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The similarity system

  • #6,621
  • Aug 21, 2014 6:09am Aug 21, 2014 6:09am
anyone taking the 15mins short signal?
  • #6,622
  • Aug 21, 2014 6:11am Aug 21, 2014 6:11am
Interesting..... could EURSDDD be right?
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If you fall, I shall be there. - The floor
  • #6,623
  • Aug 21, 2014 6:12am Aug 21, 2014 6:12am
Quoting hepsibah
{quote} It's got to be quite soon. The lowest TZ on my daily chart was taken out 2 days ago and has not been returned to. {image}
interesting. really interesting
  • #6,624
  • Aug 21, 2014 6:13am Aug 21, 2014 6:13am
Quoting vlady1974
{quote} This is where it found support. I went long at 3245. At first I thought the rub up was a Franky fake but London open has gone with it.
3 hours later this is comming back to fix problem.(i hope)
i see same problem or mis-print in 1minTF and 5M TF.let see if this comes true.
  • #6,625
  • Aug 21, 2014 6:22am Aug 21, 2014 6:22am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
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.
Sorry Hepsibah I don't fully understand what you are saying.

Surely trading with the trend is what we should be aiming for?
An expert is a man who has made all the mistakes which can be made
  • #6,626
  • Aug 21, 2014 6:26am Aug 21, 2014 6:26am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Neio
{quote} Sorry Hepsibah I don't fully understand what you are saying. Surely trading with the trend is what we should be aiming for?
I get it now....
An expert is a man who has made all the mistakes which can be made
  • #6,627
  • Aug 21, 2014 6:34am Aug 21, 2014 6:34am
Quoting Neio
{quote} Sorry Hepsibah I don't fully understand what you are saying. Surely trading with the trend is what we should be aiming for?
No worries, I'd hoped the example would help but I'm not good at explaining it. You will of course make money if you trade the pull back TZ's but I was just trying to say that you could make more if you traded in the direction of the mid bar TZ's as soon as they form because they give the direction of trend. The trend changes if either a previous mid bar TZ is taken out or a new mid bar TZ is formed in the opp direction. A mid bar TZ is formed when there is a gap between the LL on the lhs and the HH on the rhs (or vice versa).
  • #6,628
  • Aug 21, 2014 6:38am Aug 21, 2014 6:38am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting hepsibah
{quote} No worries, I'd hoped the example would help but I'm not good at explaining it. You will of course make money if you trade the pull back TZ's but I was just trying to say that you could make more if you traded in the direction of the mid bar TZ's as soon as they form because they give the direction of trend. The trend changes if either a previous mid bar TZ is taken out or a new mid bar TZ is formed in the opp direction. A mid bar TZ is formed when there is a gap between the LL on the lhs and the HH on the rhs (or vice versa).
No reason why you can't do both.
An expert is a man who has made all the mistakes which can be made
  • #6,629
  • Aug 21, 2014 6:39am Aug 21, 2014 6:39am
Quoting Neio
{quote} No reason why you can't do both.
That's what I was trying to say/show
  • #6,630
  • Aug 21, 2014 6:44am Aug 21, 2014 6:44am
Hepsibah,

If the Long trade taken in the picture will be result in a loss. What do you think?
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Pivot Boss in the making~
  • #6,631
  • Aug 21, 2014 6:45am Aug 21, 2014 6:45am
Daily needs a H>1.33106 to prevent a mid bar down TZ forming
  • #6,632
  • Aug 21, 2014 6:50am Aug 21, 2014 6:50am
Quoting jurn_e
Hepsibah, If the Long trade taken in the picture will be result in a loss. What do you think? {image}
As long as you don't have a low in the next 14 bars that is lower than the highest high of the 15 bars to the left, you will have a mid bar TZ up and therefore a short term trend up. The bigger the h used, the more robust the trend should be so you will probably be pretty good using an h of 15.
  • #6,633
  • Aug 21, 2014 7:05am Aug 21, 2014 7:05am
was a bit confused with applying eurussdds system to my own strategy. just used the last hour to refine my previous trading strategy appying eurusdds method to make it more effective. also wrote down new trading rules and those rules will be beside me for reference before every set up


i got a secret for those who are yet to get their euraka moment. use strategy tester on mt4 aplly the indis and back test. and keep back testing and paper trading 10pip stop until you see the light. and waaaaa your eureka moment will flash like a light bulb . come back to thank me later
  • #6,634
  • Aug 21, 2014 7:08am Aug 21, 2014 7:08am
ive been screen bound for the past 2 weeks little food little sleep, no shower lol, crazy. now im free

still short on the last 15mins setup 10pips stop
Quoting ephisi
was a bit confused with applying eurussdds system to my own strategy. just used the last hour to refine my previous trading strategy appying eurusdds method to make it more effective. also wrote down new trading rules and those rules will be beside me for reference before every set up i got a secret for those who are yet to get their euraka moment. use strategy tester on mt4 aplly the indis and back test. and keep back testing and paper trading 10pip stop until you see the light. and waaaaa your eureka moment will flash like a light bulb . come...
  • #6,635
  • Aug 21, 2014 7:12am Aug 21, 2014 7:12am
Quoting ephisi
ive been screen bound for the past 2 weeks little food little sleep, no shower lol, crazy. now im free still short on the last 15mins setup 10pips stop {quote}
What is that 15m setup you are talking about today may we see some screenshot of your setup?
  • #6,636
  • Aug 21, 2014 7:16am Aug 21, 2014 7:16am
Quoting feline207
{quote} What is that 15m setup you are talking about today may we see some screenshot of your setup?
ok let me try
  • #6,637
  • Aug 21, 2014 7:17am Aug 21, 2014 7:17am
Quoting ephisi
{quote} ok let me try
I have a short towards that level but it is not realted to TZ, at least i think it is not

Who thinks IJC will crash the london top
  • #6,638
  • Aug 21, 2014 7:18am Aug 21, 2014 7:18am
all problems fixed but the one at 1.32430-20 area.lets see
  • #6,639
  • Aug 21, 2014 7:19am Aug 21, 2014 7:19am
ephisi - there you go - told you daily open line would be a good target

excellent short trade - you're the man
  • #6,640
  • Aug 21, 2014 7:20am Aug 21, 2014 7:20am
@vlady1974 i wanna believe news is leaked again. price is news news is price. lets wait and see what happens in 10minutes. lol
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