The similarity system | Page 261 | 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

  • #5,201
  • Aug 12, 2014 3:22am Aug 12, 2014 3:22am
understand my explorer before you consider it!
Attached Image
  • #5,202
  • Aug 12, 2014 3:26am Aug 12, 2014 3:26am
Quoting Eurusdd
An up will come within this period but don't trade against this high probability setup generally.
Hello eurusdd, are you still looking for correction to 1.3334 today? Can you give high probability if the first level to be breached is going to be 1.3334 or 1.3387?
  • #5,203
  • Aug 12, 2014 3:28am Aug 12, 2014 3:28am
Can we know which price will be corrected FIRST ?
  • #5,204
  • Aug 12, 2014 3:29am Aug 12, 2014 3:29am
Quoting feline207
{quote} Hello eurusdd, are you still looking for correction to 1.3334 today? Can you give high probability if the first level to be breached is going to be 1.3334 or 1.3387?
I told you guys on friday, "the UP is not sustainable" but almost everyone ignored it because of 1.3390. Well, now they will believe. This correction has NEVER failed before, 345 in total on 4hr and higher time frames. So, based on history, CORRECTION IS THE WAY TO GO!!!!
  • #5,205
  • Aug 12, 2014 3:32am Aug 12, 2014 3:32am
US/LONDON SESSIONs should complete it.
  • #5,206
  • Aug 12, 2014 3:32am Aug 12, 2014 3:32am
Yes, I look towards the low, but you say that there COULD be a rally first, right? Do you see something to be corrected around 1.3387 area and do you have probability which comes first for the price ?
  • #5,207
  • Aug 12, 2014 3:35am Aug 12, 2014 3:35am
Quoting feline207
Yes, I look towards the low, but you say that there COULD be a rally first, right? Do you see something to be corrected around 1.3387 area and do you have probability which comes first for the price ?
oh ok. I don't see 1.3387 before correction. Probability is low. it may happen but I don't bet on low probabilities!!!

That is why I always make sure my loss is very small even if i do not use stop loss. Look at the open buy is my explorer. It is a loss right now but small compare to my profit!!! It was a buy to hedge a sell.

Attached Image
  • #5,208
  • Aug 12, 2014 3:39am Aug 12, 2014 3:39am
Quoting Eurusdd
{quote} oh ok. I don't see 1.3387 before correction. Probability is low. it may happen but I don't bet on low probabilities!!! That is why I always make sure my loss is very small even if i do not use stop loss. Look at the open buy is my explorer. It is a loss right now but small compare to my profit!!! It was a buy to hedge a sell. {image}
Nice, you were right about the unsustainable uptrend! I bet you are selling the correction on your real accounts as well. So your 1.3386 buy was only a protect trade? Too bad as I thought I was seeing a dissimilarity on 1.3387, based on the concept and also ralome indicator gave a fresh zone there.
  • #5,209
  • Aug 12, 2014 3:42am Aug 12, 2014 3:42am
The problem for me still remains as to chose which price to trade first between 2 different levels. As they are above and also below the current price, I always have the dilemma and often take too much damage and floating loss on the trades..... It seems your have reall strong evidence to know the specific order of corrections.
  • #5,210
  • Aug 12, 2014 3:43am Aug 12, 2014 3:43am
Quoting feline207
{quote} Nice, you were right about the unsustainable uptrend! I bet you are selling the correction on your real accounts as well. So your 1.3386 buy was only a protect trade? Too bad as I thought I was seeing a dissimilarity on 1.3387, based on the concept and also ralome indicator gave a fresh zone there.
yes(I bought to protect a sell. I did not want to use SL.)!!! You are not totally wrong Feline207. There is an up but maybe after correction.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 25 KB
  • #5,211
  • Aug 12, 2014 3:46am Aug 12, 2014 3:46am
Quoting feline207
The problem for me still remains as to chose which price to trade first between 2 different levels. As they are above and also below the current price, I always have the dilemma and often take too much damage and floating loss on the trades..... It seems your have reall strong evidence to know the specific order of corrections.
If you could hedge, I will say "buy and sell right now". If not, the american session is yet to open; so down is better deal!!!
  • #5,212
  • Aug 12, 2014 3:47am Aug 12, 2014 3:47am
Quoting Eurusdd
{quote} I told you guys on friday, "the UP is not sustainable" but almost everyone ignored it because of 1.3390. Well, now they will believe. This correction has NEVER failed before, 345 in total on 4hr and higher time frames. So, based on history, CORRECTION IS THE WAY TO GO!!!!
eurusdd, I must admit I think you made a wise decision to move your responses to this place, instead of the eur/usd topic. That and any apologies from earlier responses aside, I am wondering if you could answer two questions because right now I am working on elements that I wish to implement in a strategy I am already using.

1* I noticed that 4 digit and 5 digit brokers give different outcomes on some occasions when it comes to plotting the omega's. (despite using the exact same values and tf's). Could you shed some light on this matter?

2* Last week, price moved away a good distance from the mentioned problem. Does that mean the market/price will prioritize this problem above anything else? ; if a new counter problem is created this will be ignored, in order to reach the earlier created problem first / OR will it prioritize near problems>further away problems most of the times? I was willing to backtest this until I noticed that the matter, described at point 1, will maybe give me missleading results. Thank you.
  • #5,213
  • Aug 12, 2014 3:52am Aug 12, 2014 3:52am
Quoting Eurusdd
{quote} If you could hedge, I will say "buy and sell right now". If not, the american session is yet to open; so down is better deal!!!
Sell towards 1.3334 , buy towards 1.3387
  • #5,214
  • Aug 12, 2014 3:53am Aug 12, 2014 3:53am
Quoting Robertk
{quote} eurusdd, I must admit I think you made a wise decision to move your responses to this place, instead of the eur/usd topic. That and any apologies from earlier responses aside, I am wondering if you could answer two questions because right now I am working on elements that I wish to implement in a strategy I am already using. 1* I noticed that 4 digit and 5 digit brokers give different outcomes on some occasions when it comes to plotting the omega's. (despite using the exact same values and tf's). Could you shed some light on this matter?...
gOOD: First I want you to know that what those guys are saying on the EURUSD thread is wrong. The algorithm we are using is not semaphor. It is true that on higher time frames semaphor agrees with our algorithm about 67% of the time, But rest assured, you will lose with semaphor!!!

i STATED the reasons on that thread. Maybe you can find a way to adapt to semaphor but it is not the deal.!!!!

Now: concerning the way problems are corrected. Once a problem is created, the difference between semaphor and our algorithm is this: there is only one B after the A for ours. semaphor can deceive you with many options. Once, we spot a B, the market will prioritize the first problem for correction.
Just like she is doing NOW!!!
  • #5,215
  • Aug 12, 2014 4:00am Aug 12, 2014 4:00am
Eurusdd - what's your definition of a market trap - I know what a price trap is but don't know if it's the same thing.
  • #5,216
  • Aug 12, 2014 4:02am Aug 12, 2014 4:02am
done deal in the making!!!!!!
  • #5,217
  • Aug 12, 2014 4:08am Aug 12, 2014 4:08am
Quoting Eurusdd
done deal in the making!!!!!!

is there any problem above 1.3360?
  • #5,218
  • Aug 12, 2014 4:15am Aug 12, 2014 4:15am
Quoting Eurusdd
{quote} oh ok. I don't see 1.3387 before correction. Probability is low. it may happen but I don't bet on low probabilities!!! That is why I always make sure my loss is very small even if i do not use stop loss. Look at the open buy is my explorer. It is a loss right now but small compare to my profit!!! It was a buy to hedge a sell. {image}
Well, that was quite accurate!
  • #5,219
  • Aug 12, 2014 4:18am Aug 12, 2014 4:18am
Quoting AsadKiani
{quote} Well, that was quite accurate!
I am just pleased the market corrected it quickly as usual.
  • #5,220
  • Aug 12, 2014 4:26am Aug 12, 2014 4:26am
Quoting Eurusdd
{quote}gOOD: First I want you to know that what those guys are saying on the EURUSD thread is wrong. The algorithm we are using is not semaphor. It is true that on higher time frames semaphor agrees with our algorithm about 67% of the time, But rest assured, you will lose with semaphor!!! i STATED the reasons on that thread. Maybe you can find a way to adapt to semaphor but it is not the deal.!!!! Now: concerning the way problems are corrected. Once a problem is created, the difference between semaphor and our algorithm is this: there is only one...
This confuses me a bit. When a small TF's leg end does not back up a larger TF leg end, it will create miss pricing. Isn't this what sem(MTF) is doing in the first place? I dont see how another variable/indicator can create more triggers than sem, since the value input can be whatever you prefer.
0 traders viewing now