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How can pitchforks be reliable when they are so dependent upon the
eye and perception?
Yes john there is a computer program that is not for sale yet...soon
but not yet....that picks pivots according to the ways Alan Hall
Andrews specified so that the lines are drawn from the right points.
Lots of signals have been built for it that pick out various
patterns and other things that Andrews liked to see. Several years
ago there was an article in the OCT issue of S&C magazine...that I
wrote... that talked about trading mechanically by entering near a
pivot #2 with the major trend..........so you count an abc or an
abcde and then look for prices to zoom the ml at the pivot 1 and
then return to the ml or the 2p or the h ....and enter there for
starters....
This can be put into the program in 20 seconds or less.
John I went through a lot of very smart people to get the pivot
formula programed and most are easy to spot but it's those few that
have a subtle but consistent difference that are important to
overall profitability. The guy that finally did it for me was a PHD
in theoritical physics. .....leave it to say it was not easy.
The real pivot formula is somewhat complicated and not the ones you
see in the posts.
Regards
R
--- In realtraders@xxxx, John Cappello <jvc689@xxxx> wrote:
>
> 1. What makes anyone think that a rally as significant as Fri. was
> just short covering?
>
> 2. What makes anyone think that Hurst Channels will be anything
more
> than just another indicater given the amount of work put into it.
>
> 3. Why should Norm offer more sound advice than he already does at
no
> charge?
>
> 4. Why were most TA people pointing their indicaters down on Fri.?
>
> 5. Why do people seem to think that the ability to program
correlates
> with coming up with sound ideas that are useful for real time
trading?
>
> 6. How can pitchforks be reliable when they are so dependent upon
the
> eye and perception?
>
> These are just a few questions I have had after seeing so many
posts
> on these subjects.They are meant for educational purposes of
myself
> and perhaps others. I have more, but they can wait.
>
> John
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