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The similarity system

  • #6,281
  • Aug 20, 2014 1:53am Aug 20, 2014 1:53am
Quoting josh11
1.3322 next target for me! lets see
Did you see what happen to price once it hit my target? Wow!

GL
  • #6,282
  • Aug 20, 2014 2:01am Aug 20, 2014 2:01am
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Pivot Boss in the making~
  • #6,283
  • Aug 20, 2014 2:51am Aug 20, 2014 2:51am
Quoting vlady1974
Morning All, Looks like Asia did what she was gonna. Long @ 3305, pending longs @ 3295 Will add more as she develops.
Long 3292, 3302, 3304
A pip is only worth it if you know how much you risked to earn it
  • #6,284
  • Aug 20, 2014 2:55am Aug 20, 2014 2:55am
Now that's true belief in the system.
  • #6,285
  • Aug 20, 2014 2:57am Aug 20, 2014 2:57am
Quoting vlady1974
{quote} Long 3292, 3302, 3304
Hi Vlady, it seems you do not put orders based on distance (lets say 10pips averaging). So, do you act based on signal, may be in small TF ? I have 1 buy order at: 1.3306
Thanks
  • #6,286
  • Aug 20, 2014 3:08am Aug 20, 2014 3:08am
Now I start to lose confidence in my trading. That one way train hasnt stoped for weeks. I have longs in red right now , targetting way above 1.33... Eurusdd prediction is giving me a little more belief, but he wont be always around. I start to doubt my own analysis.
Soon I will drop all "sophisticated" methods and start trading a basic moving average system for newbies, i guess i will be much more profitable!
  • #6,287
  • Aug 20, 2014 3:25am Aug 20, 2014 3:25am
Quoting LiquidGenius
Some quick and general notes for people. First, I'm running a macro that's calculating 7 different values which I'm using to help me take a deeper look at the data. I'm using 2 pieces of that data to find a ratio. That ratio is wrong(constantly giving me numbers >1). My code is buggy! Even so, I'm thinking at this point that the other values are correct. Thus, take these numbers with a grain of salt and get to work if you decide to use them (: 1. Size (kinda) matters. In general if a LTB (left-side transient bar) has a small transient range, it's...
Very interesting Liquidgenius,
Can you explain a little more. Any part does not fit me, may be for my lack of understanding.
thank you very much
  • #6,288
  • Aug 20, 2014 3:27am Aug 20, 2014 3:27am
Buy at 90 out for 13pips. 1 more buy from Asian session still holding.
Pivot Boss in the making~
  • #6,289
  • Aug 20, 2014 3:37am Aug 20, 2014 3:37am
Quoting feline207
Now I start to lose confidence in my trading. That one way train hasnt stoped for weeks. I have longs in red right now , targetting way above 1.33... Eurusdd prediction is giving me a little more belief, but he wont be always around. I start to doubt my own analysis. Soon I will drop all "sophisticated" methods and start trading a basic moving average system for newbies, i guess i will be much more profitable!
I don't know if you can see this but there is hope. This morning it went lower to hit that Low support line (green one).
It is retesting now and ff it breaks 1.32851 ( unlikely as it didn't before) we are not going to recover easily but if it holds then we are OK.
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If you fall, I shall be there. - The floor
  • #6,290
  • Aug 20, 2014 3:38am Aug 20, 2014 3:38am
Quoting tbird2121
{quote} Hi Vlady, it seems you do not put orders based on distance (lets say 10pips averaging). So, do you act based on signal, may be in small TF ? I have 1 buy order at: 1.3306 Thanks
I'm a pretty mobile guy for alot of what I do, so I don't have the luxury of sitting behind a desk to watch constantly.
So my entries can be quite erratic.

Forgetting Similarity/Transient and everything else for the moment, what I saw this morning was this (and I can still be wrong):

Asia pushed down from 3324. I thought it would but not that strong.
Asia has been an indicator of direction when a trend has been chosen. When it hasn't it will be flat.

The direction of prices is the opposite of trend chosen because they want to get the best price. Longs, need lower price. Shorts need higher price.
This is especially prevalent on Franfurt session which does alot of fakes. The fake for a long is to go......what? SHORT.
At London open, I hadn't seen the spike... so even though I was watching (and longing at 3305) I was waiting for aaaaaages for a downspike,
Then I had to go to work. Since signal isn't guaranteed, by the time I saw it again I saw the pin bar all the way down to 3286. That's the baby I was waiting for. In addition, the bar is outside my Bollinger Band on the bottomside (5M tf) and therefore tells me the next sequence has to be a topside (ie LONG).

All of this takes place in various times, so I check when I can and I act where I can. Sometimes I put a pending if price is close enough.
Had I not closed my pending long last night it would have been a major drawdown.

Hope that reveals the mind of an erratic trader! LOL
A pip is only worth it if you know how much you risked to earn it
  • #6,291
  • Aug 20, 2014 3:39am Aug 20, 2014 3:39am
Anyone able to see eurusdd's TE? Just wondering if he somehow avoided longs at the very end (AS onwards). Would mean he is able to filter out certain bad trades.
  • #6,292
  • Aug 20, 2014 3:41am Aug 20, 2014 3:41am
vlady - as a fellow Brit I gotta love your turn of phrase for describing your stops (on EU thread). Much politer than my "tighter than a duck's ar*e".
  • #6,293
  • Aug 20, 2014 3:48am Aug 20, 2014 3:48am
Quoting handy148
vlady - as a fellow Brit I gotta love your turn of phrase for describing your stops (on EU thread). Much politer than my "tighter than a duck's ar*e".
LOL... it's actually an Aussie saying (where I'm originally from <Filipino parents though> down in Melbourne) but I've been in London for 13 years and going strong! The phrase just came to me and thought it was appropriate cos I'm feeling a slight sphincter squeeze at the moment with these positions! LOL
A pip is only worth it if you know how much you risked to earn it
  • #6,294
  • Aug 20, 2014 3:52am Aug 20, 2014 3:52am
Am I right with this? I am not sure if I understand wwell transcient and reccurent price. h=13 ...
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  • #6,295
  • Aug 20, 2014 3:53am Aug 20, 2014 3:53am
Quoting samaralala
{quote} I don't know if you can see this but there is hope. This morning it went lower to hit that Low support line (green one). It is retesting now and ff it breaks 1.32851 ( unlikely as it didn't before) we are not going to recover easily but if it holds then we are OK. {image}
Hope that it plays in such way!I still see 1.3355-1.3360 as potential targets for the up move.. Lets see
  • #6,296
  • Aug 20, 2014 3:53am Aug 20, 2014 3:53am
Quoting matkooo2575
Am I right with this? I am not sure if I understand wwell transcient and reccurent price. h=13 ... {image}

How you drawing your pretty rectanges?
If you fall, I shall be there. - The floor
  • #6,297
  • Aug 20, 2014 3:56am Aug 20, 2014 3:56am
IMO all timeframes from from 1minute to 4hrs have BB lower bands extended below the zero line. that means we will have a correction sometime. it might not be today aseurusdd said between today and friday. scalping longs and shorts right now. thats the way to go till we find a bottom. eurusdds system is still working for short trades if you have observed. ive taken close to 80 pips long and short. be creative. this is art
  • #6,298
  • Aug 20, 2014 3:56am Aug 20, 2014 3:56am
Quoting samaralala
{quote} How you drawing your pretty rectanges?
thanks to freefox
http://www.forexfactory.com/showthread.php?p=7680007#post7680007
  • #6,299
  • Aug 20, 2014 3:57am Aug 20, 2014 3:57am
Quoting matkooo2575
Am I right with this? I am not sure if I understand wwell transcient and reccurent price. h=13 ... {image}
It means the value of your h is low for your style of interpretation.... which on a 1M means you have to act quick. Your zones at the bottom were already triggered on the retest (smaller zone above the bigger zone) so you should have bought and then closed all of them when it hit the top. And sold there.

That's why I don't use 1M.... to fast to think.
A pip is only worth it if you know how much you risked to earn it
  • #6,300
  • Aug 20, 2014 4:00am Aug 20, 2014 4:00am
Quoting ephisi
IMO all timeframes from from 1minute to 4hrs have BB lower bands extended below the zero line. that means we will have a correction sometime. it might not be today aseurusdd said between today and friday. scalping longs and shorts right now. thats the way to go till we find a bottom. eurusdds system is still working for short trades if you have observed. ive taken close to 80 pips long and short. be creative. this is art
By the moment we have found our bottom, price is going to be reaching up.. Why look after the fact. Edit: look at gbpusd
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