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Hi ... thanks for your emails
Scaling was, I believe, worked on by Elliot in the '30s and then by
Pretcher. Since you use Elliot Waves, you might want to check it out.
Mendelbrot's early work with cotton prices started with scaling then moved
into self-similarity and then chaos and fractals.
Aside from the charting, indicators and indicator developing ... using
Metastock's System Tester and Explorer gives you "a lot of numbers" to work
with. It's really a comprehensive "technical analysis" package despite it's
drawbacks.
>From Metastock it's a matter of running your "statistical analysis" on your
ideas in Excel, etc. This will help you to round out your profile or
"picture".
>From there it's on to "quantitative analysis". I know that the mere idea is
pretty hairy given all of the incomprehensible math floating around in the
various "quants" articles. But there are low-tech versions that even
high-school dropout guys like us with "Junior Birdman" math skills can use.
This will complete the "picture" by grinding out what the TA signal really
"looks like", i.e., what the profile is and what the forecasted "trajectory"
is.<G>
As far as I know this is the basic professional methodology. Once we have
the big picture of the analysis process, we can then begin scaling down to
what we've comfortable with.
Best regards
Walter
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