
|

|
|
|
|
|
 |
|
|

spyder9000
Junior Member
Registered: Feb 2009
Location:
Posts: 46
Status: OFFLINE
|
|

Kevin did you get a chance to put some examples using intra-day data?
Here is just a beautiful Harami candle setup on the SPY (SP 500 ETF).
http://share.esignal.com/ContentRoo...20Shots/spy.doc
While I do a lot of trading intra-day, I've only recently begun to incorporate the Harami filter as a trigger to enter a trade. Here are the steps I use.
1. Identify the trend
-As you can see, the SPY started to trend down 2 hours into the session
2. Pick a low risk entry point
-Using Bollinger Bands, you can see the BB squeeze forming, so you know a breakout is coming. The direction of the breakout has been identified in Step 1
3. Use the Harami as your trigger.
-A break of the Harami low is your entry...and your stop goes on the break of the Harami high.
Result: About 75 cents (or 7 points if you trade futures)
Esignal does a FANTASTIC job in illustrating the Bollinger Band Squeeze along with Harami alerts.
More examples to come.
Last edited by spyder9000 on 10-27-2009 at 01:48 AM
|
|
|
|
|
|

|  |
 |
|
|

Doji3333
Senior Member

Registered: Oct 2002
Location: Big Bear, CA
Posts: 1402
Status: OFFLINE
|
|

It really depends on the conditions of the harami. If you set it up correctly, then you may be able to hit 80%+ accuracy. If not, total failure.
The harami is in interesting pattern in the sence that it represents a "coiling of a spring". It will "pop" eventually, but which side??
Basic Harami's can be profitable, but it takes more than basic harami patterns.
__________________
Brad Matheny
** Code Pusher **
MENT.COM
EFS-TOOLS.COM
TRADETANK.COM
|
|
|
|
|
|

|  |
 |
|
|

kevinbaker
Junior Member
Registered: Sep 2009
Location:
Posts: 2
Status: OFFLINE
|
|

Yes I believe the Harami works extremely well on an intra-day basis as well.
Obviously you will get far more signals than you do on daily charts (per your examples) but if you filter them out, and combine them with other technical indicators, then you'll definitely have an edge to profitable trading.
I've been using the Harami as well as the Doji in my trading, very frequently.
I'll try to post some examples if you don't mind.
Last edited by kevinbaker on 10-16-2009 at 08:36 AM
|
|
|
|
|
|

|  |
 |
|
|

spyder9000
Junior Member
Registered: Feb 2009
Location:
Posts: 46
Status: OFFLINE
|
|

Hey Steve,
Thanks for that...I'm almost done with my EFS, your pivot one was extremely helpful.
Lots of views here, but not many replies?
Well I'll continue by sharing some Harami trades I initiated the last 2 weeks or so.
I think its a good illustration.
You'll notice that some of the Harami candles exceed the prior candle by a few cents. I ignore this only as long as the body of the candle stick is contained within the prior.
Long:
http://share.esignal.com/ContentRoo...Shots/LONGS.doc
Short:
http://share.esignal.com/ContentRoo...hots/SHORTS.doc
Still in the Intel trade from a while ago....that illustration is at the beginning of this thread.
I'd sure be interested in replies from anyone that uses the Harami to trade on an intra-day basis.
|
|
|
|
|
|

|  |
 |
|
|

spyder9000
Junior Member
Registered: Feb 2009
Location:
Posts: 46
Status: OFFLINE
|
|

Steve,
Whats up...thanks for the reply.
Got the framework for referencing prior candles:
if(getBarState()==BARSTATE_NEWBAR){
if(vRSI.getValue(RSIStudy.RSI,-2) < 30 &
Now obviously thats for an RSI study that I use....but do you know how to compare the HIGH to the HIGH and the LOW to the LOW?
Seems easy enough, but I just can't code the rest of it.
You seem like you know your way around the file sharing....and I KNOW there must be other EFS out there that capture different candlestick formations...not just the Harami.
Let me know your thoughts.
|
|
|
|
|
|

|  |
 |
| All times are GMT. The time now is 04:21 AM. |
 |
|
 |
|
|
|  |
Forum Rules:
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
|
HTML code is OFF
vB code is ON
Smilies are ON
[IMG] code is OFF
|
|
|
|
|
| | |