The similarity system

I thought 1.31867 maybe as the hourly chart has a mid bb value there and stoc bouncing on 20 . Watching hourly has put me off opening a short below just yet this but still have my little one left which i notice hit my first target of 1.31601 earlier ... interesting, I got this right so i know I can trust my judgement a little more thanks to Eurusdd

1.3196...above the zone on 15 min chart

Im not sure if my settings are good, I guess not but the upper one is maybe confirmed

Since I have witnessed your accuracy over the past week, I just moved SL to +2

Nope! 1.31836

LOL


Short @ 1.31829 expired. In the money. 40 pips equivalent
2 Shorts open.

Guys.... 5M chart... look at the shape of the Bollinger. See how if you know what ZZ sequence you can not only estimate price... but the angle of projection.

OMG! I think I may have seen something amazing. Flushed with success from my first post (zero replies ), I am full of trepidation to post again but this seems too good not to share. [t could be that, with the speed of this thread, a few new pages have appeared before my post has been vetted?].

My set up is the usual 15min chart with Ralome's latest indicator (thank you so much ) plus ZZ semafor with the following settings. Period 1 is set to zero, period2 I am calling the minor zigzag and is set to 24 (same as BB) and period3 I am calling the major zigzag (set to 72).

The vertical red lines represent the major zigzag points. Notice where they fall within the DIS/SIM zones. All of them are within periods of DIS and, if this holds up it is extremely exciting as it will not only give us significant pointers to where price is going, but also some indication of when.

I captured this chart at around 8am UK time and am watching it play out for a while to make sure I haven't jumped to the wrong conclusion but I am expecting the following:

Attachment

1. we are currently in a period of SIM and therefore the price should continue downwards/sideways, expecting a new major low to be made once the next DIS zone begins

2. the last major high of 1.32173 shouldn't be taken out (if the theory holds that the next major turning point should be a low in the next DIS zone)

3. I would expect a significant move down in order to create the next DIS and so it is probable that current green zone will be taken out (low 1.31592).

4. Ralome's new forecasting charts estimate the start of the next DIS zone to begin around 8pm UK time so we can expect quite a bit of sideways movement during the day.

My strategy will be to play the minor zigzag turning points in general but with special attention to selling the tops.

I am off to play badminton now, back around 12.30 UK time to see how things are panning out.
[note to self - stoch 24 = 100 at 10.15 chart time but a corresponding minor zigzag was not formed therefore price must return here i.e. 1.32064. But when?]

Attachment

ok, back from badminton and it's 12.45 UK time. The 1.32064 price has not been returned to as yet. A new major low has been printed at 1.31626 so, if the theory holds, the price should drop further so that a lower major turning point will appear near the start of the next DIS zone. Also the green zone hasn't yet been taken out so new lows would be expected). I will be looking for places to sell but will be mindful that the price may rise just above 1.32064, before the next DIS starts.

Let's see what unfolds!

Attachment

Sl hit at 1.3180 +2

Do you see what I mean? She will still push a little. That is my MOM!!

Well done.

If your stoploss is ok - then you should be fine. My mom can be crazy sometimes!!

Oh you mean THAT ONE!
LOLOLOL

Thankfully out with 2 remaining shorts in the money.

I don't call my mom crazy.....i kindly use eccentric.

my forex-mom is not your typical mom ooh. One day she is , next day . But we love to be her children. Hmmm.

Me got to retire. EURUSD is teasing people. Beware!!!

What would life be without a sense of humor!?

My wife had to drag me to the beach for a couple of hours today! Tried to stay tuned over the phone, but I have some catching up to do this evening!!
Have we seen EURUSD doing its last bullish false move for this time`?

Have a word with you mum will you, she's driving the wrong way down a one way street!!

She told me to tell you guys to wait above 1.3183 and I did!!!

Just thinking out loud here. Uh-oh!

Below is a chart of Daily. We used 4500 minutes as the equivalent in 300 bars of 15 minutes. The daily is 4500 / 60 minutes / 24 hours = 3.125
If I set the stoch to 3-1-1, I get the following:

If we say that when the Stoch reaches its extreme point (top) we label it +1, and if it is a bottom, we label it -1.... then we have a cruuuude ZZ indicator of daily. At the moment... the previous day was + so today must be a .... MINUS.

How's that?!

EDIT:
By the way... this isn't a fully fleshed out thought... just a random brainstorm. Haven't worked out how it syncs to a day's colour (ie. UP or DOWN).