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Similarity: A Practical Approach

  • #421
  • Jul 31, 2013 4:46am Jul 31, 2013 4:46am
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...

Thanks Baillie, Yes, truly excellent work. Its a Bill Williams indicator. (I can't get the Sunday bars though on my platform)

Vlady, great stuff, This maybe gives the numbers that EURUSSD says 'there is a technical problem". () Its led me to look at Bill Williams in more detail and I am really gaining some useful info here (especially understanding fractals more)
http://www.alpari-us.com/en/alpari_a...ill_chaos.html

The very second statement on this page sounds like something eurusdd said
Williams says that fundamental or technical analysis (link to 4.4.2.1) cannot guarantee steady profitable results because they do not see the real market. Moreover, he says that traders lose because they rely on different types of analysis, which are useless in nonlinear dynamic models, i.e. the real markets.
  • #422
  • Jul 31, 2013 5:00am Jul 31, 2013 5:00am
i think i have everything here now, only ema 1 is missing, but that is same than line chart
good trading for everyone
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 35 KB
  • #423
  • Jul 31, 2013 5:04am Jul 31, 2013 5:04am
Quoting taypot
{quote} Select 'view', select 'navigator', drag bb to stoch window, then select drop down menu and 'apply to previous indicator'. Hope this helps.
Save the trouble.
Attached File(s)
File Type: ex4 StochBB.ex4   6 KB | 328 downloads
  • #424
  • Jul 31, 2013 5:06am Jul 31, 2013 5:06am
Hi everyone

Just wondering, anyone trading this....


1: Across brokers, same time-frame, same currency pair.
What you do is a reflection of you....what I do is a reflection of me.
  • #425
  • Jul 31, 2013 5:53am Jul 31, 2013 5:53am
should work, we`ll see
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 40 KB
  • #426
  • Jul 31, 2013 6:00am Jul 31, 2013 6:00am
Attention everyone: the forecast function of my indy has problems on larger timeframes (H1 confirmed, but probably on others too).
Solution: TBA.
Even if you fall on your face, you're still moving forward.
  • #427
  • Jul 31, 2013 6:06am Jul 31, 2013 6:06am
Quoting vlady1974
{quote} Hi Baillie, Are you able to post your indicator and its settings? Thanks in advance.
Hi Vlady, The indicator is standard on MT4 platform, I just changed the colors for mine, but blue is blue on the indicator (not changed)

On MT4 go to> Insert tab > Indicators > Bill Williams > Market Facilitation Index (BW MFI)

Here is a pic of my indicator settings.

BTW, The lines are from the Monthly chart, the red lines are from years ago, 1994 to present, see how they are still relevant?

And how recent levels (white lines) are still attracted to those prices.
Attached Image (click to enlarge)
Click to Enlarge Name: BW MFI SETTINGS.png Size: 196 KB
  • #428
  • Jul 31, 2013 6:18am Jul 31, 2013 6:18am
Quoting taypot
{quote} Thanks Baillie, Yes, truly excellent work. Its a Bill Williams indicator. (I can't get the Sunday bars though on my platform) Vlady, great stuff, This maybe gives the numbers that EURUSSD says 'there is a technical problem". () Its led me to look at Bill Williams in more detail and I am really gaining some useful info here (especially understanding fractals more) http://www.alpari-us.com/en/alpari_a...ill_chaos.html The very second statement on this page sounds like something eurusdd said Williams...
Just use weekly candle open instead, but this would be a good broker to use since the candle is missing to compare against other broker analysis.

But we can still use this for individual broker analysis.

I think this is the closest thing we are going to get for MT4 data that will give us a better than 60% similarity data.
  • #429
  • Jul 31, 2013 7:06am Jul 31, 2013 7:06am
Quoting Baillie
{quote} Hi Vlady, The indicator is standard on MT4 platform, I just changed the colors for mine, but blue is blue on the indicator (not changed) On MT4 go to> Insert tab > Indicators > Bill Williams > Market Facilitation Index (BW MFI) Here is a pic of my indicator settings. BTW, The lines are from the Monthly chart, the red lines are from years ago, 1994 to present, see how they are still relevant? And how recent levels (white lines) are still attracted to those prices. {image}
My data is different to yours. So your broker may be more representative of population.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusddaily.png Size: 43 KB
A pip is only worth it if you know how much you risked to earn it
  • #430
  • Jul 31, 2013 7:50am Jul 31, 2013 7:50am
Hi,

The stoch-bb method for me has been the best. I have been using it since last week, though still needs to be tested more. i have taken 23 trades with 100% success rate. 23 profits with no losses. my stop losses are much further away and if a trade goes into a loss then i prefer recovery method.

The fundamental of this method is:

ZZ will appear almost 97% of times when stoch will hit the bb band.

the screenshot is attached as a proof.

Ravs
Attached Image (click to enlarge)
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  • #431
  • Jul 31, 2013 7:58am Jul 31, 2013 7:58am
Quoting ravs_avs
Hi, The stoch-bb method for me has been the best. I have been using it since last week, though still needs to be tested more. i have taken 23 trades with 100% success rate. 23 profits with no losses. my stop losses are much further away and if a trade goes into a loss then i prefer recovery method. The fundamental of this method is: ZZ will appear almost 97% of times when stoch will hit the bb band. the screenshot is attached as a proof. Ravs {image}
With this system, would you buy now on hourly?

75,1,1 stoch = 0 and touching boll
price =1.3227, under boll

price fallen heavily but sim zone started, semaphor appeared and leg painted
  • #432
  • Jul 31, 2013 7:59am Jul 31, 2013 7:59am
ravs - can you post a chart please. Always good to compare.
  • #433
  • Jul 31, 2013 8:15am Jul 31, 2013 8:15am
This DZ zone was taken out. What I am trying figure out now is whether it is best to enter when price reenters the base of the zone in anticipation of that zone being taken out, or whether to wait for the BB/ZZ/Semaphor signal.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfh1.png Size: 45 KB
If you are good at something, never do it for free--Joker
  • #434
  • Jul 31, 2013 8:20am Jul 31, 2013 8:20am
Quoting taypot
{quote} With this system, would you buy now on hourly? 75,1,1 stoch = 0 and touching boll price =1.3227, under boll price fallen heavily but sim zone started, semaphor appeared and leg painted
YES!.... Waited for stoch to increase, now 5 pips up
  • #435
  • Jul 31, 2013 8:22am Jul 31, 2013 8:22am
Quoting ravs_avs
Hi, The stoch-bb method for me has been the best. I have been using it since last week, though still needs to be tested more. i have taken 23 trades with 100% success rate. 23 profits with no losses. my stop losses are much further away and if a trade goes into a loss then i prefer recovery method. The fundamental of this method is: ZZ will appear almost 97% of times when stoch will hit the bb band. the screenshot is attached as a proof. Ravs {image}

Great trading! Can you post chart with entry? If ZZ appears when stoch hits the bb band, what do you do about it repainting? Or do you enter of the first zz when it appears?

Also what TF are you trading?

thanks.
  • #436
  • Jul 31, 2013 8:25am Jul 31, 2013 8:25am
Quoting taypot
{quote} With this system, would you buy now on hourly? 75,1,1 stoch = 0 and touching boll price =1.3227, under boll price fallen heavily but sim zone started, semaphor appeared and leg painted

Hi Taypot,

Though I do not trade hourly but here is what I think - ZZ has formed on hourly. Stoch is also on the outer band. I will wait for the ZZ signal to be confirmed. Which for me will happen when it crosses the daily support turned resistance at 1.32298

I will be interested in placing a pending buy if the price retraces back to 1.32391 with TP @1.32597 and SL at your discretion.

But hey I am still a noob with this method. The 23 winning streak might also be luck(I am no EURUSDD So do not place orders based on my analysis with real money.
  • #437
  • Jul 31, 2013 8:26am Jul 31, 2013 8:26am
Quoting jmn5611
This DZ zone was taken out. What I am trying figure out now is whether it is best to enter when price reenters the base of the zone in anticipation of that zone being taken out, or whether to wait for the BB/ZZ/Semaphor signal. {image}

Hi joe,

Can I ask you how you make use of your RSI and CI ?
  • #438
  • Jul 31, 2013 8:26am Jul 31, 2013 8:26am
Quoting handy148
ravs - can you post a chart please. Always good to compare.

Hi Handy,

It is below
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15.png Size: 46 KB
  • #439
  • Jul 31, 2013 8:30am Jul 31, 2013 8:30am
Quoting ravs_avs
Hi, The stoch-bb method for me has been the best. I have been using it since last week, though still needs to be tested more. i have taken 23 trades with 100% success rate. 23 profits with no losses. my stop losses are much further away and if a trade goes into a loss then i prefer recovery method. The fundamental of this method is: ZZ will appear almost 97% of times when stoch will hit the bb band. the screenshot is attached as a proof. Ravs {image}

Good for you! More success to you.
  • #440
  • Jul 31, 2013 8:31am Jul 31, 2013 8:31am
Quoting Effex
{quote} Great trading! Can you post chart with entry? If ZZ appears when stoch hits the bb band, what do you do about it repainting? Or do you enter of the first zz when it appears? Also what TF are you trading? thanks.
Hi Effex,

The chart has been posted above. Red lines denote entry and TP. Blue arrows are the various signals that I look for.

If ZZ appears the outer band I do the following:
Place buy at a little distance above the ZZ
Place sell after it has been confirmed in 5 mins
TP on the other BB band

I trade 5-15 mins chart
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