Welcome to our PINBALL TRADING blog !
The PINBALL chart pattern was first recognized and named by Rick Saddler, who operates the HitAndRunCandlesticks.com web site and training room.
I (Jim Cooper) have developed and coded an indicator for use with the Tradestation charting and trading platform. This indicator displays, on any stock chart, the presence of the PINBALL PATTERN, as well as showing the ‘buy area’ which Rick suggests. (The chart in the header for this blog shows an example of a chart with two PINBALL patterns).
In addition to the chart indicator, I’ve developed a SCAN which can be used in Tradestation to automatically FIND all the charts which contain the Pinball Pattern RIGHT NOW… so you only have to look at those charts when you want to set up a Pinball Trade.
This blog will be used to share info and examples using both the indicator and the scanner ..
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