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Buyers do not believe in the market since the middle of the last
week. We had some talk with Yuki also.
Friday's MSFT event was not coincidental.
On the other side, I don't see any specific movement to commodities
and it is not easy to explain this situation.
Sellers are waiting also, but for how long ?
The picture is not clear, for me, and I will wait for more clear
signals. I have to move now, I will post a full code tomorrow
[European] morning, for the necessary Roc to see a breakout. Since
the trendline equation is a function of time, we may know the exact
trendline value for the next, unknown bar and calculate accurately
the expected Roc, as you may probably agree...
Dimitris Tsokakis
--- In amibroker@xxxxxxxxxxxxxxx, "Phsst" <phsst@xxxx> wrote:
> 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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