The similarity system | Page 337 | 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

  • #6,721
  • Aug 22, 2014 12:02am Aug 22, 2014 12:02am
1hr long signal setting up
  • #6,722
  • Aug 22, 2014 12:27am Aug 22, 2014 12:27am
Quoting ephisi
1hr long signal setting up
Fakish
  • #6,723
  • Aug 22, 2014 12:48am Aug 22, 2014 12:48am
Only a 20 pip range for the last 5 hours or so but it is steadily rising at the moment.
  • #6,724
  • Aug 22, 2014 12:50am Aug 22, 2014 12:50am
1.3298 next area of challenge
  • #6,725
  • Aug 22, 2014 12:52am Aug 22, 2014 12:52am
Quoting vlady1974
Note the difference between the 5M and the 1M If you simply looked at the 5M, you could be mistaken for thinking the pin/tail was transient. But if you look at the 1M where 5x1M bars.... you will see that it is in fact recurrent on the 1M timeframe. So in theory.... almost all prices are recurrant. When are they really transient? EDIT: 3288.5 is the only transient price on the 1M currently.... until it becomes recurrant. {image} {image}
Hi Vlady,
The price is sometimes not same between brokers in M1. Is it better for us to do cross broker to get TZ ?
Thanks
Good friends are more valuable than gold ...
  • #6,726
  • Aug 22, 2014 1:07am Aug 22, 2014 1:07am
PROBABILITIES GOING FORWARD

1.3344= 0.55

1.3315= 0.62

1.3303= 0.70

1.3290 = 1

1.3270= 0.40

1.3252= 0.30

There for i call Long on EU , probabilities will be updated as d day goes on

PS dis is not a trade call, i am experimenting with probabilities
  • #6,727
  • Aug 22, 2014 1:08am Aug 22, 2014 1:08am
Quoting handy148
Only a 20 pip range for the last 5 hours or so but it is steadily rising at the moment.
yea thats asia for you, it was waiting for europe open
  • #6,728
  • Aug 22, 2014 1:16am Aug 22, 2014 1:16am
For the moment anyway you have the Currency Strength Meter supporting your long.
  • #6,729
  • Aug 22, 2014 1:19am Aug 22, 2014 1:19am
Quoting ephisi
probabilities going forward 1.3344= 0.55 1.3315= 0.62 1.3303= 0.70 1.3290 = 1 1.3270= 0.40 1.3252= 0.30 there for i call long on eu , probabilities will be updated as d day goes on ps dis is not a trade call, i am experimenting with probabilities
first take profit opportunity approaching
  • #6,730
  • Aug 22, 2014 1:19am Aug 22, 2014 1:19am
Quoting handy148
For the moment anyway you have the Currency Strength Meter supporting your long.
Thanks bro, as slowly as she creep-ed away fro 1.3344 she will slowly creep back to 1.3344 hopefully before yellen and draghi speak. This two will really move the market today
  • #6,731
  • Aug 22, 2014 1:24am Aug 22, 2014 1:24am
That was a less than 2pip draw down call
  • #6,732
  • Aug 22, 2014 1:28am Aug 22, 2014 1:28am
Quoting Sciurus
{quote} Most major banks are international and have offices in Asia, etc, and this work around the clock. Here is what ex-delaer FTI (by the way, he has a very long and often esoteric thread, but worth the browse) has to say on the subject: "Hi semar, Like I said no question is silly. don't worry. About daylight, Being tier 1, my dealing room operates round the clock. I had 3 shift of dealers, the number of dealers are biggest on sg time. the number of dealers are smaller on london During london morning , both my sg dealers and london dealer team...
Thank you for this. It only makes me think that my theory holds on a general level and there would be variances due to operational or tactical reasons throughout the year.

I'm not in the finance industry but I do work for a global company. The international controller does watch fx movements but ultimately has to move money by a certain time. He coordinates with the New York controller.

Trades that require strategic positioning for a house (ie Goldmans etc) will therefore originate somewhere for some reason.... Then filters through daylight. They are not separate independent teams.
A pip is only worth it if you know how much you risked to earn it
  • #6,733
  • Aug 22, 2014 1:32am Aug 22, 2014 1:32am
Quoting ephisi
That was a less than 2pip draw down call
good job
Pivot Boss in the making~
  • #6,734
  • Aug 22, 2014 1:33am Aug 22, 2014 1:33am
Quoting pedma
{quote} Hi Vlady, The price is sometimes not same between brokers in M1. Is it better for us to do cross broker to get TZ ? Thanks
Hi Pedma,
i don't think it would matter for TZ calculations on the 1M. But certainly for calculating Similarity.
its just too fast on TZ, I literally saw boxes disappear and reappear yesterday.... How to make decisions on that?! Too fast for me.
A pip is only worth it if you know how much you risked to earn it
  • #6,735
  • Aug 22, 2014 1:34am Aug 22, 2014 1:34am
Quoting ephisi
PROBABILITIES GOING FORWARD 1.3344= 0.55 1.3315= 0.62 1.3303= 0.70 1.3290 = 1 1.3270= 0.40 1.3252= 0.30 There for i call Long on EU , probabilities will be updated as d day goes on PS dis is not a trade call, i am experimenting with probabilities
Im all in from 3270.
a 100 pip day is not out of the question.
A pip is only worth it if you know how much you risked to earn it
  • #6,736
  • Aug 22, 2014 1:37am Aug 22, 2014 1:37am
Quoting jurn_e
{quote} good job
tnx
  • #6,737
  • Aug 22, 2014 1:38am Aug 22, 2014 1:38am
Quoting vlady1974
{quote} Im all in from 3270. a 100 pip day is not out of the question.
Definitely
  • #6,738
  • Aug 22, 2014 1:38am Aug 22, 2014 1:38am
Quoting vlady1974
{quote} Hi Pedma, i don't think it would matter for TZ calculations on the 1M. But certainly for calculating Similarity. its just too fast on TZ, I literally saw boxes disappear and reappear yesterday.... How to make decisions on that?! Too fast for me.
OK, thanks Vlady
Good friends are more valuable than gold ...
  • #6,739
  • Aug 22, 2014 1:39am Aug 22, 2014 1:39am
Asian low was 3273
Giving an allowance of -30 pips, I don't think we will be revisiting this price.
i have my stops at 3270 so if it spikes down, depending on where we are later, I can see Eurusdd's target being reached.
3333 is probably the area we will consolidate at before news. Halfway between 3280 and 3380.
A pip is only worth it if you know how much you risked to earn it
  • #6,740
  • Aug 22, 2014 1:42am Aug 22, 2014 1:42am
Quoting ephisi
{quote} yea thats asia for you, it was waiting for europe open
Ah, but on the 15M look how Asia took down price early to get that low....classic bull move.
So even though it's small ranges, it's a magnified view of what's to come. I don't think they wait for London.... They tell London, this is what we did.... Do your thing.
A pip is only worth it if you know how much you risked to earn it
3 traders viewing now