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Clyde,
I am not sure how to answer the training mode question. Even when I know
where we are headed I use it with all the indicators (5/35, 10/70, wave 4
red channels, PTI, you know the drill) to tell me what I should be doing
next. Forget what is happening later, that does not matter it is the
decision I would make at that time that would be important (I like to
buy/sell retracements depending on the direction if the EW pattern looks
right).
I have no idea how you could incorporate a "variable length" study, that is
my point from the very begining. I suggested "possibly" using the different
"strengths" of pivots (in AGET) but then fibs determine those. I frankly do
not think you can do it. If so you would be selling it for big bucks.
I am still curious about my extension question in my post? Can you address
that ordo I not understand what you the point C figure 5.015 represents?
don ewers
----- Original Message -----
From: "Clyde Lee" <clydelee@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, July 17, 2002 8:22 PM
Subject: Re: [RT] Why Fibonacci Numbers work and Number crunching - change
directions
> Don,
>
> I really don't fathom what you are asking. Yes I do have AGET (for
> longer than I want to think about) but what you are asking is beyond
> my comprehension.
>
> Insofar as variable length in the pivot determination, not a problem at
> all -- just what is the basis for the variation.
>
> I still am interested in the thought process which you use to ascertain
> what is a valid pivot and what is not.
>
> I can easily create an environment that contains both "major" and
> "minor" pivots but how/why use what is my question. Should I use
> TJ's Elliott oscillator as a basis for determining the EW count and from
> that determine what length of swing detection to use.
>
> Whether you use the training mode or not, I know that once I've seen
> a chart of any symbol then I am exposed to having that information
> muddy my thinking and so I live/die with mechanical determinations of
> pivots and realize that there is probably something else that should be
> used to determine if such pivots are valid.
>
>
> 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 5:57 PM
> Subject: Re: [RT] Why Fibonacci Numbers work and Number crunching - change
> directions
>
>
> > 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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> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
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> > >
> > >
> >
> >
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> >
>
>
>
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