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The similarity system

  • #1,741
  • Jul 13, 2013 8:06pm Jul 13, 2013 8:06pm
Quoting crottsinabox
I mentioned the other day the light flickering in my head. Well it is now on. A few people kept mentioning studying the charts and that you will see. And sure enough it did. It just sort of clicked and I was like awww yeeaaa! I keep staring at the charts. I feel like a kid during Christmas waiting for the market to open back up. Question on hedging though. Since I use a US broker I am not allowed to hedge. I do have two separate accounts though. Would going opposite directions on the accounts be a way to get around the no hedging regulation for...
You can hedge with some US brokers.
I use FXDD and can hedge.
They do it in a way that complies with the regulations.
I've never seen a reason to hedge. I still don't.
  • #1,742
  • Jul 13, 2013 11:02pm Jul 13, 2013 11:02pm
Thank you EURUSDD & Madmoney, your guys did a great job here, you guys just open my mind, i see $$$$$$$$$$ all the way

have a nice weekend
Never say no to PIPS
  • #1,743
  • Jul 13, 2013 11:23pm Jul 13, 2013 11:23pm
Quoting Ralome
{image}
Hi Ralome,

Very nice and clear explanation. My question is - in this case 1st dissimilarity still pending and eventully PA will come down for similarity. Please correct me if I am wrong.
  • #1,744
  • Jul 13, 2013 11:45pm Jul 13, 2013 11:45pm
Quoting Ralome
Hi everyone, here is StochDifZones v1.2 with two optional extras, which are disabled by default: 1. You can change the bottom dot markers into line markers. 2. You can have markers on the chart where dissimilarity was bigger than X. The settings_are_self_explanatory {image} {file}

still seeing people using dots, you can change to line as the picture showing below, many thx to Ralome for the wonderful indicator
Attached Image
Never say no to PIPS
  • #1,745
  • Jul 14, 2013 1:24am Jul 14, 2013 1:24am
Here is something to work on for he weekend - A new price pattern was discovered. Observe the picture below.

Attached Image (click to enlarge)
Click to Enlarge Name: new forex pattern.gif Size: 50 KB
  • #1,746
  • Jul 14, 2013 1:52am Jul 14, 2013 1:52am
Quoting Eurusdd
{quote} That, my friend, is a very important observation. Ralome's indicator almost makes this so easy now!!!
Dun mind me i just need to put my thoughts somewhere

Hmm I predict price will move higher on eur/usd when markets open till similarity before attacking the black hole:nerd:
I want more brain power!
  • #1,747
  • Jul 14, 2013 2:09am Jul 14, 2013 2:09am
I suggest no body trade this month because July is dangerous a bad month trade. The other dangerous months are October, January, September, April, November, May, March, June, December, August and February.
  • #1,748
  • Jul 14, 2013 2:10am Jul 14, 2013 2:10am
Quoting Bomi
{quote} Hi Ralome, Very nice and clear explanation. My question is - in this case 1st dissimilarity still pending and eventully PA will come down for similarity. Please correct me if I am wrong.
Yes, price is expected to clear all dissimilarities.
Even if you fall on your face, you're still moving forward.
  • #1,749
  • Jul 14, 2013 2:12am Jul 14, 2013 2:12am
Quoting shiva
I suggest no body trade this month because July is dangerous a bad month trade. The other dangerous months are October, January, September, April, November, May, March, June, December, August and February.
someone is bored waiting for markets to open
I want more brain power!
  • #1,750
  • Jul 14, 2013 2:13am Jul 14, 2013 2:13am
Quoting shiva
I suggest no body trade this month because July is dangerous a bad month trade. The other dangerous months are October, January, September, April, November, May, March, June, December, August and February.
Fear not, I've already built in a month checker in the latest version of the indy. For maximum security, it also checks the days. If it's ending in "y", it doesn't display anything.
Even if you fall on your face, you're still moving forward.
  • #1,751
  • Jul 14, 2013 2:28am Jul 14, 2013 2:28am
Quoting Ralome
{quote} Fear not, I've already built in a month checker in the latest version of the indy. For maximum security, it also checks the days. If it's ending in "y", it doesn't display anything.
  • #1,752
  • Jul 14, 2013 2:52am Jul 14, 2013 2:52am
Quoting shiva
Here is something to work on for he weekend - A new price pattern was discovered. Observe the picture below. {image}
LOL! If a saw that on the screen I would just turn of the computer and go to bed. And never start it again.
  • #1,753
  • Jul 14, 2013 2:58am Jul 14, 2013 2:58am
Quoting Ralome
2. You can have markers on the chart where dissimilarity was bigger than X. The settings_are_self_explanatory {image} {file}
I must have missed something here. Why do we look at those zones where dissimilarity is bigger than X?
What do they tell us?
  • #1,754
  • Jul 14, 2013 3:06am Jul 14, 2013 3:06am
Quoting spufuz
{quote} I must have missed something here. Why do we look at those zones where dissimilarity is bigger than X? What do they tell us?
It is not yet been confirmed in the thread, but 'normally' the higher the dissimilarity, the higher the possibility/tendency for the price to align back to similarity. Probably some traders feel more comfortable to only trade at dissimilarity bigger than certain amount. Once again, this is not mentioned by Eurusdd, its merely some idea that you can try to look into it.
  • #1,755
  • Jul 14, 2013 3:19am Jul 14, 2013 3:19am
Quoting wilsonch
{quote} Once again, this is not mentioned by Eurusdd, its merely some idea that you can try to look into it.
Precisely, it was a request by a user.
Even if you fall on your face, you're still moving forward.
  • #1,756
  • Jul 14, 2013 3:42am Jul 14, 2013 3:42am
Ralome

is your "StochDifZones_v1_2.mq4 (http://www.forexfactory.com/attachment.php?attachmentid=1232712)" work for 1m TF too? thx
Never say no to PIPS
  • #1,757
  • Jul 14, 2013 3:45am Jul 14, 2013 3:45am
Ralome,

I hope you don't mind, but I altered the indicator so that the user can select the number of bars to use.

This way it is much faster and does not look for history all the way back to 19......

Just enter the number of bars you want into "barsToProcess"

By default it is set to 1000.....
Attached File(s)
File Type: mq4 StochDifZones_v1_3.mq4   9 KB | 866 downloads
  • #1,758
  • Jul 14, 2013 3:46am Jul 14, 2013 3:46am
Quoting lazyegg
Ralome is your "StochDifZones_v1_2.mq4 (http://www.forexfactory.com/attachment.php?attachmentid=1232712)" work for 1m TF too? thx
Of course, it works on all timeframes, but the default settings are for M15.
Even if you fall on your face, you're still moving forward.
  • #1,759
  • Jul 14, 2013 3:51am Jul 14, 2013 3:51am
Quoting Gvc
Ralome, I hope you don't mind, but I altered the indicator so that the user can select the number of bars to use. This way it is much faster and does not look for history all the way back to 19...... Just enter the number of bars you want into "barsToProcess" By default it is set to 1000..... {file}
I've already included that myself, I just haven't posted it straight away, I'm still working on the other requests too. When I'm done processing the other stuff too, I'll post too
Even if you fall on your face, you're still moving forward.
  • #1,760
  • Jul 14, 2013 4:08am Jul 14, 2013 4:08am
Quoting Ralome
{quote} I've already included that myself, I just haven't posted it straight away, I'm still working on the other requests too. When I'm done processing the other stuff too, I'll post too
Ralome,

I don't know if you are working on this, probably you are. It would be useful to make the indicator mtf. So one could have for each tf a yes/no and it would plot the zones from other tf's on your chart. I expect price would head to the nearest zones or conglomeration of zones.

By having a yes/no, you couyld associate the correct settings for each tf, so where it is 300 for say for 15 min, it would be 75 for 1 hr or 900 for 5 min.

thanks for your fine efforts.
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