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The similarity system

  • #4,921
  • Aug 19, 2013 6:50am Aug 19, 2013 6:50am
Quoting Eurusdd
{quote} I am not scaring you. EURUSD will only go back to that top from a level below 1.3341.
Oh ok... i get what you're saying now.
Sorry... Monday... slow.
A pip is only worth it if you know how much you risked to earn it
  • #4,922
  • Aug 19, 2013 7:14am Aug 19, 2013 7:14am
Quoting cfdtaleong
er the last swing low on the 15m is not valid also no? edit : Dun think it is wise to enter now though...can't tell where she wants to go..i need more training
It's a swing but it's not lower than the previous one
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15.png Size: 43 KB
A pip is only worth it if you know how much you risked to earn it
  • #4,923
  • Aug 19, 2013 7:15am Aug 19, 2013 7:15am
Quoting Eurusdd
a serious buy should be considered after eurusd drops and closes below 1.3341.
I see how you are sequencing this now... I had the same idea but I went in too early.
A pip is only worth it if you know how much you risked to earn it
  • #4,924
  • Aug 19, 2013 7:23am Aug 19, 2013 7:23am
Quoting blackqn
{quote} So even if it passed BB earlier then moved top we do not see it true one since it is not connected directly with BB touch/cross, right?
Sorry dude, I'm not getting what you mean.

ZZ Swings always have PRICE/Stoch outside BB.
With my added 2nd Stoch, if STOCH2 is 0 or 100 then that extreme is a signal that it's overbought or oversold for that timeframe or move.

If price/stoch1 are outside BB AND stoch2 is at extreme, then I have confidence that is a legitimate ZZ.
If semafor and ZigZag confirm that also, then I have 4 indicators giving me the next sequence and general direction.

If I go to other timeframes and they all say...

Bottom 5M, Bottom 15M, Bottom1H, Bottom 4H.... then I am looking for a major top and a place to long
Bottom 5M, Bottom 15M, Bottom 1H, Top 4H then I'm still looking for a top but there has to be a bottom on the 4H so longer term has to go lower
Bottom 5M, Bottom 15M, Top 1H, Top 4H then I'm looking for lower on both 1H and 4H and the minutes are just going through corrective swings
Bottom 5M, Top 15M, Top 1H, Top 4H then this is a countertrend long and I should be on the lookout mainly for shorts.
Top 5M, Top 15M, Top 1H, Top 4H then I should be looking for shorts

It's just sequencing and overlaps... prioritise higher timeframes over lower, previous confirmed swings over minor swings.
A pip is only worth it if you know how much you risked to earn it
  • #4,925
  • Aug 19, 2013 7:32am Aug 19, 2013 7:32am
Vlady, I was talking about a couple of candles before ZZTop. There was condition for price and stoch met, both touched or even passed bb. However confirmation with second stoch may give different view I see that now.
Time matters most
  • #4,926
  • Aug 19, 2013 7:33am Aug 19, 2013 7:33am
Thanks Vlady, please confirm settings of 2nd stoch.
Humble & Kalcker CLO2 = Covid killer
  • #4,927
  • Aug 19, 2013 7:35am Aug 19, 2013 7:35am
Quoting vlady1974
Okay Chappies Just had a look, still flat but the 1H is the barometer for the day. The 4H is still there for the week, ie. Need to see a legitimate ZZT (see that post from the past) The black hole has not been neutralised. Eurusdd is saying mini up... I want it to go to 340X at the very least before I consider shorts. {image}
Ok, if it's on the 1H... the candles before ZZT that were outside BB should have been the top but it wasn't.
It was COBB and even the Stoch2 was at extreme... but then the market spiked. It's unresolved at 1.3379 and needs to be corrected.
A pip is only worth it if you know how much you risked to earn it
  • #4,928
  • Aug 19, 2013 7:38am Aug 19, 2013 7:38am
Quoting vlady1974
{quote} Ok, if it's on the 1H... the candles before ZZT that were outside BB should have been the top but it wasn't. It was COBB and even the Stoch2 was at extreme... but then the market spiked. It's unresolved at 1.3379 and needs to be corrected.
Thanks for a piece of light
Time matters most
  • #4,929
  • Aug 19, 2013 7:41am Aug 19, 2013 7:41am
Quoting jusiur
Thanks Vlady, please confirm settings of 2nd stoch.
It's in the Practical Approach thread:

Quoting vlady1974
{quote} I think the settings have to align to the timeframe. The Minutes should be set to BB of 60 ie. 60 minutes and then you can experiment with multiples of the 1M, 5M, 15M etc. ie. 60/1 or 60/5 or 60/15... then further divide into 2 or 4..... or multiply by 2 etc. The Hours should be set to BB of 24 for 24 hours... etc. 5M is set to 48, BB of 60. 15M is set to 12, BB of 60. {image} {image}

Basically, I try and make it look nice and readable. Minutes use 60 for the BB and then I do a MurreyMath/Binary type division until the stoch is clear. By that I mean if the Stoch goes too flat at the extreme, then you basically can't tell when the price will turn. ATM, my 5M is set to 48, 60 and the 15M is set to 16, 60
A pip is only worth it if you know how much you risked to earn it
  • #4,930
  • Aug 19, 2013 8:26am Aug 19, 2013 8:26am
see why i said you should forget about buying seriously. you will get stuck because the mini-down is not done yet!
  • #4,931
  • Aug 19, 2013 9:14am Aug 19, 2013 9:14am
Quoting Eurusdd
see why i said you should forget about buying seriously. you will get stuck because the mini-down is not done yet!
Yup!

I would have been scratching my eyeballs on that long!
A pip is only worth it if you know how much you risked to earn it
  • #4,932
  • Aug 19, 2013 9:34am Aug 19, 2013 9:34am
Quoting vlady1974
{quote} Yup! I would have been scratching my eyeballs on that long!
Any buy must occur below 1.3341. Now eurusd is below 1.3341 but the down is still not complete yet.
  • #4,933
  • Aug 19, 2013 9:41am Aug 19, 2013 9:41am
Quoting Eurusdd
{quote} Any buy must occur below 1.3341. Now eurusd is below 1.3341 but the down is still not complete yet.
Ok since there is a zone on top to be clear and I can't pick my extremes that well yet i should play it safe and put a buy order just above that level and target the zone above.
I want more brain power!
  • #4,934
  • Aug 19, 2013 9:42am Aug 19, 2013 9:42am
Quoting Eurusdd
{quote} Any buy must occur below 1.3341. Now eurusd is below 1.3341 but the down is still not complete yet.
I've had 1.33337 for a while now. So I'm buying around there.
A pip is only worth it if you know how much you risked to earn it
  • #4,935
  • Aug 19, 2013 9:44am Aug 19, 2013 9:44am
Quoting vlady1974
{quote} I've had 1.33337 for a while now. So I'm buying around there.
Dammit! Too slow!
A pip is only worth it if you know how much you risked to earn it
  • #4,936
  • Aug 19, 2013 9:51am Aug 19, 2013 9:51am
Quoting vlady1974
{quote} Dammit! Too slow!
Me think a proper fall is developing. eurusd will consider that top again from a number below 1.3335
  • #4,937
  • Aug 19, 2013 9:58am Aug 19, 2013 9:58am
Quoting Eurusdd
{quote} Me think a proper fall is developing. eurusd will consider that top again from a number below 1.3335
Perhaps because of the DS that formed on M5 tf
A pip is only worth it if you know how much you risked to earn it
  • #4,938
  • Aug 19, 2013 10:03am Aug 19, 2013 10:03am
Quoting vlady1974
{quote} Perhaps because of the DS that formed on M5 tf
hmmm. anyway, IBM trading is also very cute. I will add that to my eurusd arsenal someday. I like the dynamics.
  • #4,939
  • Aug 19, 2013 10:05am Aug 19, 2013 10:05am
Quoting Eurusdd
{quote} hmmm. anyway, IBM trading is also very cute. I will add that to my eurusd arsenal someday. I like the dynamics.
What's IBM trading? As in the stock?
A pip is only worth it if you know how much you risked to earn it
  • #4,940
  • Aug 19, 2013 10:06am Aug 19, 2013 10:06am
Quoting vlady1974
{quote} Perhaps because of the DS that formed on M5 tf
seem like that could be one of the reasons. Hmmm. I am not looking at that though,
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