|
PureBytes Links
Trading Reference Links
|
Hi P ? Peter is it
I'll stay away form the Gann thread all I can say
is if it works for you then use it..
By the way imho Money management is the holy
grail
ok now for sector stuff I see your in AustP so I
would assume you are after asx sectors check out these links to files on the AB
egroups
I think it was Geoff that posted the first
link.
but I think you have been in the list whenwe
started the sector industry bit so have quick look back at the posts and you
should find the answers
Regards David
<A
href="">http://groups.yahoo.com/group/amibroker/files/ASX%20Update%20of%20Companies/
<A
href="">http://groups.yahoo.com/group/amibroker/files/amibroker%20sector.doc
<A
href="">http://groups.yahoo.com/group/amibroker/files/asx%20sector%20%26%20industry%20/
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
server
not recognized
To: <A title=amibroker@xxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Thursday, May 24, 2001 9:49
PM
Subject: Re: [amibroker] Vertical
Lines
This is not the place to go into these
things. As a generality any horse can make it around the track.
Some are better than others. The fact that almost any method scrutinised
to an inch of its life coupled with money management speaks volumes for money
management. By money management I mean simply GET OUT when it
doesn't go you way from the start. I'm my own worst adherent of this
one. Why is it so important to be able to get a time and price
from a single high or low? Would anybody seriously invest 5% of their
wealth on a single data point? So what's the point?
I've had a go at Gann and the problem is for
me that its not IMNSHO even as useful as my favourite P&F. Not only
does it not have timing but it doesn't give any sense of "storing of
energy". I've thought that a 3D square where time spent at a price
accumulated vertically might be useful. But my biggest problem is that
it doesn't seem grounded in anything substantial. Even Fibbonacci
seems to be reflected or grounded in some natural mathematical order. At
best if Gann provides a set of definite rules that are adhered to maybe that's
its strength or best point.
I've read almost "Truth of the Stock Tape" &
"Wall Street Stock Selector" by Gann. My conclusion was that the markets
in his day were different and he applied a great deal of unknown but
appreciable sub-conscious pattern recognition and judgement to his work -at
least I think so. Interpretation still has plenty of scope. Gold
may well have fit within $0.50 but I'm also sure that someone's RSI, or MACD
or whatever had settings that hit it too.
I spent a bit of time in misc.invest.technical
and misc.invest.futures newsgroups and of those whose opinions and experience
I came to believe was based on solid years of experience, they didn't
have much kind to say about Gann compared to other approaches. I suggest
a vist to www.deja.com and and see Hershey
for example.
I suggest that multiple tools operating in
different time frames, an awareness of the inherent lags or anticipatory
nature of the tool/indicator/oscillator/chicken entrails coupled with MM will
do the trick more than GANN.
But the beauty is....its your money...anyone can
play ....nobody is right absolutely...
now if only I could figure out how to apply
sectors, markets and industries (or is that markets groups and sectors) to
stocks in Amibroker I'll be right.
P
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
wavemechanic
To: <A title=amibroker@xxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Thursday, May 24, 2001 12:45
AM
Subject: Re: [amibroker] Vertical
Lines
Server:
You are confusing a Gann Square with a GannSquare
of 9. I am not trying to generate a Gann Square of 9 on a chart, but a
Gann square based on the Square of 9.
I am curious, however,
do you have any evidence that
either is a "bunch of crap?" Do you know how to generate a square
or even use it properly? Do you have another technique that generates
time and price from a single high or low point? The attached is a
recent example of the square for gold from the 4/2/01 low. The 180
degree level is 289 and the actual was 288.5. The square in time is 16
and is one day off. Do you have anything that could make these
projections based on the 4/2/01 low? Would love to see a valid
alternative.
Could other TA have made similar
projections. Probably. Does this mean that I don't use Gann
stuff - no. I use anything and everything that
works.
I am not a Gann defender, nor an Elliott or
Fibonacci or anything defender. If you have a defendable basis for
rejecting a particular methodology then please share it with the
group. Otherwise, one might get the impression that your opinionsare
totally subjective in nature.
By the way, although I am not a student of Gann, I
have read that when he died he had $50MM in an offshore bank that was
shielded from his family or at least some of them.
Good luck in your trading.
Bill
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=winchp@xxxx
href="">server not recognized
To: <A
title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Wednesday, May 23, 2001 5:10
AM
Subject: Re: [amibroker] Vertical
Lines
I've never seen such a thing. Gann
squares are usually a table drawn by hand in a spiral where the key dates
are those at certain angles of the square (or hexagon). Numbering
starts at the centre and radiates outwards in a spiral. When a price
is hit at say the 90deg radial then usually it means the next stop ofis
another quadrant angle such as 45, 180, 270 (from memory). So
whatever price was at that point is the possible up/downside.
Frankly I think its a bunch of crap.
Plenty of newsgroups don't give this approach much credit and note that
Gann survived on the money from his family business not from trading.Or
so I'm told.
How its proposed to turn all this into an
indicator I wait with interest - academic interest not serious
trading interest.
P
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=wd78@xxxx
href="">wavemechanic
To: <A
title=amibroker@xxxxxxxxxxxxxxx
href="">AmiBroker, yahoogroup
Sent: Wednesday, May 23, 2001 9:02
AM
Subject: [amibroker] Vertical
Lines
I am trying to build an indicator that will
generate a Gann square. The horizontal levels are OK, but I cannot
figure out how to draw vertical lines after calculating their
values. Does anyone know how this can be
done.
BillYour use of
Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of
Service. Your use of Yahoo! Groups
is subject to the Yahoo! Terms
of Service. Your use of Yahoo! Groups is
subject to the Yahoo! Terms of
Service. Your use of Yahoo! Groups is
subject to the Yahoo! Termsof
Service.
|