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The similarity system

  • #7,381
  • Sep 3, 2014 12:40am Sep 3, 2014 12:40am
1.3117 my next target
  • #7,382
  • Sep 3, 2014 12:41am Sep 3, 2014 12:41am
Quoting feline207
{quote} What link do you suggest
Vertices of the n-zigzag are n-fractals.
  • #7,383
  • Sep 3, 2014 12:42am Sep 3, 2014 12:42am
Quoting LITEchild
{quote} ...finally...
  • #7,384
  • Sep 3, 2014 12:54am Sep 3, 2014 12:54am
Quoting NorthTrader
{quote} Silly question maybe, but what's the difference between a fractal zone and a transient zone? From what I've read, fractal zones typically have low h values and are formed at bar ends. I guess this means that all fractal zones are transient zones, but not all transient zones (e.g. mid-bar) are fractal zones? Just wondering if people are using the terms interchangeably or not.
In my terminology, transient (for example when the candle closes above the maximum of previous h bars) and potential fractal (candle closes below the max of previous h bars, even though the high of it was higher than the previous max) are different.
  • #7,385
  • Sep 3, 2014 1:06am Sep 3, 2014 1:06am
Quoting josh11
{quote} I am out at BE, now looking to re-enter soon aiming for 1.3152! With US on holiday might have to be patient

1.3152 Hit.... finally
  • #7,386
  • Sep 3, 2014 1:48am Sep 3, 2014 1:48am
Quoting josh11
{quote} 1.3152 Hit.... finally
Yeah, took a while.
Got a short at 51 and a pending at 59 (target was 61).
A pip is only worth it if you know how much you risked to earn it
  • #7,387
  • Sep 3, 2014 1:50am Sep 3, 2014 1:50am
I can't predict intended direction, however....
All important timeframes have price closed above Bollinger Bar (Top) so the next sequence is lower.
More importantly, it begins at 1H to 15M to 5M to 2M.

Edit:
This doesn't mean it can't print another higher price (ie. a repaint) but hence caution is required and utilisation of other tools in the arsenal, eg. Transient Zones can help with your entry and management of open trades.

Edit Edit:
Don't forget news!
A pip is only worth it if you know how much you risked to earn it
  • #7,388
  • Sep 3, 2014 2:26am Sep 3, 2014 2:26am
The 4H shows that price is at BB midpoint. It would be ideal for it to close below this point (3144ish) which would signal a failure and another retest of the lows.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-4H.JPG Size: 77 KB


The 1H shows the same effect at the midpoint... which when not broken creates the opportunity to retest the highs and create new highs. In addition, the sequencing of the swings suggests a lower move. We shall have to wait as to what the next 2.5 hours before the 4H close will do (12PM).

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-1H.JPG Size: 70 KB


The lower timeframes of 15M and 5M should be pretty self evident. The average daily range had a high of 3164 which helped with my projection of 61. It has currently printed a high of 3156.6... 5 pips so good enough. I'm less for accuracy and more for intent and profitability.
A pip is only worth it if you know how much you risked to earn it
  • #7,389
  • Sep 3, 2014 4:09am Sep 3, 2014 4:09am
Quoting vlady1974
The 4H shows that price is at BB midpoint. It would be ideal for it to close below this point (3144ish) which would signal a failure and another retest of the lows. {image} The 1H shows the same effect at the midpoint... which when not broken creates the opportunity to retest the highs and create new highs. In addition, the sequencing of the swings suggests a lower move. We shall have to wait as to what the next 2.5 hours before the 4H close will do (12PM). {image} The lower timeframes of 15M and 5M should be pretty self evident. The average daily...

Very interesting. 4H closed above.
I closed all shorts. And will wait for a better entry. I don't mind it being lower than 51 or 61. But I'll wait to see what NYC open does. I'm sure they'll want it higher if they fancy shorting into Fri's NFP.
A pip is only worth it if you know how much you risked to earn it
  • #7,390
  • Sep 3, 2014 4:18am Sep 3, 2014 4:18am
Quoting Baillie
{quote} Interesting number you came up with for your short target, I have 1.2756 for mine.
Wow, 6 pips difference for a long term target (> 300 pips), on big TF this is a very small difference. This is what i love from this great concept.
But i think we need time for this, may be until the end of this month ... ??
If NFP pushes it down on next Friday, then it will be faster ...

Thanks Baillie
  • #7,391
  • Sep 3, 2014 4:24am Sep 3, 2014 4:24am
Quoting vlady1974
{quote} Very interesting. 4H closed above. I closed all shorts. And will wait for a better entry. I don't mind it being lower than 51 or 61. But I'll wait to see what NYC open does. I'm sure they'll want it higher if they fancy shorting into Fri's NFP.
Yes, this makes sense Vlady. Before they drops it on Friday, they will push it up first in these 2 days ...
3150 is hit, may be it will hit 3188 or 3218 first before it drops on Friday ... ??
  • #7,392
  • Edited 5:12am Sep 3, 2014 4:46am | Edited 5:12am
be careful with shorts before we hit that level. of course it can go a lot higher than that... and there is always a 2% chance!
  • #7,393
  • Sep 3, 2014 4:46am Sep 3, 2014 4:46am
Quoting cielo55588
{quote} Yes, this makes sense Vlady. Before they drops it on Friday, they will push it up first in these 2 days ... 3150 is hit, may be it will hit 3188 or 3218 first before it drops on Friday ... ??
In at 3158 because of spread. I'm not sure to hold for position or to scalp. Intermediate target via 15M at 3143. If it goes here, I may scalp it and re-enter if the 3160 price range is revisited.
A pip is only worth it if you know how much you risked to earn it
  • #7,394
  • Sep 3, 2014 5:48am Sep 3, 2014 5:48am
Thanks Feline & Vlady,

One question. It is difficult for me to see the difference to get Dis-similarity on 2 TF as on image ( i just see the price on top left of the second window ). Does it means that they are in Similarity state ?
Or i must create a code to get the difference like Ralome did his R1 / R2 ?

Thanks in advance
Attached Image (click to enlarge)
Click to Enlarge Name: Similarity-M15-H1.jpg Size: 72 KB
  • #7,395
  • Sep 3, 2014 6:11am Sep 3, 2014 6:11am
Quoting cielo55588
Thanks Feline & Vlady, One question. It is difficult for me to see the difference to get Dis-similarity on 2 TF as on image ( i just see the price on top left of the second window ). Does it means that they are in Similarity state ? Or i must create a code to get the difference like Ralome did his R1 / R2 ? Thanks in advance {image}
My opinion on this is that the 2 timeframes are mutually exclusive in the sense that you are comparing one timeframe's top window to bottom window only. You're not comparing the bottom window of both timeframes because you are in effect comparing different quantities... there are more 15M bars than 1H bars to get the same 4500 minutes.... so your stochastic waves will be different.

However, having said that, I think that the hourly CLOSE should be the same. So when the 1H prints the new bar, the previous bar's close should have the same value as the last 15 minutes bar - if that makes sense.
A pip is only worth it if you know how much you risked to earn it
  • #7,396
  • Sep 3, 2014 6:13am Sep 3, 2014 6:13am
Quoting vlady1974
{quote} In at 3158 because of spread. I'm not sure to hold for position or to scalp. Intermediate target via 15M at 3143. If it goes here, I may scalp it and re-enter if the 3160 price range is revisited.
Stops to BE and still targeting 3143
A pip is only worth it if you know how much you risked to earn it
  • #7,397
  • Sep 3, 2014 6:22am Sep 3, 2014 6:22am
Quoting vlady1974
{quote} Stops to BE and still targeting 3143
... and out @ 41 for +17
A pip is only worth it if you know how much you risked to earn it
  • #7,398
  • Sep 3, 2014 7:12am Sep 3, 2014 7:12am
Quoting vlady1974
{quote} My opinion on this is that the 2 timeframes are mutually exclusive in the sense that you are comparing one timeframe's top window to bottom window only. You're not comparing the bottom window of both timeframes because you are in effect comparing different quantities... there are more 15M bars than 1H bars to get the same 4500 minutes.... so your stochastic waves will be different. However, having said that, I think that the hourly CLOSE should be the same. So when the 1H prints the new bar, the previous bar's close should have the same...
Yes, this makes sense. Thanks Vlady.
  • #7,399
  • Sep 3, 2014 8:30am Sep 3, 2014 8:30am
15M didn't close outside Bollinger Band (COBB) so I would say it's gonna test the highs at 3160 again.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-15M.JPG Size: 64 KB
A pip is only worth it if you know how much you risked to earn it
  • #7,400
  • Sep 3, 2014 8:43am Sep 3, 2014 8:43am
I have just finished reading.
Very interesting idea. recurrent and transient.
I have never thought that the price p(t) is the projection to the space S.
Has anyone proven the proposition1 ? (maybe burnssss ?)
It would impose heavy calculation though.
Thank you.
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