Similarity: A Practical Approach | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Similarity Trading - The ZZBB Method 215 replies

Rainbow similarity 256 replies

Help implementing zigzag similarity concept indicator 0 replies

Similarity Stuff 17 replies

Directional Similarity 0 replies

Attachments: Similarity: A Practical Approach
Exit Attachments

Similarity: A Practical Approach

  • #81
  • Jul 28, 2013 5:06am Jul 28, 2013 5:06am
much better
Attached Image (click to enlarge)
Click to Enlarge Name: eurcadh4.png Size: 43 KB
  • #82
  • Jul 28, 2013 5:10am Jul 28, 2013 5:10am
Quoting juhanimi
much better {image}
That looks interesting!
Do the fractals repaint much?
If not, your "double fractals" indicator could be great for determining short term trend changes in the longer trend!??
  • #83
  • Jul 28, 2013 5:13am Jul 28, 2013 5:13am
Quoting spufuz
{quote} That looks interesting! Do the fractals repaint much? If not, your "double fractals" indicator could be great for determining short term trend changes in the longer trend!??
yes, and looks like real SR-levels in future too

no they do not repaint
  • #84
  • Jul 28, 2013 5:17am Jul 28, 2013 5:17am
Quoting juhanimi
{quote} yes, and looks like real SR-levels in future too no they do not repaint
Yes that 1.3302 line looks like really strong S/R.
I must dig into this later and see how they line up with the zones etc.!
How did you get the fractal indicator to only show double fractals?
Would you like to share the indicator?
  • #85
  • Jul 28, 2013 5:20am Jul 28, 2013 5:20am
editing picture with paint, no indi, maybe someone here can do that?
i believe that is fractal dimension with higher math?
  • #86
  • Jul 28, 2013 5:21am Jul 28, 2013 5:21am
Quoting juhanimi
editing picture with paint, no indi, maybe someone here can do that? i believe that is fractal dimension with higher math?


Yes it would be awesome if someone could make one!
  • #87
  • Jul 28, 2013 5:47am Jul 28, 2013 5:47am
also in stoch-bb-zz method, stoch 24-1-1 looks much better than 300-1-1, so everything else is 24 period and stoch 300, i do not understand that
  • #88
  • Jul 28, 2013 5:48am Jul 28, 2013 5:48am
Quoting juhanimi
much better {image}
Fractals will re-paint if it doesn't have to its 5bar set up....

Its formed by two previous candles a top/bottom and then another two lower/higher before it a confirm fractal....

Just be carefully because until the 5 candles confirm the top or bottom it's normally too late....

Would add chart but not a home!

Good luck
  • #89
  • Jul 28, 2013 5:50am Jul 28, 2013 5:50am
Quoting josh11
{quote}Just be carefully because until the 5 candles confirm the top or bottom it's normally too late.
not late when used in future sr-levels, let price come to you said our master
  • #90
  • Jul 28, 2013 5:59am Jul 28, 2013 5:59am
Quoting juhanimi
{quote} not late when used in future sr-levels, let price come to you said our master
Juhanimi, definitely worth checking out.
What you do is a reflection of you....what I do is a reflection of me.
  • #91
  • Jul 28, 2013 6:39am Jul 28, 2013 6:39am
Quoting juhanimi
also in stoch-bb-zz method, stoch 24-1-1 looks much better than 300-1-1, so everything else is 24 period and stoch 300, i do not understand that

i use stoch and bb for years with set stoch 72-1-1 and bb 18 in every TF. it's work for me.. lol

Attached Image (click to enlarge)
Click to Enlarge Name: 20130728-183258 EU H1 sto 72 bb 18 env 9.jpg Size: 673 KB
  • #92
  • Jul 28, 2013 6:46am Jul 28, 2013 6:46am
Hello Joe and Fellow Similarity Students,

Firstly thank you to Joe (jmn5611) for starting this discussion thread. I personally think that the separation of the threads is practically important so that (a) original authors can post their own thoughts without having their thread turn into a fully fledged classrom and (b) for followers of various skills, experience and knowledge of the topic to learn from each other. Having all these posts in one room is just unmanageable. So Joe, thank you for your initiative.

Now only 5 pages in, I see the same questions popping up from the Main thread as to "what" and "why" we are doing what we are doing. I've been thinking about this all weekend and the simplest way I can describe it is that:

SIMILARITY = constant trending momentum on all timeframes.

DISSIMILARITY = a change or disruption to that time frame in one or more timeframes.

When we are trending a strong bull market that lasts for months.... you would generally find that we have more up days and a few retracement days. But after a strong bull trend and a crash is imminent, that change doesn't occur on the 5M or 15M... it has to occur on all timeframes.

This change in trend isn't a synchronised event across all traders and investors. Some will have more knowledge than others. Some may be instigating the change. If trades were put in that disrupted the flow of the underlying trend - then we are sure to see a blimp in the smoothness of the price trend.

Therefore the mysterious black hole - is nothing more than identifying an arbitrage moment or opportunity from price. And the mathematics behind it (I'm not a a mathematician at all) is "similar" no pun... to something else I do understand called sympathetic resonance. If an object (eg. price) is resonating, it will affect other instrumentation that resonates at the same frequency. The moment that it doesn't - you will be able to detect it, which signifies a CHANGE.

So I think some of the people here are starting to cotton on to the fractal nature of similarity. I think that is the way forward.
You can use any instrumentation of price... as long as the scale on the graph is made to be the same across all timeframes... then you will be able to spot a dissimilarity.
A pip is only worth it if you know how much you risked to earn it
  • #93
  • Jul 28, 2013 6:51am Jul 28, 2013 6:51am
Great idea to open a thread for the "similarity - students" and people who aren't allowed to post in Eurusdd' s great thread but also want to figure out a system with a clear approach . Thanks Joe. Hope we can develop and find interesting things and views to similarity here too. Will post my view about similarity and things I noticed soon. see you guys on Monday!
  • #94
  • Jul 28, 2013 6:56am Jul 28, 2013 6:56am
I agree vlady. One could use the price itself for the detection of similarities?, Without any indicator.
  • #95
  • Jul 28, 2013 7:00am Jul 28, 2013 7:00am
Quoting Ezzy
{quote} Juhanimi, definitely worth checking out.
eu daily
Attached Image (click to enlarge)
Click to Enlarge Name: eurusddaily.png Size: 40 KB
  • #96
  • Jul 28, 2013 7:07am Jul 28, 2013 7:07am
Quoting vlady1974
SIMILARITY = constant trending momentum on all timeframes. DISSIMILARITY = a change or disruption to that time frame in one or more timeframes. When we are trending a strong bull market that lasts for months.... you would generally find that we have more up days and a few retracement days. But after a strong bull trend and a crash is imminent, that change doesn't occur on the 5M or 15M... it has to occur on all timeframes. This change in trend isn't a synchronised event across all traders and investors. Some will have more knowledge than others....
Great explanation! Thank you! Would give you a vouch for that, if I could.
  • #97
  • Jul 28, 2013 7:10am Jul 28, 2013 7:10am
Quoting burnssss
I agree vlady. One could use the price itself for the detection of similarities?, Without any indicator.
Someone told me this many many years ago. But he was a programmer / mathematician... funny how that is.
I don't know how to implement this.

The practical problem is that a charting software instantly defines the timeframe you are watching. The concept of looking at the last 300 bars then creates an indicator anomaly. You need to something to read all timeframe data at the same time.
A pip is only worth it if you know how much you risked to earn it
  • #98
  • Jul 28, 2013 7:15am Jul 28, 2013 7:15am
Quoting vlady1974
{quote} Someone told me this many many years ago. But he was a programmer / mathematician... funny how that is. I don't know how to implement this. The practical problem is that a charting software instantly defines the timeframe you are watching. The concept of looking at the last 300 bars then creates an indicator anomaly. You need to something to read all timeframe data at the same time.
Let's expand this a bit more.

WHAT IS PRICE?

For MT4... price is a discrete value.... but actually.... on a charting software. "PRICE" is actually a co-ordinate. X/Y.... x is a nominal value against time. TIME then is your problem. Because Time is relative.... but it defines the price HISTORY. So really.... Dissimilarity is a disruption in the flow of historical trend.

Maybe we are wrong... we have to find a way to flatten price into one index to allocate to price? Will dissimilarities at the 5M ripple up into one big dissimilarity in the 30M or 1H?? These are the ideas I am wrestling with at the moment.
A pip is only worth it if you know how much you risked to earn it
  • #99
  • Jul 28, 2013 7:17am Jul 28, 2013 7:17am
Quoting vlady1974
{quote} Someone told me this many many years ago. But he was a programmer / mathematician... funny how that is. I don't know how to implement this. The practical problem is that a charting software instantly defines the timeframe you are watching. The concept of looking at the last 300 bars then creates an indicator anomaly. You need to something to read all timeframe data at the same time.
I agree, so whatever we use, do we need to see dissimilarity from the top down, or from the bottom up? Connie Brown says we should look for indicator anomalies from the Month down to your trading frame. So if you see dissimilarity from on the monthly, weekly, daily, and finally hourly time frame we should pull the trigger. Do you agree or would you look from M1 up?
If you are good at something, never do it for free--Joker
  • #100
  • Jul 28, 2013 7:20am Jul 28, 2013 7:20am
Quoting spufuz
{quote} Great explanation! Thank you! Would give you a vouch for that, if I could.
I need two more vouches before I can vouch for others. Believe me, I have a list
If you are good at something, never do it for free--Joker
3 traders viewing now