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Group,
Here's a look at gold (physical product)...the April
futures contract. I use the TRIX(21) to define "trend" for all my equity
trading. I won't enter any position unless this indicator has the same
direction as any triggered trade. Bottom picking is less painful
after the bottom has been made. I'll wait for the TRIX(21) to turn up
before even considering a long trade.
One of the more amusing indicators (drawing tools)
that I have stumbled across is Tirone Levels. I found it to be one of the
best retracement indicators to add positions with. Many times, trends
develop and it becomes difficult to add additional positions. With a
little practice, Tirone Levels can identify retracement levels that seem to be
support levels (time and time again). I haven't developed anything
objective to support these claims, but I like using this
indicator.
Take care,
Steve
Cedar Creek Trading, CTA
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
wavemechanic
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Saturday, March 08, 2003 2:47
PM
Subject: Re: [amibroker] Re: Gold
Indices
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Ken Close
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Saturday, March 08, 2003 4:22
PM
Subject: RE: [amibroker] Re: Gold
Indices
<SPAN
>Bill: see the
annotated chart of XAU attached. I tried to follow the step by step at
the longshort site.
<SPAN
>
<SPAN
>Does this explain
my question?
<SPAN
>
<SPAN
><FONT
color=#800000>The "completion zone" for the Gartley is where AB = CD
in conjuction with the other boundary conditions, which is below what you
show. The generally used minimum target for this Gartley is
67.96. However, that is not an automatic reversal point. The
Gartley pattern and subsequent minimum target do not by themselves indicate
how far the move will go. Other analysis is needed to estimate
that. The Gartley/Butterfly are good at providing low risk entry
points and high probability minimum targets, but they are silent on
other issues.
<SPAN
>
<SPAN
>Ken
<SPAN
>
<SPAN
>-----Original
Message-----From:
wavemechanic [mailto:wd78@xxxxxxxxxxxx] <SPAN
>Sent: Saturday, March 08, 2003 3:13
PMTo: <A
href="">amibroker@xxxxxxxxxxxxxxx<SPAN
>Subject: Re: [amibroker] Re: Gold
Indices
<SPAN
>
<SPAN
>
<BLOCKQUOTE
>
<SPAN
>----- Original Message -----
<FONT face=Arial
size=2><SPAN
>From:<FONT
face=Arial size=2> <A
title=closeks@xxxxxxxx href="">Ken Close
<SPAN
>To:<FONT
face=Arial size=2> <A
title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
<SPAN
>Sent:<FONT
face=Arial size=2>
Saturday, March 08, 2003 12:30 PM
<SPAN
>Subject:<FONT
face=Arial size=2> RE:
[amibroker] Re: Gold Indices
<SPAN
>
<SPAN
>Scourt2000, Bill: Using the info on <A
href="">www.lonhshort.com about
BearishGartleys, I see that a reversal trade on the Bearish Gartley
might occurbetween 66 and 68 on the XAU (currently 69.74). Gold
price itself mightbe different. Would you confirm this for me?
Is this how you would reada potential long
entry?
<SPAN
>
<FONT
face="Times New Roman" color=maroon size=2><SPAN
>Currently 69.74 or 67.44?
However, why do you say that a reversal might occur between 66 and
68? Certainly not on the basis of the original Gartley
formation. What analysis are you
using?<SPAN
>Ken-----Original
Message-----From: scourt2000 [mailto:steve_hite@xxxxxxxxxxx] Sent:
Saturday, March 08, 2003 9:03 AMTo: <A
href="">amibroker@xxxxxxxxxxxxxxxSubject:
[amibroker] Re: Gold IndicesDimitris,Look at the weekly
gold charts. There looks to be something there more representative of
a Gartley price pattern. --- In <A
href="">amibroker@xxxxxxxxxxxxxxx,
"Dimitris Tsokakis" <<A
href="">TSOKAKIS@x...> wrote:>
Bill,> as you see, time has come for the breakout. After three
unsuccessful bearish attempts, we are out of the formation.> I
can not see the Gartley pattern here.> Do you see a bullish or a
bearish one ?> Please advise.> Dimitris Tsokakis>
---- Original Message ----- > From: <<A
href="">TSOKAKIS@x...>> To: <<A
href="">amibroker@xxxxxxxxxxxxxxx>>
Sent: Friday, February 28, 2003 2:03 AM> Subject: [amibroker] Re:
Gold Indices> > > > I am not familiar with this
technique.> > Do you speak for a price+time pattern ?>
> Was there a starting bar [and an expected end bar]?> > It
would be interesting to give more details, if time permits of >
> course.> > Rather than start from scratch by
e-mail, I suggest that you start at the following URLs (additional
ones found by Google search) and then, if interested, get further into
it by reading Pesavento's "Profitable Patterns ..." and Carney's "The
Harmonic Trader" books:> > <A
href="">http://www.longorshort.com/>
<A
href="">http://www.harmonictrader.com/default.htm>
<A
href="">http://www.tradingtutor.com/>
> > DT> > --- In <A
href="">amibroker@xxxxxxxxxxxxxxx,
"wavemechanic" <wd78@x...>
wrote:> > > > > > ----- Original Message
----- > > > From: <<A
href="">TSOKAKIS@x...>> > > To:
<<A
href="">amibroker@xxxxxxxxxxxxxxx>>
> > Sent: Thursday, February 27, 2003 4:52 PM> > >
Subject: [amibroker] Re: Gold Indices> > > > > >
> > > > It is not even clear the direction of the
breakout. It is not > > time > > > >
yet.> > > > Any indication around ?> > >
> > > Not time? Fibonacci patterns are not trendline
break strategies. > > The trade was entered 11 points
ago with the completion of the > > Gartley.> > >
> > > > DT> > > > --- In <A
href="">amibroker@xxxxxxxxxxxxxxx,
"wavemechanic" <wd78@x...> > >
wrote:> > > > > > > > >
> ----- Original Message ----- > > > >
> From: Dimitris Tsokakis > > > >
> To: <A
href="">amibroker@xxxxxxxxxxxxxxx
> > > > > Sent: Thursday, February 27, 2003
3:26 AM> > > > > Subject: [amibroker] Gold
Indices> > > > > > > > > > >
> > > > ^XAU and ^GOX wedges did not confirm
the breakout yet.> > > > > We should stay
cool and wait, the precious metal will loose > > its
> > > > strength, sooner or later.> > > >
> And the money will come back to the stockmarket for the
next > > > > movement.> > > > >
> > > > > Don't be surprised if your wedge
morphs into something else > > > > (e.g.,
channel).> > > > > > > > >
> Dimitris Tsokakis> > >
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