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Steve,
Thanks for the encouraging words. I find your work with the
MTF-S&R indicator fascinating! I will do some testing with
the method you describe.......and please pass along any other
tid-bits of wisdom you discover.
Best wishes,
Adam Hefner.
VonHef@xxxxxxxxxxxxx
---------------------------------------
----- Original Message -----
From: Steve Karnish <kernish@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Wednesday, May 05, 1999 10:10 PM
Subject: Re: Support or Resistance Penatration question
> Adam,
>
> Keep up the good work! Notice in the chart (attached) that it's almost a
> "given", when wheat is trading under the 13 day moving average, that the
> market will test support (and usually hold). On the other hand, when
wheat
> trades above the 13 day moving average (which has been often during the
> last year), we have a good chance of testing resistance and being turned
> back. As other indicators have turned up in wheat, the "swing hi-lo" has
> helped me to wait for the price to work into the support zone. Even
though
> wheat has been a rather disappointing long position during the last three
> weeks, the support zones have kept my purchases grouped between 2.59 and
> 2.63.
>
> Also, check out the June bonds for the last ten days. Where are you going
> to get better support and resistance than this? (Please, someone out there
> has better "stuff"...send it...
> I want to get my hands on it.) Don't worry about "trendiness". If the
> price violates the support (like in the DX today) or resistance (like
Sugar
> today), it's an indication of a market that will continue (with gusto).
> I'm just starting to get comfortable with the bracketing, but combined
with
> a modification of the probability cone (for daily ranges), I'm starting to
> scare myself with range projections.
>
> You really do great work Adam. Used and "tweaked" with a few other
> technical indicators, the hi-lo swing can be a powerful tool.
>
> Steve Karnish
> CCT
>
> ----------
> > From: VonHef <VonHef@xxxxxxxxxxxxx>
> > To: metastock@xxxxxxxxxxxxx
> > Subject: Re: Support or Resistance Penatration question
> > Date: Wednesday, May 05, 1999 5:21 PM
> >
> > Tommaso,
> > You may be right about the swings being only vertical.......I was just
> > making
> > an observation on the method (as I understand it) of using his "HiLo"
> > indicator
> > with what he calls "Gann-Swing" method. The HiLo is a simple 3 day
> average
> > of the high or low depending on the market direction, and my testing
> shows
> > that this would be better used in a trending market only. Don't
> > misunderstand
> > me, I am not degrading Krausz or his methods, In fact.....since I have
> > started
> > using this "Expert Advisor", my trading has improved! But, I don't
follow
> > these
> > signals blindly nor do I take every signal generated. I believe the
first
> > step in
> > improving a system is know its weaknesses, so my next project is to try
> to
> > create an expert that will identify all three market conditions and
alter
> > the
> > signals accordingly.
> >
> >
> > Best wishes,
> > Adam Hefner.
> > VonHef@xxxxxxxxxxxxx
> >
> > ---------------------------------------
> > ----- Original Message -----
> > From: Tommaso Galanti <galantit@xxxxxx>
> > To: <metastock@xxxxxxxxxxxxx>
> > Sent: Wednesday, May 05, 1999 6:40 PM
> > Subject: R: Support or Resistance Penatration question
> >
> >
> > > Adam,
> > > I believe that, in principle, Mr Krausz's assumptions are consistent
> with
> > > working in a swing scenario: swings are 'vertical' moves and trading
> > ranges
> > > are just parts of them; you trade according to the global swing rules
> and
> > > not to a part of it.
> > > On the other end (practical), Mr Krausz claims in his web site
> > > (www.fibonaccitrader.com) to have recently added to his sw some
> indicators
> > > that measure the trendiness of the market, based on Mr. William Blau's
> > > works.
> > >
> > > Greetings
> > >
> > > Tommaso Galanti
> > >
> > > -----Messaggio originale-----
> > > Da: VonHef <VonHef@xxxxxxxxxxxxx>
> > > A: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
> > > Data: luned́ 3 maggio 1999 20.59
> > > Oggetto: Re: Support or Resistance Penatration question
> > >
> > >
> > > > Mark,
> > > >Thanks for the reply. Actually you are dealing with the exact
scenario
> I
> > am
> > > >asking
> > > >about. I have been analyzing the "Gann-Swing" method that has been
> posted
> > > to
> > > >the list.......there are many things I like about it, but one thing I
> > don't
> > > <snip>
> > >
> >
> >
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