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Rakesh,
I know of course how to code an ellipse, the respective codes are
posted here long time ago.
I am far from the office now, the internet connection is poor, I will
send details ASAP.
Dimitris Tsokakis
--- In amibroker@xxxxxxxxxxxxxxx, Rakesh Sahgal <rakeshsahgal@xxxx>
wrote:
> Dimitris,
>
> In the context of Fibs, I have seen a friend use them
> quite effectively.
>
> He however doesnt use fibs alone by themselves. He
> uses a tool from Adavnced Get "The Ellipise".
> Unfortunately I dont have AG and the program is
> frighteningly expensive, $3k approx if I am not
> mistaken.
>
> What he does is he tracks retracements with the
> ellipse in place - starting at Low Pivot and and
> ending at High Pivot. Then as price makes a low
> hitting the ellipse in the region of .500 to .786 ,
> he walks into the stock. Admittedly this is risky to
> some, akin to trying to catch falling knives as they
> say, but he buys "despair" and more often than not he
> has a 10% odd gain in a fornight or so.
>
> The code for the ellipse is not available in the
> public domain, if it were this would make one hell of
> a combination by incorporating it into AB and using
> with Fibs.
>
> Maybe some day TJ will have something similar to the
> ellipse and we all would have a shot at striking it
> rich. :)
>
> Rakesh
>
>
> --- DIMITRIS TSOKAKIS <TSOKAKIS@xxxx> wrote:
> > ron,
> > thank you for your reply,I hope the readers will
> > find useful.
> > Any decision from Fib retracements alone may be
> > dangerous and cost a
> > lot of money.
> > Happy coding is not happy trading .
> > Dimitris Tsokakis
> > --- In amibroker@xxxxxxxxxxxxxxx, "ronbo"
> > <ronbo@xxxx> wrote:
> > > I'll throw in my 2 pennies too--.
> > >
> > > As Bill pointed out, These indicators MUST be used
> > with other
> > indicators.
> > > either stochastic macd, VFI--all would be valuable
> > here to
> > determine if the
> > > trend has changed and if we are oversold (imho the
> > safest time to
> > buy)..
> > >
> > > As an example-- fast stochastic (8,3,3) and MACD
> > (12/26/9)
> > triggered a sell
> > > on 4/28@xxxxxx the VFI gave a sell on 4/30 at
> > 11761. while
> > neither of
> > > these 2 were in high overbot territory, they were
> > high enough to
> > indicate a
> > > good down move might be in the offing.
> > >
> > > we just can't use 1 indicator to time the
> > market--it needs to be a
> > basket of
> > > indictors. Which ones work best today will not
> > work best
> > tomorrow. it
> > > depends on if the market is range bound, trending
> > one direction or
> > the
> > > other, etc. DT's new invention in AFL gives us 1
> > more tool to try
> > and beat
> > > the other guy.
> > >
> > > Thanks again DT,
> > > ron
> > >
> > > -----Original Message-----
> > > From: Dimitris Tsokakis [mailto:TSOKAKIS@x...]
> > > Sent: Saturday, June 12, 2004 8:58 AM
> > > To: amibroker@xxxxxxxxxxxxxxx
> > > Subject: [amibroker] Fib solutions vs the tough
> > market decisions
> > >
> > >
> > > Many [and potential] foreign traders preferred
> > the TokyoSE the
> > last
> > > months.
> > > After a prolonged uptrend, the big boys [not the
> > crowd !!]
> > decided to
> > > apply severe pressure [C]
> > > The index was loosing -2% or -3% or -5% without
> > any serious
> > resistance.
> > > ---
> > > Outgoing mail is certified Virus Free.
> > > Checked by AVG anti-virus system
> > (http://www.grisoft.com).
> > > Version: 6.0.701 / Virus Database: 458 - Release
> > Date: 6/7/2004
> >
> >
>
>
>
>
>
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