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To quote myself:
"...nor can I confirm the usefulness of the technique."
Still, it's a pretty simple technique. Note that by using 144 tick bars,
Stowell is playing a longer intraday trend than I might feel comfortable
with (if I traded bonds, which I don't). Of course, he may use those long
bars to give him time to properly calculate the trend.
Incidentally, since both the earth's diameter and the speed of my overdue
notice are constants, I can't immediately see how this would improve the
calculation. Please explain. I only ask to sit humbly at thy feet and learn
thy secrets, oh master.
JFB
Shaven Heads Trading NYC
-----Original Message-----
From: Gerald Marisch [mailto:gm@xxxxxxxxxxxxx]
Sent: Sunday, February 14, 1999 2:16 PM
To: jfb.nyc@xxxxxxxxxxxxxxxx; Bob Hunt; Dave Pape
Cc: omega-list@xxxxxxxxxx
Subject: Re: Coding a semi-permanent support/resistance line
One, is not this a Gann technique?
Two, why not just use a trusted MA like a VIDYA? and
Three, where do you divide the earth's diameter multiplied by the speed of
your charge card's overdue notice being mailed to you?
(Sorry, John, I couldn't resist. Your way probably works, but I'm all for
simplicity)
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