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The similarity system

  • #4,561
  • Jul 25, 2013 4:10am Jul 25, 2013 4:10am
You can ignore my previous post as the indi does repaint. Back to the drawing board...
  • #4,562
  • Jul 25, 2013 4:15am Jul 25, 2013 4:15am
Quoting Eurusdd
strength of 1.32203, NOW 0.87 {image} Before
Hi eurusdd, first, thank you very much for sharing with your knowledge with us. There is something in your today posts that caught my attention, this the "strenght" concept, can you explain how do you know "the strenght"?
  • #4,563
  • Jul 25, 2013 4:21am Jul 25, 2013 4:21am
Quoting juhanimi
{image}

New tools Juhanimi?
  • #4,564
  • Jul 25, 2013 4:28am Jul 25, 2013 4:28am
Hi SixFour, very good and many thanks !

My problem with your figure is this is summer time. And during summer time, we have less volatility, meaning the probability of swing trading methods being higher than breakout ones. Must be verified during last november for example.

Maybe something interresting : in the second zone, which lasts for two consecutive 24 bars candles (if i am not too far from you big guys : please correct me for everybody), i can see that the bottom of the first zone now acts as the support for the second one: can we conclude that this is two dissimilarities ?


So we would have here :

Z1 - First dissimilarity (creates Z1H and Z1-L) : price trends UP
Z2 - Second dissimilarity (creates Z2-H and Z2-L) : price trends DOWN, using Z1-H as resistance
Z3 - Third dissimilarity following second one (creates Z3-H and Z3-L) : price trends UP, using Z2-L as a support

So can we guess what will happen during the next dissimilarity ?

- Price will trend towards Z3
- If the price is above Z3, it will use Z3-H as support
- If the price is below Z3, it will use Z3-L as resistance
- If price is in Z3 : don't know !

Just an idea.
Enter Signature
  • #4,565
  • Jul 25, 2013 4:32am Jul 25, 2013 4:32am
Quoting shiva
{quote} New tools Juhanimi?
no, that is daily ema 10 in h1 with golden ratio deviation,
those green lines are true sr-levels, draw line there where mis-pricing starts,
like i said before, you probably can see these levels when spread are widening, ask/bid spread
something like that, i do still have to work with this
but Eurusdd has said everything allready about these, just have to read and re-read
  • #4,566
  • Jul 25, 2013 4:33am Jul 25, 2013 4:33am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quiet here....

I am personally expecting it to bounce here for the following reasons (I may be wrong):

1. Stoch outside BB.
2. Price outside Lower BB with ZZ
3. As already mentioned. Price is near the bottom of the previous dissimilarity zone. So should act as support.
4. Currently seeing pins with long tails in M15.

Just my thoughts. Like I say I don't know if I am right just going by what I see.

Regards

Neio
An expert is a man who has made all the mistakes which can be made
  • #4,567
  • Jul 25, 2013 4:49am Jul 25, 2013 4:49am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Neio
Quiet here.... I am personally expecting it to bounce here for the following reasons (I may be wrong): 1. Stoch outside BB. 2. Price outside Lower BB with ZZ 3. As already mentioned. Price is near the bottom of the previous dissimilarity zone. So should act as support. 4. Currently seeing pins with long tails in M15. Just my thoughts. Like I say I don't know if I am right just going by what I see. Regards Neio

hmmm...Dissimilarity has started so things have changed....
An expert is a man who has made all the mistakes which can be made
  • #4,568
  • Jul 25, 2013 4:51am Jul 25, 2013 4:51am
4 hr That Top zone is closer than bottom, also 5,3,3 bottom stoch could go up, I've taken a small buy as there are 2 rather nice zones on 1 min up to over 1.3200

fingers crossed too
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  • #4,569
  • Jul 25, 2013 4:54am Jul 25, 2013 4:54am
Quoting Eurusdd
The power of 1.32203 to resist price is NOW 0.00!!! Eurusd is free to go through now - if she wants to.
Good-day Eurusdd,
I notice the CI indicator repaints alot. Please what is the way out or is there another version of the CI indicator that do not repaint.

Kindly assist and replay please.
  • #4,570
  • Jul 25, 2013 4:58am Jul 25, 2013 4:58am
2 possibilities now. A 15 min close over 1.3193 to take out the zones with the red frames or going down to the box between 1.3150 - 1.3140.

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  • #4,571
  • Edited 5:00am Jul 25, 2013 4:59am | Edited 5:00am
Quoting FxGunner
Hi SixFour, very good and many thanks ! My problem with your figure is this is summer time. And during summer time, we have less volatility, meaning the probability of swing trading methods being higher than breakout ones. Must be verified during last november for example. Maybe something interresting : in the second zone, which lasts for two consecutive 24 bars candles (if i am not too far from you big guys : please correct me for everybody), i can see that the bottom of the first zone now acts as the support for the second one: can we conclude...

Hi FXGunner,

Please note the issue with my method previously is that the Zone constantly repaints until Dissimilarity ends. I did not fully consider this until after I had made the post! woops. For that I apologies its been a long morning!

Thus this nullifies my initial method here with the swing high/low to a certain degree. Clearly we can SEE the swing high and low of the current zone, but we cannot technically act upon it until after the zone stops repainting unless you use Shiva's method and actually trade the first semaphor that appears after the zone begins. (however as the semaphor repaints as well this is also not so accurate).



However, what you have said about the zones being used as S/R is clear. This has been noted by Eurusdd and others earlier in the thread, I can't remember how far back but perhaps someone else can remember where exactly. Try a search for some pages dealing with similarity zones acting as S/R and some should come up from this thread.
  • #4,572
  • Jul 25, 2013 5:05am Jul 25, 2013 5:05am
Quoting Richterzoo
If you can't hedge on your platform then I can't help you much! Eurusdd Thanks for all the help. It has been fun racking my brain to understand the concepts you have been bringing up. Being a US trader, and not hedging. Can't I still get a lot from your posts?
FXDD allows for hedging. Don't know about US.
  • #4,573
  • Jul 25, 2013 5:06am Jul 25, 2013 5:06am
Live trade. EUR/USD 5M

Long at first semaphor that appeared after Dissimilarity begins.

TP at current extreme high of the zone.
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  • #4,574
  • Jul 25, 2013 5:11am Jul 25, 2013 5:11am
Quoting taypot
4 hr That Top zone is closer than bottom, also 5,3,3 bottom stoch could go up, I've taken a small buy as there are 2 rather nice zones on 1 min up to over 1.3200 fingers crossed too {image}
Trade (real money!) doing ok so far, first zone on 1 min taken, next one looks likely, fingers crossed
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  • #4,575
  • Jul 25, 2013 5:19am Jul 25, 2013 5:19am
Eurusdd takes trades by 10 pips accuracy, so when mis-pricing starts 10 pips rectangle maybe ok
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  • #4,576
  • Jul 25, 2013 5:20am Jul 25, 2013 5:20am
Quoting Sixfour
Live trade. EUR/USD 5M Long at first semaphor that appeared after Dissimilarity begins. TP at current extreme high of the zone. {image}

TP hit for +11.5 pips.
  • #4,577
  • Jul 25, 2013 5:21am Jul 25, 2013 5:21am
Quoting taypot
{quote} Trade (real money!) doing ok so far, first zone on 1 min taken, next one looks likely, fingers crossed {image}
great, but closing most now as approaching resistance 300ma, just in case
  • #4,578
  • Jul 25, 2013 5:22am Jul 25, 2013 5:22am
juhanimi you explain your approach?. interests me and may be an option
thank you very much
  • #4,579
  • Jul 25, 2013 5:25am Jul 25, 2013 5:25am
lol, same in M5, we`ll see how this works
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  • #4,580
  • Jul 25, 2013 5:27am Jul 25, 2013 5:27am
Quoting juhanimi
Eurusdd takes trades by 10 pips accuracy, so when mis-pricing starts 10 pips rectangle maybe ok {image}
And by that you mean 10 pip S/L at each direction?
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