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The similarity system

  • #4,641
  • Jul 25, 2013 10:10am Jul 25, 2013 10:10am
0.32
  • #4,642
  • Jul 25, 2013 10:12am Jul 25, 2013 10:12am
similarity can let you know how long a level will be potent!!! 0.27 now for eurusd.
  • #4,643
  • Jul 25, 2013 10:14am Jul 25, 2013 10:14am
1.32338 @ 0.13 now.
  • #4,644
  • Jul 25, 2013 10:15am Jul 25, 2013 10:15am
1.32338 @ 0.03 now! From this point eurusd should either fall or be free to just go a little above 1.32338.
  • #4,645
  • Jul 25, 2013 10:16am Jul 25, 2013 10:16am
Quoting Eurusdd
{quote} 1.32338 @ 0.51. below 0.5, we will have a 50:50 chance price will close above her.
Three Stoch 100% and semafor mismatches (no dots printed). So it definitely needs to break level and print a new high - but I don't know when. I am making good money trading these mismatches.
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  • #4,646
  • Jul 25, 2013 10:17am Jul 25, 2013 10:17am
1.32338 @ 0.00 now. eurusd is totally free now to close above 1.32338 - if she wants to.
  • #4,647
  • Jul 25, 2013 10:18am Jul 25, 2013 10:18am
but one thing I do not understand. The principle of similarity refers to the agreement between two TF not?
If you make or get operation node dis-similarity, it would not be reliable has not. Could you shed some light on that concept?
Thank you very much and really amazing
  • #4,648
  • Jul 25, 2013 10:18am Jul 25, 2013 10:18am
Quoting Eurusdd
a value closer to 0.1 and eurusd is free to go above her. 0.40 now. a lot of people trade resistance/support levels but they can't really figure out how long a given level will hold strong and what is the rate of resistance/support depreciation!
many teach how the support and resistance get stronger and weaker by the number of times they are touched and bounce or using theory of confluence to see how many indi's agree to a price point to know how strong or week they also which one's the price is more attracted to (similar to taking out zones here) but Rate of depreciation??? I dont know. hint?
  • #4,649
  • Jul 25, 2013 10:19am Jul 25, 2013 10:19am
Quoting Eurusdd
0.32
Hey EURUSDD, good to see you around.

I'm wondering if you are calculating this probability from OHLC information as each candle presents, or closes to be more accurate?

Daz.
Keep smiling
  • #4,650
  • Jul 25, 2013 10:21am Jul 25, 2013 10:21am
The 1EMA is key! during the resistance period, the 1ema is supposed to stay above/below the number.
  • #4,651
  • Jul 25, 2013 10:23am Jul 25, 2013 10:23am
Quoting hepsibah
{quote} Three Stoch 100% and semafor mismatches (no dots printed). So it definitely needs to break level and print a new high - but I don't know when. I am making good money trading these mismatches. {image}

Hi Hepsibah can you post your stochastic indicator and settings at all?

Thanks.
  • #4,652
  • Jul 25, 2013 10:31am Jul 25, 2013 10:31am
Quoting Sixfour
{quote} Hi Hepsibah can you post your stochastic indicator and settings at all? Thanks.

I do tend to change them a bit but it doesn't seem to matter overmuch as long as the semafor and stochastic settings match. At the moment, my semafor periods are: 13, 39, 117 with matching stochastics below i.e. 13,1,1; 39,1,1; 17,1,1 (and they must be set to use close/close. If you get a mismatch, note the price and start building a position as it moves away from it. Sometimes they get taken out quite quickly but I had one early this morning that took about four hours - by which time, I had a very nice position built and took 80 pips.

The methodology is all in Eurusdd's thread which unfortunately had too many rude people posting so it didn't progress.

A fourth mismatch has now happened.
  • #4,653
  • Jul 25, 2013 10:32am Jul 25, 2013 10:32am
Quoting Eurusdd
a value closer to 0.1 and eurusd is free to go above her. 0.40 now. a lot of people trade resistance/support levels but they can't really figure out how long a given level will hold strong and what is the rate of resistance/support depreciation!
Eurusdd - I appreciate you posting this information, but I am curious as to how your coming up with the rate of decay number?
  • #4,654
  • Jul 25, 2013 10:34am Jul 25, 2013 10:34am
sorry, I should have said this was Eurusdd's other thread http://www.forexfactory.com/showthread.php?t=435149

It doesn't need any guesswork to see if there is a mismatch and a lot of these price points don't show up in the coloured zones. It's well worth experimenting with!
  • #4,655
  • Jul 25, 2013 10:39am Jul 25, 2013 10:39am
there we go, a new yellow (period 117) has now printed after four previous mismatches (never had that many before).
  • #4,656
  • Jul 25, 2013 10:40am Jul 25, 2013 10:40am
sorry, here's the image
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  • #4,657
  • Jul 25, 2013 10:49am Jul 25, 2013 10:49am
Quoting hepsibah
sorry, I should have said this was Eurusdd's other thread http://www.forexfactory.com/showthread.php?t=435149 It doesn't need any guesswork to see if there is a mismatch and a lot of these price points don't show up in the coloured zones. It's well worth experimenting with!
  • #4,658
  • Jul 25, 2013 10:50am Jul 25, 2013 10:50am
Quoting hepsibah
{quote} I do tend to change them a bit but it doesn't seem to matter overmuch as long as the semafor and stochastic settings match. At the moment, my semafor periods are: 13, 39, 117 with matching stochastics below i.e. 13,1,1; 39,1,1; 17,1,1 (and they must be set to use close/close. If you get a mismatch, note the price and start building a position as it moves away from it. Sometimes they get taken out quite quickly but I had one early this morning that took about four hours - by which time, I had a very nice position built and took 80 pips. The...
  • #4,659
  • Jul 25, 2013 11:03am Jul 25, 2013 11:03am
Quoting ffpips
{quote} many teach how the support and resistance get stronger and weaker by the number of times they are touched and bounce or using theory of confluence to see how many indi's agree to a price point to know how strong or week they also which one's the price is more attracted to (similar to taking out zones here) but Rate of depreciation??? I dont know. hint?
i think it is question about what is situation, is it trend or range, so they are different, now eurusd is like in range, and usually after trending and then sideways, it is like collecting power to move to trending again, or false spike in trend direction and trend turns
trend turning points are usually those where we/normal people get in trouble, and when trending usually one touch is enough
just have to think where price is, what is going on
  • #4,660
  • Jul 25, 2013 11:42am Jul 25, 2013 11:42am
here one way to use volume to help with trading, use h1, and look where big volumes are, i don`t want to explain this more, it is just common sense, where is money
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