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The similarity system

  • #1,941
  • Jul 15, 2013 7:50am Jul 15, 2013 7:50am
Quoting ~bull.bear~
{quote} {quote} The zone more than 1 week actually can be ignored, because the probability is low.

This is true, but I made an elementary mistake on my original statement. Ralome helped me point it out so although Eurusdd's rules hold true, the red zone in question that me and Ralome were discussing was not in fact older than a week, and is still in play
  • #1,942
  • Jul 15, 2013 7:51am Jul 15, 2013 7:51am
Quoting Ralome
{quote} [ignore the other lines] {image}
May you explain the definition of counter? What is the remaining number of 9 7/14 days? Mean 9 days to go?
  • #1,943
  • Jul 15, 2013 7:51am Jul 15, 2013 7:51am
Folks, there dissimilarity in the area i marked on the chart. Price might be heading there to correct it.
1.3074-1.3066
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  • #1,944
  • Jul 15, 2013 7:55am Jul 15, 2013 7:55am
Quoting angelofx
Folks, there dissimilarity in the area i marked on the chart. Price might be heading there to correct it. 1.3074-1.3066 {image}
Ok I will try this again

It appears now that there are 2 zone above and below current price. Before the news spike just now I would have guessed it was going to keep heading down to correct the blue and red zones. I do remember a few of us trying to determine which zones price would go to first. So that is where I am at now. That and nailing the entries
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  • #1,945
  • Jul 15, 2013 7:55am Jul 15, 2013 7:55am
Quoting Forex Lion
{quote} Hi Carl, I understand, but how should I handle my trading, I only have my broker's feed, if my chart is showing a zone should I trade this zone? How do I know if it is a correct zone (where the big players created a dissim)? Thx and regards, Peter
That is a great question. And, I don't think we have an answer about that from Eurusdd. He has said that his "next level" system uses multiple feeds and multiple timeframes. So, we may not get a good answer.

I personally will be "biasing" my CI trades like price is going to go towards the youngest price zone.

Carl
  • #1,946
  • Jul 15, 2013 7:56am Jul 15, 2013 7:56am
Quoting handy148
Thanks Ralome for your fantastic continued work. What worries me is that I'm not showing any red zone at all and I have it at default setting.
This may happen if you have one active zone, in that case, the oldest and youngest zone is the same I chose to mark it as young, so it'll have the respective color. I can change it or add another setting if you/others want it
Even if you fall on your face, you're still moving forward.
  • #1,947
  • Jul 15, 2013 7:58am Jul 15, 2013 7:58am
Quoting ~bull.bear~
{quote} May you explain the definition of counter? What is the remaining number of 9 7/14 days? Mean 9 days to go?
Yes, if you choose "remaining" in the settings, it means X days to go until zone is considered ignored (=zone_lifetime_in_days).
Even if you fall on your face, you're still moving forward.
  • #1,948
  • Jul 15, 2013 8:00am Jul 15, 2013 8:00am
Quoting crottsinabox
{quote} Ok I will try this again It appears now that there are 2 zone above and below current price. Before the news spike just now I would have guessed it was going to keep heading down to correct the blue and red zones. I do remember a few of us trying to determine which zones price would go to first. So that is where I am at now. That and nailing the entries {image}
Hmm, you have two green zones, that seems to be a bug. I'll look into it.
Even if you fall on your face, you're still moving forward.
  • #1,949
  • Jul 15, 2013 8:04am Jul 15, 2013 8:04am
Quoting angelofx
Folks, there dissimilarity in the area i marked on the chart. Price might be heading there to correct it. 1.3074-1.3066 {image}
I think you are right!

EDIT:
Here's the question... what will you do then once the dissim has been closed? Short?
A pip is only worth it if you know how much you risked to earn it
  • #1,950
  • Jul 15, 2013 8:06am Jul 15, 2013 8:06am
Can someone please post a 5M / 15M with the ZZ indicator on current prices (since I dont have that indi on igindex)?
We're looking to verify if the current prices hitting the top of the BB is a "fake".
Many thanks.
A pip is only worth it if you know how much you risked to earn it
  • #1,951
  • Jul 15, 2013 8:08am Jul 15, 2013 8:08am
Quoting vlady1974
{quote} I think you are right! EDIT: Here's the question... what will you do then once the dissim has been closed? Short?
I think dissimilarity is going to end soon after she correct to low again to form W shape.

I would go long to that zone. Should be appearing after the dissim is end.
  • #1,952
  • Jul 15, 2013 8:10am Jul 15, 2013 8:10am
as you can see, price is moving to the newest green zone.

as you can also see on the bottom on the diff indi, there is one dissim after the other...
Maybe to produce significant zones, there should be a minimum dissim (e.g. 0.5 or 1) after a zone will be drawn on the chart??
Maybe after that our zones will be looking more the same, also on different brokers?
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  • #1,953
  • Jul 15, 2013 8:13am Jul 15, 2013 8:13am
Quoting vlady1974
Can someone please post a 5M / 15M with the ZZ indicator on current prices (since I dont have that indi on igindex)? We're looking to verify if the current prices hitting the top of the BB is a "fake". Many thanks.
here you go
Attached Image
  • #1,954
  • Jul 15, 2013 8:14am Jul 15, 2013 8:14am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting vlady1974
Can someone please post a 5M / 15M with the ZZ indicator on current prices (since I dont have that indi on igindex)? We're looking to verify if the current prices hitting the top of the BB is a "fake". Many thanks.
Here is the 15M
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An expert is a man who has made all the mistakes which can be made
  • #1,955
  • Jul 15, 2013 8:14am Jul 15, 2013 8:14am
Quoting ~bull.bear~
{quote} I think dissimilarity is going to end soon after she correct to low again to form W shape. I would go long to that zone. Should be appearing after the dissim is end.
This is the part I get confused. I had a position going short heading towards 1.2930 (the blue box in my attached chart from earlier), So if a new zone forms above, and price wants to correct that first, should I just hang on for the time being and wait for the price to come back down and correct the blue zone.

I have a US broker so I have to use FIFO rules and no hedging
  • #1,956
  • Jul 15, 2013 8:15am Jul 15, 2013 8:15am
Time to go short. Price has tested back the 45% of the Fibo I marked in my recent post. Entered short.
  • #1,957
  • Jul 15, 2013 8:16am Jul 15, 2013 8:16am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Forex Lion
as you can see, price is moving to the newest green zone. as you can also see on the bottom on the diff indi, there is one dissim after the other... Maybe to produce significant zones, there should be a minimum dissim (e.g. 0.5 or 1) after a zone will be drawn on the chart?? Maybe after that our zones will be looking more the same, also on different brokers? {image}
My Broker is FxPro and I do not see that zone. I only see the ones below the current price.

Regards

Neio

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An expert is a man who has made all the mistakes which can be made
  • #1,958
  • Jul 15, 2013 8:19am Jul 15, 2013 8:19am
Oh there IS an alert for zone start
I want more brain power!
  • #1,959
  • Jul 15, 2013 8:19am Jul 15, 2013 8:19am
Quoting Ralome
Sooo, here's the new version of the StochDifZones indicator, including: 1. Bugfixes (rare, but nasty occurrences) 2. A bit of speed improvement 3. New functions: i. you can limit how many bars are processedii. you can specify zone lifetime (default is 14 days, see this (http://www.forexfactory.com/showthread.php?p=6818339#post6818339) post for explanation)iii. old/cleared zones can be grayed out / removediv. you can add counters after the zones (elapsed: time since zone start; remaining: remaining time until zone expires (see point ii))v....
Thanks Ralome you are the best.
  • #1,960
  • Jul 15, 2013 8:19am Jul 15, 2013 8:19am
Quoting Ralome
{quote} Yes, if you choose "remaining" in the settings, it means X days to go until zone is considered ignored (=zone_lifetime_in_days).
Thank you.
But i think the counter also include weekend, because my data start on Sun. But not a big problem for that.

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