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The similarity system

  • #4,341
  • Jul 24, 2013 4:02am Jul 24, 2013 4:02am
I'm an avid follower of this thread but I don't trade the system because there are too many imponderables and lot of unsolved mysteries. I think perhaps some have been seduced away from the basics of trading, for example, if you have a series of higher highs and higher lows then you need a really strong reason to be short.
  • #4,342
  • Jul 24, 2013 4:02am Jul 24, 2013 4:02am
Quoting juhanimi
{quote} 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
Even if you fall on your face, you're still moving forward.
  • #4,343
  • Jul 24, 2013 4:02am Jul 24, 2013 4:02am
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....
Agree with you that there are many tradable components. I'm also confused now and with all the theories I've came up with its a little demoralising. I zoomed out my charts and lol things are clearer again. I mentioned price will usually clear zone form the opposite direction that created it? This is fairly easy to see zoomed out just observe the general price direction in relation to the zone. But Eurusdd warned there are cases where this assumption will fail but I think the ratio is rather acceptable. Observe also the ZZ when they are in and outside the zones. I phrase it properly yet...something like ZZ form on approach to take out a zone expect take out to fail and strong reversal that kinda stuff but there is more. Sorry I cannot properly put it in words yet but I think it be good observation
I want more brain power!
  • #4,344
  • Jul 24, 2013 4:04am Jul 24, 2013 4:04am
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 posted the following yesterday, post 4217 I think, eurusd was around 1.3197 and I wanted to short but could see a zone above on the 4hr which stopped me (top 1.33037) and I did try to ask what people thought. The system was giving me this info so it does work. Don't lose confidence just yet as Eurusdd has proved a very good teacher but there is always a 3% chance things don't work out and the 4 hr (with 15 min settings) can be 8% out.

1.3187 is around the mid BB spot in the hourly and as a result I had thought of it for a short order BUT the 4hrly has a zone above it is attacking - top 1.33037 (settings are same as 15 min which Eurusdd said was optimal for 4 hr in post 406). I am reluctant to short this as I can't be at my machine much today and I don't use stops, (I partially close instead which takes time)..



quoting eurusdd .....The 15min template - modified version - is optimal for 4hr too. 92%
Attached Image (click to enlarge)
http://www.forexfactory.com/attachment.php?attachmentid=1238949&stc=1&thumb=1&d=1374585843 (http://www.forexfactory.com/attachment.php?attachmentid=1238949&d=1374585843)
  • #4,345
  • Jul 24, 2013 4:06am Jul 24, 2013 4:06am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting zwirN
{quote} 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.

Let me just be clear. I am not trading this live at the moment so I have not lost money...but I am trying to trade this as if it were my money on the line. So yes IF I had been trading this live I would be in heavy drawdown right now. I may have to evaluate my non-use of stops but so far I have been using the recovery method with no stops with success.

My main reason for raising the issues is that I don't want to be seen as a Cheerleader when times are good and everything is going well. I want to be real as like many others I will have real money riding on this and I would hate for anyone to lose it all. Like I said there are many parts to this and I have seen many good things in this thread so a bad 24hr period does not erase that. I am just being honest in how I feel.
An expert is a man who has made all the mistakes which can be made
  • #4,346
  • Jul 24, 2013 4:06am Jul 24, 2013 4:06am
Quoting killerno
{quote} hi juhanimi, what do you mean exactly? what are the real sr-levels? the dis-similarity zones? thx
it was early in this thread, if i remember right there was only stochastic in m1 and m5, sorry but you have to find that yourself
  • #4,347
  • Jul 24, 2013 4:06am Jul 24, 2013 4:06am
Quoting Neio
{quote} 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...
Yes, we will always be limited in our trading when it comes to the similarity system, I think.
Eurusdd has made clear that he will not share all the tools needed to be able to do what he does.
So I think we have to use the tools provided from him, with our own strategies, and make the best of it.
I don't see how we will be able to do something like spotting that 1.3204 level of "technical problem" that price had to correct? Or will we?
  • #4,348
  • Jul 24, 2013 4:12am Jul 24, 2013 4:12am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
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%

I am not angry...just reflecting. Eurusdd has shown us many good things. Like you say we need to take the bits that we can use and trade it to our advantage.
An expert is a man who has made all the mistakes which can be made
  • #4,349
  • Jul 24, 2013 4:14am Jul 24, 2013 4:14am
Repeating this:

Dump the BB, ZZ and the zone markers. Note when the dissimilarity starts, trade the semaphore dot which appears AFTER the beginning of diss.

Attached Image (click to enlarge)
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  • #4,350
  • Jul 24, 2013 4:17am Jul 24, 2013 4:17am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting taypot
{quote} I posted the following yesterday, post 4217 I think, eurusd was around 1.3197 and I wanted to short but could see a zone above on the 4hr which stopped me (top 1.33037) and I did try to ask what people thought. The system was giving me this info so it does work. Don't lose confidence just yet as Eurusdd has proved a very good teacher but there is always a 3% chance things don't work out and the 4 hr (with 15 min settings) can be 8% out. 1.3187 is around the mid BB spot in the hourly and as a result I had thought of it for a short order BUT...

I am sure I was not the only one that was convinced we were heading lower. I did note your comments but myself based on what we have learnt in this thread I could not see any valid zone above. I know there will be exceptions.
An expert is a man who has made all the mistakes which can be made
  • #4,351
  • Jul 24, 2013 4:24am Jul 24, 2013 4:24am
Quoting shiva
Repeating this: Dump the BB, ZZ and the zone markers. Note when the dissimilarity starts, trade the semaphore dot which appears AFTER the beginning of diss. {image}
nice catch
but isnt the semaphore can repaint?
what tf did you use?
  • #4,352
  • Jul 24, 2013 4:25am Jul 24, 2013 4:25am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Anyway going forward....

My demo trades are in recovery so I hope to bring them back to at least break even. So I am expecting/hoping for price to go down.

It looks like we could have a ZZ top as we are outside the BB but as we know this can repaint.
We also seem unable to make higher highs right now.
An expert is a man who has made all the mistakes which can be made
  • #4,353
  • Jul 24, 2013 4:27am Jul 24, 2013 4:27am
Quoting winterfell
{quote} nice catch but isnt the semaphore can repaint? what tf did you use?
15M, Sem really doesnt repaint, the dots once painted remain, the outer ring in yellow may move. It is not of concern to us, we scalp as soon as a dot appears after the dZ starts. This is one trade per zone kind of trading.
  • #4,354
  • Jul 24, 2013 4:30am Jul 24, 2013 4:30am
so, i made those levels when price was going down
Attached Image (click to enlarge)
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  • #4,355
  • Jul 24, 2013 4:31am Jul 24, 2013 4:31am
I will approach the charts in such a manner.

Me : Yo chart! Where should I be headed?
Chart : Kansas City..
Me : Ok how do I get there?
Chart : Head north to Kanas City
Me : So imma just gonna drive north is that it?
Chart : Hell no man! I ain't your momma dude! Go figure!
Me : Yo ZZ! Chart says we be headed north to Kansas. You er know the route there
ZZ : You kidding me dude? Hell....I'm like a living GP and S brother!
Me : You da man!
ZZ : Turn left on 6
Me : Gotcha.
ZZ : Exit 79
ME : Aight
ZZ : Aw man roads closed. Turn back around on 7

I want more brain power!
  • #4,356
  • Jul 24, 2013 4:31am Jul 24, 2013 4:31am
Quoting shiva
Repeating this: Dump the BB, ZZ and the zone markers. Note when the dissimilarity starts, trade the semaphore dot which appears AFTER the beginning of diss. {image}
Hmmm... I like the simplicity of this.
A pip is only worth it if you know how much you risked to earn it
  • #4,357
  • Jul 24, 2013 4:33am Jul 24, 2013 4:33am
Quoting shiva
Repeating this: Dump the BB, ZZ and the zone markers. Note when the dissimilarity starts, trade the semaphore dot which appears AFTER the beginning of diss. {image}
Can I get your precise settings buddy? I know it's on 15M.
Many thanks
A pip is only worth it if you know how much you risked to earn it
  • #4,358
  • Jul 24, 2013 4:34am Jul 24, 2013 4:34am
Quoting vlady1974
{quote} Hmmm... I like the simplicity of this.
Me to, think im gonna demo this.
Shiva: Are you trading from the M15 TF?
What are your setting?
  • #4,359
  • Jul 24, 2013 4:34am Jul 24, 2013 4:34am
Quoting cfdtaleong
I will approach the charts in such a manner. Me : Yo chart! Where should I be headed? Chart : Kansas City.. Me : Ok how do I get there? Chart : Head north to Kanas City Me : So imma just gonna drive north is that it? Chart : Hell no man! I ain't your momma dude! Go figure! Me : Yo ZZ! Chart says we be headed north to Kansas. You er know the route there ZZ : You kidding me dude? Hell....I'm like a living GP and S brother! Me : You da man! ZZ : Turn left on 6 Me : Gotcha. ZZ : Exit 79 ME : Aight ZZ : Aw man roads closed. Turn back around on 7 ...

  • #4,360
  • Jul 24, 2013 4:35am Jul 24, 2013 4:35am
Quoting shiva
Repeating this: Dump the BB, ZZ and the zone markers. Note when the dissimilarity starts, trade the semaphore dot which appears AFTER the beginning of diss. {image}
Yeah but somehow I only ever get (3)....using 300/300/300 - 1,3 / 8,5 / 21,12 looks right to you?
I want more brain power!
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