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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (134673)	7/23/2006 8:37:54 AM
From: Eddy Blinker	Read Replies (1) \| Respond to of 209892

<like the Elliott wave, explain the physiological terms of > A bag full of rubbish- That what the Elliot Wave Principle is today. Polishing up this old spice rack of Hollywood origin can no longer net expected profits. In my opinion. Nowadays technology developments in Data communications are, when designed in that direction, able to emulate Wall Street trading in such a way that nobody on earth would notice the difference between " truth " and " false data " when looking at their via internet transported data. CHARTS!

To: skinowski who wrote (134673)	7/23/2006 12:15:11 PM
From: venividivici	Respond to of 209892

Yes, thanks for correcting, I meant overbought. In this setup he tries to catch strong moves when the oscillator remains extreme for some time. Sounds like he is putting into practice the saying "the market can stay irrational longer than you can stay solvent", which I always saw as a warning against those who use indicators as contrarian signals.

To: skinowski who wrote (134673)	7/23/2006 3:58:48 PM
From: Moominoid	Respond to of 209892

The magazine looks interesting. As my strategy evolves it basically comes down to at this point not trying to anticipate moves when the stoch is above or below 20 or 80 but making moves as the stoch crosses the moving average. Between 20 and 80 you need to anticipate the moves using the forecasting tools. But basically you are trying to ride the stoch waves, once you choose the correct stoch to follow. Even if you just used the crossovers you would have an edge. This system isn't subjective it can be applied mechanically and make money based on the backtest. Of course you can add some of the "analog stuff" like E-Wave in particular to do shorter term trades on corrective waves like we had the last two days... It's interesting though that I couldn't find anything forecastable in MACDs.