The similarity system | Page 309 | 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

  • #6,161
  • Aug 19, 2014 5:47am Aug 19, 2014 5:47am
1.3393
  • #6,162
  • Aug 19, 2014 5:51am Aug 19, 2014 5:51am
Quoting evrynet
what just happened?
Check the calendar before you trade!

http://www.forexfactory.com/
  • #6,163
  • Aug 19, 2014 5:54am Aug 19, 2014 5:54am
Quoting vlady1974
{quote} I am definitely not trading news. Although, I did short from 55 down into the transient
why ever not? (apart from NFP and fomc of course). 68, 58, 23pips and counting....(trailing the stops)
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 27 KB
  • #6,164
  • Aug 19, 2014 5:57am Aug 19, 2014 5:57am
Quoting LITEchild
{quote} why ever not? (apart from NFP and fomc of course). 68, 58, 23pips and counting.... {image}
Cos today and the last 3 days, my job has had me being interrupted by requests and people coming over to my desk etc etc etc and I can't be concentrating and managing SL's on newspikes. Had I kept my shorts from this morning, I'd be okay but I was scalping. So change of mindset required for tomorrow's session.
Today I'm just nicking pips in between....

Short 3328 btw (away from the transient zone we just went through).
A pip is only worth it if you know how much you risked to earn it
  • #6,165
  • Aug 19, 2014 5:57am Aug 19, 2014 5:57am
Quoting LITEchild
{quote} why ever not? (apart from NFP and fomc of course). 68, 58, 23pips and counting.... {image}
Nice place for your stops
  • #6,166
  • Aug 19, 2014 5:58am Aug 19, 2014 5:58am
Quoting vlady1974
{quote} Cos today and the last 3 days, my job has had me being interrupted by requests and people coming over to my desk etc etc etc and I can't be concentrating and managing SL's on newspikes. Had I kept my shorts from this morning, I'd be okay but I was scalping. So change of mindset required for tomorrow's session. Today I'm just nicking pips in between.... Short 3328 btw (away from the transient zone we just went through).
Done +5 pips x2 = 10
Easy scalps.
A pip is only worth it if you know how much you risked to earn it
  • #6,167
  • Aug 19, 2014 5:59am Aug 19, 2014 5:59am
Quoting LITEchild
{quote} why ever not? (apart from NFP and fomc of course). 68, 58, 23pips and counting....(trailing the stops) {image}
BTW... your trades were excellently placed.
Your stops were in my Transient Zone on the top side.

Feline, can you see how LITEchild has done this?
A pip is only worth it if you know how much you risked to earn it
  • #6,168
  • Aug 19, 2014 6:22am Aug 19, 2014 6:22am
Quoting vlady1974
{quote} BTW... your trades were excellently placed. Your stops were in my Transient Zone on the top side. Feline, can you see how LITEchild has done this?
No really, his trades and the line chart are a mystery to me
  • #6,169
  • Aug 19, 2014 6:27am Aug 19, 2014 6:27am
Nice short after price broke the 44 level. Hehe..
Pivot Boss in the making~
  • #6,170
  • Aug 19, 2014 6:40am Aug 19, 2014 6:40am
would like to add something here: recurrent zones do not necessarily have to be horizontal
As Above, So Below
  • #6,171
  • Aug 19, 2014 6:41am Aug 19, 2014 6:41am
Quoting feline207
{quote} No really, his trades and the line chart are a mystery to me
I posted all my levels since last week thursday. dig out my posts. The rest was simply a waiting game...
  • #6,172
  • Aug 19, 2014 6:58am Aug 19, 2014 6:58am
Quoting feline207
{quote} No really, his trades and the line chart are a mystery to me
Maybe part of the mystery is because of his bias. Clearly he was biased short.
But in terms of entry, each sideways move was capped by a levels that define the zones as we've described them.


Notice that when price moved down, there move to challenge his entry instead it was just a retracement at best. And when it did move lower for the final sideways movement, he entered in the Recurrent Area (which matched my 3350 line) and waited for the breakout south.

You would probably ask, but what if price had gone up?
I don't know. I like to move my stops to BE as soon as I can without fail once a move confirms the direction of my open trade. Why let a drawdown increase?
You can't avoid drawdowns.... is this the inhibiting factor? I don't know Feline. I guess I'm not understanding your motivations for trading an entry. Perhaps you need a higher timeframe entry, say 1H (but you'll need a bigger account to handle the bigger sized SL).
A pip is only worth it if you know how much you risked to earn it
  • #6,173
  • Aug 19, 2014 7:04am Aug 19, 2014 7:04am
Ok fellow traders. I got this important information that I would like to share with you. There is a serious mis-price formed at 1.3405. There is a 2nd degree problem at 1.3344. This points to the development of a new trend. So, I will urge bears to be careful. Today or by friday eurusd is heading in that direction for correction and maybe continuation!!!

I am sorry for returning!
  • #6,174
  • Aug 19, 2014 7:09am Aug 19, 2014 7:09am
Quoting Eurusdd
Ok fellow traders. I got this important information that I would like to share with you. There is a serious mis-price formed at 1.3405. There is a 2nd degree problem at 1.3344. This point to the development of a new trend. So, I will urge bears to be careful. Today or by friday eurusd is heading in the direction for correction and maybe continuation!!! I am sorry for returning!
Welp, looks like you can't leave again until 1.3405 is solved. (:
"Mrrraggglhlhghghlgh"
  • #6,175
  • Aug 19, 2014 7:18am Aug 19, 2014 7:18am
Quoting LiquidGenius
{quote} Welp, looks like you can't leave again until 1.3405 is solved. (:
  • #6,176
  • Aug 19, 2014 7:21am Aug 19, 2014 7:21am
Quoting LiquidGenius
{quote} Welp, looks like you can't leave again until 1.3405 is solved. (:
As Above, So Below
  • #6,177
  • Aug 19, 2014 7:22am Aug 19, 2014 7:22am
Quoting Eurusdd
Ok fellow traders. I got this important information that I would like to share with you. There is a serious mis-price formed at 1.3405. There is a 2nd degree problem at 1.3344. This points to the development of a new trend. So, I will urge bears to be careful. Today or by friday eurusd is heading in that direction for correction and maybe continuation!!! I am sorry for returning!
Looks like the price is testing the area from 07/11-13 on Daily.

Attached Image (click to enlarge)
Click to Enlarge Name: EU1908D.gif Size: 236 KB


2nd degrre problem=big gap in the tickdata?

Regards

Waez
  • #6,178
  • Aug 19, 2014 7:23am Aug 19, 2014 7:23am
Quoting Eurusdd
I am sorry for returning!
LOL... don't be.

I was seeing some dissimilarity around 3390ish but I wasn't confident enough yet to call it a mis-price.
I was waiting to see if Price started to weaken.
A pip is only worth it if you know how much you risked to earn it
  • #6,179
  • Aug 19, 2014 7:29am Aug 19, 2014 7:29am
Quoting Eurusdd
Ok fellow traders. I got this important information that I would like to share with you. There is a serious mis-price formed at 1.3405. There is a 2nd degree problem at 1.3344. This points to the development of a new trend. So, I will urge bears to be careful. Today or by friday eurusd is heading in that direction for correction and maybe continuation!!! I am sorry for returning!
We are glad that you returned lol
  • #6,180
  • Aug 19, 2014 7:34am Aug 19, 2014 7:34am
Quoting Eurusdd
Ok fellow traders. I got this important information that I would like to share with you. There is a serious mis-price formed at 1.3405. There is a 2nd degree problem at 1.3344. This points to the development of a new trend. So, I will urge bears to be careful. Today or by friday eurusd is heading in that direction for correction and maybe continuation!!! I am sorry for returning!
strange. I do not see any problems. I saw all the previous ones you called though...
I do see smooth sailing to 1.3110.
You've not been wrong yet though, so Thanks for the heads up as usual!
2 traders viewing now