Similarity: A Practical Approach

Quoting vlady1974

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{quote} I don't think we have a definitive answer Almo. It's more like mixed ideas and implementations. But the general principle is this: Self Similarity Normal Market conditions = trend. This means the price of EURUSD is the same across all timeframes because all participants see the price and agree to buy/sell at that price. Subsequently all activity is at equilibrium, whether or not you are a 1M scalper or 1MONTH position trader. The key concept here that we as MT4 chartists are concerned with is that if PRICE = PRICE, then we can substitute...

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Quoting vlady1974

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{quote} Eurusdd would say "trade away from the DS" but this can be interrpeted 2 ways:

1. As soon as DS ends, trade in the opposite direction
2. As soon as price is the furthest away from a DS Zone, watch for price to start approaching or heading back towards it and get in early.!

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Quoting Robertk

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{quote} That being said, isn't it the same principle as for example a 15m volume climax bar taking place within a 60m non climax candle? As climaxes often distort equilibrium. Somehow I think I am missing something here as underlying shorter TF momentum spikes below higher TF candles is a very ancient concept? What is so new and refreshing about this, why is it hyped in the first place

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Quoting Robertk

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{quote} What is so new and refreshing about this, why is it hyped in the first place

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Quoting Me3w

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{quote} OK. I got 30 pips for this trade. This is what i am trying to tell you: "if you understand the advance RSI, can be used to look for the break, no need for strength meter". you can trade above 60 level with acceleration if you know how. the macd is used to show the momentum. {image} {image}

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Quoting vlady1974

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On a day like this (when NFP is on), the concepts that we've struggled with for just over 7-14 days (started looking at this 15th July I think) has turned a $5,000 demo account into $17,600. There is something in this guys. It's not perfect by any means - and I would say it's a manually triggered method, but gosh when you get into the rhythm of the signals, it can be quite rewarding.... don't give up! Keep up the brilliant work, ideas and suggestions!

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Quoting josh11

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Can't stop today but be careful going long to heavy!!! I think we are gonna fall big soon good luck

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Quoting spufuz

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{quote} Sounds interesting but could you maybe post chart where we can se an example of how it should look?

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Quoting SMScom

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{quote} Therein lies the rub, spufuz. What it looks like is dependant upon the settings and that's my current side-project. Since yesterday, time permitting, I've been looking at... {image}

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Quoting SMScom

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{quote} Therein lies the rub, spufuz. What it looks like is dependant upon the settings and that's my current side-project. Since yesterday, time permitting, I've been looking at a variety of TFs and inputs relative to what is transpiring on this thread vis-a-vis the interaction of BB and Stochastics. The indicator provided earlier is designed to illustrate dead or non-trade zones when the BBs are contracting/ranging. Those are the Black or White dots (depending on your chart background color) located on the center line of the histogram. This is...

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Quoting FxGunner

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{quote} As an exercise, on page 8, can you spot the dissimilarities without any more indicator ? I believe yes : the dissimilarity is when the stochastic makes a second bounce higher with price going out of bollinger (just after the comment). There the ZigZag would have retrace up. It is clear we must be hours watching the prices and the indicators to understand their behaviour. i don't use the Cycle Identifier. Don't like how it repaints, especially this is not easy to analyse a trade after the facts : The indicator has all moved to...

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Quoting Me3w

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{quote} Is the following manual desimilarities correct ? Also take note the rejection to the Yesterday's Low {image}

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Quoting handy148

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hmm GU 15753 looks a long way off let alone 16382. Of course it can take years not just months.

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Quoting Dewey McG

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Hello all. Hopefully by tonight I will have the first EA based on Method 1 from the BB-Stoch-ZZ approached I described earlier. Initial results looks promising, but a lot more testing still needs to be done

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