|
PureBytes Links
Trading Reference Links
|
Hi Ken,
No I dont trade this setup as I dont have AG.
Like I said one of my friends rather acquaintence does
it. He basically uses the day when the low hits the
normal ellipse, he walks into the trade at the close.
His stop is the low of the day. He is very ruthless
about the stop and never compromises on it. This is
what I have seen.
His claim is almost 60% of his trades are succesful
returning 10 to 15% on an average. Now the problem
with all this, this is bloody hear say as I cant
verify his claim from his books. If I could verify his
claim I would spring up the money and buy AGet.
As to your point about consistency vis-a-vis tools I
couldnt agree more. I am personally now veering down
to buying pullbacks and only pullbacks in support
areas(fibs or trendlines) since I feel complicated
computations and indicators predicated upon buying
either un-validated(?) signals or breakouts resulting
from validation of signals make one take unnecessry
capital risks.
However this is just my thinking and I dont want to
start an arguement or stir up a controversy with the
people who believe in the powers of complex
mathmetical computations.
Regards
Rakesh
--- Ken Close <closeks@xxxxxxxx> wrote:
> Rakesh: sorry for duplicating your explanation. I
> did not scroll up and
> read the messages later in my Inbox.
>
> Do you regularly use GET to trade and are you
> successful with it?
>
> I tried for over a year with RT GET (the $3K model
> but on sale when I
> got it) and was not very successful, unfortunately.
> It was soon after
> that that I began to realize that trading success is
> not a function of
> the great tools one can buy or rent, but how one
> uses one or two simple
> tools and is consistent with that tool.
>
> Ken
>
> -----Original Message-----
> From: Rakesh Sahgal [mailto:rakeshsahgal@xxxxxxxxx]
> Sent: Monday, June 14, 2004 8:21 AM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: Re: [amibroker] Re: Fib solutions vs the
> tough market decisions
>
> Dimitri
>
> The ellipse I was referring to, can be seen here:
>
>
http://share.esignal.com/groupcontents.jsp?folder=Ellipse%20examples&gro
> upid=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@xxxxxxxxx> 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
> > > >
> > > >
> > >
> > >
> > >
> > >
> > >
> > > __________________________________
> > > Do you Yahoo!?
> > > Friends. Fun. Try the all-new Yahoo!
> Messenger.
> > > http://messenger.yahoo.com/
> >
> >
>
>
> __________________________________________________
> Do You Yahoo!?
> Tired of spam? Yahoo! Mail has the best spam
> protection around
> http://mail.yahoo.com
>
>
>
> Check AmiBroker web page at:
> http://www.amibroker.com/
>
> Check group FAQ at:
>
http://groups.yahoo.com/group/amibroker/files/groupfaq.html
>
> Yahoo! Groups Links
>
>
>
>
>
>
> ---
> Incoming mail is certified Virus Free.
> Checked by AVG anti-virus system
> (http://www.grisoft.com).
> Version: 6.0.706 / Virus Database: 462 - Release
> Date: 6/14/2004
>
>
> ---
> Outgoing mail is certified Virus Free.
> Checked by AVG anti-virus system
> (http://www.grisoft.com).
> Version: 6.0.706 / Virus Database: 462 - Release
> Date: 6/14/2004
>
>
>
>
> ------------------------ Yahoo! Groups Sponsor
> --------------------~-->
> Yahoo! Domains - Claim yours for only $14.70
>
http://us.click.yahoo.com/Z1wmxD/DREIAA/yQLSAA/GHeqlB/TM
>
--------------------------------------------------------------------~->
>
>
> Check AmiBroker web page at:
> http://www.amibroker.com/
>
> Check group FAQ at:
>
http://groups.yahoo.com/group/amibroker/files/groupfaq.html
>
> Yahoo! Groups Links
>
>
> amibroker-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
>
__________________________________
Do you Yahoo!?
Friends. Fun. Try the all-new Yahoo! Messenger.
http://messenger.yahoo.com/
------------------------ Yahoo! Groups Sponsor --------------------~-->
Yahoo! Domains - Claim yours for only $14.70
http://us.click.yahoo.com/Z1wmxD/DREIAA/yQLSAA/GHeqlB/TM
--------------------------------------------------------------------~->
Check AmiBroker web page at:
http://www.amibroker.com/
Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/amibroker/
<*> To unsubscribe from this group, send an email to:
amibroker-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|