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Similarity: A Practical Approach

  • #261
  • Jul 29, 2013 7:10am Jul 29, 2013 7:10am
Quoting vlady1974
{quote} Other way round. DS should be less. On H4... the last DS appeared and we changed from downtrend to uptrend. The DS closed once the bull flag was resolved and we continued up. So the FOUR HOUR trend is up... in SIMILARITY. If DS were to appear now, it would be sign of a potential change in trend (C.I.T)
OMG! Now I see what I wrote! What I mean was that it must be wrong because we DONT WANT TO SEE dis-similarity all the time!
Sorry for that.
  • #262
  • Jul 29, 2013 7:13am Jul 29, 2013 7:13am
Quoting vlady1974
{quote} If DS were to appear now, it would be sign of a potential change in trend (C.I.T)
I agree, well spotted!
  • #263
  • Jul 29, 2013 7:13am Jul 29, 2013 7:13am
Quoting spufuz
{quote} OMG! Now I see what I wrote! What I mean was that it must be wrong because we DONT WANT TO SEE dis-similarity all the time! Sorry for that.
Don't worry dude. This means we're starting to all be on the same page. Hope that page is right! LOL

BTW... this move down, prior to NY open (1am) is suggesting strong buying... ie. not enough sellers. Just like prior to 8am London. Asia didn't go higher than R1 which is where price turned prior to NY open.
A pip is only worth it if you know how much you risked to earn it
  • #264
  • Jul 29, 2013 7:19am Jul 29, 2013 7:19am
Quoting spufuz
{quote} OMG! Now I see what I wrote! What I mean was that it must be wrong because we DONT WANT TO SEE dis-similarity all the time! Sorry for that.

There we go! No worries. Keep on sharing!
If you are good at something, never do it for free--Joker
  • #265
  • Jul 29, 2013 7:21am Jul 29, 2013 7:21am
DS just ended on the 5M. DS Zone above price, first bounce resistence.
DS zone on 15M, above price, has acted as resistence first bounce.
DS started not finished on 30M, price within DS Zone, should act as support 2nd bounce
DS started not finished on 1H price within DS Zone, should act as support
DS zone on 4H almost cleared near the top of the box but not quite.

EDIT: changed 15M and 30M timeframes above for correctness

5M DS above
15M DS above
30M DS in price (Mid)
01H DS in price (Mid)
04H DS in price (Top)
A pip is only worth it if you know how much you risked to earn it
  • #266
  • Jul 29, 2013 7:22am Jul 29, 2013 7:22am
Quoting vlady1974
{quote} Don't worry dude. This means we're starting to all be on the same page. Hope that page is right! LOL BTW... this move down, prior to NY open (1am) is suggesting strong buying... ie. not enough sellers. Just like prior to 8am London. Asia didn't go higher than R1 which is where price turned prior to NY open.
Be careful...

Price Action is KING!
  • #267
  • Jul 29, 2013 7:24am Jul 29, 2013 7:24am
Quoting vlady1974
{quote} Don't worry dude. This means we're starting to all be on the same page. Hope that page is right! LOL BTW... this move down, prior to NY open (1am) is suggesting strong buying... ie. not enough sellers. Just like prior to 8am London. Asia didn't go higher than R1 which is where price turned prior to NY open.
Quick short +6 due to last ZZ invalid without EMA touching BB and dis=sim between EMA and stoch relative to mid BB. Waiting for ZZ bottom to form and return to last up swing position and maybe take out zone.agree good chance for price to target the 33s

lol zz seems eager to paint
I want more brain power!
  • #268
  • Jul 29, 2013 7:28am Jul 29, 2013 7:28am
Quoting cfdtaleong
{quote} Quick short +6 due to last ZZ invalid without EMA touching BB and dis=sim between EMA and stoch relative to mid BB. Waiting for ZZ bottom to form and return to last up swing position and maybe take out zone.agree good chance for price to target the 33s lol zz seems eager to paint
Nice move! That could be the best way to trade the failed ZZ. I must hunt down the notes/post on this tonight.
A pip is only worth it if you know how much you risked to earn it
  • #269
  • Jul 29, 2013 7:29am Jul 29, 2013 7:29am
Here she goes!!!
  • #270
  • Jul 29, 2013 7:31am Jul 29, 2013 7:31am
Quoting josh11
{quote} Be careful... Price Action is KING!
Absolutely.

Still don't think we've seen the last top before switch though.
All tops and bottoms have Left Hand space on the chart.
A pip is only worth it if you know how much you risked to earn it
  • #271
  • Jul 29, 2013 7:34am Jul 29, 2013 7:34am
Don't forget.....

1: Across brokers, same time-frame, same currency pair

Wait for the dis between the two brokers to occur and press the trigger.

This type of dis trading doesn't seem to get spoken about much, but appears a fairly easy way to make some pips.

Another 10 pips for tonight, time to go to bed.

Happy trading everyone!
What you do is a reflection of you....what I do is a reflection of me.
  • #272
  • Jul 29, 2013 7:54am Jul 29, 2013 7:54am
It's called arbitrage.
  • #273
  • Jul 29, 2013 7:59am Jul 29, 2013 7:59am
Plan A:
Price seem to respect EMA89 on H1.
We got stoch and price outside BB on both M15 and M5.
Possible ZZ and Semafor at this point.

As long as we don't get dis-sim at H4, im looking for price to get over middle BB and take bull position.
Closed candle above middle BB will indicate entry for me.

Plan B:
Price continues down, but I want to se break of EMA89 before taking position.


Attached Image (click to enlarge)
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  • #274
  • Jul 29, 2013 8:01am Jul 29, 2013 8:01am
Closed my euro short for 27pip and my GBP 33pips done for today

Good luck guys
  • #275
  • Jul 29, 2013 8:50am Jul 29, 2013 8:50am
And we are touching EMA89!
  • #276
  • Jul 29, 2013 9:26am Jul 29, 2013 9:26am
Quoting vlady1974
{quote} Absolutely. Still don't think we've seen the last top before switch though. All tops and bottoms have Left Hand space on the chart.
LOL... my longs are all underwater. I just wish the 30M zone was cleared so that it can start heading back to the 1H trend.
Attached Image (click to enlarge)
Click to Enlarge Name: metatrader 4.png Size: 86 KB
A pip is only worth it if you know how much you risked to earn it
  • #277
  • Jul 29, 2013 10:02am Jul 29, 2013 10:02am
Quoting vlady1974
{quote} LOL... my longs are all underwater. I just wish the 30M zone was cleared so that it can start heading back to the 1H trend. {image}
Try to long too.. lol..

Attached Image (click to enlarge)
Click to Enlarge Name: 20130729-215513 EU M15 StochDiffZone Xixi.jpg Size: 482 KB
  • #278
  • Jul 29, 2013 10:18am Jul 29, 2013 10:18am
I would be nice to pick a bottom here, but too dangerous to me.
Look to the left! "No traffic" at all. Price might fall.
  • #279
  • Jul 29, 2013 10:29am Jul 29, 2013 10:29am
Quoting spufuz
I would be nice to pick a bottom here, but too dangerous to me. Look to the left! "No traffic" at all. Price might fall.

I think your right....price will fall
  • #280
  • Jul 29, 2013 10:38am Jul 29, 2013 10:38am
Quoting almo
{quote} I think your right....price will fall
Im not sure about anything. But I have a feeling that its dangerous to stare us blind at the zones.
Remember, we can not trust all zones to be taken out!
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