|
PureBytes Links
Trading Reference Links
|
I do not have to run to the book store at all!
His definition is as ambiguous as you can possibly get.
If it were not so then long ago I might have accepted what
he is trying to but not able to say.
Clyde
- - - - - - - - - - - - - - - - - - - - - - - - - - - -
Clyde Lee Chairman/CEO (Home of SwingMachine)
SYTECH Corporation email: clydelee@xxxxxxxxxxxx
7910 Westglen, Suite 105 Office: (713) 783-9540
Houston, TX 77063 Fax: (713) 783-1092
Details at: www.theswingmachine.com
- - - - - - - - - - - - - - - - - - - - - - - - - - - -
----- Original Message -----
From: "Adrian Pitt" <apitt@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, July 17, 2002 4:03 PM
Subject: RE: [RT] Why Fibonacci Numbers work and Number crunching - change
directions
> Clyde,
>
> I have the definitive answer for you if you truly wish to discover which
> Pivots to use. Here's your answer:
>
> ALWAYS USE THE PATTERN TERMINATION POINT.
>
> How do we find the pattern termination point?
>
> BUY GLEN NEELY's "MASTERING ELLIOTT WAVE" and spend a few years
> practising
> And codifying what you can. Of course I doubt anyone on the planet
> could do
> It successfully, but people love challenges.
>
> Adrian
>
> > -----Original Message-----
> > From: Clyde Lee [mailto:clydelee@xxxxxxxxxx]
> > Sent: Thursday, 18 July 2002 1:58 AM
> > To: realtraders@xxxxxxxxxxxxxxx
> > Subject: [RT] Why Fibonacci Numbers work and Number crunching
> > - change directions
> >
> >
> > Understand, this is not about FIBS, this is about PIVOTS.
> >
> > You have contended over and over that because the pivots that
> > are picked by a stringent mathematical definition do not fit
> > what you see as pivots that the study is faulty.
> >
> > You (and I guess most of the readers on this and several other
> > lists) know that I am dedicated to the pivot determination
> > METHOD that I have developed. I am not tied to any
> > particular length for the pivot but at the present time when
> > an analysis is done then the number of bars used to evaluate
> > when a pivot occurs is fixed. It may be that that condition
> > needs to be tied some way to market activity, I just do not know.
> >
> > What I want you to do is define for me the characteristics
> > that you use in defining what constitutes a pivot that you would use.
> >
> > I don't care how complicated or simple these characteristics
> > are, whatever they are I would like to program them in a
> > pivot finding algorithm that could be of value to the entire
> > trading community.
> >
> > In attempting something of this order I can assure you that
> > the initial statement of the method will not contain all the
> > elements that you use and that it will take a number of
> > iterations to achieve the equivalent of what you establish
> > for pivots by looking at a chart.
> >
> > On all of these studies that we have disagreed over you
> > have had the benefit of hindsight in selecting the pivots
> > that you thought were appropriate for measurement where the
> > evaluation covered more than one pivot.
> >
> > My pivot selection method has NO insight into what may
> > happen forward of the day/bar on which an evaluation is
> > performed and consequently cannot identify a pivot until some
> > period of time (variable) following the actual event that is
> > the pivot.
> >
> > We all know that we must have some information forward
> > of the pivot to be able to identify that pivot. I know that
> > is a matter of fact and accept the "lag" inherent in the
> > determination of pivots.
> >
> > I'm willing to put whatever time is needed into such a
> > project since I think it will give me and many others a
> > better understanding of why a "simple" method of picking
> > pivots is invalid.
> >
> > Clyde
> >
> > - - - - - - - - - - - - - - - - - - - - - - - - - - - -
> > Clyde Lee Chairman/CEO (Home of SwingMachine)
> > SYTECH Corporation email: clydelee@xxxxxxxxxxxx
> > 7910 Westglen, Suite 105 Office: (713) 783-9540
> > Houston, TX 77063 Fax: (713) 783-1092
> > Details at: www.theswingmachine.com
> > - - - - - - - - - - - - - - - - - - - - - - - - - - - -
> >
> > ----- Original Message -----
> > From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Wednesday, July 17, 2002 9:54 AM
> > Subject: Re: [RT] Why Fibonacci Numbers work and Number
> > crunching doesn't
> >
> >
> > > Clyde,
> > > Yes your use of a 21-bar, has mirrored the pivots off the top I that
> > showed
> > > in my gif, however in looking at your pivot selection going
> > backwards
> > > from there some questions arrise that I believe causes your
> > "study" of
> > > fib's in this case, to be flawed.
> >
> >
> >
> >
> > ------------------------ Yahoo! Groups Sponsor
> > ---------------------~--> Save on REALTOR Fees
> > http://us.click.yahoo.com/Xw80LD/h1ZEAA/Ey.GAA> /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/
> >
> >
>
>
>
> 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 $5 Love Reading
Risk Free!
http://us.click.yahoo.com/TPvn8A/PfREAA/Ey.GAA/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/
|