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Just pulled out the manual.
Oscillator breakout above breakout band
identifies W3.
After breakout, a pullback under breakout
band to a point
at least 90% of W3 peak or zero will
identify W4.
After pullback, a breakout over band is
likely leading to
a W5 top. Oscillator at W5 top should
be less than at
W4 top. Too much of a pullback and W3
is probably invalid.
Quite a few other things also discussed and
in particular
how this should be used with other
indicators.
Clyde
- - - - - - - - - - - - - - - - - - - - - - - - - - - -Clyde
Lee
Chairman/CEO (Home of
SwingMachine)SYTECH
Corporation email: <A
href="mailto:clydelee@xxxxxxxxxxxx";>clydelee@xxxxxxxxxxxx 7910
Westglen, Suite 105
Office: (713) 783-9540Houston, TX
77063
Fax: (713) 783-1092Details
at:
www.theswingmachine.com- - - -
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<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
BobR
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx ; <A
title=MedianLine@xxxxxxxxxxxxxxx
href="mailto:MedianLine@xxxxxxxxxxxxxxx";>MedianLine@xxxxxxxxxxxxxxx
Sent: Sunday, August 26, 2001 13:05
Subject: Re: [RT] Gen - EWosc
suggestions
It would be best if someone familiar with AGet and that
oscillator answeredthe question. I would suspect there are rules but
I haven't run into themyet. Maybe we will have to create them. The
question is an excellent oneand I will look for an answer as I work
through the manuals and tapes. Thevideo tape examples of the use of the
oscillator so far have been in wave 3and retracements in wave
4.bob----- Original Message -----From: "Jan Philipp"
<jan4123@xxxxxxxxxxxxx>To: <realtraders@xxxxxxxxxxxxxxx>;
<MedianLine@xxxxxxxxxxxxxxx>Sent: Sunday, August 26, 2001 10:53
AMSubject: Re: [RT] Gen - EWosc suggestions>
Bob,>> Are there rules for the use of 5/17 & 5/35 osc for
ABC corrections e.g.> similar to> those for impulse waves W.3
& W.5 (divergence, etc.) ?>> Jan Philipp>>
----- Original Message -----> From: "BobR"
<bobrabcd@xxxxxxxxxxxxx>> To:
<realtraders@xxxxxxxxxxxxxxx>;
<MedianLine@xxxxxxxxxxxxxxx>> Sent: Saturday, August 25, 2001
3:31 PM> Subject: [RT] Gen - EWosc suggestions>>>
> Here are some suggestions to consider on use of the EWosc posted>
yesterday.> > Other input is welcome.> >> >
1.> > Use the (H+L)/2 input when price levels in the data set are in
the same> > ballpark as in intraday data, and use Log((H+L)/2) when
they are in> > different ballparks such as on daily or weekly or
monthly charts whenthe> > data set goes back years and
decades.> > 2.> > Set the K input to 0.8 for "80%"
bands. The default is 1.0 or "100%"and> > you may want to
leave it there too for different instruments. The bands>
are> > considered strength or breakout bands. Lower levels
trigger earlier> > breakouts.> > 3.> > Insert
the EWosc 3 times and use 3 different length inputs.
Theselengths> > were for 60 minute bars and day bars, but may
also apply to shorter> > intervals.> > 5/17 for scalpers
and little guys with tight stops> > 5/35 for position traders of 1
to 2 days> > 10/70 for commercials> > 4.> > Lay
horizontal lines at the -1.4 level when the trend is up. Place
itat> > +1.4 when the trend is down. This line is the
"shakeout" line for the> > little guys when the commercials are
jerking price around forpositioning> > like occurred on
Friday. When the Little Guy is shaken out but the> >
Commercial Osc is still above the -1.4 and turns up and crosses zero
and> > then crosses the upper breakout band like on Friday, well,
you get the> > picture.> > 5.> > When the
Commercial Osc is above the upper band, price is in wave 3.You>
> want to be long in wave 3 and ride with the commercials as they are
in> > control. Watch for divergences between price and the
Oscillators> indicating> > the end of wave 3.>
>> >> > To unsubscribe from this group, send an email
to:> > realtraders-unsubscribe@xxxxxxxxxxxxxxx> >>
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