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The similarity system

  • #2,761
  • Jul 17, 2013 2:29pm Jul 17, 2013 2:29pm
I located the screenshot and re-posted it here
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdmm15.png Size: 49 KB
  • #2,762
  • Jul 17, 2013 2:35pm Jul 17, 2013 2:35pm
Quoting FXWrangler
{quote} I believe my posts got mixed up in the shuffle from just being approved as a posting member. What I had said that never made to print was this: If price closes above or below the dissimilarity box during dissimilarity then it will take out the next closest level in that direction. My screenshot demonstrating this was on the linked post. Please click on the "quoting fxwrangler" link to see the actual screenshot.
More or less, yes. But your chart was harder to understand than the Ralome based indicator. 2 of your zones didn't extend it's green price range... not sure what happened.

When you are in Dissimilarity, you should basically not be using it as a guide to trade. Price should tend towards the previous Zone.
If price does leave the Dissimilarity Zone before the box or period is up... then you know the direction you will revisit the zone when it appears.
A pip is only worth it if you know how much you risked to earn it
  • #2,763
  • Jul 17, 2013 2:35pm Jul 17, 2013 2:35pm
Quoting lufkindog
{quote} Eurusdd When you have time, could you show us this technique of picking Tops/Bottoms.
I think what we have now is enough!
  • #2,764
  • Jul 17, 2013 2:37pm Jul 17, 2013 2:37pm
Quoting vlady1974
{quote} Nice one bro! And I like how you're pushing this to other pairs! Keep em coming! We can learn from you!
Thanks, your break down analysis is impressive. People are learning from you too!
  • #2,765
  • Jul 17, 2013 2:37pm Jul 17, 2013 2:37pm
I'm really liking the concepts! Eurusdd, you've created a monster!

I like it so much, I will make a projection... let's see how near or far this compares to Asian session

EDIT:
I should explain that I don't know whether the projected swing/ZZ Top will be a fake or real. But it satisfies all the conditions for a valid signal down.... ie. a ZZ TOP.
And price remains within the Top and Bottom Prices of the Dissimilarity Zone (Horizontal Blues Lines) as per Eurusdd.
If it is a fake, then the Stoch BB will be outside the Band. If it is real, then the Stoch BB will be inside the Band and the ZZ indicator will print a new swing.... ENTER SHORT!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.jpg Size: 421 KB
A pip is only worth it if you know how much you risked to earn it
  • #2,766
  • Jul 17, 2013 2:46pm Jul 17, 2013 2:46pm
Quoting Eurusdd
{quote} I think what we have now is enough!


Personally, tops and bottoms are not as important as the recent valid ZZ Bottom or ZZ Top
A pip is only worth it if you know how much you risked to earn it
  • #2,767
  • Jul 17, 2013 2:52pm Jul 17, 2013 2:52pm
And because I'm in a generous mood...

Let me tell you about today's high. It was still difficult. The bar printed and shot up within 10 seconds and remained in the bottom half for most of that 15 minutes. I shorted at 50. Wasn't a good price and I cacked myself. It went down to 30ish I think... so I took a long knowing I wanted high 60s. Then it shot up to 67/70ish... i was waiting and I had the conviction of the ZZ/BB rules i mentioned above to go for it. I closed the long and I shorted at 62 I think it was. Then I left it, 2 shorts open and 1 long closed.

This is not normally how I trade. But I wanted to force myself as if I'd known this system for a long time..... But I wanted to let you (THE BEGINNER OR NEWBIE) that just because you have a plan/map/system will it mean you will know how to trade... because it is you who will still click that mouse button then curse yourself if you get filled in at a shit price.

Anyways.... my trades were in and I was responding to Eurusdd's question about where are we in relation to Zone B when boom... the ZZ Top was confirmed with force and vigour. I'm now flat as I don't like to carry trades over night. I will look at opportunities tomorrow morning.

I think this stuff works....but you still need to adapt it to your style. Don't rely on the indicator to show zones - this gives you a target absolutely, but I think the gold is in the Stoch/Bollinger/ZZ method.
A pip is only worth it if you know how much you risked to earn it
  • #2,768
  • Jul 17, 2013 2:57pm Jul 17, 2013 2:57pm
Quoting vlady1974
And because I'm in a generous mood... Let me tell you about today's high. It was still difficult. The bar printed and shot up within 10 seconds and remained in the bottom half for most of that 15 minutes. I shorted at 50. Wasn't a good price and I cacked myself. It went down to 30ish I think... so I took a long knowing I wanted high 60s. Then it shot up to 67/70ish... i was waiting and I had the conviction of the ZZ/BB rules i mentioned above to go for it. I closed the long and I shorted at 62 I think it was. Then I left it, 2 shorts open and 1...
  • #2,769
  • Jul 17, 2013 3:00pm Jul 17, 2013 3:00pm
Quoting vlady1974
{quote} More or less, yes. But your chart was harder to understand than the Ralome based indicator. 2 of your zones didn't extend it's green price range... not sure what happened. When you are in Dissimilarity, you should basically not be using it as a guide to trade. Price should tend towards the previous Zone. If price does leave the Dissimilarity Zone before the box or period is up... then you know the direction you will revisit the zone when it appears.
Yes, sorry. I hand drew the chart and was only referencing what I had drawn. I also did a poor job of wording what I was trying to say...had to jet to a meeting.

Here is a clearer chart of the same area.

Here is what I meant to say:

After the period of dissimilarity ends then IF price closes on either side of the box the dissimilarity created then price will head towards and/or take out the next closest zone in that direction.

The periods of similarity appear to show the tendency to trend toward the previous zone.

It also appears that most zones get taken out during the periods of similarity rather than overlapping zones during dissimilarity.

The circled areas demonstrate that the previous/closest zone was taken out during the similarity period and after price had broken the dissimilarity box high or low.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdmm15.png Size: 52 KB
  • #2,770
  • Jul 17, 2013 3:07pm Jul 17, 2013 3:07pm
Quoting FXWrangler
{quote} Here is what I meant to say: After the period of dissimilarity ends then IF price closes on either side of the box the dissimilarity created then price will head towards and/or take out the next closest zone in that direction. The periods of similarity appear to show the tendency to trend toward the previous zone. It also appears that most zones get taken out during the periods of similarity rather than overlapping zones during dissimilarity. The circled areas demonstrate that the previous/closest zone was taken out during the similarity...
THAT, sir, IS AN EXCELLENT OBSERVATION!!

This may amend my projection posted above. I think we may see more dissimilarity zones.. (ie smaller ones).
A pip is only worth it if you know how much you risked to earn it
  • #2,771
  • Jul 17, 2013 3:11pm Jul 17, 2013 3:11pm
Anyone trading 5M chart??
  • #2,772
  • Jul 17, 2013 3:13pm Jul 17, 2013 3:13pm
Quoting Madmoney
Anyone trading 5M chart??
I have a 5M chart open, but only for reference, not for trading at the moment
  • #2,773
  • Jul 17, 2013 3:15pm Jul 17, 2013 3:15pm
Quoting Forex Lion
{quote} I have a 5M chart open, but only for reference, not for trading at the moment
Nothing but hits on a 5M chart today.

Need to somehow combine Ralome's indi with Xixi's high/low.
  • #2,774
  • Jul 17, 2013 3:26pm Jul 17, 2013 3:26pm
Quoting Madmoney
Anyone trading 5M chart??
Madmoney! I've just had a look... I'm keeping the settings for 15 minute time frame, It's got some ZZ swings that are different (or not even visible) from the 15M.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.jpg Size: 459 KB
A pip is only worth it if you know how much you risked to earn it
  • #2,775
  • Jul 17, 2013 3:27pm Jul 17, 2013 3:27pm
Quoting Madmoney
{quote} Nothing but hits on a 5M chart today. Need to somehow combine Ralome's indi with Xixi's high/low.
Can you post XiXi's High/Low indi? Thanks!
A pip is only worth it if you know how much you risked to earn it
  • #2,776
  • Jul 17, 2013 3:29pm Jul 17, 2013 3:29pm
Quoting vlady1974
{quote} Madmoney! I've just had a look... I'm keeping the settings for 15 minute time frame, It's got some ZZ swings that are different (or not even visible) from the 15M. {image}
Yep, waiting to attack on a sell position! Concept is sound and versatile!
  • #2,777
  • Jul 17, 2013 3:30pm Jul 17, 2013 3:30pm
Quoting vlady1974
{quote} Can you post XiXi's High/Low indi? Thanks!
Here...
Attached File(s)
File Type: mq4 StochDifZoneX_v1_2.mq4   8 KB | 622 downloads
  • #2,778
  • Jul 17, 2013 3:32pm Jul 17, 2013 3:32pm
Quoting Madmoney
{quote} Nothing but hits on a 5M chart today. Need to somehow combine Ralome's indi with Xixi's high/low.
What's the frequency of hits for the 5m?

Can you post a chart?
  • #2,779
  • Jul 17, 2013 3:36pm Jul 17, 2013 3:36pm
Quoting almo
{quote} What's the frequency of hits for the 5m? Can you post a chart?
Well I've taken three trades, averaging just over 30 pips (each).

Hopefully post charts later, when I have time.

Once you know how to hedge, it's probably the best DEFENSIVE weapons you could have.
  • #2,780
  • Jul 17, 2013 3:52pm Jul 17, 2013 3:52pm
Quoting Madmoney
{quote} Well I've taken three trades, averaging just over 30 pips (each). Hopefully post charts later, when I have time. Once you know how to hedge, it's probably the best DEFENSIVE weapons you could have.
yes I see there have been nice trades on the 5M too...
do you use the original 15M settings, or the converted 900 / 72?
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