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The similarity system

  • #2,881
  • Jul 18, 2013 5:05am Jul 18, 2013 5:05am
Closed aus for 20pips and and EU and UC for about 10pips each holding EJ short all using the BB ZZ will at charts later
  • #2,882
  • Jul 18, 2013 5:05am Jul 18, 2013 5:05am
Quoting vlady1974
{quote} My small contribution to this line of thought? Save up £500 or $500 and open up a spread-bet account... you cannot trade a demo and feel the emotional consequences of your actions. Do the demo to learn the mechanics of the system, yes. But please, get onto real money as soon as you can. Be emotionally ready to lose it all even before you have started. Once you can accept that you have lost that money before you start trading, then every trade becomes mechanical and unemotional. This is key.
you are right, I did it like this...but I stoped to learn the basics of this new strategy, after I will confident with the rules and mechanics, I will reactivate the real-account.
And of course at the moment I learn so much interesting new stuff here, my brain feels like two weeks on the "oktoberfest"

Thanks for all the great assistance.
  • #2,883
  • Jul 18, 2013 5:06am Jul 18, 2013 5:06am
Quoting vlady1974
{quote} My small contribution to this line of thought? Save up £500 or $500 and open up a spread-bet account... you cannot trade a demo and feel the emotional consequences of your actions. Do the demo to learn the mechanics of the system, yes. But please, get onto real money as soon as you can. Be emotionally ready to lose it all even before you have started. Once you can accept that you have lost that money before you start trading, then every trade becomes mechanical and unemotional. This is key.
I am a bad trader too. I am LIVE because you really can feel how YOU react to things around you... forum, price action, etc.

So what i have is a lot of loses but :

- I am always with 0.01 lot, and think i will continue like that for 100 trades before i "feel" how the price moves.
- I am focussed on Eurusdd recommandations, and try to understand what happened around that.

So my account has grown 0.1% since the beginning of this thread but most importantly i have more wins than loses. So i am profitable, and that's the most important i think. For me, the bad trader, this is a turtle race. Only time and experience will improve that.

And also, when i don't understand something, i look stupid but i don't do anything, so that i don't have any loss there.

And when i am not sure anymore, i take the profit as soon as i can.

Even i know that, i hang to it !

Hope it can help !
  • #2,884
  • Jul 18, 2013 5:06am Jul 18, 2013 5:06am
Quoting Neio
{quote} Thank you for your insightful posts again. In the chart below we see the previous swing high was 1.3159 (yellow circle). If this was a valid swing high then it SHOULD have been outside the BB and the ZZ should have appeared. It did not. So my thinking is that this tells us that the price must go higher or at least equal to that (>1.3159). Hence why Eurusdd is confident on the price reaching 1.3158 (at least). {image}
YES!

AND....

On your chart, notice that the Stoch/BB of the recent swing high 3122 is also out of the BB? What does that tell you about that swing high?
A pip is only worth it if you know how much you risked to earn it
  • #2,885
  • Jul 18, 2013 5:14am Jul 18, 2013 5:14am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting josh11
Closed aus for 20pips and and EU and UC for about 10pips each holding EJ short all using the BB ZZ will at charts later
Interested to hear that these settings work for other pairs. Are you trading fake ZZ tops?
An expert is a man who has made all the mistakes which can be made
  • #2,886
  • Jul 18, 2013 5:17am Jul 18, 2013 5:17am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting vlady1974
{quote} YES! AND.... On your chart, notice that the Stoch/BB of the recent swing high 3122 is also out of the BB? What does that tell you about that swing high?
That it was fake?

I am putting what I think to the test on demo. Opened two longs:

Long @ 1.3115
Long @ 1.3109

TP for both is 1.3150 (but I am expecting it to reach 1.3158 based on what I think and what Eurusdd has told us)

That is not a buy or sell recommendation. Just testing.
An expert is a man who has made all the mistakes which can be made
  • #2,887
  • Jul 18, 2013 5:19am Jul 18, 2013 5:19am
Quoting vlady1974
{quote} YES! AND.... On your chart, notice that the Stoch/BB of the recent swing high 3122 is also out of the BB? What does that tell you about that swing high?
maybe fake, because stoch BB is also outside??
  • #2,888
  • Jul 18, 2013 5:19am Jul 18, 2013 5:19am
Quoting Neio
{quote} That it was fake? I am putting what I think to the test on demo. Opened two longs: Long @ 1.3115 Long @ 1.3109 TP for both is 1.3150 (but I am expecting it to reach 1.3158 based on what I think and what Eurusdd has told us) That is not a buy or sell recommendation. Just testing.
A pip is only worth it if you know how much you risked to earn it
  • #2,889
  • Jul 18, 2013 5:23am Jul 18, 2013 5:23am
Quoting burnssss
as adding warnings of dis-similarities to the indicator bulls and awesome? or just adding rv1 and rv2 as the graphic works? in templates I get nothing on the in bulls and awesome indicators. thank you very much
sorryy, someone can help me?
  • #2,890
  • Jul 18, 2013 5:24am Jul 18, 2013 5:24am
Quoting Forex Lion
{quote} maybe fake, because stoch BB is also outside??


And if you switch to 5M, it can also show you what are the real swings on that timeframe.... BTW we just registered a ZZ Bot on the 5M.
A pip is only worth it if you know how much you risked to earn it
  • #2,891
  • Jul 18, 2013 5:26am Jul 18, 2013 5:26am
Quoting Neio
{quote} Interested to hear that these settings work for other pairs. Are you trading fake ZZ tops?
I am testing at the moment, I am using BB and ZZ to try determine tops and bottoms! I have been back testing and found most of the time when the BB and ZZ are formed you have a high chance it could be a top or bottom.


At the moment I am Testing some other indicators that I use such as APB and TDI to confirm top or bottom!
  • #2,892
  • Jul 18, 2013 5:28am Jul 18, 2013 5:28am
Quoting burnssss
{quote} sorryy, someone can help me?
Burnsss... we're not understanding what it is you want or need? We are not using awesome indicators.
???? I'm really sorry, would love to help but you need to be clear with your question(s).
A pip is only worth it if you know how much you risked to earn it
  • #2,893
  • Jul 18, 2013 5:32am Jul 18, 2013 5:32am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting burnssss
{quote} sorryy, someone can help me?
Hi Burnssss,

I think those indicators you are referring to are indicators that were left in Eurusdd's template. I don't believe they are needed so you can just remove them and add the RV-1 and RV-2 indicators. Or you could just use the my template. I believe it is OK.
An expert is a man who has made all the mistakes which can be made
  • #2,894
  • Jul 18, 2013 5:34am Jul 18, 2013 5:34am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting josh11
{quote} I am testing at the moment, I am using BB and ZZ to try determine tops and bottoms! I have been back testing and found most of the time when the BB and ZZ are formed you have a high chance it could be a top or bottom. At the moment I am Testing some other indicators that I use such as APB and TDI to confirm top or bottom!
Thanks Josh...will be interested to hear how that goes! I quite like TDI myself on high timeframes. Never really used it on lower TFs.
An expert is a man who has made all the mistakes which can be made
  • #2,895
  • Jul 18, 2013 5:37am Jul 18, 2013 5:37am
Quoting Neio
{quote} Thanks Josh...will be interested to hear how that goes! I quite like TDI myself on high timeframes. Never really used it on lower TFs.
Just testing it, we will see
  • #2,896
  • Jul 18, 2013 5:40am Jul 18, 2013 5:40am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting vlady1974
{quote} And if you switch to 5M, it can also show you what are the real swings on that timeframe.... BTW we just registered a ZZ Bot on the 5M.

Cool.

Another question I have (not expecting answers from you...lol)

If we are going to 1.3158. Why not just take out that dissimilarity zone by going to 1.3176?
An expert is a man who has made all the mistakes which can be made
  • #2,897
  • Jul 18, 2013 5:45am Jul 18, 2013 5:45am
Long @ 31074, 31064

Closed the other Longs for +10 and -5
Note. This is counter trend scalping as I am still biased Short. Major positions will be placed once we're closer to 30-50ish.
A pip is only worth it if you know how much you risked to earn it
  • #2,898
  • Jul 18, 2013 5:47am Jul 18, 2013 5:47am
Quoting vlady1974
{quote} I don't have an exact reason for why it will hit X price. What I do know is that ZZ/BB work in a way to predict/project whether a price will form a swing top or bottom. ...... In this case, we have an established ZZ Bottom. So the next ZZ has to be what? Of course! A ZZ Top! Now everyone wants to know where. I personally don't care. For me, it's better to project a range of prices and wait for confirmation So.... Last swing high = 3160 3140ish 3130ish The last 2 are my levels. {image}
Vlady....thanks bro
You really made Eurusdd's 'divine teaching' easier to digest in my miniscule brain
i worshipped... Momentum
  • #2,899
  • Jul 18, 2013 5:47am Jul 18, 2013 5:47am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting vlady1974
Long @ 31074, 31064 Closed the other Longs for +10 and -5 Note. This is counter trend scalping as I am still biased Short. Major positions will be placed once we're closer to 30-50ish.
Going to be interesting to see how all this plays out.
An expert is a man who has made all the mistakes which can be made
  • #2,900
  • Jul 18, 2013 5:47am Jul 18, 2013 5:47am
Quoting Neio
{quote} Cool. Another question I have (not expecting answers from you...lol) If we are going to 1.3158. Why not just take out that dissimilarity zone by going to 1.3176?
I wondered about this... but from a non-DS point of view... if 3176 was taken out, then there's nothing to stop going north. But the fundamentals of that don't match what is happening. Dollar Positive news all round is kicking in for USDYEN. EURUSD must go down... before it can go up again.
A pip is only worth it if you know how much you risked to earn it
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