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The similarity system

  • #9,341
  • Sep 25, 2014 2:02am Sep 25, 2014 2:02am
Quoting josh11
As you can all see the new theory need wrk I will spend more time on this and see if I can creak the code lol best of luck all
your theory works. In range market that is. Thats your filter
  • #9,342
  • Sep 25, 2014 2:04am Sep 25, 2014 2:04am
Quoting orid
{quote} to be honest that 2750 I quoted was based on this image of a zone in 2013 no one commented on it so I presumed I was wrong if that's so it was a lucky guess any one care to say if im a silly ass or a genius ? I can take it Regards Orid peter Ps next zone is @ 2540 from 2012 oooooh

Isn't there a touch of madness in every genius? LOL
  • #9,343
  • Sep 25, 2014 2:07am Sep 25, 2014 2:07am
Quoting ephisi
{quote} your theory works. In range market that is. Thats your filter
Morning all!

The question is, how do you know it's starting. This is what I was trying to look for yesterday.
It's possible that you may have to sacrifice the initial moves of a range (ie. miss out on initial trades) to confirm sideways move.

A trend is easy.... breakout.... but then, opposite filter applies.... If you took out news for the moment, how do you know to take a Range TZ signal as a Breakout Signal... place 2 orders, one being a breakout order? The breakout almost lends itself to a saddle type trade.... or no SL but hedge type pending.

Dunno, lots of ideas there.
A pip is only worth it if you know how much you risked to earn it
  • #9,344
  • Sep 25, 2014 2:11am Sep 25, 2014 2:11am
To continue the last point, I was looking at how Similarity indicator from Ralome could help.
Visually it doesn't because all the DS Zones are above price. That means it will need a significant Countertrend to go that high.

I don't see any Fundamental reason at this stage. So I am keen to see when this will occur. I know some Investment Banks had pendings at 1.3000ish. I will wait to see reports of them lowering this now.... or not.

Anyway, fundamentals aside, we also have Eurusdd's 2830 centre-line magnet. There is a DS Zone around 2845-2856 that could be a target to take out.
All shorts biased of course. To trade counter-short or not is the trading question.
A pip is only worth it if you know how much you risked to earn it
  • #9,345
  • Sep 25, 2014 2:15am Sep 25, 2014 2:15am
Quoting vlady1974
{quote} Morning all! The question is, how do you know it's starting. This is what I was trying to look for yesterday. It's possible that you may have to sacrifice the initial moves of a range (ie. miss out on initial trades) to confirm sideways move. A trend is easy.... breakout.... but then, opposite filter applies.... If you took out news for the moment, how do you know to take a Range TZ signal as a Breakout Signal... place 2 orders, one being a breakout order? The breakout almost lends itself to a saddle type trade.... or no SL but hedge type...
I don' think I can get caught with a breakout the way im trading now ,or rarely at least ,
  • #9,346
  • Sep 25, 2014 2:16am Sep 25, 2014 2:16am
Quoting vlady1974
{quote} Morning all! The question is, how do you know it's starting. This is what I was trying to look for yesterday. It's possible that you may have to sacrifice the initial moves of a range (ie. miss out on initial trades) to confirm sideways move. A trend is easy.... breakout.... but then, opposite filter applies.... If you took out news for the moment, how do you know to take a Range TZ signal as a Breakout Signal... place 2 orders, one being a breakout order? The breakout almost lends itself to a saddle type trade.... or no SL but hedge type...
based on TRZ you should have had a sell from 1.2860. the moment we went below 1.2815. my long signal would have been at 1.2805. but there was no confirmation. Now how do you know? once 1.2815 didnt hold and we had a hard break of the trendline. check your charts similarity was violated at these points. so u would be short fro 60 watch for break of 15 and below. if the move is hard just like it failed on fomc then you lnow you should hold your short longer. if you got a long signal at 1.2805 then you would be stopped out. you loose 10 or 20 pips but you still have plus 60plus and she will trend untill she attains similarity again which is usually after a hundred pip move
  • #9,347
  • Sep 25, 2014 2:20am Sep 25, 2014 2:20am
Quoting vlady1974
To continue the last point, I was looking at how Similarity indicator from Ralome could help. Visually it doesn't because all the DS Zones are above price. That means it will need a significant Countertrend to go that high. I don't see any Fundamental reason at this stage. So I am keen to see when this will occur. I know some Investment Banks had pendings at 1.3000ish. I will wait to see reports of them lowering this now.... or not. Anyway, fundamentals aside, we also have Eurusdd's 2830 centre-line magnet. There is a DS Zone around 2845-2856 that...
matey, Just like the trz, the trend is a block hole to the dissimilarity signals. you have to understand the concept of supply and demand. and also how dealers move price around. the arbitrafge process especially. dealers may try to take her back above 1.2800. sometimes they succed sometimes they fail. when they fail they hedge their positions with other instuments
  • #9,348
  • Sep 25, 2014 2:21am Sep 25, 2014 2:21am
Quoting hepsibah
{quote} Isn't there a touch of madness in every genius? LOL
Hepsibah , I do resemble that description , well the madness part anyhow hehe
Regards Orid peter
any more comments on my mad theory? please
  • #9,349
  • Sep 25, 2014 2:29am Sep 25, 2014 2:29am
I have a bit more time now have read some great ideas and posts here and trtied a few different ways to trade this, but all the other ways do not seem consistent and sometimes risky so I will go back to couple weeks ago ( little different ) when I got that long run this time on 5 min chart .
Regards Orid Peter
  • #9,350
  • Sep 25, 2014 2:55am Sep 25, 2014 2:55am
So based onn the concepts i shared , now i would holdshorts or take only sell trz trades, until similarity is attained from the 1min to 4hr timeframe. hope this helps
  • #9,351
  • Sep 25, 2014 2:58am Sep 25, 2014 2:58am
It's been more than a month since my TRZ eureka moment and I've been virtually practising it till now. I can confidently say the only thing in this giant thread I truly understand is this: http://www.forexfactory.com/showthread.php?p=7678644#post7678644

There has been a variety of ways TRZ are being traded ever since. A lot of hints and clues are being generously shared but due to time constraints, I could barely catch up. All I can do now is copy and save those posts for future reading. Hopefully some of them hints will sink in and I can test them out.

So anyway, I just trade TRZ with what I know now. Which is the bare basics presented by Eurusdd himself. All I added was multiple time frames. I hunt for trades from D1 down to M15. D1 and H4 TRZ (mostly 2nd left-side-transient bar onwards) determine what I trade in H1, M30 and M15. I don't get to trade many times this way, even with multiple major pairs.

But results are already much more encouraging than my pre-eureka days. I will continue practising and hopefully I'll get to test it out in more difficult market conditions.
  • #9,352
  • Sep 25, 2014 3:06am Sep 25, 2014 3:06am
just to show how easy this is today so far, I ony usually trades for 10 to 20 pips a day (live )
this is on demo last hour or so 34 pips no loss 11 trades.
regards .were heading for 2540 hehehe
orid peter
Attached Image (click to enlarge)
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  • #9,353
  • Sep 25, 2014 3:33am Sep 25, 2014 3:33am
Quoting ephisi
{quote} based on TRZ you should have had a sell from 1.2860. the moment we went below 1.2815. my long signal would have been at 1.2805. but there was no confirmation. Now how do you know? once 1.2815 didnt hold and we had a hard break of the trendline. check your charts similarity was violated at these points. so u would be short fro 60 watch for break of 15 and below. if the move is hard just like it failed on fomc then you lnow you should hold your short longer. if you got a long signal at 1.2805 then you would be stopped out. you loose 10 or...
You know what mate, I get all this. It's how I am normally when I trade. It's just occurred to me that when I get into a period of learning a different or new approach, I completely clean slate everything on the chart except the thing I'm studying.

So I've removed my "working" template which had been working beautifully - including ZZ counts, Demand/Supply etc etc .... all the visual cues that help me absorb what is happening within 5 minutes. With only TZs on the screen... i get..... basically it's just tops and bottoms, tops and bottoms.

It's a mental reset. I get TZs now.... I have to bring it back to what already works for me. Perhaps my earlier posts was just me venting the fact that I didn't hold 3 great shorts from 2900 and 2960 but took them out each for a measly 40 pips. Pffft.

Okay.... over it. I like doing this therapy with you guys. You guys understand. LMAO!

A pip is only worth it if you know how much you risked to earn it
  • #9,354
  • Sep 25, 2014 3:38am Sep 25, 2014 3:38am
Quoting ephisi
So based onn the concepts i shared , now i would holdshorts or take only sell trz trades, until similarity is attained from the 1min to 4hr timeframe. hope this helps
I'll add 2 things about Similarity re Ralome's indicator:

a) The time period is probably the most important. When it ends (Similarity restored) try and spot what happens to real price action.... do big moves happen? How often? Do this without worrying about the actual DS levels... forget those. Just see what happens to price action once DS ends.

b) The Similarity Zones that get created in this down trend will only appear above price. It doesn't mean it will be returned to in 5M or even 4H. Treat them as a sign post, "Here is where DS occurred". Keep following the trend. And when the trend changes in the future.... watch what price levels are targeted.
A pip is only worth it if you know how much you risked to earn it
  • #9,355
  • Sep 25, 2014 3:40am Sep 25, 2014 3:40am
Quoting orid
just to show how easy this is today so far, I ony usually trades for 10 to 20 pips a day (live ) this is on demo last hour or so 34 pips no loss 11 trades. regards .were heading for 2540 hehehe orid peter {image}
Same. Now that I've had my mental reset, took 15 pips on the train just on TZ in trend concept. I call it Trade In Trend TZ... or T.I.T.TZ.
Apologies for my bad humour this morning.
A pip is only worth it if you know how much you risked to earn it
  • #9,356
  • Sep 25, 2014 3:44am Sep 25, 2014 3:44am
hi,
anyone have StochDifZones indicator for mt4 build 670?

version StochDifZones_v2_60 cant use because have some error while compile

thank you for helping me
  • #9,357
  • Sep 25, 2014 3:45am Sep 25, 2014 3:45am
Okay peeps. 2696 has been touched. Deeper than one of my numbers 2718-20.... I think this is the area for the Wave 4 bounce. The 2010? level has been pierced so this is going lower.... 2500 is real. But as I said yesterday, to short into this will require one sunnofagun move. And I am eyeing strength to go back to 1.2900+

The higher this gets, the deeper that short. I didn't want to believe it but some few are calling 1.18 and if that is real, I can't see why parity won't be achieved. This projection is for the next 12-18 months.

Now I'm not necessarily calling for a bottom now.... but if we breach 2696 again it won't go to 2500 in a straight line. Gonna look for potential demand points. I had them on another sheet of paper at home (grrr).
A pip is only worth it if you know how much you risked to earn it
  • #9,358
  • Sep 25, 2014 3:50am Sep 25, 2014 3:50am
Quoting vlady1974
{quote} Same. Now that I've had my mental reset, took 15 pips on the train just on TZ in trend concept. I call it Trade In Trend TZ... or T.I.T.TZ. Apologies for my bad humour this morning.
haha
  • #9,359
  • Sep 25, 2014 3:50am Sep 25, 2014 3:50am
Quoting vlady1974
{quote} I'll add 2 things about Similarity re Ralome's indicator: a) The time period is probably the most important. When it ends (Similarity restored) try and spot what happens to real price action.... do big moves happen? How often? Do this without worrying about the actual DS levels... forget those. Just see what happens to price action once DS ends. b) The Similarity Zones that get created in this down trend will only appear above price. It doesn't mean it will be returned to in 5M or even 4H. Treat them as a sign post, "Here...
this i have been doing long ago.
  • #9,360
  • Sep 25, 2014 3:54am Sep 25, 2014 3:54am
Quoting ephisi
{quote} this i have been doing long ago.
This is what should be communicated to newbies.... when they ask the right questions.
A pip is only worth it if you know how much you risked to earn it
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