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Similarity: A Practical Approach

  • #281
  • Jul 29, 2013 10:41am Jul 29, 2013 10:41am
I don't have fractal math skills, sorry i can't help much !

People like Burnssss has... Vote for him !
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  • #282
  • Jul 29, 2013 10:41am Jul 29, 2013 10:41am
This is view of the ranges varying in different lengths.



My definition of Similarity = the Lows must match /highs must match.

The smaller ranges moving against the main trend create the fractals.
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  • #283
  • Jul 29, 2013 10:44am Jul 29, 2013 10:44am
Quoting almo
This is view of the ranges varying in different lengths. My definition of Similarity = the Lows must match /highs must match. The smaller ranges moving against the main trend create the fractals. {image}
Yes, you want to research into Interations.
  • #284
  • Jul 29, 2013 11:32am Jul 29, 2013 11:32am
Looking at the 15M, the resistance was strong. But there was no way to know if price would clear it or not. I guess one way to look at it is instead of SL, actually put in a counter trend trade if price reverses and comes out of the zone (green).

I'm still holding onto my longs. But looks like my Daily forecast will not be successful.
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A pip is only worth it if you know how much you risked to earn it
  • #285
  • Jul 29, 2013 12:23pm Jul 29, 2013 12:23pm
Quoting vlady1974
... ---- Someone made the comment that the stoch needs to be at extreme ends of its measurement spectrum. Correct! If its scale is say 100 to 70 and it values at 85 AND is outside the BB.... I would say it's a week signal. If it's at 70-75 and outside BB (ie a ZZBOT) it's more powerful. Reverse for the other side. ---- ...
Can you explain this more? Someone else made the comment that the signal was even stronger if it stoch were right at the extreme: 100 for a short or 0 for a long, so why would 70-75 be a stronger signal than 85? (I am assuming you meant for a short--did you mean for a long?)
  • #286
  • Jul 29, 2013 12:33pm Jul 29, 2013 12:33pm
Quoting Dewey McG
{quote} Can you explain this more? Someone else made the comment that the signal was even stronger if it stoch were right at the extreme: 100 for a short or 0 for a long, so why would 70-75 be a stronger signal than 85? (I am assuming you meant for a short--did you mean for a long?)
Sorry mate... I was reading off my IGIndex indicator... which doesn't plot the values as between 0 and 100. It just takes the overall spread over however many bars can fit into the screen then shoves it into that range... 100 to 75 in my case.

Basically.... the more extreme that spike is, the more likely the stoch is going to be outside the bollinger.
So if I go mobile and can only see via my phone, if the stoch is in the middle of the range I know that it's not outside the BB. If it goes to either extreme top or bottom, I know it must translate to outside the BB. Angle and sharpness can come into it as well but extremes are the key to reading this, IMHO.


Here's a BIG HINT for everyone else.
The 300EMA and the 50 Line on the BBStoch can be used as a "similarity" device. Another big hint. Look at it on the 1H timeframe. Hopefully you will notice it. Probably need to zoom out alot (another big hint). And it's related to the positioning of price or stoch.... (Gosh, I'm practically giving it to you! )
A pip is only worth it if you know how much you risked to earn it
  • #287
  • Jul 29, 2013 12:52pm Jul 29, 2013 12:52pm
Quoting vlady1974
{quote} Sorry mate... I was reading off my IGIndex indicator... which doesn't plot the values as between 0 and 100. It just takes the overall spread over however many bars can fit into the screen then shoves it into that range... 100 to 75 in my case. Basically.... the more extreme that spike is, the more likely the stoch is going to be outside the bollinger. So if I go mobile and can only see via my phone, if the stoch is in the middle of the range I know that it's not outside the BB. If it goes to either extreme top or bottom, I know it must translate...
I want more brain power!
  • #288
  • Jul 29, 2013 1:29pm Jul 29, 2013 1:29pm
Quoting vlady1974
Looking at the 15M, the resistance was strong. But there was no way to know if price would clear it or not. I guess one way to look at it is instead of SL, actually put in a counter trend trade if price reverses and comes out of the zone (green). I'm still holding onto my longs. But looks like my Daily forecast will not be successful. {image}
whats up bro,do u have any daily forecast for tomorrow?

Regards,

Eitan.
when GOD brings you a challenge he also gives you the power to deal with it
  • #289
  • Jul 29, 2013 1:33pm Jul 29, 2013 1:33pm
New here... J
ust wanted to add something, Bottom and top formation are almost always retested immediately (Volume spread analysis), not exactly to the same pip value but almost close. Post 1 shows two top fractal arrows which looks like a re-test.

Instead of going in when price and stoc go below BB, wait for Stoc and Price to come inside BB but approaching the bottom + 3-4 pips (again) and then enter, This will be your confirmation and much better entry (like a discount). Thoughts?- I am back scrolling to see how this works.
  • #290
  • Jul 29, 2013 1:38pm Jul 29, 2013 1:38pm
Total +22 Eur/Usd not particularly efficient though. Trading 101 plays a big part still and so does matching highs and low
I want more brain power!
  • #291
  • Jul 29, 2013 1:53pm Jul 29, 2013 1:53pm
Quoting eitan1010
{quote} whats up bro,do u have any daily forecast for tomorrow? Regards, Eitan.
I started last Wed based on comments by Eurusdd.

Projections for Daily Candle:
Wed = UP = True
Thu = UP = True
Fri = Down = Draw (really was UP by 0.0004)
Mon = UP (currently false)

3/4 or [2/4 + 1 draw] Hahahaha!
A pip is only worth it if you know how much you risked to earn it
  • #292
  • Jul 29, 2013 1:54pm Jul 29, 2013 1:54pm
I've played a little with other indicators to show me dis-similarity. Most on 1 or 5 MTF.
Where I could find inconsistencies, I have drawn a line.
I was shocked when I saw it, but the price traveled a little bit (10-20 or 30 pips) but then return to the line.

Still on test, but at 1.3294 there is "something is wrong".
I have put on a sell order at 1.3294. We will see.
  • #293
  • Jul 29, 2013 1:56pm Jul 29, 2013 1:56pm
Is this all derived from the thread started by Eurusdd?
  • #294
  • Jul 29, 2013 1:58pm Jul 29, 2013 1:58pm
Quoting vlady1974
{quote} I started last Wed based on comments by Eurusdd. Projections for Daily Candle: Wed = UP = True Thu = UP = True Fri = Down = Draw (really was UP by 0.0004) Mon = UP (currently false) 3/4 or [2/4 + 1 draw] Hahahaha!
My projection for tomorrow would be UP, but it depends on Hourly Close... so we will see where she lands tonight.
A pip is only worth it if you know how much you risked to earn it
  • #295
  • Jul 29, 2013 2:06pm Jul 29, 2013 2:06pm
Quoting vlady1974
{quote} I started last Wed based on comments by Eurusdd. Projections for Daily Candle: Wed = UP = True Thu = UP = True Fri = Down = Draw (really was UP by 0.0004) Mon = UP (currently false) 3/4 or [2/4 + 1 draw] Hahahaha!
0.0004 its ok for BO ..but not for spot..

waiting for your forecast,will folow.
when GOD brings you a challenge he also gives you the power to deal with it
  • #296
  • Jul 29, 2013 2:17pm Jul 29, 2013 2:17pm
Even 0.0004 is not bad
  • #297
  • Jul 29, 2013 2:18pm Jul 29, 2013 2:18pm
In strategy 1, the win rate goes up if you only take shorts when the stoch is 90 or higher and longs when the stoch is 10 or less. The total number of trades goes down so will back test to see if this is worth adding.
  • #298
  • Jul 29, 2013 2:41pm Jul 29, 2013 2:41pm
Quoting vlady1974
{quote} Here's a BIG HINT for everyone else. The 300EMA and the 50 Line on the BBStoch can be used as a "similarity" device. Another big hint. Look at it on the 1H timeframe. Hopefully you will notice it. Probably need to zoom out alot (another big hint). And it's related to the positioning of price or stoch.... (Gosh, I'm practically giving it to you! )
WHAT?!
Could you post a chart!?

I guess you guys did some nice pips today from that bottom. I noticed that some of you took entry there! Good work!!
I was scared to enter the market there. To little experience, not the right tools in my box yet!
  • #299
  • Jul 29, 2013 2:41pm Jul 29, 2013 2:41pm
Quoting Dewey McG
In strategy 1, the win rate goes up if you only take shorts when the stoch is 90 or higher and longs when the stoch is 10 or less. The total number of trades goes down so will back test to see if this is worth adding.

Niiiice!
A pip is only worth it if you know how much you risked to earn it
  • #300
  • Edited 3:57pm Jul 29, 2013 3:12pm | Edited 3:57pm
Sorry, this chart does not have much to do with similarity, but I still find it interesting because I think its important to know where we have support and resistance when trading Stoch/BB/ZZ or sim/dis-sim or whatever we trade.

Price is currently "stuck" between EMA89 and EMA365 on the M15.
If it breaks EMA89 I think we could get at nice move up and close the zone.
Se also how price respected the EMA365 after that fall it did.

Anyway, whats your view of this?
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