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Richard,
What is a yawn . . . Ahhhhhhhhh . .... just kidding.
First Bill Williams wrote the book New Trading Dimensions which someone else
inquired about (as well as Trading Chaos), regarding the Investors Dream
software he sells, that where this all started. I simply replied I have
found parts to be useful.
Regarding a yawn, it is a "fractal", which he uses. It is basically a pivot,
which he defines as a high or a low surrounded by two bars on each side that
are higher or lower than the pivot. There are various patterns which are
well defined in the book (like when the pivot high or low has several bars
at the same high and low), but just stick with the basic definition. Now, a
yawn is a fractal that occurs when the displaced moving averages cross and
ideally inter-twine. It can be inside the mouth (between the lips (green)
and the jaw (blue)) or ideally outside it. The key is when a horizontal line
is drawn from it the subsequent intersection happens outside the mouth. That
is your buy/sell point, one tic above/below that depending on the direction.
I drew a red arrow on the last gif showing the sell today. By the way the
teeth are red, appropriately.
I mis-spoke on my earlier post regarding the sell in the middle of the chart
by the way, there is a sell fractal but notice it was never subsequently
taken out, so no short would have been initiated. A total of five yawns,
four were triggered and four were profitable, not bad.
don ewers
----- Original Message -----
From: "Richard" <rparrbird@xxxxxxxx>
To: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
Sent: Wednesday, October 25, 2000 7:10 PM
Subject: Re: [RT] Gator
> Don, OK. You got me. I can't figure out what constitutes a "yawn".
> Also somehow I missed the name and author of the book that contains
> this. Thanks for any help you might throw my way.
>
> Rich Parrott
>
> Don Ewers wrote:
> >
> > To finish off the gator, a sell signal today at 100-17, as well as a
> > DiNapoli Double Repo sell signal (good book by the way) at 100-20 (not
> > shown), would have put traders short. Also a negative DMI cross today
in
> > the
> > 1020 hour also yet another caution at least short term.
> >
> > I am not sure of the 1-2-3 count down (shown on the Advanced GET chart)
so
> > ignore at the moment,
> > it could also be an ABC with a "hammer" bottom in place.
> >
> > Anyway a trading opportunity and something to watch if you were tempted
to
> > go long in those areas. Can they fail, of course they can, that's where
> > money
> > management comes in, and a failure also tells you something . . . .
(notice
> > what followed the sell signal).
> >
> > And always, always, remember "don't feed the gator" unless you enjoy
being
> > gator meat.
> > don ewers
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxx
> >
>
------------------------------------------------------------------------
> > Name: RB00Z60min102500.gif
> > RB00Z60min102500.gif Type: GIF Image (image/gif)
> > Encoding: base64
>
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