The similarity system | Page 279 | 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

  • #5,561
  • Aug 14, 2014 5:04am Aug 14, 2014 5:04am
as i see downward should start in about one hour. It should stay above 13370 level till then. So i will wait with shorting.
  • #5,562
  • Aug 14, 2014 5:07am Aug 14, 2014 5:07am
Quoting vlady1974
{quote} Yep, that's fine. It's your style! You shorted when price made an extreme. I would place my SL closer. Your target is the DS prices (towards) which is good. I'm not sure of your pending Buys. It assumes that it will reverse (which it could do)... but isn't it better to wait? Just thoughts. Just remember that currently we are in consolidation or sideways market. Trending is different behaviour. Reversals are also different.... a mixture of consolidation and trending....all in the same timeframe
Uncanny! I had just taken a closer look at my charts again, cancelled the pending buys,(wait to see what PA would do there), and then came here and read your post!!!
  • #5,563
  • Aug 14, 2014 5:14am Aug 14, 2014 5:14am
Quoting LITEchild
{quote} Uncanny! I had just taken a closer look at my charts again, cancelled the pending buys,(wait to see what PA would do there), and then came here and read your post!!!
There you go - it's making you a better trader by getting you to question your trading motives!

And don't get me wrong, you will make mistakes. But it's better to know why first than try and figure out the reason after including suffering the loss.
In this case, your strategy of trading TOWARDS the DS price didn't match your pending trades. Excellent!
A pip is only worth it if you know how much you risked to earn it
  • #5,564
  • Aug 14, 2014 5:24am Aug 14, 2014 5:24am
Quoting vlady1974
{quote} There you go - it's making you a better trader by getting you to question your trading motives! And don't get me wrong, you will make mistakes. But it's better to know why first than try and figure out the reason after including suffering the loss. In this case, your strategy of trading TOWARDS the DS price didn't match your pending trades. Excellent!
  • #5,565
  • Aug 14, 2014 5:26am Aug 14, 2014 5:26am
I've tweaked my indicators slightly and can now clearly see the mismatch at 1.33478.

I now have three levels:

1.33478
1.33762
1.33918

Unfortunately I've never learnt how to predict the order they wil be taken out so I have both buys and sells in place. Let's see.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm1 aug14v2.png Size: 67 KB
  • #5,566
  • Aug 14, 2014 5:37am Aug 14, 2014 5:37am
Quoting hepsibah
I've tweaked my indicators slightly and can now clearly see the mismatch at 1.33478. I now have three levels: 1.33478 1.33762 1.33918 Unfortunately I've never learnt how to predict the order they wil be taken out so I have both buys and sells in place. Let's see. {image}

How exactly did you conclude the mismatch?
If you fall, I shall be there. - The floor
  • #5,567
  • Aug 14, 2014 5:43am Aug 14, 2014 5:43am
Quoting samaralala
{quote} How exactly did you conclude the mismatch?
As per the similarity concept, I have two indicators that are supposed to measure the same thing and agree most of the time. When they do not match, I mark the level.

1.33762 and 1.33918 have now been taken out. Nice! Now let's see if it can take out 1.33478.
  • #5,568
  • Aug 14, 2014 5:48am Aug 14, 2014 5:48am
Quoting hepsibah
I've tweaked my indicators slightly and can now clearly see the mismatch at 1.33478. I now have three levels: 1.33478 1.33762 1.33918 Unfortunately I've never learnt how to predict the order they wil be taken out so I have both buys and sells in place. Let's see. {image}
Frigging awesome!
A pip is only worth it if you know how much you risked to earn it
  • #5,569
  • Aug 14, 2014 5:51am Aug 14, 2014 5:51am
Quoting vlady1974
{quote} Frigging awesome!

Thank you .

I also have a level at 1.34193 on the M15 so it may go there first. Wish I understood the timing element.
  • #5,570
  • Aug 14, 2014 5:53am Aug 14, 2014 5:53am
Quoting hepsibah
{quote} As per the similarity concept, I have two indicators that are supposed to measure the same thing and agree most of the time. When they do not match, I mark the level. 1.33762 and 1.33918 have now been taken out. Nice! Now let's see if it can take out 1.33478.
Is it the ZZ semaphor indicator you're talking about? What is the other one?
  • #5,571
  • Aug 14, 2014 5:55am Aug 14, 2014 5:55am
Quoting hepsibah
{quote} As per the similarity concept, I have two indicators that are supposed to measure the same thing and agree most of the time. When they do not match, I mark the level. 1.33762 and 1.33918 have now been taken out. Nice! Now let's see if it can take out 1.33478.
care to elaborate please on those indicators ?
from that pic i cant understand many things....and from vlady`s comment...seems it is awesome

thanks in advance
  • #5,572
  • Aug 14, 2014 5:55am Aug 14, 2014 5:55am
Quoting hepsibah
I've tweaked my indicators slightly and can now clearly see the mismatch at 1.33478. I now have three levels: 1.33478 1.33762 1.33918 Unfortunately I've never learnt how to predict the order they wil be taken out so I have both buys and sells in place. Let's see. {image}
Are you using a 5 min chart in conjunction with the 1 min to filter the levels? It may help you choose the right one first, I do that with the Semaphores.
  • #5,573
  • Aug 14, 2014 6:07am Aug 14, 2014 6:07am
Quoting Freefox
It’s a shame that EURUSDD has decide to abandon the thread (for now at least), he’s got an obvious talent but I would have liked for him to hang around to learn more insights from him.
This thread is his (eurusdd) kid, so he probably stops in to see how it's doing. But the kid (thread) has grown into a teenager, so time to
give the kid some independence (even though the kid does some silly things). Anyway, I'm looking everywhere for divergences now (like on my H-A's), thanks to eurusdd. Divergences are an ancient thing, but I like his take on it.
Vita est simillimus forexum(Life is like forex)
  • #5,574
  • Aug 14, 2014 6:07am Aug 14, 2014 6:07am
Quoting vlady1974
Some other notes I've compiled. One is regarding the zones and the numbers required to match the equivalence of time. For whatever reason, we are using 4500 minutes. I can't remember where this comes from. In my previous post, I mentioned a PDF in the attachments section - that was a compilation of posts from the thread specifically about Stochastics and Bollinger. It's the basis and foundation of the ZigZag Bollinger Method. Attached is my unfinished draft of my notes on the method. DISCLAIMER: These are unfinished or works in progress. Adapt them...
That helped. Thanks!
  • #5,575
  • Aug 14, 2014 6:11am Aug 14, 2014 6:11am
Stopped out.
Re-entered same price. 3395.5, SL to BE.
TP open. Can't see why it couldn't get to 3295 in the next 3-8 trading days.
A pip is only worth it if you know how much you risked to earn it
  • #5,576
  • Aug 14, 2014 6:11am Aug 14, 2014 6:11am
Quoting Baillie
{quote} Are you using a 5 min chart in conjunction with the 1 min to filter the levels? It may help you choose the right one first, I do that with the Semaphores.
To be honest, I just look at all timeframes to mark the levels then start with those on the lower tf's first. I suppose I should be filtering by finding levels that occur on multiple tf's?

bradu - you should start with whichever indicators you are most comfortable with and find two of them that almost always match. There are several examples at the beginning of the thread as a starting point. Personally I am not comfortable with bollinger bands so I have worked on ones that suit me best. We are all different so it needs to be your own version to suit your personality (and the work you need to put in to find them will be invaluable).
  • #5,577
  • Aug 14, 2014 6:15am Aug 14, 2014 6:15am
Quoting hepsibah
{quote} To be honest, I just look at all timeframes to mark the levels then start with those on the lower tf's first. I suppose I should be filtering by finding levels that occur on multiple tf's? bradu - you should start with whichever indicators you are most comfortable with and find two of them that almost always match. There are several examples at the beginning of the thread as a starting point. Personally I am not comfortable with bollinger bands so I have worked on ones that suit me best. We are all different so it needs to be your own version...
I was going to ask you what indies you chose but thought the better of it.Your view of trying to see the same signal on multiple TFs is on the right track.While it won't have the predictive power of Eurusdd's it may help you prioritise which DS prices will last longer.The more closer they are to current price action, the smaller the TF.... is my observation.
A pip is only worth it if you know how much you risked to earn it
  • #5,578
  • Aug 14, 2014 6:16am Aug 14, 2014 6:16am
Quoting vlady1974
Stopped out. Re-entered same price. 3395.5, SL to BE. TP open. Can't see why it couldn't get to 3295 in the next 3-8 trading days.
1.3295 is a level I have as a long range target also, like where your going with your analysis
  • #5,579
  • Aug 14, 2014 6:19am Aug 14, 2014 6:19am
currently the EM1 are outside BBTOP with ZZTOP. but the price is not moving down?
  • #5,580
  • Aug 14, 2014 6:33am Aug 14, 2014 6:33am
Quoting vlady1974
Stopped out. Re-entered same price. 3395.5, SL to BE. TP open. Can't see why it couldn't get to 3295 in the next 3-8 trading days.
Same here. I think ideal stop should have been at 3415. Moreover, Looking like a bull trap to me. How else will you get them to tighten those stops eh? hehehe.
Attached Image
4 traders viewing now