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The similarity system

  • #2,501
  • Jul 16, 2013 6:31pm Jul 16, 2013 6:31pm
Back to similarity now... finally!
Please pull my head out of my ass, I am running out of oxygen...
  • #2,502
  • Jul 16, 2013 6:32pm Jul 16, 2013 6:32pm
i think, EU dis-similarity is ending now...
  • #2,503
  • Jul 16, 2013 6:32pm Jul 16, 2013 6:32pm
Yes! So the plan is...
  • #2,504
  • Jul 16, 2013 6:49pm Jul 16, 2013 6:49pm
Quoting crodzilla
Yes! So the plan is...
Sigh..too late for me, check mated myself. Had to close out all the shorts But those pips did not go down for nothing....they will be back
I want more brain power!
  • #2,505
  • Jul 16, 2013 7:11pm Jul 16, 2013 7:11pm
Hey guys,
Thank you to everyone who has put in a great deal of work to this thread, especially EURUSDD, MadMoney, Ralome, xixi, and others (sorry, can't remember them all . I've been wanting to start learning how to trade forex for a about a year now, using technical analysis, but after reading some of the forums (here and babypips) I became a little discouraged. I'm a practicing engineer and am working on my thesis at the moment, so I don't have too much time to dedicate to trading. But, I stumbled across this thread early last week and have glued to it since. The "physics" behind the strategy make sense to me, and Eurusdd has done a great job showing why and how it works.

So last night, seeing as I had finally read to the end of the thread and wanted more, I decided I would finally open a practice MT4 account and load up Ralome's indicator. I did a trade last night on the eurusd M15 and woke up to a successful trade for ~10 pips, which was my first trade where I actually knew what I was doing! And just now I entered in on this big dis-similarity that just finished a few minutes ago. This will be a big one at ~110 pips once/if it works Still just playing around with filling orders in MT4 and getting used to trading...
http://charts.mql5.com/2/52/eurusd-m...poration-5.png
  • #2,506
  • Jul 16, 2013 7:57pm Jul 16, 2013 7:57pm
Quoting crodzilla
Yes! So the plan is...
Not entirely sure now. I was sort of hoping the dis-sim would last up closer to that upper zone. But now once again it is stuck in between 2 zones.

Eurusdd did hint at the price would be above the newest zone, and since the upper zones are older, I would guess that price will go down and take out the newest zone that just formed.

I am still visually/demo trading this though. There are times when it is clear what price is going to do, and then the next I second guess.

I dont want to second guess though. I want to nail this thing
  • #2,507
  • Jul 16, 2013 8:32pm Jul 16, 2013 8:32pm
Quoting taypot
{quote} yes xixi, tried that but it wouldnt work, thanks for the idea though, off out but may have another go later.
This is StochDifZoneX with stoch_period=4500, bb_period=360, bars_limit=10000 on my computer. It takes a while to load the indicator but not too long (few seconds on my computer).
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-07-17-01-eurusd.png Size: 91 KB
  • #2,508
  • Jul 16, 2013 8:59pm Jul 16, 2013 8:59pm
Hey juhanimi,

Would you gladly share your obv indicator?

Thanks!
  • #2,509
  • Jul 16, 2013 11:10pm Jul 16, 2013 11:10pm
Morning!

So similarity is back! Let's see what happens at London open. BTW, Bernanki speaks later... Hmmm...
A pip is only worth it if you know how much you risked to earn it
  • #2,510
  • Jul 16, 2013 11:13pm Jul 16, 2013 11:13pm
Quoting vlady1974
So similarity is back! ...
Yes, confirmed, finally something I see the same.
  • #2,511
  • Jul 16, 2013 11:17pm Jul 16, 2013 11:17pm
I'm researching the instances on 15M where price goes out of the BB coinciding with a ZZ leg.
This has just formed a bottom, so technically the current 15M direction is up.

EDIT:
I should note that since the BB has narrowed, the chance of an up ZZ leg forming a top should be higher. Since the zone is below, then that makes a better short signal.
A pip is only worth it if you know how much you risked to earn it
  • #2,512
  • Jul 16, 2013 11:23pm Jul 16, 2013 11:23pm
Quoting vlady1974
I'm researching the instances on 15M where price goes out of the BB coinciding with a ZZ leg. This has just formed a bottom, so technically the current 15M direction is up.
Thanks Vlady, very neatly put, I was just about to share the same thinking of me.
And now I'm not sure which direction it will finally take.
Also it just started to bounce back up from the daily pivot, which eventually matches the lower ZZ lag, with EMA1 outside the BB...
  • #2,513
  • Jul 16, 2013 11:24pm Jul 16, 2013 11:24pm
Jer - obv is a standard indicator in mt4
  • #2,514
  • Jul 16, 2013 11:29pm Jul 16, 2013 11:29pm
Attached Image
the market is not random but anything can happen.
  • #2,515
  • Jul 16, 2013 11:31pm Jul 16, 2013 11:31pm
Quoting Eurusdd
If yes, then the answer is no. A spike like that is a sign that when this move happens, all energies in that direction will be exhausted. We are heading into a possible MAXIMUM!!! There is a great chance to PICK A TOP here!!! Zone will be taken-out at 1.30788.
This is what I think I've missed, and everyone else here.
A pip is only worth it if you know how much you risked to earn it
  • #2,516
  • Jul 16, 2013 11:33pm Jul 16, 2013 11:33pm
Quoting vspatrick
{image}
I dont have your top zone. 15M tf still, original settings.
A pip is only worth it if you know how much you risked to earn it
  • #2,517
  • Jul 16, 2013 11:37pm Jul 16, 2013 11:37pm
Same original settings, but using version v1.3 showing old zones. Top one started on june 20th....

I will stick to original setting and timeframe until i get a full understanding of the process.
the market is not random but anything can happen.
  • #2,518
  • Jul 16, 2013 11:41pm Jul 16, 2013 11:41pm
Quoting vspatrick
{image}
down imho. assuming i see the "light" i need to go see more charts to confirm.

1)consider my theory previous trend was up and when similarity finally acheived the trend must change direction so down.


2)price moves with purpose to "correct" zones and assuming (1) is correct it will head toward a zone to be correct and assuming it is the small blue zone is below.... so down again.


3)when the small blue zone was formed the PA was above it and if I did not misread a "law" stated by eurusdd when PA is above a zone when it form that zone will be "taken out" from top down and vice versa

Just theory feel free to ignore it but IF im right let me know PLEASE
I want more brain power!
  • #2,519
  • Jul 16, 2013 11:42pm Jul 16, 2013 11:42pm
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Lessons learnt yesterday....

As for direction today. Here is a very important post:

Quoting Eurusdd
REMEMBER For the 15min chart, optimal settings are 300(stoch) and 24(bb). A zone is supposed to close within 75 days with probability 0.97. However, that does not mean that you can'T use this because the mean is 15 days and this mean occurs with probability approximately 0.03. Some modes (high frequency) are 1, 2, 4,6 and 8 days. Therefore, we can expect most zones to close within a week. Anything beyond two weeks should be considered dead. PRICE-FLOW DYNAMICS Price will try to close as many zones as possible. It will also try to create fewer new...
An expert is a man who has made all the mistakes which can be made
  • #2,520
  • Jul 16, 2013 11:45pm Jul 16, 2013 11:45pm
then 1.3032 seems to be the next target.....

Still learning how to play chess
the market is not random but anything can happen.
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