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The similarity system

  • #181
  • Jul 1, 2013 4:08pm Jul 1, 2013 4:08pm
Quoting Eurusdd
My explorer is not working cause my demo account just went offline. i cannot connect to the broker anymore. So, I had to stop trading!!! Maybe I will have to open a new one if I can't get this to work!! {image}
I am using your strategy, utilizing the stochastics indicator, with great success.

However, it is a little hard to read my stochastics as they look different, but still slightly similar on the M15 and M30.

Can you recommend me exact settings for both of these TFs so that they look the same? I don't know what to use, including the integer for X.

Also, where do you recommend we put our SL?
  • #182
  • Jul 1, 2013 7:44pm Jul 1, 2013 7:44pm
I cannot connect to my account:
Technical problem. Can't post explorer. Sorry!
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  • #183
  • Jul 1, 2013 11:41pm Jul 1, 2013 11:41pm
Hi Eurusdd,
thanks I appreciate the efforts on what looks to me to be brilliant thinking. I like what you're doing here because it is not static box type and would be very hard to water down by the masses.

So from my charts below I would assume to be looking for EU to most likely continue up from here unless I'm missing something of course.

Thanks,
TJ
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Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #184
  • Edited 3:58am Jul 2, 2013 3:28am | Edited 3:58am
Those interested in the STOCH-bollinger system should not wait for a difference to occur in order to trigger a trade. You can trade the similarities you see. Note that the 1EMA and the stoch lines should 95% of the time take the same shape. So, you can trade expecting that they will end up the same with money-management of course!
For example EURUSD just dropped, why???
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Chill!!!!
  • #185
  • Jul 2, 2013 3:51am Jul 2, 2013 3:51am
EURUSD can shoot up this month. A case in point is on this monthly chart! The sections circled are important. WATCH THE WAY THEY DEVELOP.
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  • #186
  • Jul 2, 2013 3:57am Jul 2, 2013 3:57am
hOWEVER SINCE stoch must follow price and we expect similarity in the future, the stoch may be forced to drop to meet price just like the case above!!!! TRADE WITH PURPOSE!!!
  • #187
  • Jul 2, 2013 4:03am Jul 2, 2013 4:03am
LOOK FOR stoch to follow price hence be able to make trades like this one!!!
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  • #188
  • Jul 2, 2013 4:04am Jul 2, 2013 4:04am
i just closed my sell. Enough
  • #189
  • Jul 2, 2013 4:28am Jul 2, 2013 4:28am
Can you tell us what settings to set bollinger bands and stochs for 15 and 30 min charts?
  • #190
  • Jul 2, 2013 4:31am Jul 2, 2013 4:31am
Quoting Eurusdd
Those interested in the STOCH-bollinger system should not wait for a difference to occur in order to trigger a trade. You can trade the similarities you see. Note that the 1EMA and the stoch lines should 95% of the time take the same shape. So, you can trade expecting that they will end up the same with money-management of course! For example EURUSD just dropped, why???{image} Chill!!!!
Hi Eurusdd,

What is the time frame , bollinger band and stoch settings for this chart?

thanks
  • #191
  • Jul 2, 2013 4:38am Jul 2, 2013 4:38am
Quoting Tok
Can you tell us what settings to set bollinger bands and stochs for 15 and 30 min charts?
TEMPLATE for 15min chart. Optimized. Similarity-probability is 97.6578% So, <3% of the time will 1EMA and Stoch look different. That is GOOD!!!!!
Attached File(s)
File Type: tpl gggggggggg.tpl   82 KB | 4,459 downloads


aLWAYS remember that price LEADSSSSSSSSS!

So like the case below; YOU SELLLLLL!!!!
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  • #192
  • Jul 2, 2013 4:43am Jul 2, 2013 4:43am
Quoting Eurusdd
{quote} TEMPLATE for 15min chart. Optimized. Similarity-probability is 97.6578% So, <3% of the time will 1EMA and Stoch look different. That is GOOD!!!!! {file} aLWAYS remember that price LEADSSSSSSSSS! So like the case below; YOU SELLLLLL!!!!{image}
Thank you very much.

So we enter the trade, once stochs AND bollinger bands show similarity? In this case, we don't worry about differences? I am confused.
  • #193
  • Edited 5:00am Jul 2, 2013 4:47am | Edited 5:00am
Quoting Tok
{quote} Thank you very much. So we enter the trade, once stochs AND bollinger bands show similarity? In this case, we don't worry about differences? I am confused.
There are two ways to trade under the similarity-umbrella. You can wait for the lines to disagree and then MARK the price for a return! But that does not happen often so you will not have many trades a day!!!
The other way: Since the lines will look exactly the same >97% of the time, TRADE WITH THAT EXPECTATION!!!! When the stoch is ahead of or behind the main price - Place your trade expecting stoch to agree with price eventually. You will get many trades that way. Money-management of course. I can get 100 wins in a role that way!!!
  • #194
  • Jul 2, 2013 4:51am Jul 2, 2013 4:51am
Quoting Eurusdd
{quote} There are two ways to trade under the similarity-umbrella. You can wait for the lines to disagree and then MARK the price for a return! But that does not happen often so you will not many trades a day!!! The other way: Since the lines will look exactly the same >97% of the times, TRADE WITH THAT EXPECTATION!!!! When the stoch is ahead of or behind the main price - Place your trade expecting stoch to agree with price eventually. You will get many trades that way. Money-management of course. I can get 100 wins in a role that way!!!
So we need both 15 min AND 30 min charts open, correct?

If so, can you please make an optimized template for 30 min chart too? thank you.
  • #195
  • Jul 2, 2013 4:59am Jul 2, 2013 4:59am
Quoting Tok
{quote} So we need both 15 min AND 30 min charts open, correct? If so, can you please make an optimized template for 30 min chart too? thank you.
NO, YOU NEED JUST ONE CHART!!!! you are watching the TWO RED line in the chart and how they react the the bollinger-bands
  • #196
  • Jul 2, 2013 5:02am Jul 2, 2013 5:02am
Quoting Eurusdd
{quote} NO, YOU NEED JUST ONE CHART!!!! you are watching the TWO RED line in the chart and how they react the the bollinger-bands
I see.

I understand that we are looking for similarities in the stochs, but what are we looking for in the bollinger bands? similarity compared to the direction of the stochs?
  • #197
  • Jul 2, 2013 5:13am Jul 2, 2013 5:13am
Quoting Tok
{quote} I see. I understand that we are looking for similarities in the stochs, but what are we looking for in the bollinger bands? similarity compared to the direction of the stochs?
I don't know but I think you are mixing the three methods I presented here.
The 15 min template i gave you is for the stoch-bollinger-band method. You need only one chart in this case. The shape of the stoch(below) and the 1EMA (above) will be the same 97% of the time. They are expected to react to the bands in a similar fashion. When stoch lags or leads price,you have a chance for a trade. Also since the band below is tighter than the one above,you can use the stoch to guage resistance/support for price.

The other way is the MARKED-PRICE approach. doesnot happen often.
The first approach is responsible for this trade - sell of eurusd recently.
Attachment
  • #198
  • Jul 2, 2013 5:19am Jul 2, 2013 5:19am
Quoting Eurusdd
{quote} I don't know but I think you are mixing the three methods I presented here. The 15 min template i gave you is for the stoch-bollinger-band method. You need only one chart in this case. The shape of the stoch(below) and the 1EMA (above) will be the same 97% of the time. They are expected to react to the bands in a similar fashion. When stoch lags or leads price,you have a chance for a trade. Also since the band below is tighter than the one above,you can use the stoch to guage resistance/support for price. The other way is the MARKED-PRICE...
I see.


Can you continue posting more examples please? So we can get a good understanding.
  • #199
  • Jul 2, 2013 6:05am Jul 2, 2013 6:05am
Eurusdd , the Stochastic do not show on the 15 min template, because it is a custom indicator. The Meta "Stochastic Oscillator" setting for %K Period =300,%D Period =1, Slowing = 1, Price Field high/Low and method Simple
  • #200
  • Edited 6:53am Jul 2, 2013 6:12am | Edited 6:53am
The stoch-bollinger band method seems very inaccurate, compared to the stochastic difference method, which is much more accurate.

Or I'm just doing it wrong...

We need more pics/explanation to do this properly.
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