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The similarity system

  • #3,901
  • Jul 22, 2013 9:06am Jul 22, 2013 9:06am
disappointing home sales, positioning and techincals (lower USD yields), that just gave the kick on to 1.3205.
Keep smiling
  • #3,902
  • Jul 22, 2013 9:06am Jul 22, 2013 9:06am
Don't short yet unless your aggressive!
A pip is only worth it if you know how much you risked to earn it
  • #3,903
  • Jul 22, 2013 9:09am Jul 22, 2013 9:09am
It is there now... So wait for H4 candle close and reverse or wait for dissimilarity end , confirmed with crossed BB by both EMA and Stoch, hunting for short entry, right?

Attached Image (click to enlarge)
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Time matters most
  • #3,904
  • Jul 22, 2013 9:09am Jul 22, 2013 9:09am
Quoting vlady1974
Don't short yet unless your aggressive!
4 hr for vlady

notice green zones start at diff times
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  • #3,905
  • Jul 22, 2013 9:10am Jul 22, 2013 9:10am
Quoting vlady1974
Don't short yet unless your aggressive!
I'm a kitten
Keep smiling
  • #3,906
  • Jul 22, 2013 9:12am Jul 22, 2013 9:12am
Quoting Misterdaz
{quote} I'm a kitten
Mate, my broker's site is down. I'm out for the foreseable moment... but I would be short right now.
A pip is only worth it if you know how much you risked to earn it
  • #3,907
  • Jul 22, 2013 9:12am Jul 22, 2013 9:12am
Quoting Misterdaz
1.3205 on the button! Right again EURUSDD
Great .... salute to the master of EURUSD ....
  • #3,908
  • Jul 22, 2013 9:13am Jul 22, 2013 9:13am
Quoting smallcat
{quote} Great .... salute to the master of EURUSD ....
How the H#LL does he do it?

Amazing.
  • #3,909
  • Jul 22, 2013 9:14am Jul 22, 2013 9:14am
Quoting vlady1974
{quote} Mate, my broker's site is down. I'm out for the foreseable moment... but I would be short right now.
What about waiting for H4 close?
Time matters most
  • #3,910
  • Jul 22, 2013 9:17am Jul 22, 2013 9:17am
Quoting blackqn
It is there now... So wait for H4 candle close and reverse or wait for dissimilarity end , confirmed with crossed BB by both EMA and Stoch, hunting for short entry, right? {image}
The 4H looks good with some conditions satisfied for a ZZTOP.
If I was trading the 4H, absolutely... wait for the close. I'm trading 15M and 5M... if my broker was online. But you know, anything can happen.

When does 4H end... can't remember now... when does your bar end?
A pip is only worth it if you know how much you risked to earn it
  • #3,911
  • Jul 22, 2013 9:19am Jul 22, 2013 9:19am
And the M15 chart, there is DS still, so trend shall continue, right?

ZZ arm formed, EMA passed BB, but Stoch did not made its homework. Opinions?

Attached Image (click to enlarge)
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Time matters most
  • #3,912
  • Jul 22, 2013 9:19am Jul 22, 2013 9:19am
Quoting blackqn
{quote} What about waiting for H4 close?
See post above.... also depends on Price Action. It's forming a pin on the 15M.
My 4H closes at 4PM... London close. Would I trust NYC to bring it down? Probably. You do have a point sir!
A pip is only worth it if you know how much you risked to earn it
  • #3,913
  • Jul 22, 2013 9:19am Jul 22, 2013 9:19am
I think with this system one has to hedge as price bounces around so much. At first we identify disimilarity in the 1.29's now we are up clearing out disimilarity at 1.32's. If one had entered at 1.3050 or 1.31 waiting for retrace to 1.29's you would have been burned unless you opened positions in both directions and dump your longs now i.e. in the 1.32's. Furthermore, we have potential for more disimilarities to push price higher again into mid 1.32's or higher still. In addition to this it is possible that 1.29's will become dead zone very soon if they expire after 14 days. It appears that if one is to make money with this system one has to hold onto positions for a long time and hedge, hedge, hedge!
  • #3,914
  • Jul 22, 2013 9:21am Jul 22, 2013 9:21am
Could somebody pls post an template for BB - Stoch please..the one I have seems to have stuff missing..thanks
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Be the change that you want to change
  • #3,915
  • Jul 22, 2013 9:21am Jul 22, 2013 9:21am
Quoting blackqn
And the M15 chart, there is DS still, so trend shall continue, right? ZZ arm formed, EMA passed BB, but Stoch did not made its homework. Opinions? {image}
Niiiice chart. Yes... this multiframe analysis is vital. Goood good. Yes... I shouldn't really short it now.
What may be happening is that the unofficial ZZTop may actually be valid - but as you know, once the Change In Trend has been confirmed by the big boys' orders, there will be ONE LAST KISS around the same levels.... tonight at Asian or early tomorrow at London Open.
A pip is only worth it if you know how much you risked to earn it
  • #3,916
  • Jul 22, 2013 9:21am Jul 22, 2013 9:21am
Quoting vlady1974
{quote} The 4H looks good with some conditions satisfied for a ZZTOP. If I was trading the 4H, absolutely... wait for the close. I'm trading 15M and 5M... if my broker was online. But you know, anything can happen. When does 4H end... can't remember now... when does your bar end?
happy to hear that, candle closes after 3hrs from now.
Time matters most
  • #3,917
  • Jul 22, 2013 9:24am Jul 22, 2013 9:24am
can someone please make a video about this system's entry and exit? i am lost...
i am the lord that giveth thee power to create wealth.
  • #3,918
  • Jul 22, 2013 9:24am Jul 22, 2013 9:24am
Quoting vlady1974
{quote} Mate, my broker's site is down. I'm out for the foreseable moment... but I would be short right now.
Well I've got a little dicrepancy here. My 1 ema is out side the band and I have possible ZZ top but my stoch has stayed inside the band, which, if I remember rightly means price will have to go back up to that point to fix the stoch difference.

Please correct me if I'm wrong?

Attached Image (click to enlarge)
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EDIT: BLACKQN, Just notice you said the same, I feel better now
Keep smiling
  • #3,919
  • Jul 22, 2013 9:25am Jul 22, 2013 9:25am
Quoting blackqn
{quote} happy to {quote} that, candle closes after 3hrs from now.
This is where the "Chess" game described by Eurusdd results in different interpretations. Your 4H analysis is valid.
I could also short the 15M and be out after 30 minutes..... I could also have a 5M trade and be out in 10 minutes.... it's all different

What is important is that the ZZ formed at the same price on all timeframes. We don't know which timeframe will confirm the top.... although I am betting it will be the lower timeframe...... if this is the case, eg. 5M confirms the 4H... it may do so with 3-5 ZZ Swings with Lower Highs.
A pip is only worth it if you know how much you risked to earn it
  • #3,920
  • Jul 22, 2013 9:25am Jul 22, 2013 9:25am
Quoting fx light
can someone please make a video about this system's entry and exit? i am lost...
good to hear i am not the only one..
Be the change that you want to change
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