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  • #141
  • Dec 4, 2013 11:42am Dec 4, 2013 11:42am
Quoting Waez
Hi, would one easy way of finding a good correlation between stoch and price to find a large number of stoch values that overlap? In the pic below you see stoch value from 300 to 1225 that perfectly overlap and the price and stoch graphs look the same. Cheers Waez {image}
Good contribution. But you must always pay attention to the slope of the EMA whose period is the period of the main stoch you chose. If the slope is tending to flat, then you can pick good trades.
  • #142
  • Dec 4, 2013 11:48am Dec 4, 2013 11:48am
Quoting Waez
Hi, would one easy way of finding a good correlation between stoch and price to find a large number of stoch values that overlap? In the pic below you see stoch value from 300 to 1225 that perfectly overlap and the price and stoch graphs look the same. Cheers Waez {image}
The 300 value for stoch that you chose will not last long because the 300-EMA cannot remain relatively-flat on your chart most of the time. It is easily affected by a strong move. In that case, the stoch will kiss the top/bottom many times and easily fall out of sync.

On the 1min chart chose at least 1500
  • #143
  • Dec 4, 2013 12:14pm Dec 4, 2013 12:14pm
Quoting xandi
{quote} the way I see it I found dissimilarity here(chart), and price had to return there with stochastic in order to this time being sidebyside, being similar, that in order to bulls can return their ride...if not, if we see again price droping with stoch already at 0, we will have another dissimilarity and bear continuation...hope I have help..Eurusdd explain that very well on his original similarity thread! enjoy {image}
I'm still hitting myself for not taking that trade, 15pips SL 70 pips TP 4:1 trade!
Gap closed nicely.
I scaled up to M5 so I can zoom out better
Attached Image (click to enlarge)
Click to Enlarge Name: EXTREME TRADING 14.png Size: 108 KB
Let it turn and find your entry.
  • #144
  • Dec 4, 2013 12:19pm Dec 4, 2013 12:19pm
Quoting sanmiguell
{quote} IS THIS A JOKE? You're trading with divergence and you call it holy grail?

I did not say THIS IS THE HOLY GRAIL, I said "as near to the HG as possible" I've been studying this approach and it's consistent and repeatable but not without losses.

EURUSDD keeps hammering on MM if this was the HG there would be no need for MM you'd be able to bet the farm.
Let it turn and find your entry.
  • #145
  • Dec 4, 2013 1:36pm Dec 4, 2013 1:36pm
Quoting Eurusdd
{quote} The 300 value for stoch that you chose will not last long because the 300-EMA cannot remain relatively-flat on your chart most of the time. It is easily affected by a strong move. In that case, the stoch will kiss the top/bottom many times and easily fall out of sync. On the 1min chart chose at least 1500
Like this? On the pic there are 2 stochs value 1111 and 1600 that perfectly overlay while the main period 1111EMA is flat. The price is close to the 1111EMA while the stoch is in the upper range. Do you think this is good setup for a short trade?

Waez

http://i42.tinypic.com/dqg3o8.gif
  • #146
  • Dec 4, 2013 1:57pm Dec 4, 2013 1:57pm
Quoting Waez
{quote} Like this? On the pic there are 2 stochs value 1111 and 1600 that perfectly overlay while the main period 1111EMA is flat. The price is close to the 1111EMA while the stoch is in the upper range. Do you think this is good setup for a short trade? Waez {image}
This looks much better but remember, your ema must be tending to flat or flat always. That is the best way to catch good trades. There will be many values for ema that will satisfy that condition
  • #147
  • Dec 4, 2013 3:39pm Dec 4, 2013 3:39pm
Quoting Eurusdd
{quote} Fibo and stoch are basically the same thing!! There is a way to prove that.
Let me try,

If stoch's period = X, then set a Fibo with high/low of the last X bars

At the moment, with X = 1000 on M1, we have this
Attached Image (click to enlarge)
Click to Enlarge Name: FIBO.jpg Size: 110 KB


So we take an entry near the high/low and SL should be just few pips above the high/below the low?
  • #148
  • Dec 4, 2013 9:46pm Dec 4, 2013 9:46pm
Quoting BlueSoCoool
{quote} Let me try, If stoch's period = X, then set a Fibo with high/low of the last X bars At the moment, with X = 1000 on M1, we have this {image} So we take an entry near the high/low and SL should be just few pips above the high/below the low?
You are 99% right. The problem though is this: stoch is calculated on the close of price therefore, you must fix your fibo on the highest and lowest closes for the period X. You will then find that the value of stoch and the 1EMA will be the same.
  • #149
  • Dec 4, 2013 11:34pm Dec 4, 2013 11:34pm
Quoting Eurusdd
{quote} You are 99% right. The problem though is this: stoch is calculated on the close of price therefore, you must fix your fibo on the highest and lowest closes for the period X. You will then find that the value of stoch and the 1EMA will be the same.

How 1ema value can be equal to stock value? For 2000 period i have 1ema =1.3629 stoc=90.46 and High close fib at 1.3635 and Low close fib at 1.3529. Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdd.png Size: 50 KB
  • #150
  • Dec 4, 2013 11:58pm Dec 4, 2013 11:58pm
Quoting Eurusdd
{quote} You are 99% right. The problem though is this: stoch is calculated on the close of price therefore, you must fix your fibo on the highest and lowest closes for the period X. You will then find that the value of stoch and the 1EMA will be the same.
So you mean stoch's price field should be close/close not high/low ?
And do you think those fibo levels (61.8, 38.2,...) are useful ?

Thanks
  • #151
  • Dec 5, 2013 12:04am Dec 5, 2013 12:04am
Quoting BlueSoCoool
{quote} So you mean stoch's price field should be close/close not high/low ?

He means stoch price field should be close ( stoch is calculated on the close of price originally) and fibs should drawn from highets close to lowest close with in period. Adjust your fib levels and don't use from HH to LL fibs
  • #152
  • Dec 5, 2013 3:35am Dec 5, 2013 3:35am
A strong fall in the short term (this week) is possible. Still analyzing.
  • #153
  • Dec 5, 2013 3:40am Dec 5, 2013 3:40am
There is one problem and it is 1.35648!!!
  • #154
  • Dec 5, 2013 3:42am Dec 5, 2013 3:42am
Quoting Eurusdd
There is one problem and it is 1.35648!!!
What about this price?
Faith ends where worry begins, and worry ends where faith begins.
  • #155
  • Dec 5, 2013 3:57am Dec 5, 2013 3:57am
Quoting forexvegan
{quote} What about this price?
That price is the barrier price. I gave it 2 days ago on the eurusd thread and eurusd went up against the expectations of many. 1.35648 is the level that the daily bar must close below for bulls to lose the fight. Bears tried to do that yesterday but their efforts were quickly reversed!!!
Why: Bulls have a target up there that they want to reach. If the daily bar closes below 1.35648, sleeper-cells will see it as a sign to sell heavily!!!
WATCH THIS !

Therefore, any sell that takes price below 1.35648, will reverse quickly within a day
  • #156
  • Dec 5, 2013 4:04am Dec 5, 2013 4:04am
Hi Eurusdd,
I am amazed with the results you present. I hope someday to be able to do something like that. Thanks you for sharing your knowledge.
  • #157
  • Dec 5, 2013 6:00am Dec 5, 2013 6:00am
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 67 KB
I hope you all saw how BULLS came in to send eurusd above 1.35648 again!!! HAHAH
  • #158
  • Dec 5, 2013 6:10am Dec 5, 2013 6:10am
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 30 KB
  • #159
  • Dec 5, 2013 6:31am Dec 5, 2013 6:31am
unfortunately eurusdd we're not all experienced traders as you
I know if I gave you any system to work with, you'll success
without your calls we will be lost if we use the 3 plan
the same with similarity price well come back sooner or within 14 days later but when to take the action this thing i seemed to miss always
Im sorry for bringing the negative things but this where I'am
does your system has anything to do with fractal geometry?
  • #160
  • Dec 5, 2013 6:49am Dec 5, 2013 6:49am
Quoting MBEng
Hi Eurusdd, I am amazed with the results you present. I hope someday to be able to do something like that. Thanks you for sharing your knowledge.
It is all about where price closes. The rest is noise!!
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