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Similarity: A Practical Approach

  • #721
  • Aug 14, 2013 4:23pm Aug 14, 2013 4:23pm
crodzilla - I knew sooner or later you'd come to the party with some great stuff just like you did on Al's thread. I did drop hints about divergence (and supply and demand) in previous posts as it seemed to me that a lot of great work and time and effort put in by others (vlady deserves a special mention) was very complex, when something more simple may be the place to start. Let the quest continue for yourself and those clever enough - I'm certainly not one of them.
  • #722
  • Aug 14, 2013 4:27pm Aug 14, 2013 4:27pm
Quoting handy148
crodzilla - I knew sooner or later you'd come to the party with some great stuff just like you did on Al's thread. I did drop hints about divergence (and supply and demand) in previous posts as it seemed to me that a lot of great work and time and effort put in by others (vlady deserves a special mention) was very complex, when something more simple may be the place to start. Let the quest continue for yourself and those clever enough - I'm certainly not one of them.
I appreciate it handy, but this needs to be a community effort. I have so little time these days. I hope this idea has some merit.
I am not that smart either... I love EURUSDD's different look at the market. I just can't seem to put enough of it together.

Carl
  • #723
  • Aug 14, 2013 5:09pm Aug 14, 2013 5:09pm
Quoting crodzilla
Another interesting tidbit... For zigzag highs, the primary currency will always be above the secondary (for the CC-New indicator). For zigzag lows, the secondary currency will always be above the primary. So, for the USDCHF, if a zigzag high is indicated, the USD strength should always be above CHF strength. And vice-versa. So far, I have not found an instance to the contrary in any timeframe. So, if there was an instance where the above rules were not true, could that tell us that zigzag WILL repaint??? I will download that repaint...
Yes, this was the first pattern I noticed. I think this is a good start.
The divergence (sloping of indicator is opposite to slope of price Bottom or Top) is attached to the relevant swing.... ie. 1st Currency divergence for Lower Highs, and Higher Lows..... showing a more permanent or longer term change in trend in that timeframe.

Will investigate further tomorrow. Many thanks for the indicator!
A pip is only worth it if you know how much you risked to earn it
  • #724
  • Aug 14, 2013 5:12pm Aug 14, 2013 5:12pm
Forward-testing your idea as we speak Carl..will let you know how I get on..
Attached Image (click to enlarge)
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  • #725
  • Aug 14, 2013 5:31pm Aug 14, 2013 5:31pm
..and with info from another observation I made a night before, if GJPY crosses 151.19x anytime Thursday, then it should go further downwards for a bit..I've not yet come up with a way to tell how far prior to the event..though I'm OK at guessing as it occurs. All this hypothesizing is fun!
  • #726
  • Edited 6:40pm Aug 14, 2013 6:29pm | Edited 6:40pm
this strategy is from Eurusdd`s another thread, simple and effective

Edit: Forget that first signal, it is not right, only those 2 last are correct, sorry about that, just going to sleep, so...!
Attached Image (click to enlarge)
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  • #727
  • Aug 14, 2013 6:41pm Aug 14, 2013 6:41pm
Great! Forward testing that USDCHF level of 9320... I hope this keeps going...

I want to wake up in the AM (here on the east coast USA) with at least a good bias down.
The last divergence level took over a day to reach.

Carl
  • #728
  • Aug 14, 2013 6:47pm Aug 14, 2013 6:47pm
so, only these are right signals, high probability trading
Attached Image (click to enlarge)
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  • #729
  • Aug 14, 2013 9:37pm Aug 14, 2013 9:37pm
Quoting juhanimi
so, only these are right signals, high probability trading {image}
this is from that how to use indi properly thread right?
I want more brain power!
  • #730
  • Aug 14, 2013 9:50pm Aug 14, 2013 9:50pm
Quoting crodzilla
Looking at this 1-HR timeframe for USDCHF, looks like price needs to continue down to .9320 to fill that "blackhole" divergence. Carl {image}
Target reached on the USDCHF 1-HR chart. Took approximately 6 hours.
I'm glad I stayed up. Now its to bed.

Carl
  • #731
  • Aug 14, 2013 9:54pm Aug 14, 2013 9:54pm
I'm keeping an eye on the GBPJPY trade... its looking good right at this moment... nice downward momentum.

Carl
  • #732
  • Aug 14, 2013 10:51pm Aug 14, 2013 10:51pm
Quoting cfdtaleong
{quote} this is from that how to use indi properly thread right?
Yes, and all 3 examples was right, I was just so tired, brain was not working anymore.

http://www.forexfactory.com/showthre...07#post6800507

http://www.forexfactory.com/showthre...16#post6800616
  • #733
  • Aug 14, 2013 11:07pm Aug 14, 2013 11:07pm
another one

happy trading
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym15.png Size: 38 KB
  • #734
  • Aug 14, 2013 11:19pm Aug 14, 2013 11:19pm
Attached Image (click to enlarge)
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  • #735
  • Aug 15, 2013 1:00am Aug 15, 2013 1:00am
Full respect to crodzilla for absolutely perfect call on USDCHF and to Juhanimi for the Stochs/ZZ charts.
  • #736
  • Aug 15, 2013 1:51am Aug 15, 2013 1:51am
Morning!


Woke up to +114 pips on EU longs thanks to ZZ and CCNEW! Liking it!
A pip is only worth it if you know how much you risked to earn it
  • #737
  • Aug 15, 2013 2:20am Aug 15, 2013 2:20am
Quoting juhanimi
{image}
Godmorning,
could you please say us which parameter use two ZZ ind. ( two of them )
Bülent.
  • #738
  • Aug 15, 2013 5:16am Aug 15, 2013 5:16am
Quoting juhanimi
{quote} Yes, and all 3 examples was right, I was just so tired, brain was not working anymore. http://www.forexfactory.com/showthre...07#post6800507 http://www.forexfactory.com/showthre...16#post6800616
I think the settings have to align to the timeframe.

The Minutes should be set to BB of 60 ie. 60 minutes and then you can experiment with multiples of the 1M, 5M, 15M etc. ie. 60/1 or 60/5 or 60/15... then further divide into 2 or 4..... or multiply by 2 etc.

The Hours should be set to BB of 24 for 24 hours... etc.

5M is set to 48, BB of 60.
15M is set to 12, BB of 60.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD-5M.PNG Size: 87 KB
Click to Enlarge Name: EURUSD-15M.PNG Size: 86 KB
A pip is only worth it if you know how much you risked to earn it
  • #739
  • Aug 15, 2013 5:19am Aug 15, 2013 5:19am
Quoting bulent
{quote} Godmorning, could you please say us which parameter use two ZZ ind. ( two of them ) Bülent.
they are 3 and 10, but here is principle how to use stoch/zz->
http://www.forexfactory.com/showthre...55#post6800755
  • #740
  • Aug 15, 2013 5:25am Aug 15, 2013 5:25am
Here's a live test.

EDIT: Should be 5M
ZZ/Semafor has formed a "3" ZZB but the Stoch hasn't reached Zero yet. Therefore it should go lower and repaint.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-1M.PNG Size: 80 KB
A pip is only worth it if you know how much you risked to earn it
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