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The similarity system

  • #901
  • Jul 9, 2013 1:50pm Jul 9, 2013 1:50pm
With regard to the stochastic value indicator part of Eurusdd's system, it can be a bit mind boggling to be watching the figures for hours waiting for a discrepancy in the values to appear..( I was watching 15 min/ 1 hr ). It would be fantastic to have an alert that would sound once they went out of synch...any ideas on that one?

T
  • #902
  • Jul 9, 2013 2:21pm Jul 9, 2013 2:21pm
Let's see how this one works out. moved take profit on this trade up to .7623, consider this trade counter to trend.

Previous gold trade worked out beautifully, took profit at 1243.
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  • #903
  • Jul 9, 2013 2:28pm Jul 9, 2013 2:28pm
Ok I am going to take a crack at this here on the 15M EUR/USD chart

Am I right in thinking the price will drop some since the the EMA pierced the bottom band with no new ZZ?

Also, since this is dissimilarity, am I right to think the price will come back to this point later on once the similarity has been established?
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  • #904
  • Jul 9, 2013 2:38pm Jul 9, 2013 2:38pm
Quoting oconnor365
With regard to the stochastic value indicator part of Eurusdd's system, it can be a bit mind boggling to be watching the figures for hours waiting for a discrepancy in the values to appear..( I was watching 15 min/ 1 hr ). It would be fantastic to have an alert that would sound once they went out of synch...any ideas on that one? T

It's very easy to write. However, most of the time the price retraces to the marked level almost immediately. It would be more useful to get an alert when the current price moves for some distance away from that level.
  • #905
  • Jul 9, 2013 2:53pm Jul 9, 2013 2:53pm
Quoting crottsinabox
Ok I am going to take a crack at this here on the 15M EUR/USD chart Am I right in thinking the price will drop some since the the EMA pierced the bottom band with no new ZZ? Also, since this is dissimilarity, am I right to think the price will come back to this point later on once the similarity has been established? {image}
I am looking at the same because i am a suspicious. Money is hard to earn ! Don't like demo, prefer going live with 0.01 and increase with confidence.

Let's see if it will continue to diverge, event at that late time.

If it works it can be a good filter to any other strategy: if you know roughly where the price will go (dissimilarity) you can probably avoid bad trades.
  • #906
  • Jul 9, 2013 2:56pm Jul 9, 2013 2:56pm
The price is making a light converging triangle. Let's see what will happen then. Is it reliable during asian session ?
  • #907
  • Jul 9, 2013 3:13pm Jul 9, 2013 3:13pm
I see a dissimilarity a little bit earlier than crottsinabox (http://www.forexfactory.com/crottsinabox)

Wainting for the future but volatility is low now.
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  • #908
  • Jul 9, 2013 3:15pm Jul 9, 2013 3:15pm
Quoting Barbossa
{quote} It's very easy to write. However, most of the time the price retraces to the marked level almost immediately. It would be more useful to get an alert when the current price moves for some distance away from that level.
Watching it the other day ,when it went out of sync it took about an hour to get the values back in sync and I traded it back...At least if we could pinpoint the exact point that they diverted with an alert ( or somehow to mark it )... I believe it could be very helpful...
  • #909
  • Jul 9, 2013 3:21pm Jul 9, 2013 3:21pm
Quoting oconnor365
{quote} Watching it the other day ,when it went out of sync it took about an hour to get the values back in sync and I traded it back...At least if we could pinpoint the exact point that they diverted with an alert ( or somehow to mark it )... I believe it could be very helpful...

There are occasions like that, yes. But in the most occasions when the readings get desynced, the price reaches the same level on the next bar or so. I used arrows/lines on the chart to track it, will post it tomorrow if you want.
  • #910
  • Jul 9, 2013 3:57pm Jul 9, 2013 3:57pm
Quoting Barbossa
{quote} There are occasions like that, yes. But in the most occasions when the readings get desynced, the price reaches the same level on the next bar or so. I used arrows/lines on the chart to track it, will post it tomorrow if you want.
I may be wrong Barbosa...although the next candle or candles retraced , the actual stoch value remained out of synch for a while...and from my interpretation of what Eurusdd said it was when the values returned back into synch we traded it back to that exact point..( if of course its worthwhile and has moved sufficiently away)..AS I may be wrong but that's not unusual...lol
  • #911
  • Jul 9, 2013 4:28pm Jul 9, 2013 4:28pm
Ok I would consider market back in similarity at this point, BB and Stoch look the same on 15 min chart. no entry yet for me though.
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  • #912
  • Jul 9, 2013 4:43pm Jul 9, 2013 4:43pm
I have been sort of quietly browsing on this thread and I have read it at least twice (ok I skipped the parts where people argue with one another ). I have not been able to fully grasp the idea since we jumped from concept to concept. First we trade dissimilarities and then we went as far as saying "if you have 2 lines that are the same 97% of the time, why trade them when they are not the same). So all of it is a little confusing. Please correct me if I am wrong but wouldn't this be the same as trading, for example, when RSI is over 50% and a regular stoch is trending upwards? Does that not happen most of the time and yet is not always accurate? So in this case, trading two lines that are similar most of the time..

- If we have similarity, what is to say wether it will go up or down? If you use some other system to determine that, then what is the point of this?

- If we don't have similarity, then what is to say which of the two lines is to catch up with the other? I admit that all in all, trading back to the point where dissimilarity happened first seems to be the only take away idea from this and the only one that makes sense to me.

There is no arguing that the explorer that was attached to this thread had some impressive numbers. Way too impressive if you ask me. Did anybody stopped to think that at the rate it was going it could have hit a $1 trillion in about 45 trading days? that is insane!

Don't hate! I am presenting a honest and respectful argument. I am an engineer by trade and my work revolves around making my case and have someone else shut it down (if they can) with a stronger counter case.

So, with that said and considering all of the above, someone please pull my head out of my ass because I am about to run out of oxygen.

Cheers!
Please pull my head out of my ass, I am running out of oxygen...
  • #913
  • Jul 9, 2013 5:17pm Jul 9, 2013 5:17pm
Quoting Eurusdd
Hello People: I don't know if I can call this a system but there is a deep-mathematical support for what you are about to read. I will not 'bore' you will a lot of things you already know and initially I opened a demo-account for the EXPLORER section but I may not have the time to trade it daily at this time. Therefore, I waNT all of you to have a basic idea of the principle underlying this thread. The demo-account(EXPLORER) EURUSDpips that I opened grew from $3,000 to $21,302 within 5 days before I closed it today! I also traded heavy lots (8 lots)...
FOR PIPTHIEF

I don't know if I can call this a system but there is a deep-mathematical support for what you are about to read.

The are many parts to my trading strategy, however there is one part that everyone can test and master. The SIMILARITY-TRICK! There are two ways to apply/use the trick. 1: Across brokers, same time-frame, same currency pair 2: same broker, same currency pair, compatible time frames. Best Compatible time-frames are 1: 1min-5min, 5min-15min, 15min-30min, 30min-1hr, 1hr-4hr, 4hr-1day, 1day-1week. For day-traders, 1min-5min, 5min-15min, 15min-30min, 30min-1hr will be sufficient! Once you have chosen your currency pair, and compatible time-frames you need to chosen indicators that alert you on important patterns on the chart.

​Since the indicators are set in such a way that they should agree >90% of the time, as soon as you spot a difference, like the case below, you are in for a high-probability trade!

IMPORTANT: The charts MUST always agree before a new trend (minor/major) begins. Therefore, if they do not agree after a certain time, the trend is expected to continue!!!

Your second point is correct. you might also want to check out EURUSDD's other thread here: http://www.forexfactory.com/showthread.php?t=435149
  • #914
  • Jul 9, 2013 6:16pm Jul 9, 2013 6:16pm
Thanks for your reply.I understand what he pointed out on his first few posts, however, where most of my confusion relies is on the purpose of what he presented. I understand that this can simply be a complement to your current trading strategy and not a system in and on itself. Without resting merit to his findings, how much more valuable is it than a plain old moving average? And much more so in contrast with the trade explorer that he had going. In another note, I do agree that he is in his whole right to share only what he intends to share, but in that case there is no wrong on presenting a concept and back it up with math or a couple of trading examples (as those presented where price corrects itself) but it is very obvious that his actual trading style was a pretty far cry from what he actually released to the forum.
Please pull my head out of my ass, I am running out of oxygen...
  • #915
  • Jul 9, 2013 6:48pm Jul 9, 2013 6:48pm
hi is anyone know why the Explorer does not show up any more in this thread.
  • #916
  • Jul 9, 2013 6:57pm Jul 9, 2013 6:57pm
Quoting forexzak
hi is anyone know why the Explorer does not show up any more in this thread.

Eurusdd shut it down. He mentioned it in one of his posts.
  • #917
  • Jul 9, 2013 7:18pm Jul 9, 2013 7:18pm
@ Baillie. I did read the entire other thread about how to use indicators. I am again at odds with interpreting what is being said there.

So, the last time stoch is at 0/100 before going to 100/0 is the end of the current ZZ leg!!!


How would you know when the price has finally touched 0/100 for the last time?
Please pull my head out of my ass, I am running out of oxygen...
  • #918
  • Jul 9, 2013 7:24pm Jul 9, 2013 7:24pm
The master has left this thread and took down the trade explorer. He will come back in September.

So is this thread dead? Or someone here would continue to post the setup?

I have noticed one of the follower here, open another thread to log his trade about this system. Guys, please check it here. I think master should take a rest because of earning too much of money. Lol....

http://www.forexfactory.com/showthread.php?t=436271
  • #919
  • Jul 9, 2013 7:46pm Jul 9, 2013 7:46pm
Quoting ~bull.bear~
The master has left this thread and took down the trade explorer. He will come back in September. Lol.... http://www.forexfactory.com/showthread.php?t=436271
SO.... apparently, you can bank 27 pips and make +41.4% of your account
Of course that can be done.............. CONSISTENTLY is another matter.

But.... if you need to wait for your "master".... good luck with that.

all the best
When the Joker is in the deck.. fear not and play it well
  • #920
  • Jul 9, 2013 8:02pm Jul 9, 2013 8:02pm
Quoting Slim Buffett
{quote} SO.... apparently, you can bank 27 pips and make +41.4% of your account Of course that can be done.............. CONSISTENTLY is another matter
You sincerely think 67 trades is not consistent..
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