Monday, September 14, 2009

THE POWER OF BULL FLAGS!!






Look at this stock, ZOOM. A member of the Art Of Trading Service called it out at $7 in the chat room today and watch what happened shortly after. That was truly an epic call BUT once again shows the power and predictable outcomes of the BULL FLAG pattern. I didn't take the trade because i stupidly took my eyes off it for 15 minutes. But many other guys in the CHAT ROOM took it and let's just say they are happy campers today!!

But the bottom line is this: WATCH FOR and LEARN the power of intra day bull flags!!!!! ZOOM was the hero of the day but look at the other bull flag setups that were called out today in the chat room by other traders and members of the ART OF TRADING service.

All big winners!!

SPOT THE BULL FLAG AND WIN!!

6 comments:

StockFiend said...

ZOOM was a very nice trade.. I myself was to late on it too but there will be plenty more out there just like it. Out of curiosity do you use some kind of pattern recognition software to scan stocks for patterns or do you just chart them yourself? Also how big is your watch list? Thanks for the great posts.

Stewie said...

hi S.F. i do not but i have a code (which i do not use) but other members use and it detects HG patterns(holy Grail patterns) which can have a very similar behavior to Bull Flag patterns: try this code: It was created by one of my members;

inputs:
Price( Close),
FastLength( 3),
MedLength( 20),
SlowLength( 50),
ADXlength( 14),
color( Yellow) ;

variables:
FastAvg( 0 ),
MedAvg( 0 ),
SlowAvg( 0 ),
Aldate( 0),
Altime( 0000) ;

FastAvg = AverageFC( Price, FastLength ) ;
MedAvg = AverageFC( Price, MedLength ) ;
SlowAvg = AverageFC( Price, SlowLength ) ;

SetPlotColor( 1, color ) ;
SetPlotColor( 2, color ) ;

{ ADX (trend) filter? }
if ADX(ADXlength) >= 40 then begin

{ SHORT setup - falling 50 and 20, 20 below 50, rising 3 MA, price below 20 }
if slowavg < slowavg[1] and slowavg[1] < slowavg[2] and
medavg < medavg[1] and medavg[1] < medavg[2] and
medavg < slowavg and
fastavg >= fastavg[1] and fastavg[1] >= fastavg[2] and
price <= medavg and
price >= price[1] then begin
Alert( "SHORT Holy grail" ) ;
Plot1( price, "S_HGS" ) ;
Aldate = date ;
Altime = time ;
end ;

{ LONG setup - rising 50 and 20, 20 above 50, falling 3 MA, price above 20 }
if slowavg > slowavg[1] and slowavg[1] > slowavg[2] and
medavg > medavg[1] and medavg[1] > medavg[2] and
medavg > slowavg and
fastavg <= fastavg[1] and fastavg[1] <= fastavg[2] and
price >= medavg and
price <= price[1] then begin
Alert( "LONG Holy grail" ) ;
Plot2( price, "L_HGS" ) ;
Aldate = date ;
Altime = time ;
end ;

end ;


{ for sorting on last alert time }
if Aldate = currentdate then plot3( {price} Altime, "t_last") ;

Anonymous said...

Hi Stewie,

What software program are you using to run the HG code? Thanks

StockFiend said...

Thanks for the info Stewie. I also wanted to ask you what kind of charting software you use? Sorry i'm sure people have asked that already but i couldn't find an answer in any of your recent posts.

Anyway i always look forward to reading your blog thanks again.

Stewie said...

i will have to ask the guy who wrote the code what software program he is using. i'll find out tmrw guys.

The charting software i use is stockcharts.com for the charts that you see here. but for my real time charting, i use scottrader.

Anonymous said...

This is TradeStation code

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