|
PureBytes Links
Trading Reference Links
|
Greetings Bob:
Another thing I ALWAYS look for in the EWosc is the H&S TOP pattern.
Probability of a reversal is very good once this pattern appears. Sorry, no
previous stats to prove this and don't believe in them anyway. As the name
of the osc implies, it should be used along with EW to determine if a
particular divergence is 'tradeable' or not. Regards.
Have a good one
Jeff Harteam
Hong Kong
> Her's a shot with the EWosc on the 3 minute ESU1 from
> midnight(pacific
> time). The red and blue line on the ES is the Ehler's MAMAFAMA.
> Even
> though there wasn't much range today a couple of profitable trades
> could
> have been made. The resolution on the .gifs might be screwed up.
> That
> comes from having 4 computers on a LAN with monitors of different
> sizes and
> settings and I haven't taken the time to figure out how to make the
> .gifs
> sized consistantly.
>
> bobr
>
> ----- Original Message -----
> From: "John Clemens" <jbclem@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>; <MedianLine@xxxxxxxxxxxxxxx>
> Sent: Monday, August 27, 2001 3:10 PM
> Subject: Re: [RT] Gen - EWosc suggestions
>
>
> > Bob:
> >
> > I couldn't find the ELA for the EWOsc you mentioned being posted. I
> have
> > the 5/35 osc programmed, but I'm not sure what the 80% bands are
> that you
> > mention. Would you might posting the ELA again, or sending it to
> me(I'm
> > assuming that you were the one who posted it).
> >
> > Thanks, John
> >
> >
> > ----- 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
> when
> the
> > > 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.
> These
> lengths
> > > 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 it
> at
> > > +1.4 when the trend is down. This line is the "shakeout" line for
> the
> > > little guys when the commercials are jerking price around for
> positioning
> > > 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
> > >
> > >
> > >
> > > 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/
> >
> >
>
> ------------------------ Yahoo! Groups Sponsor
> ---------------------~-->
> FREE COLLEGE MONEY
> CLICK HERE to search
> 600,000 scholarships!
> http://us.click.yahoo.com/zoU8wD/4m7CAA/ySSFAA/zMEolB/TM
> ---------------------------------------------------------------------~
> ->
>
> 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/
>
------------------------ Yahoo! Groups Sponsor ---------------------~-->
FREE COLLEGE MONEY
CLICK HERE to search
600,000 scholarships!
http://us.click.yahoo.com/zoU8wD/4m7CAA/ySSFAA/zMEolB/TM
---------------------------------------------------------------------~->
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/
|