The similarity system | Page 172 | 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

  • #3,421
  • Jul 19, 2013 10:49am Jul 19, 2013 10:49am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting IFxRobot
In fact bad traders stay bad traders and brokers won't have my commission. Ciao.
I don't believe that. Stay positive. Keep reading and learning and trade on demo until confident
An expert is a man who has made all the mistakes which can be made
  • #3,422
  • Jul 19, 2013 10:49am Jul 19, 2013 10:49am
Quoting condor666
{quote} I got stopped out with 5 pips profit, better than nothing.
You can't go broke by taking profit!
  • #3,423
  • Jul 19, 2013 10:50am Jul 19, 2013 10:50am
Quoting IFxRobot
A bottom, so short for a few pips. Can be stopped at the middle bb ? Or maybe you prefer seeing the bottom and then go for top ? But we have a dissimilarity on going so price should stay in its trend...
Well before you start trading, make sure you know what you're looking for on the Zig Zag Bollinger Band Tool/ Method:

  1. Price back in BB <check>
  2. Break of Mid <not yet>
  3. Break of BB (down or south) <not yet>
  4. Break of Stoch BB (down or south) <not yet>

When that prints... you would be looking for the above tests again, and a ZZ Top.
Do that on the 5M all week next week and see how many times the ZZ indicator confirms your top/bot or not..... 97% means that it won't do it for all swings.


Things that could go wrong or unexpected:

  1. Price doesn't cross Mid and keeps going in the direction.... and repaints the ZZ swing
  2. Price doesn't break BB but reverses anyway
  3. Stoch BB doesn't break BB but reverses anyway.

Come up with a plan for what you would do. Everyone will be different.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.PNG Size: 114 KB
A pip is only worth it if you know how much you risked to earn it
  • #3,424
  • Jul 19, 2013 10:58am Jul 19, 2013 10:58am
Quoting Madmoney
{quote} You can't go broke by taking profit!

It's rare that i use negative SL
My name is Martin... Martin Gale
  • #3,425
  • Jul 19, 2013 10:58am Jul 19, 2013 10:58am
Quoting Neio
{quote} I don't believe that. Stay positive. Keep reading and learning and trade on demo until confident
Don't worry about that ! I am responsible for what i do, nobody else !

Wish you can make a lot of money, i wish most of all that you can make a wise usage of it !

YOU DO ALL A GOOD WORK !!!
  • #3,426
  • Jul 19, 2013 10:59am Jul 19, 2013 10:59am
Quoting vlady1974
Okay back to trading. 5M timeframe.... if 3158.3 is the target and we've just had a ZZ TOP.... what do we need next?
rest
  • #3,427
  • Jul 19, 2013 11:00am Jul 19, 2013 11:00am
Quoting Eurusdd
{quote} rest
PINT!
A pip is only worth it if you know how much you risked to earn it
  • #3,428
  • Jul 19, 2013 11:00am Jul 19, 2013 11:00am
Quoting Madmoney
{quote} I'm done trading for the week, I would love to sell! But I don't like getting caught up in the weekend madness.
  • #3,429
  • Jul 19, 2013 11:09am Jul 19, 2013 11:09am
eurusd m15,
r-v2 indi, pink line says that dissimilarity starts, is it comparing other timeframes or what, because i can`t see any dissimilarity in price-stoch/bb thing
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15.png Size: 29 KB
  • #3,430
  • Jul 19, 2013 11:10am Jul 19, 2013 11:10am
Quoting vlady1974
{quote} Well before you start trading, make sure you know what you're looking for on the Zig Zag Bollinger Band Tool/ Method: Price back in BB <check> Break of Mid <not yet> Break of BB (down or south) <not yet> Break of Stoch BB (down or south) <not yet>When that prints... you would be looking for the above tests again, and a ZZ Top. Do that on the 5M all week next week and see how many times the ZZ indicator confirms your top/bot or not..... 97% means that it won't do it for all swings. Things that could go wrong or unexpected: Price doesn't cross...
Keep going guys ! your beer (a golden one ?) is not very far !
  • #3,431
  • Jul 19, 2013 11:11am Jul 19, 2013 11:11am
What is the meaning of the term "technical-problem" in forex trading? Any price level of price range where the market shoots itself becomes a worm-hole. Technically those wormholes attract price and can also SWING price right through into another part of the forex-universe. 1.31583 is one of such price-levels.
  • #3,432
  • Jul 19, 2013 11:12am Jul 19, 2013 11:12am
Quoting juhanimi
eurusd m15, r-v2 indi, pink line says that dissimilarity starts, is it comparing other timeframes or what, because i can`t see any dissimilarity in price-stoch/bb thing {image}
HAVE FAITH! Remove emotions and stop trying to rationalize these things. No second guessing!
  • #3,433
  • Jul 19, 2013 11:14am Jul 19, 2013 11:14am
FXWrangler gave an insight today about the ZZ swings.
Eurusdd mentioned about 3158.3 being a technical problem.

Here's what I think has happened, using the 1H timeframe.

Pink ZZ is what SHOULD HAVE HAPPENED.
Blue ZZ is what IS HAPPENING

The correction as you will note from our ZZ rules is broken by the sharp retrace on the day of the big short and bounce, creating a level, 3158 which needs to be taken out so that the Zig Zag sequence is restored. Notice that the most recent swing bottom had to happen INSIDE the bollinger band... breaking our rules.

So it's technical thing, not a fundamental thing.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD1.PNG Size: 109 KB
Click to Enlarge Name: EURUSD2.PNG Size: 111 KB
A pip is only worth it if you know how much you risked to earn it
  • #3,434
  • Jul 19, 2013 11:15am Jul 19, 2013 11:15am
THE 1EMA is expected to stay below 1.3145 till dis-similarity ends. Buy is not a very good option now!
  • #3,435
  • Jul 19, 2013 11:16am Jul 19, 2013 11:16am
Quoting vlady1974
{quote} Well before you start trading, make sure you know what you're looking for on the Zig Zag Bollinger Band Tool/ Method: Price back in BB <check> Break of Mid <not yet> Break of BB (down or south) <not yet> Break of Stoch BB (down or south) <not yet>When that prints... you would be looking for the above tests again, and a ZZ Top.
Price back in BB <check>
Break of Mid <check>
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.PNG Size: 34 KB
A pip is only worth it if you know how much you risked to earn it
  • #3,436
  • Jul 19, 2013 11:17am Jul 19, 2013 11:17am
Quoting Eurusdd
THE 1EMA is expected to stay below 1.3145 till dis-similarity ends. Buy is not a very good option now!
Taypot if you're there... a nice juicy chart would be FANTASTICHE!
A pip is only worth it if you know how much you risked to earn it
  • #3,437
  • Jul 19, 2013 11:17am Jul 19, 2013 11:17am
Quoting Eurusdd
{quote} HAVE FAITH! Remove emotions and stop trying to rationalize these things. No second guessing!
yes, i have faith and understanding about concept, but for me looks like indicator is not doing it`s job right
  • #3,438
  • Jul 19, 2013 11:18am Jul 19, 2013 11:18am
Quoting vlady1974
FXWrangler gave an insight today about the ZZ swings. Eurusdd mentioned about 3158.3 being a technical problem. Here's what I think has happened, using the 1H timeframe. Pink ZZ is what SHOULD HAVE HAPPENED. Blue ZZ is what IS HAPPENING The correction as you will note from our ZZ rules is broken by the sharp retrace on the day of the big short and bounce, creating a level, 3158 which needs to be taken out so that the Zig Zag sequence is restored. Notice that the most recent swing bottom had to happen INSIDE the bollinger band... breaking our rules....
  • #3,439
  • Jul 19, 2013 11:18am Jul 19, 2013 11:18am
Quoting Eurusdd
{quote}
E.U.R.U.S.D.D. = "EURUSD....Daaaaaymnnn!"
A pip is only worth it if you know how much you risked to earn it
  • #3,440
  • Jul 19, 2013 11:20am Jul 19, 2013 11:20am
Quoting vlady1974
{quote} E.U.R.U.S.D.D. = "EURUSD....Daaaaaymnnn!"
I am the first-born ACCORDING to HER!!!
24 traders viewing now