A pip is only worth it if you know how much you risked to earn it
Similarity: A Practical Approach
- #241
- Jul 29, 2013 5:35am Jul 29, 2013 5:35am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
This is what im looking for right now:
I would like to se price go up and close the zone and confirm a ZZ and SMA1 above BB. (Blue ring)
But price is struggling with resistance at this level (Yellow rectangles). So if we break it we might go even higher!?
Hmm, I might be far away from the truth here, but this is how I try to learn, by observing and watching what happens.
I would like to se price go up and close the zone and confirm a ZZ and SMA1 above BB. (Blue ring)
But price is struggling with resistance at this level (Yellow rectangles). So if we break it we might go even higher!?
Hmm, I might be far away from the truth here, but this is how I try to learn, by observing and watching what happens.
- #244
- Jul 29, 2013 5:46am Jul 29, 2013 5:46am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
A pip is only worth it if you know how much you risked to earn it
- #245
- Jul 29, 2013 5:52am Jul 29, 2013 5:52am
{quote} Here's a rule I discovered with another fellow Similarity poster.... apologies, can't remember who!For the template with PRICE/BB and STOCH/BB and the DS Zone Identifier at the bottom..... Important: you must have these 3 windows panes. Window 1: PRICE - normal timeframe setting. EMA = 1, Bollinger 24. All timeframes Window 2: STOCH - CAN ADJUST TO YOUR TIMEFRAME.... so 5M = 900,1,1 / 1H = 75,1,1 Window 3: DS Indicator = DO NOT TOUCH SETTING of 300 periods, 24 periods.... this should work on all timeframes. Can't remember the...
{quote} We're on the same page. But don't forget to look at other timeframes for the zones. 4H has almost the same zone and we are close to clearing it. See my post above... if you keep the same settings and flick between the tfs, you should see some zones close to being cleared. BTW... I am using both v1 and v2 of the Ralome Indicator on the same "page" applied to separate instances of the same timeframe. {image}
But im not using V1/V2 right now. Think I should.
Do you use 300,24 on both V1 and V2?
Wasn't we supposed to use 300,8 on V2? cant remember how to set it up correctly.
- #247
- Jul 29, 2013 6:12am Jul 29, 2013 6:12am
- Joined May 2009 | Status: Consistency is Key!! | 1,297 Posts
- #249
- Jul 29, 2013 6:19am Jul 29, 2013 6:19am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
{quote} Im also experimenting with same stoch period (300) on the stochdifzones! But im not using V1/V2 right now. Think I should. Do you use 300,24 on both V1 and V2? Wasn't we supposed to use 300,8 on V2? cant remember how to set it up correctly.
A pip is only worth it if you know how much you risked to earn it
- #250
- Jul 29, 2013 6:24am Jul 29, 2013 6:24am
- | Joined Oct 2008 | Status: Learning | 1,057 Posts
Quick 10 pips from 2 x double fractals (blue boxes) forming an area of resistance (yellow line). Set a sell limit, 4 pip draw down.
Juhanimi, the double fractal was posing a fairly strong level of resistance, maybe coincidence, maybe not, forward testing and time will tell.
Edit - Entry could have been better, if I waited for ZZ BB. Only demo, just playing with the concept, but thought I'd share.
Juhanimi, the double fractal was posing a fairly strong level of resistance, maybe coincidence, maybe not, forward testing and time will tell.
Edit - Entry could have been better, if I waited for ZZ BB. Only demo, just playing with the concept, but thought I'd share.
What you do is a reflection of you....what I do is a reflection of me.
- #255
- Jul 29, 2013 6:40am Jul 29, 2013 6:40am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
A pip is only worth it if you know how much you risked to earn it
- #256
- Edited 7:10am Jul 29, 2013 6:50am | Edited 7:10am
{quote} You're right actually. v2 uses 300 and 6
Got my charts set up quite good now, but Im not satisfied with the stoch/BB window. It does not match with Price/BB at other settings than 300.
900 at M5 looks ok.
But H1 at 75 and H4 at 18 or 19 does not look good at all. (It must be wrong since we don't want to see dis-similarity all the time!)
- #257
- Jul 29, 2013 6:55am Jul 29, 2013 6:55am
- Joined Oct 2012 | Status: Trade Small, Win Big | 4,988 Posts
{quote} That's right! Got my charts set up quite good now, but Im not satisfied with the stoch/BB window. It does not match with Price/BB at other settings than 300. 900 at M5 looks ok. But H1 at 75 and H4 at 18 or 19 does not look good at all. (It must be wrong since we don't har dis-similarity all the time!)
Dissimilarity is the exception. Similarity is the rule. DZ zones should be pretty rare.
If you are good at something, never do it for free--Joker
- #259
- Jul 29, 2013 7:02am Jul 29, 2013 7:02am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
{quote} That's right! Got my charts set up quite good now, but Im not satisfied with the stoch/BB window. It does not match with Price/BB at other settings than 300. 900 at M5 looks ok. But H1 at 75 and H4 at 18 or 19 does not look good at all. (It must be wrong since we don't har dis-similarity all the time!)
On H4... the last DS appeared and we changed from downtrend to uptrend. The DS closed once the bull flag was resolved and we continued up. So the FOUR HOUR trend is up... in SIMILARITY. If DS were to appear now, it would be sign of a potential change in trend (C.I.T)
A pip is only worth it if you know how much you risked to earn it
- #260
- Jul 29, 2013 7:03am Jul 29, 2013 7:03am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
{quote} Exactly! And they are, as long as I stick to stochperiod 300!
A pip is only worth it if you know how much you risked to earn it