The similarity system | Page 142 | 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

  • #2,821
  • Jul 18, 2013 3:03am Jul 18, 2013 3:03am
The zigzag is already through the BB, on the left. Therefore, price is free to go up a little.
  • #2,822
  • Jul 18, 2013 3:06am Jul 18, 2013 3:06am
Looking for ZZ Top to form in the 3122 - 3135 area. Born zone to act as resistance. New DS Zone to be created underneath.

BTW I'll be on naked charts for most of the day.
Looking at BB breakouts.
A pip is only worth it if you know how much you risked to earn it
  • #2,823
  • Jul 18, 2013 3:07am Jul 18, 2013 3:07am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Eurusdd
The zigzag is already through the BB, on the left. Therefore, price is free to go up a little.
So the next leg of the ZZ should print when the 1EMA goes through the upper BB? That would signal the start of the next wave down?
An expert is a man who has made all the mistakes which can be made
  • #2,824
  • Jul 18, 2013 3:11am Jul 18, 2013 3:11am
Quoting Neio
{quote} So the next leg of the ZZ should print when the 1EMA goes through the upper BB? That would signal the start of the next wave down?
If you are expecting a leg of the ZZ to print pointing up, then it can ONLY happen at 1.3158!!!

If it happens earlier, price may continue to push to 1.3158.
  • #2,825
  • Jul 18, 2013 3:14am Jul 18, 2013 3:14am
I hope people took my call to buy at 1.3093. Hmmm.

Dis-similarity did not happen for price to strike below 1.3082. Therefore, those guys are going up to return again!
  • #2,826
  • Jul 18, 2013 3:15am Jul 18, 2013 3:15am
Quoting Neio
{quote} OK here is what I have... PLEASE WAIT UNTIL EURUSDD CONFIRMS THAT BOTH TEMPLATES ARE OK You need the indicators: r-v1.mq4 r-v2.mq4 Template 1 {file} Template 2 {file} On Both Templates the ZigZag, Bolinger Bands and Stochastic have the same settings (not sure if this is right?) The RV indicators are different.
many thanks Neio,

Eurusdd, are the settings the same or do we need to adjust them on the r-v2 templ to reflect ZZ BB to show 6 instead of 24?

look on my r-v2 templ I have a additional green zone within the other green zone
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m15-excel-markets.png Size: 82 KB
  • #2,827
  • Jul 18, 2013 3:16am Jul 18, 2013 3:16am
Quoting vlady1974
Looking for ZZ Top to form in the 3122 - 3135 area. Born zone to act as resistance. New DS Zone to be created underneath. BTW I'll be on naked charts for most of the day. Looking at BB breakouts.
do you see the BB can tell you where to expect ZZ?
  • #2,828
  • Jul 18, 2013 3:18am Jul 18, 2013 3:18am
Quoting Forex Lion
{quote} many thanks Neio, Eurusdd, are the settings the same or do we need to adjust them on the r-v2 templ to reflect ZZ BB to show 6 instead of 24? look on my r-v2 templ I have a additional green zone within the other green zone {image}
Leave everything else, except the new indicator R-V2.
neio, THE zz CAme to early, so do not be surprised to see price shoot up to 1.31583
  • #2,829
  • Jul 18, 2013 3:21am Jul 18, 2013 3:21am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Eurusdd
{quote} Leave everything else, except the new indicator R-V2
Eurusdd, Should the number of counter days on the RV indicators be 14? I think you had it set to 35 on your templates?
An expert is a man who has made all the mistakes which can be made
  • #2,830
  • Jul 18, 2013 3:22am Jul 18, 2013 3:22am
Quoting Neio
{quote} Eurusdd, Should the number of counter days on the RV indicators be 14? I think you had it set to 35 on your templates?
35 was cool. but you can choose whatever you want!
  • #2,831
  • Jul 18, 2013 3:23am Jul 18, 2013 3:23am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Eurusdd
{quote} Leave everything else, except the new indicator R-V2. neio, THE zz CAme to early, so do not be surprised to see price shoot up to 1.31583
Hmmm I don't think I fully understand the ZZ yet. Not sure how you determine that.
An expert is a man who has made all the mistakes which can be made
  • #2,832
  • Jul 18, 2013 3:24am Jul 18, 2013 3:24am
Quoting Neio
{quote} Hmmm I don't think I fully understand the ZZ yet. Not sure how you determine that.
WATCH IT! price will HUG the BB till 1.31583.

The reason is clearly on your chart!!!!
  • #2,833
  • Jul 18, 2013 3:24am Jul 18, 2013 3:24am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Eurusdd
{quote} 35 was cool. but you can choose whatever you want!
But does it still apply what you said about zones over two weeks being dead? or very low probability of being closed?
An expert is a man who has made all the mistakes which can be made
  • #2,834
  • Jul 18, 2013 3:25am Jul 18, 2013 3:25am
hi guys,

can someone clarify which template should I install Eurusdd or Neo? Or both of them are ok?
  • #2,835
  • Jul 18, 2013 3:26am Jul 18, 2013 3:26am
My vision: will break 3083/8, will go to 3053/2 and eventually will fall in 2994/2
  • #2,836
  • Jul 18, 2013 3:27am Jul 18, 2013 3:27am
Quoting Neio
{quote} But does it still apply what you said about zones over two weeks being dead? or very low probability of being closed?
Neio: The indicator we have does not identify 40% of the dis-similarity bars after we did a test on it. Therefore, the theory is sound but the indicator is not perfect.
Ralome did a perfect Job but he does not know the exact formula to identify dis-similarity bars. I did not give that to Him!!!!
  • #2,837
  • Jul 18, 2013 3:31am Jul 18, 2013 3:31am
Quoting Eurusdd
{quote} WATCH IT! price will HUG the BB till 1.31583. The reason is clearly on your chart!!!!
If i well understand we can put a buy up to 1.31583 with hedging / stop loss at 1.3082 ? These are bounds of the last dissimilarity range.
  • #2,838
  • Jul 18, 2013 3:35am Jul 18, 2013 3:35am
Quoting IFxRobot
{quote} If i well understand we can put a buy up to 1.31583 with hedging / stop loss at 1.3082 ? These are bounds of the last dissimilarity range.
I am not giving a CALL: I am trying to help NEIO understand his BB-ZZ.
tHE reason is here. ZZ has some more to go.....
Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 61 KB
  • #2,839
  • Jul 18, 2013 3:35am Jul 18, 2013 3:35am
Quoting Neio
{quote} OK here is what I have... PLEASE WAIT UNTIL EURUSDD CONFIRMS THAT BOTH TEMPLATES ARE OK .....
Hi Neio,
Nice work on the templates. Just want to mention that the R-v2 Indi has 6 BB , the plotted BB in the template is 24. It is just a visual thing and easy to change manually but, Eur can confirm this.
  • #2,840
  • Jul 18, 2013 3:36am Jul 18, 2013 3:36am
Quoting Eurusdd
{quote} Leave everything else, except the new indicator R-V2. neio, THE zz CAme to early, so do not be surprised to see price shoot up to 1.31583
as I have a new zone, smaller green one in the bigger green one, on one chart and not on the other....is this a possible target? Like you said on your instructions...
0 traders viewing now