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The similarity system

  • #201
  • Edited 8:34am Jul 2, 2013 7:22am | Edited 8:34am
Eurusdd? Care to explain more?

Stochs is leading price, and is on top of middle bolinger band. I place a buy, and price still goes down through the bollinger band ? ? ? ?

Stochs was leading price. I thought price is supposed to lead stochs?
  • #202
  • Jul 2, 2013 8:32am Jul 2, 2013 8:32am
Hi Eurusdd....excellent thread..
In your experience will there usually be a change in stoch values if a direction change is about to happen?

T
  • #203
  • Jul 2, 2013 10:09am Jul 2, 2013 10:09am
Quoting FibFork
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
Method -= exponential.
  • #204
  • Jul 2, 2013 10:19am Jul 2, 2013 10:19am
Quoting Tok
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.
There are reasons people fail a lot in forex-trading.

1: The market is not mechanical. You see X-Y-Z-Q today and X-Y-Z tomorrow means Q must follow.
2: They use setups - templates - indicators without first checking the instructions, settings or principle behind .....
3: Poor money-management.

You are almost guilty of 2.

The price field template setting for the stoch is CLOSE - I guess. Therefore, you can only make your decision after the bar has closed. That is the only time you can compare the two lines and know exactly what to do!!!
You cannot do that while the bar is still alive! during the life of a bar - stoch may lead price and then lose the lead. The state of the lines after the bar closes is final!

I have given you a great setup, I will not get into the details again. Study it yourself and adapt to it the way you want or move on!!!!
----- As far as I know, it is magic and I have results to prove that. 100+ consecutive wins!!!!
  • #205
  • Jul 2, 2013 10:24am Jul 2, 2013 10:24am
You don't even have to pay attention to the individual bars. Just look at the lines generally and if you see difference, work out where (up/down) the two will have to go to meet again! It is quite easy!!!
  • #206
  • Jul 2, 2013 10:25am Jul 2, 2013 10:25am
Quoting Eurusdd
{quote} There are reasons people fail a lot in forex-trading. 1: The market is not mechanical. You see X-Y-Z-Q today and X-Y-Z tomorrow means Q must follow. 2: They use setups - templates - indicators without first checking the instructions, settings or principle behind ..... 3: Poor money-management. You are almost guilty of 2. The price field template setting for the stoch is CLOSE - I guess. Therefore, you can only make your decision after the bar has closed. That is the only time you can compare the two lines and know exactly what to do!!! You...
Attached Image (click to enlarge)
Click to Enlarge Name: sell.png Size: 33 KB



This is a sell trigger?
  • #207
  • Jul 2, 2013 10:30am Jul 2, 2013 10:30am
Would there be more frequent trades on a 5 minute chart?
  • #208
  • Jul 2, 2013 10:38am Jul 2, 2013 10:38am
Quoting Tok
{quote} {image} This is a sell trigger?
I don't know what Eurusdd will say but I just made a sell here (I was also in this setup in my monitor). With a lot of tests and practice I'm trying to "open" my eyes.
  • #209
  • Jul 2, 2013 10:47am Jul 2, 2013 10:47am
Is this a trade??
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm5.png Size: 86 KB
  • #210
  • Jul 2, 2013 10:55am Jul 2, 2013 10:55am
How about these?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: usdcadm5.png Size: 86 KB
Click to Enlarge Name: usdjpym5.png Size: 81 KB
  • #211
  • Jul 2, 2013 11:04am Jul 2, 2013 11:04am
Quoting Madmoney
How about these? {image} {image} {image}

COrrect me if i'm wrong, but wouldn't some of these trades have FAILED using this method? Price did not lead stochs; It was the other way around.
  • #212
  • Jul 2, 2013 11:10am Jul 2, 2013 11:10am
Hi Eurusdd,

Thanks a lot for sharing this very interesting idea!
I'm trying hard to figure it out.

@Madmoney: as far as I know, Eurusdd has not share any Stochastic-Bolliger template for 5M. So how you have it on 5M chart here?
  • #213
  • Jul 2, 2013 11:11am Jul 2, 2013 11:11am
@MADMONEY. How you manage to find that many set-ups. This system seems like fishing in high temperatures, but it's worth it when you find one cause it seems you're most likely going to make money. You're basically waiting on the stoch to 'goof', thus showing you the way.
  • #214
  • Jul 2, 2013 11:25am Jul 2, 2013 11:25am
Quoting xixi
Hi Eurusdd, Thanks a lot for sharing this very interesting idea! I'm trying hard to figure it out. @Madmoney: as far as I know, Eurusdd has not share any Stochastic-Bolliger template for 5M. So how you have it on 5M chart here?
I just applied the template a 15M chart and then just changed the TF
  • #215
  • Jul 2, 2013 11:28am Jul 2, 2013 11:28am
Quoting angelofx
@MADMONEY. How you manage to find that many set-ups. This system seems like fishing in high temperatures, but it's worth it when you find one cause it seems you're most likely going to make money. You're basically waiting on the stoch to 'goof', thus showing you the way.
Well my rationale behind the bollinger-stoch method is that you will probably find more setups on a smaller TF (Eurusdd please correct me if I'm wrong), but smaller wins.
  • #216
  • Jul 2, 2013 11:28am Jul 2, 2013 11:28am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm15.png Size: 46 KB


Here, stoch penetrated the middle bband and has to play catch up because price didn't penetrate the middle band of the bband on the main window.
  • #217
  • Jul 2, 2013 11:34am Jul 2, 2013 11:34am
There are plenty of 15 min opportunities open at the moment.

None of them follow the rules of this 'strategy' he has proposed.

He claims he gets 100 trades in a row. I'm guessing most of them are losses.
  • #218
  • Jul 2, 2013 11:34am Jul 2, 2013 11:34am
another set-up on gbpusd....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm15 2.png Size: 38 KB
  • #219
  • Jul 2, 2013 11:35am Jul 2, 2013 11:35am
Quoting Madmoney
{quote} Well my rationale behind the bollinger-stoch method is that you will probably find more setups on a smaller TF (Eurusdd please correct me if I'm wrong), but smaller wins.
Yes, but... what about Stoch parameters? Eurusdd I think gave the right settings for 15min in order to have <3% diff.
  • #220
  • Jul 2, 2013 11:35am Jul 2, 2013 11:35am
Quoting Tok
There are plenty of 15 min opportunities open at the moment. None of them follow the rules of this 'strategy' he has proposed. He claims he gets 100 trades in a row. I'm guessing most of them are losses.
...or you don't understand the system.
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