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> 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.
True.
Thanks for the clarification.
brian_z
--- In amibroker@xxxxxxxxxxxxxxx, "wavemechanic" <timesarrow@xxx>
wrote:
>
> 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 -----
> From: "brian_z111" <brian_z111@xxx>
> To: <amibroker@xxxxxxxxxxxxxxx>
> 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@>
> > 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/
> >>
> >>
> >>
> >>
> >> > Individual Email | Traditional
> >>
> >>
> >>
> >>
> >> > http://groups.yahoo.com/group/amibroker/join
> >>
> >> > (Yahoo! ID required)
> >>
> >>
> >>
> >>
> >> > mailto:amibroker-digest@xxxxxxxxxxxxxxx
> >>
> >> > mailto:amibroker-fullfeatured@xxxxxxxxxxxxxxx
> >>
> >>
> >>
> >>
> >> > amibroker-unsubscribe@xxxxxxxxxxxxxxx
> >>
> >>
> >>
> >>
> >> > http://docs.yahoo.com/info/terms/
> >>
> >> >
> >>
> >>
> >>
> >>
> >> -----------------------------------------------------------------
---
> > ----------
> >>
> >>
> >> No virus found in this incoming message.
> >> Checked by AVG Free Edition.
> >> Version: 7.5.516 / Virus Database: 269.21.2/1304 - Release
Date:
> > 2/29/2008 8:18 AM
> >>
> >
> >
> >
> >
> > 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
> >
> >
> >
> >
> >
> > --
> > No virus found in this incoming message.
> > Checked by AVG Free Edition.
> > Version: 7.5.516 / Virus Database: 269.21.2/1304 - Release Date:
2/29/2008 8:18 AM
> >
> >
>
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:
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For other support material please check also:
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