Recent content by beartrap

Originally the railroads - the high tech stocks of the day - made up the lion's share of the Dow Transports. There's a strong argument nowadays to look to the Nasdaq for confirmation of a Dow Theory signal on the Industrials. beartrap

"I'm a little surprised Tom D has the holy grail .." Me too! As the current football song goes (sort of) - Holy Grail? You're 'avin' a laugh! Dorsey believes in combining fundamental analysis with P&F charting - I'd like to see how he plans to code that. P&F's potentially a powerful...

Unless the teaching of undergraduate economics has changed pretty substantially in recent years, I think you'll find you've been exposed to theories of how markets ought to work rather than how they actually work in practice. :lol: If you're planning on trading markets based on your own...

Tomorton The UKX made a swing low on 14 January before giving a continuation buy signal and resuming the uptrend. When it crashed down through that swing low the trend turned to down - so anyone following Gann / Rivalland could now only be short or flat in this index. The CAC, DAX and DJI...

Skimbleshanks The trouble is that, in Gann/Rivalland swing terms, we are looking for a correction which consists of 3 "down days" (or "up days" for a short entry), rather than 3 days where the close is lower (higher) than the previous day. A "down day" would usually be one where both the high...

jonray As I say, I don't actually swing trade individual equities and I'm afraid I don't know of software which will scan for 3-day counter-trend corrections. If you're following Rivalland's modifications, you'll need to apply judgement to complex correction situations anyway. Which is not to...

Shazbots Rivalland presents an attractively logical approach. His modifications of one of W D Gann’s methods, in my own view, add significant value. Whether his outlook would be appropriate for your aims, or appeal to your psychology, I couldn’t say. All I would venture is that if the book...

Jonray I don’t swing trade individual equities as such, and therefore don’t use MR’s method for stock trading. I’ve been using P&F on stocks for some time, though, and as a long-time interested reader of his IC column I naturally bought his book when it came out. After a period of...

Thought it might be worth starting up a new, separate thread specifically on Gann/Rivalland swing trading. The Hang Seng gave a continuation buy signal overnight. Don't know whether anyone else reading this board is in this trade, but it's made a very satisfactory start. :D If you've never...

Thanks for the link, Bigbusiness. Wow, you were right about the rubbish on the ADVFN thread, though! :lol: Brave of MR to take part, or perhaps foolhardy. He's a busy chap, that's for sure, and I bet he didn't boost sales of 'MR on Swing Trading' very much through participation in that...

Of course, we need to get the buy stop in before the open tomorrow on the basis that today would become the putative swing low if the stop is hit. Then put down a protective stop, and limit for a first profit target if that's the way you're playing it. beartrap

Well, yes - but sadly there is no guarantee that we won't have another false start. :frown: So, unless there's a huge rally tomorrow or Friday, we wouldn't know until next week whether the footsie has made a valid swing low today. beartrap

Rivalland describes a signal such as yesterday's as a false start: the market gave a continuation of trend buy signal which was quickly reversed. For a valid swing low to be formed (and therefore the Change of Trend point to be moved up), then by definition a further Continuation of Trend...

Personally, I use pfscan in conjunction with Sharescope. I might look at the p&f chart as well as the Gann/Rivalland swing chart if the position is equivocal on an index trade, but the swing position on the other indices is also relevant - perhaps more so -in such cases. I do use p&f charts as...

I've been using my own modification of the Gann/Rivalland approach for the last year. I take selected trades on the CAC, DAX, DJI, HSI, NDX & UKX. I would suggest that producing colour-coded charts is far from essential. Marc R shows charts in this way in his book simply to make the position...