The similarity system | Page 164 | 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

  • #3,261
  • Jul 19, 2013 5:49am Jul 19, 2013 5:49am
I have read the thread, but maybe I missed a page. What are pregnant zones and born babies referencing?
  • #3,262
  • Jul 19, 2013 5:52am Jul 19, 2013 5:52am
Quoting vlady1974
{quote} 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.
Thank you vlady, will look for it.
  • #3,263
  • Jul 19, 2013 5:56am Jul 19, 2013 5:56am
Quoting vlady1974
{quote} 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
Question: why not open a free demo account so u have access to Mt4 charts and makes your trádes in your own platform? Then u are not ever wondering if a ZZ has formed. Seems a crucial aspect to how u are trading this.
  • #3,264
  • Jul 19, 2013 5:56am Jul 19, 2013 5:56am
Quoting panamamike
I have read the thread, but maybe I missed a page. What are pregnant zones and born babies referencing?
Pregnant Zones = when Dissimilarity Starts but hasn't ended
Born Babies = Zones that are now on the chart, coinciding when Dissimilarity Ends or Similarity Resumes.

People are hanging on statements from Eurusdd such as:

  1. Price tends to stay between the High/Low of the bar that triggered Dissim. - What happens when price breaks the boundaries.
  2. Dissimilarity zones act as support/resistance
  3. Take note of where price is compared to a zone that hasn't been confirmed yet.


The terminology is evolving to describe when zones exist/don't exist and what to do about them. All of these statements are fine actually... but in context. I think people are using these as Initial Trading Triggers, which I think is not what is intended.

A pip is only worth it if you know how much you risked to earn it
  • #3,265
  • Jul 19, 2013 5:58am Jul 19, 2013 5:58am
what indicator to see zones are you using now?
  • #3,266
  • Jul 19, 2013 6:00am Jul 19, 2013 6:00am
Quoting panamamike
{quote} Question: why not open a free demo account so u have access to Mt4 charts and makes your trádes in your own platform? Then u are not ever wondering if a ZZ has formed. Seems a crucial aspect to how u are trading this.
Good question. I am at work, I don't control my workstation. I tried the DropBox method, but our internet firewall restricts that so.... basically... I don't have access to MT4.

I chart using IGINDEX so I don't have a ZigZag indicator (believe it or not). But I have Bollinger Bands. I don't have Stochastics with Bollinger Bands in the same window. So I am learning to use this system with as naked a set of indies as possible.

EDIT:
I can now make a reasonable guess of where a ZZ will form. I get more comfort when the MT4 indi definitely says it is.
A pip is only worth it if you know how much you risked to earn it
  • #3,267
  • Jul 19, 2013 6:03am Jul 19, 2013 6:03am
Quoting juhanimi
what indicator to see zones are you using now?
I don't. I use MT4 at home, look at the 4H and pick my target. I don't care as much about Dissim Zones forming. I care about ones that exist and right now recent ones below current price have been taken out. But the big zone we are in has not. Add the fact that Eurusdd mentions a technical error at 3153 and you get all targets being south of price. Currently short.
A pip is only worth it if you know how much you risked to earn it
  • #3,268
  • Jul 19, 2013 6:08am Jul 19, 2013 6:08am
Quoting vlady1974
{quote} 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....
here is the 4H chart with the same settings as 15M we can see one big zone above and one big zone below. The zone above as been expired (more than 14 days), so we only have the green zone as target below, right?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-excel-markets.png Size: 90 KB
  • #3,269
  • Jul 19, 2013 6:08am Jul 19, 2013 6:08am
i did mean that, what is best indi for now, to see zones
what indi you guys are using now
  • #3,270
  • Jul 19, 2013 6:11am Jul 19, 2013 6:11am
Quoting juhanimi
i did mean that, what is best indi for now, to see zones what indi you guys are using now
Eurusdd posted a lengthy post with 2 new templates along with 2 updated indicators: v1 and v2.
You are meant to use 2x 15M screens and apply v1 and v2 separately. These will give (sometimes) contrasting zones. See the post for rules. It's about 1 day old.... and also on Page/Post 1.
A pip is only worth it if you know how much you risked to earn it
  • #3,271
  • Edited 6:49am Jul 19, 2013 6:13am | Edited 6:49am
signing off. I hope YOU can see what EURUSD IS DOING!!! Never underestimate the BABY! She will dump you!!!
Attached Image (click to enlarge)
Click to Enlarge Name: AA.PNG Size: 103 KB


Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 62 KB


Technical-corrections are more powerful than whatever FUNDAMENTALS can give you! Learn this!!!!

I will not wait for eurusd to get to 1.31583. I will take a good profit!!!
  • #3,272
  • Jul 19, 2013 6:13am Jul 19, 2013 6:13am
Quoting Forex Lion
{quote} here is the 4H chart with the same settings as 15M we can see one big zone above and one big zone below. The zone above as been expired (more than 14 days), so we only have the green zone as target below, right? {image}
Yes, that's my plan.

Also, after the recent update, Eurusdd changed his expiry time to 35 days. I followed suit. Therefore, upper zone still exists... but since we are in it and haven't cleared it you can now say it is acting as resistance and have more confidence in shorting it.
A pip is only worth it if you know how much you risked to earn it
  • #3,273
  • Jul 19, 2013 6:14am Jul 19, 2013 6:14am
These trades keep on coming! It's becoming easier!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm5.png Size: 75 KB
  • #3,274
  • Jul 19, 2013 6:16am Jul 19, 2013 6:16am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Eurusdd
signing off. I hope YOU can see what EURUSD IS DOING!!! Never underestimate the BABY! She will dump you!!! {image}
An expert is a man who has made all the mistakes which can be made
  • #3,275
  • Jul 19, 2013 6:17am Jul 19, 2013 6:17am
Quoting vlady1974
{quote} Eurusdd posted a lengthy post with 2 new templates along with 2 updated indicators: v1 and v2. You are meant to use 2x 15M screens and apply v1 and v2 separately. These will give (sometimes) contrasting zones. See the post for rules. It's about 1 day old.... and also on Page/Post 1.

vlady...for you a 4 hr... with thanks
Attached Image (click to enlarge)
Click to Enlarge Name: last.png Size: 77 KB
  • #3,276
  • Jul 19, 2013 6:19am Jul 19, 2013 6:19am
Quoting Neio
{quote}
Neio, you can make it too. Just ask the PAIR to love you!!!
  • #3,277
  • Jul 19, 2013 6:21am Jul 19, 2013 6:21am
Quoting vlady1974
{quote} Yes, that's my plan. Also, after the recent update, Eurusdd changed his expiry time to 35 days. I followed suit. Therefore, upper zone still exists... but since we are in it and haven't cleared it you can now say it is acting as resistance and have more confidence in shorting it.
4 hr .......expiry time now 35
Attached Image (click to enlarge)
Click to Enlarge Name: last.png Size: 69 KB
  • #3,278
  • Jul 19, 2013 6:21am Jul 19, 2013 6:21am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Eurusdd
{quote} Neio, you can make it too. Just ask the PAIR to love you!!!

thank you Eurusdd....I am learning to love it. My trading has improved greatly since this thread!!! My demo account is giving me the confidence to go live.
An expert is a man who has made all the mistakes which can be made
  • #3,279
  • Jul 19, 2013 6:27am Jul 19, 2013 6:27am
Quoting vlady1974
{quote} Yes, that's my plan. Also, after the recent update, Eurusdd changed his expiry time to 35 days. I followed suit. Therefore, upper zone still exists... but since we are in it and haven't cleared it you can now say it is acting as resistance and have more confidence in shorting it.

35 days? have not seen this post?
  • #3,280
  • Jul 19, 2013 6:28am Jul 19, 2013 6:28am
Quoting taypot
{quote} vlady...for you a 4 hr... with thanks {image}
Thank you very much. Very helpful.

We are in Similarity now. If I recall, it's best not to open any new trades. My short was done during "pregnancy" or Dissimilarity.
This means big players (watch NYC open) could spike this bad boy. My trades are Binary Options, so I don't worry about stop losses.

I can see a retest of today's high 1.3150. I was late in getting that price... but I will take another short around there if/when that happens.
That should form the Swing ZZ Top.

Other things to note.... it's Friday. So I don't expect the move DOWN to occur all in one hit today either. Next week news days are Wed and Thu so we could also range in this upper zone. I don't know... I don't care... I'm relying on the ZZTop/BB to set my direction.
A pip is only worth it if you know how much you risked to earn it
5 traders viewing now