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The similarity system

  • #4,581
  • Jul 25, 2013 5:33am Jul 25, 2013 5:33am
Quoting taypot
{quote} great, but closing most now as approaching resistance 300ma, just in case
Good trade, (all out now) so what did I do, just for my record and anyone else thats interested.

1. Looked at 4 hr chart and decided the zone above looked good, euro recovering after some news had bashed it.

2. checked 1 min and saw two magnetic zones above. Bought aiming to close most at top first zone or if it fell further.

3. Closed most at top first zone, then watched it bounce between the two zones

4. Closed rest as approaching 300ma resistance and this whole move could retrace as current trend is down despite that tempting 4 hr zone and higher times frames look dodgy. Basically I think it was a scalp and should ignore 4 hr top zone for now.

Juhanimi and Sixfour....Great trades too, different ideas....great stuff...lets keep those big boys guessing. Need to look at what you are both doing! gotta go now. good luck all. will be back.
  • #4,582
  • Jul 25, 2013 5:33am Jul 25, 2013 5:33am
Quoting spufuz
{quote} And by that you mean 10 pip S/L at each direction?
it is a trending thing, think about it,

if mis-pricing is place where big boys are loading, so when price comes back to level, they load again
  • #4,583
  • Jul 25, 2013 5:37am Jul 25, 2013 5:37am
you will see a spike to 1.3204 than eurusd will fall again.
  • #4,584
  • Jul 25, 2013 5:39am Jul 25, 2013 5:39am
weŽll see, live and learn
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 37 KB
  • #4,585
  • Jul 25, 2013 5:45am Jul 25, 2013 5:45am
Quoting juhanimi
weŽll see, live and learn {image}
As we can see in this chart. LH and LL so we start to the downside......
  • #4,586
  • Jul 25, 2013 5:50am Jul 25, 2013 5:50am
Quoting mattkirby
{quote} As we can see in this chart. LH and LL so we start to the downside......
we`ll see
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 34 KB
  • #4,587
  • Jul 25, 2013 5:51am Jul 25, 2013 5:51am
Before:

  1. Post# 4,515 (http://www.forexfactory.com/showthread.php?p=6845055#post6845055)


After

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 34 KB
  • #4,588
  • Jul 25, 2013 5:54am Jul 25, 2013 5:54am
Quoting mattkirby
you will see a spike to 1.3204 than eurusd will fall again.
Agree!!! Still holding my short from this morning and believe it will continue at this level.... Nice work!
  • #4,589
  • Jul 25, 2013 5:56am Jul 25, 2013 5:56am
Quoting Neio
{quote} hmmm...Dissimilarity has started so things have changed....

Good-day Neio, Please assist

I notice the CI indicator repaints alot. Please what is the way out or is there another version of the CI indicator that do not repaint.

Kindly assist and replay please.
  • #4,590
  • Jul 25, 2013 5:58am Jul 25, 2013 5:58am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting dare123
{quote} Good-day Neio, Please assist I notice the CI indicator repaints alot. Please what is the way out or is there another version of the CI indicator that do not repaint. Kindly assist and replay please.
Sorry I do not use the CI. Also Eurusdd said it is the least efficient method so I prefer Stoch-BB
An expert is a man who has made all the mistakes which can be made
  • #4,591
  • Jul 25, 2013 6:03am Jul 25, 2013 6:03am
Quoting juhanimi
{quote} Christian people do this every day!! They believe that they have key to immortality..
:-)

Quoting juhanimi
{quote} ..about trading, looks like i found true sr-levels, THANKS to you MAN!!!
This part was always kind of obvious to me, mispricing between buyers and sellers is analogous to dynamic support and resistance levels. Trading away from them makes sense..
  • #4,592
  • Jul 25, 2013 6:06am Jul 25, 2013 6:06am
Quoting dare123
{quote} Good-day Neio, Please assist I notice the CI indicator repaints alot. Please what is the way out or is there another version of the CI indicator that do not repaint. Kindly assist and replay please.
It was the same CI that I used to make the prediction in

  1. Post# 4,515 (http://www.forexfactory.com/showthread.php?p=6845055#post6845055)
  2. and the outcome is in
  3. Post# 4,587 (http://www.forexfactory.com/showthread.php?p=6845055#post6845055).

​So, I don't see a problem.

  • #4,593
  • Jul 25, 2013 6:07am Jul 25, 2013 6:07am
Quoting Neio
{quote}..Eurusdd said it is the least efficient method
I disagree with Eurusdd's opinion here..as far as I can see it depends on how one applies the information we have..
  • #4,594
  • Jul 25, 2013 6:13am Jul 25, 2013 6:13am
let's compare our opinions to where price is going....to see what we have learned till now. My target is 1.3148.
  • #4,595
  • Jul 25, 2013 6:14am Jul 25, 2013 6:14am
Newly printed zone on the 1H preventing price from higher atm.
This is the Rv2 indicator.... nothing on Rv1.

EDIT:
Slightly difficult because I see a ZZTOP due on the 15M.... so it has to go higher. Well, it has to pass the BBMid admittedly.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 33 KB
Click to Enlarge Name: eurusdm15.png Size: 93 KB
A pip is only worth it if you know how much you risked to earn it
  • #4,596
  • Jul 25, 2013 6:15am Jul 25, 2013 6:15am
Quoting Eurusdd
{quote} It was the same CI that I used to make the prediction in Post# 4,515 (http://www.forexfactory.com/showthread.php?p=6845055#post6845055) and the outcome is in Post# 4,587 (http://www.forexfactory.com/showthread.php?p=6845055#post6845055).​So, I don't see a problem.
Thanks alot Eurusdd, Which setting do u use to handle the repainting issue or how do u handle it. I am asking because i found the indicator beneficial in giving a good entry and exit both on long term and short term.

Kindly assist.
  • #4,597
  • Jul 25, 2013 6:19am Jul 25, 2013 6:19am
Quoting mattkirby
let's compare our opinions to where price is going....to see what we have learned till now. My target is 1.3148.
Hi Matt,
Good idea to compare. How have you decided your bias (ie. what timeframe and what trigger)?
A pip is only worth it if you know how much you risked to earn it
  • #4,598
  • Jul 25, 2013 6:21am Jul 25, 2013 6:21am
Quoting mattkirby
let's compare our opinions to where price is going....to see what we have learned till now. My target is 1.3148.
i am just guessing, so do not take this as a trading advice, because i am probably wrong, i am new with this concept,
1.3354
  • #4,599
  • Jul 25, 2013 6:22am Jul 25, 2013 6:22am
So price has returned within 2 pips from the low of the First bar from the previous zone on 15M...
  • #4,600
  • Jul 25, 2013 6:25am Jul 25, 2013 6:25am
Quoting vlady1974
{quote} Hi Matt, Good idea to compare. How have you decided your bias (ie. what timeframe and what trigger)?
Hi Vlady. I take my opinions from the 15 min chart ( with an eye on the 1H). With my sim system there is a zone between 1.3150 and 1.3137. I think this zone is resistance for today. Also this target matches with the ATR which is around 90 at the moment.
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