The similarity system | Page 318 | 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

  • #6,341
  • Aug 20, 2014 5:37am Aug 20, 2014 5:37am
Quoting Neio
... we seemed to have passed through multiple transient levels without any real strong reversal.
Assuming those transient levels match the real ones!!!
  • #6,342
  • Aug 20, 2014 5:38am Aug 20, 2014 5:38am
uwc

Quoting tbird2121
{quote} agree ... yes, i like scalping ... {quote} Thanks
  • #6,343
  • Aug 20, 2014 5:39am Aug 20, 2014 5:39am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Blackeagle
{quote} Assuming those transient levels match the real ones!!!

Well the h number on some time frames would need to be pretty big as price as not been down at these levels for a while.

So I don't see how they can't be.
An expert is a man who has made all the mistakes which can be made
  • #6,344
  • Aug 20, 2014 5:43am Aug 20, 2014 5:43am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Maybe we have to ignore transient levels that are below a certain size (height). May that is the k number.

If we ignored those ones then we would not try trading towards them.
An expert is a man who has made all the mistakes which can be made
  • #6,345
  • Aug 20, 2014 5:43am Aug 20, 2014 5:43am
LITEchild - what are you using on that chart a Raghee Horner channel ?
  • #6,346
  • Aug 20, 2014 5:44am Aug 20, 2014 5:44am
Quoting Neio
Not sure if anyone else is seeing the same but we seemed to have passed through multiple transient levels without any real strong reversal.
Yes, I agree. Then again, wait for the NY to kick in :-(
If you fall, I shall be there. - The floor
  • #6,347
  • Aug 20, 2014 5:46am Aug 20, 2014 5:46am
still searching for that bottom Tired of scalping
  • #6,348
  • Aug 20, 2014 5:49am Aug 20, 2014 5:49am
Top and Bottm picking can be a dangerous game. No need to find the very top or the very bottom - plenty in between.
  • #6,349
  • Aug 20, 2014 5:50am Aug 20, 2014 5:50am
Quoting handy148
LITEchild - what are you using on that chart a Raghee Horner channel ?
TMA channel.
  • #6,350
  • Aug 20, 2014 5:55am Aug 20, 2014 5:55am
Quoting ephisi
still searching for that bottom Tired of scalping
MAYBE this is it 1.3275:-)
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.GIF Size: 104 KB
If you fall, I shall be there. - The floor
  • #6,351
  • Aug 20, 2014 5:56am Aug 20, 2014 5:56am
@eurusdd
  • #6,352
  • Aug 20, 2014 5:56am Aug 20, 2014 5:56am
By what I was seeing that beast must have started shooting up long time ago.. Dont know how will I agonize before making radical decisions, but still i think 1.3315 at least must be hit before asia. If we don't see strong reversal at ny open, i will be seriously losing confidence.
very tough day today...
  • #6,353
  • Aug 20, 2014 5:58am Aug 20, 2014 5:58am
Thanks - I tested TMA a while back. Didn't continue with it because different pairs needed different settings. I presume you are using a proper Triangular Moving Average and not the so called TMA True which is just a 56 LWMA with an ATR band around it.
  • #6,354
  • Aug 20, 2014 5:59am Aug 20, 2014 5:59am
Quoting feline207
By what I was seeing that beast must have started shooting up long time ago.. Dont know how will I agonize before making radical decisions, but still i think 1.3315 at least must be hit before asia. If we don't see strong reversal at ny open, i will be seriously losing confidence. very tough day today...
If you want strong stuff, wait till FOMC That is strong most of the time.
Even if you fall on your face, you're still moving forward.
  • #6,355
  • Aug 20, 2014 6:01am Aug 20, 2014 6:01am
eurusdd has said many times - the faster it runs away, the faster it has to go back to close the door. Well the door is opened since asia session and cold wind is coming through. EURUSD once again has no mercy over the small fishes!
  • #6,356
  • Aug 20, 2014 6:04am Aug 20, 2014 6:04am
My observation. we just broke out of a crazy range of weeks i cant count. now the market is trending so you have to adapt the system. i remember @eurusd telling us he was only taking shorts because he was certain we were going down. i believe we have continuation of the bear trend. we could have correction back above 1.3300 any time. i am taking only shorts for now, few longs till i find that bottom

Quoting Neio
Not sure if anyone else is seeing the same but we seemed to have passed through multiple transient levels without any real strong reversal.
  • #6,357
  • Aug 20, 2014 6:06am Aug 20, 2014 6:06am
Quoting Robertk
Small short from 1.33010 here. Personally I think this can drop some further before a decent bounce happens.
Closed 1/2. Might spike some more downward before a good bounce.
  • #6,358
  • Aug 20, 2014 6:08am Aug 20, 2014 6:08am
My thoughts exactly. Only Red news reverses strong trends

Quoting Ralome
{quote} If you want strong stuff, wait till FOMC That is strong most of the time.
  • #6,359
  • Aug 20, 2014 6:08am Aug 20, 2014 6:08am
Yes Ralome - FOMC can move markets in a big way sometimes.
  • #6,360
  • Aug 20, 2014 6:10am Aug 20, 2014 6:10am
Quoting ephisi
My observation. we just broke out of a crazy range of weeks i cant count. now the market is trending so you have to adapt the system. i remember @eurusd telling us he was only taking shorts because he was certain we were going down. i believe we have continuation of the bear trend. we could have correction back above 1.3300 any time. i am taking only shorts for now, few longs till i find that bottom {quote}
I couldnt have said more. Every time a winning streak occurs people go hallelujah, until a transition into a different LTF trend occurs. This does not have to be bad, but one needs to adjust to the market at that time. That's why I wonder how eurusdd handled these last positions of him, in order to know if he has filters that neutralize/benefit trend changes.
8 traders viewing now