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The similarity system

  • #2,381
  • Jul 16, 2013 7:40am Jul 16, 2013 7:40am
Quoting Neio
Still dissimilar.
For me toov (M15).

Looks like a GIANT double top (one week wide) !
  • #2,382
  • Jul 16, 2013 7:43am Jul 16, 2013 7:43am
What a battle!
  • #2,383
  • Jul 16, 2013 7:47am Jul 16, 2013 7:47am
Maybe I'm wrong, but I can see somehow dissimilarity "calming down". Still not similar, but almost...
  • #2,384
  • Jul 16, 2013 7:49am Jul 16, 2013 7:49am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting crodzilla
What a battle!
Wow certainly having to manage this one!!!
An expert is a man who has made all the mistakes which can be made
  • #2,385
  • Jul 16, 2013 7:53am Jul 16, 2013 7:53am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting cfdtaleong
Can someone enlighten me on the move up? Was there a zone or just a case of dissimilarity running its course till it ends?

On my charts (Alpari, FxPro) I do not see a zone above. But others were reporting a zone above. The dissimilarity has not closed so this appears to be the reason behind the trend continuing.
An expert is a man who has made all the mistakes which can be made
  • #2,386
  • Jul 16, 2013 7:55am Jul 16, 2013 7:55am
Quoting Neio
{quote} Wow certainly having to manage this one!!!
Sentiment quickly turning against the USD as movements of USD long positions disappoint; US leveraged accounts now closing out those long positions (http://www.orderflowtrading.com/News/FlowInfo/tabid/349/articleType/ArticleView/articleId/2142/Sentiment-quickly-turning-against-the-USD-as-movements-of-USD-long-positions-disappoint-US-leveraged-accounts-now-closing-out-those-long-positions.aspx)
Flow Info (http://www.orderflowtrading.com/News/NewsFeed/tabid/348/category/2/Default.aspx) 07/16/2013 08:52:37
From:http://www.orderflowtrading.com/News/NewsFeed.aspx
  • #2,387
  • Jul 16, 2013 7:57am Jul 16, 2013 7:57am
Quoting Neio
{quote} Wow certainly having to manage this one!!!

I think that's why it is better to wait for similarity to be restored before entering. Remember, there has to be similarity in order for the trend to change. Or, to be precise, a change of trend WILL cause similarity.
  • #2,388
  • Jul 16, 2013 7:59am Jul 16, 2013 7:59am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting shiva
{quote} Sentiment quickly turning against the USD as movements of USD long positions disappoint; US leveraged accounts now closing out those long positions (http://www.orderflowtrading.com/News/FlowInfo/tabid/349/articleType/ArticleView/articleId/2142/Sentiment-quickly-turning-against-the-USD-as-movements-of-USD-long-positions-disappoint-US-leveraged-accounts-now-closing-out-those-long-positions.aspx) Flow Info (http://www.orderflowtrading.com/News/NewsFeed/tabid/348/category/2/Default.aspx) 07/16/2013 08:52:37 From:http://www.orderflowtrading.com/News/NewsFeed.aspx...

Interesting...
An expert is a man who has made all the mistakes which can be made
  • #2,389
  • Jul 16, 2013 8:01am Jul 16, 2013 8:01am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Barbossa
{quote} I think that's why it is better to wait for similarity to be restored before entering. Remember, there has to be similarity in order for the trend to change. Or, to be precise, a change of trend WILL cause similarity.

Yes we were warned about 4 hours ago...

Quoting Eurusdd
eurusd is preparing for a fall but until that dis-similarity ends, it is risky to starts selling heavy.
An expert is a man who has made all the mistakes which can be made
  • #2,390
  • Jul 16, 2013 8:04am Jul 16, 2013 8:04am
Quoting Neio
{quote} Yes we were warned about 4 hours ago... {quote}
Yes. Very true.
I was getting excited myself

Still gonna hold my shorts though
A pip is only worth it if you know how much you risked to earn it
  • #2,391
  • Jul 16, 2013 8:18am Jul 16, 2013 8:18am
Quoting vlady1974
{quote} Yes. Very true. I was getting excited myself Still gonna hold my shorts though
EURUSD is obviously going for the uptrend, why are you holding your shorts?
Attached Image
  • #2,392
  • Jul 16, 2013 8:31am Jul 16, 2013 8:31am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting smartest
{quote} EURUSD is obviously going for the uptrend, why are you holding your shorts? {image}
Hi, What is that grey box?

Is anyone showing a dissimilarity zone above the current price? If so which Broker?

Regards

Neio
An expert is a man who has made all the mistakes which can be made
  • #2,393
  • Jul 16, 2013 8:45am Jul 16, 2013 8:45am
Quoting smartest
{quote} EURUSD is obviously going for the uptrend, why are you holding your shorts? {image}
I understand that the "uptrend" sentiment is driven by Bernanke's Fomc Bull Bar. But until that top of 1.32XX clears, there's no bull or bear.... as usual.

If I was playing my normal game, I would have been long from Monday. But as it stands, I may have been a tad early - and I could pay for that, which is fair enough - but this Similarity exercise causes me to think we've topped. Hence why I'll hold my shorts. This current area is a defined supply area.

We'll find out in the next 4-8 hours. It's definitely at a crucial point. If I'm wrong, then I switch and go Long. No biggie.

Now coming back to Similarity... where's that grey box coming from?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.PNG Size: 52 KB
A pip is only worth it if you know how much you risked to earn it
  • #2,394
  • Jul 16, 2013 8:49am Jul 16, 2013 8:49am
EUR/USD - Offers at 1.3140 with stops clustering from 1.3150 through 1.3160. Bids light at 1.3100 with stops under 1.3090; more bids at 1.3050 (http://www.orderflowtrading.com/News/FlowInfo/tabid/349/articleType/ArticleView/articleId/2149/EURUSD--Offers-at-13140-with-stops-clustering-from-13150-through-13160-Bids-light-at-13100-with-stops-under-13090-more-bids-at-13050.aspx)
  • #2,395
  • Jul 16, 2013 8:56am Jul 16, 2013 8:56am
Good day everyone.

Can someone with more experience of this method tell me if this EUR/AUD is a dissimilarity on the Bollinger bands method?

Should we be looking to go short in expectation of the ma and stochs to become similar again?
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.jpg Size: 180 KB
  • #2,396
  • Jul 16, 2013 8:56am Jul 16, 2013 8:56am
The thread moving really very fast, I'm short on EurUsd 1.3120, Keeping a very tiny SL
  • #2,397
  • Jul 16, 2013 8:56am Jul 16, 2013 8:56am
Quoting shiva
EUR/USD - Offers at 1.3140 with stops clustering from 1.3150 through 1.3160. Bids light at 1.3100 with stops under 1.3090; more bids at 1.3050 (http://www.orderflowtrading.com/News/FlowInfo/tabid/349/articleType/ArticleView/articleId/2149/EURUSD--Offers-at-13140-with-stops-clustering-from-13150-through-13160-Bids-light-at-13100-with-stops-under-13090-more-bids-at-13050.aspx)
Nice!
A pip is only worth it if you know how much you risked to earn it
  • #2,398
  • Jul 16, 2013 9:03am Jul 16, 2013 9:03am
Do you guys ever think Euruadd could be that big-boy?
  • #2,399
  • Jul 16, 2013 9:04am Jul 16, 2013 9:04am
Shiva, what broker are you using? The only box I can see has got a pair of shoes in it!
Keep smiling
  • #2,400
  • Jul 16, 2013 9:07am Jul 16, 2013 9:07am
Based on the prices of the zone building bellow current price (3065ish), I'll take a stab and say EU may form a cup and handle.
That should satisfy a longer term up trend, whilst still going down to take out that open zone..... err Similarity providing of course
A pip is only worth it if you know how much you risked to earn it
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