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PureBytes Links
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EW = Elliott Wave
So9 = Square of Nine
As for cutoff points, by definition there must be a
cutoff because one tick does not a pattern make. But in practical terms it
is below the smallest timeframe that most deal with (e.g., 5 minute). Not
worth worrying about, imo, as there are many more important factors at
play.
Being skeptical about something is fine but requires a
shot at an objective basis to get it out of the "I had a dream" state. One
normally grounds such conclusions on mucho experience or
statistics.
Bill
----- Original Message -----
Sent: Sunday, March 02, 2008 8:46
AM
Subject: [amibroker] Re: Pattern Searching within
AB
>
Bill,
>
> I have my own concept of waves and cycles but I do agree
that as long
> as there is sufficient volume they will form, even below
daily
> timeframes. There is a cut off point though, below which I expect
> them to be fragmental, and below that where they don't exist at
all.
>
> (I am interested to know what happens below the cut off
point as
> well).
>
> I have also found that while waves and
cycles are generally
> characterized by variance there is an underlying
sameness about them
> (almost like a template that varies in dimension
rather than shape).
>
> (I don't use Fibonacci - I am sceptical but
maybe we can swap notes
> on that some day).
>
> What is EW
and So9?
>
> brian_z
>
>
>
>
>
--- In amibroker@xxxxxxxxxxxxxxx,
"wavemechanic" <timesarrow@xxx>
> wrote:
>>
>>
Herman:
>>
>> RT systems may or may not work for EOD or
higher times. Depending
> on the time frame, indicator-based system
parameters often tend to be
> time frame specific. On the other
hand, systems based on price
> patterns and levels (e.g., Fibonacci
patterns, triangles, EW, So9,
> etc.) are fractal and work very well for
all time frames.
>>
>> Bill
>> -----
Original Message -----
>> From: Herman
>> To: brian_z111
>> Cc:
amibroker@xxxxxxxxxxxxxxx
>> Sent: Sunday, March 02, 2008 6:12
AM
>> Subject: Re: [amibroker] Re: Pattern Searching within
AB
>>
>>
>> without specific reference
to Brian's email below, in my limited
> experience I found
that:
>>
>>
>>
>>
>> 1) EOD bars are distinctly different from intraday
bars. imo, the
> primary reason for this is that, except perhaps at the
market open or
> close, intraday bars are not synchronized at any point
in time. EOD
> bars have distinct patterns that can be traded but do not
exist in
> intraday bars, i.e., Real-time systems do not necessarily work
in the
> daily time frame, or vise versa.
>>
>>
>>
>>
>> 2) Intraday bars gain random
content quickly when you reduce the
> period to less than about 3
minutes. At which period this happens
> depends also on
volume.
>>
>>
>>
>>
>> 3) In very short time frames, say less than 1-2
minutes, data and
> Internet delays start to play a major role. In this
range it is
> possible to develop HG systems with local data that fail in
real-
> trading. See my post on this on the UKB. Delays also vary with the
> number of stocks you trade (your system's resources) and market
> volume (at open and close).
>>
>>
>>
>>
>> 4) While I have never worked with longer
than daily bars i know
> that daily bars have features that do not, and
cannot, exist in
> weekly and longer time frames. Similarly, weekly and
longer periods
> may have their own unique features.
>>
>>
>>
>>
>> 5) imo, the OHLC
bar structure is obsolete. Imagine the design
> advantage if you knew the
HL precedence. Of course, in the majority
> of cases, you can be sneaky
and calculate HL precedence by assuming
> that the price follows path of
least resistance from the Open to the
> Close... or subscribe to
real-time data.
>>
>>
>>
>>
>> best regards,
>>
>>
herman
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>> For tips on developing Real-Time Auto-Trading systems
visit:
>>
>> http://www.amibroker.org/userkb/
>>
>>
>>
>>
>>
Saturday, March 1, 2008, 11:47:43 PM, you wrote:
>>
>>
>>
>>
>> > 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@>
> 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
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>> > Please note that this group is for
discussion between users
> only.
>>
>>
>>
>>
>> > To get support from AmiBroker please
send an e-mail directly to
>>
>> > SUPPORT
{at} amibroker.com
>>
>>
>>
>>
>> > For NEW RELEASE ANNOUNCEMENTS and other news
always check
> DEVLOG:
>>
>> >
http://www.amibroker.com/devlog/
>>
>>
>>
>>
>>
> For other support material please check also:
>>
>> > http://www.amibroker.com/support.html
>>
>> >
>>
>> > Yahoo! Groups Links
>>
>>
>>
>>
>> >
http://groups.yahoo.com/group/amibroker/
>>
>>
>>
>>
>>
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>>
>>
>>
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>>
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>>
>> >
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>>
>>
>>
>>
>>
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>>
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>>
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>>
>> >
>>
>>
>>
>>
>>
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