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The similarity system

  • #6,761
  • Aug 22, 2014 2:40am Aug 22, 2014 2:40am
I see us closing above 1.3378 and 1hr trendline holds, if that condition satisfies we are going back up after we break 15mins trend line up
if these conditions don't satisfy i will change bias from long
  • #6,762
  • Aug 22, 2014 2:47am Aug 22, 2014 2:47am
Quoting ephisi
I see us closing above 1.3378 and 1hr trendline holds, if that condition satisfies we are going back up after we break 15mins trend line up if these conditions don't satisfy i will change bias from long
i meant closing in the next 1hr, in 13minutes time
  • #6,763
  • Aug 22, 2014 2:49am Aug 22, 2014 2:49am
was there any new? that retracement was too strong and fast
  • #6,764
  • Aug 22, 2014 2:59am Aug 22, 2014 2:59am
Quoting ephisi
I see us closing above 1.3378 and 1hr trendline holds, if that condition satisfies we are going back up after we break 15mins trend line up if these conditions don't satisfy i will change bias from long
5minutes trenline broke 15mins trenline breaking condition about to be satisfied to stay bulish, if it does go up the move is going to be violent
  • #6,765
  • Aug 22, 2014 3:04am Aug 22, 2014 3:04am
That daily open line still doing a nice support job - long may it continue.
  • #6,766
  • Aug 22, 2014 3:08am Aug 22, 2014 3:08am
Quoting ephisi
{quote} 5minutes trenline broke 15mins trenline breaking condition about to be satisfied to stay bulish, if it does go up the move is going to be violent
sound money management stoplosses in place. We wont always be right
  • #6,767
  • Aug 22, 2014 3:11am Aug 22, 2014 3:11am
Quoting handy148
That daily open line still doing a nice support job - long may it continue.
never took daily open line serious until you mentioned it. thanks bro. did you know that previous days high and low also works like daily open
  • #6,768
  • Aug 22, 2014 3:22am Aug 22, 2014 3:22am
Yes m8 - I've got more lines on my chart than a London tube map lol.
  • #6,769
  • Aug 22, 2014 3:31am Aug 22, 2014 3:31am
Quoting handy148
Yes m8 - I've got more lines on my chart than a London tube map lol.
everyone take note lines are key.
  • #6,770
  • Aug 22, 2014 3:33am Aug 22, 2014 3:33am
Quoting ephisi
I see us closing above 1.3378 and 1hr trendline holds, if that condition satisfies we are going back up after we break 15mins trend line up if these conditions don't satisfy i will change bias from long
Quoting ephisi
{quote} 5minutes trenline broke 15mins trenline breaking condition about to be satisfied to stay bulish, if it does go up the move is going to be violent
condition satisfied and we went back up. that was a crazy retracement i missed the short cos i was posting
  • #6,771
  • Aug 22, 2014 3:38am Aug 22, 2014 3:38am
Quoting handy148
Yes m8 - I've got more lines on my chart than a London tube map lol.
A pip is only worth it if you know how much you risked to earn it
  • #6,772
  • Aug 22, 2014 3:39am Aug 22, 2014 3:39am
we need 1hr candle to close above 88 in order to satistfy the condition to move up easily. if we close below 88 move up will be difficult
  • #6,773
  • Aug 22, 2014 3:41am Aug 22, 2014 3:41am
recurrence statistic indi measures problem bars , transient and fractal. Would someone explain what is the difference between them?
  • #6,774
  • Aug 22, 2014 3:43am Aug 22, 2014 3:43am
Quoting ephisi
{quote} just as i expected. Now 1.3303 next on the card 1,3344 next after 1.3303 then master eurusdd will appear with his trade explore. then there will be a rapture. all those against eurusdd will be sent to forex hell while thise for eurusdd will be sent to forex heaven guys i just got my 3 and 4th eureka moment today 3 had to do with combining timeframes from monthly to 1minuet to sort out conflicts between two timeframe directions and also to know when to hold and when to scalp. ie trading with trend and against trend...
FOUND IT!

LOL completely missed this one mate!
Yep, I'm all up for it!
A pip is only worth it if you know how much you risked to earn it
  • #6,775
  • Aug 22, 2014 3:44am Aug 22, 2014 3:44am
Quoting ephisi
we need 1hr candle to close above 88 in order to satistfy the condition to move up easily. if we close below 88 move up will be difficult
"Opens"
A pip is only worth it if you know how much you risked to earn it
  • #6,776
  • Aug 22, 2014 3:52am Aug 22, 2014 3:52am
Quoting vlady1974
{quote} "Opens"
opens?
  • #6,777
  • Aug 22, 2014 3:52am Aug 22, 2014 3:52am
Quoting feline207
recurrence statistic indi measures problem bars , transient and fractal. Would someone explain what is the difference between them?
Also, I still want to learn the difference between full transient and what you call left side transient.
Is there anyone willing to explain, thanks
  • #6,778
  • Aug 22, 2014 3:53am Aug 22, 2014 3:53am
bearish divergence on 1hr not good for bulls
  • #6,779
  • Aug 22, 2014 3:55am Aug 22, 2014 3:55am
Quoting feline207
recurrence statistic indi measures problem bars , transient and fractal. Would someone explain what is the difference between them?
Hi,
I coded the indicator.
The problem bars come in two types: transient and fractal.

Example for a possible transient bar: high of a current candle is higher than maximum of h previous candles, and the close of the current candle occurs above that maximum as well. It becomes a true transient bar if the area between the close and the previous max is not completely cleared in the subsequent h candles.
Example for a possible fractal bar: high of a current candle is higher than maximum of h previous candles, but the close of the current candle occurs below that maximum. It becomes a true fractal bar (i.e. a h-fractal) if the area between the high and the previous max is not completely cleared in the subsequent h candles.

The indicator does not have good graphical options at the moment, but I hope to change this in the next incarnation (edit: the next incarnation of the indicator, not my next incarnation, hopefully)...

This indicator gives you the frequency of occurence of possible problem bars (separately for transient and fractal), frequency of them becoming a true problem bars (i.e. probability of them not being completely cleared) and mean sizes for the transient/fractal areas in price which remained uncleared <k>. It allows you to estimate the probability of reaching within <k>, 2<k>, 3<k> of clearing the problem (transient or fractal) zone in the next h-bars.

Cheers,
kprsa
  • #6,780
  • Aug 22, 2014 3:57am Aug 22, 2014 3:57am
Quoting ephisi
bearish divergence on 1hr not good for bulls
we are closeing below 88 so i will take the next 30mins TRZ short signal
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