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The similarity system

  • #6,861
  • Aug 22, 2014 9:56am Aug 22, 2014 9:56am
EURUSD IS CORRECTING PROBLEMS THAT HAPPENED IN 2013 LAST YEAR SHE WILL CORRECT SOME MORE BEFORE WE CORRECT 1.3344.
SWING TRADING MODE ACTIVATED
  • #6,862
  • Aug 22, 2014 9:59am Aug 22, 2014 9:59am
3211 is top of weekly demand. Its a strong level/zone...Don't expect too much (more drop).
  • #6,863
  • Aug 22, 2014 10:01am Aug 22, 2014 10:01am
I like the look of 1.32604 (that's not to say it may not fall farther in the meantime)
  • #6,864
  • Aug 22, 2014 10:04am Aug 22, 2014 10:04am
Quoting ephisi
{quote} its ok bro, i understand and accepth your explanation but the truth is this . the fact that he made one wrong call does not mean his method does not work. it works perfectly. the system works , the trader may make a mistake applying the system.common one loss isnt enuf to discard the system
in my opinion this transient/recurrent system is nothing more than a pivot trading system. if you trade pivots in a disciplined manner and you will get results as well.
I think people thinks is much more than it is
  • #6,865
  • Aug 22, 2014 10:05am Aug 22, 2014 10:05am
Quoting hepsibah
Quoting Alorente
{quote} I am using only transient zones on my chart now and have found a way to use them that identifies prices that will be returned to. In the main, the price will be returned to very quickly and these occur all the time on all timeframes and are great for scalping, although sometimes they retrace too quickly to cover the spread. There is a special setup however where price is unlikely to return to for some time, if at all, and it was one of these that I had marked at 1.32488. I don't trade those as a rule but I like to
...
Thanks for your pointers. I noticed you use an H value of 3, I assume you do not scalp on M1 charts. What do you normally use? M15 or higher? What do you use for your TP?

I am looking to use transient zones to complement my Extreme TMA system, which by itself is great, but I feel adding TZīs can make it better still.

Thanks again.
Observation is the path to discovery.
  • #6,866
  • Aug 22, 2014 10:05am Aug 22, 2014 10:05am
Quoting dragos_
{quote} in my opinion this transient/recurrent system is nothing more than a pivot trading system. if you trade pivots in a disciplined manner and you will get results as well
I agree. But must admit chart looks rather pretty :-)
If you fall, I shall be there. - The floor
  • #6,867
  • Aug 22, 2014 10:10am Aug 22, 2014 10:10am
Quoting dragos_
{quote} in my opinion this transient/recurrent system is nothing more than a pivot trading system. if you trade pivots in a disciplined manner and you will get results as well. I think people thinks is much more than it is
HMMN, I agree with you to an extext
  • #6,868
  • Aug 22, 2014 10:12am Aug 22, 2014 10:12am
Quoting dragos_
{quote} in my opinion this transient/recurrent system is nothing more than a pivot trading system. if you trade pivots in a disciplined manner and you will get results as well. I think people thinks is much more than it is
i tot u were a noob, apologies. he taught us more than just transient stuff
  • #6,869
  • Aug 22, 2014 10:29am Aug 22, 2014 10:29am
reentered short at 42 previous low. 20pips stop and holding as a swing trade
  • #6,870
  • Aug 22, 2014 10:29am Aug 22, 2014 10:29am
Quoting samaralala
{quote} I agree. But must admit chart looks rather pretty :-)
  • #6,871
  • Aug 22, 2014 10:35am Aug 22, 2014 10:35am
One more push down , then up
  • #6,872
  • Aug 22, 2014 10:38am Aug 22, 2014 10:38am
Quoting feline207
One more push down , then up
Hmmn , up but the up move will be limited. the trend is officially bear.
  • #6,873
  • Aug 22, 2014 10:44am Aug 22, 2014 10:44am
Quoting stevefx
3211 is top of weekly demand. Its a strong level/zone...Don't expect too much (more drop).
  • #6,874
  • Aug 22, 2014 10:45am Aug 22, 2014 10:45am
Quoting ephisi
{quote} Hmmn , up but the up move will be limited. the trend is officially bear.
What I meant is ine more push belo 1.3230 before anything significant happens to the upside.
  • #6,875
  • Aug 22, 2014 10:49am Aug 22, 2014 10:49am
Quoting feline207
One more push down , then up
Don't tell me you are still think it is going up? :-(
If you fall, I shall be there. - The floor
  • #6,876
  • Aug 22, 2014 10:50am Aug 22, 2014 10:50am
Quoting feline207
{quote} What I meant is ine more push belo 1.3230 before anything significant happens to the upside.
oh ok, got it now.
  • #6,877
  • Aug 22, 2014 10:55am Aug 22, 2014 10:55am
Quoting samaralala
{quote} Don't tell me you are still think it is going up? :-(
  • #6,878
  • Edited 11:11am Aug 22, 2014 11:00am | Edited 11:11am
Quoting ephisi
{quote}
Eurusdd's influence has made more damage to my account in the last 3 days than the entire little life i have had with Forex... I guess I really wanted to see if it could be possible...funny stuff... not funny

A lesson I shall never forget...You need these. SERIOUSLY all indicators say SELL-- The trend is your ONLY friend.. I want to cry

Markov Chin model is also very useful thank you.. :-)
If you fall, I shall be there. - The floor
  • #6,879
  • Aug 22, 2014 11:13am Aug 22, 2014 11:13am
Quoting samaralala
{quote} Eurusdd's influence has made more damage to my account in the last 3 days than the entire little life i have had with Forex... I guess I really wanted to see if it could be possible...funny stuff... not funny A lesson I shall never forget...You need these. SERIOUSLY all indicators say SELL-- The trend is your ONLY friend.. I want to cry Markov Chin model is also very useful thank you.. :-)
Sorry to hear that Samar, I hope your acc will recover soon.
  • #6,880
  • Aug 22, 2014 11:15am Aug 22, 2014 11:15am
Hello Guys,

Just having a quick look at USDJPY 4H in comparison to Daily.
I haven't actually seen the Yellen speech but regardless of these... the pause is.... interesting.

"USDollar" on the EURUSD thread has done a cool EW count which I am finding agreement with.
The 3200 option level may pose a barrier, so I do see a retracement is required.

Bank holiday for UK on Monday so I don't see any action until mid next week. Not unless Draghi says something absolutely spectacular... which I remember 2 years ago, he did and EU flew beyond the sky. Never say never.

I am now flat. USDJPY falling but EU steady.... something is waiting. Be prepared to react! LOL
A pip is only worth it if you know how much you risked to earn it
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