The similarity system | Page 149 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Similarity: A Practical Approach 859 replies

Similarity Trading - The ZZBB Method 215 replies

Rainbow similarity 256 replies

Similarity Stuff 17 replies

Directional Similarity 0 replies

Attachments: The similarity system
Exit Attachments

The similarity system

  • #2,961
  • Jul 18, 2013 8:01am Jul 18, 2013 8:01am
Quoting Forex Lion
i got lost...I have no plan how to trade...
And you are not alone...
  • #2,962
  • Jul 18, 2013 8:01am Jul 18, 2013 8:01am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Can that ZZ bottom still repaint now that the candle has closed?
An expert is a man who has made all the mistakes which can be made
  • #2,963
  • Jul 18, 2013 8:01am Jul 18, 2013 8:01am
I am out good luck guys
  • #2,964
  • Jul 18, 2013 8:01am Jul 18, 2013 8:01am
Quoting Neio
{quote} Taken a long @ 3081 not sure about it...but I thought if ZZ prints outside of the BB it should be good? Maybe I am getting mixed up??? Maybe I have to wait for the next M15 candle to close first...ooopss...
Boom!

Joined you on that Long
A pip is only worth it if you know how much you risked to earn it
  • #2,965
  • Jul 18, 2013 8:02am Jul 18, 2013 8:02am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting mattkirby
zz outside bb, no dissim, cycle iden both bullish, must get up
I tend to agree...but I am questioning myself all the time at the moment...lol
An expert is a man who has made all the mistakes which can be made
  • #2,966
  • Jul 18, 2013 8:02am Jul 18, 2013 8:02am
Quoting Neio
Can that ZZ bottom still repaint now that the candle has closed?
Of course, if another one goes lower within the specified number of candles range.
  • #2,967
  • Jul 18, 2013 8:02am Jul 18, 2013 8:02am
up and down...come on...whats going on
  • #2,968
  • Jul 18, 2013 8:04am Jul 18, 2013 8:04am
main direction for me still down, all ups now are stop huntings!!!
  • #2,969
  • Jul 18, 2013 8:06am Jul 18, 2013 8:06am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting lnorbi
{quote} Of course, if another one goes lower within the specified number of candles range.
of course...
An expert is a man who has made all the mistakes which can be made
  • #2,970
  • Jul 18, 2013 8:07am Jul 18, 2013 8:07am
This is a real time example to see if my observation is true in this case. I observed previously that IF price closed below the low of the most recent DS zone then price would head for and/or take out the closest zone.

I don't know if it will or not but all the conditions for it to do so are there.

If it does, it will also most likely begin a new DS zone at that point.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdmm15.png Size: 60 KB
  • #2,971
  • Jul 18, 2013 8:09am Jul 18, 2013 8:09am
They are hypnotizing you, the big boys

Attached Image
  • #2,972
  • Jul 18, 2013 8:10am Jul 18, 2013 8:10am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting shiva
They are hypnotizing you, the big boys {image}
LOL... They are on to us...
An expert is a man who has made all the mistakes which can be made
  • #2,973
  • Jul 18, 2013 8:10am Jul 18, 2013 8:10am
Because it testing support
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 225 KB
  • #2,974
  • Jul 18, 2013 8:10am Jul 18, 2013 8:10am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting FXWrangler
This is a real time example to see if my observation is true in this case. I observed previously that IF price closed below the low of the most recent DS zone then price would head for and/or take out the closest zone. I don't know if it will or not but all the conditions for it to do so are there. If it does, it will also most likely begin a new DS zone at that point. {image}
Interesting....thanks for sharing!
An expert is a man who has made all the mistakes which can be made
  • #2,975
  • Jul 18, 2013 8:10am Jul 18, 2013 8:10am
Quoting shiva
They are hypnotizing you, the big boys {image}

.
.
.
A pip is only worth it if you know how much you risked to earn it
  • #2,976
  • Jul 18, 2013 8:13am Jul 18, 2013 8:13am
Guys, this is one of the most dramatic tussles I have ever seen. 2010 and 2011 had some good ones as well.
It's a fight for control and advantage. You can't expect straight lines and having all the rules work.... it's just not what trading is.

Having said that and seen your charts: I was wrong about 3122. It was a legit ZZ Top. Meaning we had to expect ZZ Bottom happening now.
Apologies for the confusion I might have caused.

Now don't forget Bernanke is speaking at 3PM.... fireworks expected.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.PNG Size: 152 KB
A pip is only worth it if you know how much you risked to earn it
  • #2,977
  • Jul 18, 2013 8:14am Jul 18, 2013 8:14am
Big moves and a direction is likely to appear after Fed Chairman Bernanke Testifies in 44 minutes. For now I am showing him how to use excel spreadsheets.
  • #2,978
  • Jul 18, 2013 8:26am Jul 18, 2013 8:26am
if we break 3068 it can go very fast to 3025 or even to 2980.
  • #2,979
  • Jul 18, 2013 8:29am Jul 18, 2013 8:29am
I will long the s*$% out of this if it breaks 3112
A pip is only worth it if you know how much you risked to earn it
  • #2,980
  • Jul 18, 2013 8:35am Jul 18, 2013 8:35am
Quoting vlady1974
I will long the s*$% out of this if it breaks 3112
try it. A retrace is probable befor it goes down. Question is how high???? I still think it's the 3120s.
4 traders viewing now