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Grant:
Seem to me you are making things more complicated than
they need be. Ideally, the Fibonacci tool should be enhanced to include
what is known as alternate price projections, which will give you D from a
knowledge of ABC (click A, B, C and it gives you D, including CD = 1 =
AB). Then plop a parallel channel down on AB and C, and where it
intersects the price level corresponding to D (CD = AB) you have a potential
price/time target. At least that is what I routinely do. However,
fwiw, I find that time is the tricky variable and price is much more
predictable. As a result, when in doubt I forget about time and go with
price.
Bill
<BLOCKQUOTE dir=ltr
>
----- Original Message -----
<DIV
>From:
grant
To: <A title=amibroker@xxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Friday, October 04, 2002 8:38
PM
Subject: Re: [amibroker]Gann Fan
Interesting side effect
Ok, I'll try to explain myself better, here's what could be
done. The swing trade. A to B should be a retracment level .50, .618
ect. before looking for C, wait for a tick above C then place order, all
things being equal, CD should be same move as AB. But this only deals
in price soooo if we can use time as well it might cull some bad
trades. Using time extensions from X to A (or A to X to get mirror) we
look for AB to be .50, .618 ect of XA and hopfully BC will be a lidgit
number too. I think this is something that people like Bryce Gillmore
looks for.
Murmuring Grant
Jayson wrote:
<FONT
face=Arial>Grant,<SPAN
class=957112114-04102002>It seems you can actually enter .618 but the
display shows only the first digit. I am not sure how to test this but it
seems the calculation "May" be doing what you want.<SPAN
class=957112114-04102002>Now to under
stand the concept.... Is the goal here to find price approaching a linein
gann fan line "A" at or near the the end points of the mirror gann
fan? <FONT
color=#0000ff>Jayson
<FONT
size=-1>-----Original Message----- <FONT
size=-1>From: grant [<A
href="">mailto:gkwall@xxxx]
Sent: Friday, October 04, 2002
8:48 AM To:
amibroker@xxxxxxxxxxxxxxx <FONT
size=-1>Subject: [amibroker]Gann Fan Interesting side
effectI was playing with the Gann Fan and foundif
you drag from right to left
you get a mirror image, eg. drag from a low to a high a mirror
appears going down left to right but the interesting thingis
if you right click and go to properties Gann and
change the WIDTH FACTOR the mirror shortens or lengthens so I
tried .618, .5 ...ect and bugger me we have time extensions
...almost, unfortunatly the width factor only takes one decimal
point so it only goes 0.6 instead of 0.618 but pretty close for
squaring time and price. AmiBroker
rushes head long to becoming all things to all people, it's
almost breathe taking is the only way to discribe it, thanks T.J.
Grant
P.S The Parrallel Lines are brillant, if an angle repeats ounce in
a chart it repeats
time after time after time.Great stuff.
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