So ....going back to what everyone is used to seeing (BB/Stoch)
See where this needs to go ?
See where this needs to go ?
Similarity Trading - The ZZBB Method 215 replies
Rainbow similarity 256 replies
Help implementing zigzag similarity concept indicator 0 replies
Similarity Stuff 17 replies
Directional Similarity 0 replies
DislikedOn a day like this (when NFP is on), the concepts that we've struggled with for just over 7-14 days (started looking at this 15th July I think) has turned a $5,000 demo account into $17,600. There is something in this guys. It's not perfect by any means - and I would say it's a manually triggered method, but gosh when you get into the rhythm of the signals, it can be quite rewarding.... don't give up! Keep up the brilliant work, ideas and suggestions!Ignored
Disliked{quote} Thank you.....now if someone smarter than me can explain the DS thing (birthed and unbirthed as vlady has pointed out), we might be able to link the two concepts together.Ignored
Disliked{quote} Thank you.....now if someone smarter than me can explain the DS thing (birthed and unbirthed as vlady has pointed out), we might be able to link the two concepts together.Ignored
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Disliked{quote} Just to you know Juhanimi, I thoroughly enjoy your posts.. To anyone who is still trying to adapt the similarity principle (though I guess most people are settled at this point); perhaps I could offer a thought on using the concept, what would you do if you knew the approximate location of every top and bottom on your chart...think as laterally as you can..Ignored
Disliked{quote} I don't think we have a definitive answer Almo. It's more like mixed ideas and implementations. But the general principle is this: Self Similarity Normal Market conditions = trend. This means the price of EURUSD is the same across all timeframes because all participants see the price and agree to buy/sell at that price. Subsequently all activity is at equilibrium, whether or not you are a 1M scalper or 1MONTH position trader. The key concept here that we as MT4 chartists are concerned with is that if PRICE = PRICE, then we can substitute...Ignored
DislikedOn a day like this (when NFP is on), the concepts that we've struggled with for just over 7-14 days (started looking at this 15th July I think) has turned a $5,000 demo account into $17,600. There is something in this guys. It's not perfect by any means - and I would say it's a manually triggered method, but gosh when you get into the rhythm of the signals, it can be quite rewarding.... don't give up! Keep up the brilliant work, ideas and suggestions!Ignored
Disliked{quote} Wow Vlady - there is a lot of meat on this post. It will take me some time to marinate on this one. Thank you for this response!Ignored
Disliked{quote} It's not as simple as to expect that price will just go through it. What we have learned many times is that the first reaction is like a shy girl..... you'll be rejected and rebuffed, but you'll still be attracted to her until she let's you in. Apologies for the crude analogy but I hope it paints the pictureIgnored
Disliked{quote} Exactly! We have seen this happen many times. That is why I was skeptic when it was discussed if the right thing to do was to put a pending order at one side and an T/P at the other of a zone. - Its simply not certain that the zone will be taken out just because price enters it! It also acts as S/R. In this case, dis-sim started and trend changed, went up and found that green zone as resistance! But now what?! Will that zone act as resistance until we get similarity again and another dis-sim starts to take that zone out finally!?Ignored
~Therefore, I rely pretty much on the STOCHBB method because the ZZTOP/BOT trigger is synchronised to the 24 period of the Bollinger.
Remember that if you are using Ralome's indicator:
300 bars are compared. If a dissimilarity value is detected, the zone will be marked and will continue to be marked until after 24 bars when there isn't a dissimilarity.
I actually did a count randomly one day... can't remember which timeframe.... but it was roughly 26 bars before the next ZZ swing occured. Then I counted again and it was 25. So it was in sync timing-wise. AND OF COURSE IT WILL REPAINT..... so hence if you knew where the BIG ZONES were in advance and you entered at the furthest position away from them.... then when price returns to the zone.... you can exit at first touch! If price hovers around, you could choose to trade into the zone and TP the zone's other extreme price.
As long as you know where you are in relation to the ZONE.... that's where your trade is.... the gap!
Disliked{quote} Here's a simpler analogy. Imagine you are a passenger in a car (EURUSD) travelling at 60 km/hr. All of a sudden the driver (Big Players) accelerate to Formula 1 speed @ 120km/hr What happens to you if you're drinking a can of coke? You physically get jolted backwards and won't be able to move until YOU AND THE CAR are at equilibrium. If the car stops going fast, you will feel the momentum change. You are not the car, but you are inside the car and are therefore travelling at the same speed even though inside you are cooly drinking a can...Ignored
DislikedOkay... 1M shows DS ended. I've been shorting this everytime it's painted a new ZZTOP on the 1M. Positions underwater. But on 5M, ZZTOP has just formed and the bollinger bands are near horizontal.... therefore a ZZBOT must be a vertical drop.. let's see The 5M also has us inside the zone for the first time. Could be more resistence. On the 15M, ZZTOP formed... so more shorts. Let's see.Ignored
Disliked{quote} I'm trading the other side I can see why you would be shorting if you were out from the NFP news....but I can't let go of this long while its continuing to go up. {image}Ignored
Disliked{quote} Is it real money? I don't have the same levels as you. I have 1.3336 as the top of that box. Anyway, not important. You're in the green. If she was to go down on the 5M... she would drop to your entry price. I'd take the money now. You won. You didn't lose. You don't need it to get to that zone end to be a winner.Ignored