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Neio replied Jul 18, 2013Interested to hear that these settings work for other pairs. Are you trading fake ZZ tops?
The similarity system
- Neio replied Jul 18, 2013
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 ...
The similarity system
- Neio replied Jul 18, 2013
Is it because ZZs mark the last highest swing. The last highest swing was 1.3158 but no ZZ printed. So we can expect that price needs to go at least to that level before it will print?
The similarity system
- Neio replied Jul 18, 2013
Hi Vlady, Enjoying your posts. Are you able to explain why it will hit 1.3158 before the ZZ top forms? I really don't get that part. Maybe I need to re-read all the ZZ stuff. Regards Neio
The similarity system
- Neio replied Jul 18, 2013
Sorry to hear that. Maybe try trading on demo until you are confident that you know what you are doing?
The similarity system
- Neio replied Jul 18, 2013
Eurusdd said that the BB settings should remain the same...
The similarity system
- Neio replied Jul 18, 2013
But does it still apply what you said about zones over two weeks being dead? or very low probability of being closed?
The similarity system
- Neio replied Jul 18, 2013
Hmmm I don't think I fully understand the ZZ yet. Not sure how you determine that.
The similarity system
- Neio replied Jul 18, 2013
Eurusdd, Should the number of counter days on the RV indicators be 14? I think you had it set to 35 on your templates?
The similarity system
- Neio replied Jul 18, 2013
So the next leg of the ZZ should print when the 1EMA goes through the upper BB? That would signal the start of the next wave down?
The similarity system
- Neio replied Jul 18, 2013
Eurusdd please correct me if I am wrong....just thinking out loud. The 1EMA touched the lower BB but no ZZ has printed so we assume the downtrend is still intact and that any move up is fake?
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- Neio replied Jul 18, 2013
Yes the orange box. Also the green box will act as resistance based on what Eurusdd said previously.
The similarity system
- Neio replied Jul 18, 2013
OK here is what I have... PLEASE WAIT UNTIL EURUSDD CONFIRMS THAT BOTH TEMPLATES ARE OK You need the indicators: r-v1.mq4 r-v2.mq4 Template 1 file Template 2 file On Both Templates the ZigZag, Bolinger Bands and Stochastic have the same settings ...
The similarity system
- Neio replied Jul 18, 2013
With your permission could I create new templates to post? Maybe you could check it is right before I post it up? I am not sure on the Bollinger and Stoch settings. Do they stay the same for both? I know the RV indicator settings are different.
The similarity system
- Neio replied Jul 18, 2013
hi Condor, Perhaps Eurusdd can clarify but I believe you need to remove CCI and add either the rv-1 or rv-2 indicator with the correct settings. Regards Neio
The similarity system
- Neio replied Jul 18, 2013
I guess this is due to the low of the previous dissimilarity period will act as support until a new dissimilarity occurs. So to me it seems that until we get dissimilarity the Price is going to stay in this range.
The similarity system