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The similarity system

  • #5,141
  • Aug 10, 2014 4:49pm Aug 10, 2014 4:49pm
Quoting pedma
{quote} Hi Baillie, Your Trade Explorer is based on this "similarity system" ? What is 3 step ZZ ? Is it the 3 ZZ Semafor ? Are you using the simple one or the MTF one?
Hi Pedma, It is based upon both the 3 ZZ Semaphore and the similarity system. It also references 3 TF's = step. I simply change TF's to confirm direction and freshness of signal. There are other indicators such as stochastics and BB to confirm the validity of the signal. The TF's are 30 min, 15 min, 5 min.
  • #5,142
  • Aug 10, 2014 5:42pm Aug 10, 2014 5:42pm
Here are 3 pics of my set up; Similarity takes place when the 3rd level ZZ Semaphore is on all 3 TF's; 5 min, 15 min, 30 min.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdm52.png Size: 58 KB
Click to Enlarge Name: eurusdm152.png Size: 64 KB
Click to Enlarge Name: eurusdm302.png Size: 88 KB
  • #5,143
  • Aug 10, 2014 7:04pm Aug 10, 2014 7:04pm
Quoting Baillie
Here are 3 pics of my set up; Similarity takes place when the 3rd level ZZ Semaphore is on all 3 TF's; 5 min, 15 min, 30 min. {image} {image} {image}
This is a good idea. Do you use the same setting for all of the 3 TFs ?
  • #5,144
  • Edited 8:44pm Aug 10, 2014 7:30pm | Edited 8:44pm
Quoting Baillie
{quote} Hi Pedma, It is based upon both the 3 ZZ Semaphore and the similarity system. It also references 3 TF's = step. I simply change TF's to confirm direction and freshness of signal. There are other indicators such as stochastics and BB to confirm the validity of the signal. The TF's are 30 min, 15 min, 5 min.
YES

OOPS! I quoted wrong post, I meant Dewachen77
  • #5,145
  • Edited 9:24pm Aug 10, 2014 7:42pm | Edited 9:24pm
It is ok, this can some time happened. Thanks for sharing .... Baillie ....
  • #5,146
  • Aug 11, 2014 2:15pm Aug 11, 2014 2:15pm
Here is another 3 pics of the 5, 15 and 30 min charts.

As per my last post, Similarity occurs when you have a 3 level ZZ Semaphore on all 3 TF's. Keep that in mind.

So according to the similarity principle we trade from dis-similarity to similarity.

On the 5 min chart we now have a 2nd level ZZ Semaphore but nothing on 15 and 30 min so I am staying short. Do not take this as a trade signal, you must see the principle for yourself.

Think about why I sold last night, should have been sooner though, but I do not keep trades open over weekend. Also, I am trying to keep trades open for the most pips per trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdm52.png Size: 75 KB
Click to Enlarge Name: eurusdm152.png Size: 83 KB
Click to Enlarge Name: eurusdm30.png Size: 68 KB
  • #5,147
  • Aug 11, 2014 2:22pm Aug 11, 2014 2:22pm
Quoting Eurusdd
hmm. this thread. just passing through. Maybe I will touch it again soon.
I believe you have a very different yet effective approach. I would be more than happy if you could keep posting over here instead of EUR thread.
  • #5,148
  • Aug 11, 2014 2:23pm Aug 11, 2014 2:23pm
I should also point out that it would benefit you to check out this thread for the stochastic and BB principles to confirm the trade:

http://www.forexfactory.com/showthread.php?t=435149
  • #5,149
  • Aug 11, 2014 2:49pm Aug 11, 2014 2:49pm
Quoting P.technique
{quote} I believe you have a very different yet effective approach. I would be more than happy if you could keep posting over here instead of EUR thread.
Yeah, I am re-activating this thread!!!
  • #5,150
  • Aug 11, 2014 2:50pm Aug 11, 2014 2:50pm
Quoting Eurusdd
{quote} Yeah, I am re-activating this thread!!!
YEAH!!!!
  • #5,151
  • Aug 11, 2014 2:51pm Aug 11, 2014 2:51pm
Quoting Eurusdd
hmm. this thread. just passing through. Maybe I will touch it again soon.
It is really good idea to continue posting in the old similarity thread. That way you make calls in front of an audience that respects you, already knows your basic concepts and will try to understand your posts. The mega EURUSD thread is not a right place to prove any point. Keep doing what you do, there are many people interested here.
  • #5,152
  • Aug 11, 2014 2:59pm Aug 11, 2014 2:59pm
I am one of the big fan of your post in EUR/USD thread. I hope you will not be getting any disturbance here. I just moved in your personal thread for avoiding all the argument which was made by few members.
  • #5,153
  • Aug 11, 2014 3:08pm Aug 11, 2014 3:08pm
Lets restart the fool's party
the market is not random but anything can happen.
  • #5,154
  • Aug 11, 2014 3:25pm Aug 11, 2014 3:25pm
welcome home
There has never been a statue erected in honor of a critic
  • #5,155
  • Aug 11, 2014 3:32pm Aug 11, 2014 3:32pm
I'am connected
Attached Image
  • #5,156
  • Aug 11, 2014 3:43pm Aug 11, 2014 3:43pm
The main focus will be EURUSD and any form of similarity that gives a hint about the direction of price is ok. The idea is to argue objectively. NO CURSES!!!
  • #5,157
  • Aug 11, 2014 3:48pm Aug 11, 2014 3:48pm
Great. Hope for good trades.

Let's trade not argue. Arguing it's a waste of time and money.
  • #5,158
  • Edited 4:01pm Aug 11, 2014 3:50pm | Edited 4:01pm
I posted this similarity some time ago on the EURUSD thread when they were not in sync. Now they are in sync. But there is still some down to go if we compare the 1hr and 4hr charts!!!
Attached Image (click to enlarge)
Click to Enlarge Name: 3a.PNG Size: 74 KB
  • #5,159
  • Aug 11, 2014 3:53pm Aug 11, 2014 3:53pm
4hr chart is missing something. So, we expect some more down for eurusd!!!
Attached Image (click to enlarge)
Click to Enlarge Name: a1.PNG Size: 63 KB


In the main time, eurusd may go up a little but the direction is CLEAR!!!

All pictures posted here are for my demo explorer, the one connected to this THREAD!!!
  • #5,160
  • Aug 11, 2014 4:10pm Aug 11, 2014 4:10pm
AT the end of the next 50 mins, if eurusd closed above 1.33823, we should expect a mini-up. So, if bears want to remain in control, theye need to close price below that number at the end of the period!!!
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