The similarity system | Page 175 | 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

  • #3,481
  • Jul 19, 2013 1:39pm Jul 19, 2013 1:39pm
NOW EURUSD is firmly under 1.3145 !!! Isn't that beautiful. Who said forex-trading is 100% luck? Please spend a day on this thread. We will convert you.
  • #3,482
  • Jul 19, 2013 1:39pm Jul 19, 2013 1:39pm
Quoting Eurusdd
​But this will not ALWAYS be the case because the indicator we are using is not the "best". There are cases whereyour claim will fail: However, what most of you have FAILED to learnr is this: The orIginal principle states that price MUST return to the level where the dis-similarity was FIRST DETECTED. So, even if price returns there and the zone has not yet appeared (according to Ralome's indicator), the CONDITION IS DONE!!!!! GET THIS RIGHT!!!!
I do not wait for the indicator to draw the zone, I place a horizontal line at the high and the low as soon as the indicator identifies a dis similarity.

Watch what price does around here too, BEFORE the indicator draws it.
  • #3,483
  • Jul 19, 2013 1:40pm Jul 19, 2013 1:40pm
Quoting cfdtaleong
{quote} PRICE WILL ALWAYS CLEAR THE FREAKING ZONE FROM THE OPPOSITE DIRECTION THAT CREATED IT


LOL... why you crying?????
  • #3,484
  • Jul 19, 2013 1:54pm Jul 19, 2013 1:54pm
Quoting Baillie
{quote} LOL... why you crying?????
All i had to do was to zoom out the chart

There is more to see I know but this 1 revealation is a gaint leap
I want more brain power!
  • #3,485
  • Jul 19, 2013 1:57pm Jul 19, 2013 1:57pm
Quoting cfdtaleong
{quote} All i had to do was to zoom out the chart There is more to see I know but this 1 revealation is a gaint leap
That is funny, I needed a good laugh today. Thanks
  • #3,486
  • Jul 19, 2013 1:58pm Jul 19, 2013 1:58pm
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Baillie
{quote} I do not wait for the indicator to draw the zone, I place a horizontal line at the high and the low as soon as the indicator identifies a dis similarity. Watch what price does around here too, BEFORE the indicator draws it.
Thanks for your posts Baillie. I do the same. I would find it useful if the indicator could do this automatically some way. Possibly marking it in a different colour from when the dissimilarity zone finished? Maybe we could have that added to the indicator by one of the programmers.
An expert is a man who has made all the mistakes which can be made
  • #3,487
  • Jul 19, 2013 2:03pm Jul 19, 2013 2:03pm
Another forecast for those who are interested: next dissimilarity will start on 07.22. 15:45 GMT.
And it will be a longer one, for around 10-11 hours.
  • #3,488
  • Jul 19, 2013 2:04pm Jul 19, 2013 2:04pm
Quoting Neio
{quote} Thanks for your posts Baillie. I do the same. I would find it useful if the indicator could do this automatically some way. Possibly marking it in a different colour from when the dissimilarity zone finished? Maybe we could have that added to the indicator by one of the programmers.
Yes, that's a good idea but I don't mind doing it by hand. It might even help people get the brain to connect with what is happening on the chart a little quicker.
  • #3,489
  • Edited 2:23pm Jul 19, 2013 2:12pm | Edited 2:23pm
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting lnorbi
Another forecast for those who are interested: next dissimilarity will start on 07.22. 15:45 GMT. And it will be a longer one, for around 10-11 hours.
This could be very useful information. If correct that could mean that the price will be ranging until that time (within the H/L of the last dissimilarity period). Incidentally this coincides with the next RED News for USD at 15:00 GMT!!!

If this information proves to be reliable we could be able to forecast how long price will be ranging and adjust our trading accordingly!!!
An expert is a man who has made all the mistakes which can be made
  • #3,490
  • Jul 19, 2013 2:15pm Jul 19, 2013 2:15pm
Quoting josh11
hey guys, hope we are all making money!! Eurusdd show us that when dis-similarity become flat it becomes good support and Resistants: Take a look at the picture this help me alot with my trades! {image}
okey thanks

weekly levels are 1.3355 and 1.2..dont remember

and if it is like water and zones are resistances, it will go to 1.3355
  • #3,491
  • Jul 19, 2013 2:27pm Jul 19, 2013 2:27pm
Quoting lnorbi
Another forecast for those who are interested: next dissimilarity will start on 07.22. 15:45 GMT. And it will be a longer one, for around 10-11 hours.
Even if you fall on your face, you're still moving forward.
  • #3,492
  • Jul 19, 2013 2:29pm Jul 19, 2013 2:29pm
Quoting Neio
{quote} This could be very useful information. If correct that could mean that the price will be ranging until that time (within the H/L of the last dissimilarity period). Incidentally this coincides with the next RED News for USD at 15:00 GMT!!! If this information proves to be reliable we could be able to forecast how long price will be ranging and adjust our trading accordingly!!!
There is one important exception to my forecast: if, before the forecasted date/time, price goes higher than 1.3177 (can happen, although unlikely) or lower than 1.3065 (very unlikely).
When the above barriers are broken, dissimilarity will begin right away.
  • #3,493
  • Jul 19, 2013 2:29pm Jul 19, 2013 2:29pm
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Ralome
{quote}
Imagine If there was an indicator that could automatically figure it all out!!! Man I wish I could program!!!
An expert is a man who has made all the mistakes which can be made
  • #3,494
  • Jul 19, 2013 2:35pm Jul 19, 2013 2:35pm
Quoting Neio
{quote} Imagine If there was an indicator that could automatically figure it all out!!! Man I wish I could program!!!
Imagine that I already imagined it I'll see what I can come up with. Although I think it won't figure all out, but many
Even if you fall on your face, you're still moving forward.
  • #3,495
  • Jul 19, 2013 2:36pm Jul 19, 2013 2:36pm
Quoting Eurusdd
But this will not ALWAYS be the case because the indicator we are using is not the "best". There are cases whereyour claim will fail: However, what most of you have FAILED to learnr is this: The orIginal principle states that price MUST return to the level where the dis-similarity was FIRST DETECTED. So, even if price returns there and the zone has not yet appeared (according to Ralome's indicator), the CONDITION IS DONE!!!!! GET THIS RIGHT!!!!
I want to ask a question on that. I assume that affects a dissimilarity detected by any method. Suppose we're using "stochastic to stochastic" method to detect dissimilarities, as it is fairly simple one and you can discern similarity from dissimilarity accurately (the readings either match or they don't). What happens if the price return to that specific level while there is still dissimilarity (the readings still don't match)? Is the condition done or does it have to be done under similarity?
  • #3,496
  • Jul 19, 2013 2:39pm Jul 19, 2013 2:39pm
Quoting Neio
{quote} Imagine If there was an indicator that could automatically figure it all out!!! Man I wish I could program!!!
It can be programmed. If I find some free time during the weekend, I will do it.
It will be able to "look ahead" exactly the same number of bars as the stochastic is set to (300 in this case).

Naturally only the time of dissim can be forecasted, where price will be at that point cannot. Maybe we can ask Eurusdd to fill us in there...
  • #3,497
  • Jul 19, 2013 2:43pm Jul 19, 2013 2:43pm
Quoting Ralome
{quote} Imagine that I already imagined it I'll see what I can come up with. Although I think it won't figure all out, but many
If Ralome can incorporate this into his excellent existing indie, I'd rather not interfere.
If Ralome doesn't have time, and you accept to have this in a separate indie, I'll do it.
As per my knowledge MT4 doesn't allow an indicator to write forward the data buffers, so it can only be a textual forecast, put on the main window. But I'll dig into it if you wish.
  • #3,498
  • Jul 19, 2013 2:44pm Jul 19, 2013 2:44pm
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting lnorbi
{quote} It can be programmed. If I find some free time during the weekend, I will do it. It will be able to "look ahead" exactly the same number of bars as the stochastic is set to (300 in this case). Naturally only the time of dissim can be forecasted, where price will be at that point cannot. Maybe we can ask Eurusdd to fill us in there...
That would be excellent!!! You would certainly get my Vouch (if I had enough vouches to be able to give them )

LOL...I feel like Eurusdd has given us so much already....
An expert is a man who has made all the mistakes which can be made
  • #3,499
  • Jul 19, 2013 2:52pm Jul 19, 2013 2:52pm
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Lol Eurusdd....Look at the DEMO Leaderboard for this week!!!


Number 4 on the board (the other two are EAs that I am testing)

Attached Image


I should change the name of it to "Eurusdd's Similarity Trading"
An expert is a man who has made all the mistakes which can be made
  • #3,500
  • Jul 19, 2013 3:22pm Jul 19, 2013 3:22pm
Quoting Neio
Lol Eurusdd....Look at the DEMO Leaderboard for this week!!! Number 4 on the board (the other two are EAs that I am testing) {image} I should change the name of it to "Eurusdd's Similarity Trading"
HAHA. Congrats.
1 trader viewing now