> 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 [email protected], "wavemechanic" <[EMAIL PROTECTED]> 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" <[EMAIL PROTECTED]> > To: <[email protected]> > 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 [email protected], "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: [email protected] > >> 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 [email protected], "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:[EMAIL PROTECTED] > >> > >> > mailto:[EMAIL PROTECTED] > >> > >> > >> > >> > >> > [EMAIL PROTECTED] > >> > >> > >> > >> > >> > 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 > > > > >
