Wednesday, June 18, 2008

1-trade

Made one trade today in GS.
Below is a 1-minute chart where I shorted a breakdown of the Head & Shoulders pattern. Included in the chart is an indicator that represents the Bid/Ask pressure.

3 comments:

gilad said...

what is this indicator you are using?

fufufnik said...

gilad,
This indicator is a Bid/Ask-Pressure indicator (found in Tradestation forums). It's not something to use strictly for entries/exits, and it only plots in real-time (so you have to have it on one chart running all-day), but I wanted to play around with it and see how it performs. Here's the link if you have tradestation;
https://www.tradestation.com/Discussions/Topic.aspx?Result=1&Topic_ID=54375&SearchTerm=Bid%20ask%20pressure&txtExactMatch=

-todd

fufufnik said...

Not sure the link worked, if you'd would like I can email it to you.

-todd