The similarity system | Page 284 | 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

  • #5,661
  • Aug 15, 2014 4:00am Aug 15, 2014 4:00am
Quoting vlady1974
{quote} 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.
Hmmm... 3392 rejected for now. Back to 82 but doesn't look weak.
A pip is only worth it if you know how much you risked to earn it
  • #5,662
  • Aug 15, 2014 4:03am Aug 15, 2014 4:03am
Quoting vlady1974
{quote} 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.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH111.png Size: 41 KB
  • #5,663
  • Aug 15, 2014 4:08am Aug 15, 2014 4:08am
Quoting vlady1974
{quote} Nice work! What timeframe is that?
Hi Vlady,

I have checked it again at lower time frame .... you are right, it was done. Thank you for correction.
So, now is a "false" down trend (fooling) ? It will goes up fast in some hours i think ...

Thanks
Similarity can change your life !
  • #5,664
  • Aug 15, 2014 4:15am Aug 15, 2014 4:15am
Quoting vlady1974
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)
Quoting vlady1974
.. Therefore, don't dismiss the bulls.... there's a reason to test that 300EMA which is now encroaching 1.3396 Good luck for tomorrow. {image}
Great Vlady .... good prediction. Your number 3396 is still valid ?

Thanks

edit:
Quoting vlady1974
{quote} Hmmm... 3392 rejected for now. Back to 82 but doesn't look weak.
Yes, it will goes up a little ...
Good friends are more valuable than gold ...
  • #5,665
  • Aug 15, 2014 4:31am Aug 15, 2014 4:31am
Quoting pedma
{quote} {quote} Great Vlady .... good prediction. Your number 3396 is still valid ? Thanks edit: {quote} Yes, it will goes up a little ...
The 300EMA is not a "similarity" indicator. But Eurusdd elluded to it last year in one of his observations.
I forward tested it for one month and was able to get 70% accuracy on daily direction.... but my caveat is that it must be a trending market.

So right now, EU is under 300EMA on the 1H (lowest timeframe to analyse macro level). So bias is short.
BUT we are now right on the line. If sentiment is to change, it will be violent not smooth.

This is why I say, learn to trade or study other price patterns because it is useful reference when combined with DS price zones.
Anyway.... those who have worked with moving average crosses will know that price can:

a) touch and bounce
b) pierce and retest
c) touch and bounce and retest and fail... go to (b)
d) pierce and retest and fail and go to (b)

------
a) is good because it maintains the trend
b) is good because it changes trend quickly

c) is bad because it's going sideways whilst the market figures itself out
d) just like (c)


Any trader who has lost money will usually do it during periods of (c) and (d). I'm one of them.
Something I think will come into play as we edge closer to the 300EMA.
A pip is only worth it if you know how much you risked to earn it
  • #5,666
  • Aug 15, 2014 4:51am Aug 15, 2014 4:51am
Quoting vlady1974
{quote} The 300EMA is not a "similarity" indicator. But Eurusdd elluded to it last year in one of his observations. I forward tested it for one month and was able to get 70% accuracy on daily direction.... but my caveat is that it must be a trending market. So right now, EU is under 300EMA on the 1H (lowest timeframe to analyse macro level). So bias is short. BUT we are now right on the line. If sentiment is to change, it will be violent not smooth. This is why I say, learn to trade or study other price patterns because it is useful reference when...
Thank you Vlady ...
Good friends are more valuable than gold ...
  • #5,667
  • Aug 15, 2014 4:58am Aug 15, 2014 4:58am
Attached Image (click to enlarge)
Click to Enlarge Name: 3a.PNG Size: 36 KB

things will never be the same again! Told you this first position is mine by end of week!!!

Attached Image
  • #5,668
  • Aug 15, 2014 5:01am Aug 15, 2014 5:01am
300EMA rejected. Looking like shorts again.
A pip is only worth it if you know how much you risked to earn it
  • #5,669
  • Aug 15, 2014 5:02am Aug 15, 2014 5:02am
Quoting Eurusdd
things will never be the same again!
What's up Eurusdd?

Edit: haha.. you were too quick! Congratulations!
A pip is only worth it if you know how much you risked to earn it
  • #5,670
  • Aug 15, 2014 5:03am Aug 15, 2014 5:03am
Quoting Eurusdd
things will never be the same again! Told you this first position is mine by end of week!!! {image}
Please explain a bit more....
  • #5,671
  • Aug 15, 2014 5:04am Aug 15, 2014 5:04am
but its still not gonna make to 1.3347
  • #5,672
  • Aug 15, 2014 5:06am Aug 15, 2014 5:06am
Quoting Eurusdd
{image} things will never be the same again! Told you this first position is mine by end of week!!! {image}
Congratulation ...
  • #5,673
  • Aug 15, 2014 5:09am Aug 15, 2014 5:09am
Quoting Trillion2015
{quote} Please explain a bit more....
As far as trading and making comment about the market here, I won't go there. There are very good people here who are experts themselves. vlady1974 is one. I would recommend you pay attention to his/her little posts! Me, I am off for a while! Once in a while though, I will pass through.
  • #5,674
  • Aug 15, 2014 5:14am Aug 15, 2014 5:14am
Quoting Eurusdd
{quote} As far as trading and making comment about the market here, I won't go there. There are very good people here who are experts themselves. vlady1974 is one. I would recommend you pay attention to his/her little posts! Me, I am off for a while! Once in a while though, I will pass through.
Good luck with your research! I remember those days... so long ago!
A pip is only worth it if you know how much you risked to earn it
  • #5,675
  • Aug 15, 2014 5:28am Aug 15, 2014 5:28am
Quoting Eurusdd
{quote} As far as trading and making comment about the market here, I won't go there. There are very good people here who are experts themselves. vlady1974 is one. I would recommend you pay attention to his/her little posts! Me, I am off for a while! Once in a while though, I will pass through.
Undoubtedly vlady1974 one of the expert. I read few people post all the time like Maxdoom , vlady1974 , pipmaster , chazzle (http://www.forexfactory.com/showthread.php?p=7676714#post7676714) etc. I hope you are missing us Eurusdd .....
  • #5,676
  • Aug 15, 2014 5:33am Aug 15, 2014 5:33am
next week should be interesting....somethings got to give...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 45 KB
  • #5,677
  • Aug 15, 2014 5:40am Aug 15, 2014 5:40am
Quoting LITEchild
next week should be interesting....somethings got to give... {image}
You are a Gann student.... or should I say Cowan?
A pip is only worth it if you know how much you risked to earn it
  • #5,678
  • Aug 15, 2014 5:49am Aug 15, 2014 5:49am
Looking for a short setup..
A pip is only worth it if you know how much you risked to earn it
  • #5,679
  • Aug 15, 2014 6:18am Aug 15, 2014 6:18am
Quoting vlady1974
{quote} You are a Gann student.... or should I say Cowan?
actually...never heard of them...
  • #5,680
  • Aug 15, 2014 6:19am Aug 15, 2014 6:19am
Quoting vlady1974
Looking for a short setup..
....the trigger...
8 traders viewing now