|
PureBytes Links
Trading Reference Links
|
> > I think there is a "PPS" software, but I doubt it can get
> > the whole deal...How
> > do you code multiple triangles like that?
As I was writing a little voice said: "I bet Clyde's got
something."
Very nice! Thanks!
Anyway, "PPS" is sort of a system for trading triangles. I read
the book (may still have it?), but it was a long time ago. And
I've seen the "system" too. The hard part of coding the *system*
in my mind is not only finding triangles, but deciding which ones
to trade, and where and how to trade them. Even Arnold's original
system wasn't exactly "right." Simple vanilla breakouts
are too well known and risky for my blood: even when they work they
tend to get whipsawed a bit first. Nonetheless, I think triangles
are worth a second look; by their very nature they are range
contractions and as such can be energy "coils" for the market.
--- In realtraders@xxxxxxxxxxxxxxx, "Clyde Lee\(SBCY\)"
<clydelee@xxxx> wrote:
> Triangles are "simple" but "complex" things.
>
> Measures of the validity of a triangle could be the number of
> bars from base to apex of triangle -- Junk0 & Junk1 use a 250
> bar criteria while Junk2 uses a 100 bar.
>
> Another measure is the difference in the slope of the top and
> bottom lines. Junk0=1.0, Junk1=0.5, and Junk2=0. But
> remember, the cutoff for junk2 was 100 bars.
>
> Of course the first parameter is the length (in bars) for picking
> the pivots. In these cases it was 8 bars (see LengthOfSwing for
> an explanation -- in files area).
>
> Thought this might provoke some conversation about what
> these "straight line" figures represent.
>
> If you want to study other symbols let me know and I will
> publish them.
>
> Clyde
>
> - - - - - - - - - - - - - - - - - - - - - - - - - - - -
> Clyde Lee Chairman/CEO (Home of SwingMachine)
> SYTECH Corporation email: clydelee@xxxx
> 7910 Westglen, Suite 105 Office: (713) 783-9540
> Houston, TX 77063 Fax: (713) 783-1092
> Details at: www.theswingmachine.com
> - - - - - - - - - - - - - - - - - - - - - - - - - - - -
>
> ----- Original Message -----
> From: "tradewynne" <tradewynne@xxxx>
> To: "realtraders" <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, April 30, 2003 11:28 AM
> Subject: RE: [RT] Triangles- PPS Trading System
>
>
> > --- In realtraders@xxxxxxxxxxxxxxx, "Trey Johnson"
<dickjohnson3@xxxx>
> wrote:
> > > Does anyone have the easylanguage code for this?
> > > Trey
> >
> >
> > I think there is a "PPS" software, but I doubt it can get
> > the whole deal. Check the July Soybean chart attached. How
> > do you code multiple triangles like that? If anyone's done it,
> > I'd love to see it.
> >
> > BW
> >
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Get A Free Psychic Reading! Your Online Answer To Life's Important Questions.
http://us.click.yahoo.com/O10svD/Me7FAA/uetFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|