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The similarity system

  • #2,841
  • Jul 18, 2013 3:36am Jul 18, 2013 3:36am
Quoting Eurusdd
I hope people took my call to buy at 1.3093. Hmmm. Dis-similarity did not happen for price to strike below 1.3082. Therefore, those guys are going up to return again!
I bought without your call because I checked both 15M and 5M and ZZ Bottom occurred.
Was filled at 98 whilst I was typing the order when it was 95. Oh well. Out now for +19 pips.
A pip is only worth it if you know how much you risked to earn it
  • #2,842
  • Jul 18, 2013 3:37am Jul 18, 2013 3:37am
Quoting burnssss
My vision: will break 3083/8, will go to 3053/2 and eventually will fall in 2994/2
Yes but will it clear the green zone first ?

And we must have a new dissimilarity to break, no ?
  • #2,843
  • Jul 18, 2013 3:38am Jul 18, 2013 3:38am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting EaglePip
{quote} Hi Neio, Nice work on the templates. Just want to mention that the R-v2 Indi has 6 BB , the plotted BB in the template is 24. It is just a visual thing and easy to change manually but, Eur can confirm this.

Eurusdd said that the BB settings should remain the same...

Quoting Eurusdd
{quote} Leave everything else, except the new indicator R-V2. neio, THE zz CAme to early, so do not be surprised to see price shoot up to 1.31583
An expert is a man who has made all the mistakes which can be made
  • #2,844
  • Jul 18, 2013 3:40am Jul 18, 2013 3:40am
Quoting Forex Lion
{quote} as I have a new zone, smaller green one in the bigger green one, on one chart and not on the other....is this a possible target? Like you said on your instructions...
kind of the reason this monster is trying to go there.
  • #2,845
  • Jul 18, 2013 3:41am Jul 18, 2013 3:41am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Eurusdd
{quote} Leave everything else, except the new indicator R-V2. neio, THE zz CAme to early, so do not be surprised to see price shoot up to 1.31583
I saw that but I do not see why it is significant.
An expert is a man who has made all the mistakes which can be made
  • #2,846
  • Jul 18, 2013 3:41am Jul 18, 2013 3:41am
Quoting Eurusdd
{quote} do you see the BB can tell you where to expect ZZ?
YESS! I'm just catching up on the posts... but I didn't explain this very well in my call as I was on a train in to work. But yes, the ZZ Tops and Bottoms magnify each other during SM periods waiting for a DS to kick in. I also projected the high 50s price as a possibility... this morning I thought it may fail at a lower price / previous ZZ bottom.

Actually... what you said yesterday about the QUIET ZONE opened the whole thing up.... the system isn't really a "1-2-3 system" but a game strategy more like:
If A then B otherwise C then wait for A again or B otherwise C and if this happens D.... kind of thing. Where each letter is a component of the strategy:

A = Simmilarity
B = ZZ
C = Dissimiliarity
D = Zones pushing each other.
A pip is only worth it if you know how much you risked to earn it
  • #2,847
  • Jul 18, 2013 3:43am Jul 18, 2013 3:43am
Quoting Neio
{quote} Eurusdd said that the BB settings should remain the same... {quote}
Oh...sorry.. missed that!
  • #2,848
  • Jul 18, 2013 3:45am Jul 18, 2013 3:45am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting EaglePip
{quote} Oh...sorry.. missed that!
No problem...this thread moves at a pace...lol
An expert is a man who has made all the mistakes which can be made
  • #2,849
  • Jul 18, 2013 3:46am Jul 18, 2013 3:46am
Quoting Eurusdd
{quote} Leave everything else, except the new indicator R-V2. neio, THE zz CAme to early, so do not be surprised to see price shoot up to 1.31583
1.31583 Always valid ? The next ZZ leg is down.

Thanks.
  • #2,850
  • Jul 18, 2013 3:47am Jul 18, 2013 3:47am
Also... to add to the ZZ.... During Dissimilarity (DS - I will use to this from now on), the variance comes down to zero as Eurusdd said last night. When that happens, the bar's top or bottom can act as resistence. This is where the 3158 can also come from.
A pip is only worth it if you know how much you risked to earn it
  • #2,851
  • Jul 18, 2013 3:51am Jul 18, 2013 3:51am
Quoting IFxRobot
{quote} Yes but will it clear the green zone first ? And we must have a new dissimilarity to break, no ?
No it wont. It will probably retrace 50/60 percent of it but wont clear it. This is an important zone (Bernanke statement is dollar positive)... therefore EURUSD has to fall.

Dissimilarity may come on or around the ZZ Top which forms on the 15M.... look for it at 3158 or earlier.
A pip is only worth it if you know how much you risked to earn it
  • #2,852
  • Jul 18, 2013 3:54am Jul 18, 2013 3:54am
Quoting Neio
{quote} No problem...this thread moves at a pace...lol
Let us slow down!!!
  • #2,853
  • Jul 18, 2013 3:54am Jul 18, 2013 3:54am
Guys! The low of 3083 needs a BIG push down.

Asia did not go past the daily Pivot Point of 3125 which is where I had one of my short targets.
Eurusdd is stating that 3158 is also a good short level - look at it - it's the last Swing High on the 15M.... kind of like a double-top with a range of 3160-3083 = 77pips. 77x2=154.... 3160-154=3006 as a minimum price target for a short.
A pip is only worth it if you know how much you risked to earn it
  • #2,854
  • Jul 18, 2013 3:55am Jul 18, 2013 3:55am
Quoting IFxRobot
{quote} 1.31583 Always valid ? The next ZZ leg is down. Thanks.
Be careful: ROBOT!!!
  • #2,855
  • Jul 18, 2013 3:56am Jul 18, 2013 3:56am
Long @ 3115
A pip is only worth it if you know how much you risked to earn it
  • #2,856
  • Jul 18, 2013 4:01am Jul 18, 2013 4:01am
Great work guys finally caught up with all the reading!!

I am also long Eur and aus and short UC
  • #2,857
  • Jul 18, 2013 4:02am Jul 18, 2013 4:02am
Quoting Eurusdd
{quote} WATCH IT! price will HUG the BB till 1.31583. The reason is clearly on your chart!!!!
I can definitely see that.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.PNG Size: 158 KB
A pip is only worth it if you know how much you risked to earn it
  • #2,858
  • Jul 18, 2013 4:03am Jul 18, 2013 4:03am
Quoting vlady1974
Long @ 3115
I have to SLEEP. But remember EURUSDD has spoken! 1.31583 is in the line of fire. Dis-similarity bar is needed to break 1.3082 in a way; so, for now continue the call(buy @ 1.3093) I made earlier on.
We could get a spike there.

Manage your BUY careful because a new dis-similarity bar can sent price below 1.3082!!!
  • #2,859
  • Jul 18, 2013 4:04am Jul 18, 2013 4:04am
I thought I understand but I don't.....I'm really failing terribly at this. I get some trades right only to have others fail terribly eating away my profits and capital to an extent I have don't much to go on with. Loss recovery is going to take a long time. Some king soul give me a idiot's guide or point me to the right direction something or something.
I want more brain power!
  • #2,860
  • Jul 18, 2013 4:08am Jul 18, 2013 4:08am
Wow, needed some time to catch up.

Eurusdd and all others, thanks a lot for your efforts trying to explain and to share your views, all this information is a huge help for those who wish to learn!!

Yesterday I had loss, I think I tried to combine this technique too much with my original trading approach. And as we know, forex is a very complex system, thus several completely different strategies can be profitable the same time. But not if mixed up...

Today I'm focusing only on this system and trying to ignore my earlier "human signals". So far so good, took the fall during the Asia session, and now I'm also long since 1.3107... I naturally need time to adapt this thinking, but I like the concept a lot, and I believe it started to make sense to me.

Thanks again!!
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