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The similarity system

  • #5,301
  • Aug 13, 2014 2:24am Aug 13, 2014 2:24am
I told you. My call for today is done. I have other things to do, SO i will be away for the rest of the coming 12 hrs. Take care people!!!

PS: I asked no one to follow me, but don't trade against high-probability setups!!!! I have proven myself!@
  • #5,302
  • Aug 13, 2014 2:42am Aug 13, 2014 2:42am
You guys still shorting?
  • #5,303
  • Aug 13, 2014 2:51am Aug 13, 2014 2:51am
Quoting davinci15
You guys still shorting?
I have closed my profit orders. Waiting for other opportunity ...
  • #5,304
  • Aug 13, 2014 3:02am Aug 13, 2014 3:02am
I think we must see 1.3368 again today or tomorrow. But I may be wrong. As I also see a dissim around 1.3342 area that be corrected first.
  • #5,305
  • Aug 13, 2014 3:31am Aug 13, 2014 3:31am
Quoting bradu
No 3 losses in a row. MAX SL = 10pips ...and yet you have an open trade with -3o pips... why didnt you just closed it admitting was a bad call ?
Hello bradu, I am sorry I have not closed that 0.1 position yet. Notice that 0.1 is very small and so I am not worried about that position. My eyes are on my net $$$. Anyway, since I must follow the law of the explorer, I will close it today! I hope you made pips today! Take care.

From now on, I will go for larger pips. That is not my target though, just $$$.
  • #5,306
  • Aug 13, 2014 3:35am Aug 13, 2014 3:35am
If you are new to forex trading, forget about everything you know and try to master this:

choose a price level and a given time and see if price hits your level within the time you specified. In other words, master the art of setting GOOD stoplosses. When you are good at that, you will make money even if you enter your trades randomly!!!

So, start now!!! With time, choose levels VERY close to price and longer periods!!!!
  • #5,307
  • Aug 13, 2014 3:43am Aug 13, 2014 3:43am
You are free to post your levels and times here. With time you will become very good at it. I will post mine too: in fact you all know that I post them regularly.

Let this be the starting point to you becoming a student of the similarity principle. If you want to be good, take part now!!!

Just give your price and time, forget about what other think of you.
  • #5,308
  • Aug 13, 2014 3:55am Aug 13, 2014 3:55am
^^ This post is necessary for me to continue to post here. I am not a signal provider!!!! If we are not progressing together, I will stop.
  • #5,309
  • Aug 13, 2014 4:01am Aug 13, 2014 4:01am
Quoting Eurusdd
If you are new to forex trading, forget about everything you know and try to master this: choose a price level and a given time and see if price hits your level within the time you specified. In other words, master the art of setting GOOD stoplosses. When you are good at that, you will make money even if you enter your trades randomly!!! So, start now!!! With time, choose levels VERY close to price and longer periods!!!!
Hello eurusdd. I got a little confused recently. Most of what i saw from you was trading withouta a stoploss. Now I am asking this just of curiosity and with the respect to your method, but if your calls are that accurate and I have seen they are, why do you need a stoploss at all??? It seems that you are right almost 100% of the time about where price has to go and you even know the TIME to go there. Given that fact, i am sure you can have extreme returns in a very short time, even without good entry points ( and you have that also ) ! So why do you think about that stop at all ? You have very good understanding where price will and will not go for specific time, so why care to put a stop order? What do you protect from? If you withdraw your money, that is how you protect I may not be getting some aspect so forgive me if my question is not at the right place, but still it is at the very least strange for me. If we strongly believe price is getting back to us, why take the loss?
Edit: I remember some of you older posts, you supported the idea that it is impossible to know PRECISE turning points of market. But you can know when and where it will return. If we cannot know precise turning points, how do we know where stops wont be taken for sure?
  • #5,310
  • Aug 13, 2014 4:09am Aug 13, 2014 4:09am
Attached Image (click to enlarge)
Click to Enlarge Name: 2a.PNG Size: 133 KB


Update of setup I posted earlier. Trade completed!!
  • #5,311
  • Aug 13, 2014 4:17am Aug 13, 2014 4:17am
Quoting feline207
{quote} Hello eurusdd. I got a little confused recently. Most of what i saw from you was trading withouta a stoploss. Now I am asking this just of curiosity and with the respect to your method, but if your calls are that accurate and I have seen they are, why do you need a stoploss at all??? It seems that you are right almost 100% of the time about where price has to go and you even know the TIME to go there. Given that fact, i am sure you can have extreme returns in a very short time, even without good entry points ( and you have that also ) !...
Intelligent post!!!
This is why I said many time before: understand the SPACE-TIME environment of trading. Price lives in space and time.
Before you place a stoploss, ask yourself, WHERE should I put it AND for how long will it be valid!!! Some people only ask the first question and that is why their stop-loss gets hit every time.
That is why I normally say eurusd will close below, stay below .... this or that level, within the next ,,,,, mins. after that period, the statement is invalid.

I don't use stoploss normally and I am not using one on my explorer because I asked and answered both questions!!!! If I want to hedge a position or let it run against me, it will be 0.1 lots or very small in $$$$.
  • #5,312
  • Aug 13, 2014 4:22am Aug 13, 2014 4:22am
I need to know where to place a stoploss because that will help me know when and where to enter. once you answer the where and when questions, you will know where and when to enter!!!

Knowing where to place a stoploss does not means you have to place one. My explorer proves this. look at the huge lots I used sometimes!!
  • #5,313
  • Aug 13, 2014 4:34am Aug 13, 2014 4:34am
Quoting Eurusdd
{image} Update of setup I posted earlier. Trade completed!!
I took profit by following your post. You deserve a big thanks. As you mentioned Trade completed , any more update for us.

Thanks for this profitable trade
  • #5,314
  • Aug 13, 2014 4:41am Aug 13, 2014 4:41am
Quoting Eurusdd
If you are new to forex trading, forget about everything you know and try to master this: choose a price level and a given time and see if price hits your level within the time you specified. In other words, master the art of setting GOOD stoplosses. When you are good at that, you will make money even if you enter your trades randomly!!! So, start now!!! With time, choose levels VERY close to price and longer periods!!!!
Hi Eurusdd, may I ask what basic principle one can use to choose a price level, MAs, Mr. Elliot's waves, other. What about fundamental points of view?
  • #5,315
  • Aug 13, 2014 4:45am Aug 13, 2014 4:45am
Quoting Eurusdd
{quote} Because there is no package for you to download and use. The thread is a concept and each one must understand the concept and figure out how to apply it. If you can, you can make precise calls. The similarity principle is what you must understand.
Thank you for the answer. I will begin reading as e speak. Cheers
Banks scalp, why don't you?
  • #5,316
  • Aug 13, 2014 4:49am Aug 13, 2014 4:49am
Quoting Karpa
{quote} Hi Eurusdd, may I ask what basic principle one can use to choose a price level, MAs, Mr. Elliot's waves, other. What about fundamental points of view?
Hi. That is the phase two of the similarity thread. But I can't do it alone. You must state levels too for all of us to grow! Then with time, I may let you knwo why your level failed or mine failed. I may then tell you why I gave a certain level. However, I will not release info just like that without participation....
  • #5,317
  • Aug 13, 2014 4:50am Aug 13, 2014 4:50am
Quoting Karpa
{quote} Hi Eurusdd, may I ask what basic principle one can use to choose a price level, MAs, Mr. Elliot's waves, other. What about fundamental points of view?
+1

Quoting Eurusdd
I need to know where to place a stoploss because that will help me know when and where to enter. once you answer the where and when questions, you will know where and when to enter!!! Knowing where to place a stoploss does not means you have to place one. My explorer proves this. look at the huge lots I used sometimes!!
  • #5,318
  • Aug 13, 2014 4:55am Aug 13, 2014 4:55am
Quoting Eurusdd
{quote} Hi. That is the phase two of the similarity thread. But I can't do it alone. You must state levels too for all of us to grow! Then with time, I may let you knwo why your level failed or mine failed. I may then tell you why I gave a certain level. However, I will not release info just like that without participation....
I've already started to feel like in a classroom and I'm liking it. I'm already skimming through your posts in this thread to understand The Similarity System. Once I'm done with it I'll share my calculated levels (I hope I get there soon :nerd:blush:.
  • #5,319
  • Aug 13, 2014 4:58am Aug 13, 2014 4:58am
^^^^ The when question is very important because every price level is a potential support or resistance level. So, how long a certain level holds is all that matter. So, when I know a partcualar level will hold for the next 10mins with probability 98%, I can enter without SL, or place a VERY small sl( i.e <10pips, as I do whenever I use SL) And I have never lost 3 trades in a row, SL or no SL!!!
  • #5,320
  • Aug 13, 2014 5:00am Aug 13, 2014 5:00am
Our first lesson will be to look at candle sticks again, not in the way people look at it around the world. We will focus on the spacetime component!!!!
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