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The similarity system

  • #2,321
  • Jul 16, 2013 5:18am Jul 16, 2013 5:18am
Quoting shiva
How many remember one of the older tips? If a leg of zigzag appears and EMA1 has not pierced the BB ...... notice the circles. Now what does the latest leg say? {image}
Shiva, I'm mindful of ZZ reprinting when prices change. I think we will hit 3112 at least. It would be great to get 3125. If so... can you post a chart with the EMA and let's see if that baby touches the BB.... that could be a good signal for a confirmed short using SM/DS Method.
A pip is only worth it if you know how much you risked to earn it
  • #2,322
  • Jul 16, 2013 5:22am Jul 16, 2013 5:22am
3112 almost done.... come on!
A pip is only worth it if you know how much you risked to earn it
  • #2,323
  • Jul 16, 2013 5:23am Jul 16, 2013 5:23am
Quoting vlady1974
{quote} Shiva, I'm mindful of ZZ reprinting when prices change. I think we will hit 3112 at least. It would be great to get 3125. If so... can you post a chart with the EMA and let's see if that baby touches the BB.... that could be a good signal for a confirmed short using SM/DS Method.
Why 1.3125?
  • #2,324
  • Jul 16, 2013 5:24am Jul 16, 2013 5:24am
so you get price in the oscillator in this way, and trading similarity, looks good
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  • #2,325
  • Jul 16, 2013 5:24am Jul 16, 2013 5:24am
Quoting normtold
If you zoom right out on E/U M15 you can see that there are more zones above from 20/21 June, 17 trading days ago. So it could take those out first but having read there is a 97% chance of taking out a zone within 75 days, mean 15 days, modes 1,2,4,6,8, anything older than 2 weeks is considered dead, I assume we can forget about the ones above around 3231-3404? {image}
I posted this yesterday. Probably not worthy of a response but the above zones although older are about equidistant to the newer ones below.
  • #2,326
  • Jul 16, 2013 5:25am Jul 16, 2013 5:25am
There is R1 just around current price level, I expect her to stall a bit, or even retrace.
It's fantastic how many conclusions we can draw from looking at similar, but still somehow different things, and at the end all of us will be right somehow.
This is the magic of forex.
  • #2,327
  • Jul 16, 2013 5:25am Jul 16, 2013 5:25am
Quoting vlady1974
{quote} Shiva, I'm mindful of ZZ reprinting when prices change. I think we will hit 3112 at least. It would be great to get 3125. If so... can you post a chart with the EMA and let's see if that baby touches the BB.... that could be a good signal for a confirmed short using SM/DS Method.

1.3125 would create another spike in dissimilarity. I would guess the price is going to stay below it.
  • #2,328
  • Jul 16, 2013 5:28am Jul 16, 2013 5:28am
yes
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  • #2,329
  • Jul 16, 2013 5:29am Jul 16, 2013 5:29am
Quoting shiva
{quote} Why 1.3125?
One of the other minor swing highs. 3122 to be exact. And not that long ago - 15 days range right?
And an overshoot can be a great bear sign.
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A pip is only worth it if you know how much you risked to earn it
  • #2,330
  • Jul 16, 2013 5:35am Jul 16, 2013 5:35am
if you see things like this, you just have to take it

oversold area, and stoch goes under the lower bb band, extremly oversold or what?
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  • #2,331
  • Jul 16, 2013 5:40am Jul 16, 2013 5:40am
If price keeps going up the current long lasting dis-similarity will end and a new zone will print.
  • #2,332
  • Jul 16, 2013 5:44am Jul 16, 2013 5:44am
here is eu-m5, it is in overbought area
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  • #2,333
  • Jul 16, 2013 5:45am Jul 16, 2013 5:45am
Quoting normtold
{quote} I posted this yesterday. Probably not worthy of a response but the above zones although older are about equidistant to the newer ones below.
From a non-Similarity frame of mind, I wouldn't discount them. It just means ignoring them when using the SM Principle. Kind of like not worrying about RSI when you're analysing Bollinger Bands or worrying about EMAs when looking at Pivot Points.

However, I think when you combine the principle... without relying on the indicator to tell you a diff/sim occurred... then I think you can expand it to higher timeframes. Let's not through the baby out with the bathwater ----- LONGER TIMEFRAMES ARE MORE POWERFUL THAN SMALLER TIMEFRAMES WHEN SPECIFIC POINTS ARE MAPPED ON THOSE HIGHER TIMEFRAMES.

Those 32XX and 34XX prices look like targets price could definitely reach. These zones can potentially let us know further upstream if we are headed that way.
A pip is only worth it if you know how much you risked to earn it
  • #2,334
  • Jul 16, 2013 5:45am Jul 16, 2013 5:45am
Quoting juhanimi
here is eu-m5, it is in overbought area {image}
Are you remembering to change your settings when going into different timeperiods? Eg. 5M = 900 not 300.

EDIT:
Does everyone remember what the stoch is actually measuring? Why do we use 900, 300, 75, 18.75 ?
A pip is only worth it if you know how much you risked to earn it
  • #2,335
  • Jul 16, 2013 5:48am Jul 16, 2013 5:48am
Quoting vlady1974
{quote} Are you remembering to change your settings when going into different timeperiods? Eg. 5M = 900 not 300. EDIT: Does everyone remember what the stoch is actually measuring? Why do we use 900, 300, 75, 18.75 ?
I can`t find any dissimilarities, so it must be good.
  • #2,336
  • Jul 16, 2013 5:51am Jul 16, 2013 5:51am
Quoting vlady1974
{quote} Are you remembering to change your settings when going into different timeperiods? Eg. 5M = 900 not 300. EDIT: Does everyone remember what the stoch is actually measuring? Why do we use 900, 300, 75, 18.75 ?
All TF setting are based on optimal 15M. It is 300. So 15M is converted into smaller TF.
  • #2,337
  • Jul 16, 2013 5:55am Jul 16, 2013 5:55am
Quoting shiva
{quote} Why 1.3125?
Hi of 3124.5
A pip is only worth it if you know how much you risked to earn it
  • #2,338
  • Jul 16, 2013 6:00am Jul 16, 2013 6:00am
Quoting ~bull.bear~
{quote} All TF setting are based on optimal 15M. It is 300. So 15M is converted into smaller TF.
True... but wanted the guys watching to understand that if they don't have MT4 and had to trade on a near naked chart... what settings would you put in? I think this is one of the things Eurusdd had been evangelising about, not just in this thread but his other one about ZZ. People should understand their indicators and what they do.

For example... (and I haven't written it down to have a complete knowledge note) but I was experimenting this week using 2 charts of the EURUSD. One is 15M and one is 1H.... on both I put in 2 stochs withouth BB..... and in each I played around with the 900/300/75/18.75 and found some combinations that were yelling dissimilarities in real time. One lead the way, the other followed... ie, one was higher therefore LONG. one was lower, therefore SHORT kind of thing. I think I had about 12 successful trades in 2-3 hours. All without zones. So imagine with the zones!
A pip is only worth it if you know how much you risked to earn it
  • #2,339
  • Jul 16, 2013 6:03am Jul 16, 2013 6:03am
Hey Guys!

Here is my analysis for future price movement.
As some of you across broker, there are some zone at top and mine would be the bottom as show in below green zone.
From the 4H chart as below, the movement should create double top pattern in future and come down to Fibonacci 61.8% to form wave C, so to complete a wave ABC pattern. At the same time, the price at Fibo 61.8% is just the same as the green zone marked as red arrow. So what a coincident!
So i think the green zone would be maturity in future.

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  • #2,340
  • Jul 16, 2013 6:05am Jul 16, 2013 6:05am
Quoting xixi
{quote} {quote} {quote} yeah, we should keep it that way to get rid of mess. Building Ralome team of programmers is a possible way
Hello,
Thank you very much for new indicator. Thank you Ramola and you.
Bülent.
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