the whipsaw periods. This article was intellectual protein!
then I would add proper trend day where the close is vs, say, half bar. And what happens when you have an outside day with up close vs down close the following 1 ... x days
Thanks Tom.
Good stuff indeed. I am trying to find a way to install code into TradeStation for Donchian Channels so that I can incorporate the volume profile data I look at with pattern analysis so that I can move away from "bounce" stops, like the one that hit me this morning when I shorted NQ. I think I can conquer longer hourly and even daily holds in my positions so I can scale faster. This is great information.
Thanks Tom. This is great research and you are very generous in sharing it. The statistics are fascinating. Especially in the context of candlestick strategies that make outside days (engulfing) appear as signals for big moves. I’m going to give this a lot of thought as there’s nothing better than following the numbers. I agree with Charles - intellectual protein.
This was a helpful article, Tom, especially for times where it seems we have been in non-trending markets (Commodities and equities) longer than your data asserts. I'll remember this data during the whipsaw periods. This article was intellectual protein!
then I would add proper trend day where the close is vs, say, half bar. And what happens when you have an outside day with up close vs down close the following 1 ... x days