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The similarity system

  • #3,381
  • Jul 19, 2013 9:51am Jul 19, 2013 9:51am
Quoting Me3w
Hi EURUSDD, I am still learning your concept, not easy to catch up to with the thread. Based on what condition you make the call 1.3120/1.31195 ?
Imagine if we all have to answer to that!!
  • #3,382
  • Jul 19, 2013 9:52am Jul 19, 2013 9:52am
Do you know almost 96% of my LIVE trades are done with 10pips risk and I have VERY long winning streaks.
It will take another thread to explain this: This thread is already a FOREST!!!
  • #3,383
  • Jul 19, 2013 9:53am Jul 19, 2013 9:53am
Quoting juhanimi
no animals were harmed in the making of this trade {image}
  • #3,384
  • Jul 19, 2013 9:54am Jul 19, 2013 9:54am
When you are trading : Pay attention to good technicals and don't get confuse with NEWS items! The whole story is in the current price.

There is a problem at 1.31583 and No amount of NEWS will prevent its correction!!!
  • #3,385
  • Jul 19, 2013 9:54am Jul 19, 2013 9:54am
IF price continues to go down, it will be my preferred figure, a nice double top.
My name is Martin... Martin Gale
  • #3,386
  • Jul 19, 2013 9:56am Jul 19, 2013 9:56am
Quoting vlady1974
{quote} Same!

It could give a nice 60 pips trade
My name is Martin... Martin Gale
  • #3,387
  • Jul 19, 2013 9:56am Jul 19, 2013 9:56am
Quoting Eurusdd
When you are trading : Pay attention to good technicals and don't get confuse with NEWS items! The whole story is in the current price. There is a problem at 1.31583 and No amount of NEWS will prevent its correction!!!
Eurusdd... any chance of an overshoot on that price?
A pip is only worth it if you know how much you risked to earn it
  • #3,388
  • Jul 19, 2013 9:57am Jul 19, 2013 9:57am
Quoting vlady1974
{quote} Same! WHOOPS! Sorry... meant EURUSD
Closed my long, short now too!

Don't forget 1.3158 is still lurking.
Keep smiling
  • #3,389
  • Jul 19, 2013 9:58am Jul 19, 2013 9:58am
YES: But I took my profit at 1.31499 on this move.
  • #3,390
  • Jul 19, 2013 10:00am Jul 19, 2013 10:00am
Quoting condor666
{quote} It could give a nice 60 pips trade
It will zigzag, so we can hedge!
  • #3,391
  • Jul 19, 2013 10:00am Jul 19, 2013 10:00am
Due to 1.3158 not hit yet I closed my short for a couple of pips. Had a good day, I'm not being greedy
Keep smiling
  • #3,392
  • Jul 19, 2013 10:01am Jul 19, 2013 10:01am
Quoting vlady1974
{quote} Closed +15 Re-entered 3126, TP open for 1H.
Long options expired in the money
Getting paid, left right and centre today... actually last 2 days (once I got the ZZ/BB thing going properly).

2 shorts in play. I want more.
A pip is only worth it if you know how much you risked to earn it
  • #3,393
  • Jul 19, 2013 10:02am Jul 19, 2013 10:02am
I gotta get the hang of this hedging, I tried it earlier and ballsed up my wining streak.
Keep smiling
  • #3,394
  • Jul 19, 2013 10:02am Jul 19, 2013 10:02am
Quoting Eurusdd
Do you know almost 96% of my LIVE trades are done with 10pips risk and I have VERY long winning streaks. It will take another thread to explain this: This thread is already a FOREST!!!
Looking forward to that!
And PLEASE don't forget you "how to use indicators properly" thread!
  • #3,395
  • Jul 19, 2013 10:03am Jul 19, 2013 10:03am
Quoting vlady1974
{quote} Long options expired in the money Getting paid, left right and centre today... actually last 2 days (once I got the ZZ/BB thing going properly). 2 shorts in play. I want more.
You trading live??

Let's not get greedy, let's play by the method.
  • #3,396
  • Jul 19, 2013 10:05am Jul 19, 2013 10:05am
Quoting Eurusdd
Do you know almost 96% of my LIVE trades are done with 10pips risk and I have VERY long winning streaks. It will take another thread to explain this: This thread is already a FOREST!!!
Which means that when you call for 1.3120/1.31195, you did not enter immediately.
You had patiencely wait for the price move down created the lowest ZZ @1.095 then
reverse back to 1.312 then you place the order OR

better price @ eg. 1.3110 which the stoploss below the last lowest ZZ

So that you can had 10pips risk.


Am I right ?
  • #3,397
  • Jul 19, 2013 10:08am Jul 19, 2013 10:08am
Quoting Madmoney
{quote} You trading live?? Let's not get greedy, let's play by the method.
Yep. Live cash... not alot by any standard, but cash nonetheless.

Using the 5M now to visualise the minor ZZswings. We're due another ZZ Bottom to make 3158 as per my projection on the Right.
If that happens before I leave the office today, I will long going into 3158... dunno... that's not set in stone. I'd rather short AFTER 3158, if you know what I mean.

EDIT:
One possible extra test on the 15M for the ZZ Top/Bot is that once price makes the move outside the Bollinger Band it's a heads up to wait until the price goes back inside the Bollinger Band as a mini-confirmation that it is a legitimate swing in the making.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.PNG Size: 175 KB
A pip is only worth it if you know how much you risked to earn it
  • #3,398
  • Jul 19, 2013 10:11am Jul 19, 2013 10:11am
Quoting vlady1974
{quote} Yep. Live cash... not alot by any standard, but cash nonetheless. Using the 5M now to visualise the minor ZZswings. We're due another ZZ Bottom to make 3158 as per my projection on the Right. If that happens before I leave the office today, I will long going into 3158... dunno... that's not set in stone. I'd rather short AFTER 3158, if you know what I mean. {image}
  • #3,399
  • Jul 19, 2013 10:14am Jul 19, 2013 10:14am
Quoting Madmoney
{quote}
Madmoney, before I start applying this to other pairs.... are you keeping the v2 settings or the v1? or Both? And what other pairs (other than AUDUSD) are you playing with?
A pip is only worth it if you know how much you risked to earn it
  • #3,400
  • Jul 19, 2013 10:19am Jul 19, 2013 10:19am
Quoting vlady1974
{quote} Madmoney, before I start applying this to other pairs.... are you keeping the v2 settings or the v1? or Both? And what other pairs (other than AUDUSD) are you playing with?
V2, at the moment 3 pairs EURUSD USDCHF and AUDUSD
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