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The similarity system

  • #4,321
  • Jul 24, 2013 2:40am Jul 24, 2013 2:40am
Quoting shiva
1.33xx real soon now.
Whenever we have these 3 PMI days, they almost always produce strong price action with the appropriate data (i.e. this month's forecast was better than last month's fact and this month's fact is better than the forecast). But always 2 minutes earlier than scheduled, because some news company provides the data 2 minutes earlier (for a large fee of course). So watch out for 7:58 GMT (18 minutes)
Even if you fall on your face, you're still moving forward.
  • #4,322
  • Jul 24, 2013 2:41am Jul 24, 2013 2:41am
I think we see now till 9.00 GMT the top of the day.
  • #4,323
  • Jul 24, 2013 2:43am Jul 24, 2013 2:43am
Quoting Madmoney
{quote} You don't have to be top class, I'm certainly not. It's all about experimenting and discovery. Please let us know how you get on.

Mmadmoney, Spufus, I will definitely report back if it is any good, particularly those using Alapari like me
What you do is a reflection of you....what I do is a reflection of me.
  • #4,324
  • Jul 24, 2013 2:44am Jul 24, 2013 2:44am
There are a couple 30+ day old zones above on the EU H1 on my chart.
  • #4,325
  • Jul 24, 2013 2:46am Jul 24, 2013 2:46am
Quoting spufuz
Don't you guys ever sleep? I really thought price would fall after correcting the problem at 1.32! No zones above to correct. Would expect down from here, so I hoping that the spike upwards now is a false breakout. I know, I know, don't trade what you expect, trade what you see. But I might be seeing a false breakout!? What do you guys think?

Be careful now, this doesnt look like a false breakout, lot of fundamentals seem to be behind this.
  • #4,326
  • Jul 24, 2013 2:49am Jul 24, 2013 2:49am
Quoting shiva
{quote} Be careful now, this doesnt look like a false breakout, lot of fundamentals seem to be behind this.
Absolutely, I will not take bearish position before we have a confirmed downtrend actually.
Look at H1 chart, the bullish trend is very strong.
  • #4,327
  • Jul 24, 2013 3:00am Jul 24, 2013 3:00am
LOL Eurozone just keeps printing good news
  • #4,328
  • Jul 24, 2013 3:08am Jul 24, 2013 3:08am
Quoting Me3w
{quote} Sim-Desim. Mostly your stoch no BB, cannot see it. My Final work {image}
Tried to send PM but couldn't. I think you spotted something but I'm not sure what lol. If you could kindly explain a bit more or pm
I want more brain power!
  • #4,329
  • Jul 24, 2013 3:11am Jul 24, 2013 3:11am
Amazing thread! i have one question - has anyone tried the dis-sim system with eurusd x usdchf, due their strong negative correlation?
Sorry for my english.
  • #4,330
  • Jul 24, 2013 3:17am Jul 24, 2013 3:17am
If I recall properly start of dissimilarity says that trend will be continued, yellow line coming down to 0 says that there is min/max, point of good entry (probably first one only) And look at charts it seems to be in harmony with what we actually see...

I like M15 more due to leg drawn

Attached Image (click to enlarge)
Click to Enlarge Name: 0723eurusd.mm15.png Size: 36 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 0723eurusd.mh1.png Size: 38 KB
Time matters most
  • #4,331
  • Jul 24, 2013 3:20am Jul 24, 2013 3:20am
Quoting slimjim
Wow this thread really blows up during my working hours, just got time to look at the charts, ended up going long for the time being (ZZ bottom and M5 CI/PAF concurred): {image} {image} Ok, maybe a little aggressive on the zz bottom, but that's what practice is for.
Good-day slimjim, Please what is the setting of the two CCI on your chart. Kindly respond.
  • #4,332
  • Jul 24, 2013 3:41am Jul 24, 2013 3:41am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Just reflecting on what has happened over the past 24 hour period. Lets be honest it has not been good. It has affected my confidence in trading this live in a week. There are parts of what we have learnt that are clearly tradeable. The part I am having trouble with is Prices attraction to zones where dissimilarity occurred especially those in the past. What I am seeing at the moment is that Price is ignoring older zones lower down and they may expire without being hit. This affected my bias and encouraged me to go short as I could see nothing above. Now I ended up on the wrong side of a powerful move up. This is making trading this difficult because while there are good periods it is periods like now that can blow the account if not careful.
An expert is a man who has made all the mistakes which can be made
  • #4,333
  • Jul 24, 2013 3:47am Jul 24, 2013 3:47am
Quoting Neio
Just reflecting on what has happened over the past 24 hour period. Lets be honest it has not been good. It has affected my confidence in trading this live in a week. There are parts of what we have learnt that are clearly tradeable. The part I am having trouble with is Prices attraction to zones where dissimilarity occurred especially those in the past. What I am seeing at the moment is that Price is ignoring older zones lower down and they may expire without being hit. This affected my bias and encouraged me to go short as I could see nothing above....
I feel the same way mate. Which is why I am doing 3 things:

1) I am trying to recall/trade the way I did before complexity kicked in. The BBZZ was enough (trending / non trending) but this Zone Attraction business that I got caught up in later in the week last week has also made me focus on something that is against my normal trading behaviour. Even some fellow traders were asking "why are you shorting?"

2) Testing a theory on the Daily. Currently underwater... but it's only one day. Nothing to do with DS Zones. But I do want input from the CI guys who have the best settings for 1H and 4H individually, for the Top/Bottom picker not the Confirmation one.

3) Looking at Higher Timeframes first then drilling down using the BBZZ
A pip is only worth it if you know how much you risked to earn it
  • #4,334
  • Jul 24, 2013 3:48am Jul 24, 2013 3:48am
Quoting cfdtaleong
{quote} Tried to send PM but couldn't. I think you spotted something but I'm not sure what lol. If you could kindly explain a bit more or pm
I think he's banned - didn't want him to be. But I wished he was more specific! Nothing more frustrating than someone saying "Re-read the concepts.... Sim/Desim" well... of course, duh.... which parts? LOL
A pip is only worth it if you know how much you risked to earn it
  • #4,335
  • Jul 24, 2013 3:52am Jul 24, 2013 3:52am
If we followed what we saw, and what Eurusdd showed us, this would have been an exellent trade.
Attached Image (click to enlarge)
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  • #4,336
  • Jul 24, 2013 3:53am Jul 24, 2013 3:53am
Quoting Neio
Just reflecting on what has happened over the past 24 hour period. Lets be honest it has not been good. It has affected my confidence in trading this live in a week. There are parts of what we have learnt that are clearly tradeable. The part I am having trouble with is Prices attraction to zones where dissimilarity occurred especially those in the past. What I am seeing at the moment is that Price is ignoring older zones lower down and they may expire without being hit. This affected my bias and encouraged me to go short as I could see nothing above....
yeah, i can see people are angry here, maybe they have lost money,
my advice is, take all good what you have been giving in this thread and learn to use it yourself
there are so many good things that Eurusdd has been giving, like right now i am testing one thing
what he said and that looks so unbelievable good, they are real sr-levels when trend turns and they work,
looks like 100%
  • #4,337
  • Jul 24, 2013 3:54am Jul 24, 2013 3:54am
USD is strong across the board, and yet, EURUSD defies this.
  • #4,338
  • Jul 24, 2013 3:55am Jul 24, 2013 3:55am
Quoting Neio
Just reflecting on what has happened over the past 24 hour period. Lets be honest it has not been good.
Let me allow to comment on this as a more less silent reader: You didn't follow proper risk managament or risk managament at all as you said yourself you would not use stops. I myself cannot assess the reliability of the whole dissimilarity idea Eurusdd has brought to us and how to develop a trading idea other than using the zones as some sort of support/resistance in compliance with my setups. But I would never ever trade anything without stops. I think this is what hurt you most and what might lead you to a conclusion.
  • #4,339
  • Jul 24, 2013 3:59am Jul 24, 2013 3:59am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting vlady1974
{quote} I feel the same way mate. Which is why I am doing 3 things: 1) I am trying to recall/trade the way I did before complexity kicked in. The BBZZ was enough (trending / non trending) but this Zone Attraction business that I got caught up in later in the week last week has also made me focus on something that is against my normal trading behaviour. Even some fellow traders were asking "why are you shorting?" 2) Testing a theory on the Daily. Currently underwater... but it's only one day. Nothing to do with DS Zones. But I do want input from...
I am also reviewing and trying to formulate the way I will trade this going forward as Eurusdd has clearly shown us something but there issues that put us at risk of being on the wrong side of trades:

1. We will not see all of the zones that could affect direction of price.
2. We have no visibility on Technical issues or Blackholes, Sinkholes etc
3. Dissimilar zones don't always seem to attract price an can expire.

I think the BB/ZZ method generally works on M15 but we have to be cautious as it does repaint sometimes.

Maybe I will just trade these without using dissimilar zones for overall bias.

Again I have seen enough things in this thread to be convinced that Eurusdd definitely knows something as the majority of his calls have been bang on. Just need to exercise a bit of caution especially when it comes to trading this live and take note of some of the limitations we discover.
An expert is a man who has made all the mistakes which can be made
  • #4,340
  • Jul 24, 2013 4:01am Jul 24, 2013 4:01am
Quoting juhanimi
{quote} yeah, i can see people are angry here, maybe they have lost money, my advice is, take all good what you have been giving in this thread and learn to use it yourself there are so many good things that Eurusdd has been giving, like right now i am testing one thing what he said and that looks so unbelievable good, they are real sr-levels when trend turns and they work, looks like 100%
hi juhanimi,

what do you mean exactly? what are the real sr-levels? the dis-similarity zones?
thx
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