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[amibroker] Re: Pattern Searching within AB



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Rounding off my contribution on this topic.

Most of my work, so far, has been based around EOD data (exclusively in 
stocks).

I consider that daily bars are the natural rhythm of the market.
I also regard them as nothing more, nor less, than barometers of market 
sentiment.

For macro trading, if we look at the markets in weekly/monthly time 
frames we are seeing exactly the same information that we see in daily 
timeframes,except that is an approximate summary.

Traders who want to see the macro picture with greater accuracy can do 
this by marking the major pivot points (write code for the daily 
timeframe to do that).

(Sorry I can't provide code at the moment).

If this is done it is successful, although I concede it is harder to 
follow the visual cues because of the limited number of bars that can 
be viewed in one screen (technically it is successful but I have no 
comment, for or against, it's usefulness for trading). 

IMO intraday bars, at around the 5 minute mark, are an extension of the 
daily timeframe and they can be successfully used to finesse entries 
and exists for EOD strategies.

As an aside.

Re: single bar patterns.

Once again, IMO, they are a summary (shorthand notation) of the 
underlying bar patterns.
I have made an effort to train my mind to know what info the single bar 
patterns are relaying to us, about the 'mood' of the market, in that 
timeframe (similar to the way in which musicians read music).

I don't know exactly how successful I have been, or how much that 
impacts on my trading, but it is quite good fun and it does have it's 
uses.

(It is consistent with my intention to strengthen my mental 
capabilities, for trading, by not over relying on computer memory).

>From my point of view, very little of what else is available 
in 'classical' TA is of any value.

I consider that the topic (patten recognition) is finite and that at a 
personal level I have conceptually exhausted the subject (after many 
hours of contemplation). That doesn't mean I have exhausted all effort 
in that area - there are still new patterns (to me) to be found and 
more detail to obtain about those I have considered.

I also consider that macro trading doesn't end there.

There is the other side of the coin.

If we are relying entirely on patterns, for macro trading, then we are 
only flying around on one wing (I will comment on supplementary methods 
somewhere down the track).

Intra-day trading, however, is another cup of tea.

The intraday 'patterns' are influenced markedly by the mechanics of the 
market (exchange hours, overnight cessation of trading, morning versus 
afternoon session, opening versus close, carryover action from the 
previous day etc) so it has some peculiarities of it's own.

Further to that, at the sub-micro level (tick trading), continuity 
breaks down into discrete packages (perhaps there are new things to 
find out about that).

I look forward to Hermans efforts to push that boundary.

Like Herman I believe that the more we learn about what is ahead of us 
the more we understand what is behind us.


brian_z




--- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@xxx> wrote:
>
> Should be fun.
> 
> Not posting against you.
> 
> Just a philosophical observation.
> 
> In nature, when we zoom in, we move from the discrete to the 
> continuous. Order disintegrates at the boundary (objectively we 'see' 
> no organizing principality in CHAOS).
> 
> In trading, when we zoom in, we move from the, apparently, continuous 
> to the discrete.
> 
> brian_z
>




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