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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: JW@KSC who wrote (7404)7/1/2008 2:02:10 PM
From: Galirayo  Read Replies (1) of 41420
 
JW .. I'm sure you remember Sir Walt D ??

He's the one that shared this Stochastic Indicator Setting with me. I've found it works pretty well when other Contrasting Indicators are used in conjunction with it. This is my Default setting for my chart.

In my methodology I flip to other Moving averages based on Fibonacci Numbers but rarely move below the #13. I've found that these MAs show points of R [ resistance ] and S [support] in a Sequential manner. Very Similar to Gann Fan Lines but they are Fluid instead of Static Fan Lines. I try to use Both as well as EMAs or Expotential MAs.

So if Price Moves beyond the 34 MA .. I expect ot to test the 50MA .. then the 89MA .. then the 144MA .. to the 200MA. I opt for the 50 instead of the 55 and the 200 because they are Very Popular.

It's a Cookie Cutter Format that I have become familiar with. The Aroon behind shows Harmonic Horizontal Line areas of Support and R. Harmonics is part of the W.D. Gann Theory that gets into 1/16th .. 1/8th .. 1/4 .. 1/2 .. 3/4 .. instead of Fib Numbers .. but there are Specific Areas that are Uniform in Both Theories .. Especially the 50%.

That's a thumbnail sketch of my Madness .. lol

stockcharts.com

As you can see today at the Moment the XAU is sitting directly on the 50% Aroon Line near 196.
stockcharts.com

Also these particular MAs convert well to the Weekly View.

stockcharts.com
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