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Toby Crabel

Toby Crabel

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Published by: anon-98189 on Aug 27, 2008
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08/13/2014

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Toby Crabel’s Day Trading Price patterns
NR
NR is Narrow RangeIf a price bar'sRangeis less than the previous bar's range it is said tohave an NR. The opposite of NR isWS. NR is technically NR2 whencompared toNR4,NR5, andNR7
NR4
NR4 is Narrow Range 4If a price bar'sRangeis less than the previous 3 bars' ranges(measured independently) it is said to have the narrowest range in 4days or NR4. The opposite of NR4 isWS4.NR,NR5, andNR7are also closely watched price patterns.
NR5
NR5 is Narrow Range 5If a price bar'sRangeis less than the previous 4 bars' ranges(measured independently) it is said to have the narrowest range in 5days or NR5. The opposite of NR5 isWS5.NR,NR4, andNR7are also closely watched price patterns.
NR7
NR7 is Narrow Range 7If a price bar'sRangeis less than the previous 6 bars' ranges(measured independently) it is said to have the narrowest range in 7days or NR7. The opposite of NR7 isWS7.NR,NR4, andNR5are also closely watched price patterns.
WS
WS is Wide SpreadIf a price bar'sRangeis wider than the previous bar's range it is said tohave a WS. The opposite of WS isNR. WS is technically WS2 whencompared toWS4,WS5, andWS7.
 
WS4
WS4 is Wide Spread 4If a price bar'sRangeis wider than the previous 3 bars' ranges(measured independently) it is said to have the widest range in 4 daysor WS4. The opposite of WS4 isNR4.WS,WS5, andWS7are also closely watched price patterns.
WS5
WS5 is Wide Spread 5If a price bar'sRangeis wider than the previous 4 bars' ranges(measured independently) it is said to have the widest range in 5 daysor WS5. The opposite of WS5 isNR5.WS,WS4, andWS7are also closely watched price patterns.
WS7
WS7 is Wide Spread 7If a price bar'sRangeis wider than the previous 6 bars' ranges(measured independently) it is said to have the widest range in 7 daysor WS7. The opposite of WS7 isNR7.WS,WS4, andWS5are also closely watched price patterns.
ID
ID is an Inside Day.If the high of the current day is lower than the high of the previous dayAND the low of the current day is higher than the low of the previousday then we have an ID or Inside Day.Although we talk in terms of Days with ID you can just as easily usethis term and price pattern to refer to bars or candles from any timeframe chart. The opposite to an ID is anOD.
OD
OD is an Outside Day.If the high of the current day is higher than the high of the previousday AND the low of the current day is lower than the low of theprevious day then we have an OD or Outside Day.A Day can be viewed as any bar on a bar chart of candle chart. The opposite to an OD is andID.
 
IDnr4
IDnr4 is an Inside Day (ID) with anNR4. An IDnr4 is a combination of anIDand anNR4. This happens when the current day's high is lower than the previous day's high AND thecurrent day's low is higher than the previous day's low AND the rangeis the narrowest when compared to the previous 3 trading days.
2BNR
2BNR is the 2 Bar Narrow RangeIf the 2-day-range (the higher of the 2 highs less the lower of the 2lows) is the narrowest 2-day-range in the last 20 trading sessions thenthis is true.
3BNR
3BNR is the 3 Bar Narrow RangeIf the 3-day-range (the higher of the 3 highs less the lower of the 3lows) is the narrowest 3-day-range in the last 20 trading sessions thenthis is true.
4BNR
4BNR is the 4 Bar Narrow RangeIf the 4-day-range (the higher of the 4 highs less the lower of the 4lows) is the narrowest 4-day-range in the last 30 trading sessions thenthis is true.
8BNR
8BNR is the 8 Bar Narrow RangeIf the 8-day-range (the higher of the 8 highs less the lower of the 8lows) is the narrowest 8-day-range in the last 40 trading sessions thenthis is true.
BearHook 
A Bear Hook occurs when you have anNRwith theOpenless than the previous bar'sLowAND theClosegreater than the previous bar's Close.
BullHook 

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