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The similarity system

  • #1,961
  • Jul 15, 2013 8:20am Jul 15, 2013 8:20am
Thank you Ralome for the indicator and it's updates. You've saved us many hours of work. And to Eurusdd for the strategy in the first place. Much appreciated
  • #1,962
  • Jul 15, 2013 8:22am Jul 15, 2013 8:22am
Quoting Neio
{quote} My Broker is FxPro and I do not see that zone. I only see the ones below the current price. Regards Neio {image}
Same thing I see. MT4 by vantage fx
I want more brain power!
  • #1,963
  • Jul 15, 2013 8:23am Jul 15, 2013 8:23am
Quoting Neio
{quote} Here is the 15M{image}
Cheers Neio! Appreciate that.

To everyone else:
This verifies that the 72 mark is a viable target for the "next" direction of the ZZ pending the outcome of a sim/dissim close. I'm seeing a few shorts and I suspect many here are confusing the system for the emotional need to trade. If anything, the break of the lower BB after the zone recent zone should have prompted a short earlier at 3050 where price has returned. That was an easy 50 pips... plus another 50 if you wanted the retrace.

How many longed when the 15M printed the recent leg of the ZZ at the lower of the BB? Wasn't that one of the opportunities Eurusdd mentioned?
A pip is only worth it if you know how much you risked to earn it
  • #1,964
  • Jul 15, 2013 8:24am Jul 15, 2013 8:24am
Ralome

Earlier you mentioned that I had 2 green bars on my graph and you thought that might be a bug. Now the longer green zone is gone. I only have the small green one a few others have

Another possible bug? Or maybe some MT4/Broker glitch?
  • #1,965
  • Jul 15, 2013 8:24am Jul 15, 2013 8:24am
Quoting ~bull.bear~
{quote} Thank you. But i think the counter also include weekend
Yes, that's right.
Even if you fall on your face, you're still moving forward.
  • #1,966
  • Jul 15, 2013 8:27am Jul 15, 2013 8:27am
Quoting crottsinabox
Ralome Earlier you mentioned that I had 2 green bars on my graph and you thought that might be a bug. Now the longer green zone is gone. I only have the small green one a few others have Another possible bug? Or maybe some MT4/Broker glitch?
Please post your M15 candle data (File, Save As, format: .csv), then I'll check. You just gotta love these "not supposed to happen" type errors
Even if you fall on your face, you're still moving forward.
  • #1,967
  • Jul 15, 2013 8:29am Jul 15, 2013 8:29am
black holes, been tweaking hit over 40 pts today already since uk 6.30. boom...
  • #1,968
  • Jul 15, 2013 8:29am Jul 15, 2013 8:29am
Quoting crottsinabox
{quote} This is the part I get confused. I had a position going short heading towards 1.2930 (the blue box in my attached chart from earlier), So if a new zone forms above, and price wants to correct that first, should I just hang on for the time being and wait for the price to come back down and correct the blue zone. I have a US broker so I have to use FIFO rules and no hedging
No guarantee that it need to correct to top first before bottom. What i see is if you are looking at 1H chart, draw a trendline to connect the top, i would see it would break the resistance and move up. The blue zone at the bottom might not be longer valid.
  • #1,969
  • Jul 15, 2013 8:29am Jul 15, 2013 8:29am
talk less more action...!
  • #1,970
  • Jul 15, 2013 8:30am Jul 15, 2013 8:30am
Here you go, Thanks.

It wasn't a huge issue to me but I figured I would point it out in case it made a bigger problem in the future. It was a farther away zone anyway
Attached File(s)
File Type: csv EURUSD15.csv   217 KB | 355 downloads
  • #1,971
  • Jul 15, 2013 8:36am Jul 15, 2013 8:36am
Quoting a_fx
talk less more action...!
I have made one live trade so far as how I understand it for a nice pip gain. But there is always more to learn!
  • #1,972
  • Jul 15, 2013 8:36am Jul 15, 2013 8:36am
Quoting tylerbose
first of all, thanks for the grate system ! , i'v been a member of FF since oct 2011, and never bothered to post, all the systems i'v seen here so far are rubbish and have more to do with blind luck/gambling than anything else, not worth bothering IMO (no offense). to be honest i was starting to think that all technical analysis was BS, and that the market was completely random between the news. but this one is different, i'v made some backrest for few days, and it works flawlessly with my strategy. thanks to Ralome and his wonderful...
I must admit this idea is really really incredible and relates to what i've tried and what i "felt" so many times in the market.

I must admit too that i found other guys here that gave me ideas for a very long term 70% R:R = 1 winning strategy. So what ? am i too greedy to try to do more ?

But what we have here looks deep intrinsic of the market, how it works. That's really mastering the game !

Money is nothing, but the path to know how to make it as much as you want is more rewarding.
  • #1,973
  • Jul 15, 2013 8:36am Jul 15, 2013 8:36am
Quoting a_fx
black holes, been tweaking hit over 40 pts today already since uk 6.30. boom...
  • #1,974
  • Jul 15, 2013 8:40am Jul 15, 2013 8:40am
Quoting crottsinabox
Here you go, Thanks. It wasn't a huge issue to me but I figured I would point it out in case it made a bigger problem in the future. It was a farther away zone anyway {file}
That's the reason you need to mention it Thanks for the file, I'll report back.
Even if you fall on your face, you're still moving forward.
  • #1,975
  • Jul 15, 2013 8:49am Jul 15, 2013 8:49am
Quoting (http://www.forexfactory.com/showthread.php?p=6820035#post6820035)Madmoney
Not bad, me and my friend have also come up with a EA (alerts only), and it has performed 47 live alerts 100% win record.

I believe if you master Eurusdd's most basic method first, the world is your oyster!

Keep it up!


Can madmoney share the alert indicator? Thank you very much
  • #1,976
  • Jul 15, 2013 8:51am Jul 15, 2013 8:51am
Quoting shiva
{quote} here you go {image}
Hi Shiva,
Thanks for your chart as well... just wondering where the 1st box on the right is derived from?
A pip is only worth it if you know how much you risked to earn it
  • #1,977
  • Jul 15, 2013 8:54am Jul 15, 2013 8:54am
Quoting vlady1974
{quote} Hi Shiva, Thanks for your chart as well... just wondering where the 1st box on the right is derived from?
Hi Vlady, that was from the older version of Ralomes indicator, that box is now greyed in the new indicator
  • #1,978
  • Jul 15, 2013 8:57am Jul 15, 2013 8:57am
Quoting crottsinabox
{quote} This is the part I get confused. I had a position going short heading towards 1.2930 (the blue box in my attached chart from earlier), So if a new zone forms above, and price wants to correct that first, should I just hang on for the time being and wait for the price to come back down and correct the blue zone. I have a US broker so I have to use FIFO rules and no hedging
This is maybe a reason why US doesn't allow hedging... They don't want you to beat the bank.
  • #1,979
  • Jul 15, 2013 8:57am Jul 15, 2013 8:57am
Quoting shiva
{quote} Hi Vlady, that was from the older version of Ralomes indicator, that box is now greyed in the new indicator
Excellent. Thanks for letting me know. I don't have MT4 on the computer I am on (and am not allowed to install it anyway).
Are there any zones still in play above the 72-75 area?
A pip is only worth it if you know how much you risked to earn it
  • #1,980
  • Jul 15, 2013 9:02am Jul 15, 2013 9:02am
Quoting IFxRobot
{quote} This is maybe a reason why US doesn't allow hedging... They don't want you to beat the bank.
sounds legit to me. Also the FIFO rule keeps you from using certain tactics to recover from a losing position
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