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The similarity system

  • #6,821
  • Aug 22, 2014 5:46am Aug 22, 2014 5:46am
I thank LiquidGenius and kprsa for explanations!
  • #6,822
  • Aug 22, 2014 5:51am Aug 22, 2014 5:51am
Quoting ephisi
see ya all later, need to focus on grabbing pips. pips
ars be careful, bulls are cooking something, above 75 we will see what bulls are cooking
  • #6,823
  • Aug 22, 2014 6:04am Aug 22, 2014 6:04am
HH expected above 1.32816
  • #6,824
  • Aug 22, 2014 6:10am Aug 22, 2014 6:10am
Quoting hepsibah
HH expected above 1.32816
possible
  • #6,825
  • Aug 22, 2014 6:21am Aug 22, 2014 6:21am
Quoting ephisi
{quote} possible
It should definitely go to 1.32816 today, probably fairly soon. However, there is a longer term problem lurking at 1.32488 so there is a chance it might take that out first. This could be a good place to open a hedge.
  • #6,826
  • Edited 6:55am Aug 22, 2014 6:45am | Edited 6:55am
Quoting hepsibah
{quote} It should definitely go to 1.32816 today, probably fairly soon. However, there is a longer term problem lurking at 1.32488 so there is a chance it might take that out first. This could be a good place to open a hedge.

waiting for jennet yellen between weekly pivot daily pivot and monthly pivot. tight range. the next move will be based on yellen and draghi moments. im routing for them taking euro up. yellen dovish draghi dovish. yellen speaks before draghi so up then down
  • #6,827
  • Aug 22, 2014 6:58am Aug 22, 2014 6:58am
Quoting ephisi
{quote} waiting for jennet yellen between weekly pivot daily pivot and monthly pivot. tight range. the next move will be based on yellen and draghi moments. im routing for them taking euro up. yellen dovish draghi. yellen speaks before draghi so up then down

Fair enough. I'm just trading TZ's. Can't pretend to know the whole story and I'm pretty sure I haven't seen the same thing as you but it seems to be very reliable. This morning has been extremely profitable.

There is an unusual situation at the moment so maybe it does want to take out 1.32488 first. Consecutive TZ's in the same direction are relatively rare - but they give huge profit potential
  • #6,828
  • Aug 22, 2014 7:05am Aug 22, 2014 7:05am
Quoting hepsibah
{quote} Fair enough. I'm just trading TZ's. Can't pretend to know the whole story and I'm pretty sure I haven't seen the same thing as you but it seems to be very reliable. This morning has been extremely profitable. There is an unusual situation at the moment so maybe it does want to take out 1.32488 first. Consecutive TZ's in the same direction are relatively rare - but they give huge profit potential
What do u mean by consecutive TZ in the same direction?
Pivot Boss in the making~
  • #6,829
  • Aug 22, 2014 7:06am Aug 22, 2014 7:06am
Quoting jurn_e
{quote} What do u mean by consecutive TZ in the same direction?
Two low TZ's without an intervening high TZ or vice versa.
  • #6,830
  • Aug 22, 2014 7:08am Aug 22, 2014 7:08am
Down then up, that must be it
There is still room below
  • #6,831
  • Aug 22, 2014 7:09am Aug 22, 2014 7:09am
as i said it's reaching to 1.3250
  • #6,832
  • Aug 22, 2014 7:11am Aug 22, 2014 7:11am
Quoting hepsibah
{quote} Two low TZ's without an intervening high TZ or vice versa.
Can you show a screenshot please?
Pivot Boss in the making~
  • #6,833
  • Aug 22, 2014 7:19am Aug 22, 2014 7:19am
Entered long to early.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-08-22_2016.png Size: 31 KB
Pivot Boss in the making~
  • #6,834
  • Aug 22, 2014 7:32am Aug 22, 2014 7:32am
Ephisi - It is a live account.... have learnt a little about S & R but don't know anything about Elliot waves so that's about to change thanks : )
Vlady - Thanks for your perspective and recommended reading I will be reading up this weekend..... you are right I am finding emotion is part of this and something I need to master...I haven't changed any trades based on emotion but have to admit I end up feeling stressed when they are going in the wrong direction...

Sorry for the delayed response I've got a 5yr old little boy had to go and fetch him from school
  • #6,835
  • Aug 22, 2014 7:55am Aug 22, 2014 7:55am
Vlady - Trading in the Zone by Mark Douglas?
  • #6,836
  • Aug 22, 2014 8:23am Aug 22, 2014 8:23am
Quoting hepsibah
{quote} Fair enough. I'm just trading TZ's. Can't pretend to know the whole story and I'm pretty sure I haven't seen the same thing as you but it seems to be very reliable. This morning has been extremely profitable. There is an unusual situation at the moment so maybe it does want to take out 1.32488 first. Consecutive TZ's in the same direction are relatively rare - but they give huge profit potential
keep practising and with time you will see
  • #6,837
  • Aug 22, 2014 8:24am Aug 22, 2014 8:24am
Quoting TessiaFx
Ephisi - It is a live account.... have learnt a little about S & R but don't know anything about Elliot waves so that's about to change thanks : ) Vlady - Thanks for your perspective and recommended reading I will be reading up this weekend..... you are right I am finding emotion is part of this and something I need to master...I haven't changed any trades based on emotion but have to admit I end up feeling stressed when they are going in the wrong direction... Sorry for the delayed response I've got a 5yr old little boy had to go and fetch him...
ok, if its a live account pls be careful. you dont wanna hear our stories in here. you should be be very careful.
  • #6,838
  • Aug 22, 2014 8:25am Aug 22, 2014 8:25am
Quoting TessiaFx
Vlady - Trading in the Zone by Mark Douglas?
that book changed my life
  • #6,839
  • Aug 22, 2014 8:26am Aug 22, 2014 8:26am
Quoting TessiaFx
Vlady - Trading in the Zone by Mark Douglas?
That's the one!

It's no longer a secret and it seems different when you read it because you're detached... but when you really do the thinking that he asks you to - if you are the kind of trader he is describing, then you'll know exactly what he's talking about. You just said it yourself about how it feels when it goes against you.

Warning: it's not a trading strategy book.

But it's so valuable in setting up the "way to think about the market and your role in it".
Once you get this, then Eurusdd's material will become like mana from heaven.
A pip is only worth it if you know how much you risked to earn it
  • #6,840
  • Aug 22, 2014 8:28am Aug 22, 2014 8:28am
Quoting feline207
Down then up, that must be it There is still room below
you got that right. thumbs up
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