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Dimitris, This is the code I was referring to in my original message.
Mark
--- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx>
wrote:
> Mark,
> there is an exploration at
> http://www.amibroker.com/library/detail.php?id=105
> including triangles.
> The code is a bit old but it works.
> If there is any problem with this, please let me know.
> Dimitris Tsokakis
> >
> > ----- Original Message -----
> > From: "quanttrader714" <quanttrader714@xxxx>
> > To: <amibroker@xxxxxxxxxxxxxxx>
> > Sent: Thursday, November 20, 2003 1:45 PM
> > Subject: [amibroker] Re: Enhanced H&S pattern, I [the false
> readings] -- For
> > DT
> >
> >
> > Hi DT,
> >
> > One pattern I trade (when I notice it) is the ascending triangle. I
> > have your pattern recognition exploration which includes it, but
> never
> > seem to be able to find any. Would love to be able to scan for
> > candidates to review. Any ideas on how to make the code more
> > "liberal" or just some simple code for only the ascending triangle
> > that I could play with and adjust? I looked at what you coded in
> the
> > exploration and must admit I don't follow it. Thanks!
> >
> > Mark
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS"
> <TSOKAKIS@xxxx>
> > wrote:
> > > --- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx> wrote:
> > > > Hi DT,
> > > >
> > > > Thursday, November 20, 2003, 7:58:12 PM, you wrote:
> > > >
> > > > >> 2) The right shoulder is slightly higher than the left
> > shoulder.
> > > > >> That's a no-no for me. It should be no higher than, and
> > ideally
> > > > DT> just
> > > > >> a touch lower than, the left shoulder. (Yes, I'm picky.)
> ^^_^^
> > > >
> > > > DT> But you speak for a 37.36 vs 37.75, ie an 1% difference ????
> > > >
> > > > I can't help it. ^_^ I noticed it right away.
> > > >
> > > > >> 3) A touch of the neckline is a touch of a *support* line.
> > > While a
> > > > >> H&S is generally a bearish formation, it is not really
> bearish
> > > until
> > > > >> you get a clean, confirmed break of that neckline. This one
> > has
> > > no
> > > > >> clean break. I would say a clean break is at least one bar
> > with
> > > the
> > > > >> high lower than the neckline. Until that happens, it's a
> > support
> > > > >> line, even in a rather bearish formation. Penetration is NOT
> > > > >> guaranteed by the formation itself. Maybe people
> > misunderstand
> > > > DT> this,
> > > > >> and that's why so many claim the formation is worthless. Any
> > > > >> formation is worthless if you don't play by the rules. ^_-
> > > >
> > > > DT> But, you shorted ^N225 3 bars b e f o r e the [unknown for
> > this
> > > > DT> moment neckline breakout], donīt you remember ??
> > > >
> > > > Sure I remember. ^_^ But I was not playing for a neckline
> > > breakout.
> > > > I was playing for a fall to the neckline. I got it. It was a
> > > normal
> > > > swing type play I think. I saw the bounce rolling over, and I
> > took
> > > > the short.
> > > >
> > > > At the time I took the shorts, and even before, I had a vision
> of
> > a
> > > > H&S setting up. But to be sure, I didn't take those shorts
> > > *because*
> > > > of any H&S. I took them because price was rolling over, and the
> > > > overall formation spoke of price weariness.
> > > >
> > > > DT> The question that began this thread is what do we do 2-3
> bars
> > b
> > > e f o
> > > > DT> r e the neckline touch.
> > > >
> > > > If you see it setting up, why would you not short the right
> > > > shoulder's rollover? The obvious answer is, "How much room do
> you
> > > > have before you hit support"? I had plenty of room, and one
> > reason
> > > I
> > > > had that room was that the neckline was horizontal.
> > > >
> > > > Now look at BA again. Short the breakdown on 10/21, and you
> have
> > a
> > > > profitable swing. It's not much though, because the neckline is
> > > > rising left to right. So you get a bar or two, and you better
> be
> > > > nimble about getting out.
> > > >
> > > > DT> IMO, BA is a typical whipsaw example.
> > > >
> > > > IMO, BA is not an example to get very excited about. As I say,
> I
> > > > didn't even see it until your code forced me to.
> > > >
> > > > DT> This would be a good end of this thread: A H&S is what we
> see
> > > as a
> > > > DT> H&S and nothing more. I tried [unsucessfully] to introduce
> > some
> > > > DT> objective criteria following your [respectable] personal
> > > vision, but
> > > > DT> it is the moment I give up.
> > > >
> > > > It's okay DT. Really. I think it is probably Mission
> Impossible
> > > > anyway.
> > > >
> > > > >> (One of the great keys to successful swing trading --
> > especially
> > > > >> short trading -- is figuring out how many got in how much
> > trouble
> > > > >> exactly where. This is what made the ^225 H&S "predictable"
> > > before
> > > > >> it fully formed, IMO.)
> > > >
> > > > DT> Shall we add this "how many got in how much trouble exactly
> > > where" in
> > > > DT> H&S criteria ? You should be kidding...
> > > >
> > > > No, no, no. ^_^ Just a general comment on trading, that's all.
> > It
> > > > was clear some people were in trouble here in Tokyo, and if it
> was
> > > > clear to this girl, it was also clear to people with a lot more
> > > money
> > > > who can really make things happen. I think they did.
> > > >
> > > > DT> Thank you for your opinions, I give up at this critical
> point.
> > > > DT> Dimitris Tsokakis
> > > >
> > > > Thanks for your hard work DT. I hope you are not angry at me.
> I
> > do
> > > > appreciate all (and I marvel at your coding ability), but I do
> > think
> > > > this type of thing has to be so obvious we don't need to code
> it.
> >
> > > As
> > > > I said, it's kind of an analog thing (Left brain? Right
> brain? I
> > > > can never remember which one I'm using, or supposed to be
> using).
> > > > ^^_^^
> > > >
> > > > Best,
> > > >
> > > > Yuki
> > >
> > > King Gelon said to Archimedes : Even if you calculate the number
> of
> > > the sans grains to fill the whole universe, it will be impossible
> > to
> > > say it, we do not have such great numbers in our [math or not]
> > > language.
> > > Archimedes did the calculation first and then [that simple for
> him]
> > > created out of the blue a new counting system to express his own
> > > solution.
> > > [http://physics.weber.edu/carroll/Archimedes/sand.htm
> > > http://www.etext.org/Zines/Critique/article/reckoner.html
> > > etc etc]
> > > It was probably one of the first "never say never" . Myriads
> > > followed...
> > > Dimitris Tsokakis
> >
> >
> >
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> >
> >
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