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The similarity system

  • #11,981
  • Nov 10, 2014 10:22am Nov 10, 2014 10:22am
Quoting Eurusdd
160 mins remaining on the signal. But we have an update. After this time, the next 240 mins will force eurusd to close below 1.24730! so in all, eurusd has 95% chance of closing below 1.24730 at the end of the next 400 mins!!! so sell close to that number!
wowwwww... after a long time we got your call.....
  • #11,982
  • Nov 10, 2014 10:30am Nov 10, 2014 10:30am
Quoting kprsa
{quote} This chart doesn't really require any indicators. It might be nice to have a ZigZag mimicking the behaviour of the renko chart... Hmmm.
Yes might be

but i shared here is my one step in Sub sequence theorem and replicating kiads indicator

here is Time chart (it can also draw manually by hand but level is important
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, lol)
Dilz
  • #11,983
  • Nov 10, 2014 10:34am Nov 10, 2014 10:34am
Lower Tf Charts

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Dilz
  • #11,984
  • Nov 10, 2014 10:49am Nov 10, 2014 10:49am
Update on my zone. Over the last 16 hours, price has left and come back to the zone several times. How it gets traded is up to you.
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If you are good at something, never do it for free--Joker
  • #11,985
  • Nov 10, 2014 11:21am Nov 10, 2014 11:21am
Quoting Eurusdd
160 mins remaining on the signal. But we have an update. After this time, the next 240 mins will force eurusd to close below 1.24730! so in all, eurusd has 95% chance of closing below 1.24730 at the end of the next 400 mins!!! so sell close to that number!
The price is already about 30-40pips below this level. I guess this means, if within the next 400mins, price gets to be above 1.24730, then we can short back to this level, correct?

Are you arriving at these levels with TZs as well or something entirely different this time?
Focus, Patience, Determination & Order in chaos
  • #11,986
  • Nov 10, 2014 11:33am Nov 10, 2014 11:33am
hedged with long because i think it will bounce till 1.246xx and then load more shorts
but its only my guess
Time is your friend; impulse is your enemy.
  • #11,987
  • Nov 10, 2014 1:12pm Nov 10, 2014 1:12pm
hi, first of all i want to thank to all the people that it is working on this post, on this system and if i can make my inputs here. i am trying to understand all of the concept and reading what writed eursdd i think it is the point:

http://www.mql5.com/en/charts/2611262/eurusd-h1-alpari-limited

so, we have a transient important zone, marked with a big big candle. we have then a re-enter on this zone and price will rise above it. then we expect a re-enter and price will go down. so when price gets the upper line of the transient zone again we enter SHORT. That is it?

thanx to all of you. this post have opened my eyes and my mind.

have a nice day.
  • #11,988
  • Nov 10, 2014 1:50pm Nov 10, 2014 1:50pm
Quoting pip.monkey
went short aud/usd using Kiads BB TZ system @ 8668 tp lower bb 8636 sl 8701 RR 1:2 the big white line is 360 SMA so trend is down for me {image}
closed trade @ 8610 + 58 pips

Aus/usd break with currency slope strength indicator cross on 15 min chart

Thanks all contributors
There has never been a statue erected in honor of a critic
  • #11,989
  • Nov 10, 2014 2:46pm Nov 10, 2014 2:46pm
Quoting kprsa
{quote} The indicator looks at the past data. a) If the zone was cleared in the future (it became recurrent within specified h_right) the statistics is done in the probability to fully resolve ___ zone. b) if it was NOT cleared within the following h_right (so for fully transient bars/zones, i.e. those that did not become recurrent), its statistics is added to the statistics for k. k
Thanks for clarifying that.

There is something wrong with k statistics. ( Max. width of trans. problem zone: )
If I use smaller H value (h-8 max width of transient problem zone: 118 pips) it seems fine, but using (relatively) higher H (h-32 max width of transient problem zone: 7 pips).
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  • #11,990
  • Nov 10, 2014 2:50pm Nov 10, 2014 2:50pm
Quoting kore2
{quote} Thanks for clarifying that. There is something wrong with k statistics. ( Max. width of trans. problem zone: ) If I use smaller H value (h-8 max width of transient problem zone: 118 pips) it seems fine, but using (relatively) higher H (h-32 max width of transient problem zone: 7 pips). {image} {image}
hi,
isn't that number 70 pips and not 7?
k
  • #11,991
  • Nov 10, 2014 3:34pm Nov 10, 2014 3:34pm
Quoting kprsa
{quote} hi, isn't that number 70 pips and not 7? k

Sorry, I messed up the digits missing a "0".
So EURUSD 0.0118 stands for 118 pips and 0.007 stands for 70 pips, doesn`t it?
But then how should I interpret other currency pairs?
e.g. GBPJPY m15 h-8 Max. width of trans. problem zone: 0.85
I suppose it doesn`t stand for 8500 pips, does it?
Has it to be interpreted by how many digits are after the decimal mark with that specific currency? e.g. GBPY 181.800 - three digits after decimal mark, or EURUSD 1.24240 - five digits after decimal mark.
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  • #11,992
  • Nov 10, 2014 3:49pm Nov 10, 2014 3:49pm
Quoting kore2
Has it to be interpreted by how many digits are after the decimal mark with that specific currency? e.g. GBPY 181.800 - three digits after decimal mark, or EURUSD 1.24240 - five digits after decimal mark. {image}
hi, yes you are correct, the values for k are in whatever units your price is.
k
  • #11,993
  • Nov 10, 2014 3:58pm Nov 10, 2014 3:58pm
Quoting kprsa
{quote} hi, yes you are correct, the values for k are in whatever units your price is. k
Thanks a lot.

It`s really useful to have maximum width zone statistic so no need to scan charts visually searching for that.
At the same time it`s a bit disappointing to realize that such a huge transient zone like 118 pips on EURUSD m15 h-8 could happen...

Cheers
Kore
  • #11,994
  • Nov 10, 2014 4:01pm Nov 10, 2014 4:01pm
Quoting kore2
{quote} Thanks a lot. It`s really useful to have maximum width zone statistic so no need to scan charts visually searching for that. At the same time it`s a bit disappointing to realize that such a huge transient zone like 118 pips on EURUSD m15 h-8 could happen... Cheers Kore

those are usually triggered by news or an event like this so its best to avoid those TZ's in general.

like Eurusdd said true TZ's should be small so i wouldnt pay to much attention to the chunky ones.
Life's Good & Why Wouldn't It Be? Im a Pirate After All!
  • #11,995
  • Nov 10, 2014 4:08pm Nov 10, 2014 4:08pm
Quoting kore2
{quote} At the same time it`s a bit disappointing to realize that such a huge transient zone like 118 pips on EURUSD m15 h-8 could happen...
one little piece of advice: for every event happening, try to deduce the relevant timeframe. while this 118 pip event manifested itself on the m15, probably the more correct timeframe to look at this event is daily or weekly.
for example, inspect the boundaries of the price area where you are working in. ask yourself what the relevant timeframe is if the price breaks out upwards or downwards. check the appropriate statistics for this case and see what you can expect.

happy trading,
k
  • #11,996
  • Nov 10, 2014 4:33pm Nov 10, 2014 4:33pm
kprsa, Shouldn't "width" be worded as "height"? because its measuring the zone from top to bottom?
Please correct me if I'm wrong.

J
  • #11,997
  • Nov 10, 2014 4:51pm Nov 10, 2014 4:51pm
Quoting jlee425
kprsa, Shouldn't "width" be worded as "height"? because its measuring the zone from top to bottom? Please correct me if I'm wrong.
J

height would be if the square were 3D so width is correct
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Life's Good & Why Wouldn't It Be? Im a Pirate After All!
  • #11,998
  • Nov 10, 2014 4:57pm Nov 10, 2014 4:57pm
Quoting PiratePip
{quote} height would be if the square were 3D so width is correct {image}
Oh right.. sorry for my bad english

J
  • #11,999
  • Nov 10, 2014 5:16pm Nov 10, 2014 5:16pm
Seriously, no need to be so strict with the nomenclature. Also the usage of k in the Recurrence statistic is very clumsy (as compared to the Definition 1 and Proposition 1).
The most important thing is that k denotes price, whether you want to call it width or height makes no difference to me.
k
  • #12,000
  • Nov 10, 2014 5:18pm Nov 10, 2014 5:18pm
If it were 3D...

Then two of my countrymates would have stood in the other one`s shoes...

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