Category Archives: Price Action Lab Alerts
After the close of Monday, May 15, 2017, DLPAL signaled deterioration of positive bias in Dow 30 and higher probability of a correction. The confirmation of the signal yesterday adds to empirical evidence about the short-term predictive power of the … Continue reading
A short pattern in IWM that has just formed as of the close of yesterday, Monday, March 14, 2016, was identified via data-mining. This pattern shows high robustness when the exits are varied. A portfolio backtest with 30 ETFs shows that … Continue reading
One of my best indicators issued a bullish signal in the stock market after the close of yesterday. The strength of this bullish signal is unusually high.
A quantitative analysis of recent price action of popular ETFs points to financials (XLF) and techs (QQQ) having high probability for an upward short-term move.
Technical analysis introduces data-mining bias because of the reuse of data. Due to this fact, trading signals based on small samples are not just naive, they are very dangerous. The problem of small samples can be resolved only if they are increased. Anything else … Continue reading
A high probability trading setup for the open of Wednesday, March 26, 2014, was identified in a popular ETF using the scan function of Price Action Lab.