The similarity system | Page 267 | 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

  • #5,321
  • Aug 13, 2014 3:07am Aug 13, 2014 3:07am
My buy limit was missed by half a pip. I am still not sure if it is good or bad that i am out of that tade.
Attached Image (click to enlarge)
Click to Enlarge Name: dissim.png Size: 31 KB
  • #5,322
  • Aug 13, 2014 3:10am Aug 13, 2014 3:10am
Quoting Eurusdd
^^^^ 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!!!

I don't undertsand you are buying right now? Do you think it will crawl back up to 1.3386?
If you fall, I shall be there. - The floor
  • #5,323
  • Edited 4:40am Aug 13, 2014 3:50am | Edited 4:40am
post removed
  • #5,324
  • Aug 13, 2014 4:02am Aug 13, 2014 4:02am
Quoting Eurusdd
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!!!!
Please elaborate
  • #5,325
  • Aug 13, 2014 4:03am Aug 13, 2014 4:03am
Quoting Eurusdd
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!!!!
Very interesting .... I am preparing my historical data at the moment ... still need some time, because of slow internet connection (got problem in network ....). I hope it will be ok tomorrow, then i will try to post my level ... May be tomorrow (latest on Friday) - based on what i understand about the level - ...

Thank you buddy ...
  • #5,326
  • Aug 13, 2014 4:09am Aug 13, 2014 4:09am
Quoting Eurusdd
1HR {image} 30MIN {image} Similarity
OK this poste was a breakout for me of understanding what you're looking for. I'm using TOS platform and was trying to identify spot on another currency (EUR/GBP).
Would like to get confirmation if my understanding is correct or this was just a quincidence. As i understood your poste you can search similarity with any of indicator so i tried with PPS and comparing timeframes 4h/1h/30min.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.png Size: 103 KB
  • #5,327
  • Aug 13, 2014 4:17am Aug 13, 2014 4:17am
Quoting Eurusdd
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!!!!
May I join in this lesson???? I would love to join ....
  • #5,328
  • Aug 13, 2014 4:17am Aug 13, 2014 4:17am
Quoting davinci15
{quote} OK this poste was a breakout for me of understanding what you're looking for. I'm using TOS platform and was trying to identify spot on another currency (EUR/GBP). Would like to get confirmation if my understanding is correct or this was just a quincidence. As i understood your poste you can search similarity with any of indicator so i tried with PPS and comparing timeframes 4h/1h/30min. {image}
That is very true and the more sophisticated your setup is the more precise your calls will be!
  • #5,329
  • Aug 13, 2014 4:19am Aug 13, 2014 4:19am
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!!
Ok, I will give this go. I am not mega confident but feel we need to contribute something back so I'll start the ball rolling.

The current H1 bar needs to close above 1.33561 so I would buy if it drops sufficiently below to cover the spread and my SL would be a close below 1.35561 at the close or 1.33451 if hit before.
  • #5,330
  • Aug 13, 2014 4:21am Aug 13, 2014 4:21am
Quoting davinci15
{quote} OK this poste was a breakout for me of understanding what you're looking for. I'm using TOS platform and was trying to identify spot on another currency (EUR/GBP). Would like to get confirmation if my understanding is correct or this was just a quincidence. As i understood your poste you can search similarity with any of indicator so i tried with PPS and comparing timeframes 4h/1h/30min. {image}
I spot one possible trade at EUR/JPY. Price should return to 136,36.

be aware: this is not trade idea. Just asking EURUSDD if i understand the idea os similarity.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.png Size: 115 KB
  • #5,331
  • Aug 13, 2014 4:24am Aug 13, 2014 4:24am
Quoting hepsibah
{quote} Ok, I will give this go. I am not mega confident but feel we need to contribute something back so I'll start the ball rolling. The current H1 bar needs to close above 1.33561 so I would buy if it drops sufficiently below to cover the spread and my SL would be a close below 1.35561 at the close or 1.33451 if hit before.
Thank you Hepsibah. However, remember the most important thing I said. Price lives in spacetime. Always give position and time of validity. so it is not enough to say this: The current H1 bar needs to close above 1.33561

because your H4 bar may be different from another person's.

You can say "at the end of the next xxx mins, eurusd should close below/above xxxxx"

and make sure you did some analysis. because if you are right you can go back to your analysis and make it better.
  • #5,332
  • Aug 13, 2014 4:28am Aug 13, 2014 4:28am
Quoting davinci15
{quote} OK this poste was a breakout for me of understanding what you're looking for. I'm using TOS platform and was trying to identify spot on another currency (EUR/GBP). Would like to get confirmation if my understanding is correct or this was just a quincidence. As i understood your poste you can search similarity with any of indicator so i tried with PPS and comparing timeframes 4h/1h/30min. {image}
Hi davinci15,

Are you using ThinkOrSwim ? Thanks, i am agree. Is it secure and can show us how many TFs ?

Thanks
  • #5,333
  • Aug 13, 2014 4:29am Aug 13, 2014 4:29am
Quoting davinci15
{quote} I spot one possible trade at EUR/JPY. Price should return to 136,36. be aware: this is not trade idea. Just asking EURUSDD if i understand the idea os similarity. {image}
You have a great starting setup. you have to fix your coloring. Make the arrow clear so we can follow you and contribute.
  • #5,334
  • Aug 13, 2014 4:31am Aug 13, 2014 4:31am
Quoting Dewachen77
{quote} Hi davinci15, Are you using ThinkOrSwim ? Thanks, i am agree. Is it secure and can show us how many TFs ? Thanks
Yes TOS as ThinkOrSwim. I'm only using three timeframes now i mentioned above 4h/2h/30min.
  • #5,335
  • Aug 13, 2014 4:33am Aug 13, 2014 4:33am
I propose we use weekends or market closing periods to learn new things or help each others. These periods should be for applying what we learned and trading EURUSD....
  • #5,336
  • Aug 13, 2014 4:34am Aug 13, 2014 4:34am
Now I feel bad I missed the long from 1.3342
davinci15 hello, could you tell what is the PPS indicator?
  • #5,337
  • Aug 13, 2014 4:37am Aug 13, 2014 4:37am
eurusdd, do you agree that there is a problem to be fixed at 1.3400
  • #5,338
  • Aug 13, 2014 4:40am Aug 13, 2014 4:40am
Quoting Eurusdd
{quote} You have a great starting setup. you have to fix your coloring. Make the arrow clear so we can follow you and contribute.
quick fix on coloring.
will try to make it even better.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.png Size: 110 KB
  • #5,339
  • Aug 13, 2014 4:41am Aug 13, 2014 4:41am
Quoting feline207
Now I feel bad I missed the long from 1.3342 davinci15 hello, could you tell what is the PPS indicator?
https://tlc.thinkorswim.com/center/charting/studies/studies-library/O-Q/PPS.html
  • #5,340
  • Aug 13, 2014 4:42am Aug 13, 2014 4:42am
Quoting feline207
eurusdd, do you agree that there is a problem to be fixed at 1.3400
Price can go there but not really because of a problem.

I urge everyone to post only things related to pips making during trading periods. we can learn new things during the weekends.
8 traders viewing now