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Hi Dimitris,
Thanks for your response.
Are you referring to a static ellipse or the one that
is incorporated in Advanced Get and is dynamic and
moves as the right hand side of the chart evolves?
R S
--- DIMITRIS TSOKAKIS <TSOKAKIS@xxxxxxxxx> wrote:
> 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
> > >
> > >
> >
> >
> >
> >
> >
> > __________________________________
> > Do you Yahoo!?
> > Friends. Fun. Try the all-new Yahoo! Messenger.
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>
>
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