|
PureBytes Links
Trading Reference Links
|
Hi Dimitris
I agree with you,
Elliot Waves and fib ratios are not a complete trading system to me,
but they do help in finding areas that may be of value. When I find
fibs numbers, support or resist lines, trendlines, Elliot Wave and
channels confirming a area. Then I take a good look at how price and
volume are reacting to the area.
Good luck
Dennis
--- In amibroker@xxxx, "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx> wrote:
> Peak to peak time intervals for ^NDX since Jan2000 are
> 110, 86, 91, 133, 178 days.
> The ratios are
> 1.000, 0.782, 0.827, 1.209, 1.618
> Some of them are excellent Fib ratios[0.786 and 1.618]
> The question is always the same : Why 0.782 and not 0.618, why
1.618
> and not 1.272]
> In the historical study we shall see some Fib ratios, but NOT
ALWAYS.
> In real trading conditions, what shall I do the day before the
> perfect 1.618 ?
> Shall I sell or not ?
> If I sell and the 1.618 is confirmed I will be a happy and crazy
Fib
> fan.
> If I donīt sell and the 1.618 is confirmed I will see the profits
of
> Fib fans and I will try the next time.
> If I sell and the 1.618 is not confirmed, I was wrong and Fib fans
> will wait for the 2.618 ratio.
> For me it is obvious we can not trade in this way.
> Fib ratios are attractive, but after their confirmation, whenever
it
> comes.
> DT
> The simple code is
> P=20;
> CONDP=PeakBars(C,P)==0;
> CONDP1=TroughBars(C,P)==0;
> Filter=CONDP;
> AddColumn(Ref(BarsSince(Filter),-1),"");
> for peak to peak time intervals and
> P=20;
> CONDP=PeakBars(C,P)==0;
> CONDP1=TroughBars(C,P)==0;
> Filter=CONDP1;
> AddColumn(Ref(BarsSince(Filter),-1),"");
> for trough to trough time intervals.
> I prefer more deterministic methods.
> As for the EW, there are more serious things to do, I will not add
> any comment.
> --- In amibroker@xxxx, "wavemechanic" <wd78@xxxx> wrote:
> >
> > ----- Original Message -----
> > From: Dennis_33437
> > To: amibroker@xxxx
> > Sent: Sunday, October 27, 2002 6:03 PM
> > Subject: [amibroker] Suggestions for Taking AmiBroker to the
next
> level
> >
> >
> > Tomasz,
> > Here are a few suggestions.
> > Using the trendline for the starting point and the last point,
> > could you make it the total volume for those days, and count
the
> > number of days. this would be very helpful in comparing rallys
> and
> > declines.
> >
> > How about a way to count the elliot wave.
> >
> > Enhanced Fibonacci tools would be very desirable (along the
lines
> of DT), but counting EW? How? EWers cannot sit in the same room
and
> produce the same count ;-)
> >
> >
> > Thank you
> > Dennis
> >
> >
> >
> >
> > Post AmiQuote-related messages ONLY to: amiquote@xxxx
> > (Web page: http://groups.yahoo.com/group/amiquote/messages/)
> >
> > Check group FAQ at:
> http://groups.yahoo.com/group/amibroker/files/groupfaq.html
> >
> > Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
|