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The similarity system

  • #3,241
  • Jul 19, 2013 4:47am Jul 19, 2013 4:47am
Quoting smallcat
{quote} Hi Eurusdd, The price has hit the "pregnant" green support area. So, it "could be" going up, if the dis-similarity appear ?
If you look at my OUTLOOK : It is bearish (MILD). That means I am looking forward to a great fall- but a gentle week! For me, until the problem I see at 1.31583 is corrected - I will sell wisely.

And so far EURUSD has been gentle
  • #3,242
  • Jul 19, 2013 4:49am Jul 19, 2013 4:49am
Quoting Eurusdd
{quote} If you look at my OUTLOOK : It is bearish (MILD). That means I am looking forward to a great fall- but a gentle week! For me, until the problem I see at 1.31583 is corrected - I will sell wisely. And so far EURUSD has been gentle
Thank you. Can you explain, how can we know that "the technical problem at 1.31583" is already corrected or not ?
  • #3,243
  • Jul 19, 2013 4:50am Jul 19, 2013 4:50am
Quoting smallcat
{quote} Hi Eurusdd, The price has hit the "pregnant" green support area. So, it "could be" going up, if the dis-similarity appear ?
I'm going to be the first to say, "Please ignore the idea of support and resistance at the pregnant green support area"!
You just don't know what price will do. Target a REAL BORN VERIFIED ZONE, preferrably the newer ones. They are all below current price.

Quoting vlady1974
{quote} Hey Lion, To me, if it's not on the chart yet, I am not going to create a trade decision based upon it.I think that this expectation of where price is compared to an unborn zone causes confusion. I realise it's important. But wouldn't it be easier if the unborn zone is NOT considered a support/resistance zone until it is born? That removes your question's issue. Also, once Dissimilarity Starts.... the price can do anything it wants... dissimilarity is just the difference between price and stochastic, that doesn't mean traders...
A pip is only worth it if you know how much you risked to earn it
  • #3,244
  • Jul 19, 2013 4:52am Jul 19, 2013 4:52am
Quoting smallcat
{quote} Thank you. Can you explain, how can we know that "the technical problem at 1.31583" is already corrected or not ?
EURUSD will make one last move to that area. It will be a technical move and so it will take people BY SURPRISE.
Big-boys are planning so - just like the buy at 1.2894 - a lot of people will not understand it when it happens.
That is why - sellers should sell wisely. The time will come!
  • #3,245
  • Jul 19, 2013 4:54am Jul 19, 2013 4:54am
Quoting vlady1974
{quote} I'm going to be the first to say, "Please ignore the idea of support and resistance at the pregnant green support area"! You just don't know what price will do. Target a REAL BORN VERIFIED ZONE, preferrably the newer ones. They are all below current price. {quote}

Thank you vlady, but how do i know that the "Real born verified zone" will be at below of current price ? Which item must I see (stoch, bb, ema, or ??? )
  • #3,246
  • Jul 19, 2013 4:55am Jul 19, 2013 4:55am
Quoting smallcat
{quote} Thank you vlady, but how do i know that the "Real born verified zone" will be at below of current price ? Which item must I see (stoch, bb, ema, or ??? )
LOOK at the chart and find your own WOW-moment.
  • #3,247
  • Jul 19, 2013 4:57am Jul 19, 2013 4:57am
Quoting Eurusdd
{quote} EURUSD will make one last move to that area. It will be a technical move and so it will take people BY SURPRISE. Big-boys are planning so - just like the buy at 1.2894 - a lot of people will not understand it when it happens. That is why - sellers should sell wisely. The time will come!
Thank you very much Eurusdd. Great ...
  • #3,248
  • Jul 19, 2013 5:00am Jul 19, 2013 5:00am
Latest chart showing how the little window magnet was quickly closed and how lower zone has formed support. Will it hold? What does the method/approach tell us about this?
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  • #3,249
  • Jul 19, 2013 5:01am Jul 19, 2013 5:01am
Quoting Eurusdd
{quote} LOOK at the chart and find your own WOW-moment.
Ok, thank you. Have learned much from a master like you ....
  • #3,250
  • Jul 19, 2013 5:05am Jul 19, 2013 5:05am
So my final statement. I have to go: Sell but always remember - eurusd can dump you. Therefore -use stoploss/buystops wisely.
  • #3,251
  • Jul 19, 2013 5:09am Jul 19, 2013 5:09am
the tread is very interesting one....like al lorente's & evaluator's..........
trading and investing wisely
  • #3,252
  • Jul 19, 2013 5:13am Jul 19, 2013 5:13am
Quoting Eurusdd
So my final statement. I have to go: Sell but always remember - eurusd can dump you. Therefore -use stoploss/buystops wisely.
Wise words!

Current posted chart (thanks Taypot!) shows that the ZZ Bottom (B) has confirmed ZZ Top (B).
The next logical move is for price to make a....... ZZ Top (C).

A reminder for all the folk:

  1. I don't care about pregnant zones for now
  2. I don't care about real zones for now
  3. I am looking for WHERE a ZZ Top could form??

    1. Outside of Bollinger
    2. Stoch outside of Bollinger
    3. Price to cross Bollinger Mid after (B)

If that price happens to be near 3150-3160 (Daily R2 is 3152), once the charts prints the ZZ Top:

  1. Aggressive: Short the heck out of it, targetting all lower zones. Even better if a Dissimilarity Zone starts around this time as well
  2. Moderate: Wait... if price crosses the BB Mid down, THEN you can short and put a SL at the ZZ Top. Target all lower zones.
  3. Conservative: Wait for any movement down to 3100 and short at 3098ish. Target all lower zones.

Does this show that the Zones become my target, not my REASON FOR TRADING? No support/resistance decisions or wondering if it's i, ii or iii... ​
Just trade the swings (read FXWRANGLER's Recent post!!).

A pip is only worth it if you know how much you risked to earn it
  • #3,253
  • Jul 19, 2013 5:20am Jul 19, 2013 5:20am
Quoting vlady1974
{quote} Wise words! Current posted chart (thanks Taypot!) shows that the ZZ Bottom (B) has confirmed ZZ Top (B). The next logical move is for price to make a....... ZZ Top (C). A reminder for all the folk: I don't care about pregnant zones for now I don't care about real zones for now I am looking for WHERE a ZZ Top could form?? Outside of Bollinger Stoch outside of Bollinger Price to cross Bollinger Mid after (B)If that price happens to be near 3150-3160 (Daily R2 is 3152), once the charts prints the ZZ Top: Aggressive: Short the heck out of it,...
Could you point me to FxWrangler's post ? Is it also at this thread (that i passed it )? Tq
  • #3,254
  • Jul 19, 2013 5:20am Jul 19, 2013 5:20am
Quoting taypot
Latest chart showing how the little window magnet was quickly closed and how lower zone has formed support. Will it hold? What does the method/approach tell us about this? {image}
That price will eventually go through it.
A pip is only worth it if you know how much you risked to earn it
  • #3,255
  • Jul 19, 2013 5:22am Jul 19, 2013 5:22am
Quoting smallcat
{quote} Could you point me to FxWrangler's post ? Is it also at this thread (that i passed it )? Tq
Smallcat, FXWrangler's post is a few pages back. Have you read most of the thread? There are some summary PDFs for Stoch/BB and CI methods. I suggest you become fully immersed in these in order to be able to participate. FXWrangler's post is complex - but not complicated.... so you need to be familiar with the bits and pieces.
A pip is only worth it if you know how much you risked to earn it
  • #3,256
  • Jul 19, 2013 5:24am Jul 19, 2013 5:24am
Quoting vlady1974
{quote} Wise words! Current posted chart (thanks Taypot!) shows that the ZZ Bottom (B) has confirmed ZZ Top (B). The next logical move is for price to make a....... ZZ Top (C). A reminder for all the folk: I don't care about pregnant zones for now I don't care about real zones for now I am looking for WHERE a ZZ Top could form?? Outside of Bollinger Stoch outside of Bollinger Price to cross Bollinger Mid after (B)If that price happens to be near 3150-3160 (Daily R2 is 3152), once the charts prints the ZZ Top: Aggressive: Short the heck out of it,...
also wise words... and something like a plan I can lean on, thanks

so, you are waiting for the zz top to be formed and than start shorting...
until the top has formed, you trade the zz bottom to top also?
  • #3,257
  • Jul 19, 2013 5:28am Jul 19, 2013 5:28am
Quoting vlady1974
{quote} Wise words! Current posted chart (thanks Taypot!) shows that the ZZ Bottom (B) has confirmed ZZ Top (B). The next logical move is for price to make a....... ZZ Top (C). A reminder for all the folk: I don't care about pregnant zones for now I don't care about real zones for now I am looking for WHERE a ZZ Top could form?? Outside of Bollinger Stoch outside of Bollinger Price to cross Bollinger Mid after (B)If that price happens to be near 3150-3160 (Daily R2 is 3152), once the charts prints the ZZ Top: Aggressive: Short the heck out of it,...

Great stuff vlady
put text on according to your thoughts (correct me if I'm wrong) .... but added that top might be next news time at 1.30
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  • #3,258
  • Jul 19, 2013 5:41am Jul 19, 2013 5:41am
Quoting Forex Lion
{quote} also wise words... and something like a plan I can lean on, thanks so, you are waiting for the zz top to be formed and than start shorting... until the top has formed, you trade the zz bottom to top also?
No.

Okay.. this is the level that I start using the Pregnant Zones and Born Zones (Babies) concept.
But before I delve into it... the perspective I take first is to view the world from higher timeframes:

Eurusdd mentioned that the 15M settings can also work on the 4H. So I switch to the 4H and I am looking for the DS Zones to place my targets.

a) Any Zone that are Born Babies that have not been cleared ARE TARGETS
b) Any Zone that is pregnant... will act as a Barrier.

Let's talk about (b) again. Barriers. What happens when you hit a barrier. You get stopped. If you insist on getting through the barrier, you will go through it but you will get resistance. That's how I feel about Pregnant Zones. There are no rules to state that just because it is Support/Resistance... that price won't break it. In one of my posts last night, I showed that a Pregnant Zone had 4 ZigZag swings going through it!! How would you trade that if you always had the conviction that a Pregnant Zone was S/R????? To me it;s a crazy notion.

So.... how to make a plan with (a) and (b). Simple. Eurusdd said that price will find the EASIEST WAY TO THE TARGET (ZONES):
That means "EASY" could be defined as

  1. The closest ones
  2. The newest one
  3. The (1) or (2) that forces price Up/Down into an existing zone

So... Based on this, my current view is that we are targeting the 1.29XX ZONES. This is below us so all trades should be SHORT BIASED. I may do a counter trend trade... but ideally it's better not to for your own sanity and trade management.

It's a slightly older zone but a massively strong support zone. If we break it... we must therefore expect a ZZ Bottom eventually that will target........ the big massive ZONE we are currently in at the moment!

One Zone before the next, all in perfect synchronization with the the ZigZag swings.

A pip is only worth it if you know how much you risked to earn it
  • #3,259
  • Jul 19, 2013 5:48am Jul 19, 2013 5:48am
Quoting taypot
{quote} Great stuff vlady put text on according to your thoughts (correct me if I'm wrong) .... but added that top might be next news time at 1.30 {image}
YES!!!

I'm relying on your MT4 charts today my friend! I'll post more thoughts soon.... I'll give you guys a break LOL
A pip is only worth it if you know how much you risked to earn it
  • #3,260
  • Jul 19, 2013 5:49am Jul 19, 2013 5:49am
it`s like information overload in this thread

thanks for PDF`s
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