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Kevin,
It is my honour and privilege to be in esteemed
company here, and I really enjoy the interaction.
I have learnt a lot from here, and have no
hassles in "giving something" back. Whatever I can.
Sure, your code for explorations would be
welcome. Who knows, Jose or Roy may even polish it up and enhance it for all of
us to share.
DusantChief Architect<A
href="">www.candlestrength.com
<BLOCKQUOTE dir=ltr
>
----- Original Message -----
<DIV
>From:
<A title=kevin_barry@xxxxxxxxxxxxxx
href="">Kevin
To: <A
title=Metastockusers@xxxxxxxxxxxxxxx
href="">Metastockusers@xxxxxxxxxxxxxxx
Sent: Thursday, February 19, 2004 20:34
PM
Subject: Re: [Metastockusers] Projecting
An Indicator Value Ahead
Hello Dusant,Thanks
for your comments. You may well be right.Thanks too for your regular
and interesting postings. And speaking of Fibonacci, I have written an
exploration that detects stocks whose price has hit a fib level. It's not
rocket science but it did involve a lot of typing! If you're at all
interested, let me know and I'll post it.Regards,KevinAt
22:21 18/02/2004 +0530, you wrote:
Kevin,What you are asking is a
matter of both price and time. Therefore, its really is not possible
to project both time and price in an indicator. Yes, the upper and
lower levels of a trigger can be calculated one day in
advance.There was something written about Reverse
Engineering the RSI, and the formulae are also available in various
places.Personally, I have tried using this method, and found that it
does not in any way enhance my trading.I still feel the trailing stop
loss method to be the best to lock in profits, and the fibonacci extensions
to "project" price targets.My very humble opinion.DusantChief
Architect<A
href="">www.candlestrength.com
----- Original Message -----
From: Kevin
To: <A
href="">Metastockusers@xxxxxxxxxxxxxxx
Sent: Wednesday, February 18, 2004 21:23 PM
Subject: [Metastockusers] Projecting An Indicator Value
Ahead
Hello,
Signals are given when a certain event occurs, e.g. two moving
averages
cross over and/or the RSI crosses below, say, 70.
Has anybody looked a way of formulating ahead of time the price that
an
equity has to hit in order to trigger a particular signal? For
example,
let's say that on a certain day the price of a stock is 75, the
value of
the 20MA is 80 and the value of the 50MA is 85. What will the price
of the
stock be if and when the 20MA crosses above the 50MA? How many days
ahead
would one be able to calculate it?
So, let's say that you would initiate a long trade when, say, the
20MA
crosses above the 50MA as long as the RSI(14) is greater than 50.
Rather
than wait until one notices that this combination of events has
occurred,
could one instead place a limit buy order in the market ahead of
time, at a
specific price, confident that if the order is executed, the MA and
RSI
signals have actually been triggered? If so, how far ahead?
Any comments?
Regards,
Kevin
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