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The similarity system

  • #7,241
  • Aug 29, 2014 5:20am Aug 29, 2014 5:20am
I went long at 85 about an hour ago. Crap entry but I missed my ideal entry at 65 due to work (and forgot to transmit my pending order ). Reason now is that huge TZ on M15. If that TZ doesn't get filled then this baby is going down big time!
You reap what you sow.
  • #7,242
  • Aug 29, 2014 5:42am Aug 29, 2014 5:42am
Eurusd, thank you for answering my question, I admire your work very much. I don't know if any of you guys uses Teletrader pro, but if you do I have done some coding regarding to the use of similarity system (when you use similarity of the price and stoch). However I can't post my indicator, but if you are interested PM me and I will send you the code..
  • #7,243
  • Aug 29, 2014 5:58am Aug 29, 2014 5:58am
Quoting vlady1974
{quote} I took mine out for +12 when it hesitated around 3180-3185. I have a feeling it will try for 3199 UJ about to pop upwards as well. So not sure if I should enter now or wait for that ultimate retrace. LOL Got a meeting at 11am as well.... grrr
Put in a pending short @ 3195 before going into my meeting. Just came out to see it triggered. Stops to BE.
Didn't make 3199, so interesting "double top" LOL
A pip is only worth it if you know how much you risked to earn it
  • #7,244
  • Aug 29, 2014 6:15am Aug 29, 2014 6:15am
Quoting NorthTrader
I went long at 85 about an hour ago. Crap entry but I missed my ideal entry at 65 due to work (and forgot to transmit my pending order ). Reason now is that huge TZ on M15. If that TZ doesn't get filled then this baby is going down big time!
YES a big time down to 1.3160
  • #7,245
  • Aug 29, 2014 6:29am Aug 29, 2014 6:29am
Quoting Forexcube
{quote} You can it compile with the MetaEditor (F7). FXcube
Hi,

I tried to compile, but it gave errors and warnings. "SetLevelValue - Declaration without type" and it is not compiling and hence no .ex4 file is produced. If you could please attach the .ex4 files, very much appreicated.

Thanks
  • #7,246
  • Aug 29, 2014 6:31am Aug 29, 2014 6:31am
This point most people will never believe because it is counter-intuitive.

Price move news/fundamentals and not the other way round.
The news that will be released tomorrow is based on the current price and the sequence of prices before the release. The nature of news releases are designed to have a particular impact on price. Most of this effect is measurable and successful. So, Technical analysis can give you a lead into the kind of news release you should expect!!!

The data is KING!!!
  • #7,247
  • Aug 29, 2014 6:40am Aug 29, 2014 6:40am
For example: if certain powers that be, after studying the history of price, believe that the current price/trend is not desirable; they will set into motion certain events that will lead to a particular news outcome, which they hope will set price/trend in the right direction.
These guys have mastered this art of market mechanics.

So, it is the price which is king.

I have never really looked at economic calendars because I know the secret is not there. The secret is in the price action dynamics.
  • #7,248
  • Aug 29, 2014 6:41am Aug 29, 2014 6:41am
Quoting Eurusdd
This point most people will never believe because it is counter-intuitive. Price move news/fundamentals and not the other way round. The news that will be released tomorrow is based on the current price and the sequence of prices before the release. The nature of news releases are designed to have a particular impact on price. Most of this effect is measurable and successful. So, Technical analysis can give you a lead into the kind of news release you should expect!!! The data is KING!!!
It actually makes sense.. probably ''the best of the best'' will react on the news earlier (have information earlier or other knowledge of it), that's why they are the best. Usually those guys control the biggest amounts of money, so they kinda show the news to the rest of use before it happens so the movement will occur prior to the news.. Is that what you are saying?
  • #7,249
  • Aug 29, 2014 6:53am Aug 29, 2014 6:53am
Plzzz, I am not against fundamentalists or Economists. I have a degree in Economics and I know that no trader will ever place a trade(manually) without looking at least one step back into price history, unless the trade is meant to hedge a position or meaningless!!!

That should tell you that history matters. DONE!
  • #7,250
  • Aug 29, 2014 6:58am Aug 29, 2014 6:58am
Yesterday, I said 1.31765 is supposed to act as a sling..... So, watch 1.32155 again. With 1.31765 as center of gravity, we could sling our way to 1.32155. Processing probabilities now
  • #7,251
  • Aug 29, 2014 7:01am Aug 29, 2014 7:01am
Quoting Eurusdd
Plzzz, I am not against fundamentalists or Economists. I have a degree in Economics and I know that no trader will ever place a trade(manually) without looking at least one step back into price history, unless the trade is meant to hedge a position or meaningless!!! That should tell you that history matters. DONE!
Selling @ 1.31960 going to 1.31760
If you fall, I shall be there. - The floor
  • #7,252
  • Edited 7:29am Aug 29, 2014 7:01am | Edited 7:29am
Quoting sspremj
{quote} Hi, I tried to compile, but it gave errors and warnings. "SetLevelValue - Declaration without type" and it is not compiling and hence no .ex4 file is produced. If you could please attach the .ex4 files, very much appreicated. Thanks
The attached versions compile with no problems.
Attached File(s)
File Type: mq4 r-v1.mq4   21 KB | 877 downloads
File Type: mq4 r-v2.mq4   21 KB | 976 downloads
  • #7,253
  • Aug 29, 2014 7:13am Aug 29, 2014 7:13am
Price movement and closing probabilities going forward.!!!

>1.32300 = 0.60

>1.32155 = 0.80

=1.31870= 1.00

<1.31700 = 0.30

<1.31590 = 0.10

What do these numbers mean?
At the time the numbers were calculated the current price always has probability 1. To have an idea of where price will go, One has to look at other price levels above or below the current one. It is clear that price levels above 1.31870 have higher probabilities. Therefore, I will call UP for EURUSD with main target 1.32155+.
  • #7,254
  • Aug 29, 2014 7:16am Aug 29, 2014 7:16am
If you right drinks are on me :-)
If you fall, I shall be there. - The floor
  • #7,255
  • Aug 29, 2014 7:27am Aug 29, 2014 7:27am
Quoting Eurusdd
Price movement and closing probabilities going forward.!!! >1.32300 = 0.60 >1.32155 = 0.80 =1.31870= 1.00 <1.31700 = 0.30 <1.31590 = 0.10 What do these numbers mean? At the time the numbers were calculated the current price always has probability 1. To have an idea of where price will go, One has to look at other price levels above or below the current one. It is clear that price levels above 1.31870 have higher probabilities. Therefore, I will call UP for EURUSD with main target 1.32155+.

Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime..
  • #7,256
  • Aug 29, 2014 7:34am Aug 29, 2014 7:34am
Quoting samaralala
If you right drinks are on me :-)
My drink will cost you $100. Please wire that money to me within the next 12 hrs!!! You can start the processing now.

Whatever news will be released for the USA today will most likely be NEGATIVE in order to support these probabilities.
  • #7,257
  • Aug 29, 2014 7:38am Aug 29, 2014 7:38am
Quoting beachloup
{quote} Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime..
Only a lazy man wants free-lunch when others have gone through 350 pages of stress!!
  • #7,258
  • Aug 29, 2014 7:41am Aug 29, 2014 7:41am
Quoting Eurusdd
{quote} Only a lazy man wants free-lunch when others have gone through 350 pages of stress!!
I think your are underestimating the stress you are causing some of us behind the scenes...
  • #7,259
  • Aug 29, 2014 7:45am Aug 29, 2014 7:45am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Eurusdd
Price movement and closing probabilities going forward.!!! >1.32300 = 0.60 >1.32155 = 0.80 =1.31870= 1.00 <1.31700 = 0.30 <1.31590 = 0.10 What do these numbers mean? At the time the numbers were calculated the current price always has probability 1. To have an idea of where price will go, One has to look at other price levels above or below the current one. It is clear that price levels above 1.31870 have higher probabilities. Therefore, I will call UP for EURUSD with main target 1.32155+.
Hi Eurusdd,

Are those price levels determined by concepts that you have shown in this thread or are they part of your other systems that won't be revealed?

Regards

Neio
An expert is a man who has made all the mistakes which can be made
  • #7,260
  • Aug 29, 2014 7:48am Aug 29, 2014 7:48am
Quoting Forex-test
{quote} The attached versions compile with no problems. {file} {file}

Thank you very much. They work.
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