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The similarity system

  • #9,041
  • Sep 23, 2014 8:21am Sep 23, 2014 8:21am
Quoting vlady1974
{quote} No worries. If using FreeFox's indicator...... "TZ is uneven"...
Hi Vlady1974, good day to you. Could you kindly explain a little bit more on "TZ is uneven" in your above post? Thank you so much.

Exciter135
  • #9,042
  • Sep 23, 2014 8:22am Sep 23, 2014 8:22am
Quoting vlady1974
{quote} Hahahaha... sorry... it's an Australian term, meaning "there you go!" It's just an affirmation that... it is what it is, just like if Bob (or whatever name) is your Uncle... then... there you go, he is your uncle. Sorry... bad sense of humour!
Just a quick question V. You can't be referencing formed TZs only right? Should be applicable to the forming ones too..somewhat at least
I want more brain power!
  • #9,043
  • Sep 23, 2014 8:22am Sep 23, 2014 8:22am
Zooming out and looking at different H settings.. surely the way to trade this, is in the same direction of any newly forming transients, towards a longer term bollinger band?

With the correct H setting, very rarely does a reverse happen with a single possible transient. And if it does, its often well out the extreme of a 60 min bollinger (using a 15 min chart). So (if I'm not mistaken), trading the direction of the first TZ in trend change, means high probability there will be another above it. With a low risk entry, and plenty room to the next bollinger extreme? Am I seeing correctly?
  • #9,044
  • Sep 23, 2014 8:24am Sep 23, 2014 8:24am
Quoting hepsibah
This is fascinating. H1 still looking for a HH above 1.28990. Does not want a H1 close below 1.28766 before target. M30 now looking for a low below 1.28814. Does not want a M30 close above 1.28843 before target. And Eurusdd tells us it needs to return to a level at 1.2857. No wonder price is hesitant. News in 30min so may get some resolution then. Spike up then down maybe? Or maybe we don't get the HH. I am currently in long and short.
sure: everything she does right now, will take her back to that number. it does not mean that the up is done!
Just keep your eyes on that number so you don't get lost!
  • #9,045
  • Sep 23, 2014 8:27am Sep 23, 2014 8:27am
Quoting Eurusdd
{quote}sure: everything she does right now, will take her back to that number. it does not mean that the up is done! Just keep your eyes on that number so you don't get lost!
ok, many thx
  • #9,046
  • Sep 23, 2014 8:28am Sep 23, 2014 8:28am
Quoting Exciter135
{quote} Hi Vlady1974, good day to you. Could you kindly explain a little bit more on "TZ is uneven" in your above post? Thank you so much. Exciter135
If you set Freefox's indicator variable "Make both side equal" to false then you will see it. Any visible height difference in both sides is an uneven TZ
I want more brain power!
  • #9,047
  • Sep 23, 2014 8:30am Sep 23, 2014 8:30am
Quoting hepsibah
Ok, since it seems to be sharing, caring day in the similarity thread and the sun has gone awol in Seville , I will elaborate a little on my post yesterday - I have also modified the strategy a little so please take note those who looked into it a little more. The red and blue arrows show TZ's with H values of anything from 1 upwards. I wait for a TZ to be taken out and then returned to but I have modified the condition for return. The bar that returns to the taken out TZ must open above and close below for a top TZ and open below and close...
congratulations! very successful integration of 2 different concepts. this is close to my trading method
As Above, So Below
  • #9,048
  • Sep 23, 2014 8:34am Sep 23, 2014 8:34am
Quoting cfdtaleong
{quote} If you set Freefox's indicator variable "Make both side equal" to false then you will see it. Any visible height difference in both sides is an uneven TZ
Thanks cfd so much. Good pips to you!

Exciter135
  • #9,049
  • Sep 23, 2014 8:35am Sep 23, 2014 8:35am
Quoting cfdtaleong
{quote} Just a quick question V. You can't be referencing formed TZs only right? Should be applicable to the forming ones too..somewhat at least
Hey CFD,

Short answer: Yes, can be done on non-fully formed TZs as well.

At present on my day platform (IGIndex) I don't have a way of distinguishing formed/not formed TZ, other than eyeballing it.
This lends it a somewhat lower h value otherwise if I have 6 or over I will have to count bars manually which isn't what I want to be doing.

So roughly 5-6 bars should do it. Today has been a good example day that has shown me it is possible to evaluate this in real time against a new TZ that hasn't completed its H formation. I'm on a short right now based on that exact formation on the 5M, from 885 (not the best entry).... but the TZ eyeballed is :

Left: 2887.3 to 2891.3
Right : 2888.4 to 2891.3
Literally h=1 satisfied the condition.
A pip is only worth it if you know how much you risked to earn it
  • #9,050
  • Sep 23, 2014 8:36am Sep 23, 2014 8:36am
Quoting leeshindig
Zooming out and looking at different H settings.. surely the way to trade this, is in the same direction of any newly forming transients, towards a longer term bollinger band? With the correct H setting, very rarely does a reverse happen with a single possible transient. And if it does, its often well out the extreme of a 60 min bollinger (using a 15 min chart). So (if I'm not mistaken), trading the direction of the first TZ in trend change, means high probability there will be another above it. With a low risk entry, and plenty room to the next...
That's one way of looking at it.
I want more brain power!
  • #9,051
  • Sep 23, 2014 8:37am Sep 23, 2014 8:37am
Quoting hepsibah
Ok, since it seems to be sharing, caring day in the similarity thread and the sun has gone awol in Seville , I will elaborate a little on my post yesterday - I have also modified the strategy a little so please take note those who looked into it a little more...
Hey hepsibah, your low-h scalping system just gets better and better! Thank you so much for sharing. Can't wait to try it on the Nikkei tomorrow! Just a couple of points:

1. I take it you still ignore the mid-bar TZs?
2. Good place for a SL would be just above the broken TZ I imagine? (in the case of your example)

Thanks and good luck!
You reap what you sow.
  • #9,052
  • Sep 23, 2014 8:38am Sep 23, 2014 8:38am
Quoting Exciter135
{quote} Thanks cfd so much. Good pips to you! Exciter135
Yep, that's it exactly! Thanks CFD!

But you should try and learn to read the price action and what conditions in those bars created the zone.
I've only done it properly in real time (5M and 2M) today... but it's been something I've been observed on the higher TFs... 15/30M, 1H, 4H, Daily.
A pip is only worth it if you know how much you risked to earn it
  • #9,053
  • Sep 23, 2014 8:43am Sep 23, 2014 8:43am
Quoting vlady1974
{quote} Hey CFD, Short answer: Yes, can be done on non-fully formed TZs as well. At present on my day platform (IGIndex) I don't have a way of distinguishing formed/not formed TZ, other than eyeballing it. This lends it a somewhat lower h value otherwise if I have 6 or over I will have to count bars manually which isn't what I want to be doing. So roughly 5-6 bars should do it. Today has been a good example day that has shown me it is possible to evaluate this in real time against a new TZ that hasn't completed its H formation. I'm on a short right...
Thanks V! Ability to apply this concept against the forming zones doubles the "power" of your "system" Its great. Thanks I'm growing daily, almost there. I not looking at pips but rather to able to trade with the confidence + precision you guys have
I want more brain power!
  • #9,054
  • Sep 23, 2014 8:44am Sep 23, 2014 8:44am
Quoting vlady1974
{quote} Yep, that's it exactly! Thanks CFD! But you should try and learn to read the price action and what conditions in those bars created the zone. I've only done it properly in real time (5M and 2M) today... but it's been something I've been observed on the higher TFs... 15/30M, 1H, 4H, Daily.
Yeah some candle reading required
I want more brain power!
  • #9,055
  • Sep 23, 2014 8:47am Sep 23, 2014 8:47am
My short was stopped out at BE. Flat. Work to do. Boo. Setting alarms. BBL
Trade safe guys!
A pip is only worth it if you know how much you risked to earn it
  • #9,056
  • Sep 23, 2014 9:06am Sep 23, 2014 9:06am
Quoting Eurusdd
Return price at 1.28571: so play safe!
Thank you very much Eurusdd, i get so many pips today. All of them using your great concept
I was in a dark tunnel, and now i see the light You are a best trader i have ever found.
  • #9,057
  • Sep 23, 2014 9:10am Sep 23, 2014 9:10am
Quoting yuxuan89
hey guys, attached is a pic of my eurusd which i shorted, at the time i placed my trade I found the dissimilarity and similarity and thus decided to short as the similarity was higher, but eruusd seems to be climbing, can anyone explain to me why? {image}
Hi...when we spot dissimilarity we look at the positions of the Price compared to the position of the stock. We follow the position of the price. That is, if you try to trade the dissimilarity.
That is to say if the position of the price is up compared to the stock which is very obvious in the 5min chart that we posted we buy expecting stock to follow.
My help is in the name of the Lord who made heaven and earth.
  • #9,058
  • Sep 23, 2014 9:16am Sep 23, 2014 9:16am
I was in a meeting and my alarm shot off at the same place I entered a short before. Got in before at 2884.9, target is Eurusdd's number at 2857
A pip is only worth it if you know how much you risked to earn it
  • #9,059
  • Sep 23, 2014 9:19am Sep 23, 2014 9:19am
Quoting vlady1974
I was in a meeting and my alarm shot off at the same place I entered a short before. Got in before at 2884.9, target is Eurusdd's number at 2857
target in sight now General! Do I eliminate it or let it breathe. Waiting for your orders.
  • #9,060
  • Sep 23, 2014 9:23am Sep 23, 2014 9:23am
Quoting Eurusdd
{quote} target in sight now General! Do I eliminate it or let it breathe. Waiting for your orders.
Let it breathe... it will die a slow death! LOL

.....AND DONE! As Pacino would say, "HOOOWAAAAH!"
Thanks Chief! That was classy indeed.

NorthTrader, that short was almost the same as the USDMXN move!
A pip is only worth it if you know how much you risked to earn it
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