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Clyde you said:
"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"
Clyde I hope you know me better than that, I used "training mode" and these
were really things I would have looked at (I do not know what the next bar
will be until I move on).
I am saying a "variable" bar length would be required and your technique can
not do that, how could it know (a EW count to pick points whether major or
minor EW counts)?
I am curious about the question I asked?
"Additionally, am I correct in saying that the number at C (5.015)
represents its relationship of BC to AB? If so as mentioned the number is
not a valid extension from pivots that should be used. Also it is not being
used in the
manner that I would have done it (comparing one leg to the prior leg). That
is not how fib "expansions" are done. Again correct me if I am not
understanding "that aspect" of what you are doing."
Can you elaborate since it may be causing data in the analysis that should
not be there. I believe you have AGET (or did) so you should know what I am
asking.
don ewers
----- Original Message -----
From: "Clyde Lee" <clydelee@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, July 17, 2002 10:57 AM
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.
>
>
>
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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>
>
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