The similarity system | Page 283 | 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

  • #5,641
  • Aug 14, 2014 2:48pm Aug 14, 2014 2:48pm
Quoting vlady1974
Okay, here's a quick view of the 1H using one of the MT4 templates I use. {image}
vlady I closed the short for 1.3342 at very small profit, since price is getting slow around ny close and i have to go to sleep, not being able to monitor the charts. I still think that we have to make a return to 1.3372 before a substantial move down. Are you going to trade towards a new bottom.
  • #5,642
  • Aug 14, 2014 3:00pm Aug 14, 2014 3:00pm
Quoting feline207
{quote} vlady I closed the short for 1.3342 at very small profit, since price is getting slow around ny close and i have to go to sleep, not being able to monitor the charts. I still think that we have to make a return to 1.3372 before a substantial move down. Are you going to trade towards a new bottom.
I've not been a very good positional trader (I'm working on it) as I prefer to close trades at end of London session.
So whilst I have trading reasons to have kept the shorts from 3396 and 3412... 3375 was too good not to take profits on - irrespective of an unresolved misprice.

If Asia goes to 72 and then goes lower, then bad luck for me. If Franky fakes back up to 72, I may have a look... but I would still be careful.... for my trading rules, it crosses the bollinger band midline... this makes it bullish. If Franky or London tests 72 and fails, I'll short from 65 and lower... I won't try and pick the top of the swing.... what if it keeps going up?

3353 is the line in the sand.
A pip is only worth it if you know how much you risked to earn it
  • #5,643
  • Aug 14, 2014 5:23pm Aug 14, 2014 5:23pm
Quoting Eurusdd
I promised to pass through during weekends and I will still do that. I am just not into trading for now. Got research to complete!!!! bYE.
Nice to see you again Eurusdd ... I will attend the class. May i know what time is it approximately (in GMT) ? I am free on (almost) Saturdays, but i want to make sure that i am not late to join the class. i WILL ALWAYS REMEMBER that time, and i will prepare my self before the class begin. This class great, i am SURE IT IS IMPORTANT to me, where i can learn much from you. My brain is slow like an old Intel x486, but i will try my best ...

Thanks for sharing
  • #5,644
  • Aug 14, 2014 5:27pm Aug 14, 2014 5:27pm
Old DS zone, 3343 - 3345, about to be taken out... . New DS zone @ 3401 - 3407.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 39 KB
  • #5,645
  • Aug 14, 2014 5:28pm Aug 14, 2014 5:28pm
Quoting tbird2121
{quote} Nice to see you again Eurusdd ... I will attend the class. May i know what time is it approximately (in GMT) ? I am free on (almost) Saturdays, but i want to make sure that i am not late to join the class. i WILL ALWAYS REMEMBER that time, and i will prepare my self before the class begin. This class great, i am SURE IT IS IMPORTANT to me, where i can learn much from you. My brain is slow like an old Intel x486, but i will try my best ... Thanks for sharing
where did he said he would make a class???
  • #5,646
  • Edited 8:32pm Aug 14, 2014 6:07pm | Edited 8:32pm
Quoting mario777
{quote} where did he said he would make a class???
Hi mario, sorry i do not say it clearly. A class, is not a definition. Eurusdd has open a similarity class since 2013. On weekend he will come to visit us here (if i understand it correctly), that is a class for me. And if we are online at the same time he is online, we can get answer to our doubt faster . Like a school, Eurusdd , vlady and some others are teachers, and i am a student. That is i mean a class....
  • #5,647
  • Aug 14, 2014 10:56pm Aug 14, 2014 10:56pm
Hi,

This is my DS zone, thank you to Eurusdd for the great Similarity concept & Ralome for the great code . i just try to get the concept, i know this is my first step. I am still trying to implement this real similarity truth Clues to get our best S/R zone.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-sr.jpg Size: 40 KB
  • #5,648
  • Aug 14, 2014 11:24pm Aug 14, 2014 11:24pm
Hi All,

I collect the posts below. I am more sure, that this similarity concept can be applied any where, using any system/indicators/scripts/ea or other tools we named it. From the posts below, i can see that the Similarity concept result are near each other ... this is great .... I remember Eurusdd said, try to apply the concept .... it doesn't matter if our indicators are repaint .... I am sure: the Similarity concept will work every where ...


Quoting LITEchild
Old DS zone, 3343 - 3345, about to be taken out... . New DS zone @ 3401 - 3407. {image}
Quoting Dewachen77
{quote} i am not sure, may be i have one, about 1.339x ....
Quoting Dewachen77
{quote} If she goes up, may be she needs about 1 hour approximately (if she wants) => small probability. I think more likely (bigger probability) that she will goes down first to reach support area 1.334x , before restore similarity (goes up). This will happened tomorrow or day after tomorrow ...
Quoting vlady1974
Also, the indicator below (Ralome's StochDiffZone 2.6) shows the start (pink) and end (green) of a DS Zone. The rectangle to the right of the Green is a zone that can either attract or repel price action. You can see that it's origin happened way back on the 11th of August 6pm. It was resolved today with price crossing the zone. The height of that rectangle is basically the HI/LO of the original candle. All of this is in the thread for you all to research. ..... Therefore, don't dismiss the bulls.... there's a reason to test that 300EMA which is...
Quoting tbird2121
Hi, This is my DS zone, thank you to Eurusdd for the great Similarity concept & Ralome for the great code . i just try to get the concept, i know this is my first step. I am still trying to implement this real similarity truth Clues to get our best S/R zone. {image}
This image is my result of Similarity concept ... a little different, but not far from other result ....
Attached Image (click to enlarge)
Click to Enlarge Name: similarity-2014-08-15.jpg Size: 40 KB
Similarity can change your life !
  • #5,649
  • Aug 14, 2014 11:28pm Aug 14, 2014 11:28pm
I just think, it would be better if Eurusdd create another thread to discuss this more deeply .... and may be a clue on how to Entry ...
Just an idea ....

Thanks
Similarity can change your life !
  • #5,650
  • Edited Aug 15, 2014 12:22am Aug 14, 2014 11:34pm | Edited Aug 15, 2014 12:22am
Quoting jackprobe
I just think, it would be better if Eurusdd create another thread to discuss this more deeply .... and may be a clue on how to Entry ... Just an idea .... Thanks
I am agree .... it is something like the second part of Similarity, which we can discuss More about the concept. After I recalculate again, my result is not far from Vlady's. You are right, Eurusdd has given us the SECRET of big boys, the Similarity concept ... he is so generous ...
  • #5,651
  • Aug 14, 2014 11:48pm Aug 14, 2014 11:48pm
Take a rest for some minutes, see during lunch time .... 90% of traders are like the fishes ... Similarity concept is the dog ...

http://www.youtube.com/watch?v=5EpVdVAFL14
  • #5,652
  • Aug 15, 2014 12:29am Aug 15, 2014 12:29am
Quoting feline207
{quote} What makes you so sure? I think it will.
you see?
  • #5,653
  • Aug 15, 2014 12:30am Aug 15, 2014 12:30am
Hey Guys, Is any Insurance companies out there does insure Forex account??
  • #5,654
  • Aug 15, 2014 12:33am Aug 15, 2014 12:33am
Quoting Eurusdd
2: I promised to pass through during weekends and I will still do that. I am just not into trading for now. Got research to complete!!!! bYE.
Nice ....
  • #5,655
  • Aug 15, 2014 12:47am Aug 15, 2014 12:47am
Quoting ibram.forex
Hey Guys, Is any Insurance companies out there does insure Forex account??
no
  • #5,656
  • Aug 15, 2014 12:57am Aug 15, 2014 12:57am
Quoting jackprobe
Hi All, I collect the posts below. I am more sure, that this similarity concept can be applied any where, using any system/indicators/scripts/ea or other tools we named it. From the posts below, i can see that the Similarity concept result are near each other ... this is great .... I remember Eurusdd said, try to apply the concept .... it doesn't matter if our indicators are repaint .... I am sure: the...
If I'm right, the pink zone is no longer valid because price has returned and crossed it.Unless another zone exits on a lower timeframe. But 1H trumps any lower rd in terms of power.
A pip is only worth it if you know how much you risked to earn it
  • #5,657
  • Aug 15, 2014 1:33am Aug 15, 2014 1:33am
Guys, I went long this morning @ 64.4, just exited under 3387 for +24pips.
This was done for a a number of reasons that I had mentioned in my last night's post.

Some who have dug through my notes will see that I tried a daily forecast of direction last year.
This worked only during a trend (price was above and moving away from 300EMA).
It stopped when it started to CROSS the 300EMA.

Guess where the 300EMA is now on the 1H. (Don't use lower timeframes for this)
A pip is only worth it if you know how much you risked to earn it
  • #5,658
  • Edited 1:50am Aug 15, 2014 1:37am | Edited 1:50am
Quoting vlady1974
{quote} If I'm right, the pink zone is no longer valid because price has returned and crossed it.Unless another zone exits on a lower timeframe. But 1H trumps any lower rd in terms of power.
Lots of compression going on in there...dare say price will NOT close above 3415 before clearing the '4' DS zones......still think it's a bull trap. Interestingly there's been no short entry signal either since the creation of the FIRST '4' zone.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 58 KB
Click to Enlarge Name: EURUSDH11.png Size: 40 KB
Attached Image
  • #5,659
  • Aug 15, 2014 1:43am Aug 15, 2014 1:43am
Quoting LITEchild
{quote} Lots of compression going on in there...dare say price will NOT close above 3415 before clearing the '4' DS zones......still think it's a bull trap. Interestingly there's been no short entry signal either since the creation of the SECOND '4' zone. {image} {image}
That behaviour is bullish. i.e. price may want to go higher before going lower.
300EMA is coming in on the 1H at 3396. The weekly pivot is now 3392.
Any crossing will meet some form of resistance around this area. A breakout will mean higher prices.
A pip is only worth it if you know how much you risked to earn it
  • #5,660
  • Aug 15, 2014 1:52am Aug 15, 2014 1:52am
Quoting jackprobe
Hi All, I collect the posts below. I am more sure, that this similarity concept can be applied any where, using any system/indicators/scripts/ea or other tools we named it. From the posts below, i can see that the Similarity concept result are near each other ... this is great .... I remember Eurusdd said, try to apply the concept .... it doesn't matter if our indicators are repaint .... I am sure: the Similarity concept will work every where ... {quote} {quote} {quote} {quote} {quote} This image is my result of Similarity concept ......
Nice work!

What timeframe is that?
A pip is only worth it if you know how much you risked to earn it
3 traders viewing now