The similarity system | Page 234 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Similarity: A Practical Approach 859 replies

Similarity Trading - The ZZBB Method 215 replies

Rainbow similarity 256 replies

Similarity Stuff 17 replies

Directional Similarity 0 replies

Attachments: The similarity system
Exit Attachments

The similarity system

  • #4,661
  • Jul 25, 2013 12:33pm Jul 25, 2013 12:33pm
Quoting juhanimi
here one way to use volume to help with trading, use h1, and look where big volumes are, i don`t want to explain this more, it is just common sense, where is money {image}
Yeap been there, done that, in fact, volume is half what I trade today. Some how volume always screwed up my exits. I know volume has not been a part of this thread so I will leave it at that but TAW.
  • #4,662
  • Jul 25, 2013 12:44pm Jul 25, 2013 12:44pm
Quoting Eurusdd
Remember, there can never be a change in TREND without similarity!!! That is the reason for this fallllllllllllllll!!!!!!!! We needed similarity, check post #47 and #54. Take care everyone! Try and master this and you will never have to second-guess.... You don't even need to folow fundamentals. Everything is already discounted and reflected in the windows you see!
Here is an oldie but a goodie: Remember, there can never be a change in TREND without similarity!!!
  • #4,663
  • Jul 25, 2013 12:48pm Jul 25, 2013 12:48pm
But that is only 60% of the time as of now, correct?
  • #4,664
  • Jul 25, 2013 12:52pm Jul 25, 2013 12:52pm
Quoting Baillie
{quote} Here is an oldie but a goodie: Remember, there can never be a change in TREND without similarity!!!
What fall do you mean?, I only see stuff rising. Now it's time to fade EU before it goes higher if it breaks through the resistance.
Every cent earned is one step closer to independence
  • #4,665
  • Jul 25, 2013 12:57pm Jul 25, 2013 12:57pm
Short 1.3246
  • #4,666
  • Jul 25, 2013 1:27pm Jul 25, 2013 1:27pm
Quoting MarsjeNL
{quote} What fall do you mean?, I only see stuff rising. Now it's time to fade EU before it goes higher if it breaks through the resistance.
The quote is from a post earlier in the thread, read the bold words.
  • #4,667
  • Jul 25, 2013 1:28pm Jul 25, 2013 1:28pm
Quoting panamamike
Short 1.3246
Im short 1.3242
  • #4,668
  • Jul 25, 2013 1:30pm Jul 25, 2013 1:30pm
Quoting panamamike
Short 1.3246
So you don't want for price to touch Mid-BB for confirmation, for aggressive what was your criteria to define a proper SL (or was there none?), (like right after you posted this short the price shot up a little and tested previous resistance before it dropped. ). The reason I ask is to make sure we can define a proper SL? That short seem to be working for you
  • #4,669
  • Jul 25, 2013 1:46pm Jul 25, 2013 1:46pm
Quoting Eurusdd
The 1EMA is key! during the resistance period, the 1ema is supposed to stay above/below the number.
in other words resistance stays till there is a Close (thats what 1EMA is) above/below the number. Spikes just degrades the resistance number. Am I right with that?
  • #4,670
  • Jul 25, 2013 1:50pm Jul 25, 2013 1:50pm
Quoting Baillie
{quote} Here is an oldie but a goodie: Remember, there can never be a change in TREND without similarity!!!
What if you set up a higher time frame chart and only traded the trend while in dis-similarity? If trend can only change while in similarity, then theoretically we only trade in one direction until we are back in similarity.

Or is this just me taking the off ramp to Crazytown
  • #4,671
  • Jul 25, 2013 2:09pm Jul 25, 2013 2:09pm
Quoting ffpips
{quote} So you don't want for price to touch Mid-BB for confirmation, for aggressive what was your criteria to define a proper SL (or was there none?), (like right after you posted this short the price shot up a little and tested previous resistance before it dropped. ). The reason I ask is to make sure we can define a proper SL? That short seem to be working for you
Stopped out at 1.3266
  • #4,672
  • Jul 25, 2013 2:13pm Jul 25, 2013 2:13pm
Quoting panamamike
{quote} Stopped out at 1.3266
Hmm, See you should have gone with the ZZ trend which was looking for tops. That is why I was waiting for Mid_bb touch for confirmation. I think VLady pointed this out.
  • #4,673
  • Jul 25, 2013 2:23pm Jul 25, 2013 2:23pm
M5 and M15 showing Dis-Sim
  • #4,674
  • Jul 25, 2013 2:43pm Jul 25, 2013 2:43pm
Ill be quitting the use of this system a while, I feel it have too much inconsistenties at this moment. Euro wont go down for a while.
Every cent earned is one step closer to independence
  • #4,675
  • Jul 25, 2013 3:00pm Jul 25, 2013 3:00pm
Quoting MarsjeNL
Ill be quitting the use of this system a while, I feel it have too much inconsistenties at this moment. Euro wont go down for a while.
inconsistencies are from you! can you please show me the inconsistencies! I will be glad! Did you miss the part where I said - smaller-boys SHOULD trade away from zones? Maybe I don't know what you are talking about. I am waiting.

Your Greed is affecting you, me think!

---------
  • #4,676
  • Jul 25, 2013 3:12pm Jul 25, 2013 3:12pm
Quoting Eurusdd
{quote} inconsistencies are from you! can you please show me the inconsistencies! I will be glad! Did you miss the part where I said - smaller-boys SHOULD trade away from zones? Maybe I don't know what you are talking about. I am waiting. Your Greed is affecting you, me think! ---------
Eurusdd,

24 hrs ago, pretty much the entire board was short based on the information we had at the time. I realize that
1) nothing is perfect and
2) we are only as good as the information we have

That being said, what transpired yesterday was inconsistent, to the previous 2 weeks.

I am NOT saying this method doesn't work. Just pointing out , yesterday was a hiccup



*edit.....and yes, you did say "smaller-boys SHOULD trade away from zones".
  • #4,677
  • Jul 25, 2013 3:15pm Jul 25, 2013 3:15pm
Quoting Eurusdd
{quote} inconsistencies are from you! can you please show me the inconsistencies! I will be glad! Did you miss the part where I said - smaller-boys SHOULD trade away from zones? Maybe I don't know what you are talking about. I am waiting. Your Greed is affecting you, me think! ---------
Like the part both cycle identifiers agree when stoch is broken and a leg appears, which gets repainted 10 bars further and 100 pips higher
Every cent earned is one step closer to independence
  • #4,678
  • Jul 25, 2013 3:24pm Jul 25, 2013 3:24pm
Quoting MarsjeNL
{quote} Like the part both cycle identifiers agree when stoch is broken and a leg appears, which gets repainted 10 bars further and 100 pips higher
You never read the method.

Anyone following this thread can see that, based on what you wrote.
  • #4,679
  • Jul 25, 2013 3:50pm Jul 25, 2013 3:50pm
Monthly chart has a formation on it.
Attached Image (click to enlarge)
Click to Enlarge Name: last.png Size: 52 KB
  • #4,680
  • Jul 25, 2013 3:57pm Jul 25, 2013 3:57pm
Logic:

1. DS zones create SR areas

2. HH and LL from the past create these zones

3. LL and HH from the past are SR lines themselves

4. The first bar of a DS zone becomes a defined SR zone

5. Therefore we are creating new SR zones based on arbitrary SR lines created in the past.

6. Arbitrary in and of itself has no useful purpose when defining something.

7. Therefore it isnt' so much the paricular SR zone being created that's important.

If the zone isn't important than what is???

If you can create a new SR zone based on any major swing high or swing low from the past, regardless of it's location price wise, is this fact important?

By connecting the low of the first DS and the high of the last DS on the m15, it created the entire swing on the m30.

Note that the highs and lows are created DURING the DS. This matches our observation that says old SR lines (highs and lows) are taken out during DS creation.

I post this to show the fractal part.

What this tells us:

1. On any given timeframe where a DS is created, a swing high or low most likely will occur at some point during the DS.

2. Once the DS completes, then most of the time price moves AWAY from the H or L just created.

3. On a lower time frame this means that any subsequent H or L created after the higher time frame DS is complete most likely will continue in the original direction.
24 traders viewing now