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Hi, everybody!
I apologize for the English it not my native language.
I study the subjects EURUSDD ( http://www.forexfactory.com/showthread.php?p=6785115#post6785115 ) long ago and many yield good result.
Last on what I stopped it the principle of similarity with use of Stochastic. But up to the end I didn’t understand the principle of formation of a discrepancy. maybe who promoted in it further me? I will be glad to hear ideas and sentences. monitoring on this system http://www.myfxbook.com/members/maxim8888/412/1503207best wishes, TM.
Ничто не ново под луной:
Что было, то и будет.
Я завершаю круг и - вновь
Готов бежать по кругу...the most interesting thing that the price does return to those levels where there was a discrepancy, and sometimes these levels seemed to attract price. if someone is interested in this topic, I can lay out the indicators to identify variances by this method.Ничто не ново под луной:
Что было, то и будет.
Я завершаю круг и - вновь
Готов бежать по кругу...we can probably expand what was discussed on the wormhole thread in FF showthread.php?t=511581
i experimented with confluence for entry’s. in addition to average deviation or x amount of pips away from point of interest then waiting for it to hit a support/resistance area or any other high probability turning point indication. also i used activity(how much energy around the point of interest) to determine the stronger points of interest. ive experimented with various ways of finding the POI’s with various results and i am interested to see what your take on it is and what you use
“I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all
your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of
money at tops and bottoms.”
– Paul Tudor JonesHere are my 50 cents (as it seems to fit). Eurusdd only mentioned in his first post of the similarity-thread that one can compare two stochastic readings to obtain dissimilarity (link to his image). A while ago I programmed an indicator which can perform such comparisons and draw differences in a graphical way:
As you can see from the comparison of the stochastic of a M1 and the M5 chart, there are not as many dissimilarities as we would expect it from the comparison of stochastics with prize itself. Some of those dissimilarities only last one candle. As the difference between both stochastics is calculated, we obtain positive as well as negative dissimilarities. For some of those indicator peaks we see a strong correlation between the current prize path, for others there’s not that strong correlation. In general, down peaks seem to mark buying pressure, up peaks selling pressure. However, as Eurusdd mentioned those dissimilarities show where big players move money in the markets. However, I think it’s hard to match Eurusdd’s theory of the big player game with those peaks in the indicator. Has some of you ever tried to apply this “two stochastic differences” idea? With which success?
Hi Anti. Glad you shared your opinions on this system. As far as I understood EURUSDD talked about the fact that these systems show places, not only big players but even where price is the wrong pricing and it will seek to correct it. I trade this system , I have demo account on it which you can see , it is open to the public. http://www.myfxbook.com/members/maxim8888/412/1503207Ничто не ново под луной:
Что было, то и будет.
Я завершаю круг и - вновь
Готов бежать по кругу...if you know there is downside pressure because of the larger trend or however you come up with it you could wait till price shoots up from the deviation and trade back toward it. different TF settings in the indicator will also give different signals. i don’t live trade with this method but if i did i would imagine it would look similar to this
“I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all
your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of
money at tops and bottoms.”
– Paul Tudor Jones@TraderTM: Oh, I’ve thought you use another method. However, do you use an indicator to spot those stochastic differences? If so, would you plase share a picture of it. Which TFs do you screen to obtain signals? Which stochastic settings do you use? How exactly do you trade it/interpret the signals?
Attached you can find my indicator (a simple hack from early times, where I used iBarShift for the first time). Maybe it could be worth to use multiple settings for identical TFs to obtain more signals. One funny observation for the M5/M1 is, that the difference between both stochastics is most of the time 0. However, I never used it in trading as I couldn’t find a consistent edge.
@Lowphat: That was on of thousand things I tried to do. I’m sure that this can be profitable in most cases, however the pips gained will be not that much.thanks for the indicator. actually to trade..just have to wait until the price leaves the point at the distance X . I have measured the average deviation from the point and they open trades where the dot appeared only once and then the discrepancy is not continued and I have been trading mostly in the Asian session. I am attaching a screenshot which as noted can be traded.Ничто не ново под луной:
Что было, то и будет.
Я завершаю круг и - вновь
Готов бежать по кругу...I trade 1-5 min TF waiting for about 7-8 pips and open the deal . if the price goes in my direction after 9-10 pips I open another one and already taking the average profit. Do not hesitate to ask if something is not clear.Ничто не ново под луной:
Что было, то и будет.
Я завершаю круг и - вновь
Готов бежать по кругу...
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