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The similarity system

  • #6,241
  • Aug 19, 2014 11:32am Aug 19, 2014 11:32am
@vlady1974 @kprsa

Today's 2 possible M5 short setup (red arrows). Thinking aloud.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-08-20 at 2.26.34 AM.png Size: 83 KB
Pivot Boss in the making~
  • #6,242
  • Aug 19, 2014 11:37am Aug 19, 2014 11:37am
Quoting vlady1974
{quote} I'm using everything I know: Test/Retest & classic S/R and Breakouts Candlestick patterns. Fake Moves ZZ Bollinger on 5M, 15M, 1H 300EMA on 1H and translations to 5M in combination with Transient/Recurrent. TRZ! I don't use trendlines because they are arbitrary lines. I like things that relate Price to Time and vice versa. The good thing about TRZ is that h = time, k = .............
k = distance / length?
  • #6,243
  • Aug 19, 2014 11:39am Aug 19, 2014 11:39am
Quoting kprsa
{quote} It appears as if the probability is very high (>80%) for such a scenario. I do not know if it would go lower though. Need something faster than MT4...
Scratch that, probability to go to 1.3312 now is small, less than 4% in the next 12 hours... Sorry.
  • #6,244
  • Aug 19, 2014 11:42am Aug 19, 2014 11:42am
Quoting Freefox
Here's the promised indicator that draws the transient zones around fractals {file} It's pretty self explanatory. Not had chance to test it obviously when market is open but should be okay. May develop it further to identify recurrent zones too but need to work out in my own head first exactly how that would be done and if it would in fact be useful. Let me know if there are any issues or questions. Hope it proves useful. {image}
Can anyone modify this indicator so that the fractal zones won't disappear every time a new candle forms? Much appreciated. http://www.forexfactory.com/showthread.php?p=7680007#post7680007
Pivot Boss in the making~
  • #6,245
  • Aug 19, 2014 11:43am Aug 19, 2014 11:43am
Quoting stt
{quote} if we go to 3310, EURUSDD's explorer will be in pain (>30% drawdown). if we go down 40 pips from here (without first going above 3330), his account will blow up. so you are really against his position currently. we know who has been correct in the past :-)
hey Stt, not seeing his explorer. Wasn't watching it to be fair.
As per usual, if orders today aren't triggered, I close and reevaluate after Asian session.
A pip is only worth it if you know how much you risked to earn it
  • #6,246
  • Aug 19, 2014 11:48am Aug 19, 2014 11:48am
Quoting jurn_e
@vlady1974 @kprsa Today's 2 possible M5 short setup (red arrows). Thinking aloud. {image}
Yes, this looks good.
  • #6,247
  • Aug 19, 2014 11:51am Aug 19, 2014 11:51am
Quoting LITEchild
{quote} ...hmmm...still beg to differ..for now. 3110 still in my crosshairs...
Freedom dear. It is a free world!!!
  • #6,248
  • Aug 19, 2014 11:59am Aug 19, 2014 11:59am
Quoting Eurusdd
{quote} Freedom dear. It is a free world!!!
as far as you stay away from the territory of the 3%
As Above, So Below
  • #6,249
  • Aug 19, 2014 12:04pm Aug 19, 2014 12:04pm
Quoting Eurusdd
{quote} Freedom dear. It is a free world!!!
thats what make market a market.

BTW Eurusdd, can you tell what made you go long at 3328 today morning. were you expecting the zone from 3340 to 3335 transient and thus were expecting 3335 to 3330 as reoccuring and thus price should have gone back quickly to 3335.

TIA
Think : Trade : Live Life
  • #6,250
  • Aug 19, 2014 12:05pm Aug 19, 2014 12:05pm
Quoting vlady1974
{quote} I'm using everything I know: Test/Retest & classic S/R and Breakouts Candlestick patterns. Fake Moves ZZ Bollinger on 5M, 15M, 1H 300EMA on 1H and translations to 5M in combination with Transient/Recurrent. TRZ! I don't use trendlines because they are arbitrary lines. I like things that relate Price to Time and vice versa. The good thing about TRZ is that h = time, k = .............
Did u try a bazooka? LOL
  • #6,251
  • Aug 19, 2014 12:30pm Aug 19, 2014 12:30pm
Quoting vlady1974
{quote} I'm using everything I know: Test/Retest & classic S/R and Breakouts Candlestick patterns. Fake Moves ZZ Bollinger on 5M, 15M, 1H 300EMA on 1H and translations to 5M in combination with Transient/Recurrent. TRZ! I don't use trendlines because they are arbitrary lines. I like things that relate Price to Time and vice versa. The good thing about TRZ is that h = time, k = .............
i am sure many have probably figured out what this optimal "k" is but i am not there yet...
i have always had that idea of studying the areas where price hates to stay and loves to be - where it keeps coming back. the good news is now we know how to use this but the not so good news is that we still need to find out why some areas are transient and why some are recurrent.
As Above, So Below
  • #6,252
  • Aug 19, 2014 12:42pm Aug 19, 2014 12:42pm
would anyone mind converting this , Fractal_Zones.ex4 (http://www.forexfactory.com/attachment.php?attachmentid=1491477&d=1408297859) , to an mq4 format please? having a crazy time trying to download it...thank you in advance...X
  • #6,253
  • Aug 19, 2014 12:45pm Aug 19, 2014 12:45pm
Quoting tashkent
{quote} i am sure many have probably figured out what this optimal "k" is but i am not there yet... i have always had that idea of studying the areas where price hates to stay and loves to be - where it keeps coming back. the good news is now we know how to use this but the not so good news is that we still need to find out why some areas are transient and why some are recurrent.
I do not think that there is just one optimal k setting for any time frame. I think there is a optimal range for k relative to the current price = p.

I have been doing it by looking at the transient zones as they appear and using an idea (secret for now until proven absolute) to calculate how many bars it will take to come back to the transient zone.
  • #6,254
  • Aug 19, 2014 1:01pm Aug 19, 2014 1:01pm
Quoting Neio
{quote} Still trying to figure this part out. What is the price-active region? I still have a target of of 1.3372 for the underside of a currently transcient zone which will probably close in the next 30 minutes (CORRECTION another hour) based on my h bar setting for 15m tf. I feel that the current zone is too high and price needs to cut back into it a bit more. I guess we will find out in the next 30 minutes or so... CORRECTION I have about another HOUR

Here are a couple interpretations I have come up with. The active region could be the height of the potential zone.
OR the active region could be the ATR for the h value - I think you'd need to use a higher timeframe to determine the ATR. For eg. using h=60 on a 1 minute chart, you'd need to look at the ATR of the 1 hr timeframe to determine average movement over 60 bars on the 1 minute time frame.
  • #6,255
  • Aug 19, 2014 1:06pm Aug 19, 2014 1:06pm
Quoting josh11
1.3322 next target for me! lets see
Target hit £££££
  • #6,256
  • Aug 19, 2014 1:32pm Aug 19, 2014 1:32pm
Quoting jurn_e
{quote} Can anyone modify this indicator so that the fractal zones won't disappear every time a new candle forms? Much appreciated. http://www.forexfactory.com/showthread.php?p=7680007#post7680007

Yes, I'm modifying it so it works real time plus calculates the interbar transient zones too.

New version will be posted soon.
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #6,257
  • Aug 19, 2014 1:45pm Aug 19, 2014 1:45pm
freefox...can you please post it in a mq4 format? much thanks if you could...X
  • #6,258
  • Aug 19, 2014 1:52pm Aug 19, 2014 1:52pm
Attached Image (click to enlarge)
Click to Enlarge Name: transientzones.jpg Size: 299 KB
  • #6,259
  • Aug 19, 2014 1:58pm Aug 19, 2014 1:58pm
Quoting Freefox
{quote} Yes, I'm modifying it so it works real time plus calculates the interbar transient zones too. New version will be posted soon.
oh god, so you are telling me I need to refresh this page upcoming night ?
  • #6,260
  • Aug 19, 2014 2:00pm Aug 19, 2014 2:00pm
Quoting josh11
{quote} Target hit £££££
Hi Josh, how did you come up with 1.3322?
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