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Absolutely correct. The last leg is unfinished, and will never appear in the
peak or trough function. These only report the actual finished peak/trough
positions
Cheers,
Graham
http://groups.msn.com/ASXShareTrading
http://groups.msn.com/FMSAustralia
-----Original Message-----
From: DIMITRIS TSOKAKIS [mailto:TSOKAKIS@xxxxxxxxx]
Sent: Monday, 26 May 2003 5:04 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Re: Graham
Graham,
If you use previous support/resistance levels EXCEPT the last one, it
is 100% accurate, the historical zig legs will never change in the
future.
DT
--- In amibroker@xxxxxxxxxxxxxxx, "Graham" <gkavanagh@xxxx> wrote:
> It is always said about using the peak and trough, but I have found
that it
> is only noted in any results as the last peak/trough that was
actually
> reached. The system it self does not use the last leg of the zigzag
as it is
> never called up. If you test the peaks/troughs you will find this
can be
> used very successfully, purely as a measure tool to nominate a time
of the
> change. My overall system of the Sup/Res uses this to find
the "last" change
> point. So far with the stocks I trade the backtest returns have
been fairly
> consistent over several time periods of15-20% average profit per
trade. I
> have combined the breakouts with a secondary call, and am currently
looking
> for a complimentary third indicator as further confirmation for
trade
> entry/exit.
>
> Cheers,
> Graham
> http://groups.msn.com/ASXShareTrading
> http://groups.msn.com/FMSAustralia
>
> -----Original Message-----
> From: DIMITRIS TSOKAKIS [mailto:TSOKAKIS@x...]
> Sent: Monday, 26 May 2003 3:25 PM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Re: Graham
>
> I hope you will take special care and avoid the known problems of
Peak
> () use for trading systems.
> A trading system should be realistic [and then ...profitable]
> Good luck !!
> DT
> --- In amibroker@xxxxxxxxxxxxxxx, "Graham" <gkavanagh@xxxx> wrote:
> > Thanks Dimitris
> > I am using this as a basis for creating a trading system.
> >
> > Cheers,
> > Graham
> > http://groups.msn.com/ASXShareTrading
> > http://groups.msn.com/FMSAustralia
> >
> > -----Original Message-----
> > From: DIMITRIS TSOKAKIS [mailto:TSOKAKIS@x...]
> > Sent: Monday, 26 May 2003 2:52 AM
> > To: amibroker@xxxxxxxxxxxxxxx
> > Subject: [amibroker] Graham
> >
> > was kind enough to share with us a fresh idea : Support and
> > Resistance price levels through an indicator.
> > Congratulations !!
> > Dimitris Tsokakis
> >
> >
> >
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>
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