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The similarity system

  • #6,221
  • Aug 19, 2014 12:04pm Aug 19, 2014 12:04pm
Quoting MikiMax
{quote} Sure I won't do it ! It was just due to lack of fine/valid understanding... I'd be obligated if someone who got the Eurusdd's point could sum it all up in a few, practical steps. Valdy, thanks for your response Eurusdd, if you could find some minutes and provide us with words and pictures and examples explained...would be GREAT !!!
Hi MikiMax,

You will have to go back and read the recent posts of today and the last number of days since the weekend when Eurusdd started the new concept. There are a variety of concepts to understand. I gave a breakdown this morning but it's not a step-by-step guide. It's an idea.

Best of luck!
A pip is only worth it if you know how much you risked to earn it
  • #6,222
  • Aug 19, 2014 12:09pm Aug 19, 2014 12:09pm
^^^ Great! It is an idea. You don't even need indicators on your chart to apply it whichever way you want.
  • #6,223
  • Aug 19, 2014 12:17pm Aug 19, 2014 12:17pm
Quoting Eurusdd
^^^ Great! It is an idea. You don't even need indicators on your chart to apply it whichever way you want.
so this is a yes to my question

http://www.forexfactory.com/showthread.php?p=7682342#post7682342
As Above, So Below
  • #6,224
  • Aug 19, 2014 12:21pm Aug 19, 2014 12:21pm
Quoting tashkent
{quote} so this is a yes to my question http://www.forexfactory.com/showthread.php?p=7682342#post7682342
SURE: I can very successfully using just the idea of transient or recurrent prices. So, yes. It is highly possible.
  • #6,225
  • Aug 19, 2014 12:22pm Aug 19, 2014 12:22pm
At any given price, ask yourself,

will the price be transient/recurrent h-bars into the future?

Use the probability to your advantage.


Most of the time, in fact almost always, I trade these without SL because i don't jump at every price. I TIME the market in order to pick out recurrent prices!!!
  • #6,226
  • Aug 19, 2014 12:22pm Aug 19, 2014 12:22pm
Quoting Eurusdd
Remember that we are faced with a very high-probability setup @ 1.3389+. So like I said before, don't bet against that . If you are selling, do so with caution before you end up in red! from now to Tomorrow is up!, news or no news because this setup is tight. Later.
Glad to hear that, I have a couple of leftover levels nearby
Even if you fall on your face, you're still moving forward.
  • #6,227
  • Aug 19, 2014 12:23pm Aug 19, 2014 12:23pm
EURUSDD, can you please answer this question; Is the h factor a constant or variable for any specific time frame? I do not believe it is a constant but variable, am I wrong?
  • #6,228
  • Aug 19, 2014 12:28pm Aug 19, 2014 12:28pm
Quoting Baillie
EURUSDD, can you please answer this question; Is the h factor a constant or variable for any specific time frame? I do not believe it is a constant but variable, am I wrong?

You don't have to restrict yourself. Adapt to the market.
I have decided to allow you to develop or use the idea whichever way you want. I do not want to give a series of steps.... because this is a powerful and flexible concept!


Transient and recurrent prices as well as similarity account for the performance on my explorer. You will see what I have done to it soon!!!

REMEMBER 1.3389 and make pips
  • #6,229
  • Aug 19, 2014 12:30pm Aug 19, 2014 12:30pm
Quoting Eurusdd
{quote} You don't have to restrict yourself. Adapt to the market. I have decided to allow you to develop or use the idea whichever way you want. I do not want to give a series of steps.... because this is a powerful and flexible concept!
Thank you for the quick and informative reply.
  • #6,230
  • Aug 19, 2014 12:32pm Aug 19, 2014 12:32pm
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!
Thank you for this important information Eurusdd ...
  • #6,231
  • Aug 19, 2014 12:35pm Aug 19, 2014 12:35pm
Quoting tashkent
{quote} so this is a yes to my question http://www.forexfactory.com/showthread.php?p=7682342#post7682342
I believe in this idea tashkent, mainly out of necessity.

I don't have an MT4 terminal at my work. My trading platform is online so I rely on IG Index charts, therefore no wonderful MT4 indicators that everyone has access to.

The best I can do is horizontal lines that I place to mark a seemingly transient price.
I do that over multiple timeframes so that I don't mistake the strength of a 5M transient price with a larger 1H transient price.

Here's how I map out my 1H.
I look for one bar that has a range of prices that are only found in this bar and no other bar for h number of bars.
3340 from this morning. When price broke through it did it ONCE.
3329 same
3313.1 once
They are my price points for Transient.

My 5M is different.
Levels are at 3335, 3322, 3313,3300, 3295
I visually scan a number of h bars and see how the market is "pulsating" between h intervals.
Here after the drop, you can see that it's roughly 9-10 bars between tops. That's 10x5minutes, or 50 minutes in between potential tops or Transient Prices. But also, that transient price kept getting lower and lower. So... it's like another price formation (breakout) which means it could go down or up very quickly.

My strategy is different (and less aggressive to Eurusdd as I want a test/retest). So if price breaks through any of these prices +/- 5 pips (hint!) Then I am looking for an entry. I am not entering, I am LOOKING for an entry. I will enter when there is a test/retest failure.

If it went down, I have an old support line @ 1.3300 and also 1.3295. If it hits those, I know they are Transient prices and I will go Long on those.
If I am wrong and it goes up without me, I will wait to enter on a test of 3322 (Josh's number).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD-1H.JPG Size: 106 KB
Click to Enlarge Name: EURUSD-5M.JPG Size: 82 KB
A pip is only worth it if you know how much you risked to earn it
  • #6,232
  • Aug 19, 2014 12:52pm Aug 19, 2014 12:52pm
It would be nice if it went to 3313ish and I will place a small long with a 20 pip SL. Even 3308 or 3309 would be nice.
I'd fade it at 3300 and 3395 if it went lower.
A pip is only worth it if you know how much you risked to earn it
  • #6,233
  • Aug 19, 2014 12:54pm Aug 19, 2014 12:54pm
Quoting kprsa
{quote} The fractal divergence indy #5274 (http://www.forexfactory.com/showthread.php?p=7670132#post7670132) prints unresolved problems at 1.3363 (M30, FXCM) and 1.3399 (H1, FXCM)...
Thanks for that Indi.
Pivot Boss in the making~
  • #6,234
  • Aug 19, 2014 12:56pm Aug 19, 2014 12:56pm
Quoting vlady1974
It would be nice if it went to 3313ish and I will place a small long with a 20 pip SL. Even 3308 or 3309 would be nice. I'd fade it at 3300 and 3395 if it went lower.
Pending buy limits below 3313.
Pivot Boss in the making~
  • #6,235
  • Aug 19, 2014 1:00pm Aug 19, 2014 1:00pm
Quoting Eurusdd
{quote} You don't have to restrict yourself. Adapt to the market. I have decided to allow you to develop or use the idea whichever way you want. I do not want to give a series of steps.... because this is a powerful and flexible concept! Transient and recurrent prices as well as similarity account for the performance on my explorer. You will see what I have done to it soon!!! REMEMBER 1.3389 and make pips
...hmmm...still beg to differ..for now. 3110 still in my crosshairs...
  • #6,236
  • Edited 1:45pm Aug 19, 2014 1:06pm | Edited 1:45pm
Quoting vlady1974
It would be nice if it went to 3313ish and I will place a small long with a 20 pip SL.
It appears as if the probability is very high (>80%) for such a scenario. I do not know if it would go lower though. Need something faster than MT4...
  • #6,237
  • Aug 19, 2014 1:10pm Aug 19, 2014 1:10pm
Thanks for the response EURUSDD!


Quoting vlady1974
{quote} I believe in this idea tashkent, mainly out of necessity. I don't have an MT4 terminal at my work. My trading platform is online so I rely on IG Index charts, therefore no wonderful MT4 indicators that everyone has access to. The best I can do is horizontal lines that I place to mark a seemingly transient price. I do that over multiple timeframes so that I don't mistake the strength of a 5M transient price with a larger 1H transient price. Here's how I map out my 1H. I look for one bar that has a range of prices that are only found in this...
Thanks for a great response, Vlady!
the same situation here, i peek at my online platform whenever can get a little chance. since i do not have mt4 platform, no access to indicators and templates. most of the time i do not even have these horizontal, diagonal lines, so basically what i have in front of me is candlesticks/bars and absolutely nothing else.
EURUSDD's and your response confirms that with solid understanding of the concepts and extensive training the eye, it is possible to successfully trade without indicators, even though they will not be the of highest probability possible, and i assume this little drawback can be fixed by good money and trade management
As Above, So Below
  • #6,238
  • Aug 19, 2014 1:11pm Aug 19, 2014 1:11pm
Quoting jurn_e
{quote} Pending buy limits below 3313.
Pending buys @ 3310
A pip is only worth it if you know how much you risked to earn it
  • #6,239
  • Aug 19, 2014 1:15pm Aug 19, 2014 1:15pm
Quoting tashkent
Thanks for the response EURUSDD! {quote} Thanks for a great response, Vlady! the same situation here, i peek at my online platform whenever can get a little chance. since i do not have mt4 platform, no access to indicators and templates. most of the time i do not even have these horizontal, diagonal lines, so basically what i have in front of me is candlesticks/bars and absolutely nothing else. EURUSDD's and your response confirms that with solid understanding of the concepts and extensive training the eye, it is possible to successfully trade without...

I'm using everything I know:

  1. Test/Retest & classic S/R and Breakouts
  2. Candlestick patterns.
  3. Fake Moves
  4. ZZ Bollinger on 5M, 15M, 1H
  5. 300EMA on 1H and translations to 5M

in combination with Transient/Recurrent. TRZ!
I don't use trendlines because they are arbitrary lines. I like things that relate Price to Time and vice versa.

The good thing about TRZ is that h = time, k = .............

A pip is only worth it if you know how much you risked to earn it
  • #6,240
  • Aug 19, 2014 1:23pm Aug 19, 2014 1:23pm
Quoting vlady1974
{quote} Pending buys @ 3310
if we go to 3310, EURUSDD's explorer will be in pain (>30% drawdown). if we go down 40 pips from here (without first going above 3330), his account will blow up.

so you are really against his position currently. we know who has been correct in the past :-)
Think : Trade : Live Life
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