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The similarity system

  • #7,301
  • Aug 29, 2014 11:11am Aug 29, 2014 11:11am
Quoting samaralala
{quote} I agree with you, but it took months to see the light and many losses!!! Self-reflection does help. It is intuitive bits that kill you. Naturally we are more inclined to take profits quickly and ride the losers for longer. Once you trained your self to do the exact opposite you are almost there.
yes. and apply to this the power of leverage (advised ONLY to experienced)
waiting losers to turn around actually works most of the time because of the cyclic behavior of the market. But it is guaranteed that you will get at least one trade that will never look back until clears your account. so as you said reverse this way of thinking and build your strategy. and train your PATIENCE, because you will need a lot of it.
As Above, So Below
  • #7,302
  • Aug 29, 2014 11:29am Aug 29, 2014 11:29am
Quoting Eurusdd
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.
would you mind elaborating a little the highlighted words. i do not think anybody has such power.
As Above, So Below
  • #7,303
  • Edited 11:58am Aug 29, 2014 11:29am | Edited 11:58am
UK Threat level = HIGH. Just announced.

As I am not trading EUR until it consolidates somewhere...

In the meantime I think GBP/USD could go down to lower levels.

Looking at the monthly data GBP is flying higher than ideal.
If you fall, I shall be there. - The floor
  • #7,304
  • Aug 29, 2014 11:30am Aug 29, 2014 11:30am
Now I guess that didn't work. Price is below 1.3159
  • #7,305
  • Aug 29, 2014 11:33am Aug 29, 2014 11:33am
Once 1.31700 was hit move was rejected
  • #7,306
  • Aug 29, 2014 11:33am Aug 29, 2014 11:33am
Quoting Eurusdd
Now I guess that didn't work. Price is below 1.3159
Mate poo happens. Don't worry I think US news are not as pessimistic as they are here in the UK. I actually, understand that under the 'normal' conditions your calls would have most likely worked but other 'bits' of data need to be placed into the equation in order to make it even better.
If you fall, I shall be there. - The floor
  • #7,307
  • Aug 29, 2014 11:46am Aug 29, 2014 11:46am
two shorts on CADJPY (two small triangles). the correct -h- and almost right -k- values.
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As Above, So Below
  • #7,308
  • Aug 29, 2014 11:56am Aug 29, 2014 11:56am
Quoting samaralala
{quote} Did you write it?
Liquid Genius is the guy who wrote it.
  • #7,309
  • Aug 29, 2014 1:07pm Aug 29, 2014 1:07pm
Good weekend everyone - bed time.
If you fall, I shall be there. - The floor
  • #7,310
  • Aug 29, 2014 3:20pm Aug 29, 2014 3:20pm
Quoting Eurusdd
Now I guess that didn't work. Price is below 1.3159
Things happen sometimes. It does not matter. Still you are one of the best ....
We will be looking forward to get your view next week...
Have a good weekend...........
  • #7,311
  • Aug 29, 2014 10:13pm Aug 29, 2014 10:13pm
Quoting Eurusdd
{image}{image} Hello People: I don't know if I can call this a system but there is a deep-mathematical support for what you are about to read. I will not 'bore' you will a lot of things you already know and initially I opened a demo-account for the EXPLORER section but I may not have the time to trade it daily at this time. Therefore, I waNT all of you to have a basic idea of the principle underlying this thread. The demo-account(EXPLORER) EURUSDpips that I opened grew from $3,000 to $21,302 within 5 days before I closed it today! I also traded...
Hi,
My first post in this thread. Thanks Eurusdd, your result is great .....
Thanks to other people who contribute here too.
This is what i get so far, EU may be go up on Monday .... ???
Any correction is welcome ...

Thanks
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  • #7,312
  • Edited 10:46pm Aug 29, 2014 10:33pm | Edited 10:46pm
Hallo,

Thanks Eurusdd, nice system !! I have read all posts in this thread - as all of you has done, and trying to share what i got.
Do i have it right ? Will it bullish next week ?

Thank you.
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  • #7,313
  • Aug 30, 2014 4:57am Aug 30, 2014 4:57am
Read on another FF thread that GBPUSD has only traded down 3 months consecutively 4 times in the last 21 years.

Might be food for thought in terms of probabilities or maybe in terms of this system the odds are good enough.
  • #7,314
  • Edited 5:54am Aug 30, 2014 5:32am | Edited 5:54am
13120 has been a converged level ive been looking at this past week,if price trades below that level i would expect to see 13036 longer term comming into the frame,short term for me i will look at the average price across mutiple time periods and take my bias from there.

upwards pressure will take us to13269 and consolidate around that level,again this is from larger t/f so certainly not immediate,ill recalculate all the time periods and look for a converged zone,will post here

if we look at the consolidated area ,this was the lower levels from daily weekly and 4 hour,this area of convergence captures a multitude of diferent party interests,resulting in a period of agreement.this emphasizes the usefulness of potential levels from lead candles across mutiple t/frames.price ofcoarse will naturally go there.the more time periods that converge the greater the the expectation

the result of this is the range that develops in the consolidation the agreed value,this is were advantage can be taken trading the shorter time frame levels.
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  • #7,315
  • Aug 30, 2014 5:44am Aug 30, 2014 5:44am
How I trade probabilistically. This is important because a lot of people misunderstand why most of my contributions to trading are associated with probability.
When I say that my calculation gives 1.xxx 90% chance of occurring and 1.yyy 10% chance of occurring, THEREFORE, I call 1.xxx. It does not mean that 1.yyy can never happen. I am just trading rationally.
Of course, 10% events can happen and so as a trader you have to design your trading money-management blueprint in such a way that those rare events do not take you out of profit when they happen.
This is the most difficult part of sharing your thoughts with others. People usually do not see things the way you do. Furthermore, they may not have seen the many other times you got it right but just that 1 or 2 10% events.

Well, I am a little tired and really need a break. I believe I affected some people and they will gain from my time here. I am not hiding my true identity because there is nothing to hide.

I lost yesterday's trade on the first attempt but my loss was only 10pips!!!! Like I said, 1.31700 was the first number with probability below 50%. That is where I bought and took 15 pips when it when up. Then it came down again and I bought again, but this time it didn't go up as expected but one the 1min chart,a candle closed below 1.31700. I lost 10 pips then. But once it closed below 1.31700, I knew then that the 10% event was likely and so I sold! That is one way to trade probabilistically.
  • #7,316
  • Aug 30, 2014 5:52am Aug 30, 2014 5:52am
Quoting Eurusdd
How I trade probabilistically. This is important because a lot of people misunderstand why most of my contributions to trading are associated with probability. When I say that my calculation gives 1.xxx 90% chance of occurring and 1.yyy 10% chance of occurring, THEREFORE, I call 1.xxx. It does not mean that 1.yyy can never happen. I am just trading rationally. Of course, 10% events can happen and so as a trader you have to design your trading money-management blueprint in such a way that those rare events do not take you out of profit when they...
eurusdd, you give very reliable calls,
41 trades, and all successful !!!,
I agree that you rely on a probabilistic system.
There are events that, though with little probability of their occurrence, may happen.
It is the world of probability. Nothing is 100% secure.
  • #7,317
  • Aug 30, 2014 6:03am Aug 30, 2014 6:03am
Quoting Eurusdd
How I trade probabilistically. This is important because a lot of people misunderstand why most of my contributions to trading are associated with probability. When I say that my calculation gives 1.xxx 90% chance of occurring and 1.yyy 10% chance of occurring, THEREFORE, I call 1.xxx. It does not mean that 1.yyy can never happen. I am just trading rationally. Of course, 10% events can happen and so as a trader you have to design your trading money-management blueprint in such a way that those rare events do not take you out of profit when they...
exactly,you can not teach people that part.changing and adapting to evolving circumstance.hence thats why probability is the key .

regards
dice
  • #7,318
  • Aug 30, 2014 6:05am Aug 30, 2014 6:05am
uI knew
Quoting burnssss
{quote} eurusdd, you give very reliable calls, 41 trades, and all successful !!!, I agree that you rely on a probabilistic system. There are events that, though with little probability of their occurrence, may happen. It is the world of probability. Nothing is 100% secure.
If I knew burnsss I won't mind developing a system with him. The guy understands the nature of the game! Thank u
  • #7,319
  • Aug 30, 2014 6:22am Aug 30, 2014 6:22am
Congrats samaralala!!!
no
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w in the future, people should always watch the first number on the other side of the call. Like the case below!!
  • #7,320
  • Aug 30, 2014 8:01am Aug 30, 2014 8:01am
Quoting Eurusdd
How I trade probabilistically. This is important because a lot of people misunderstand why most of my contributions to trading are associated with probability. When I say that my calculation gives 1.xxx 90% chance of occurring and 1.yyy 10% chance of occurring, THEREFORE, I call 1.xxx. It does not mean that 1.yyy can never happen. I am just trading rationally. Of course, 10% events can happen and so as a trader you have to design your trading money-management blueprint in such a way that those rare events do not take you out of profit when they...
Well, you've certainly affected me, Eurusdd. I've been thinking of little else for the last two weeks!

Thanks again, and enjoy your break
You reap what you sow.
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