The similarity system | Page 245 | 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

  • #4,881
  • Aug 16, 2013 2:10pm Aug 16, 2013 2:10pm
Quoting Neio
{quote} 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
Hi Neio, I'm back. Well price went up to13340 just like Eurusdd said and now looks like its testing boll middle support, stoch has just turned under 80 and its overbought on my dynamic rsi. You may be ok with your short. I like Renko because I read that they continue in same direction 79% of the time. Thats good odds. I use Prorealtime for my SB account and have it set up there. Price now 13331 so good luck!
  • #4,882
  • Aug 16, 2013 2:56pm Aug 16, 2013 2:56pm
Closing remark: This mini-uptrend will be sustained until we have agreement on all my time-frames. Therefore, 1.3310 is a real-low and price will now -after hitting 1.3326 - try to go higher, maybe complete next week. A fall is only possible above 1.3340!!!! I am out!
  • #4,883
  • Aug 16, 2013 6:32pm Aug 16, 2013 6:32pm
Quoting Eurusdd
Closing remark: This mini-uptrend will be sustained until we have agreement on all my time-frames. Therefore, 1.3310 is a real-low and price will now -after hitting 1.3326 - try to go higher, maybe complete next week. A fall is only possible above 1.3340!!!! I am out!
Agreed.Thats what my 4H says...ZZT due.
A pip is only worth it if you know how much you risked to earn it
  • #4,884
  • Aug 17, 2013 8:32pm Aug 17, 2013 8:32pm
Quoting vlady1974
{quote} Agreed.Thats what my 4H says...ZZT due.
Er hasn't the ZZT painted already on 4H
I want more brain power!
  • #4,885
  • Aug 18, 2013 4:28am Aug 18, 2013 4:28am
Quoting cfdtaleong
{quote} Er hasn't the ZZT painted already on 4H
I see what you mean. I combine ZZ (24 settings) and Semafor (default settings) so the swing is a *2* not a *3* . I've found that the semafor is good at picking the 3 swings except for Black Hole swings. I suspect this will repaint and price will go higher.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 49 KB
Click to Enlarge Name: eurusdh42.png Size: 40 KB
A pip is only worth it if you know how much you risked to earn it
  • #4,886
  • Aug 18, 2013 5:37am Aug 18, 2013 5:37am
Ah i see...was wondering
I want more brain power!
  • #4,887
  • Edited 2:13pm Aug 18, 2013 5:44am | Edited 2:13pm
Quoting Eurusdd
Closing remark: This mini-uptrend will be sustained until we have agreement on all my time-frames. Therefore, 1.3310 is a real-low and price will now -after hitting 1.3326 - try to go higher, maybe complete next week. A fall is only possible above 1.3340!!!! I am out!
Is it somehow connected to fresh zone om M15, we are expected to run away from?
EDIT: And price returned to the point where DS started before zone was born. What then? will this zone act as resistance, but will not attract price in the future?

I hope that what I wrote below is not complete stupidness, however I want to know your thoughts regarding the view I have. (posted only RV-2 charts)
Attached Image (click to enlarge)
Click to Enlarge Name: 0818eurusd.mm15.png Size: 45 KB


Will we aim for clearing zones around 1.3255-1.3265 and the old one around 1.3213 ending below 1.3187 moreless?

ZZB on H1 is painted but it can be the fake one since higher TF shows aim for south.
Attached Image (click to enlarge)
Click to Enlarge Name: 0818eurusd.mh1.png Size: 35 KB


And M30: zone 1.3289-1.3222 moreless, ZZBoyt painted, but ema1 and Stoch did not crossed BB. It is possible that we will touch the zone at least, Taking into account information from M15 we have some chance of clearing this zone, however it usually higher TF determines what shall be done on lower one...
Attached Image (click to enlarge)
Click to Enlarge Name: 0818eurusd.mm30.png Size: 44 KB

In general situation looks somehow similar to end of last week, where zone after zone were painted making more price distance from 1.3222 level, but direction now seems to be opposite.
Edit: and there are only zones below price, so they may be now an attraction for the price

Edit: And the daily chart has ZZT painted, and there is small doubd regarding if we will form a head with shoulders and then go souch or we just painting abc where we still have some area to get north till around 1.346...
Attached Image (click to enlarge)
Click to Enlarge Name: 0818eurusddaily.png Size: 56 KB


EDIT: Do I see it correctly that clearing zona below requires new DS while clearing fresh zone above price doesn't? Shall it be interpreted that it is easier to clear newly born zone?
Time matters most
  • #4,888
  • Aug 18, 2013 4:51pm Aug 18, 2013 4:51pm
Quoting vlady1974
{quote} Agreed.Thats what my 4H says...ZZT due.
Closed my Longs for +153 pips. Over the $25K mark. Next objective $50K
A pip is only worth it if you know how much you risked to earn it
  • #4,889
  • Aug 18, 2013 7:22pm Aug 18, 2013 7:22pm
Quoting blackqn
{quote} Is it somehow connected to fresh zone om M15, we are expected to run away from? EDIT: And price returned to the point where DS started before zone was born. What then? will this zone act as resistance, but will not attract price in the future? I hope that what I wrote below is not complete stupidness, however I want to know your thoughts regarding the view I have. (posted only RV-2 charts) {image} Will we aim for clearing zones around 1.3255-1.3265 and the old one around 1.3213 ending below 1.3187 moreless? ZZB on H1 is painted but it can...
Nice charts.

Firstly, we don't have the advanced tools or science from Eurusdd to know how to rank or prioritise signals that you have raised. It's also a fair call that Eurusdd may not necessarily reveal them and neither should you expect them - even if you did pose the question. I think that if we continue to post our charts and trades in good faith then over a longer course of time, we can go over them and see if we can spot significant patterns or trends.

Having said that your charts state the same main points that my charts state:

  1. 2 different DS Zones: 15M and 30M.... which one will price be attracted to first?
  2. The 1H ZZTop is not a legitimate swing top because it's inside the BB.... is this more important to resolve than #1?

My own personal point of view is that the 4H indicates a swing ZZT is due that is higher than the last ZZT. This will cancel out the 15M zone to the north and satisfy the condition that price be above 1.3340 before going south that Eurusdd has predicted. I believe such a move will have force and that force should take us down to the zone below on the 30M.

A pip is only worth it if you know how much you risked to earn it
  • #4,890
  • Aug 19, 2013 4:06am Aug 19, 2013 4:06am
Hi,
While waiting for something interesting to hapen I was looking over different TFs. Nothing new on H4 and H1, but there is new pregnant zone at M30. Price returned to dissimilarity start right away, so, if my interpretation is correct, it will only act as a kind of furbulence. The same we can say about older zone below, so from this TF there seem s to be possibility of downward move in 1.3222 direction.

Attached Image (click to enlarge)
Click to Enlarge Name: 0819eurusd.mm30.png Size: 39 KB


From BB percpectivve downward move could be after hitting upper band around 1.334

Also M15 has some zones, where older ones are below price, so they shall bore attract it if I understand principies correctly.
Attached Image (click to enlarge)
Click to Enlarge Name: 0819eurusd.mm15.png Size: 53 KB

but there is this strong, old one around 1.3222...

I think that we may expect ZZTop on M15 and M30 then move downwards to clear zone around 1.325-1.326 and another try for 1.3222. Did I get it right?
Time matters most
  • #4,891
  • Aug 19, 2013 5:03am Aug 19, 2013 5:03am
Quoting blackqn
Hi, While waiting for something interesting to hapen I was looking over different TFs. Nothing new on H4 and H1, but there is new pregnant zone at M30. Price returned to dissimilarity start right away, so, if my interpretation is correct, it will only act as a kind of furbulence. The same we can say about older zone below, so from this TF there seem s to be possibility of downward move in 1.3222 direction. {image} From BB percpectivve downward move could be after hitting upper band around 1.334 Also M15 has some zones, where older ones are below...
Blackqn your analysis is getting better my friend!
Awesome stuff. I'm currently out as I have to do tons of work...

I have a slightly different opinion than yours but in no way does it invalidate yours. At this price action, it's a 50/50 coin toss unless you have a super computer and worked out the EU DNA as per the 4th thread. But I agree with how you've arrived at your conclusions: collecting info from various time frames and assessing the probability of a move based on the DS/SM principles. Just because we don't agree doesn't necessarily mean we can't trade in the same direction!

A pip is only worth it if you know how much you risked to earn it
  • #4,892
  • Aug 19, 2013 5:08am Aug 19, 2013 5:08am
Thanks Vlady for kind words, looks I was wrong a bit. price tries to pass upper zone.
Time matters most
  • #4,893
  • Aug 19, 2013 5:09am Aug 19, 2013 5:09am
The mini-trend uptrend is now kicking. remember I said 1.3310 is the real low on friday.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 48 KB
  • #4,894
  • Aug 19, 2013 5:11am Aug 19, 2013 5:11am
Quoting blackqn
Thanks Vlady for kind words, looks I was wrong a bit. price tries to pass upper zone.
Don't get frustrated on that.... find the signals that negated your initial view and check for patterns.
I'm not watching price ATM so I won't/can't comment.... but you're edging closer.

Not that I can predict any better mind you.... but one thing I've learned very quickly is to be fluid and dynamic.
If you're wrong in direction then switch..... and I mean trade opposite... and quickly! LOL
A pip is only worth it if you know how much you risked to earn it
  • #4,895
  • Aug 19, 2013 5:22am Aug 19, 2013 5:22am
My take...( and I maybe wrong..)
On the 15min chart , twice in the last 10 hrs the stoch had reached 100 without printing a new ZZT and retraced down... , so we are expecting it to retest and print that ZZT. Would appreciate other opinions..

T
  • #4,896
  • Aug 19, 2013 5:26am Aug 19, 2013 5:26am
Quoting vlady1974
{quote} If you're wrong in direction then switch..... and I mean trade opposite... and quickly! LOL
I don't want to chase her, she is quicker.. LOL

I'm trying to use hedging as a weapon.
Time matters most
  • #4,897
  • Aug 19, 2013 5:28am Aug 19, 2013 5:28am
There is agreement across board now, however we have to wait for the first conformation on the 1min chart.
  • #4,898
  • Aug 19, 2013 5:30am Aug 19, 2013 5:30am
EURUSD please explain the issue with unborn zone passed by proce. I haven't found the answer yet and I need a hint from a master.

When preice returns to point where DS staterd condition is done, soe from that time on zone, when it is born, acts as a pure S?R or? How about price attrction then.? I know that we are expected to run away from the zone, but is it still valid after" condition is done"? put some light please, at least help me with focusing on the chart, so I feel better what to look at in order to win cheesgame.
Time matters most
  • #4,899
  • Aug 19, 2013 5:32am Aug 19, 2013 5:32am
Quoting blackqn
EURUSD please explain the issue with unborn zone passed by proce. I haven't found the answer yet and I need a hint from a master. When preice returns to point where DS staterd condition is done, soe from that time on zone, when it is born, acts as a pure S?R or? How about price attrction then.? I know that we are expected to run away from the zone, but is it still valid after" condition is done"? put some light please, at least help me with focusing on the chart, so I feel better what to look at in order to win cheesgame.
I am sorry but I don't want to go there again.
  • #4,900
  • Aug 19, 2013 5:34am Aug 19, 2013 5:34am
Quoting Eurusdd
{quote} I am sorry but I don't want to go there again.
Assume that answer is in the thread, so I'll be reading it again and again till I got it.
Time matters most
17 traders viewing now