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The similarity system

  • #3,181
  • Jul 19, 2013 12:04am Jul 19, 2013 12:04am
Quoting Neio
{quote} If it does continue up and take out this zone my question was where would it go next. There are no zones above this big zone so in my mind it has to return back down anyway. Unless it just keeps on creating zones above and allows the zones below to expire!
No.the zone was born and it is now below us. We are going down.
A pip is only worth it if you know how much you risked to earn it
  • #3,182
  • Jul 19, 2013 12:11am Jul 19, 2013 12:11am
Guys I have a question. Didn't Eurusdd say that there is a very high probability that while we are in similarity price will not leave the range that was created while we were previously in dis-similarity. Which is 1.3065 to 1.3119. But we are above that?
Keep smiling
  • #3,183
  • Jul 19, 2013 12:13am Jul 19, 2013 12:13am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Misterdaz
Guys I have a question. Didn't Eurusdd say that there is a very high probability that while we are in similarity price will not leave the range that was created while we were previously in dis-similarity. Which is 1.3065 to 1.3119. But we are above that?
Yeah I noted that too. He did say that there was a 95% chance it would stay within so I assumed that this is one of the exceptions. Maybe down to that technical fault he pointed out at 1.3158?
An expert is a man who has made all the mistakes which can be made
  • #3,184
  • Jul 19, 2013 12:18am Jul 19, 2013 12:18am
And guys, I'm covering two other members of staff today so try not to do 1,000 posts and hour!!
Keep smiling
  • #3,185
  • Jul 19, 2013 12:34am Jul 19, 2013 12:34am
What is more likely:

a, a zone needs to be taken out
b, a zone acts as resitance/support

About those two opportunities we have talked in this thread, how do we know which one is the best solution?
I think, if we will understand this, we know what direction we have to choose.
  • #3,186
  • Jul 19, 2013 12:51am Jul 19, 2013 12:51am
Quoting Misterdaz
Guys I have a question. Didn't Eurusdd say that there is a very high probability that while we are in similarity price will not leave the range that was created while we were previously in dis-similarity. Which is 1.3065 to 1.3119. But we are above that?
what??? similarity-price? Did I ever use that term?
  • #3,187
  • Jul 19, 2013 12:56am Jul 19, 2013 12:56am
Quoting Forex Lion
What is more likely: a, a zone needs to be taken out b, a zone acts as resitance/support About those two opportunities we have talked in this thread, how do we know which one is the best solution? I think, if we will understand this, we know what direction we have to choose.
I don't understand what you mean by "know what direction to choose". As i read the current state, we have an open DZ below, and we just went into a state of Sym. That means take a short trade. My plan is to take larger size when the trade is in the direction of the prevailing trend. Smaller trades if the direction is against the prevailing trend or, as in this case, the current trend is sideways. I do not use hedging. If a trade does not work out, that is ok, time to wait for the next set up. Good trades to me are those that I follow the system, not taking trades before the setup is complete etc. If the system has an edge, you follow the rules, and use good MM techniques, the account will build over time.

My position sizing strategy will develop as i grow more familiar with the strategy. My early thoughts are risk 2% on trades with the trend, and 1% for others.
  • #3,188
  • Jul 19, 2013 1:08am Jul 19, 2013 1:08am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Eurusdd
{quote} what??? similarity-price? Did I ever use that term?
We are referring to this...

Quoting Eurusdd
On my chart, start of dis-similarity is Green bar and end of dis-similarity is Red bar! Within that region mark the high and the low. Now after dis-similarity ends, there will usually be a little gap before dis-similarity begins again!!! On the 15min eurusd chart, there is 95%+ chance that during the wait, the 1EMA will not break the high/low of the previous area. On my charts, I marked those wait-areas with a blue rectangle!!! {image}
An expert is a man who has made all the mistakes which can be made
  • #3,189
  • Jul 19, 2013 1:09am Jul 19, 2013 1:09am
There should be a comma between the words similarity and price. I didn't mean it as a term.
Keep smiling
  • #3,190
  • Jul 19, 2013 1:11am Jul 19, 2013 1:11am
Quoting Forex Lion
What is more likely: a, a zone needs to be taken out b, a zone acts as resitance/support About those two opportunities we have talked in this thread, how do we know which one is the best solution? I think, if we will understand this, we know what direction we have to choose.
So ?

Summer show !
  • #3,191
  • Jul 19, 2013 1:15am Jul 19, 2013 1:15am
Quoting Misterdaz
There should be a comma between the words similarity and price. I didn't mean it as a term.
Anyway, I never said something like that. CAN you show me?
  • #3,192
  • Jul 19, 2013 1:20am Jul 19, 2013 1:20am
Quoting Neio
{quote} We are referring to this... {quote}
And since it broke that level it has rejected that zone for now maybe?
Another sign to me that we are heading up to correct the zone above.
Looks like we might get a new ZZ leg confirmed at the lower BB band!
I get strong dis-similarity between brokers here! GFT at middle BB band and OANDA at lower??!
  • #3,193
  • Jul 19, 2013 1:25am Jul 19, 2013 1:25am
This case is due to the technical-problem at 1.31583. The move eurusd made was to correct a technical problem at 1.31583. Such moves make no sense from the fundamentalist's point of view! It was a technical one!
  • #3,194
  • Jul 19, 2013 1:29am Jul 19, 2013 1:29am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Eurusdd
This case is due to the technical-problem at 1.31583. The move eurusd made was to correct a technical problem at 1.31583. Such moves make no sense from the fundamentalist's point of view! It was a technical one!
Has the technical problem been resolved now?
An expert is a man who has made all the mistakes which can be made
  • #3,195
  • Jul 19, 2013 1:30am Jul 19, 2013 1:30am
This might be a fake down move, lets see if ZZ forms
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15-07-19.png Size: 85 KB
  • #3,196
  • Jul 19, 2013 1:30am Jul 19, 2013 1:30am
Morning All,

Great to see my long closed at 13149 while I was asleep!!!! Thanks EURUSDD. My homework paid off.

I am still comparing charts as EURUSDD suggested. No one is talking about this so I keep bringing it up until you all tell me its not valid.

here are his words from yesterday am....

If you want to use them, you will have to open two 15min charts side by side and install the indicators; one indicator to a chart.
The rule is very simple:

1: When one indicator shows start of dis-similarity and the other doesn't, the zone that will be created is a very good target.
2: When both charts show dis-similarity bars at the same time, the zones do not appear at the same time AND one zone is taken out before the other one appears on the other chart, then that zone is a very good target.

and here is my current chart comparison....please comment (the royal blue rectangle is one I marked as unborn zone)
Attached Image (click to enlarge)
Click to Enlarge Name: last.png Size: 69 KB
  • #3,197
  • Jul 19, 2013 1:34am Jul 19, 2013 1:34am
Well, even if we correct the zone above or not, we should probably expect price to come down soon since we have zones below?
Also, H1 timeframe shows a new zone will be born between 1.3101 and 1.3070.
The zone around 1.3029 is not showing up at GFT broker, only at OANDA and SHOULD be a good one!
  • #3,198
  • Jul 19, 2013 1:34am Jul 19, 2013 1:34am
Quoting Neio
{quote} Has the technical problem been resolved now?
No.
  • #3,199
  • Jul 19, 2013 1:35am Jul 19, 2013 1:35am
Quoting lappies
This might be a fake down move, lets see if ZZ forms {image}
Im also waiting for that leg to be confirmed, price go up to close the zone and then turn down to the ones below.
  • #3,200
  • Jul 19, 2013 1:35am Jul 19, 2013 1:35am
Quoting Eurusdd
This case is due to the technical-problem at 1.31583. The move eurusd made was to correct a technical problem at 1.31583. Such moves make no sense from the fundamentalist's point of view! It was a technical one!
Ok, so we should not expect the zone prize is in now to be closed?
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