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The similarity system

  • #1,281
  • Jul 11, 2013 8:11am Jul 11, 2013 8:11am
Quoting normtold
14-0, thanks MM and Eurusdd.

Nice!
  • #1,282
  • Jul 11, 2013 8:13am Jul 11, 2013 8:13am
1.3030 has been filled.
Price may start jumping down
  • #1,283
  • Jul 11, 2013 8:13am Jul 11, 2013 8:13am
Guys,


What is the best setting of CI for 1 hr - 4 hr ?


Thanks in advance
  • #1,284
  • Jul 11, 2013 8:20am Jul 11, 2013 8:20am
Eurusdd, thanks for this thread. plz i want to get the entry point. check my chart. Was that a good enrty for sell?
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  • #1,285
  • Jul 11, 2013 8:37am Jul 11, 2013 8:37am
Quoting easy123
Eurusdd, thanks for this thread. plz i want to get the entry point. check my chart. Was that a good enrty for sell? {image} {image}
Looking at this chart you actually will be waiting for a buy signal. Go back a few pages, Madmoney has a wonderful case study
I want more brain power!
  • #1,286
  • Jul 11, 2013 8:50am Jul 11, 2013 8:50am
Quoting Madmoney
{quote} Nice!
======

Hi MM,

I have tried sending you a PM, but somehow it does not want to accept it. Would you be kind enough and PM me, so that I can get my message across to you plse?

Thanks in advance.
Hercs
  • #1,287
  • Jul 11, 2013 9:28am Jul 11, 2013 9:28am
Quoting Madmoney
{quote} If the normal CI on the is let's say '5', the CI on the 5M chart has to be five times that amount.
Hi Madmoney, from my understanding isn't the CI indicator suppose to be attached to both the 1M chart and the 5M chart?
I see you put both on the same chart... but if that's the case how do you make them > 90% similar?



Quoting Eurusdd
{quote} The default settings are 5X-Y-4 for 1min and X-Y-4 for 5min chart or X-5Y-4 for 1min and X-Y-4 for 5min. The first is responsive to moving averages and so you will not catch tops and bottoms exactly. However, it is quite good too!
Ex. Applying the above formula from Eurusdd, if the 1M CI settings are 1-50-4, the 5M chart should be 1-10-4. That way they are almost identical.

How do you achieve this when you put them in the same chart? Seems like you are doing the opposite.. Anyways thanks!
  • #1,288
  • Jul 11, 2013 9:40am Jul 11, 2013 9:40am
Quoting fxlur
{quote} Hi Madmoney, from my understanding isn't the CI indicator suppose to be attached to both the 1M chart and the 5M chart? I see you put both on the same chart... but if that's the case how do you make them > 90% similar? {quote} Ex. Applying the above formula from Eurusdd, if the 1M CI settings are 1-50-4, the 5M chart should be 1-10-4. That way they are almost identical. How do you achieve this when you put them in the same chart? Seems like you are doing the opposite.. Anyways thanks!
madmoney is making MAD MONEY right now. He is experimenting and doing well. you can experiment too.
  • #1,289
  • Jul 11, 2013 9:48am Jul 11, 2013 9:48am
From Madmoneys template. Not sure I am using it quite the same way as he does.

Obviously using small Lots while I practice.

Ignore the Gbp/Aud loss, it is a stoploss from another strategy.
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  • #1,290
  • Jul 11, 2013 9:49am Jul 11, 2013 9:49am
Trades this morning:
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"In God we trust."
  • #1,291
  • Jul 11, 2013 9:53am Jul 11, 2013 9:53am
I paused my programming to trade today... 8 for 8!!!
The light is on, and I am as excited as ever to trade this way, for a long time to come.

Carl

PS. The big boys are really bouncing price around today... churning.
  • #1,292
  • Jul 11, 2013 9:58am Jul 11, 2013 9:58am
Quoting crodzilla
I paused my programming to trade today... 8 for 8!!! The light is on, and I am as excited as ever to trade this way, for a long time to come. Carl PS. The big boys are really bouncing price around today... churning.
Its not really the big boys doing this crazy hops. I am at fault, I was cleaning my desk and the PC dropped to the floor and all this craziness took place... I apologize!
  • #1,293
  • Jul 11, 2013 10:07am Jul 11, 2013 10:07am
Do you guys really believe that the flow of price on your chart is random??? Do you really believe there is no set target(moving/fixed) for price at any given time and whoever knows the set-price can ride price there?

Think about it this way! Look at the path of water from the top of a mountain to the very moment it gets to the sea.
If you look at the path, it can sometimes be unpredictable.
However, the ground on which the water flows already has its shape. Water is simply taking advantage of the gradients of the terrain. In other words, water is LOOKING FOR THE shortest-path TO THE SEA!

tHAT IS THE SAME WITH this business. The trick is best applied to EURUSD because it has a high drive-ratio( won't explain that).
  • #1,294
  • Jul 11, 2013 10:07am Jul 11, 2013 10:07am
Quoting shiva
{quote} Its not really the big boys doing this crazy hops. I am at fault, I was cleaning my desk and the PC dropped to the floor and all this craziness took place... I apologize!


Well, throw it around some more... I'm 9 for 9 now...
  • #1,295
  • Jul 11, 2013 10:10am Jul 11, 2013 10:10am
Quoting shiva
{quote} Its not really the big boys doing this crazy hops. I am at fault, I was cleaning my desk and the PC dropped to the floor and all this craziness took place... I apologize!
  • #1,296
  • Jul 11, 2013 10:19am Jul 11, 2013 10:19am
Therefore, those who use resistance and support levels to trade are not further from the truth. The only problem is that they do not have a good way of measuring the actual strength of a particular level and they also do not know the pre-determined set-prices (moving/fixed).
  • #1,297
  • Jul 11, 2013 10:25am Jul 11, 2013 10:25am
Every news that comes out and the reactions that follow will only take price nearer to the next pre-determined point! So, if you can spot these you are a "master" in this business.
The more price moves away from the next point, the FASTER she will return there!!!
That is why you should NEVER CHASE PRICE!!!!

that is my 2-cents:

Make this your trading philosophy and see the light.
  • #1,298
  • Jul 11, 2013 10:34am Jul 11, 2013 10:34am
Spotting these pre-determined points is the difficult part for plebs like me.




Eurusdd, did you work all this out for yourself or did you have a mentor?
  • #1,299
  • Jul 11, 2013 10:36am Jul 11, 2013 10:36am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Eurusdd
Therefore, those who use resistance and support levels to trade are not further from the truth. The only problem is that they do not have a good way of measuring the actual strength of a particular level and they also do not know the pre-determined set-prices (moving/fixed).
Interesting insights...

Without giving any secrets away. Can all of this be seen through analysing pure price? Or do you need to know volume or something else.
An expert is a man who has made all the mistakes which can be made
  • #1,300
  • Jul 11, 2013 10:46am Jul 11, 2013 10:46am
Price is king! even if eurusd will jump 400 pips in one min, the signs will be on your chart! She will hug, swing levels and then at the exact time, she will MOVE!!!!
Just like the last trade we took at 1.2894!!!!

I posted the signal 2mins to the move.
The last one was 1.2840. 3 mins to the fall, I said "1.2840 is about to LOSE POTENCY" meaning eurusd is about to fall big - You know what it means to be potent and lose it - - -FALL/DECREASE IN VALUE/DEPRECIATION .....

The ground is FIXED!!!! The slopes, gradients are fixed!
Even some bankers and big-financial institutions do not know these things. They are just players!!!

The best way to prove what I am saying is :give you precise trades and let you judge me.
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These are well-guarded secrets!!!!

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