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The similarity system

  • #3,801
  • Jul 22, 2013 5:38am Jul 22, 2013 5:38am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Eurusdd
1.32 is a done-deal. They need to take price there! There is NO OTHER WAY for price!!!!! buy dips!
Hi Eurusdd,

You mentioned that it was a sink-hole at 1.32. Can we expect a fast downward reaction once it reaches that price considering the lowest zones below are almost 12 days old?

Regards

Neio
An expert is a man who has made all the mistakes which can be made
  • #3,802
  • Jul 22, 2013 5:40am Jul 22, 2013 5:40am
Quoting Eurusdd
{quote} The system we have - ZZ included - is the closest to NEAR-perfection, I have ever seen or used. It is a beast! Look at ZZ closely, real close! For your information: DO not second-guess 1.32. They will take it out!!!
LOL... I am trying sir! Day job getting in the way!

I'm not going to countertrend... looking for new longs on the 5M until New York
A pip is only worth it if you know how much you risked to earn it
  • #3,803
  • Jul 22, 2013 5:42am Jul 22, 2013 5:42am
Quoting Neio
{quote} Hi Eurusdd, You mentioned that it was a sink-hole at 1.32. Can we expect a fast downward reaction once it reaches that price considering the lowest zones below are almost 12 days old? Regards Neio
There problem that price is faced with each time is this: It has to take out as many zones as possible , Without creating too many new ones!!!

I said 1.32 is a sinkhole - price has to go there before any major fall. She created two new zones on her way there so we have to start forgetting about the lowest zones soon.
  • #3,804
  • Jul 22, 2013 5:44am Jul 22, 2013 5:44am
Quoting josh11
{quote} lol.... I only have one eye!! nah typing to fast while trading... that did make me lol!!
Actually after I typed that I thought "Sh1t!!! what if he only has one eye!!!" hahah.

So Josh you spotted a new dis-sim below at 1.3159, I have that too.

1ema and zig zag (or Semamfor) are outside the upper band, so is the stoch. Could dip before we take 1.3205.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15 0722a.png Size: 58 KB
Keep smiling
  • #3,805
  • Jul 22, 2013 5:45am Jul 22, 2013 5:45am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Eurusdd
{quote} There problem that price is faced with each time is this: It has to take out as many zones as possible , Without creating too many new ones!!! I said 1.32 is a sinkhole - price has to go there before any major fall. She created two new zones on her way there so we have to start forgetting about the lowest zones soon.
Thanks Eurusdd. I hope you are still around the next few weeks when I go live!!! I could do with a good few calls like that!
An expert is a man who has made all the mistakes which can be made
  • #3,806
  • Jul 22, 2013 5:45am Jul 22, 2013 5:45am
Quoting Eurusdd
{quote} There problem that price is faced with each time is this: It has to take out as many zones as possible , Without creating too many new ones!!! I said 1.32 is a sinkhole - price has to go there before any major fall. She created two new zones on her way there so we have to start forgetting about the lowest zones soon.
Yes! This is what I've had in my gut all the time. If price movement creates a direction, then it should be attracted to the zone with the biggest magnet... the lower zones (except 1.29XX) are small. If we take out 1.32XX we have nothing above to magnetise price higher. As long as we don't see 1.33XX I don't believe we'll continue the bulls.
A pip is only worth it if you know how much you risked to earn it
  • #3,807
  • Jul 22, 2013 5:48am Jul 22, 2013 5:48am
Quoting vlady1974
{quote} Yes! This is what I've had in my gut all the time. If price movement creates a direction, then it should be attracted to the zone with the biggest magnet... the lower zones (except 1.29XX) are small. If we take out 1.32XX we have nothing above to magnetise price higher. As long as we don't see 1.33XX I don't believe we'll continue the bulls.
But we should Not Chase her!!! 1.32 is a sink-hole. Once she gets there, dis-engage or she will dump you.
  • #3,808
  • Jul 22, 2013 5:55am Jul 22, 2013 5:55am
Quoting Misterdaz
{quote} Actually after I typed that I thought "Sh1t!!! what if he only has one eye!!!" hahah. So Josh you spotted a new dis-sim below at 1.3159, I have that too. 1ema and zig zag (or Semamfor) are outside the upper band, so is the stoch. Could dip before we take 1.3205. {image}
Think you could be right!! I am just waiting for more confirmation
  • #3,809
  • Jul 22, 2013 5:55am Jul 22, 2013 5:55am
Quoting mubinirl
Eurusdd, can you please suggest settings for CI indi for daily & 4H timeframe (broker: FXCM UK). Later on i will post some charts for your criticism..i want to get this one right on with your help..thanks


it really does not help you, if isomeone give you settings, you have to first understand how trading happens with CI and when you understand that, then you KNOW settings to all timeframes you want
so basic thing is, 2 timeframes and CI same settings in both
think about moving averages, you have in H1 10 ema, you want to look that H1 10 ema in m30, you have to double up, so there setting is 20
hope that helps

this is it, that is all, this how you trade CI, very simple and very effective, only "problem" is when to open trade, but that really is not problem, because you "know" where price has to go, so you can open many small trades instead one big, and exit when there is similarity again->
Eurusdd:
IMPORTANT: The charts MUST always agree before a new trend (minor/major) begins. Therefore, if they do not agree after a certain time, the trend is expected to continue!!!
  • #3,810
  • Jul 22, 2013 5:56am Jul 22, 2013 5:56am
Quoting juhanimi
Eurusdd: IMPORTANT: The charts MUST always agree before a new trend (minor/major) begins. Therefore, if they do not agree after a certain time, the trend is expected to continue!!!
The secret to the CI-method is in that statement. Good job juhanimi.
  • #3,811
  • Jul 22, 2013 6:00am Jul 22, 2013 6:00am
Opportunities opening up on 5M... compare the movement to 15M (Chart below)
Watch those tails... what's it telling you? Nearing the end one final push? New York Open? Possible overshoot?

Eurusdd... definitely not chasing. I'm still on longs until 3208. Then I'll re-asses price action to determine bias change.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.PNG Size: 154 KB
A pip is only worth it if you know how much you risked to earn it
  • #3,812
  • Jul 22, 2013 6:02am Jul 22, 2013 6:02am
Quoting vlady1974
Opportunities opening up on 5M... compare the movement to 15M (Chart below) Watch those tails... what's it telling you? Nearing the end one final push? New York Open? Possible overshoot? Eurusdd... definitely not chasing. I'm still on longs until 3208. Then I'll re-asses price action to determine bias change. {image}
I trust you! Very effective guy!
  • #3,813
  • Jul 22, 2013 6:07am Jul 22, 2013 6:07am
Out of my GBP long for 50pips
  • #3,814
  • Jul 22, 2013 6:07am Jul 22, 2013 6:07am
Quoting Eurusdd
{quote} I trust you! Very effective guy!
Thank you sir.. I am still trying. This has been very worthwhile.
A pip is only worth it if you know how much you risked to earn it
  • #3,815
  • Jul 22, 2013 6:08am Jul 22, 2013 6:08am
Quoting josh11
Out of my GBP long for 50pips
~Awesome!
Was the exit triggered by the Mid by any chance?
A pip is only worth it if you know how much you risked to earn it
  • #3,816
  • Jul 22, 2013 6:09am Jul 22, 2013 6:09am
Quoting josh11
Out of my GBP long for 50pips
loan me 25 pips?
  • #3,817
  • Jul 22, 2013 6:10am Jul 22, 2013 6:10am
Do we have a case with undrawn zone going to be cleared now?

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.mm15.png Size: 38 KB
Time matters most
  • #3,818
  • Jul 22, 2013 6:11am Jul 22, 2013 6:11am
Quoting juhanimi
{quote} Eurusdd: IMPORTANT: The charts MUST always agree before a new trend (minor/major) begins. Therefore, if they do not agree after a certain time, the trend is expected to continue!!!
Juhanimi, Thanks for that..So let's see if I still get this; As Eurusdd has said the trick is not to trade when CI agree but when the CI does not agree. And as you said it if they do not agree after a certain time, the trend is expected to continue...I should keep writing this hundred times & then me old thicko might learn...
Be the change that you want to change
  • #3,819
  • Jul 22, 2013 6:12am Jul 22, 2013 6:12am
Quoting vlady1974
{quote} ~Awesome! Was the exit triggered by the Mid by any chance?
No, I am only watching the 15mins, bcoz I am trading 5 pairs I cant keep flicking to different TF.

Closed because of Price Action
  • #3,820
  • Jul 22, 2013 6:12am Jul 22, 2013 6:12am
Is she sinking now ? On M5/M15, there is still no ZZ leg ... Any idea ?
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