Actually no, I dont use K's indicator because I don't use MetaTrader. My indicator is a NinjaTrader version. It's comforting that the stats agree with K's though.

Transient Zones - Basics

Thanks mate

Transient Zones - Basics

Where's Vlady's "head hurts" image? I need that right now! That statement in bold is some heavy stuff man.

Transient Zones - Basics

Hi mate, regarding your red text above, does he really say prices, and not bars? I think most of us are basing our h values on bars. The thing is, even a TZ bar (a bar containing a transient price zone) will have recurrent prices as well as ...

Transient Zones - Basics

Thanks for this, PipitoGrillo. Yes, hepsibah already said that those circles are valid signals according to the rules of his system. I think this shows the importance of discretion in any trading system. Even if the rules say "go", it's better to ...

The similarity system

This sums it up nicely, and is the reason some people are having more success than others with transient prices.

The similarity system

While it's true that there will be 97% recurrent bars and 3% transient bars for a given value of h, please remember that the probability of price returning to price you enter (on the current bar) is less than 97%. Why? Because some bars are only ...

The similarity system

Another good point! I was wondering why our numbers were so different. Yes, my stats are for the next bar after a mid-bar TZ being another mid-bar TZ. A quick visual scan of the chart seems to confirm it, but I didn't have time to check the whole ...

The similarity system

Yeah, good point. If it only takes 5 mins then maybe I should have! But I'm a software engineer by trade so it wasn't too bad.

The similarity system

Nice post, k. Does your indicator give the stats for consecutive TZs? I've never been able to use your indicator because my broker doesn't support MetaTrader, but I did code one of my own for NinjaTrader. According to my stats (over about 10,000 ...

The similarity system

I guess I deserved that cfd, but OUCH! Don't worry, this will be my last post for a while. I can't help feeling that you misunderstand my message, but that's probably due to my poor communication skills. Good luck everyone! PS Just saw your post, ...

The similarity system

No, every post since the TZ discussion started. Admittedly not got round to reading the DS posts yet.

The similarity system

Hi VVizlan, sounds interesting. But what's your TP? Is it within the range of the middle bar (which is the bar before you enter)? That might work, though be careful about the next bar being a mid-bar TZ too. According to my research the probability ...

The similarity system

Stunning question, kore2! Welcome to the frustrated club. I too was greatly inspired by the exact post you quoted, but it didn't work for me either due to the problems you said. I didn't give up though, just thought my stop loss, choice of h, TP, ...

The similarity system

Actually, the holy grail is impossible. You only have to read about the spectacular rise and fall of LTCM (Long-Term Capital Management) to understand that. In fact, I hope the people who have just started making double or triple digit returns each ...

The similarity system

This is a damn fine post, Vlady. Thank you so much, as always. I don't know how you find the time to work full time, trade, and write so many great posts on here. Presumably you don't have young children!?

The similarity system

I hope you aren't leaving because of me. Of course you are entitled to write anything you want here (within reason), as am I. Please don't get upset when someone questions your statements - it's normal and part of being in a forum community. And ...

The similarity system

So what was the point of saying that "the last 10 UTZs were all winners" if sometimes you trade towards them, sometimes away from them, sometimes anticipate them before they are completed, sometimes don't, and sometimes ignore them completely? For ...

The similarity system

Thanks LITEchild. I understand where you're coming from now, i.e. from a scalper's point of view, not a swing trader. Sorry, no time to reply properly now but just wanted to say that UTZ #3 was the loser, not #4 (thanks for going to the trouble of ...

The similarity system

Hi LITEchild, Are you talking about EU? If so, they look untradable to me (I'm assuming that you trade away from them). The problem is that if you wait for them to be fully formed (h=24 in your example) then the move away has already happened in ...

The similarity system