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Similarity: A Practical Approach

  • #401
  • Jul 30, 2013 3:12pm Jul 30, 2013 3:12pm
Hey Southern. I'm with it, I understand that EURUSDD would have taken so long, because there are many things that must be taken into account and when aligned as it has incredible results. All data streams must be persistent over time, which if used other pairs is quite possible that this principle does not work
  • #402
  • Jul 30, 2013 4:11pm Jul 30, 2013 4:11pm
Quoting vlady1974
{quote} Question: Since this indie takes (HI -LO) divided by Volume, wouldn't the volume be based on your broker's volume only? ie. (not meaning to get into the classic "there is no volume qty" in FX) Don't get me wrong... this is actually fascinating stuff and should help "validate" some of the DS Zone levels.
Yes, Tick volume is broker specific. Your question just gave me a light bulb moment!!!

Remember where EURUSDD said this could be traded cross brokers? well the MFI is calculated only one way with volume regardless of which time frame or broker.

A cross broker sample looking specifically for the BLUE operator bar starting with the monthly to 1 min chart would be able to identify anomalies to create, I believe more accurate zones or even a specific price to target. Way more accurate than a zone.

The only problem in doing this would be that your screen would look like a giant mess on lower time frames because of the same or relatively the same price being plotted from way back when across all time frames.

I started to plot these levels by hand on the monthly chart using the BLUE Operator Bar opening price on the EUR/USD. I went back to AUG 1994 and as long as I do not add any more lines from other time frames, I can see price reacting to these levels.

I think it could work out on any broker or cross broker sample as long as some of the prices were filtered to be more important if there were numerous prices being identified.

Here is a screen shot of what I did, I hope you can understand and maybe we can develop something that correlates with the similarity concept.

This is the weekly time frame of the lines I plotted from the monthly chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Monthly MFI.png Size: 175 KB
  • #403
  • Jul 30, 2013 4:20pm Jul 30, 2013 4:20pm
The runners crossing Naz also a EURUSDD thread. Could you explain more about this?. I have not understood because of language, that English is not my native language.
thank you very much
  • #404
  • Jul 30, 2013 4:32pm Jul 30, 2013 4:32pm
Hi, Jahanimi:

I've been re-reading the original EurUsdd thread. I saw that your records at the early phase of that thread is astonishingly great. Why don't we carry on that route? Have you experienced deteriorating performance after that?

i have same doubt for MadMoney. His CI trading is straight winning. why are we still trying to figure out these elusive concepts instead of using the proved successful methods?

Quoting juhanimi
i did get some DEMOPIPS lol first fail, second okey {image}
  • #405
  • Jul 30, 2013 4:43pm Jul 30, 2013 4:43pm
Quoting vlady1974
{quote} It does correlate. If the ZZTop and Bottom that you've identified on the 5M, corresponds to say 15M and 1H and they are in phase ie. They are all ZZTops then the logical extension of that is SELL. Whether or not you enter on the next bar or at the BBMid is up to each trader. As for price returning to this point.... welll..... it's harder to say. In your chart's particular case, price went sideways so the return was inevitable. Also, it's 5M so yes, I'd imagine price would return alot. Different story on a trending chart.... you would find...

Hey Vlady thanks for the reply mate. Do you have a definitive post number somewhere or a pdf or anything that clearly reiterates the main points (as you have found) of a ZZ top top/bottom and the stoch/bb/zz method?

If so it would be great if you can share. I have found various posts in the old thread but cant pinpoint your main idea on any particular post...

Thanks heaps. Effex.
  • #406
  • Edited 5:05pm Jul 30, 2013 4:48pm | Edited 5:05pm
Quoting charvo
Hi, Jahanimi: I've been re-reading the original EurUsdd thread. I saw that your records at the early phase of that thread is astonishingly great. Why don't we carry on that route? Have you experienced deteriorating performance after that? i have same doubt for MadMoney. His CI trading is straight winning. why are we still trying to figure out these elusive concepts instead of using the proved successful methods? {quote}

I have read the old thread from start to finish and agree with your enquiry here and statement, sometimes the basics first are a good place to start again, especially considering the "elusive concepts" being hammered out here, yet none the less even the first successful method was "Hammered out" at one point...

The problem with the first CI method is that not many guys could ever agree (or find on their platform!) proper settings for the CI indicator to make it stable in order to provide proper dissimilarity signals... Those that did achieve correct settings and posted their settings on FF did not work on another's platform....

Some guys however could apply the right formula to achieve the correct settings to suit a method for them; And in fact if you look at the way Madmoney was trading it was in fact "His own method" derived from the first post on eurusdd original thread, but not "Exactly" what eurusdd had explained or intended yet it worked for him.... This is what makes the similarity principle so interesting...there are MANY ways to profit from it, the application of which we only have to derive a method of our own.

Eurusdd was going to create a "stable indicator" for the original CI method yet never did....Maybe one day we may see something of this from him again if he ever returns to give more insight to his theorem.
  • #407
  • Jul 30, 2013 5:05pm Jul 30, 2013 5:05pm
Quoting charvo
Hi, Jahanimi: I've been re-reading the original EurUsdd thread. I saw that your records at the early phase of that thread is astonishingly great. Why don't we carry on that route? Have you experienced deteriorating performance after that? i have same doubt for MadMoney. His CI trading is straight winning. why are we still trying to figure out these elusive concepts instead of using the proved successful methods? {quote}
yes...Master said that CI is LEAST used or something like that, but I think CI is LAST used in this dissim thing
when everything else is in order, then comes LAST reason for to open the trade, super confirmation or something

look that prediction, took 28 hours, and there it is, so there is more than just shooting blindly with CI, and i just love solve things
http://www.forexfactory.com/showthre...50#post6856150

but, that CI thing works, when used M30 H1, works smaller too, but more relaxing higher timeframes and more pips, so you can do that, demo first few weeks so you really know that indi and behaviour and have confidence
  • #408
  • Jul 30, 2013 5:10pm Jul 30, 2013 5:10pm
thanks, CI does show potential in identify swing hi/lo s, i'll look into more.

Quoting juhanimi
that CI thing works, when used M30 H1, works smaller too, but more relaxing higher timeframes and more pips, so you can do that, demo first few weeks so you really know that indi and behaviour and have confidence
  • #409
  • Jul 30, 2013 5:17pm Jul 30, 2013 5:17pm
IQ I use it together with the intersection of media with EMA1 and the truth that I had never failed until now, I have repainted and made me doubt the system. I try to combine with other indicators to make chances. Personally I like the individual because I'm comfortable. But the idea is always the same. the comparison between two tf. I like to use with the intersection of media and EMA1 because otherwise repainted the lot and could not balance between the 2 tf and the filter applied. In this way I have a confirmation pegadita additional half the EMA1.
  • #410
  • Edited 5:28pm Jul 30, 2013 5:17pm | Edited 5:28pm
Quoting juhanimi
{quote} but, that CI thing works, when used M30 H1, works smaller too, but more relaxing higher timeframes and more pips, so you can do that, demo first few weeks so you really know that indi and behaviour and have confidence

No. The CI method (not "CI thing") worked on higher time frames, but truly worked AS INTENDED on 1m and 5m time frames with the best results as examples provided by eurusdd speak for them selves.
  • #411
  • Jul 30, 2013 5:23pm Jul 30, 2013 5:23pm
Quoting xixi
Hi guys! This is MTF disimilarity indicator which I'm done up to now. Currently, it can draw the "difference" lines only. Dissimilarity zones drawing will be for the next stage. Read indicator's parameters for more info. I may have cut my last hairs to write this one. Please test it. {image} {file}

I checked in specifically to see how you were coming along, xixi. This will be a great help to the community! Can't wait for the next iteration
If you are good at something, never do it for free--Joker
  • #412
  • Jul 30, 2013 5:27pm Jul 30, 2013 5:27pm
Quoting Effex
{quote} No. The CI method (not "CI thing") worked on higher time frames, but truly worked AS INTENDED on 1m and 5m time frames with the best results.
okey, thanks for the info
  • #413
  • Jul 30, 2013 5:38pm Jul 30, 2013 5:38pm
Quoting Effex
{quote} No. The CI method (not "CI thing") worked on higher time frames, but truly worked AS INTENDED on 1m and 5m time frames with the best results as examples provided by eurusdd speak for them selves.
If shooting for 1-2-3 pips works for you, then yes, the 1 min and 5 min TF will work the best for you.
  • #414
  • Jul 30, 2013 6:43pm Jul 30, 2013 6:43pm
Dissimilarity:

Price has moved outside of the zone, now coming back in, so we should expect price to take out the top of zone.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfh1.png Size: 43 KB
If you are good at something, never do it for free--Joker
  • #415
  • Jul 30, 2013 10:08pm Jul 30, 2013 10:08pm
Weakness of CI is that it only tells you about how price is swinging but no estimate of how far it will go. One reason Stoch and BB is "one" up from CI is that you can use it to get an estimate of swing length
I want more brain power!
  • #416
  • Jul 31, 2013 2:58am Jul 31, 2013 2:58am
Quoting eitan1010
does anybody can help me with my Q.. how can i put BB and mva on stoch on mt4?
Select 'view', select 'navigator', drag bb to stoch window, then select drop down menu and 'apply to previous indicator'. Hope this helps.
  • #417
  • Jul 31, 2013 3:31am Jul 31, 2013 3:31am
Quoting Baillie
{quote} Yes, Tick volume is broker specific. Your question just gave me a light bulb moment!!! Remember where EURUSDD said this could be traded cross brokers? well the MFI is calculated only one way with volume regardless of which time frame or broker. A cross broker sample looking specifically for the BLUE operator bar starting with the monthly to 1 min chart would be able to identify anomalies to create, I believe more accurate zones or even a specific price to target. Way more accurate than a zone. The only problem in doing this would be that...
Excellent Excellent work!

This entire suggestion is more in line with how I normally trade....ie. Demand/Supply and S/R levels that I leave on the chart forever more.
What we're doing here is then pre-inputting a chart with key price levels at key timeframes.
The process we will need is the reconciling of dynamics DS Zone levels to these "MFI Price levels"...... and you're right.... you can't have them all on one chart as you would go crazy.

Question on the MFI and multi-broker - did you download multiple MT4 platforms and export the data? Or do you think that any MT4 platform could be used as a proxy for the tickvolume. Or is it a case of picking the "best" reputable broker? Mine is straight from MT4 so I can't recall who they plugged me into.
A pip is only worth it if you know how much you risked to earn it
  • #418
  • Jul 31, 2013 3:33am Jul 31, 2013 3:33am
I went out last night and so didn't get home til late. As a result there's no daily prediction today. I probably would have said an UP DAY, but I'm guessing.
What I will do is disclose the method and let you guys comment and test. I'll do this in a little while.
A pip is only worth it if you know how much you risked to earn it
  • #419
  • Jul 31, 2013 3:55am Jul 31, 2013 3:55am
Quoting Baillie
{quote} In the previous thread I posted a chart similar to this one, It's a Daily chart with BW MFI and volume to identify Broker, Institutional Speculators. They are identified by the BLUE bars marked. They also happen to be Sunday bars, I use these zones in my trading ALL the time regardless of which system I employ. WHY? Because these zones we are trying to identify are created by these players, so logically, If these players are in on this bar they will create zones that reject or propel price to and from these levels. EURUSDD said, " support...
Hi Baillie,

Are you able to post your indicator and its settings? Thanks in advance.
A pip is only worth it if you know how much you risked to earn it
  • #420
  • Jul 31, 2013 4:28am Jul 31, 2013 4:28am
Just something I noticed on the 30M.

The last Swing Low (ZZBOT) has the STOCH inside the BB. There have been similar instances in the past where a major ZZ swing has occurred and a stoch has been inside BB.

I think this will mean that the finishing ZZTOP will break 1.3300.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm30.png Size: 54 KB
A pip is only worth it if you know how much you risked to earn it
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