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How about the real life now ?
QQQ was below 0.1 on Friday, almost ideal touch of the support for
the 3rd time, but, nothing specific as for the direction till now.
Do you see something I miss ?
[This is *exactly* my fear for a support breakdown. Buyers have no
intension to send the Qs higher today...]
Dimitris Tsokakis
--- In amibroker@xxxxxxxxxxxxxxx, "Phsst" <phsst@xxxx> wrote:
> <As for your second question, do not forget the other
interpretation,
> a "touch" is ideal for a bearish breakout...>
>
> Forgot to respond to above...
>
> a "touch" is also ideal for a bullish bounce...
>
> Phsst
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS"
<TSOKAKIS@xxxx>
> wrote:
> > Phsst,
> > Since we know [http://www.amibroker.com/library/detail.php?
id=105]
> > the support line equation
> > trendlineS = aS * ( x -endt ) + bS;
> > we may explore with
> > filter=abs(L-trendlineS)<coeff*L
> > and see the probable "touch".
> > Coeff values between 0.01 and 0.02 give an idea.
> > Here is an example
> >
> > per=3;// calibrate
> > x = Cum(1);
> > s1=L;
> > s11=H;
> > pS = TroughBars( s1, per, 1 ) == 0;
> > endt= LastValue(ValueWhen( pS, x, 1 ));
> > startt=LastValue(ValueWhen( pS, x, 2 ));
> > dtS =endt-startt;
> > endS = LastValue(ValueWhen( pS, s1, 1 ) );
> > startS = LastValue( ValueWhen( pS, s1, 2 ));
> > aS = (endS-startS)/dtS;
> > bS = endS;
> > trendlineS = aS * ( x -endt ) + bS;
> > Coeff=0.01;// calibrate
> > F=abs(L-trendlineS)<Coeff*L;
> > AddColumn((abs(L-trendlineS))/L,"Coeff",1.3);
> > Filter=f;
> >
> > Select your Coeff and explore.
> > As for your second question, do not forget the other
interpretation,
> > a "touch" is ideal for a bearish breakout...
> > Dimitris Tsokakis
> > --- In amibroker@xxxxxxxxxxxxxxx, "Phsst" <phsst@xxxx> wrote:
> > > Dimitris,
> > >
> > > A few weeks ago we exchanged some trendline dialogs when the
QQQ's
> > had
> > > hit trendline support.
> > >
> > > I made the QQQ trade a day or two late on (10/02), but still
made a
> > > nice profit.
> > >
> > > Well, the Q's are bouncing around the lower support trendline
again.
> > >
> > > The only way I can figure to play it is to buy 'at support'
again.
> > >
> > > I now have a collection of 'trendline' indicators (from you and
> > > others) that I intend to convert into explores that will find
these
> > > opportunities for me. But the 'Pattern Recognization' afl did
not
> > pick
> > > up on the Q's tonight.
> > >
> > > Just wanted to mention this to you to see if you might be as
curious
> > > as me about trying to trigger a signal on such a strong signal.
> > >
> > > Phsst
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