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The similarity system

  • #2,541
  • Jul 17, 2013 3:38am Jul 17, 2013 3:38am
Quoting spufuz
{quote} Lets try to help each other out with that part! Xixi made a post a while ago with some good links: http://www.forexfactory.com/showthread.php?p=6807510#post6807510
I agree with this, a mathematical expression that performs the most precise measurements. There are some research
  • #2,542
  • Jul 17, 2013 3:54am Jul 17, 2013 3:54am
Quoting burnssss
{quote} I agree with this, a mathematical expression that performs the most precise measurements. There are some research
Lets study and discuss fractal dimension and analysis and hope that Eurusdd could chime in and correct us or have something to say about how we should apply this to taking entries for example.
  • #2,543
  • Jul 17, 2013 3:55am Jul 17, 2013 3:55am
Quoting spufuz
{quote} Lets study and discuss fractal dimension and analysis and hope that Eurusdd could chime in and correct us or have something to say about how we should apply this to taking entries for example.
Straight down from here
  • #2,544
  • Jul 17, 2013 4:10am Jul 17, 2013 4:10am
I've read all about 5 times and has not said at any time and apply this principle, but if you have named that uses algorithms for delay system based on fractal dimension analysis
  • #2,545
  • Jul 17, 2013 4:14am Jul 17, 2013 4:14am
Guys, no shorts yet until (for this system at least), that last piercing candle outside of ZZ Top.

Currently price is bouncing off ZZ Mid. The 1H, supports the 15M in stating that the spike to 166 is a fake top, ie. more to come - because the 166 spike in the 1H was still inside the BB... not anywhere near 1H ZZ Top.

So basically... you could:

a) Wait until 15M ZZ Top is confirmed, then place a short
b) Go with small longs from now until (a)

EDIT:
1 small long @ 3140
A pip is only worth it if you know how much you risked to earn it
  • #2,546
  • Jul 17, 2013 4:31am Jul 17, 2013 4:31am
Quoting shiva
{quote} Straight down from here
Yes, hope so.... but, as always, never in a straight line .
A pip is only worth it if you know how much you risked to earn it
  • #2,547
  • Jul 17, 2013 4:32am Jul 17, 2013 4:32am
Quoting Neio
{quote} Here are some important posts regarding trend: {quote} {quote} {quote}
A pip is only worth it if you know how much you risked to earn it
  • #2,548
  • Jul 17, 2013 4:40am Jul 17, 2013 4:40am
Quoting vlady1974
{quote}
Ha,
Could you please share to your trade chart?,
Bülent.
  • #2,549
  • Jul 17, 2013 4:52am Jul 17, 2013 4:52am
Quoting vlady1974
Guys, no shorts yet until (for this system at least),....
Yes, lets be realistic. It helps to step back and look at the big picture.
Blue lines on M30 chart show the previous day range. The bands are areas of congestion.
To me it looks like price will be bouncing between the bands for a while.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm30.png Size: 27 KB
  • #2,550
  • Jul 17, 2013 4:54am Jul 17, 2013 4:54am
first note on fractal dimension analysis. Used to know if we are in range or trend. a serious possibility perform various intersections between different temporalities to delimit the beginning or end of a trend.
Reviews and let the system delay.
Otherwise 15M in my letter has bounced average online BB and still no signal to go short
  • #2,551
  • Jul 17, 2013 4:54am Jul 17, 2013 4:54am
Quoting bulent
{quote} Ha, Could you please share to your trade chart?, Bülent.
Here you go. Igindex is having issues with its data... some bars missing on the 15M.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.PNG Size: 118 KB
A pip is only worth it if you know how much you risked to earn it
  • #2,552
  • Jul 17, 2013 5:06am Jul 17, 2013 5:06am
Quoting EaglePip
{quote} Yes, lets be realistic. It helps to step back and look at the big picture. Blue lines on M30 chart show the previous day range. The bands are areas of congestion. To me it looks like price will be bouncing between the bands for a while. {image}
Yes. My exuberance with trying to apply this system caused me to break my own rules as I was getting excited over a ZZ swing. FAIL.

From a non-similarity point of view, price just bounced off daily pivot, supported by yesterday's R2.
Yesterday's high formed a neat long range double top - potentially a cup/handle formation.... for me, this would be validated by a 32XX high before a shoot down to 3060-3070. That's a 160-150 pip range which sounds about right for an EU move.... given that Bernie is about to speak.

Also:

  1. MACD - 1H: is above zero (= longs) - 15M: crossed zero higher (= longs)
  2. 1H price has bounced off 267EMA for support
  3. 15M current ZZ Low has bounced off 267EMA

A pip is only worth it if you know how much you risked to earn it
  • #2,553
  • Jul 17, 2013 5:14am Jul 17, 2013 5:14am
Quoting EaglePip
{quote} Yes, lets be realistic. It helps to step back and look at the big picture. Blue lines on M30 chart show the previous day range. The bands are areas of congestion. To me it looks like price will be bouncing between the bands for a while. {image}
Nice Daily averange indicator you got. Can you post it?

Thanks
  • #2,554
  • Jul 17, 2013 5:18am Jul 17, 2013 5:18am
Quoting vlady1974
{quote}...... From a non-similarity point of view, price just bounced off daily pivot, supported by yesterday's R2. ......
Did not want to detract from this system...... but nothing like getting back to the basics!
  • #2,555
  • Jul 17, 2013 5:19am Jul 17, 2013 5:19am
Quoting smeden
{quote} Nice Daily averange indicator you got. Can you post it? Thanks
That's not an indicator! Just go to Daily chart and draw a line at the High and Low.
Sorry, just realised you are referring to this.....
Attached File(s)
File Type: mq4 Daily_Range_Stats.mq4   16 KB | 474 downloads
  • #2,556
  • Jul 17, 2013 5:21am Jul 17, 2013 5:21am
patience, these dis-similarities the need to correct and possibly in a fast
  • #2,557
  • Jul 17, 2013 5:37am Jul 17, 2013 5:37am
Quoting EaglePip
{quote} That's not an indicator! Just go to Daily chart and draw a line at the High and Low. Sorry, just realised you are referring to this..... {file}
yes thanks....
  • #2,558
  • Jul 17, 2013 5:45am Jul 17, 2013 5:45am
Quoting EaglePip
{quote} Did not want to detract from this system...... but nothing like getting back to the basics!
I think it is healthy to do that. There's a difference discussing a new strategy and experimenting / applying its merits vs relying on something without having the basics of trading in the first place.
A pip is only worth it if you know how much you risked to earn it
  • #2,559
  • Jul 17, 2013 5:53am Jul 17, 2013 5:53am
Quoting almo
{quote} Juhanimi, Can you post your chart?
i use this template for now, for over 20 pairs, and there is good things, almost every one is a winner


http://www.forexfactory.com/showthread.php?p=6790136#post6790136
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdm15.png Size: 39 KB
  • #2,560
  • Jul 17, 2013 5:56am Jul 17, 2013 5:56am
That's actually a good example of how the ZZ turns coincide with price being outside the BB.
A pip is only worth it if you know how much you risked to earn it
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