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The similarity system

  • #2,021
  • Jul 15, 2013 8:23am Jul 15, 2013 8:23am
Quoting vlady1974
Just noted this dissimilarity on the 15M v 1H My inclination is that it will go higher, possibly clearing out that recent zone. {image}
Put in a small long on EU @ 39
A pip is only worth it if you know how much you risked to earn it
  • #2,022
  • Jul 15, 2013 8:25am Jul 15, 2013 8:25am
Quoting vlady1974
{quote} What!?! Can you do that!? Oh man that is brilliant! LOL! I will research that sir.... brilliant brilliant brilliant!
Yes, technically, MT4 does not need to be "installed" on a computer you want to run it on. All programmed libraries are self contained in the MT4 folder. And on a USB, you can port all your custom indicators with it.

And, if you really want to get fancy... since I do a lot of programming either at home or at work, you can copy MT4 on to dropbox.com. So, when I install the dropbox utility on all my computers, no matter if I make modifications at work or at home (or at somebody else's house), my modifications or additions show up on all the computers at the same time. So I always see what I did at home, on my work computer. It very cool. No more copying to USB.

Carl

PS. Dropbox is free.
  • #2,023
  • Jul 15, 2013 8:27am Jul 15, 2013 8:27am
Quoting crodzilla
{quote} Yes, technically, MT4 does not need to be "installed" on a computer you want to run it on. All programmed libraries are self contained in the MT4 folder. And on a USB, you can port all your custom indicators with it. And, if you really want to get fancy... since I do a lot of programming either at home or at work, you can copy MT4 on to dropbox.com. So, when I install the dropbox utility on all my computers, no matter if I make modifications at work or at home (or at somebody else's house), my modifications or additions show up on all...
That sir, is the bomb! Let me get this straight.... can you actually run MT4 from DropBox? Or do you still USB the executables but have the data on DBox?
A pip is only worth it if you know how much you risked to earn it
  • #2,024
  • Jul 15, 2013 8:28am Jul 15, 2013 8:28am
Quoting crodzilla
{quote} Yes, technically, MT4 does not need to be "installed" on a computer you want to run it on. All programmed libraries are self contained in the MT4 folder. And on a USB, you can port all your custom indicators with it. And, if you really want to get fancy... since I do a lot of programming either at home or at work, you can copy MT4 on to dropbox.com. So, when I install the dropbox utility on all my computers, no matter if I make modifications at work or at home (or at somebody else's house), my modifications or additions show up on all...

Interesting. So you run MT4 from Dropbox?
Please pull my head out of my ass, I am running out of oxygen...
  • #2,025
  • Jul 15, 2013 8:31am Jul 15, 2013 8:31am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting cfdtaleong
{quote} hmm I don't have that zone or the marker either. we sure its right?
This bothers me slightly as if we are all seeing different things depending on what brokers we use then how do we know what is true and what to base our decisions on?

My bias is short at the moment based on what I am seeing. But I will manage the trade if it does head up further to take out a zone that I cannot see!!!
An expert is a man who has made all the mistakes which can be made
  • #2,026
  • Jul 15, 2013 8:33am Jul 15, 2013 8:33am
Quoting Neio
{quote} This bothers me slightly as if we are all seeing different things depending on what brokers we use then how do we know what is true and what to base our decisions on?
This falls inline with what the first post says. If I remember correctly, at SOME point, the charts (even with different brokers) must agree on price.
  • #2,027
  • Jul 15, 2013 8:36am Jul 15, 2013 8:36am
eurusd is in a minor state of indecision because of those two zones: one up, one down!!
  • #2,028
  • Jul 15, 2013 8:36am Jul 15, 2013 8:36am
Eurusdd also told us to keep an eye on the 1.2955/57 line. He said if that price didn't hit on Friday that it could hit the the next trading day. He mentioned nodes around when he was posting that. Not sure how that price correlates to the latest zones/charts that most of us are looking at. The beginning of my lower zone begins at 1.2929
  • #2,029
  • Jul 15, 2013 8:37am Jul 15, 2013 8:37am
So I just took 3 trades in the last half hour so. I am utilizing what I think is the correct interpretation of a hybrid between the CI method from post 1 and some screen shots that Madmoney posted a while back. I am posting chart but notice that most of the signals I've got have repainted. The red circles represent the short trades and I went for about 2 pips each or whatever extra the market gave me. The settings for the indies are 1-5-4 for the top CI and 1-25-4 for the bottom CI.

I am glad all 3 were winners but please bear with me as I am trying to catch from the beginning of the thread. If someone sees something that is completely out of place, please be nice and let me know... use bad words if needed... Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2013-07-15 at 10.26.43 AM.png Size: 83 KB
Please pull my head out of my ass, I am running out of oxygen...
  • #2,030
  • Jul 15, 2013 8:39am Jul 15, 2013 8:39am
I have added in push notification to suit my trading style. Let's see if I can catch some trade
  • #2,031
  • Jul 15, 2013 8:42am Jul 15, 2013 8:42am
Quoting Eurusdd
eurusd is in a minor state of indecision because of those two zones: one up, one down!!
I think this is the easiest zone to take out (i.e. the higher one). The momentum was up and I know changing trends don't just trickle into a new direction - they're violent and show a battle of suppliers and buyers.

So if the lower number of 1.2955/57 is gonna be taken out properly, then this current formation should be rejected with a resounding thud. I'm not sure if there is a zone around the 1.32XX area, but if this area is closed but not taken out, a resounding fall could possibly revisit 2955.
A pip is only worth it if you know how much you risked to earn it
  • #2,032
  • Jul 15, 2013 8:45am Jul 15, 2013 8:45am
Quoting Eurusdd
eurusd is in a minor state of indecision because of those two zones: one up, one down!!
Make sense.
  • #2,033
  • Jul 15, 2013 8:45am Jul 15, 2013 8:45am
Quoting Eurusdd
eurusd is in a minor state of indecision because of those two zones: one up, one down!!
Eur,

If you have some time, could you post a couple pictures of the tops and bottoms pics within 10-20 pips that you were eluding to a few days ago? Much appreciated.
Life is too short to have anything but delusional notions about yourself.
  • #2,034
  • Jul 15, 2013 8:45am Jul 15, 2013 8:45am
Quoting vlady1974
{quote} I think this is the easiest zone to take out (i.e. the higher one). The momentum was up and I know changing trends don't just trickle into a new direction - they're violent and show a battle of suppliers and buyers. So if the lower number of 1.2955/57 is gonna be taken out properly, then this current formation should be rejected with a resounding thud. I'm not sure if there is a zone around the 1.32XX area, but if this area is closed but not taken out, a resounding fall could possibly revisit 2955.

I see. Makes sense. So if price moves up to take out the box, I will keep an eye on a heavy move south. Thanks for the insight
  • #2,035
  • Jul 15, 2013 8:55am Jul 15, 2013 8:55am
Quoting crottsinabox
{quote} I see. Makes sense. So if price moves up to take out the box, I will keep an eye on a heavy move south. Thanks for the insight
I would say that whilst this is my sentiment, it's less about predicting price and more about "catching a move" or riding a move.
Whilst Eurusdd has provided a tool and even a map... you still have to trade this sucker. Without other tools, I think there was only one clear strategy that provides a buy/sell signal (ie. The Zigzag/Bollinger fakey method).

So... I still use other tools that give me extra reasons to justify my trade. And this is what Eurusdd also mentioned - to adapt it to your style.
Here's additional reasons for an up move now.

  1. Daily Pivot Point is in the target zone.
  2. 1H and Daily show a bull flag.
  3. There's a big massive BULL candle on the daily... this can't be ignored.
  4. Cross pairs related to EU (eg. EJ and UJ are showing the opposite trends, and if you also watch those they can signal whether EU is a leader or follower).


Any one of these or other factors could change in the next 5 hours of the New York session. But you at least have a plan, and your risk is defined by the last Zig Zag leg of the 15M at 12997, for a reward at 13060 (63 pip leeway).

A pip is only worth it if you know how much you risked to earn it
  • #2,036
  • Jul 15, 2013 9:03am Jul 15, 2013 9:03am
Quoting Neio
{quote} This bothers me slightly as if we are all seeing different things depending on what brokers we use then how do we know what is true and what to base our decisions on? My bias is short at the moment based on what I am seeing. But I will manage the trade if it does head up further to take out a zone that I cannot see!!!
By bias is down also based on CI. But yes these charting issues are quite bothersome

From post till now indi just fixed itself. Prolly some refreshing issue but things are making sense again
I want more brain power!
  • #2,037
  • Jul 15, 2013 9:04am Jul 15, 2013 9:04am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting vlady1974
{quote} I would say that whilst this is my sentiment, it's less about predicting price and more about "catching a move" or riding a move. Whilst Eurusdd has provided a tool and even a map... you still have to trade this sucker. Without other tools, I think there was only one clear strategy that provides a buy/sell signal (ie. The Zigzag/Bollinger fakey method). So... I still use other tools that give me extra reasons to justify my trade. And this is what Eurusdd also mentioned - to adapt it to your style. Here's additional reasons for an up move...

I think this is why the recovery method compliments this. Because if there is a high-probability that the price is going to come back to touch a zone. If it goes the wrong way you can always trade it back to break-even or even profit. This is what I have been doing quite successfully in my demo explorer.
Attached File(s)
File Type: pdf The Recovery System.pdf   65 KB | 943 downloads
An expert is a man who has made all the mistakes which can be made
  • #2,038
  • Jul 15, 2013 9:04am Jul 15, 2013 9:04am
next try to hit the upper box...
  • #2,039
  • Jul 15, 2013 9:05am Jul 15, 2013 9:05am
Quoting cfdtaleong
{quote} By bias is down also based on CI. But yes these charting issues are quite bothersome
Generally, and THIS IS VERY IMPORTANT: All markets must agree eventually, therefore EURUSD will most likely take out the zone on top so that all charts can agree eventually. Mis-pricings must be corrected!!!
  • #2,040
  • Jul 15, 2013 9:05am Jul 15, 2013 9:05am
Taken and similarity!
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