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The similarity system

  • #4,601
  • Jul 25, 2013 6:31am Jul 25, 2013 6:31am
Hi EURUSDD.
You mentioned that Ralome's indicator identifies 60% of TRUE DS bars and I wonder if you have test Xixi's indicator and if yes what percent identifies of true DS bars?
I mean which of these two indicators is better for this "concept"?
thanks in advance.
  • #4,602
  • Jul 25, 2013 6:33am Jul 25, 2013 6:33am
Quoting mattkirby
{quote} Hi Vlady. I take my opinions from the 15 min chart ( with an eye on the 1H). With my sim system there is a zone between 1.3150 and 1.3137. I think this zone is resistance for today. Also this target matches with the ATR which is around 90 at the moment.
Do you mean the green zone here? My take is that the 15M requires a ZZTop as the next zigzag sequence. Whether this coincides with a 1H ZZTop is another question.
Attached Image
A pip is only worth it if you know how much you risked to earn it
  • #4,603
  • Jul 25, 2013 6:34am Jul 25, 2013 6:34am
but first now I' d like to see a hourly close above 1.3198 to clear a zone in my 1H chart
  • #4,604
  • Jul 25, 2013 6:37am Jul 25, 2013 6:37am
Quoting vlady1974
{quote} Do you mean the green zone here? My take is that the 15M requires a ZZTop as the next zigzag sequence. Whether this coincides with a 1H ZZTop is another question. {image}
I didn't use the MT4 zones and no ZZ. I draw my zones with hand on base of BB and stoch. Like I tried to explain yesterday in my picture.
  • #4,605
  • Jul 25, 2013 6:40am Jul 25, 2013 6:40am
Quoting mattkirby
but first now I' d like to see a hourly close above 1.3198 to clear a zone in my 1H chart
Ahhh. No worries.
Well that 1H dissimilarity has just ended, thus printing the zone above price (chart 2 posts ago I think). I agree with you that I would like price to clear this zone first.... which would then construct a 1H ZZTOP, possibly in the area of 1.3260
A pip is only worth it if you know how much you risked to earn it
  • #4,606
  • Edited 6:55am Jul 25, 2013 6:43am | Edited 6:55am
Quoting Sixfour
{quote} 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...
Hi "SixFour",

I think we can try to treat the repainting aspect of the ZigZag (inspired by Madmoney as far as i can remember and its cyclic indicator) :

1- Wait for a big signal (level 3)
2- Confirm this big signal with a small signal (level 1) for example.

Example :

1- Level 3 is a top, then
2- Wait for level 1 being a bottom
3- Wait for level 1 being a top, (thus near the big top)

I have seen last day a big level 3 being retraced higher before the level 1 confirmation and when the level 1 confirmation was there the level 3 didn't change anymore. So this is maybe a "not too bad" idea. This is absolutly not perfect ! but seems coherent with my fractal idea of the market: you have high speed oscillations/patterns within low speed oscillations/patterns.

I can't show you pictures now but sometimes i see almost the same price path at W1 or H1 for example. Incredible ! The pattern in the pattern. During the 1.30 ranging market at the begining of the year you could see big horizontal "S" and inside them, faster horizontal "S". It convinces me of the fractal nature of the market.

All that must be validated by professionnals/experience people FOR SURE: I am not sufficiently versed in mathematics to demonstrate if the market is fractal or not, and if it is at every time or not.
Enter Signature
  • #4,607
  • Jul 25, 2013 6:44am Jul 25, 2013 6:44am
Just cleared 2 longs (demo). Still keeping my Daily "Day Projection Trade" open.

It's definitely alot easier than trading Binary Options.... hmmm. Maybe I should just go back to spot trading.
A pip is only worth it if you know how much you risked to earn it
  • #4,608
  • Jul 25, 2013 6:54am Jul 25, 2013 6:54am
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}
Hey Taypot,
Sorry for being lazy... what are your settings for 1H and 15M on the CIwHistory?
A pip is only worth it if you know how much you risked to earn it
  • #4,609
  • Jul 25, 2013 6:58am Jul 25, 2013 6:58am
Quoting mattkirby
let's compare our opinions to where price is going...
At best what I have would be a guess, the only fellow I know with what is at least partly a mechanical system for doing this near conclusively is Eurusdd..but based on whats already happened today I'd say price has still has a shot at either R1 (1.32421) or S1 (1.31627) at the moment as we're right again at the daily pivot.
  • #4,610
  • Jul 25, 2013 7:20am Jul 25, 2013 7:20am
USD news in 10 min shows us the direction
  • #4,611
  • Jul 25, 2013 7:38am Jul 25, 2013 7:38am
Quoting Panos
Hi EURUSDD. You mentioned that Ralome's indicator identifies 60% of TRUE DS bars and I wonder if you have test Xixi's indicator and if yes what percent identifies of true DS bars? I mean which of these two indicators is better for this "concept"? thanks in advance.
Hi Panos,
I used same formular as Ralome's indicator to calculate the zones. So the probability is the same.
  • #4,612
  • Jul 25, 2013 7:58am Jul 25, 2013 7:58am
Quoting vlady1974
{quote} Do you mean the green zone here? My take is that the 15M requires a ZZTop as the next zigzag sequence. Whether this coincides with a 1H ZZTop is another question. {image}
Done. Not sync'd with a 1H top though... only a minor. Took a short, trading all the "3"s on the15M.
Attached Image
A pip is only worth it if you know how much you risked to earn it
  • #4,613
  • Jul 25, 2013 8:00am Jul 25, 2013 8:00am
Quoting vlady1974
{quote} Done. Not sync'd with a 1H top though... only a minor. Took a short, trading all the "3"s on the15M. {image}
took the last part of leg up agree with you on short. just got triggered on spike
I want more brain power!
  • #4,614
  • Jul 25, 2013 8:01am Jul 25, 2013 8:01am
Quoting cfdtaleong
{quote} took the last part of leg up agree with you on short. just got triggered on spike
How did you set your price? Previous top @ "3"?
A pip is only worth it if you know how much you risked to earn it
  • #4,615
  • Jul 25, 2013 8:03am Jul 25, 2013 8:03am
Quoting vlady1974
{quote} How did you set your price? Previous top @ "3"?
slightly below open of last (3) stop slightly above current (3)

edit typo
I want more brain power!
  • #4,616
  • Jul 25, 2013 8:17am Jul 25, 2013 8:17am
Quoting cfdtaleong
{quote} slightly below open of last (3) stop slightly above current (3) edit typo
I was actually wondering about that, ie. "close" before you corrected it - "how does he know it will close there?"
But doing it by Open is actually quite sensible and ingenious! Thanks for that!

I am trying to force myself to basically trade the 15M signal, then exit on the 5M brown signal... as Method 1 - Scalp.
Method 2 is to hold until the opposite 15M signal...
A pip is only worth it if you know how much you risked to earn it
  • #4,617
  • Jul 25, 2013 8:19am Jul 25, 2013 8:19am
Quoting xixi
{quote} Hi Panos, I used same formular as Ralome's indicator to calculate the zones. So the probability is the same.
Thank you xixi, for your all your support in the thread and for your fast reply. But you did something different. Your indicator is opening the DS zone in the chart whenever it give the DS and it closes the DS whenever the price come back to the DS zone independently if the DS has stop or not.
The Ralome's indicator opens the DS zone in the chart whenever the DS stop to exist and then we have the zone after the close of DS. I attach a pic to show what I mean. That's why I asked. I think that it is something interest here. So if the ralome's indicator is about 60% correct, I wonder if xixi's indicator is more or less than 60%. Thanks for your lights.
Attached Image (click to enlarge)
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  • #4,618
  • Jul 25, 2013 8:24am Jul 25, 2013 8:24am
Quoting vlady1974
{quote} Done. Not sync'd with a 1H top though... only a minor. Took a short, trading all the "3"s on the15M. {image}
Closed on the 5M "1" signal on Semafor.

After a couple of early mistakes, this is starting to come along.
A pip is only worth it if you know how much you risked to earn it
  • #4,619
  • Jul 25, 2013 8:26am Jul 25, 2013 8:26am
update, we`ll see, much to learn still
Attached Image (click to enlarge)
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  • #4,620
  • Jul 25, 2013 8:27am Jul 25, 2013 8:27am
Ok have tweaked out this method here a bit more and found some more interesting stuff with price returning to the zones.

Have attempted to clearly identify entry and exit for this and am currently in this trade in profit. Hopefully it wins

See below the method attached. This is on the EUR/AUD 5M time frame.
Attached Image (click to enlarge)
Click to Enlarge Name: euraudlong.png Size: 254 KB
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