Monthly Archives: April 2012

Price Action Lab Alert for Monday, April 30, 2012

Posted on April 29, 2012 by Michael Harris

The last published alert of this blog involved signals for the following four stocks: BA, IBM, JPM and JNJ. As it turned out and can be confirmed by anyone running a demo version of Price Action Lab, the signals for the first three stocks were long … Continue reading →

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Machine Generated YM Futures Patterns and Trading Systems

Posted on April 29, 2012 by Price Action Lab

The complete process is presented here for discovering price patterns in YM futures (E-mini Dow futures contract) historical daily data using the Price Action Lab search function, testing the results out-of-sample and then creating a trading system. It is shown that Price Action Lab can find … Continue reading →

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An Island-bottom Reversal in NASDAQ-100 and QQQ

Posted on April 27, 2012 by Michael Harris

Given the proliferation of software tools that identify classical chart patterns, I suspect that many have already spotted the island-bottom reversal in NASDAQ-100 index and QQQ. However, experienced technical traders know that this pattern alone does not guarantee easy money.

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Price Action Lab Alert for April 26, 2012

Posted on April 26, 2012 by Michael Harris

This alert is about long and short signals in four Dow-30 stocks.

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Machine Generated EC Futures Patterns and Trading Systems

Posted on April 24, 2012 by Price Action Lab

The complete process is presented here for discovering price patterns in EC futures historical daily data using the Price Action Lab search function, testing the results out-of-sample and then creating a trading system. It is shown that Price Action Lab can find patterns that result in … Continue reading →

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Market May Have Found Support and a Base for Moving Higher

Posted on April 24, 2012 by Michael Harris

For now it appears that 1358 points in the S&P 500 Index may turn to support and become the base for another attempt towards 1440 and then 1500.  There are a few technical signs that point to this possible scenario although European debt … Continue reading →

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Price Action Lab Alert for Tuesday, April 24, 2012

Posted on April 24, 2012 by Michael Harris

Due to an interest in Price Action Lab signals that enter a position at the open and exit at the close of the same bar expressed by readers of this blog, I will post another example today. Yesterday’s alert involved long signals for … Continue reading →

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GBPUSD Retreats After Testing an Important Resistance Level

Posted on April 23, 2012 by Michael Harris

If the pair breaks above the area defined by 1.6150 -1.6165 then 1.6450 could be the next target.

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Price Action Lab Alert for Monday, April 23, 2012

Posted on April 22, 2012 by Michael Harris

This alert is about long signals in two Dow-30 stocks for entry at the open and exit at the close. Both signals are of contrarian nature and carry a lot of risk. This post is intended to be more of an example of … Continue reading →

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Never start a fight with the FED because you will lose

Posted on April 20, 2012 by Michael Harris

The lesson is never start a fight with the FED. When it comes to bonds, the FED is the boss, not some bond fund managers who are just the humble servants of the FED although they often commit the original financial sin of trying to overthrow the … Continue reading →

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