PPS Trading System by Curtis Arnold

weird · 4 January 2009

This is a graphical representation of a 200 MA of % of all stocks within the ASX 100, followed by a higher close, with the prior close being higher than the previous, and volume higher than its 250 day average, and within different percentiles of the range (H-L), compared to the same conditions however regardless of the position of the following day close.

percent10gain means it was within the bottom 0 - 10 %, and percent100gain means it was within the top 90-100 % of the days range. Ignore the values shown on the left , see the overall graph. Anyhow, the point was is that there is a great deal of randomness.

BBand · 4 January 2009

Hi Dave,
My preference is EOD

If there is no follow through on the next bar following the "breakout" - then it is highly probable that the "professionals" knowing where the breakout orders lie i.e. just above/below resistance/support,hit them and thus give them better entries for the true direction of the breakout move.

Sometimes its best to trade the 1st pullback - much safer - and a higher probability trade.

The drawback being you will miss the good trades that "never look back"

Peter

It's Snake Pliskin · 5 January 2009

tech/a said:
Because you can.
You can trade VSA as a single stand alone method.
You can trade Elliott as a single stand alone method
You can trade as T/H does as a single stand alone method.
You can trade as Frank D does as a single stand alone method.
You can trade patterns as a stand alone method
Why do we feel more comforatable adding more analysis?
I'm not offering VSA up as the ducks guts just as food for thought to perhaps
to be able to with added confidence determine direction and life of the trade.
Care to share your "Other paradigm"?

Tech/a,
Not on your case here. I am aware of what you have stated in the above.

Yes it insn't about being right or wrong, just mitigation of risk and magnification of profits. If I choose to use a few filters at a time and not just rely on one thing then that is not over analysis. VSA, SA, or open or close it is all relevant. Knowing how to use it is another thing, though.

Later,
Snake

Nick Radge · 5 January 2009

My comments on VSA relate only to the core PPS patterns. Its difficult to change one's mind after trading 1000's of them...

VSA is appropriate in other area's.

bunyip · 7 January 2009

tech/a said:
So we agree then

True and this is why the Volume component is very important. Is it supply or accumulation volume---you can tell you know!

Something then which you may consider along with the "Position of the pattern within the life of the current and immidate past moves.

Why?
You can tell a great deal infact you can often see if the breakout is possibly false.

I certainly agree,but would it be benificial to have an idea wether you should be going long or short (If the vehical being traded can be traded both ways)
Reversals in continuation patterns can be more volitile and more profitable than those which comply. I'm not suggesting waiting for the breakout bar either.

Dont disagree.
But you can add to your analysis as I have suggested.
You have "Presumed" I mean waiting for the breakout.
Not so much more can be seen within the pattern.
Throw me a couple prior to their move. If your interested.

Re you points above.....I'm fully conversant with volume analysis, having studied it in depth over a number of years.
My view is that volume is of no additional benefit when trading the micro patterns of the PPS system.
This view, incidentally, is shared by Nick, whom both you and I hold in high regard.

PPS Trading System by Curtis Arnold

weird

BBand

It's Snake Pliskin

Nick Radge

bunyip

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