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The similarity system

  • #4,481
  • Jul 24, 2013 2:51pm Jul 24, 2013 2:51pm
I have many people to thank for this observation so I take zero credit. I do not dare openly credit the key person in case I'm wrong and end up embarrassing the person instead. I won't write what I see either cause I can't word it properly. But something I think is useful for you to look at and come to your own conclusion and a good half of what I've written previously can be ignored lol ..

This is a specific condition for price movement so observe price when it is at or near a painted zone's lines. Observe the 1ema and stoch position relative to their own BB at that time.
I want more brain power!
  • #4,482
  • Jul 24, 2013 2:58pm Jul 24, 2013 2:58pm
Quoting blackqn
{quote} One more question, Candle #1, not any of next 300 ones? Looks I misssed some posts. Then knowing Where HH/LL was we are able to predict next possible (optional) dissim? Thus candle #1, has it be the highest/lowest of next 299? I Assume that conditions 1 and 3 or 2 and 4 must apply, is that right? And what about Stochs mentioned in 1st post? Has the way of dissim detection evolved or?
Rephrase

1)If candle #1 has a LL compared to #301
2)If candle #1 has a HH compared to #301
3)If candle #301 has the HH of all
4)If candle #301 has the LL of all

Correct me if wrong
I want more brain power!
  • #4,483
  • Jul 24, 2013 3:07pm Jul 24, 2013 3:07pm
I have still words in the back of my head that this indi detects 60% of dissimilarities. This is why I turned to first post and mentioned Stoch indi from corresponding TFs.

EDITIED: Ive noticed now that ANY of these conditions is enough
Time matters most
  • #4,484
  • Jul 24, 2013 3:09pm Jul 24, 2013 3:09pm
Quoting cfdtaleong
This is a specific condition for price movement so observe price when it is at or near a painted zone's lines. Observe the 1ema and stoch position relative to their own BB at that time.
hmmm...
My sight is obscured by clouds right now.
Feels like I have to go to the Dark side of the moon to find the answers.
Whish you where here Eurusdd
Cant get over The Wall.
  • #4,485
  • Jul 24, 2013 3:46pm Jul 24, 2013 3:46pm
Quoting cfdtaleong
{quote} Rephrase 1)If candle #1 has a LL compared to #301 2)If candle #1 has a HH compared to #301 3)If candle #301 has the HH of all 4)If candle #301 has the LL of all Correct me if wrong
1. If candle #1 has LL of all
2. If candle #1 has HH of all

3&4 were correct
Attached Image
Even if you fall on your face, you're still moving forward.
  • #4,486
  • Jul 24, 2013 3:47pm Jul 24, 2013 3:47pm
Quoting blackqn
Ive noticed now that ANY of these conditions is enough
Exactly!
Even if you fall on your face, you're still moving forward.
  • #4,487
  • Jul 24, 2013 4:17pm Jul 24, 2013 4:17pm
Quoting Ralome
{quote} Exactly!
Thanks, Is it the same as what can be got from stochs difference at different TFs, or concept changed in meantime?
Time matters most
  • #4,488
  • Jul 24, 2013 4:48pm Jul 24, 2013 4:48pm
Quoting Ralome
{quote} 1. If candle #1 has LL of all 2. If candle #1 has HH of all 3&4 were correct {image}

Am I missing something here I think on this new explanation....Because sounds to me that you gave a good example of a 300 bar trend.

Ralome In your illustration between candles #1 and #301 you have Higher Highs in between your candles (that huge peak both up and down)...I assume this was a mistake in the drawing? Correct me if I am wrong please and missed something else perhaps!

Also isn't any number of candles from #1 to #10 000 for example if you like......if #1 has a higher High (higher than any other candles in the sequence) and Number 10 001 has a lower low (lowest in the sequence) , you simply have a trend... No?

In which case is dissimilarity put this way is a possible reversal zone after X amount of candles?
  • #4,489
  • Jul 24, 2013 5:24pm Jul 24, 2013 5:24pm
Quoting Neio
Nice Recovery
If a recovery system increased your account by say, 20% (to BE), and your primary system caused the 20% loss, isn't it better to just use the recovery system to make money?
  • #4,490
  • Jul 24, 2013 6:11pm Jul 24, 2013 6:11pm
Quoting vlady1974
Testing something out on a Daily basis. Short at market {image}
Short opened @ 1.32234, closed @ 1.32169
Day closed at @ 1.31955

DOWN DAY
Anticipated based on new rules being formulated


Next day prediction: UP DAY
Long opened @ 1.31948
This one is a little more difficult as we are right on the border of some indicator thresholds. Anticipation of swing high lower than previous swing high. However, if the change occurs intraday, given PMI news releases, the day could easily turn into a DOWN DAY if the thresholds are broken.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 39 KB
A pip is only worth it if you know how much you risked to earn it
  • #4,491
  • Jul 24, 2013 6:28pm Jul 24, 2013 6:28pm
Quoting fraud
How about using Spread Indicator based on changes of 2 pairs? Any good ideas for using it, compare to this great system from EURUSDD? Indicators & templates are in archive. When red line on indicator breaks channel up, it's signal for sell and vice versa. {image} {file}
just tried spread.env indi from different view. because (i) looking for unsimilarity for EU, setting that used was (GU vs EG) and (EJ vs UJ).
Attached Image (click to enlarge)
Click to Enlarge Name: cross eurusd.PNG Size: 37 KB

dissimilarity visible from candle to candle ( moving up vs down), just guessing, minority dissimilar move marking delay or last kick to top/bottom, majority cross...., ah, just try it guys, not sure about this
  • #4,492
  • Edited 6:59pm Jul 24, 2013 6:41pm | Edited 6:59pm
Quoting Ralome
{quote} Given candles period is 300, candle #1 is oldest, candle #300 is current. Highest high of all 300 candles is HH, lowest low of all 300 candles is LL. Candle #301 will be a dissimilarity candle if: 1. Candle #1 had the LL. 2. Candle #1 had the HH. 3. Candle #301 goes higher than HH. 4. Candle #301 goes lower than LL. Dissimilarity ends if NONE of the above happens in 24 candles. If ANY of the above happens, you have to wait 24 candles again from that point.
Thank you Ralome .... now I got it ....

Edited:
And for the candle #301, we must wait for the candle to close first, before we calculate it (the calculating is begin on the OPEN of candle #302) ?
And checking ending of dissimilarity is at OPEN of candle #25 ?
  • #4,493
  • Jul 24, 2013 6:59pm Jul 24, 2013 6:59pm
Quoting Ralome
{quote} 1. If candle #1 has LL of all 2. If candle #1 has HH of all 3&4 were correct {image}
So can I said DS is just marking the HH and LL candle for the past 301 candles (which is good) but not some secret zone of "big boys clearing book etc"?
  • #4,494
  • Jul 24, 2013 8:32pm Jul 24, 2013 8:32pm
Quoting jasonckb
{quote} So can I said DS is just marking the HH and LL candle for the past 301 candles (which is good) but not some secret zone of "big boys clearing book etc"?
So far I know, this concept can predict the way big boys does ...
  • #4,495
  • Jul 24, 2013 8:51pm Jul 24, 2013 8:51pm
Quoting Ralome
{quote} 1. If candle #1 has LL of all 2. If candle #1 has HH of all 3&4 were correct {image}
Thanks for taking the trouble with the picture Ralome Can I also say that whenever a candle paints a HH/LL there is a good chance that it may be a DS candle but not necessary?
I want more brain power!
  • #4,496
  • Edited 9:37pm Jul 24, 2013 9:23pm | Edited 9:37pm
Quoting jasonckb
{quote} So can I said DS is just marking the HH and LL candle for the past 301 candles (which is good) but not some secret zone of "big boys clearing book etc"?
This is the problem with sharing forex-trading ideas on forums! Some People will never pay attention to what you say.
Ralome's indicator identifies 60% of TRUE DS bars and that is what I found out. I drew your attention to that discovery. Therefore, it is wrong to say that all zones identified by the indicator are true DS zones. The algorithm is much more complicated than the one that supports the indicator. Whatever you think you know about DS is a product of the indicator you have.
I have never released the exact process of identifying True DS zones and NO-ONE in his right mind will do that!!! There has to be a market!!!
  • #4,497
  • Edited 9:44pm Jul 24, 2013 9:31pm | Edited 9:44pm
Look at all the pages! Well this may help take the stress of picking tops and bottoms using the ZZ and Semafore, if you use them. I know I have seen some draw down as price has pushed higher than my supposed top.

Anyway, as a US trader I do not have the luxury of being able to hedge my trades. (stupid rules)
So, why stress about the entries? Use a LIMIT ORDER!

If the ZZ is at the BB Top, place a Sell Limit at the low of the ZZ Candle with a sl just above the high. Reverse for a long. Of course trading with Similarity.

Risk will be reduced and if the order is not triggered you can get in LATER with the market, also you will not be chasing the market.

As far as the losses, they should be reduced greatly along with draw down.
  • #4,498
  • Jul 24, 2013 9:34pm Jul 24, 2013 9:34pm
Quoting Baillie
Look at all the pages! Well this may help take the stress of picking tops and bottoms using the ZZ and Semafore, if you use them. I know I have seen some draw down as price has pushed higher than my supposed top. Anyway, as a US trader I do not have the luxury of being able to hedge my trades. (stupid rules) So, why stress about the entries? Use a LIMIT ORDER! If the ZZ is at the BB Top, place a Sell Limit at the low of the ZZ Candle with a sl just above the high. Reverse for a long. Of course trading with Similarity. Risk will be reduced and if...

So you are saying this is what you do? US trader as well here, can't hedge. Do you mean to put a sell order when the new zz top is formed at the low of the candle that formed it?
Please pull my head out of my ass, I am running out of oxygen...
  • #4,499
  • Jul 24, 2013 9:37pm Jul 24, 2013 9:37pm
Quoting PiPtHiEf
{quote} So you are saying this is what you do? US trader as well here, can't hedge. Do you mean to put a sell order when the new zz top is formed at the low of the candle that formed it?
YES.
  • #4,500
  • Edited 10:07pm Jul 24, 2013 9:55pm | Edited 10:07pm
Quoting Eurusdd
{quote} Like I said before - You can used any indicator you want. jUST APPLY THE SIMILARITY CONCEPT, the way you want!!! Good job.
Hi Eurusdd,

For similarity concept, can I also use a Very Repaint indicator, that use THE FUTURE CANDLES for its calculation ? Ex. 5-34-5 indicator.
edited: link http://codebase.mql4.com/2028

Thanks
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