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The similarity system

  • #2,921
  • Jul 18, 2013 7:02am Jul 18, 2013 7:02am
Quoting cfdtaleong
{quote} A great help for the last guy in class thanks....I'm going back to square one and taking this bit by bit again. To square my understanding..just because ZZ paints with the 1 EMA at BB does not mean a reversal..I've seen the thing repaint itself 20-30 pips later taking out my stops. What you've posted is a good way to mitigated that yes?
That's for the 15M, yes. Things get complicated when you start switching timeframes during the session.
A pip is only worth it if you know how much you risked to earn it
  • #2,922
  • Jul 18, 2013 7:13am Jul 18, 2013 7:13am
Quoting josh11
Out of EJ +15pios Euro at BE
Quoting josh11
Out of EU and GU at BE Good luck all
Hi Josh11,
Apparently you trade ZZ ...

Do you trade every ZZ Top & Bottom?
What TF...5M or 15M?

Thnx b4,

RR
i worshipped... Momentum
  • #2,923
  • Jul 18, 2013 7:13am Jul 18, 2013 7:13am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
This is how I would like this to play out as I am hoping it matches what I believe....if not I am lost!!!

Spike UP on BAD U.S unemployment data due shortly?

Spike down later on positive U.S Bernake comments?
An expert is a man who has made all the mistakes which can be made
  • #2,924
  • Jul 18, 2013 7:16am Jul 18, 2013 7:16am
Quoting Neio
This is how I would like this to play out as I am hoping it matches what I believe....if not I am lost!!! Spike UP on BAD U.S unemployment data due shortly? Spike down later on positive U.S Bernake comments?
I hope so as well...
Currently it's the most classical example of a perfect slow downtrend, on M1, M5 and M15...
  • #2,925
  • Jul 18, 2013 7:16am Jul 18, 2013 7:16am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Neio
This is how I would like this to play out as I am hoping it matches what I believe....if not I am lost!!! Spike UP on BAD U.S unemployment data due shortly? Spike down later on positive U.S Bernake comments?

hmmm.... no dissimilarity yet so according to Eurusdd this is unlikely to go down yet???

My demo trades earlier are suffering...lets see how this plays out!!!
An expert is a man who has made all the mistakes which can be made
  • #2,926
  • Jul 18, 2013 7:17am Jul 18, 2013 7:17am
Wow... 3rd attempt at 3095
A pip is only worth it if you know how much you risked to earn it
  • #2,927
  • Jul 18, 2013 7:18am Jul 18, 2013 7:18am
Quoting rockrobb
{quote} {quote} Hi Josh11, Apparently you trade ZZ ... Do you trade every ZZ Top & Bottom? What TF...5M or 15M? Thnx b4, RR
Hi mate, at the moment I am only trading 15min TF!! I dont trade everyone know! i wait for confirmation from the APB and TDI indicator...

Please remember I am just testing at the moment
  • #2,928
  • Jul 18, 2013 7:19am Jul 18, 2013 7:19am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Neio
{quote} hmmm.... no dissimilarity yet so according to Eurusdd this is unlikely to go down yet??? My demo trades earlier are suffering...lets see how this plays out!!!
Concerned about the ZZ top that has formed on M15....did not think that could happen?
An expert is a man who has made all the mistakes which can be made
  • #2,929
  • Jul 18, 2013 7:19am Jul 18, 2013 7:19am
1.3088 dam it!
  • #2,930
  • Jul 18, 2013 7:20am Jul 18, 2013 7:20am
Guys, let me be wrong, but this is not working as it should.
It will break through the zone below, once news will cause the turbulence and this dissim...
  • #2,931
  • Jul 18, 2013 7:20am Jul 18, 2013 7:20am
13083 broken... hmmm, let's see where 15M closes.
A pip is only worth it if you know how much you risked to earn it
  • #2,932
  • Jul 18, 2013 7:23am Jul 18, 2013 7:23am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting vlady1974
13083 broken... hmmm, let's see where 15M closes.
The 1EMA could still end up within the H/L of the previous dissimilarity.

At the moment I am thinking I need to go back to the drawing board with my understanding!
An expert is a man who has made all the mistakes which can be made
  • #2,933
  • Jul 18, 2013 7:25am Jul 18, 2013 7:25am
Looks like it might go up from here...
  • #2,934
  • Jul 18, 2013 7:25am Jul 18, 2013 7:25am
Quoting Eurusdd
{quote} 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!!!
ok, now price should go up...it is on the downside-limit and no dissim-bar is printed
  • #2,935
  • Jul 18, 2013 7:27am Jul 18, 2013 7:27am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Forex Lion
{quote} ok, now price should go up...it is on the downside-limit and no dissim-bar is printed
Less than 3 mins until news...could that be a nice pin forming on M15???!!!
An expert is a man who has made all the mistakes which can be made
  • #2,936
  • Jul 18, 2013 7:30am Jul 18, 2013 7:30am
I told you that 3122 was a bitch. It's a fake top and has caused confusion for us.
Here's why. But 5M swing is in play.

EDIT:
AND WATCH THE CLOSE / in or out of BB
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.PNG Size: 160 KB
A pip is only worth it if you know how much you risked to earn it
  • #2,937
  • Jul 18, 2013 7:32am Jul 18, 2013 7:32am
Bloody hell that's some vicious pins forming!
A pip is only worth it if you know how much you risked to earn it
  • #2,938
  • Jul 18, 2013 7:35am Jul 18, 2013 7:35am
could you see how the zone is acting as support, until now..
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m15-excel-markets.png Size: 73 KB
  • #2,939
  • Jul 18, 2013 7:35am Jul 18, 2013 7:35am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
News was dollar positive but it is struggling to move down!!!!???
An expert is a man who has made all the mistakes which can be made
  • #2,940
  • Jul 18, 2013 7:38am Jul 18, 2013 7:38am
Quoting Neio
News was dollar positive but it is struggling to move down!!!!???
Players want a better price, mate. ie higher price.
EDIT: Well, to be fair, that's more of an opinion... it's a downright fight at the minute!
A pip is only worth it if you know how much you risked to earn it
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