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The similarity system

  • #9,501
  • Sep 28, 2014 4:15am Sep 28, 2014 4:15am
Quoting NorthTrader
{quote} Yeah Vlady, thanks. I was only asking because there were a couple more before that one that happened within the BBs too, but they both got revisited. Do you think they were misprices too?
I use the term mid price loosely as it was a term originally associated with Dissimilarity.
However I recall the first time it was discussed heavily by Eurusdd. It was after a news night in which Eurusdd called a bottom and it shot up like crazy the following days. When it reached the tops, it consolidated and he said there's a problem at so and so. This was the first evidence I found where the ZZBB sequence was broken and the swing didn't close outside BB. Eurusdd verified that I was on the right track but didn't go into specifics. That was over a year ago now, but I had formed the rule and had enough proof that MOST times it qualities for a misprice. But for all I know there may be 37 different types of misprice caused by another 49 different things, know what I mean?

Certain misprice a will get revisited if the cause is small relative to timeframe. This move was 80 pips though, so I think it will be addressed on the coming retrace that I'm predicting and a few commentators are suggesting.

I have numbers at 2662, 2642, 2620
A pip is only worth it if you know how much you risked to earn it
  • #9,502
  • Sep 28, 2014 4:24am Sep 28, 2014 4:24am
Quoting Neio
{quote} Just did a quick scan. Seems to me like dissimilarity always starts and ends around the middle of the BB.
Just going through that time period looking for the post, but found this in the meantime. Aaah those were the days! Lol
A pip is only worth it if you know how much you risked to earn it
  • #9,503
  • Sep 28, 2014 4:27am Sep 28, 2014 4:27am
Quoting vlady1974
{quote} Hmm! Excellent chart. I think both of us need to refine our definitions more accurately... but I think there's something here! I said, if stoch is on top BB, price will cancel from the top and I showed an example. Your chart shows that if stoch is on top BB but is rejected outside the zone to the bottom, then it cancels from the bottom. In both cases... the bar when dissim started is in the past. Price can either go above or below. But something tells me you're closer to the actual behaviour. Maybe you can backtest a few of the zones? Let's...
Here's another
A pip is only worth it if you know how much you risked to earn it
  • #9,504
  • Sep 28, 2014 4:42am Sep 28, 2014 4:42am
Quoting Neio
{quote} Thank you for your insightful posts again. In the chart below we see the previous swing high was 1.3159 (yellow circle). If this was a valid swing high then it SHOULD have been outside the BB and the ZZ should have appeared. It did not. So my thinking is that this tells us that the price must go higher or at least equal to that (>1.3159). Hence why Eurusdd is confident on the price reaching 1.3158 (at least). {image}
Quite a few posts after the one above...
But I think the gist is that a trend is still to be ridden not fought. If the misprice happens but we font return to it.... We should return to it on any journey back.
A pip is only worth it if you know how much you risked to earn it
  • #9,505
  • Sep 28, 2014 6:02am Sep 28, 2014 6:02am
Quoting vlady1974
{quote} Quite a few posts after the one above... But I think the gist is that a trend is still to be ridden not fought. If the misprice happens but we font return to it.... We should return to it on any journey back.
Thank you Vlady. That was a very comprehensive answer to my inconsequential question! Green pips to you mate.
You reap what you sow.
  • #9,506
  • Sep 28, 2014 6:24am Sep 28, 2014 6:24am
If there is a way for me to like posts there would be a lot of posts I'm liking

side note: is kpsra Indy pretty self explanatory? Gonna give it a shot tonight and try to understand it.

Thansk guys for for all the lovely information here, really appreciated
  • #9,507
  • Sep 28, 2014 7:00am Sep 28, 2014 7:00am
Quoting NorthTrader
{quote} Thank you Vlady. That was a very comprehensive answer to my inconsequential question! Green pips to you mate.
By the way, I use Keltner Channels on my charts, not Bollinger Bands. In fact, it's the only indicator I use (apart from candlesticks). It will be interesting to see if the UTZs that are located outside the BBs are located outside the KBs too.

I also have a theory that I'm going to test this week, merging my usual KC system with TZs. If it works, I'll let you know.
You reap what you sow.
  • #9,508
  • Sep 28, 2014 9:14am Sep 28, 2014 9:14am
Quoting yuxuan89
If there is a way for me to like posts there would be a lot of posts I'm liking side note: is kpsra Indy pretty self explanatory? Gonna give it a shot tonight and try to understand it. Thansk guys for for all the lovely information here, really appreciated
Hi yuxuan89,

it is not necessarily the most self-explanatory indicator out there, but I think it is quite powerful in the one thing it does.
I personally think it is a good basis to formulate a successful probabilistic strategy, by itself or coupled with other indicators.
So, please, give it a try, ask questions here if you don't understand something and, importantly, let others know how it went.

k
  • #9,509
  • Sep 28, 2014 9:21am Sep 28, 2014 9:21am
Quoting kprsa
{quote} Hi yuxuan89, it is not necessarily the most self-explanatory indicator out there, but I think it is quite powerful in the one thing it does. I personally think it is a good basis to formulate a successful probabilistic strategy, by itself or coupled with other indicators. So, please, give it a try, ask questions here if you don't understand something and, importantly, let others know how it went. k
yes well worth spending time thouroughly checking this great piece of work by kprsa very underestimated by myself until recently .
Regards orid peter
  • #9,510
  • Sep 28, 2014 9:46am Sep 28, 2014 9:46am
same question we ask when we make a new low. is this a turning point or a continuation. always tricky. ;lets see.
  • #9,511
  • Sep 28, 2014 9:54am Sep 28, 2014 9:54am
Here we are looking for TZs. We have an indicator that tells us where one might be. We also have an indicator that tells us that the suspected TZs are not TZs. Well if we know that they are not transient then they must be recurrent and if they are recurrent what can I do............
I want more brain power!
  • #9,512
  • Sep 28, 2014 12:21pm Sep 28, 2014 12:21pm
Quoting vlady1974
{quote} I don't have an exact reason for why it will hit X price. What I do know is that ZZ/BB work in a way to predict/project whether a price will form a swing top or bottom. Quick recap: Price and BB Stoch and BB (my charts wont have this as it can't do it. MT4 has it) If Price BB goes outside of BB Bands, it COULD BE a swing top.... need to check: Stoch BB... if it is inside whilst PriceBB is outside... then high chance (97%) it is a top/bottom. Stoch BB... if it is outside it is a fake. Price will reverse, sure. But it will reverse again and...
Hi Vlady, when you say PriceBB, you are pointing to EMA1 or candles themself. Coz as explained by Eurusdd (if I am not misunderstood), Disimi or Simi is comparison EMA1 (represents for Price) with Stoch line. There are candles that their part penetrates outside BB, but EMA1 is not, still inside BB. Thank Vlady so much.
  • #9,513
  • Sep 28, 2014 1:31pm Sep 28, 2014 1:31pm
Quoting Exciter135
{quote} Hi Vlady, when you say PriceBB, you are pointing to EMA1 or candles themself. Coz as explained by Eurusdd (if I am not misunderstood), Disimi or Simi is comparison EMA1 (represents for Price) with Stoch line. There are candles that their part penetrates outside BB, but EMA1 is not, still inside BB. Thank Vlady so much.
Originally, it was Price (chart price) in BB vs Stochastics in BB. This then compared price directly with the stochastic.

There should be no difference, in theory, between an EMA and a Stochastic provided you have the correct settings for both in the timeframe you are looking at. As long as these settings reflect price consistently then you can attempt to measure their similarity.

Personally, I don't need to compare price to stochastic anymore because it has been proved that dis similarities between price and stochastic tends to occur when price closes outside BB. In addition, Time Periods of dissimilarity has been found to occur when price is near the middle of the Bollinger Band (see re quoted posts above). So I don't need or use Stochastic BB on my MT4 charts anymore...just price and BB.
A pip is only worth it if you know how much you risked to earn it
  • #9,514
  • Sep 28, 2014 1:39pm Sep 28, 2014 1:39pm
Hello everyone


I just came across this thread ,looks interesting and somewhat promising

Started from the first post and tried to make sense , still a bit confused .

I downloaded the indicators from 1 post but there not loading on my mt4

can someone guide me to what I have to read and understand , and where to download the latest TPL and indicators that I can be on the same page with everyone

476 pages quite a bit threads to read and understand


Thanks very much
  • #9,515
  • Sep 28, 2014 1:43pm Sep 28, 2014 1:43pm
Quoting rkhan1
Hello everyone I just came across this thread ,looks interesting and somewhat promising Started from the first post and tried to make sense , still a bit confused . I downloaded the indicators from 1 post but there not loading on my mt4 can someone guide me to what I have to read and understand , and where to download the latest TPL and indicators that I can be on the same page with everyone 476 pages quite a bit threads to read and understand Thanks very much
I'm sorry to let you down. This forum isn't like the others. Here you are learning to understand the forex market. You are not given a template & indis and a set of rules to follow. You must read the whole thing, and if you understand it, it will blow your mind
Not about how much you win, but how much you loose
  • #9,516
  • Sep 28, 2014 1:52pm Sep 28, 2014 1:52pm
Quoting rkhan1
Hello everyone I just came across this thread ,looks interesting and somewhat promising Started from the first post and tried to make sense , still a bit confused . I downloaded the indicators from 1 post but there not loading on my mt4 can someone guide me to what I have to read and understand , and where to download the latest TPL and indicators that I can be on the same page with everyone 476 pages quite a bit threads to read and understand Thanks very much
Hi Rkhan,

MT4 has had a version upgrade. Some of the indicators posted here from years ago may not work. If you are not familiar, each FF thread has an attachments page indicated by a paperclip at the top right of each Thread. Please browse this area and try them on your MT4. Caveat Emptor. If it works it works, if it doesn't then it doesn't - there are no guarantees since everything is for free.

Having said that.... it is a forum/discussion. Share and participate. It's not a classroom so no one is obliged to anybody here for any help other than by charirtable donations. There is no summary except for summaries that have been posted in the past. No one will give the information to you just because you ask for it.

Knowledge doesn't work that way. You have to earn it. So if you have 200 pages, 400 pages or 4000 pages to read - if you really want it......... then you know what to do.
A pip is only worth it if you know how much you risked to earn it
  • #9,517
  • Sep 28, 2014 2:02pm Sep 28, 2014 2:02pm
to be able to sucessfully trade forex day in and day out,month after month,year after year, you cannot rely on your gut instinct or your luck. when i began to trade a forex demo acccount many years ago, i found i had no instinct for the market and i had the worst luck, Zero instinct and zero luck. Every time i shorted i would suddenly see green, IT was uncanny. The more obvious the trade looked, the less itseemed to work for me. IT even seemed like the market was out to get me.Price always seemed to reverse when i entered a tradejust far enough to hit my stop loss-often to the pip. Was there someone out o get me?why would someone care about me so much?what did i do to piss them off?
Its funny how attitude can change thing's.
i can now see that the market is actually trying to help me. It usually comes back and gives me a second chance. This is exactly wherei used to loose momey. Now it's where i make money.i owe it all to planning my trades and trading my plans.Usually if im right,i profit.If im wrong,i didnt trade anyways,so who cares!
In my humble opinion, a successful forex trader always takes the time to develop a smart plan.
kudos
  • #9,518
  • Sep 28, 2014 2:15pm Sep 28, 2014 2:15pm
Thats for those that complain about reading all those pages on this thred
  • #9,519
  • Sep 28, 2014 4:10pm Sep 28, 2014 4:10pm
Attached Image
  • #9,520
  • Sep 28, 2014 4:22pm Sep 28, 2014 4:22pm
crazy but im long from 81
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