Disliked{quote} How I am a supposed to see some obsure similarity issue? I even took a magnifying glass last night - killed my self over analysing those diagrams.Ignored
Some of the early members found a way to programme that and that was fair enough. There are a variety of templates available within this thread. It comes down to what your preferences are.
If you are going to constantly hunt for dissimilarities, you will become screen-bound. That's not me.
When Eurusdd pointed out the Bollinger Band phenomenon, I ran with it and developed rules of my own. Ironically, it went well with Semaphor Zigzags.
Again, this was moving away from the original "similarity" of prices. But if you hunt down Ralome's indicator, it will point out Dissimilarity PERIODS on MT4. So you don't have to be screen bound.
None of this will teach you how to trade!
These just define the playing field and the boundaries. You still have to pick a direction. You still have to pick an entry point and exit point. Just because 1.3343 has a "problem" and current price is 1.3365 doesn't mean shit if you can't read a 5M, 15M, 1H chart and understand what is happening right now.
For some of you, a really good exercise is to create a word document and copy/paste entries from the thread on a given topic. There are 3 main ones:
Cycle Indicator, Similarity/Dissimilarity, Bollinger Band & ZigZag. Take your pick.
A pip is only worth it if you know how much you risked to earn it