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The similarity system

  • #10,781
  • Edited 11:35am Oct 22, 2014 11:15am | Edited 11:35am
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  • #10,782
  • Oct 22, 2014 11:21am Oct 22, 2014 11:21am
Haven't looked at that kind of math since grad school, but with some stretching I could become re-acquainted.
Open to new approaches.
  • #10,783
  • Oct 22, 2014 11:50am Oct 22, 2014 11:50am
Quoting NorthTrader
{quote} Thanks for sharing this, hepsibah, but this system seems a bit too much open to interpretation. For instance, why wouldn't you take the longs at the points I circled on your chart? Both seem to fit the rules you specified, yet both would have incurred drawdowns and possible stop losses. Why wait until the crosses you marked? Thanks! {image}

Maybe a bit late for an answer...
I look at it from the price action perspective. The first red circle smells like bulltrap and I would rather look for a sell scalp beneath a bar into the TZ. Too much selling pressure with no prior buying pressure. It also looks like a tiny trading range and buying on top of it isn't the best idea.

Same on the second circle, not enough prior buying pressure after that big move down. So in that case I would look for trendline break and buy on a pullback into the TZ above.

On the right side PA and TZ fit each other and also you would be buying on the bottom of a trading range.

I guess that is what Eurusdd means by that we have to buildt it into our existing systems.


http://i.imgur.com/khCsArQ.png
  • #10,784
  • Oct 22, 2014 11:51am Oct 22, 2014 11:51am
Quoting Neio
{quote} Hi SunSaltwater, I like your posts but the reality is when the market trends you will find that some areas are not returned too. This is where the danger is. Regards Neio
what will we do in trending market?? this is the problem with me because price may not return back to price where i entered !!! but Eurusdd said that he can make 1000 trades without loss that means that there is a missed part that he didn't tell us about
DON'T GIVE UP
  • #10,785
  • Oct 22, 2014 11:54am Oct 22, 2014 11:54am
Quoting Eurusdd
{image}
Yes - this is where we play...
http://en.wikipedia.org/wiki/Log-normal_distribution
  • #10,786
  • Oct 22, 2014 12:05pm Oct 22, 2014 12:05pm
Quoting Neio
{quote} Sorry i'm not on your wavelength.
I was agreeing with you.
  • #10,787
  • Oct 22, 2014 12:07pm Oct 22, 2014 12:07pm
Quoting Neio
{quote} It looks perfectly traded in hindsight but in practice is another thing. Regards Neio
  • #10,788
  • Oct 22, 2014 12:09pm Oct 22, 2014 12:09pm
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting LITEchild
{quote} I was agreeing with you.
Ah ok. It was the question that threw me.
An expert is a man who has made all the mistakes which can be made
  • #10,789
  • Oct 22, 2014 12:12pm Oct 22, 2014 12:12pm
Quoting Eurusdd
{image}
I just see in my university jajaja
  • #10,790
  • Oct 22, 2014 12:13pm Oct 22, 2014 12:13pm
Hi to all
we can put parameter to make h is constant and put filter to TZ
as we can make condition which the focus candle Rang (from high to low ) equal at least half of the previous h range candles
also if at any candle Range half any number of previous h candle with TZ so we can draw TZ and consider the later h equal to the previous and the market will retrace at least the same number of h
I hope i discuss my vision well

Sorry for my Language
I'm not a programmer and i don't like ! , but only I try to catch my view !
  • #10,791
  • Oct 22, 2014 12:21pm Oct 22, 2014 12:21pm
Quoting Kiads
{quote} Hi My Friend Kprsa, I already download your indicator, and thank you for sharing the mql file, look at the inside, and at this occasion i ask permission from you to make some cosmetic mod.. . After checking how 'she' work, my early conclusion is that 'as always' great indicator need 'great data feed' to perform effectively.. please look at this two example picture.. 1st picture is GBPUSD M15 candlestick chart, i put your indicator with h+/- 2 (just like normal fractal formation) with average 10.4 point candle size for the last 1440...
Hi, you, as well as everyone else, of course have permission to do with my code what you want. That is why I give the code, not the compiled version.
If you find it useful or just interesting and are willing to share, please post the modified version here so that other people can use it as well.
k
  • #10,792
  • Oct 22, 2014 1:14pm Oct 22, 2014 1:14pm
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting LITEchild
{quote}
Care to elaborate?

What I am saying that what he is pointing out looks easy when you view it that way but in practice it is different.

If it was that straightforward why are people trading it differently?

My original post was not to say TZs can't be traded but that he just needs to exercise caution if trading that way as a trending market is different.
An expert is a man who has made all the mistakes which can be made
  • #10,793
  • Oct 22, 2014 1:14pm Oct 22, 2014 1:14pm
As a latecomer to this topic just practicing after reading more then thousand posts :nerd:

Anyone has a comment for the chart below?

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  • #10,794
  • Oct 22, 2014 1:41pm Oct 22, 2014 1:41pm
Quoting Neio
{quote} Care to elaborate? What I am saying that what he is pointing out looks easy when you view it that way but in practice it is different. If it was that straightforward why are people trading it differently? My original post was not to say TZs can't be traded but that he just needs to exercise caution if trading that way as a trending market is different.
Again, I was agreeing with you. . And my first question again was, what was the trigger? I see a setup. fine. but what was the trigger for the trade???(i mean the setup sunsaltwater was posting. I guess I should have quoted his post instead. sorry.)
  • #10,795
  • Oct 22, 2014 1:46pm Oct 22, 2014 1:46pm
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting LITEchild
{quote} Again, I was agreeing with you. . And my first question again was, what was the trigger? I see a setup. fine. but what was the trigger for the trade???(i mean the setup sunsaltwater was posting. I guess I should have quoted his post instead. sorry.)
Lol it is not very clear....It looked like you were yawning at my post!!!???
An expert is a man who has made all the mistakes which can be made
  • #10,796
  • Oct 22, 2014 1:47pm Oct 22, 2014 1:47pm
Hi all

When we trade, we are most interested in what is going to happen to the right of this moment, not the left.

Is anyone else interested in the recurrence stats and the building of TZ/RZ when we ignore the left and only look right?

Could you make your Indi able to ignore the left altogether Kprsa (i.e. able to select 0 for left)?

Would freefox and/or Sciurus make their Indi's h-left and h-right independent and settable to 0?

Thanks for your consideration
He has the right to criticize who has the heart to help. Abraham Lincoln
  • #10,797
  • Oct 22, 2014 1:49pm Oct 22, 2014 1:49pm
Quoting Neio
{quote} Lol it is not very clear....It looked like you were yawning at my post!!!???
hahaha. Meaning it was so obvious it's boring. Always easy to spot setups AND TRIGGER in hindsight eh? kapish?
  • #10,798
  • Oct 22, 2014 2:00pm Oct 22, 2014 2:00pm
I updated the RevealWormhole EA in this post:

http://www.forexfactory.com/showthread.php?p=7815632#post7815632

It now shows how many points the current action is away from the price level where the most recent stochastic disagreement occurred, and whether the action is above or below that marked level.

I'd be interested to hear from those of you who have a chance to observe and formulate some thoughts on whether this has any usefulness. I'm not as razor-smart as some of you guys so please use small words and simple concepts when you reply to me.:nerd:

Cheers,
Bob
Open to new approaches.
  • #10,799
  • Oct 22, 2014 2:02pm Oct 22, 2014 2:02pm
Quoting Jim4x
Hi all When we trade, we are most interested in what is going to happen to the right of this moment, not the left. Is anyone else interested in the recurrence stats and the building of TZ/RZ when we ignore the left and only look right? Could you make your Indi able to ignore the left altogether Kprsa (i.e. able to select 0 for left)? Would freefox and/or Sciurus make their Indi's h-left and h-right independent and settable to 0? Thanks for your consideration
No problem. Interesting idea.
k
  • #10,800
  • Edited 2:38pm Oct 22, 2014 2:22pm | Edited 2:38pm
The way I was interpreting the action relative to the wormhole markers on EURUSD this morning definitely pointed toward short; saw numerous instances of markers being drawn, the action drifting up a bit, then dropping back down below the markers. Thus sayeth Captain Obvious. Anyone else see that?

I also saw short-term buys that a scalper could have exploited, when the price dropped below markers and then later rose above.

Haven't yet seen markers get drawn only to have the action run away from them, not to return for a long time. But I suppose this can certainly happen. I suppose if the market action is running away from a marker, one might have a trading rule that says to not enter until a new marker is drawn and some pullback-for-entry occurs.
Open to new approaches.
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