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I will explain once again my charts. This is the last explanation, I do not want to write the same things again and again. I use Close as the main variable [black line] I use the zig function with 5% [yellow line] The retracements are plotted with the white line. 1. 6/5/1999 is correct 2...

Well, it is not MY interpretation. I follow the international definitions, nothing more, nothing less. 1. A retracement is A price movement in the opposite direction of the previous trend as you may see in http://www.traders.com/Documentation/RESource_docs/Glossary/glossary_NS.html 2...

Thank you for your kind words. I think we speak for the same thing and we use the same language. I will agree with your /under certain conditions/ but let me wonder for this /FAIRLY OFTEN/. If you ever have the time to write these conditions [in words], I will write the T/A code and check the...

This is a step to better T/A understanding. Since I always prefer the real examples, here is one. In ^NDX charts, from Jan 1997 till now and for a retracement zig ratio 5% there were 177 retracements. ONLY THREE [3] of them were equal to 0.618 16/10/2001 0.61 13/7/2001 0.61 and 6/5/1999...

In my opinion, there is no fib ratio to offer more than 10% successful statistics over a timeframe of, say, 10 years. Since the codes are available, it is not hard to proove what I say.

Yes, it is crystal clear. I DO use fibos and this is why I answer your question. Although I think it is obvious, I will add two more words:Since the USUAL fibo statistics is that poor, it is almost sure to AVOID them and this is statistically successful. If you read the codes, I give a 5%...

Since it is only a logical trick, this is another set of answers # Both fibos are correct to draw, they will equally give no result for real trading conditions # You may use any fibo level, they will equally have very low statistical confirmation As far as I remember from the college...

The answer to your questions is obvious. # No fibo is correct, because both #1 or #2 statistics are very poor # There is no reason to search among various fibo levels, even the best of them is below 5% in successful prognosis # The best way to use fibo is to forget all about it. This theory...

I will be more specific. Let us suppose a zig percentage 5%. Let us examine the 0.618 ratio and give a wide tolerance of 5% plus or minus. It means that ANY ratio between 0.588 and 0.648 will be considered as a TRUE 0.618. Since Jan 1997 we have for ^NDX 170 retracements and only 5 are in...

... ... of course.... i could be TOTALLY WRONG :) i think Robert Miner's book on Fib/Elliott is good. ..... he says the market shows strong Fib/Elliott patterns about 50% of the time. This is the weak point. The Fib patterns statistics is much lower than this 50%. And, as you...

The Fib statistics is VERY poor in real trading conditions. See the http://www.elitetrader.com/vb/showthread.php?s=&threadid=81457 The results leave NO room for further Fib thoughts.

In the period 2001-2004, when I was working on T/A, I have created lots of original indicators. They were all released for free and are available to any user. Some of them are included in T/A software packages. Many traders all around the world use them at their own risk of course. What I...

I have released some years ago the M/A crash test. http://www.amibroker.com/library/detail.php?id=116 It is a very simple way to check the response of various averages and see what you need. The maths are as simple as possible.

You may know the MA cross one bar before the actual cross and decrease the lag. Take a look at the recent http://www.traders.com/Documentation/FEEDbk_docs/Archive/022007/Abstracts_new/Tsokakis/tsokakis.html...

The most recent application is presented the 2nd part of my article in http://www.traders.com/Documentation/FEEDbk_docs/Archive/032007/Abstracts_new/Tsokakis/tsokakis.html

The theory of the Composites is probably one of the most interesting in T/A. You will need a powerful software to apply this theory. Amibroker and Wealth-Lab can support these functions AFAIK. See more in http://www.amibroker.com/guide/afl/afl_view.php?id=7...

There is a fundamental difference : The peaks of the various RSIs occur on the same day, even if you use RSI(10) or RSI(50). The peaks of the Stochastic depend on the period selected and will have a significant delay for high period values.

Thank you very much, I will take a closer look. Dimitris

Is there any web reference for this method ? TIA, Dimitris

I still work this [interesting project]. It was quite complicated in the beginning, day by day becomes more simple and powerful, we shall see... The character of this accumulation is the repeated "buy" signals. They cover a wide range, 2-3 days before and 2-3 days after the "best buy" day...