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Similarity: A Practical Approach

  • #301
  • Jul 29, 2013 3:42pm Jul 29, 2013 3:42pm
Quoting spufuz
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? {image}
If you going to post charts, try to stay on the topic of similarity. So the question is, how can you tie this information in to what the thread is about? I am not attacking you, I am trying to encourage to think outside of the box, but inside of the realm.
If you are good at something, never do it for free--Joker
  • #302
  • Jul 29, 2013 3:57pm Jul 29, 2013 3:57pm
Don't worry! Ill stick to the similarity from now!
Sorry!
  • #303
  • Jul 29, 2013 4:14pm Jul 29, 2013 4:14pm
Just my opinion about a few things, so take it for what it is worth.

Eurusdd gave us a lot to chew on, some of which we can work with now and other information that may have been there to tease us, throw a curve ball or was simply beyond my ability to fully comprehend. I believe in focusing on things I can work with so here are the things I think where we can be productive:

1. The CI method which he used to do 47 trades in a row (or some ridiculous number) without a loss. The draw backs are the CI indicator is unstable. He promised a better one but changed his mind before posting it. A few people did say they were quite successful with it though, so I am posting an updated summary of the most relevant posts on this if anyone wants to pursue this further.

2. The BB-Stoch-ZZ method(s). Eurusdd said this was better but some of the methods were just for “the big boys.” There are a few ideas though we can look at:

The 2 methods I am working on are based on his principle that there can't be a trend change without similarity. The hope is that the similarity of the EMA1 and BB's is close enough to the stoch and BB's that with confirmation from the ZZ we have a new top or bottom and can take a trade in the opposite direction. The questions are now do we trade from the extreme to the mid band or the mid band to the extreme. Also, should we wait and only take those trades when stoch is at an extreme. I have someone working on an EA for me for this to test this further.

3. DS zones and how best to trade them. I admit this one gets me confused whenever to I try to figure out how best to trade them. One simple idea I think that should be explored further is setting pending orders to open a trade when a zone is breached with TP on the other side of the zone. We know most will be taken out, so I think we only need to work on the best SL for the few times when the trade is entered and the zone is not taken out in a timely manner.

I know there are more, but I think it is best to stay focused on the ideas where we might be able to come up with something we can use rather than the ones we have no chance of replicating with the resources we have available.
Attached File(s)
File Type: pdf Similarity CI Method.pdf   3.0 MB | 3,273 downloads
  • #304
  • Jul 29, 2013 4:28pm Jul 29, 2013 4:28pm
Quoting Dewey McG
Just my opinion about a few things, so take it for what it is worth. Eurusdd gave us a lot to chew on, some of which we can work with now and other information that may have been there to tease us, throw a curve ball or was simply beyond my ability to fully comprehend. I believe in focusing on things I can work with so here are the things I think where we can be productive: 1. The CI method which he used to do 47 trades in a row (or some ridiculous number) without a loss. The draw backs are the CI indicator is unstable. He promised a better one...
Great post!
If you are good at something, never do it for free--Joker
  • #305
  • Jul 29, 2013 4:50pm Jul 29, 2013 4:50pm
Posted this on the Similarity Thread:

Projection : 30 July 2013
UP DAY

Open: 1.32618

Commentary: I have a price target 1.33337. I don't have a day target for this price. I have one zone one the 1H that is begging to be closed from below, top level price @ 3305. I also have another zone (different indicator) with a clearance price @ 1.32992.

Prior to today, 1H timeframe had a ZZTOP that was in the middle of the Bollinger Bad insinuating a fake top. What I failed to take into account (still!) is that the zone it was in was very strong resistance. Today, price fell to the bottom of an existing zone that has not been born yet.... 1.32377. And turned, forming a ZZBOT. We have another zone above this zone @ 1.33184, so the move that must happen this week and this can only happen from a ZZBOT.
A pip is only worth it if you know how much you risked to earn it
  • #306
  • Jul 29, 2013 5:09pm Jul 29, 2013 5:09pm
Quoting Dewey McG
Just my opinion about a few things, so take it for what it is worth. Eurusdd gave us a lot to chew on, some of which we can work with now and other information that may have been there to tease us, throw a curve ball or was simply beyond my ability to fully comprehend. I believe in focusing on things I can work with so here are the things I think where we can be productive: 1. The CI method which he used to do 47 trades in a row (or some ridiculous number) without a loss. The draw backs are the CI indicator is unstable. He promised a better one...
Fantastic reminder! Here's another one!
Attached File(s)
File Type: pdf Eurusdd-STOCH-BB-Posts-v1.pdf   9.5 MB | 820 downloads
A pip is only worth it if you know how much you risked to earn it
  • #307
  • Jul 29, 2013 7:59pm Jul 29, 2013 7:59pm
There is also Lirbig's approach if he would be so kind to share what he is doing
  • #308
  • Jul 29, 2013 8:34pm Jul 29, 2013 8:34pm
So this is where everyone went... Mind if I join in?

Here is a pic of last weeks market with the Stoch Diff Indicator on the 15 min chart, I counted up the bars of DIS similarity and came to a total of 298 bars out of 474 bars for the week. give or take a bar.

That is less than 50% Similar. We might want to consider making an adjustment to the indicator(s) to get closer to 90-97% before running too far ahead.
Attached Image (click to enlarge)
Click to Enlarge Name: Not so similar.png Size: 180 KB
  • #309
  • Jul 29, 2013 8:51pm Jul 29, 2013 8:51pm
Glad to have you on board, Baillie. Can someone who isn't banned on the other thread post a link to this thread?
  • #310
  • Jul 29, 2013 9:55pm Jul 29, 2013 9:55pm
Quoting Dewey McG
Glad to have you on board, Baillie. Can someone who isn't banned on the other thread post a link to this thread?
I would like to but we should probably ask permission from EURUSDD first. I'll send him a message.
  • #311
  • Jul 29, 2013 10:18pm Jul 29, 2013 10:18pm
Quoting Dewey McG
Just my opinion about a few things, so take it for what it is worth. Eurusdd gave us a lot to chew on, some of which we can work with now and other information that may have been there to tease us, throw a curve ball or was simply beyond my ability to fully comprehend. I believe in focusing on things I can work with so here are the things I think where we can be productive: 1. The CI method which he used to do 47 trades in a row (or some ridiculous number) without a loss. The draw backs are the CI indicator is unstable. He promised a better one...
I think this one might be better or not, I have not checked the repainting
Attached File(s)
File Type: mq4 Symphonie Extreme Indicator v2.mq4   29 KB | 406 downloads
  • #312
  • Jul 29, 2013 10:42pm Jul 29, 2013 10:42pm
Quoting Baillie
{quote} I think this one might be better or not, I have not checked the repainting {file}
That's the one I use already. I think EURUSDD has a custom one
  • #313
  • Edited 12:51am Jul 30, 2013 12:09am | Edited 12:51am
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}
Actually this one is a loss. But it seems you don't have a stop loss (or hedging).
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  • #314
  • Edited 12:42am Jul 30, 2013 12:11am | Edited 12:42am
Quoting Dewey McG
{quote} That's the one I use already. I think EURUSDD has a custom one
He just showed a graph of the perfect indicator. We never had this one in real. Maybe it doesn't exists and if it exists nothing tell us that it doesn't repaint.
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  • #315
  • Jul 30, 2013 12:24am Jul 30, 2013 12:24am
Quoting cfdtaleong
Total +22 Eur/Usd not particularly efficient though. Trading 101 plays a big part still and so does matching highs and low
Hi, congratulations ! but what do you mean by "trading 101" ?
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  • #316
  • Edited 1:00am Jul 30, 2013 12:39am | Edited 1:00am
Quoting jmn5611
{quote} If you going to post charts, try to stay on the topic of similarity. So the question is, how can you tie this information in to what the thread is about? I am not attacking you, I am trying to encourage to think outside of the box, but inside of the realm.
This is the problem : the thread looks like a chatroom. A lot of noise that is not related to the thread main idea : A PRACTICAL APPROACH.

I will stop posting now by respect to thread creator.
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  • #317
  • Jul 30, 2013 12:59am Jul 30, 2013 12:59am
Quoting FxGunner
{quote} Actually this one is a loss. But it seems you don't have a stop loss (or hedging).
Not a loss yet. Still short from that picture at this time.


You are correct, there is no SL, but this is also Demo
  • #318
  • Jul 30, 2013 1:08am Jul 30, 2013 1:08am
Quoting almo
{quote} Not a loss yet. Still short from that picture at this time. You are correct, there is no SL, but this is also Demo
Ok, just a 'potentially losing trade'. But no stop loss or hedging = a practical approach ?
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  • #319
  • Jul 30, 2013 1:11am Jul 30, 2013 1:11am
Quoting FxGunner
{quote} Ok, just a 'potentially losing trade'. But no stop loss or hedging = a practical approach ?
Its more of a learning exercise. This indicator unfortunately does not allow for backtesting, thus forward testing is the only answer.

And no, its not practical to trade w/o a SL . I am not allowed to hedge, being in the states
  • #320
  • Jul 30, 2013 1:22am Jul 30, 2013 1:22am
Hi Neio ! happy to see you reading here. I was impressed by your results you have with the dissimilarity but can't find them in your trade explorer... Do you have another method of trading ? Something practical ?
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