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The similarity system

  • #761
  • Jul 9, 2013 5:12am Jul 9, 2013 5:12am
3. Governments and Central Banks
Governments and central banks, such as the European Central Bank (http://www.babypips.com/forexpedia/ECB), the Bank of England (http://www.babypips.com/forexpedia/BOE), and the Federal Reserve (http://www.babypips.com/forexpedia/Fed), are regularly involved in the forex market too. Just like companies, national governments participate in the forex market for their operations, international trade payments, and handling their foreign exchange reserves.
Meanwhile, central banks affect the forex market when they adjust interest rates to control inflation. By doing this, they can affect currency valuation. There are also instances when central banks intervene, either directly or verbally, in the forex market when they want to realign exchange rates. Sometimes, central banks think that their currency is priced too high or too low, so they start massive sell/buy operations to alter exchange rates.


Read more: http://www.babypips.com/school/market-players.html#ixzz2YXeq4rF3
  • #762
  • Jul 9, 2013 5:14am Jul 9, 2013 5:14am
Quoting juhanimi
3. Governments and Central Banks Governments and central banks, such as the European Central Bank (http://www.babypips.com/forexpedia/ECB), the Bank of England (http://www.babypips.com/forexpedia/BOE), and the Federal Reserve (http://www.babypips.com/forexpedia/Fed), are regularly involved in the forex market too. Just like companies, national governments participate in the forex market for their operations, international trade payments, and handling their foreign exchange reserves. Meanwhile, central banks affect the...
You are supporting my position, Bro.
What/who govern central banks and big financial institutions? Humans - like you and me. They need to meet targets and any INFORMATION that can help them is valuable!!!

Remember, I said the similarity principle was designed to capture the moves of BIG-MONEY! So, yes, dis-similarities will be corrected but SIMILARITY is the least efficient for traders like you and me.

CHECK MY SIGNATURE!!!
  • #763
  • Jul 9, 2013 5:16am Jul 9, 2013 5:16am
Quoting juhanimi
{quote} okey, that can happen, but unlikely, retail traders are not so big in forex and big money do not care what indicators we use, they see, where the money is
I have started thinking that the market moves intelligently, and is predatory (predators are smarter than their prey, or they starve). Most traders use some kind of tech indicator. So most traders who can move the market give some thought to how other traders are thinking ('where are their stops?', 'where did trend/breakout traders just get a signal?'). The intelligence comes from crowd intelligence, e.g. if you ask a big group of people how many jelly beans in a jar full of jelly beans, the average answer will tend to be quite close to correct.

So if heaps of us use this method, we will become unprofitable once the market catches on.
  • #764
  • Jul 9, 2013 5:17am Jul 9, 2013 5:17am
big money has all the information, like I said, they do not care what indicators or strategies retail traders use, they can see where the money is
  • #765
  • Jul 9, 2013 5:19am Jul 9, 2013 5:19am
Quoting Stinky
{quote} I have started thinking that the market moves intelligently, and is predatory (predators are smarter than their prey, or they starve). Most traders use some kind of tech indicator. So most traders who can move the market give some thought to how other traders are thinking ('where are their stops?', 'where did trend/breakout traders just get a signal?'). The intelligence comes from crowd intelligence, e.g. if you ask a big group of people how many jelly beans in a jar full of jelly beans, the average answer will tend to be quite close to...

I am just warning a FRIEND!!!
  • #766
  • Jul 9, 2013 5:20am Jul 9, 2013 5:20am
I have a question ?? For the week with GU M5 with similarity I had 6 trades, 5 profit 120 pips, and 1 is runner - 400 pips for now. What are you doing in this situations, keep it running until it reach TP, or close it ?
Even though I walk through the darkest valley, I will fear no evil
  • #767
  • Jul 9, 2013 5:21am Jul 9, 2013 5:21am
Quoting monocor
I have a question ?? For the week with GU M5 with similarity I had 6 trades, 5 profit 120 pips, and 1 is runner - 400 pips for now. What are you doing in this situations, keep it running until it reach TP, or close it ?
That is exactly what I am trying to warn someone about.

POST #755.., POST #757
  • #768
  • Jul 9, 2013 5:22am Jul 9, 2013 5:22am
Quoting juhanimi
big money has all the information, like I said, they do not care what indicators or strategies retail traders use, they can see where the money is

thats the POINT, this forum is for sharing ... no matter u will use the indy or not....
trading and investing wisely
  • #769
  • Jul 9, 2013 5:23am Jul 9, 2013 5:23am
I used to work for one of the largest investment banks in the UK, and trust me it's all psychology, it's like jedi mind tricks!
  • #770
  • Jul 9, 2013 5:25am Jul 9, 2013 5:25am
Quoting Eurusdd
{quote} I am just warning a FRIEND!!!
You might want to get this thread deleted soon!
  • #771
  • Jul 9, 2013 5:25am Jul 9, 2013 5:25am
Quoting merlion
{quote} thats the POINT, this forum is for sharing ... no matter u will use the indy or not....
I just don't understand how some of you think!
I never said - do not use it. I was simply trying to warn a friend to use it carefully or he will find himself stuck in a trade for days. He will then turn around and open a negative thread about the principle.
The creator of the idea is warning you to be careful and you think you have gotten to heaven already. WELL: you are welcomed!
  • #772
  • Jul 9, 2013 5:28am Jul 9, 2013 5:28am
Quoting Madmoney
I used to work for one of the largest investment banks in the UK, and trust me it's all psychology, it's like jedi mind tricks!


I'm all ears if you want to explain their jedi mind tricks
  • #773
  • Jul 9, 2013 5:31am Jul 9, 2013 5:31am
Quoting Eurusdd
I was simply trying to warn a friend to use it carefully or he will find himself stuck in a trade for days. He will then turn around and open a negative thread about the principle. The creator of the idea is warning you to be careful and you think you have gotten to heaven already. WELL: you are welcomed!
don`t worry about that, i have been played years with zigzag`s, i know how they works, no negativity from here Bro
  • #774
  • Jul 9, 2013 5:38am Jul 9, 2013 5:38am
zigzag is price without noise
  • #775
  • Jul 9, 2013 6:06am Jul 9, 2013 6:06am
I will leave the more informed to the Delay revolution. How about this?

>97.345% of the time the ZZ line will appear after price/1EMA hits one of the outer band!!!


Therefore, when ZZ appears and the 1EMA has not hit an outer band, you have 97% guarantee that price will continue in that direction until it hits the band!

How about this one? Heading for 1.2858? Open trades from another strategy.






I see dead people.
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  • #776
  • Jul 9, 2013 6:22am Jul 9, 2013 6:22am
TP @ 1.2858.

Same scenario again?
  • #777
  • Jul 9, 2013 6:42am Jul 9, 2013 6:42am
Quoting juhanimi
it works fine, thank you Eurusdd 0.1 lot demo trades {image}
Juhanami, which base indicators are you using ?

Thanks !
  • #778
  • Jul 9, 2013 6:44am Jul 9, 2013 6:44am
Quoting normtold
I will leave the more informed to the Delay revolution. How about this? >97.345% of the time the ZZ line will appear after price/1EMA hits one of the outer band!!! Therefore, when ZZ appears and the 1EMA has not hit an outer band, you have 97% guarantee that price will continue in that direction until it hits the band! How about this one? Heading for 1.2858? Open trades from another strategy. I see dead people. {image}
YOU SEE DEAD PEOPLE? THE DEAD don't trade forex.
  • #779
  • Jul 9, 2013 6:53am Jul 9, 2013 6:53am
Quoting fx_forever
{quote} Juhanami, which base indicators are you using ? Thanks !
cycle identifier
  • #780
  • Jul 9, 2013 6:59am Jul 9, 2013 6:59am
FOREXFACTORY did a good one on this forum. At least the EXPLORER allows the thread-starter to justify his/her claims. This is good. I can remember what I went through some time ago!!!
Thank you FOREXFACTORY.
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