ENGLISH

Day Trading With Short Term Price Patterns and Opening Range Breakout

By Toby Crabel

Book information

Publisher
Traders Press
Year
1990
ISBN
9780934380171, 0934380171
LCC
HG6046 .C73 1990
Open Library ID
OL1611959M
Language
english
Format
PDF
Filesize
20 MB (21160838 bytes)
Pages
277\277
Topic
Business Trading
Library
mexmat
Time added
2009-07-20 03:45:11

Description

The book is basically a series of studies on reoccuring patterns in the stock and commodities markets. Crabel found that volatility is mean-reverting in the speculative markets. Just as night follows day, volatile markets follow quiet markets. There are more than a dozen robust volatility patterns evaluated and explained. The only real weakness I can see is that Crabel used point values instead of percentage values. This was a common mistake of professionals back in the early 1990's. Vou will need to convert these. For example, if the S&P 500 is currently meeting the criteria for one of the low-volatility "set ups" then place a buy stop 2.5 points above the open and a sell stop 2.5 points below the open. If filled set your mechanical stop-loss 1.5 points outside the current days existing range.

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