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Similarity: A Practical Approach

  • #41
  • Jul 27, 2013 7:58am Jul 27, 2013 7:58am
Quoting jmn5611
Indicators and template {file} {file} {file} {file} {file}
Hi Jmn,

Can you pls recheck your template, I got stoch indicator instead of RSI and CI, later i added these indicator manually.
  • #42
  • Jul 27, 2013 7:59am Jul 27, 2013 7:59am
BTW, you can all call me Joe. That is easier to type than jmn5611.
If you are good at something, never do it for free--Joker
  • #43
  • Jul 27, 2013 7:59am Jul 27, 2013 7:59am
Quoting mario777
{quote} In your chart example, where do you supposed to trade? buy or sell?
Putting my normal traders hat on, rather than the similarity one, I can see negative divergence on the RSI so under the normal ideas for trading I would be looking to sell but that little green zone above could attract like a black hole then we could get the fall after. If I got straight into a trade from this point on the chart I know I would close half at the red lines.

HOWEVER
Jmn says It needs to move far enough away for price to breach the BB, a semaphor and zigzag must also have formed.

So that may imply shorting at the top red line and vice versa?????
  • #44
  • Jul 27, 2013 8:00am Jul 27, 2013 8:00am
Quoting pundit78
{quote} Hi Jmn, Can you pls recheck your template.
Yes, please post a pic so I can see what I missed.
If you are good at something, never do it for free--Joker
  • #45
  • Jul 27, 2013 8:01am Jul 27, 2013 8:01am
Quoting taypot
{quote} Putting my normal traders hat on, rather than the similarity one, I can see negative divergence on the RSI so under the normal ideas for trading I would be looking to sell but that little green zone above could attract like a black hole then we could get the fall after. If I got straight into a trade from this point on the chart I know I would close half at the red lines. HOWEVER Jmn says It needs to move far enough away for price to breach the BB, a semaphor and zigzag must also have formed. So that may imply shorting at the top red line...

Maybe. This is why price action is so important. DZ zones are dynamic and depend on price action. Tomorrow we can see where I was right and where I messed up, and we can sharpen the concept.
If you are good at something, never do it for free--Joker
  • #46
  • Jul 27, 2013 8:03am Jul 27, 2013 8:03am
Please understand that I am a learner just like all of you here. I am not the Guru. I will never be a Guru. I will always be a learner. I am just putting out ideas. If I am wrong, I can learn from you just as you can from me.
If you are good at something, never do it for free--Joker
  • #47
  • Jul 27, 2013 8:06am Jul 27, 2013 8:06am
Quoting jmn5611
{quote} Please post a pic so I can see what errors I may have made.
Hi jmn5611,

Attached is the chart using the template given.

Roy
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 49 KB
  • #48
  • Jul 27, 2013 8:08am Jul 27, 2013 8:08am
Quoting RoyPK
{quote} Hi jmn5611, Attached is the chart using the template given. Roy {image}
You also have to download the indicators.
  • #49
  • Jul 27, 2013 8:09am Jul 27, 2013 8:09am
Quoting jmn5611
{quote} Yes, please post a pic so I can see what I missed.
This what it looks like.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 23 KB
  • #50
  • Jul 27, 2013 8:10am Jul 27, 2013 8:10am
Quoting RoyPK
{quote} Hi jmn5611, Attached is the chart using the template given. Roy {image}
Okie dokie, I really messed that up badly!
Attached File(s)
File Type: tpl !similarity.tpl   5 KB | 627 downloads
If you are good at something, never do it for free--Joker
  • #51
  • Jul 27, 2013 8:12am Jul 27, 2013 8:12am
Quoting Madmoney
{quote} You also have to download the indicators.
This is after downloading the indicators.
  • #52
  • Jul 27, 2013 8:13am Jul 27, 2013 8:13am
Quoting Madmoney
{quote} You also have to download the indicators.
I think I forgot to save the most recent template. If the template does not look like post one, then I messed up. That is why I waited till the weekend to do this. I am forgetful.
If you are good at something, never do it for free--Joker
  • #53
  • Jul 27, 2013 8:14am Jul 27, 2013 8:14am
Quoting pundit78
{quote} This is after downloading the indicators.
Try it now.
If you are good at something, never do it for free--Joker
  • #54
  • Jul 27, 2013 8:18am Jul 27, 2013 8:18am
Quoting jmn5611
{quote} Try it now.
Hi Joe,

It is O.K. now. Thanks.

Roy
  • #55
  • Jul 27, 2013 8:19am Jul 27, 2013 8:19am
Hi Joe,
It's interesting to see you open another thread for us "students" of similarity to discuss and learn more about it.
That's a good idea!
  • #56
  • Jul 27, 2013 8:25am Jul 27, 2013 8:25am
Quoting xixi
Hi Joe, It's interesting to see you open another thread for us "students" of similarity to discuss and learn more about it. That's a good idea!
Well, we got locked out. I never got a chance to post my ideas. You are a coder, and if you can contribute in any way, feel free. If I get 1,000,000 vouchers, I will never lock this thread. Like the people's Pope, who I believe is the greatest Pope in my lifetime, I would like to be a thread for anyone to come and contribute. Any way they feel like it, as long as we can be in a general direction. Just my tiny grain of sand in the ocean.
If you are good at something, never do it for free--Joker
  • #57
  • Jul 27, 2013 8:31am Jul 27, 2013 8:31am
Quoting mario777
{quote} jmn hi! thanks for starting this thread. Hope to understand more. I have question. What made you decide about the two DS candles? I can see some DS candles between the two you have drawn.

Yes, correct. If you look at price action, though, those prior zones have been taken out. If the high or low of a zone get taken out, that zone goes away, because price has corrected it. If a zone is more than two weeks old, it "expires"
If you are good at something, never do it for free--Joker
  • #58
  • Jul 27, 2013 8:40am Jul 27, 2013 8:40am
Quoting taypot
{quote} Putting my normal traders hat on, rather than the similarity one, I can see negative divergence on the RSI so under the normal ideas for trading I would be looking to sell but that little green zone above could attract like a black hole then we could get the fall after. If I got straight into a trade from this point on the chart I know I would close half at the red lines. HOWEVER Jmn says It needs to move far enough away for price to breach the BB, a semaphor and zigzag must also have formed. So that may imply shorting at the top red line...
This is what next week is for. Finding DZ and watching how price acts. This is not a mechanical system. We have to look at price action, relative to other DZ and see how it acts.

I would like to see price move away from a DZ to the point where we get the sema, the zigzag, and price is above or below the BB. Then I would place a trade to target the most recent DZ with a stop below or above the last swing. Of course, your own money management rules apply.
If you are good at something, never do it for free--Joker
  • #59
  • Jul 27, 2013 8:46am Jul 27, 2013 8:46am
Quoting xixi
Hi Joe, It's interesting to see you open another thread for us "students" of similarity to discuss and learn more about it. That's a good idea!
Hi Xixi, great to see you here! I like your indicator as it shows the start and trade out of the pink zone, only leaving the remaining untraded zone in green, but why do you think Ralome's was further adapted by Eurusdd into rv1 and rv2? Why didn't he use yours? I needed to try out the two rv1 and rv2 so i had to switch back. Did you produce a rv2 equivalent as it would be very useful?
  • #60
  • Jul 27, 2013 8:54am Jul 27, 2013 8:54am
Quoting jmn5611
{quote} This is what next week is for. Finding DZ and watching how price acts. This is not a mechanical system. We have to look at price action, relative to other DZ and see how it acts. I would like to see price move away from a DZ to the point where we get the sema, the zigzag, and price is above or below the BB. Then I would place a trade to target the most recent DZ with a stop below or above the last swing. Of course, your own money management rules apply.

Yes, sounds like we are on same wavelength. Off out now but thanks again Jim, think we needed this to explore ideas further. I had spent a week trying to figure the Sim system out just to be locked out just when getting somewhere and no more questions/opinions allowed unless already on the right level. So this is great and I hope vlady joins us!
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