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The similarity system

  • #4,861
  • Aug 16, 2013 11:40am Aug 16, 2013 11:40am
1min to go!!!
  • #4,862
  • Aug 16, 2013 11:42am Aug 16, 2013 11:42am
time is up. eurusd closed the 120mins a little below 1.3326 @ 1.3323 on my chart. Not exactly what was expected.
  • #4,863
  • Aug 16, 2013 11:43am Aug 16, 2013 11:43am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Eurusdd
time is up. eurusd closed the 120mins a little below 1.3326 @ 1.3323 on my chart. Not exactly what was expected.
So will price still try to reach 1.3326? What will happen now?
An expert is a man who has made all the mistakes which can be made
  • #4,864
  • Aug 16, 2013 11:45am Aug 16, 2013 11:45am
Quoting Eurusdd
time is up. eurusd closed the 120mins a little below 1.3326 @ 1.3323 on my chart. Not exactly what was expected.

Not sure if this matters, but are you taking spread into account? That would push it closer to 1.3324 at the very least, possibly even higher depending on the volatility at that time.
  • #4,865
  • Aug 16, 2013 11:49am Aug 16, 2013 11:49am
Quoting almo
{quote} Not sure if this matters, but are you taking spread into account? That would push it closer to 1.3324 at the very least, possibly even higher depending on the volatility at that time.
You are right!!! The idea was that during the fall we experienced, eurusd should move back to 1.3326. In other words, buy below that price before the period ended.

1.3326 was the level to attract price before the period ends. she did but price did not end up above her exactly.
  • #4,866
  • Aug 16, 2013 11:50am Aug 16, 2013 11:50am
time is biatch thing to predict. I've always favoured price.

5M has to C.O.B.B. even though the Semafor has printed a ZZB.
A pip is only worth it if you know how much you risked to earn it
  • #4,867
  • Aug 16, 2013 11:51am Aug 16, 2013 11:51am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Eurusdd
{quote} You are right!!! The idea was that during the fall we experience, eurusd should move back to 1.3326. In other words, buy below that price before the period ended. 1.3326 was the level to attract price before the period ends. she did but price did not end up above her exactly.
That was my view.
An expert is a man who has made all the mistakes which can be made
  • #4,868
  • Aug 16, 2013 11:54am Aug 16, 2013 11:54am
Quoting Eurusdd
{quote} You are right!!! The idea was that during the fall we experienced, eurusd should move back to 1.3326. In other words, buy below that price before the period ended. 1.3326 was the level to attract price before the period ends. she did but price did not end up above her exactly.
The irony there Eurusdd is that the 1M created a DS zone! it probably sucked in price and is ready to spit out north.
A pip is only worth it if you know how much you risked to earn it
  • #4,869
  • Aug 16, 2013 11:54am Aug 16, 2013 11:54am
Quoting vlady1974
time is biatch thing to predict. I've always favoured price. 5M has to C.O.B.B. even though the Semafor has printed a ZZB.

I beg to differ. The Rahlome's and Xixi's (not sure if its his...sorry if I am mistaken) indi's are set up with the knowledge that we already know the length time must pass to create/end the DS zones.


Trading that info , has been the problem , on that I agree.
  • #4,870
  • Aug 16, 2013 11:55am Aug 16, 2013 11:55am
Quoting Eurusdd
{quote} You are right!!! The idea was that during the fall we experienced, eurusd should move back to 1.3326. In other words, buy below that price before the period ended. 1.3326 was the level to attract price before the period ends. she did but price did not end up above her exactly.
Still in there and stoch favourable
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  • #4,871
  • Aug 16, 2013 11:55am Aug 16, 2013 11:55am
Quoting vlady1974
time is biatch thing to predict. I've always favoured price. 5M has to C.O.B.B. even though the Semafor has printed a ZZB.
Time is very very important. Price can take ages to reach a certain level. So, if we know when to expect price to make a move we would be better-off. Timing is good. Price is not too precise due to pricing-differentials.

I think we are done for the week. Next week then.
  • #4,872
  • Aug 16, 2013 11:58am Aug 16, 2013 11:58am
Quoting almo
{quote} I beg to differ. The Rahlome's and Xixi's (not sure if its his...sorry if I am mistaken) indi's are set up with the knowledge that we already know the length time must pass to create/end the DS zones. Trading that info , has been the problem , on that I agree.
I have that too and I had no predicted bar at that time. So this bar on the screenshot appeared when it did.... probably as I was switching timeframes.
And I have first hand experience that not every predicted point results in a DS bar so it's just whatever the market delivers.

Anyways.... 4 longs in the BB Neck. Let's see what happens. Got a quick finger to pull the trigger if all goes south.

EDIT:
The CCNEW indicator (from the Practical Approach thread) shows convergence on the EU and USD currencies... so I think this has affected EU's ability to pounce.
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A pip is only worth it if you know how much you risked to earn it
  • #4,873
  • Aug 16, 2013 12:03pm Aug 16, 2013 12:03pm
Quoting taypot
{quote} Still in there and stoch favourable {image}
15min stoch now looking favourable too,
going up
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  • #4,874
  • Aug 16, 2013 12:53pm Aug 16, 2013 12:53pm
Quoting taypot
{quote} 15min stoch now looking favourable too, going up {image}
Still in, back in profit and watching. Stoch is about to cross 20 which will be bullish...I like using renko charts as they tend to continue in same direction most of the time. You can see the importance of 13326 as it is above my trend line and would change the Renko to a Bullish direction. i'm using this alongside my similarity charts posted above and still aiming for 13338. i think the next sell off will be here as shown on renko. If it goes above and closes I will go long
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  • #4,875
  • Aug 16, 2013 1:11pm Aug 16, 2013 1:11pm
Quoting taypot
{quote} Still in, back in profit and watching. Stoch is about to cross 20 which will be bullish...I like using renko charts as they tend to continue in same direction most of the time. You can see the importance of 13326 as it is above my trend line and would change the Renko to a Bullish direction. i'm using this alongside my similarity charts posted above and still aiming for 13338. i think the next sell off will be here as shown on renko. If it goes above and closes I will go long {image}
Looks like I'm talking to myself and trading alone! But its good...PIPS. Have closed a bit more but will leave the rest to run now as will provide a 'sort of' slight hedge for a tiny usdjpy long i have open. Here's my layout, I'm off now. Bye and thanks again Eurusdd, I'm going to try to get my head back into your other thread this weekend (if house-moving allows) where Ii was making some progress.
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  • #4,876
  • Aug 16, 2013 1:13pm Aug 16, 2013 1:13pm
Quoting Eurusdd
{quote} That is not what I said. We expect eurusd to close above 1.3326 and the end of the approx period and then she will move to 1.3340 before a serious downtrend can continue again! So, eurusd is not supposed to go to 1.3340 before the end of the 120mins. within the next few mins, eurusd should try and rush up to close the period above 1.3326. That is expected. If she does not that will be a pricing-window!!!
Pricing window problem solved now. eurusd @ 1.3326
  • #4,877
  • Aug 16, 2013 1:14pm Aug 16, 2013 1:14pm
Quoting Eurusdd
{quote} Pricing window problem solved now. eurusd @ 1.3326
Great, here we go, you are a star!
  • #4,878
  • Aug 16, 2013 1:15pm Aug 16, 2013 1:15pm
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting taypot
{quote} Looks like I'm talking to myself and trading alone! But its good...PIPS. Have closed a bit more but will leave the rest to run now as will provide a 'sort of' slight hedge for a tiny usdjpy long i have open. Here's my layout, I'm off now. Bye and thanks again Eurusdd, I'm going to try to get my head back into your other thread this weekend (if house-moving allows) where Ii was making some progress. {image}
Nice work Taypot. I enjoyed your observations.
An expert is a man who has made all the mistakes which can be made
  • #4,879
  • Edited 2:04pm Aug 16, 2013 1:25pm | Edited 2:04pm
Quoting Neio
{quote} Nice work Taypot. I enjoyed your observations.
Thanks Neio, great to know. Theres a DS zone on my 15 min chart that has 13373 at its top while a close look at my Renko gives 13377 as a top. I am so tempted to stay and watch but its hitting its head on the boll middle at the moment and I'm getting bored as there is not much at stake in my account. Reluctant to go long now until a decent close and bullish outlook above 13340 and I think Eurusdd talked about 13340 needed for sell off to resume (which is likely happen before 13377 Renko top)
  • #4,880
  • Aug 16, 2013 1:49pm Aug 16, 2013 1:49pm
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting taypot
{quote} Thanks Neio, great to know. Theres a DS zone on my 15 min chart that has 13373 at its top while a close look at my Renko gives 13377 as a top. I am so tempted to stay and watch but its hitting its head on the boll middle at the moment and I'm getting bored as there is not much at stake in my account. Reluctant to go long now until a decent close and bullish outlook above 13340 and I think Eurusdd talked about 13340 needed for sell off to resume which is likely happen as roughly same as 13377 Renko top.
Yes I see that too. Interested to find someone using Renko charts . I had a brief look at it previously. Do you use MT4 for that or another charting tool?

I have a small short on at the moment from 1.3332 as I am expecting the DS zone to act as resistance and also based on what Eurusdd said about 1.3340
An expert is a man who has made all the mistakes which can be made
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