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The similarity system

  • #7,581
  • Sep 8, 2014 6:45am Sep 8, 2014 6:45am
Quoting josh11
{quote} Sold again at 54!
SMOOOOOOVV!
A pip is only worth it if you know how much you risked to earn it
  • #7,582
  • Sep 8, 2014 6:51am Sep 8, 2014 6:51am
Quoting vlady1974
{quote} SMOOOOOOVV!


DD of 0.3 pips lol....
  • #7,583
  • Sep 8, 2014 8:11am Sep 8, 2014 8:11am
Quoting josh11
{quote} Between 54 and 60 is the strong level! I think down from here
I hope some of you listen I told you and area which was very strong and it only 6 pips!!

  • #7,584
  • Sep 8, 2014 8:28am Sep 8, 2014 8:28am
Quoting josh11
{quote} I hope some of you listen I told you and area which was very strong and it only 6 pips!!
Indeed Josh. You and Ephisi have given precise or focused areas. I tend to be generalist... but we're all in the same ballpark.... and playing the same game (South Ball) so hopefully encouraged others to "think" in the similar angles.

We're all for independent thinking of course, but for those reading - I can tell you that each of us and a few others like LITEChild arrive at our views from different angles and views of the same principles. That should be encouraging for you!! If you're able to form your own opinion that is in sync with our direction of travel... .go with it! See where it ends up taking you... it could be your Eureka Moment!


BTW... Josh, I know you're into Gold ATM,... u also Long on Dollar?
A pip is only worth it if you know how much you risked to earn it
  • #7,585
  • Sep 8, 2014 8:35am Sep 8, 2014 8:35am
Quoting vlady1974
{quote} Indeed Josh. You and Ephisi have given precise or focused areas. I tend to be generalist... but we're all in the same ballpark.... and playing the same game (South Ball) so hopefully encouraged others to "think" in the similar angles. We're all for independent thinking of course, but for those reading - I can tell you that each of us and a few others like LITEChild arrive at our views from different angles and views of the same principles. That should be encouraging for you!! If you're able to form your own opinion that is in sync with our...
I am trading gold intraday and just closed as hit strong level for +60pips!

Will watch PA and see if this level gets reject for a long!

what I love about gold is most of my trades are less than 20 pips SL and returns are huge!

Best of luck
  • #7,586
  • Sep 8, 2014 8:36am Sep 8, 2014 8:36am
Quoting vlady1974
{quote} Indeed Josh. You and Ephisi have given precise or focused areas. I tend to be generalist... but we're all in the same ballpark.... and playing the same game (South Ball) so hopefully encouraged others to "think" in the similar angles. We're all for independent thinking of course, but for those reading - I can tell you that each of us and a few others like LITEChild arrive at our views from different angles and views of the same principles. That should be encouraging for you!! If you're able to form your own opinion that is in sync with our...
agree with you. but it seems theres something fundamentally similar in the foundations of our analysis.
  • #7,587
  • Sep 8, 2014 8:39am Sep 8, 2014 8:39am
15mins trendline finally gave way.
  • #7,588
  • Sep 8, 2014 8:46am Sep 8, 2014 8:46am
Quoting ephisi
{quote} agree with you. but it seems theres something fundamentally similar in the foundations of our analysis.
LOL.... trading with the trend is the first!

I think that we have incorporated "similarity" and TZ into our own styles so we are able to comfortably describe them without necessarily saying we do it in 3 easy steps. I know you have your nice scalping method. Josh has a few techniques and he coached me to discovering a good one on the 15M based on the "unlikely event" scenario.

The underlying fundamentals are that we are using "probability based stuff rather than an indicator telling us to get in or get out (ie. Trigger).
A pip is only worth it if you know how much you risked to earn it
  • #7,589
  • Sep 8, 2014 8:50am Sep 8, 2014 8:50am
Quoting vlady1974
{quote} LOL.... trading with the trend is the first! I think that we have incorporated "similarity" and TZ into our own styles so we are able to comfortably describe them without necessarily saying we do it in 3 easy steps. I know you have your nice scalping method. Josh has a few techniques and he coached me to discovering a good one on the 15M based on the "unlikely event" scenario. The underlying fundamentals are that we are using "probability based stuff rather than an indicator telling us to get in or get out (ie. Trigger).
trading wit the trend yea. you forgot support and resistance wit price action. dumped the scalping method. i got into that because of the way i saw eurusdd trading. trading with what im more comfortable doing. daytrade and swings. no scalps
  • #7,590
  • Sep 8, 2014 8:51am Sep 8, 2014 8:51am
Quoting josh11
{quote} Sold again at 54!
EU hahahahahahahaha

Now will you hold?
  • #7,591
  • Sep 8, 2014 8:53am Sep 8, 2014 8:53am
i no more use similarity. but TRZ are very usefull i use dem in conjunction with other things i watch
  • #7,592
  • Sep 8, 2014 8:53am Sep 8, 2014 8:53am
Quoting josh11
{quote} I hope some of you listen I told you and area which was very strong and it only 6 pips!!
Yes Josh ... i put a Sell 2 pips below your price. I though it could go higher, but ... you are right
  • #7,593
  • Sep 8, 2014 8:54am Sep 8, 2014 8:54am
Quoting josh11
{quote} EU hahahahahahahaha
Quoting ephisi
{quote} trading wit the trend yea. you forgot support and resistance wit price action. dumped the scalping method. i got into that because of the way i saw eurusdd trading. trading with what im more comfortable doing. daytrade and swings. no scalps


Love trendline breaks.... especially S/R lines.

I'm formulating a new trading goal for Oct. I guess it's the logical inverse of EU and that's to long USD.... not just FX but across a platform.... ETFs, Stocks, Euro-Stocks, etc. Just wondered if anyone was doing this in a more structured way, not just FX.
A pip is only worth it if you know how much you risked to earn it
  • #7,594
  • Sep 8, 2014 8:54am Sep 8, 2014 8:54am
Quoting josh11
{quote} EU hahahahahahahaha Now will you hold?
lol, confidence come when you have an edge. nice
  • #7,595
  • Sep 8, 2014 8:54am Sep 8, 2014 8:54am
Quoting tbird2121
{quote} Yes Josh ... i put a Sell 2 pips below your price. I though it could go higher, but ... you are right
Great now hold my friend and make $$$$
  • #7,596
  • Sep 8, 2014 8:56am Sep 8, 2014 8:56am
Quoting vlady1974
{quote} {quote} Love trendline breaks.... especially S/R lines. I'm formulating a new trading goal for Oct. I guess it's the logical inverse of EU and that's to long USD.... not just FX but across a platform.... ETFs, Stocks, Euro-Stocks, etc. Just wondered if anyone was doing this in a more structured way, not just FX.
i think thats what institutional traders do
  • #7,597
  • Sep 8, 2014 9:03am Sep 8, 2014 9:03am
Quoting tbird2121
{quote} Yes Josh ... i put a Sell 2 pips below your price. I though it could go higher, but ... you are right
Yes, definitely worth holding onto these. The cutting of rates is very significant. 1.39 to 1.34 still had room to move and psychologically 1.300 was the mental barrier to thinking that fundamentals could create a "black swan" event.

Now that has been shaken off... all the Monthly targets that weren't even in viewing contention are on everyone's radar. 1.2XXX is in 2009, 2010, 2012... major! And we're getting in at 1.2900+?? That's 900 pips x stake!!!

And let's not forget.... EURUSD is a pair. USD is very bullish.... hence my feelings on previous posts.
A pip is only worth it if you know how much you risked to earn it
  • #7,598
  • Sep 8, 2014 9:07am Sep 8, 2014 9:07am
Quoting vlady1974
{quote} LOL.... trading with the trend is the first! I think that we have incorporated "similarity" and TZ into our own styles so we are able to comfortably describe them without necessarily saying we do it in 3 easy steps. I know you have your nice scalping method. Josh has a few techniques and he coached me to discovering a good one on the 15M based on the "unlikely event" scenario. The underlying fundamentals are that we are using "probability based stuff rather than an indicator telling us to get in or get out (ie. Trigger).
I am playing with "DS" , TR/TZ, 3plan, ZZ-BB at the moment ... Thanks a lot to you all (it is a long list if i wrote all your names ) . You all have helped me much, i feel different now in style of trading. My heart does not pump 200x in a minute, i can trade more calm because i know where it will go (approximately, may be still 70-80% and counting ...). Without you all, i can not do that !!! Using all ideas given on the threads, i am trying to find how they can match each other to build a massive great system. Still need time, but i think it is not far. I feel so lucky that i read Eurusdd threads and meet you all ....
  • #7,599
  • Sep 8, 2014 9:08am Sep 8, 2014 9:08am
Quoting tbird2121
{quote} Yes Josh ... i put a Sell 2 pips below your price. I though it could go higher, but ... you are right
Your risk was 8 pips and I think your DD was like 3 pips.. now if you have your SL at BE you will have a free ride to possible a long way down

All the best
  • #7,600
  • Sep 8, 2014 9:09am Sep 8, 2014 9:09am
Quoting tbird2121
{quote} I am playing with "DS" , TR/TZ, 3plan, ZZ-BB at the moment ... Thanks a lot to you all (it is a long list if i wrote all your names ) . You all have helped me much, i feel different now in style of trading. My heart does not pump 200x in a minute, i can trade more calm because i know where it will go (approximately, may be still 70-80% and counting ...). Without you all, i can not do that !!! Using all ideas given on the threads, i am trying to find how they can match each other to build a massive great system. Still need time, but i...
I love this post.

TBIRD! Guess what!?!

YOU'RE A TRADER NOW!

Keep it simple, manageable, consistent. Live your life not your trades!
A pip is only worth it if you know how much you risked to earn it
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