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The similarity system

  • #6,601
  • Aug 21, 2014 5:18am Aug 21, 2014 5:18am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Neio
{quote} Unfortunately it is not mine to share....but the author of it reads this thread so it it is up to him if/when he wants to do so. As Eurusdd said you do not need the indicator anyway. It just helps to visualise it. I could actually trade this on the mobile version of MT4 as you only have to be able to count bars

In fact all you are really doing is selling the new highs of pullbacks to the trend.
An expert is a man who has made all the mistakes which can be made
  • #6,602
  • Aug 21, 2014 5:22am Aug 21, 2014 5:22am
Market trying to decide. us unemployment claims will decide where we go in few hours. EURUSD is indecisive right now

Quoting vlady1974
{quote} Bullish as well. The Asian session indicated as such, posting the low of 3242 before 3232. (LOL, I sound like GatorInLA) Driven by news, the return from 3242 to 3272 is just under the low (3274) of yesterday's first drop. To me this is the first Transient Zone that was breached in 8x1H bars and 13x1H bars. Any move through this zone, I expect to become a recurrent range before more higher lows.
  • #6,603
  • Aug 21, 2014 5:24am Aug 21, 2014 5:24am
Quoting Neio
{quote} Unfortunately it is not mine to share....but the author of it reads this thread so it it is up to him if/when he wants to do so. As Eurusdd said you do not need the indicator anyway. It just helps to visualise it. I could actually trade this on the mobile version of MT4 as you only have to be able to count bars
Great contribution Neio!
It's given me another idea on the possiblity of k.

Anyway, in an attempt to summarise your ideas (which are an excellent strategy):

a) Determine the trend : UP or DOWN. For this example, let's use DOWN to follow your chart
b) When a TZ forms, you can wait for a bounce and trade INTO/TOWARDS it in the direction of your chosen trend.
A pip is only worth it if you know how much you risked to earn it
  • #6,604
  • Aug 21, 2014 5:28am Aug 21, 2014 5:28am
Quoting vlady1974
{quote} Bullish as well. The Asian session indicated as such, posting the low of 3242 before 3232. (LOL, I sound like GatorInLA) Driven by news, the return from 3242 to 3272 is just under the low (3274) of yesterday's first drop. To me this is the first Transient Zone that was breached in 8x1H bars and 13x1H bars. Any move through this zone, I expect to become a recurrent range before more higher lows.
i share your toughts. 1.3377 is the key right now/ above there bull will charge. if 77 holds she will consolidate for a while before deciding where to go
  • #6,605
  • Aug 21, 2014 5:29am Aug 21, 2014 5:29am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting vlady1974
{quote} Great contribution Neio! It's given me another idea on the possiblity of k. Anyway, in an attempt to summarise your ideas (which are an excellent strategy): a) Determine the trend : UP or DOWN. For this example, let's use DOWN to follow your chart b) When a TZ forms, you can wait for a bounce and trade INTO/TOWARDS it in the direction of your chosen trend.

Yes that sumarises it well.
An expert is a man who has made all the mistakes which can be made
  • #6,606
  • Aug 21, 2014 5:29am Aug 21, 2014 5:29am
Quoting ephisi
Market trying to decide. us unemployment claims will decide where we go in few hours. EURUSD is indecisive right now {quote}
TZ 3261
TZ 3276

I'm scalped a few in between as well as from today's low. Currently a 2.5hr cycle from tz to tz on the 5M.
A pip is only worth it if you know how much you risked to earn it
  • #6,607
  • Aug 21, 2014 5:30am Aug 21, 2014 5:30am
Quoting ephisi
{quote} i share your toughts. 1.3377 is the key right now/ above there bull will charge. if 77 holds she will consolidate for a while before deciding where to go
I'm assuming you meant 3277
A pip is only worth it if you know how much you risked to earn it
  • #6,608
  • Aug 21, 2014 5:38am Aug 21, 2014 5:38am
i see what you see
Quoting vlady1974
{quote} TZ 3261 TZ 3276 I'm scalped a few in between as well as from today's low. Currently a 2.5hr cycle from tz to tz on the 5M.
  • #6,609
  • Aug 21, 2014 5:39am Aug 21, 2014 5:39am
Quoting Neio
{quote} Yes that sumarises it well.
Neio's post reminded me of the price action this morning on the 1M with FreeFox's indicator.
I am still not sure how to describe it but LiquidGenius' post has also described a part of it.

The potential tz as it constantly forms is where you need to practice the art of watching... and deciding.
Once the zone is printed and is in the past, it can only serve as a guide to where the price has been.

Remember that TIME is width and PRICE is length.
As price and time move towards the right, the box is constantly moving and changing. The area to the left is what has been confirmed. The area to the right is what is happening now. On a 1M this is erratic especially when there is news.

Because I don't normally trade off the 1M, I decided to watch this and I can see how Neio's chart is the way it is and how Liquid's description fits.
Once a Zone has printed to the left and the next price bar has moved away from it - that's when the opportunity presents itself.
A pip is only worth it if you know how much you risked to earn it
  • #6,610
  • Aug 21, 2014 5:42am Aug 21, 2014 5:42am
Quoting Neio
{quote} In fact all you are really doing is selling the new highs of pullbacks to the trend.
Yes, but by not trading the failures in the direction of the trend you are missing a lot of pips.

If the left hand h completes but the right hand side breaks the H/L, you have a failed top/bottom transient zone that will then create a mid bar transient zone, in the direction of the trend. So why not trade the break?

You don't need MA's or anything else on the chart because the mid bar TZ's show you the trend.
  • #6,611
  • Aug 21, 2014 5:43am Aug 21, 2014 5:43am
this is what i was talking about yesterday. its not safe to scalp long and short in a trend. but when you spot a tight range. thats golden opportunity to scalp

Quoting ephisi
i see what you see {quote}
  • #6,612
  • Aug 21, 2014 5:46am Aug 21, 2014 5:46am
oops
Quoting vlady1974
{quote} I'm assuming you meant 3277
  • #6,613
  • Aug 21, 2014 5:46am Aug 21, 2014 5:46am
Quoting hepsibah
{quote} Yes, but by not trading the failures in the direction of the trend you are missing a lot of pips. If the left hand h completes but the right hand side breaks the H/L, you have a failed top/bottom transient zone that will then create a mid bar transient zone, in the direction of the trend. So why not trade the break? You don't need MA's or anything else on the chart because the mid bar TZ's show you the trend.
aaah but this raises a good classic question: What is the trend?

Neio takes a macro approach (Daily) and applies it to lower tf
But within the fractal (4H, 1H, 15M, etc etc) are trends unique to that tf.

EDIT
When would you know there was a major top or bottom forming?
What direction would you trade if you knew there was a major top or bottom confirmed?
If a Low was confirmed on the 4H and 1H... and the Daily is down... would you still only trade down? Or would you always trend in either direction?

Don't have the answer - just asking questions :-)
A pip is only worth it if you know how much you risked to earn it
  • #6,614
  • Aug 21, 2014 5:51am Aug 21, 2014 5:51am
Let's go! I predict a big move
Attached Image
Not about how much you win, but how much you loose
  • #6,615
  • Aug 21, 2014 5:54am Aug 21, 2014 5:54am
Quoting Ullen
Let's go! I predict a big move {image}
There's no 2nd bottom CI... doesn't that mean the opposite?
Also what tf?
A pip is only worth it if you know how much you risked to earn it
  • #6,616
  • Aug 21, 2014 5:54am Aug 21, 2014 5:54am
Quoting vlady1974
{quote} aaah but this raises a good classic question: What is the trend? Neio takes a macro approach (Daily) and applies it to lower tf But within the fractal (4H, 1H, 15M, etc etc) are trends unique to that tf. EDIT When would you know there was a major top or bottom forming? What direction would you trade if you knew there was a major top or bottom confirmed? If a Low was confirmed on the 4H and 1H... and the Daily is down... would you still only trade down? Or would you always trend in either direction? Don't have the answer - just asking questions...

Here's an example.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30aug21.png Size: 27 KB
  • #6,617
  • Aug 21, 2014 5:56am Aug 21, 2014 5:56am
vlady makes an interesting point. I tend to trade the M15 chart and use 200 ema as a filter. But I also look at the trend on H1 and D1. In fact I have the 200 ema daily time frame showing on my M15 chart.
  • #6,618
  • Aug 21, 2014 5:58am Aug 21, 2014 5:58am
hepsibah - are you using an H value of 3 on all time frames ?
  • #6,619
  • Aug 21, 2014 6:00am Aug 21, 2014 6:00am
Quoting ephisi
anyone believe we may correct 1.3344 today? based on similarity analysis? looking like it to me
i believe it will happen but uptrend always take more time to develop actually i believe it will hit 1.3550 but first uptrend must confirm itself.
not today:|
  • #6,620
  • Aug 21, 2014 6:01am Aug 21, 2014 6:01am
Quoting vlady1974
{quote} There's no 2nd bottom CI... doesn't that mean the opposite? Also what tf?
I've always worked from the theory that structure leaves clues, and if we look for the same pattern, i found one just earlier today when price went up.

But i'm just a rookie, so no one should take my advice
Attached Image
Not about how much you win, but how much you loose
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