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The similarity system

Good news for short people
EUR/USD - Stops continue to grow above 1.3150, but macro and sovereign names selling ahead of that area for now (http://www.orderflowtrading.com/News/FlowInfo/tabid/349/articleType/ArticleView/articleId/2159/EURUSD--Stops-continue-to-grow-above-13150-but-macro-and-sovereign-names-selling-ahead-of-that-area-for-now.aspx)
loosing holding power


lesson learnt ---- ALWAYS WAIT FOR SIMILARITY TO APPEAR 1ST
I want more brain power!
Quoting cfdtaleong
loosing holding power lesson learnt ---- ALWAYS WAIT FOR SIMILARITY TO APPEAR 1ST
Yes! LOL
A pip is only worth it if you know how much you risked to earn it
Quoting cfdtaleong
loosing holding power lesson learnt ---- ALWAYS WAIT FOR SIMILARITY TO APPEAR 1ST
...ok, now next lesson...
Quoting Forex Lion
{quote} ...ok, now next lesson...
Another short
A pip is only worth it if you know how much you risked to earn it
Quoting vlady1974
{quote} Another short
maybe not bad, I do have a supply zone there...
Quoting Forex Lion
{quote} maybe not bad, I do have a supply zone there...
Personally it's not that bad for me - quite normal actually, to scale in. Shorts at 11, 21, 45. Could add another one at 35, R3 just for fun.
A pip is only worth it if you know how much you risked to earn it
Quoting Ralome
{quote} Yes, he did. It scared the hell out of me when I first saw that picture
===================

Thanks very much Ralome, you saved the day for me.
Hercs
Quoting rob1599
{quote} Just when I have made a nice EA based on the CI method you come up with this amazing work. I may have to put CI EA on hold and work with this. I was seeing very good backtest results with CI though. I may still start forward test tomorrow while working with new indicator. Here are some backtest results. {image} {image}


Hello, splendid results and good work, it's a shame that you leave this EA, you could? share to try to evolve it.


Thanks and sorry for my boldness


lordorly
I've been wondering about the value of stoch for 1 min as it cant be 4500 which relates to the 300 for the 15min so I've tried changing it to 900, 5min 180 and 15 min 60. BB and zz values as Bull.bear suggested. Value Labels shown on chart. Thoughts please, ....
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Quoting taypot
I've been wondering about the value of stoch for 1 min as it cant be 4500 which relates to the 300 for the 15min so I've tried changing it to 900, 5min 180 and 15 min 60. BB and zz values as Bull.bear suggested. Value Labels shown on chart. Thoughts please, .... {image}
Have you tried to increase num of bars limit which is currently 1000 by default? For 1m chart it should be larger than 4500.
Quoting xixi
{quote} Have you tried to increase num of bars limit which is currently 1000 by default? For 1m chart it should be larger than 4500.

yes xixi, tried that but it wouldnt work, thanks for the idea though, off out but may have another go later.
Hey all. I m back for a while.
Omg....can your guys don't post too much, this thread grows too fast. Lol.....joking.

Quoting taypot
{quote} yes xixi, tried that but it wouldnt work, thanks for the idea though, off out but may have another go later.
For 1m, it can't be set more than four digits for stoch indicator because it is restricted by metaeditor. I m not sure if the stochdiff can be set, because the indicator is user defined. Of course the bar limit must be more than 4500, if not how it is going to calculate.
Quoting ~bull.bear~
For 1m, it can't be set more than four digits for stoch indicator because it is restricted by metaeditor. I m not sure if the stochdiff can be set, because the indicator is user defined. Of course the bar limit must be more than 4500, if not how it is going to calculate.
On my computer it's impossible to use it on 1m cause it makes freeze my MT4 terminal.
My name is Martin... Martin Gale
Quoting condor666
{quote} On my computer it's impossible to use it on 1m cause it makes freeze my MT4 terminal.
Agree. It is normal. That why I don't use 1m. CPU took too long for the calculation.

I think maybe need to re-code the indicator. Maybe there are too many looping cycle inside the coding, I m not sure now because I have no time to check.
Looks like the Dollar news affected sentiment worse than I thought. However it's daily trend remains intact and is in sync with the weekly, suggesting higher prices and conversely... should mean lower prices for EU in the longer Daily/Weekly term.

However for today, both EJ and UJ scaled lower to a range between the last 2 trading day's pivot points. Seems like a positioning move rather than a change in hourly trend. UJ's high on the 15 July is still intact and the low of 9888 isn't in danger. If anything, a recent swing low of 9907 (previous day's S1) could be a swing point for the current hourly down move.

All this is influencing EU but this slow rise towards 1.3200 is starting to form the traditional cup and handle which requires one last drop to 1.306X to gain momentum for 1.33XX. I will hold my shorts until the end of NY session and will close any losses only at that time if price hasn't yet gone lower than 35.
A pip is only worth it if you know how much you risked to earn it
Quoting vlady1974
Looks like the Dollar news affected sentiment worse than I thought. However it's daily trend remains intact and is in sync with the weekly, suggesting higher prices and conversely... should mean lower prices for EU in the longer Daily/Weekly term. However for today, both EJ and UJ scaled lower to a range between the last 2 trading day's pivot points. Seems like a positioning move rather than a change in hourly trend. UJ's high on the 15 July is still intact and the low of 9888 isn't in danger. If anything, a recent swing low of 9907 (previous day's...
Zoom out on M15, i call that the Crone pattern. Maybe some kind of head and shoulders

The dissimilarity zone is two days wide. Waiting and waiting for similarity takes place...

I believe i will not win the $3000. Eurusdd is a show man sometimes !
where is similarity.
My help is in the name of the Lord who made heaven and earth.
Eurusdd told to us in the beginning that we need to setup our charts / indies so that 97% of the time they show similarity. If they don't, then the initial setup is not correct / optimal for the TF.
Now if I increase the # of bars in the indie and scroll back on my charts, I rather see something like 50% dissim / sim ratio. Which seems to be off, wouldn't you think so? Or is the 97/3% guidance not valid for our current single TF stoch setup? Or am I making another mistake somewhere?

For me the current dissimilarity started almost 2 full days ago. Is it the same for everyone?

Pls. forgive me for keeping asking, but I thought I got the concept and also made some promising trades, but now I feel I still miss something...
Quoting lnorbi
Eurusdd told to us in the beginning that we need to setup our charts / indies so that 97% of the time they show similarity. If they don't, then the initial setup is not correct / optimal for the TF. Now if I increase the # of bars in the indie and scroll back on my charts, I rather see something like 50% dissim / sim ratio. Which seems to be off, wouldn't you think so? Or is the 97/3% guidance not valid for our current single TF stoch setup? Or am I making another mistake somewhere? For me the current dissimilarity started almost 2 full days ago....
Yes it is the same...I also asked this question already, because dissim should not be more than 3 %
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