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I don't think I see anything you miss.
For now I am looking at this as a discretionary long position based
purely upon my subjective belief in trendline support. If I'm wrong
I'll get stopped out early with little damage.
But with the help of your afl code efforts, I shall look at the
mechanical side of trading trendlines, and I'll either confirm or
dispell my subjective leanings.
Do I gather from your comment that you are leaning toward believing
that support will be broken, and if so, why?
Phsst
--- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx>
wrote:
> 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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