|
PureBytes Links
Trading Reference Links
|
Agreed, every day the price smoke channel appears to be partitioned into
dynamic fib and gann related channels based on current day and previous
day's extensions. Coding the trades is not so easy. Clyde Lee did it.
bobr
http://www.oextrader.com/sigma_trader
----- Original Message -----
From: "Research Dept." <research@xxxxxxxxxxxxx>
To: "Dan Harels" <harelsdb@xxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, May 15, 2001 9:57 PM
Subject: Re: [RT] Fibo Research
> Hello Dan,
>
> with great sadness i have have to admit test show that there is an
> incredible correlation between fib the common levels and support
> resistance levels on an intraday basis of specifically the s&p futures
> market. call it self fulfilling (i do!) or whatever it seems to be
> very valid (well ok it is valid) probably until i post this publicly
> that is. this study was interestingly enough verified by rick
> saidenberg, who used to call me all the time and point it out to me on
> a daily basis until i broke down and run "the big test"
>
> i do not use them myself but i have spent some time with them i admit.
> so there i hope your satisfied, that crow didn't taste good.
>
> ps i must divulge that there is a trick, you must keep track of the
> intraday high and low, divide that by two and that pivot is the change
> between the retracement being calculated from the top or from the
> bottom.
>
> DH> This is directed to Research, however, I encourage others with
insights to
> DH> reply.
>
> DH> In a previous post, Research indicated that he is fond of figuring
things
> DH> out and that a good share of his trading profits go towards
computational
> DH> power. Mr. Research has established his credibility in my mind and I
am
> DH> curious if he has performed any studies related to the statistical
validity,
> DH> from a trading point of view, of Fibonacci retracements and
expansions. Any
> DH> information he cares to share on this subject will be appreciated.
>
> DH> Thanks,
>
> DH> Dan
>
>
>
>
> --
> Best regards,
> Research mailto:research@xxxxxxxxxxxxx
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
Attachment:
Description: "nqm1.gif"
|