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<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
DIMITRIS
TSOKAKIS
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Sunday, June 13, 2004 4:49 AM
Subject: [amibroker] Re: Fib solutions vs
the tough market decisions
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.
<BLOCKQUOTE
>
Coding an ellipse is not
hard but that is not the problem which is the underlying, proprietary
logic that AGET uses to position the ellipse.
<FONT face=Arial color=#800000
size=2>Dimitris Tsokakis--- In <A
href="">amibroker@xxxxxxxxxxxxxxx, Rakesh
Sahgal <rakeshsahgal@x...>
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@xxxx]> > > 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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