The similarity system | Page 123 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Similarity: A Practical Approach 859 replies

Similarity Trading - The ZZBB Method 215 replies

Rainbow similarity 256 replies

Similarity Stuff 17 replies

Directional Similarity 0 replies

Attachments: The similarity system
Exit Attachments

The similarity system

  • #2,441
  • Jul 16, 2013 1:38pm Jul 16, 2013 1:38pm
now?
  • #2,442
  • Jul 16, 2013 1:41pm Jul 16, 2013 1:41pm
Quoting juhanimi
now?
Juhanimi,
Can you post your chart?
  • #2,443
  • Jul 16, 2013 1:43pm Jul 16, 2013 1:43pm
Quoting juhanimi
now?
no, still dissim
  • #2,444
  • Jul 16, 2013 1:43pm Jul 16, 2013 1:43pm
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....
Sort of how I feel. I made one good trade and one bad one haha. In the end I broke even so I guess no harm done.

In reference to price maybe moving higher. There is another zone higher still around 1.3256. And one lower zone as well. Price is now trapped in between these zones and range is getting tighter and tighter. EUrusdd said that price will try to take out as many zones as it can without making a new zone. Well we already know it is going to make at least one new one once this 2 day dis-similarity ends. So taking that into account, maybe it is trying to take out more than zone right now before it goes similar again. Because if it does go similar again, and then goes back to dis-similar it will make another zone. Hope this doesnt sound confusing but maybe price is trying to take care of as much old business as possible before it gets similar again.

And since it is stuck in between the 2 zones, and price has been rising, I am guessing it will go towards the top zone UNLESS we hit similarity again
  • #2,445
  • Jul 16, 2013 1:49pm Jul 16, 2013 1:49pm
Quoting crottsinabox
{quote} Sort of how I feel. I made one good trade and one bad one haha. In the end I broke even so I guess no harm done. In reference to price maybe moving higher. There is another zone higher still around 1.3256. And one lower zone as well. Price is now trapped in between these zones and range is getting tighter and tighter. EUrusdd said that price will try to take out as many zones as it can without making a new zone. Well we already know it is going to make at least one new one once this 2 day dis-similarity ends. So taking that into account,...
hmmm, you have a zone above...could you pls show your chart, I do not have a zone above, but I know yesterday we had the same charts...thats funny...
  • #2,446
  • Jul 16, 2013 1:57pm Jul 16, 2013 1:57pm
Yea this zone is from way back on June 20th. It is out of the 2 week (extreme case) range but not out of 75 day range so I guess it is still possible to hit. I need to go back and read what Eurusdd said about the Modes. Maybe it has something to do with that.

There is actually even another zone above that at 1.3397.

If you take your mouse at click and hold the numbers on the right side of the graph and drag up and down it expands/contracts the prices so you can see more levels in the same time frame.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m15-forex-capital-markets-2.png Size: 98 KB
  • #2,447
  • Jul 16, 2013 1:57pm Jul 16, 2013 1:57pm
Quoting crottsinabox
{quote} Sort of how I feel. I made one good trade and one bad one haha. In the end I broke even so I guess no harm done. In reference to price maybe moving higher. There is another zone higher still around 1.3256. And one lower zone as well. Price is now trapped in between these zones and range is getting tighter and tighter. EUrusdd said that price will try to take out as many zones as it can without making a new zone. Well we already know it is going to make at least one new one once this 2 day dis-similarity ends. So taking that into account,...
What you described makes a lot of sense, thanks a lot!! However, I also don't have the zone above (on neither of my accounts). So naturally, my conclusions - at least based purely on my charts - are different. I'm more biased to expect a short, since I will only have two zones below the price, once current dissim ends. Which actually does not seem to be happening yet.

This is what I was referring to earlier, when I told we are coming to different conclusions due to the differences among our charts. And to be fully honest, this confuses me quite a bit...
Attached Image (click to enlarge)
Click to Enlarge Name: Capture5.PNG Size: 58 KB
  • #2,448
  • Jul 16, 2013 2:02pm Jul 16, 2013 2:02pm
Quoting crottsinabox
Yea this zone is from way back on June 20th... {image}
Strange. I even set the number of bars setting of the indie much higher (to 3000) and still there is nothing there.
I also zoomed out the chart scale to the extremes, but nothing.

Can it be that our price flows are such different across brokers? (I know they are, but I would not have expected such a big difference).
  • #2,449
  • Jul 16, 2013 2:02pm Jul 16, 2013 2:02pm
He also said that the faster price moves away from dis-similarity the more violent (spike) it will return to it. The price has been slowly moving away from the first point of dis-similarity so if I had to guess, it might not make a fast dip back to it. But this is all me still sort of guessing/attempting to put everything we learned into practice.

If I am wrong, somebody chime in. Wouldn't be the first time ha
  • #2,450
  • Jul 16, 2013 2:05pm Jul 16, 2013 2:05pm
Quoting lnorbi
{quote} Strange. I even set the number of bars setting of the indie much higher (to 3000) and still there is nothing there. I also zoomed out the chart scale to the extremes, but nothing. Can it be that our price flows are such different across brokers? (I know they are, but I would not have expected such a big difference).
Change the lifetime to 50 days and 8000 bars.
  • #2,451
  • Jul 16, 2013 2:05pm Jul 16, 2013 2:05pm
Quoting lnorbi
{quote} Strange. I even set the number of bars setting of the indie much higher (to 3000) and still there is nothing there. I also zoomed out the chart scale to the extremes, but nothing. Can it be that our price flows are such different across brokers? (I know they are, but I would not have expected such a big difference).
I suppose that is possible. Without trying to sound too dependent on the indicator, I am just looking at what the indi painted. Now if more people don't have those zones than do have them, I would be inclined to think maybe my chart is wrong, but I honestly just dont know
  • #2,452
  • Jul 16, 2013 2:08pm Jul 16, 2013 2:08pm
Quoting lnorbi
{quote} Strange. I even set the number of bars setting of the indie much higher (to 3000) and still there is nothing there. I also zoomed out the chart scale to the extremes, but nothing. Can it be that our price flows are such different across brokers? (I know they are, but I would not have expected such a big difference).
same here
  • #2,453
  • Jul 16, 2013 2:14pm Jul 16, 2013 2:14pm
Try loading the second version of the indicator. I remember Ralome saying something about the third version so I went back to using the 2nd version (v1_2)

When I upload a new 15min chart with v1_80 the upper zones are gone
  • #2,454
  • Jul 16, 2013 2:15pm Jul 16, 2013 2:15pm
First time I write on the forum, I hope to learn this system, although at the time I eventually find still difficult.

Thanks to eurusd the gift that you did

I apologize for my English
  • #2,455
  • Jul 16, 2013 2:16pm Jul 16, 2013 2:16pm
Quoting Ralome
Seems like there's indeed something fishy that's going on with the new version of the indy, so until further notice use it only for decorative purposes. My apologies
Found it. But Ralome is def the indi expert here, not me
  • #2,456
  • Jul 16, 2013 2:17pm Jul 16, 2013 2:17pm
Just got home guys.

My 15M shows a key ZigZag low that was a signal to go Long... but obviously I wouldn't have known this.... dammit, need to get MT4 installed on DropBox asap!
Oh well... 20 20 hindsight don't help the trading....
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.jpg Size: 148 KB
A pip is only worth it if you know how much you risked to earn it
  • #2,457
  • Jul 16, 2013 2:17pm Jul 16, 2013 2:17pm
Quoting crottsinabox
{quote} Found it. But Ralome is def the indi expert here, not me
You have to change the liftime of the bars to 50 days or more. Then you will see it with version 1.8.
  • #2,458
  • Jul 16, 2013 2:18pm Jul 16, 2013 2:18pm
Quoting crottsinabox
Try loading the second version of the indicator. I remember Ralome saying something about the third version so I went back to using the 2nd version (v1_2) When I upload a new 15min chart with v1_80 the upper zones are gone
ahhh, here we go...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m15-excel-markets.png Size: 43 KB
  • #2,459
  • Jul 16, 2013 2:27pm Jul 16, 2013 2:27pm
My bias right now is that it is going up.

Only taking in account what I understand the rules/signals for the system I gathered

-Trend on 15 min is slowly moving up. Until the charts agree(similarity), expect trend to continue
-Price is moving away from initial dis-similarity slowly so don't expect a fast return to it
-Once an established zone is wiped out, consider looking for entry back to current dis-similarity or possibly take out a zone behind it.

Both upper/lower zones have other zones higher/lower than them as well
  • #2,460
  • Jul 16, 2013 2:28pm Jul 16, 2013 2:28pm
Quoting lnorbi
{quote} What you described makes a lot of sense, thanks a lot!! However, I also don't have the zone above (on neither of my accounts). So naturally, my conclusions - at least based purely on my charts - are different. I'm more biased to expect a short, since I will only have two zones below the price, once current dissim ends. Which actually does not seem to be happening yet. This is what I was referring to earlier, when I told we are coming to different conclusions due to the differences among our charts. And to be fully honest, this confuses me...
Don't be alone. We have the same zone.

Sorry,i can't post my chart here as i am at outside.
2 traders viewing now