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The similarity system

  • #3,161
  • Jul 19, 2013 12:56am Jul 19, 2013 12:56am
I go to sleep and you all dare to create 6 more pages??

  • #3,162
  • Edited 2:45am Jul 19, 2013 12:56am | Edited 2:45am
Quoting rockrobb
{quote} Trying to do what Juhanimi did on post 3083 ZZ top to ZZ top,again??? Bollinger Bands is 24 TF 5minutes Any comment? {image}

Is it ZigZag? Maybe it's tired Try attached version. Settings: 0 / 24 / 2.0 (or 0 / 12 / 2.0 to be more sensitive)
Attached Image (click to enlarge)
Click to Enlarge Name: zz-nonlag_ed.png Size: 37 KB
Attached File(s)
File Type: mq4 NonLagZigZag_v2.02.mq4   7 KB | 463 downloads
Don't try to buy at the bottom or sell at the top Bernard Baruch
  • #3,163
  • Jul 19, 2013 12:59am Jul 19, 2013 12:59am
Don't post much; still wrapping my head around all these..(reading pipthief and FXwranglers' postings the third time..I am not very clever with maths)

BUT just want to thank EURUSDD for giving us all these to start with

AND Pipthief and FXWragler and all the rest for bringing it this far..

4xxxx
  • #3,164
  • Jul 19, 2013 1:03am Jul 19, 2013 1:03am
Quoting Eurusdd
NOTICE that I bought exactly at the area close to 1.3082!!! That is the key number I provided earlier before the FAKE fall during the day. I closed this trade @1.31450.
I learn another from you Eurusdd, we may not be greedy If the price is NEAR our target just close it (if profit), we must not wait until it hit the target. You close your order about 10 pips from the target. It's nice .... greddy is dangeruous ... thank you
  • #3,165
  • Jul 19, 2013 1:30am Jul 19, 2013 1:30am
Quoting Madmoney
{quote} I experimented with 900/24.
i just finished catching up on the thread. I believe the 900 refers to the kPerîod of the stochastic. What is the 24 referencing?it is hard to find the post explaining this as the thread has grown rapidły. Thx.
  • #3,166
  • Jul 19, 2013 1:30am Jul 19, 2013 1:30am
Finally caught up! Well.....I've read all the posts anyway but my brains still on page one!
Keep smiling
  • #3,167
  • Jul 19, 2013 1:32am Jul 19, 2013 1:32am
Quoting cfdtaleong
{quote} Another rambling sorry my brain is really going overdrive right know and I don't want to waste the momentum. Please understand I'm not insisting I am right I just want to put forth for discussion so we all have progress. My "theory" for the born and unborn as S/R is likely only valid if current PA is between them. My suggestion for why the unborn/pregnancy on the left of chart failed as S/R is below, but they based on the assumption that there is no zone below. So if there is no zone below then... 1)PA is not between a born and unborn...
That, my friend is alot better.

See what happened last night? I was wondering if that move back up to 3122 was a fake or not. But I think I've learned something extra about ZZ indicator and the Bollinger. Once it prints.... you have to make a trading decision as to where the next ZZ Top or Bot is LIKELY TO OCCUR. I reasoned that it must be OUTSIDE BB and cross the MID and be LOWER THAN THE ZZ TOP PRICE... I estimated around 3100..... it printed lower than that at 3090ish!

And based on our discussions last night it went INSIDE the pregnancy zone. Yes it acted as support....but at least it avoids the confusion of what price is it meant to stop at.... we know one thing.... IT WASN'T SUPPOSED TO CLEAR IT!

Well done sir... I think we're both getting there!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.jpg Size: 462 KB
A pip is only worth it if you know how much you risked to earn it
  • #3,168
  • Jul 19, 2013 1:34am Jul 19, 2013 1:34am
Quoting PiPtHiEf
As predicted.... similarity started at 1:45 am GMT {image}
Excellent Excellent Excellent!!!


This was one of the key posts I'm going to be interested in incorporating the ZZ/BB concept to!
Your efforts are exemplary!
A pip is only worth it if you know how much you risked to earn it
  • #3,169
  • Edited 1:49am Jul 19, 2013 1:37am | Edited 1:49am
Quoting FXWrangler
{quote} I am on the same track as you as far as analyzing the 'why' of this. You are spot on and I would like to add a few things that should bring the rest of it to light. WARNING: THIS IS COMPLICATED AND WILL PUT YOU TO SLEEP BUT IT PROVES OUT. Not only can you tell exactly when the DS will begin, you can, with a fair degree of accuracy tell which way price is going to go during the DS and after. Here's how: 1. Since the stoch range is determined by the lowest and highest price (just find them with the ZZ swings) during the past 300 bars, you...
This is exactly why I think that PREGNANCY PERIODS are not as important as the BORN BABY. The swing has to happen firs to let us know what sequence NEXT will be!

FXWrangler THIS IS GOLD! THANK YOU!
A pip is only worth it if you know how much you risked to earn it
  • #3,170
  • Jul 19, 2013 1:38am Jul 19, 2013 1:38am
Quoting juhanimi
{quote} almost perfect for two days, had to close few trades with small minus, have to sleep too, sometimes something like 600 pips for two days {image}
Incredible. Congratulations.
Do you use SL?
When do you close the trade?
Thanks in advanced.
  • #3,171
  • Jul 19, 2013 1:40am Jul 19, 2013 1:40am
Quoting rockrobb
{quote} Trying to do what Juhanimi did on post 3083 ZZ top to ZZ top,again??? Bollinger Bands is 24 TF 5minutes Any comment? {image}
I don't get the same chart Rob. That must be your broker! ZZ must alternate!
A pip is only worth it if you know how much you risked to earn it
  • #3,172
  • Jul 19, 2013 1:45am Jul 19, 2013 1:45am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Morning All,

I like the way this thread is developing. Some really good comments last night will be interested to see where it takes us.

Me personally I am trying to figure out how to determine where price will be in relation to the forming dissimilarity zone once it appears.

In the meantime I will treat the dissimilarity zones as S/R and try to trade off of them. I am short on my demo account at the moment from that top zone for the following reasons.

1. It acts as Resistance
2. All of the other uncleared dissimilarity zones are below.
3. Eurusdd stated that it was STRONG resistance
4. That COULD be a valid ZZ top (need confirmation)

Just a few of my thoughts.

Regards

Neio
An expert is a man who has made all the mistakes which can be made
  • #3,173
  • Jul 19, 2013 1:49am Jul 19, 2013 1:49am
Quoting PiPtHiEf
Ok, let see if I've got this right. If my math is correct, current disimilarity will end at 1:45 AM GMT. By the way... this is all based on the current indicators. Eurusdd did mention there were not perfect. Yet, if I've got my math right, it should end there. Give a +/- 1 candle as I am currently calculating manually and I could have made a mistake {image}
Hi Pipthief,

Could you explain how do you calculate it ?

Thank you
  • #3,174
  • Jul 19, 2013 1:55am Jul 19, 2013 1:55am
Quoting Neio
Morning All, I like the way this thread is developing. Some really good comments last night will be interested to see where it takes us. Me personally I am trying to figure out how to determine where price will be in relation to the forming dissimilarity zone once it appears. In the meantime I will treat the dissimilarity zones as S/R and try to trade off of them. I am short on my demo account at the moment from that top zone for the following reasons. 1. It acts as Resistance 2. All of the other uncleared dissimilarity zones are below. 3. Eurusdd...
I have a similar read. Short from 1.3135, looking to take out the DZ below. However, Eurusdd also is expecting 1.3183 to get taken out too I believe. therefore half position on this trade for me. We are also right at the monthly pivot, if anyone follows those as well.my target for this trade is only 1.3105, just above the top of the recent DZ. reason being the 1.31 roundie.
  • #3,175
  • Jul 19, 2013 1:57am Jul 19, 2013 1:57am
Short @ 3133

This could spike up but there can't be a swing ZZ Bottom!
A pip is only worth it if you know how much you risked to earn it
  • #3,176
  • Jul 19, 2013 1:58am Jul 19, 2013 1:58am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting panamamike
{quote} I have a similar read. Short from 1.3135, looking to take out the DZ below. However, Eurusdd also is expecting 1.3183 to get taken out too I believe. therefore half position on this trade for me. We are also right at the monthly pivot, if anyone follows those as well.my target for this trade is only 1.3105, just above the top of the recent DZ. reason being the 1.31 roundie.
I think 1.3183 was a typo that was corrected to 1.3158?

Quoting Eurusdd
{quote} 1.31583. sorry. There is a technical problem there and for purely technical reasons - not fundamentals - price can run there.
An expert is a man who has made all the mistakes which can be made
  • #3,177
  • Jul 19, 2013 1:59am Jul 19, 2013 1:59am
Quoting Neio
I think 1.3183 was a typo that was corrected to 1.3158?
Not sure, hard to remember. Anyway, I am confident in the reasons for the trade, my risk, and MM.
  • #3,178
  • Jul 19, 2013 2:02am Jul 19, 2013 2:02am
Quoting Neio
I think 1.3183 was a typo that was corrected to 1.3158?
Not sure, hard to remember. Anyway, I am confident in the reasons for the trade, my risk, and MM. normally I do it trade Fridays with my other manual systems. I have not read anything about that here though.
  • #3,179
  • Jul 19, 2013 2:02am Jul 19, 2013 2:02am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting panamamike
{quote} Not sure, hard to remember. Anyway, I am confident in the reasons for the trade, my risk, and MM.
If it does continue up and take out this zone my question was where would it go next. There are no zones above this big zone so in my mind it has to return back down anyway. Unless it just keeps on creating zones above and allows the zones below to expire!
An expert is a man who has made all the mistakes which can be made
  • #3,180
  • Jul 19, 2013 2:03am Jul 19, 2013 2:03am
Quoting Neio
{quote} I think 1.3183 was a typo that was corrected to 1.3158? {quote}
This is correct. He exited his position at 3145.
A pip is only worth it if you know how much you risked to earn it
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