hi traders i don't see a specially reserved place for the ellipses in FF. therefore i have decided for to open a specially thread in trading systems
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DislikedGood grief! What's the point about "preannouncements" or preleude to a trading system? Just a waste of space.Ignored
Dislikedhi dear all
i must say to you in the main working with ellipses can be hard also can be very comfortably . in that , this hardness and comfort have connection with you .
in the first time ,you must use form indicator of Zigzag with these inputs :
variable---------------value
Extdepth --------------12
Extdeviation-----------5
Extbackstep-----------3Ignored
Dislikedyou are required to know that ,
for one thing we use from indicator of Zigzag for distinction the ratio of major axis X to minor axis Y .
in like manner we can see that the ratio of major axis to minor axis formes the picture of an ellipse .
secondly , indicator of Zigzag help to us for determining points of enter or exit from an ellipse.Ignored
Dislikedbut about ellipse
by watching the markets ( especially , the LFX , FX , commodity markets ) i noticed something interesting about ellipse patterns .
combination of an ellipse with the fibonnaci ratios give us a powerful and the best trading tool.
also an ellipse used in chart can be used to determine significant support and resistance points.Ignored
Dislikedfor example
you can see power and honesty an ellipse
if you see usdyen daily . more technical analysis tools show to us a point of enter for short USDYEN after break 90.74Ignored
Dislikedthis can only be applied after the fact though. unless u can show otherwise.Ignored