The similarity system | Page 61 | Forex Factory

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The similarity system

  • #1,201
  • Jul 11, 2013 4:59am Jul 11, 2013 4:59am
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  • #1,202
  • Jul 11, 2013 5:02am Jul 11, 2013 5:02am
cenky, I am using the same template as you. Also 2 for 2.


Are you just looking at the 1M chart, watching for a change in CI on M5 say to Red and then waiting for CI on M1 to paint a red and trading in that direction?
  • #1,203
  • Jul 11, 2013 5:05am Jul 11, 2013 5:05am
Quoting normtold
cenky, I am using the same template as you. Also 2 for 2. Are you just looking at the 1M chart, watching for a change in CI on M5 say to Red and then waiting for CI on M1 to paint a red and trading in that direction?
Hi normtold,

yes i am. firstly wait M5 to red then waiting M1 to red. For buy entry vise versa
  • #1,204
  • Jul 11, 2013 5:08am Jul 11, 2013 5:08am
Hi cenky, thanks for the reply.

In the chart you posted above, did you take the previous red spike on the M1 CI?

Will you continue to sell every red spike on the M1 CI until you get a green spike on the M5 CI?
  • #1,205
  • Jul 11, 2013 5:09am Jul 11, 2013 5:09am
.
  • #1,206
  • Jul 11, 2013 5:11am Jul 11, 2013 5:11am
Dear Madmoney,
Thank you for your template and indicator. I load your template and indicator my mt4. can ı use same seting m30 and h1 tame frame? or change to seting parameter.?
Best Regards.
Bülent .
  • #1,207
  • Jul 11, 2013 5:12am Jul 11, 2013 5:12am
Quoting normtold
Hi cenky, thanks for the reply. In the chart you posted above, did you take the previous red spike on the M1 CI? Will you continue to sell every red spike on the M1 CI until you get a green spike on the M5 CI?
i was not online previous spike. So i did not take it

it is risky to wait green spike for me because my orders are big lots so 2 pips are enough for me
  • #1,208
  • Jul 11, 2013 5:39am Jul 11, 2013 5:39am
Quoting bulent
Dear Madmoney, Thank you for your template and indicator. I load your template and indicator my mt4. can ı use same seting m30 and h1 tame frame? or change to seting parameter.? Best Regards. Bülent .
Quoting Eurusdd
Ok, Let me explain this; the settings!! if you are using the 30min/1hr template the whenever your PRICEACTIONFILTER is X for the 1hr, it must me 2X for the 30min. The same idea applies to the LENGTH!!! if you are using the 1min/5min template the whenever your PRICEACTIONFILTER is X for the 5min, it must me 5X for the 1min. The same idea applies to the LENGTH!!!
Just double the length on the 30M chart.
  • #1,209
  • Jul 11, 2013 5:42am Jul 11, 2013 5:42am
Quoting cenky
{quote} i was not online previous spike. So i did not take it
I see.

it is risky to wait green spike for me because my orders are big lots so 2 pips are enough for me
Sorry, I did not phrase my question very well.
  • #1,210
  • Jul 11, 2013 6:14am Jul 11, 2013 6:14am
Just set up your template MM thanks heaps for that.
Is this correct for a long.
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  • #1,211
  • Jul 11, 2013 6:15am Jul 11, 2013 6:15am
dis-similarity in eur / usd
  • #1,212
  • Jul 11, 2013 6:21am Jul 11, 2013 6:21am
Quoting Lion99
Just set up your template MM thanks heaps for that. Is this correct for a long. {image}
There are many ways to trade the similarity CI, but I don't trade it like that, I trade in a certain sequence.

Here's the post with some illustrations, also if you can find more of my posts with charts on, it will help.

Quoting Madmoney
{quote} There was no dis-similarity. Here's an example (a trade I took). The bottom CI represents the 5M chart. NOTE: I usually exit at major spike if my TP has not been hit. {image}
  • #1,213
  • Jul 11, 2013 6:28am Jul 11, 2013 6:28am
my question is:
where the similarity wait? is that right now in eur / usd is producing the similarity, and here will be a moment in which the similarity will fetch the dis-similarity to correct.
  • #1,214
  • Edited 6:45am Jul 11, 2013 6:29am | Edited 6:45am
Quoting Madmoney
{quote} There are many ways to trade the similarity CI, but I don't trade it like that, I trade in a certain sequence. Here's the post with some illustrations, also if you can find more of my posts with charts on, it will help. {quote}
There is no unique way to trade this stuff because
1: different account sizes
2: different broker's feeds
3: maturity
4: greed

I believe everyone should understand the basic concept and then chose the method(indicators) he/she wants to use. Do not ask Madmoney or another person if this is a buy/sell trade. How is he/she suppose to know - instantly -.
Madmoney is a learner just like you so please do not turn him into your oracle and then turn around days later and accuse him of leading you astray!!!

---------
If I give a signal - it will work, almost surely! That is because I have more than 5 years under my belt. However, there is always that 3% percent out there.
  • #1,215
  • Jul 11, 2013 6:33am Jul 11, 2013 6:33am
Quoting Eurusdd
{quote} There is no unique way to trade this stuff because 1: different account sizes 2: different broker's feeds 3: maturity 4: greed I believe everyone should understand the basic concept and then chose the method(indicators) he/she wants to use. Do not ask Madmoney or another person if this is a buy/sell trade. How is he/she supposed to know - instantly -. Madmoney is a learner just like you so please do not turn him into your oracle and then turn around days later and accuse him of leading you astray!!! --------- If I give a signal -...
  • #1,216
  • Jul 11, 2013 6:35am Jul 11, 2013 6:35am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Eurusdd
{quote} There is no unique way to trade this stuff because 1: different account sizes 2: different broker's feeds 3: maturity 4: greed I believe everyone should understand the basic concept and then chose the method(indicators) he/she wants to use. Do not ask Madmoney or another person if this is a buy/sell trade. How is he/she supposed to know - instantly -. Madmoney is a learner just like you so please do not turn him into your oracle and then turn around days later and accuse him of leading you astray!!! --------- If I give a signal -...
Hi Eurusdd,

Are we still heading down to 1.2955/57 on EU?

You had an interesting thread going on proper use of indicators. Have you ever analysed the TMA indicator?

Regards

Neio

PS: My demo account is still growing!!! Thanks for your insights!
An expert is a man who has made all the mistakes which can be made
  • #1,217
  • Jul 11, 2013 6:36am Jul 11, 2013 6:36am
If you think you have a buy/sell setup you can post it and then allow people to support/reject your expectation.

There should be no one asking madmoney or another contributor - if he/she should buy/sell.
  • #1,218
  • Jul 11, 2013 6:38am Jul 11, 2013 6:38am
Quoting Madmoney
{quote} {quote} Just double the length on the 30M chart.
Dear Mamoney,
Thank you very much.
Best Regards.
Bülent .
  • #1,219
  • Jul 11, 2013 6:41am Jul 11, 2013 6:41am
Hello fellow members! I'm new to FF and looking for a place to learn something valuable. I know I have many pages to read but I'm up for the challenge. I do work a FT job so it may take me some time to get through all of the material but I will make sure I read every single post.

Once I'm done reading through the thread I will then participate actively. I wish all the traders many good opportunities to bring % growth to their account.
  • #1,220
  • Jul 11, 2013 6:45am Jul 11, 2013 6:45am
When you are accustomed to getting in and out of an operation?
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