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To: JW@KSC who wrote (7404)7/1/2008 2:02:10 PM
From: Galirayo  Read Replies (1) | Respond to 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



To: JW@KSC who wrote (7404)7/1/2008 3:23:05 PM
From: skinowski  Respond to of 41420
 
Tried to read your links - the idea of an Assembly Language I understood only on a very "low level", but the Boolean Algebra I was kind of grasping - I think if I read that introduction a couple more times it might even (somewhat) sink in... :)

Technical analysis attempts to bring out some order out of the chaos of human emotions which is the stock market. It works, but it takes much more patience and experience that most of us expect early on in our careers as analysts.

Trying to temper (and time) good "real life" ideas by utilising various TA tools is better than using each approach alone. In this game having an extra edge helps.... But it's important to remember that TA deals in probabilities - which means it is a certainty that now and then our analysis will be wrong. In those (not infrequent) cases we try not to stay wrong for too long.

edit - maybe I should make these remarks part of a new header for the thread. But this may have to wait until I come back in a few days - it's time to play in the sun for a while, and go through the motions of fishing.... :)



To: JW@KSC who wrote (7404)7/1/2008 6:01:50 PM
From: Galirayo  Read Replies (2) | Respond to of 41420
 
So in essence .. the Combo O Fibo and Harmo .. on the Toto Marketo would look kinda like thiso. :)

If it goes Below those Major WMAo's with conviction .. it may be a major RUT ROAH and Doomed'O.

stockcharts.com

Guess we'll know when the Banko Euro Meeting has ended on Thursday ?? Oh ?

What will it mean for Buenos of the $USD-Os ??

Stay Tuned !! We'll know soon ... No ?

We seem to have arrived at a Critical Inflection Point in the Market.