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ABC ABC Patterns Patterns ResearchResearchSuri Duddellawww suriNotes comMarket Technicians Association Jan 18 2012
www.suriNotes.com
Trade Chart Patterns Like The Pros
Market Technicians Association, Jan. 18, 2012
DisclaimersuriNotes.com is neither an investment advisory service nor an financial analysis service. I am not an investment advisor and do not purport to tell people, or suggest to people, what they should buy or sell for themselves. Trading and investing can be a very dangerous venture for th b hi h d f i k i l d P t lt t
g g y gthere may be a very high degree of risk involved. Past results are not indicative of future returns. The information provided here is for educational purposes only, and does not come with a warranty of any kind, should you choose to interpret is as investment advice. In no way is suriNotes.com is a sponsor of any of the securities listed here. It is p yentirely possible that I may at times buy, sell, or hold any of the securities covered on this site.
COPYRIGHTAll the material presented here and this presentation is COPYRIGHTprotected and users are not allowed to distribute or copy without written permission from Suri Duddella
Trade Chart Patterns Like The Pros
Agenda…• Introduction
– Why Pattern Trading?y g– Patterns Research/Trading
• ABC Patterns– Construction, Trading Rules – Perfect ABCs– Embedded Patterns
• Market Context• Examples
Trade Chart Patterns Like The Pros
IntroductionIntroduction• Education
8 C A i E i• 8+ years Corporate America Experience• 15+ Years Full-time Trading Experience• Quant/Math/Analytical/Programming Skills• 30+ Articles Presentations Book30+ Articles, Presentations, Book…• Pattern Trading - TradeStation
T d St k O ti d F t• Trade: Stocks, Options and Futures
Trade Chart Patterns Like The Pros
My Trading…• 6-8 Pattern Setups, Embedded & Failed Patterns• Specific Entries, Stops and Targets• Trade with the Market Context• Trade with the Market Context
– Pivots/Market Structures, Fib. Grid– Market Internals.. (CMI Indicator)
$ADV $DECL XLF $ESINX SPY $TRIN $TICK• $ADV, $DECL, XLF, $ESINX, SPY, $TRIN, $TICK
• Trading– Stocks/Options (Swing Trading)
• U.S. Markets, ADRs: China/India– Emini Futures (Intraday).. ES, YM, NQ, Oil, Gold
• Analysis/Trades/Setups are documented/posted on i b i b h i EOD d l isurinotes.com website both in EOD and real-time
Trade Chart Patterns Like The Proswww.suriNotes.com
WHY PATTERN TRADING?WHY PATTERN TRADING?
Trade Chart Patterns Like The Pros
Why Pattern Trading?• Pros:
– Chart Patterns are repeatable and predictive– Objective methods and has advantage over other
forms of Technical Trading – Provides clear Entries Stops and Targets to showProvides clear Entries, Stops and Targets to show
risk and reward ahead of a trade– Provides multiple opportunities into trades– Clues from Embedded patterns
• Cons: – Difficult to Identify or Code, Perfection may need
longer time experience
Trade Chart Patterns Like The Pros
My Favorite PatternsMy Favorite Patterns
• Harmonic Patterns• Harmonic Patterns – ABC, Symmetry, X5 – Gartley, Butterfly
D bl /M lti l B tt /T• Double/Multiple Bottoms/Tops• Head and Shoulders/Inv. H&S
B k• Breakouts – Channels, Triangles, Pennants, Flags
• Broadening/Wolfe Wave/3-Drives Patterns
Trade Chart Patterns Like The Pros
ABC PatternsPatterns
Trade Chart Patterns Like The Pros
ABC PatternsABC Patterns• H.M. Gartley’s Book… AH.M. Gartley s Book…
– Profits in the Stock Market
• 3-Pivot, 1-2-3 Waves…C
• Trend, Retracement, Trend• AB & CD (Continuation)
B
D
• AB = CD Pattern formation (Reversal)• Trade in the Direction of the Trend
Trade Chart Patterns Like The Pros
ABC Pattern (Bullish)ABC Pattern (Bullish)
Trade Chart Patterns Like The Pros
ABC Pattern (Bearish)ABC Pattern (Bearish)
Trade Chart Patterns Like The Pros
ABC – A Universal PatternABC A Universal Pattern• Charts always in ABC Pattern• Beginning of Elliott Wave (0 1 2) (2 3 4)• Beginning of Elliott Wave (0-1-2) (2-3-4)• Double Tops/Bottoms
H d d Sh ld• Head and Shoulders• Channels, Flags, Pennants
G l (ALL X )• Gartley (ALL X5 patterns)• Dragons• 3-Drives• Wolfe-Waves and Broadening Patterns
Trade Chart Patterns Like The Pros
Embedded PatternsEmbedded Patterns
Trade Chart Patterns Like The Pros
ABC Discovery (10+ years)ABC Discovery (10+ years)• My journey to discover ABC Patterns,
– ZigZag method.. Serious flaws– SwingPivots Optimization .. Complex,
Delayed– Third is Retracement Method… Random
• All above methods have advantages and disadvantages…
• But the real-answer is in basic Mathematics + other few methods
Trade Chart Patterns Like The Pros
Pattern ComponentsPattern Components• Orientation • Size• Location• Clarity • Uniformity• Uniformity• Trend Strength and Quality
– Before the Pattern formed (0-100 scale)– Within the Pattern (0-100 scale)– After the trade entry (0-100 scale)
• Embedded?• Symmetry?• Pattern Failure Points
Trade Chart Patterns Like The Pros
Pattern Trade ComponentsPattern Trade Components
• Entry Logic & Triggers• Entry Logic & Triggers• Exits: Stops (Measured, Trailing,
C t t hi )Catastrophic)• Exits: Targets
– Measured Moves– 1 to 3 (Intraday) and Time Based – 1 to 2 EOD and Time Projections
Trade Chart Patterns Like The Pros
Auto ABC (TradeStation)Auto ABC (TradeStation)• Auto ABC Pattern detection without any delays• Any Time-Frame/Chart (Intraday, EOD) • Provides Entry, STOP and Targets dynamically y g y y
without any delays• Time Projections • Scans in RadarScreen for Potential ABC Pattern
setups with Trade Info• Fully customizable
Trade Chart Patterns Like The Pros
Auto ABCAuto ABC
Trade Chart Patterns Like The Pros
ABC Scans in RadarScreenId tifiIdentifies
Retracement C%, ,#Bars
Entry Stop TargetsEntry, Stop, TargetsPerfect ABC
Trade Chart Patterns Like The Pros
ABC TYPES
Trade Chart Patterns Like The Pros
ABC RadarScreen Scans
Trade Chart Patterns Like The Pros
ABCs in OptionsABCs in Options
Trade Chart Patterns Like The Pros
ABCs in Optionsp
Trade Chart Patterns Like The Pros
ABCs in RangeBarsABCs in RangeBars
Trade Chart Patterns Like The Pros
ABC Videos onABC Videos on
YouTube
ID: surinotes
Trade Chart Patterns Like The Pros
Market Context
Trade Chart Patterns Like The Pros
Market ContextMarket ContextHow ABCs formed relation to the Key levels, Fib. Bands
Intraday: Key price Levels: Floor, Globex and OR Pivots Fib B d K t d i t l l Fib. Bands, Key support and resistance levels ABCs originating or terminating in Fib. Zones
For Daily or Weekly Charts:
Location of the pattern Location of the pattern Weekly, Monthly and Yearly Pivots Price reaction to the Fib. Bands and MAs
Trade Chart Patterns Like The Pros
Fib. GridFib. Grid
• Shows Pattern Support/Res StructuresShows Pattern Support/Res. Structures • Tools
Fib i B d– Fibonacci Bands– Pivot Structures (Floor, Globex, Fib. Zone)
S– Market Structures – Key Moving Averages
• 21 EMA, 89 EMA, 200 SMA
Trade Chart Patterns Like The Pros
ABC Bullish with Fib. Bands
Trade Chart Patterns Like The Pros
Fib. Grid with ABCsFib. Grid with ABCs
Trade Chart Patterns Like The Pros
CMI (Combined Market Internals)CMI (Combined Market Internals)
• Finds the Underlying Market Directiony g• Uses ADV, DECL, TICK, TRIN, XLF,
SPY, ESINX• Intraday Indicator• Plots a Histogram on 5m Chart• CMIRibbon plots 4 key components on• CMIRibbon plots 4 key components on
1m Chart (used for Trade Triggers)• Trade with the 5m CMI directionTrade with the 5m CMI direction• Also used for Divergence
Trade Chart Patterns Like The Pros
Combined Market Internals (CMI)Combined Market Internals (CMI)
Trade Chart Patterns Like The Pros
CMI (5m)CMI (5m)
Trade Chart Patterns Like The Pros
Perfect ABC Trade SetupPerfect ABC Trade Setup
Trade Chart Patterns Like The Pros
Perfect ABC in S&P 500Perfect ABC in S&P 500
Trade Chart Patterns Like The Pros
Perfect ABC in SP500
Trade Chart Patterns Like The Pros
ABC Bullish (TEVA)ABC Bullish (TEVA)
Trade Chart Patterns Like The Pros
ABC Bullish (TEVA)ABC Bullish (TEVA)
Trade Chart Patterns Like The Pros
ABC Bearish & H&S (INFY)ABC Bearish & H&S (INFY)
Trade Chart Patterns Like The Pros
ABC Bearish & H&SABC Bearish & H&S
Trade Chart Patterns Like The Pros
ABC Bearish & H&S (INFY)ABC Bearish & H&S (INFY)
Trade Chart Patterns Like The Pros
ABC Bullish (@ES Intraday)ABC Bullish (@ES Intraday)
Trade Chart Patterns Like The Pros
ABC Bullish (@ES Intraday)ABC Bullish (@ES Intraday)
Trade Chart Patterns Like The Pros
ABC Bullish (@ES Intraday)ABC Bullish (@ES Intraday)
Trade Chart Patterns Like The Pros
Trade Chart Patterns Like The Pros
Trade Chart Patterns Like The Pros
Embedded Patterns
Trade Chart Patterns Like The Pros
ABC within Elliott Wave
Trade Chart Patterns Like The Pros
EW Trade Example
Trade Chart Patterns Like The Pros
Symm. Triangle and ABCSymm. Triangle and ABC
Trade Chart Patterns Like The Pros
Xerox ABCXerox ABC
Trade Chart Patterns Like The Pros
Xerox ButterflyXerox Butterfly
Trade Chart Patterns Like The Pros
Xerox ButterflyXerox Butterfly
Trade Chart Patterns Like The Pros
Xerox ButterflyXerox Butterfly
Trade Chart Patterns Like The Pros
Inv. H&S and ABC PatternsInv. H&S and ABC Patterns
Trade Chart Patterns Like The Pros
Book (English & German)
Trade Chart Patterns Like The Pros
Book300 Pages8.5” x 11” Book
65 Patterns225+ Chart Illustrations225+ Chart IllustrationsPrecise Entries/ExitsSpecific Targets/Stops
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Trade Chart Patterns Like The Pros
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A $10 Discount : $49 95• A $10 Discount : $49.95
$100 di ( ) f MTA b f$100 discount (one) for MTA members for any ABC based product ELD LicenseV lid til J 31 2012Valid until Jan. 31, 2012
Trade Chart Patterns Like The Pros
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Trade Chart Patterns Like The Pros
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