|
PureBytes Links
Trading Reference Links
|
See another point of view, posted on March21 by David Penn
http://technical.traders.com/tradersonline/display.asp?art=986
There is an obvious advantage of the StochD divergence, the best tool
for Light crude oil futures...
DT
--- In amibroker@xxxxxxxxxxxxxxx, "Dimitris Tsokakis" <TSOKAKIS@xxxx>
wrote:
> Franko,
> I agree with your "very often a Stochastic Divergence is not
enough".
> Although, there was no divergence there.
> We speak for CLK03, May Light Crude Oil.
> The Dec30 H=30.03 and the Jan6 H=29.50
> [Data provided by FutureSource]
> As I wrote before, both slopes were negative.
> DT
>
> Dimitris,
> if you look at december 02 top at 30 and January 03 first top at 30
> you will find below them two declining tops of Stochastics.
> This is called a divergence for example in Elder's book.
> You may ask for a tighter definition of divergence such as only
> up/down or down/up and this is perfectly legitimate but what I mean
> is that you will almost always find a divergence at tops or bottoms
> because prices usually slow down before inverting the direction.
> But they also slow down in the middle of a move and in a lot of
other
> occasions.
> So very often a Stochastic Divergence is not enough.
>
> --
> Franco
>
> --- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS"
<TSOKAKIS@xxxx>
> wrote:
> > Franko,
> > no divergence was detected on Jan2003.
> > The price slope was negative, the same with the stochD.
> > We need a positive price slope, joined with a negative stochD
slope
> > for the related peaks to detect a divergence.
> > DT
> > --- In amibroker@xxxxxxxxxxxxxxx, Franco Gornati <fgornati@xxxx>
> > wrote:
> > > Dimitris,
> > > I would consider a Stochastic Divergence the one of January 03
> too.
> > > Every time something slows, Stochastic has a drop.
> > >
> > > ---
> > > Franco Gornati
> > >
> > > -------- Original message --------
> > > From: "Dimitris Tsokakis" <TSOKAKIS@xxxx>
> > > To: <amibroker@xxxxxxxxxxxxxxx>
> > > Sent: Thu, 20 Mar 2003 12:04:35 +0200
> > > Subject: [amibroker] Once Again
> > >
> > > > In the next Oil "crisis", do not forget to make some money,
the
> > technical part of the story is ALWAYS the same.
> > > > A Stochastic Divergence is enough.
> > > > See also
> > > > http://groups.yahoo.com/group/amibroker/message/35193
> > > > http://groups.yahoo.com/group/amibroker/message/35226
> > > > and other previous messages on the same subject.
> > > > Dimitris Tsokakis
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Your own Online Store Selling our Overstock.
http://us.click.yahoo.com/rZll0B/4ftFAA/46VHAA/GHeqlB/TM
---------------------------------------------------------------------~->
Send BUG REPORTS to bugs@xxxxxxxxxxxxx
Send SUGGESTIONS to suggest@xxxxxxxxxxxxx
-----------------------------------------
Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx
(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/
|