Disliked{quote} yes I see there have been nice trades on the 5M too... do you use the original 15M settings, or the converted 900 / 72?Ignored
- #2,783
- Jul 17, 2013 4:11pm Jul 17, 2013 4:11pm
- Joined May 2009 | Status: Consistency is Key!! | 1,297 Posts
- #2,784
- Edited Jul 18, 2013 1:33am Jul 17, 2013 4:14pm | Edited Jul 18, 2013 1:33am
- | Membership Revoked | Joined Oct 2012 | 2,254 Posts
PLEASE do not reply to this thread till 6AM GMT Thursday.(I WILL MODIFY THE post occasionally)
I have looked into Ralome's indicator and made a simple change. The code is good but it does not identify true dis-similarity bars(40% of the time). That is why we are having problems identifying price direction.
This should be the final setup for this THREAD!!!!
The indicator was able to identify about 60% of the true dis-similarity bars. Furthermore, it gave too many dis-similarity zones(simply because the conditions for dis-similarity involve more). I did not change the code much.
Now, I will post setups for 1min, 5min, 15min, 30min and 1hr, using ralome's indicator and the new-onE and I will also tell you what to look for. The new one does not change the way Ralome's indicator identifies dis-similarity zones; rather, together with R's indi, we can identify very good zones to take out.
If you want to use them, you will have to open two 15min charts side by side and install the indicators; one indicator to a chart.
The rule is very simple:
1: When one indicator shows start of dis-similarity and the other doesn't, the zone that will be created is a very good target.
2: When both charts show dis-similarity bars at the same time, the zones do not appear at the same time AND one zone is taken out before the other one appears on the other chart, then that zone is a very good target.
These should work across board for all, regardless of the broker you are using.
Ralome -V1
Ralome - V2
1: The zone at A was not created in Ralome-V1, so it had to go.
2: The zone at C appeared in Ralome-V2 earlier than Ralome-V1. It was taken-out in R-V2, before it appeared in R-V1. So, the zone in R-V1(at C) is a very good target.
3: The zone at B is valid in R-V2 but not R-V1; therefore, it is a very good target.
----------------------------------
This is the best we can do with the code we have currently. We can still ude the idea like we have been doing, but now we have zones that are very good targets.
----------------------------------
Ralome-v1 template(DELETE tt.ex4 from template)
Ralome-v1-indicator(SETTING = 300/24, use 2000 bars)
Ralome-v2 template (DELETE tt.ex4 from template)
Ralome-v2-indicator(SETTING = 300/6, use 2000 bars)
If the template does not install properly, download the indicators only and install it on your charts
==========================================
ANOTHER WAY TO USE R-V2
Do you see those yellow lines down there? They are not supposed to stay above 1 for long. In fact they will rarely get to 2. As soon as they fall back below 1, you have a LOCAL max/min(For the 1EMA- not necessarily price). Good for identifying local turning point or resistances.
Furthermore, the first time the yellow line is flat at the bottom, you have a max/min.( Gives you a good time to enter/exit the market.) In a ranging market, this is very good.
I have looked into Ralome's indicator and made a simple change. The code is good but it does not identify true dis-similarity bars(40% of the time). That is why we are having problems identifying price direction.
This should be the final setup for this THREAD!!!!
The indicator was able to identify about 60% of the true dis-similarity bars. Furthermore, it gave too many dis-similarity zones(simply because the conditions for dis-similarity involve more). I did not change the code much.
Now, I will post setups for 1min, 5min, 15min, 30min and 1hr, using ralome's indicator and the new-onE and I will also tell you what to look for. The new one does not change the way Ralome's indicator identifies dis-similarity zones; rather, together with R's indi, we can identify very good zones to take out.
If you want to use them, you will have to open two 15min charts side by side and install the indicators; one indicator to a chart.
The rule is very simple:
1: When one indicator shows start of dis-similarity and the other doesn't, the zone that will be created is a very good target.
2: When both charts show dis-similarity bars at the same time, the zones do not appear at the same time AND one zone is taken out before the other one appears on the other chart, then that zone is a very good target.
These should work across board for all, regardless of the broker you are using.
Ralome -V1
Ralome - V2
1: The zone at A was not created in Ralome-V1, so it had to go.
2: The zone at C appeared in Ralome-V2 earlier than Ralome-V1. It was taken-out in R-V2, before it appeared in R-V1. So, the zone in R-V1(at C) is a very good target.
3: The zone at B is valid in R-V2 but not R-V1; therefore, it is a very good target.
----------------------------------
This is the best we can do with the code we have currently. We can still ude the idea like we have been doing, but now we have zones that are very good targets.
----------------------------------
Ralome-v1 template(DELETE tt.ex4 from template)
Ralome-v1-indicator(SETTING = 300/24, use 2000 bars)
Ralome-v2 template (DELETE tt.ex4 from template)
Ralome-v2-indicator(SETTING = 300/6, use 2000 bars)
If the template does not install properly, download the indicators only and install it on your charts
==========================================
ANOTHER WAY TO USE R-V2
Do you see those yellow lines down there? They are not supposed to stay above 1 for long. In fact they will rarely get to 2. As soon as they fall back below 1, you have a LOCAL max/min(For the 1EMA- not necessarily price). Good for identifying local turning point or resistances.
Furthermore, the first time the yellow line is flat at the bottom, you have a max/min.( Gives you a good time to enter/exit the market.) In a ranging market, this is very good.
- #2,785
- Edited 7:00pm Jul 17, 2013 6:36pm | Edited 7:00pm
- | Membership Revoked | Joined Oct 2012 | 2,254 Posts
The post above ends my contribution on how we should use the setup and what to look for. Maybe in the future I will team up with Ralome and together we can design the perfect similarity-dissimilarity INDICATOR (ONE THAT can spot almost every TRUE dis-similarity bar). Until then, we will have to manage what we have now!!!
Resistance on 30min
Resistance on 30min
- #2,786
- Edited 9:32pm Jul 17, 2013 8:40pm | Edited 9:32pm
- | Membership Revoked | Joined Oct 2012 | 2,254 Posts
- #2,788
- Jul 18, 2013 1:13am Jul 18, 2013 1:13am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
A pip is only worth it if you know how much you risked to earn it
- #2,789
- Jul 18, 2013 1:14am Jul 18, 2013 1:14am
- | Membership Revoked | Joined Oct 2012 | 2,254 Posts
I do not understand the post of the nightstocher (http://www.forexfactory.com/nightstocher) I said, consider buying when price gets 5-10 within range of 1.3082. That worked relatively, because I added that the pressure will be on 1.3098 and not 1.3093,. So what is the problem?
Some of you are just hiding waiting for a failure that might never happen!!!!
Some of you are just hiding waiting for a failure that might never happen!!!!
I do not understand the post of the nightstocher (http://www.forexfactory.com/nightstocher) I said, consider buying when price gets 5-10 within range of 1.3082. That worked relatively, because I added that the pressure will be on 1.3098 and not 1.3093,. So what is the problem? {image} Some of you are just hiding waiting for a failure that might never happen!!!!
It's a buy the dip scheme, ya feel me?
PLEASE do not reply to this thread till 6AM GMT Thursday.(I WILL MODIFY THE post occasionally) I have looked into Ralome's indicator and made a simple change. The code is good but it does not identify true dis-similarity bars(40% of the time). That is why we are having problems identifying price direction. This should be the final setup for this THREAD!!!! The indicator was able to identify about 60% of the true dis-similarity bars. Furthermore, it gave too many dis-similarity zones(simply because the conditions for dis-similarity involve more)....
you never sleep on vacations???
Thank you very much
- #2,796
- Jul 18, 2013 1:28am Jul 18, 2013 1:28am
- | Membership Revoked | Joined Oct 2012 | 2,254 Posts
{quote} wow!!! great!!!
- #2,798
- Jul 18, 2013 1:38am Jul 18, 2013 1:38am
- | Membership Revoked | Joined Oct 2012 | 2,254 Posts
{quote} i show price right around the price you said it was done with. but you took that post down too. and i agree that price will probably move away but that's b/c we're 30 minutes away from LO. i'm having a hard time understanding why you say it will move. I'm not saying you're right or wrong man. i'm always open to new ideas and i'm def not just here to shoot someone who's thinking outside the box down. there's a reason most traders fail, and i think part of that is they're trying the same thing everybody else is failing with. I'm trying to...
Gee
AND the pressure is still on the side of 1.3098!!! I am EURUSDD!!!
-----
i DON'T NEED you to agree with me: I know where price is heading almost surely and I am demonstrating that daily:::::
I am sure you did not buy!!!!
- #2,799
- Jul 18, 2013 1:51am Jul 18, 2013 1:51am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
A pip is only worth it if you know how much you risked to earn it