The similarity system | Page 248 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Similarity: A Practical Approach 859 replies

Similarity Trading - The ZZBB Method 215 replies

Rainbow similarity 256 replies

Similarity Stuff 17 replies

Directional Similarity 0 replies

Attachments: The similarity system
Exit Attachments

The similarity system

  • #4,941
  • Aug 19, 2013 10:06am Aug 19, 2013 10:06am
Quoting vlady1974
{quote} What's IBM trading? As in the stock?
Im Bagging Money ???
I want more brain power!
  • #4,942
  • Aug 19, 2013 10:23am Aug 19, 2013 10:23am
Quoting cfdtaleong
{quote} Im Bagging Money ???
Lol. Downtrend is stil not complete. So watch out.
  • #4,943
  • Aug 19, 2013 10:29am Aug 19, 2013 10:29am
Quoting Eurusdd
{quote} Me think a proper fall is developing. eurusd will consider that top again from a number below 1.3335
I trade using only the semafor for direction and your zigzag/stochastic mismatches for price disimilarities to return to. It is clean, simple and profitable for me and I thank you hugely for it .

I currently have only one price mismatch awaiting clearance which is at 1.33146 and was formed by both M1 and M15 at 9.30-9.41 this morning (Alpari time). i.e. stoch reached zero but was not matched by a new semafor. This target has served me very well today but, respecting your judgement that 1.3310 is the intermediate bottom (and the fact that we are at a point of heavy resistance), I have exited most of my position in case it reaches a new high in the meantime. On past experience however, I am confident it will revisit 1.3314 in the not too distant future.
  • #4,944
  • Aug 19, 2013 12:13pm Aug 19, 2013 12:13pm
eurusd is closing in on 1.3335 now. Lol. The system I have knows exactly how far a major/minor trend muct continue before a change and we can identify tops/bottoms accurately. Most of the time - what I say will not make sense but price will confirm.
This mini-downtrend will end below 1.3335 like I said. I am not watching the market now so -tomorrow.
  • #4,945
  • Aug 19, 2013 12:19pm Aug 19, 2013 12:19pm
Please excuse my ignorance, but how does the phenomena help to determine something which is not otherwise available?

I understand the delta is created by development of an impulsive move. Stochastic on shorter timeframe is faster i.e. gets new candle closes as old candles fall off the calculation while on higher timeframe price still works on the same candle.

Consolidation zone around the divergence hot spots are likely representing support and resistance zone anyway. I have not noticed in the posted examples that the hot spots are attractive to price. The charts show price typically overshooting them.

The spots could be used as some approximation of support resistance levels by some EAs, but I do not observe much of benefit when trading off charts.

Am I missing something or failing to observe some benefit?
  • #4,946
  • Aug 19, 2013 12:21pm Aug 19, 2013 12:21pm
over the next 99 mins, the low is restricted to 1.3326.
  • #4,947
  • Aug 19, 2013 12:23pm Aug 19, 2013 12:23pm
Quoting grin
Please excuse my ignorance, but how does the phenomena help to determine something which is not otherwise available? I understand the delta is created by development of an impulsive move. Stochastic on shorter timeframe is faster i.e. gets new candle closes as old candles fall off the calculation while on higher timeframe price still works on the same candle. Consolidation zone around the divergence hot spots are likely representing support and resistance zone anyway. I have not noticed in the posted examples that the hot spots are attractive to...
lol. are you on the correct thread?
  • #4,948
  • Aug 19, 2013 12:34pm Aug 19, 2013 12:34pm
Quoting Eurusdd
{quote} lol. are you on the correct thread?
I am. You made an interesting observation, but price does not move in straight lines. It bounces between supports and resistances. Inevitably it hits the hot spots along the way, but the price actually appears to be driven by other factors. I could be missing something... I am asking to understand the spots' possible utility better.
  • #4,949
  • Aug 19, 2013 12:35pm Aug 19, 2013 12:35pm
EURUSDD, these levels. Is it possible to read it from chart comparing for example price and stoch in relation to BB? I saw a difference Iread as insignificant at this long candle north today. Is it coincidence that 1.3335 is somehow low of that candle? (M15 tf)
I'm trying to figure out and understood better. I remeber that after similarity is restored price returns to the point where dissimilarity started, however I understood that it is rater dificult since it may take a time and price may go long way away from that point before she returns there.
Time matters most
  • #4,950
  • Aug 19, 2013 1:58pm Aug 19, 2013 1:58pm
eurusd is below 1.3335 now and we have 3 mins more for the support 1.3326 to hold.
  • #4,951
  • Aug 19, 2013 2:11pm Aug 19, 2013 2:11pm
Quoting Eurusdd
eurusd is below 1.3335 now and we have 3 mins more for the support 1.3326 to hold.
Cool. Already had a buy limit at 3322
A pip is only worth it if you know how much you risked to earn it
  • #4,952
  • Aug 19, 2013 3:27pm Aug 19, 2013 3:27pm
agreement on all time-frames developing @ 1.3326 mark!!! This mini-downtrend could be ending....
  • #4,953
  • Edited 6:35pm Aug 19, 2013 5:45pm | Edited 6:35pm
downtrend done! up limited to 1.3346 for the next 200mins
  • #4,954
  • Aug 19, 2013 7:09pm Aug 19, 2013 7:09pm
Quoting Eurusdd
downtrend done! up limited to 1.3346 for the next 200mins
How do you go about time projections?
  • #4,955
  • Aug 19, 2013 10:54pm Aug 19, 2013 10:54pm
Quoting grin
{quote} How do you go about time projections?
He is a wizzard, you know, black cat, bat (his leg), the cup and the tea (leafs)... then you get it all
Time matters most
  • #4,956
  • Aug 19, 2013 11:04pm Aug 19, 2013 11:04pm
Quoting grin
{quote} How do you go about time projections?
Seriously, read this thread, and three others. You will not find complete solution, but first steps opening the whole universe for you
The only problem is that while reading 1 post you will experience 3 new coming, LOL

But all this, all these views, questiona, answers, explanations, analysis help in understanding the principle and its application.
Time matters most
  • #4,957
  • Aug 19, 2013 11:56pm Aug 19, 2013 11:56pm
Daily chart.

Usig template from EURUSDD

Attached Image (click to enlarge)
Click to Enlarge Name: 0820eurusddaily.png Size: 45 KB


When looking carefuly... I marked with red verticals three dissimilarities on the chart (didn't look for more for now).

first one 24/7, you can see that on the following day price is going where it started, it looks like similarity is back on that day also
31/7: following day price eats the low of the candle and similarity is restored on that day, but top of the candle is passed on 7/08
14/08: similarity restored on the following day, dissimilarity candle eaten.

EDIT: These candles shall be corrected after similarity is restored, could it be the like above?

There is small piece to be corrected yet, not marked here. If I'm riht we need to go for 1.34088 at least. this will also make this ZigZag looking nicer

The question is... time. it may coincide with FED statement or other interesting information finance word is waiting for, however EURUSDD presented here also some "nonsense" moves, technical corrections, probably not the case here.
Time matters most
  • #4,958
  • Aug 20, 2013 12:53am Aug 20, 2013 12:53am
For the next 730mins, eurusd will be restricted to levels below 1.3398.
  • #4,959
  • Aug 20, 2013 1:15am Aug 20, 2013 1:15am
this up will continue but it is limited to levels below 1.3398
  • #4,960
  • Aug 20, 2013 1:21am Aug 20, 2013 1:21am
agreement achieved. Now we wait for 1min chart signal to signify trend change. This up is potentially dead.
4 traders viewing now