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Rakesh,
the ellipses of the examples are just indicative shapes of an area,
they could be rectangles/circles/asterisks etc.
The place of the scheme is important and it is a result of some
[proprietary ]algorithm.
It has nothing to do with my recent post, you may ignore it.
Dimitris Tsokakis
PS: BTW, I use my ellipse as an approximation in a "gravitational"
model, but , it is another [perhaps interesting...] story.
--- In amibroker@xxxxxxxxxxxxxxx, Rakesh Sahgal <rakeshsahgal@xxxx>
wrote:
> Dimitri
>
> The ellipse I was referring to, can be seen here:
>
> http://share.esignal.com/groupcontents.jsp?folder=Ellipse%
20examples&groupid=20
>
> As fresh bars are added to the chart, the ellipse
> adjusts itself till either the price hits it and uses
> it as a support or goes straight through it. What I
> have heard I repeat heard and do not know for sure ,
> is that it quite often acts as a good support. The
> logic for this is not available in the public domain,
> propreitory, and thats the problem for people who dont
> want to spend that kind of money($3K).
>
>
> Regards
>
>
> Rakesh
>
> --- DIMITRIS TSOKAKIS <TSOKAKIS@xxxx> wrote:
> > Rakesh,
> > Take a look at the
> >
> http://finance.groups.yahoo.com/group/amibroker/message/65377
> > ellipse.
> > It is an orthogonal ellipse, the horizontal axis is
> > defined by the
> > local trough Low and the vertical axis is defined by
> > the peak High.
> > Is this what your ref uses ?
> > [Since an ellipse is a 4-parametric function, we
> > need a detailed
> > description to find the proper ellipse. The above is
> > an example but,
> > in general, we may have the AFL form of any, well
> > defined, ellipse ,
> > hyperbola, parabola etc]
> > 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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> >
> >
>
>
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