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The similarity system

  • #4,081
  • Jul 23, 2013 3:27am Jul 23, 2013 3:27am
the ema 1 is in a range of 20 pips a long time now..maybe there will be a breakout in the near future?
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  • #4,082
  • Jul 23, 2013 3:27am Jul 23, 2013 3:27am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting blackqn
{quote} Agree, however something fishy is in the air... are we ready to clear zones far away down?
It would certainly make more sense to me if we head down. If UP then I will start to lose confidence in these zones and prices attraction to them. This is no disrespect to Eurusdd as I totally believe in him. But I can only trade what I see and understand.
An expert is a man who has made all the mistakes which can be made
  • #4,083
  • Jul 23, 2013 3:31am Jul 23, 2013 3:31am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting spufuz
{quote} That's right. I forgot that. Is there some rule I have missed about that? Like if price closes the unborn zone before x candles have closed in dis-sim, it should be considered as "dead"? I still get a feeling that that zone acts as support right now.

Here you go...


Quoting Eurusdd
​But this will not ALWAYS be the case because the indicator we are using is not the "best". There are cases whereyour claim will fail: However, what most of you have FAILED to learnr is this: The orIginal principle states that price MUST return to the level where the dis-similarity was FIRST DETECTED. So, even if price returns there and the zone has not yet appeared (according to Ralome's indicator), the CONDITION IS DONE!!!!! GET THIS RIGHT!!!!
An expert is a man who has made all the mistakes which can be made
  • #4,084
  • Jul 23, 2013 3:32am Jul 23, 2013 3:32am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Forex Lion
the ema 1 is in a range of 20 pips a long time now..maybe there will be a breakout in the near future? {image}
I agree tight range. I will hold my short. If it breaks to the upside then if necessary I will use the Recovery method to bring it back to Break even at least.
An expert is a man who has made all the mistakes which can be made
  • #4,085
  • Jul 23, 2013 3:32am Jul 23, 2013 3:32am
I would not be suprised if we see a false bullish breakout!
  • #4,086
  • Jul 23, 2013 3:32am Jul 23, 2013 3:32am
Quoting vlady1974
Short 3199 and 3187
Closed short 3199 (auto) for 40 pip equivalent. One still open. Just got into work, not even seen a chart yet but in green.
At home, my MT4 15M formed a ZZTop then a ZZ Bottom (318X) and I knew outside Bollinger had to be a 200+.... Got filled in at 199 even though I pressed the button at 3203. That's trading
A pip is only worth it if you know how much you risked to earn it
  • #4,087
  • Jul 23, 2013 3:34am Jul 23, 2013 3:34am
I am keeping a list of key posts for reference purposes. I am missing one that just came to mind. Does anyone know offhand the post # that describes adjusting the indicators for different timeframes?
  • #4,088
  • Jul 23, 2013 3:34am Jul 23, 2013 3:34am
Quoting Neio
{quote} Here you go... {quote}
Thanks a lot! I remember reading that but must have got it wrong.
  • #4,089
  • Jul 23, 2013 3:36am Jul 23, 2013 3:36am
Quoting vlady1974
{quote} Closed short 3199 (auto) for 40 pip equivalent. One still open. Just got into work, not even seen a chart yet but in green. At home, my MT4 15M formed a ZZTop then a ZZ Bottom (318X) and I knew outside Bollinger had to be a 200+.... Got filled in at 199 even though I pressed the button at 3203. That's trading
40 pip or 4 pip = 40 pipettes?
  • #4,090
  • Jul 23, 2013 3:36am Jul 23, 2013 3:36am
Quoting panamamike
{image}
Nice!
A pip is only worth it if you know how much you risked to earn it
  • #4,091
  • Jul 23, 2013 3:38am Jul 23, 2013 3:38am
Covered short from 3201 at 3186 +15
  • #4,092
  • Jul 23, 2013 3:39am Jul 23, 2013 3:39am
Quoting panamamike
{quote} 40 pip or 4 pip = 40 pipettes?
40 pips @ £1 per pip

P.S. No I've not used the CI as I couldn't get my head around the settings. I need MadMoney and some others to give me a tutorial on that and trade setup. I've even read the manual prepared by someone and I still couldn't wrap it around my head like I did with BBZZ. But I want to... simple reason:
They are both the same principles
A pip is only worth it if you know how much you risked to earn it
  • #4,093
  • Jul 23, 2013 3:40am Jul 23, 2013 3:40am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting panamamike
I am keeping a list of key posts for reference purposes. I am missing one that just came to mind. Does anyone know offhand the post # that describes adjusting the indicators for different timeframes?
hmmm. I don't recall which post that is. But you could try looking through the pdf that I put together of all Eurusdd's posts about the BB-STOCH method. It will be a lot less to go through than this thread.
An expert is a man who has made all the mistakes which can be made
  • #4,094
  • Jul 23, 2013 3:41am Jul 23, 2013 3:41am
Not much news today, so I am anticipating a low volatility day. Can't be greedy, booking profits as they present themselves and looking at both 15m and 5m for entry opportunities.
  • #4,095
  • Jul 23, 2013 3:41am Jul 23, 2013 3:41am
Quoting Neio
{quote} hmmm. I don't recall which post that is. But you could try looking through the pdf that I put together of all Eurusdd's posts about the BB-STOCH method. It will be a lot less to go through than this thread.
Good idea. Thanks for putting that together by the way.
  • #4,096
  • Jul 23, 2013 3:45am Jul 23, 2013 3:45am
The Trap of Probability

DAD: Son, if you toss a fair coin the probability that you will get 5/10 tails is 0.5.
SON: Cool dad!!!

------

Later that day: The boy bought a new fair-coin and a new gun!!!
BOY: I am going to test my daddy's theory.
I will toss this coin 20 times and If I do not get even a single head -I will kill myself!


--

--

Later later that evening: He got 20 tails!!!
HE KILLED HIMSELF!!!
  • #4,097
  • Jul 23, 2013 3:47am Jul 23, 2013 3:47am
Using 15M and value 8 for the CI. Tolerable stability but I think it can be better tuned. Being taught how to read the indictor properly helped mitigate mistakes tremendously. 1st top took in +15 on short. Second top short is going strong Own analysis concurs with short bias good indication I've learnt stuff


Edit : Gah!! Wanted to set a trailing stop ending closing the thing +25 still
I want more brain power!
  • #4,098
  • Jul 23, 2013 3:47am Jul 23, 2013 3:47am
Seems like it is going to test the DP(also Eurusdd's 1.31816) again, if it breaks it should go down to at least S1(also Eurusdd first target 1.3140)
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  • #4,099
  • Jul 23, 2013 3:54am Jul 23, 2013 3:54am
Quoting Eurusdd
Later later that evening: He got 20 tails!!! HE KILLED HIMSELF!!!
Sad, but true, next 20 could be even 20 heads
Time matters most
  • #4,100
  • Jul 23, 2013 3:55am Jul 23, 2013 3:55am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Closed my short for now. Price seems to be ranging. Will look for another opportunity to go short.


EDIT: Watch it go south now....LOL
An expert is a man who has made all the mistakes which can be made
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