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The similarity system

  • #7,701
  • Sep 9, 2014 10:42am Sep 9, 2014 10:42am
Quoting ephisi
{quote}playing out as i expected. Now watching price action to see if we will break 1.292 if not i will short
Indeed mate! Just got back to this and my new shorts are all stopped out. LOL
Good thing all at BE.

Edit: Short from 2914, stops to BE.
A pip is only worth it if you know how much you risked to earn it
  • #7,702
  • Sep 9, 2014 10:46am Sep 9, 2014 10:46am
is there a summary for this method
  • #7,703
  • Sep 9, 2014 10:50am Sep 9, 2014 10:50am
My opinion-Weekly trend line @1.2900 area .so i am expecting some choppy retrace towards 1.2960 .Four hr middle BB support the move.
unlearning is difficult than learning-that is the key!!
  • #7,704
  • Sep 9, 2014 11:05am Sep 9, 2014 11:05am
Quoting 3ammary
is there a summary for this method
In theory, Price is meant to be the same across all charts on all brokers.
You can take any stochastic process (ie. Indicator) and imitate Price. This should also be the same as price.

When a difference is spotted, trading opportunities appear.
These opportunities will typically be found in price ranges that have a 9 out 10 chance of being returned to. These are Recurrent Prices
There are ways to identify the prices that have 1/10 chance of being returned to. These are Transient Prices

You typically trade away from Transient Prices towards Recurrent Prices.
You typically have Dissimilarity Zones created by certain price bars. The prices on these bars create S/R effects on price action until price completely passes through that price range.

You can apply these concepts to any indicator or technique.
How you apply these concepts is up to you.
A pip is only worth it if you know how much you risked to earn it
  • #7,705
  • Sep 9, 2014 11:13am Sep 9, 2014 11:13am
Quoting vlady1974
{quote} Indeed mate! Just got back to this and my new shorts are all stopped out. LOL Good thing all at BE. Edit: Short from 2914, stops to BE.
Hope u took Gold
  • #7,706
  • Sep 9, 2014 11:15am Sep 9, 2014 11:15am
Quoting josh11
{quote} Hope u took Gold
Mate, I am kicking myself. Congrats mate. That setup was a dream! 100 pippage. You're buying drinks!
My fundamentals were all alerting me, but these are new markets... so I was shy like a virgin at a high school dance
A pip is only worth it if you know how much you risked to earn it
  • #7,707
  • Edited 11:48am Sep 9, 2014 11:17am | Edited 11:48am
Quoting ephisi
{quote}playing out as i expected. Now watching price action to see if we will break 1.292 if not i will short
That 12920 call was great I added there too

Out at BE with that one but still have two shorts I am holding

We are at 61.8 fib of last move down lets see if it continues!
  • #7,708
  • Sep 9, 2014 11:48am Sep 9, 2014 11:48am
Quoting ephisi
{quote}playing out as i expected. Now watching price action to see if we will break 1.292 if not i will short
Sold at 1.2925 stop 20pips!
  • #7,709
  • Sep 9, 2014 11:49am Sep 9, 2014 11:49am
Quoting ephisi
{quote} Sold at 1.2925 stop 20pips!
Wow that's tight! In at 2922

Dollar is kicking ass all over the place... which added impetus to the gold short (high 5, Josh).
I'm peeved my Sterling shorts got stopped out as they were well in the money but that's FX, eh.
A pip is only worth it if you know how much you risked to earn it
  • #7,710
  • Sep 9, 2014 11:50am Sep 9, 2014 11:50am
Quoting josh11
{quote} That 12920 call was great I added there too Out at BE with that one but still have two shorts I am holding We are at 61.8 fib of last move down lets see if it continues!
Thanks mate. Patience. Had to wait for it to come to my level. No need to rush in
  • #7,711
  • Sep 9, 2014 11:53am Sep 9, 2014 11:53am
Quoting ephisi
{quote} Thanks mate. Patience. Had to wait for it to come to my level. No need to rush in
Looks like the TZ on the 5M is 2927.3 to 2923.7
A pip is only worth it if you know how much you risked to earn it
  • #7,712
  • Sep 9, 2014 12:14pm Sep 9, 2014 12:14pm
Quoting vlady1974
{quote} Wow that's tight! In at 2922 Dollar is kicking ass all over the place... which added impetus to the gold short (high 5, Josh). I'm peeved my Sterling shorts got stopped out as they were well in the money but that's FX, eh.
Great mate. We may hang around 1.2920 for some time. I believe we will not close above 1.2928 in the next 4hrs. im done trading for today.
I have been tempted to look at gold , crudeoil, and other fx pairs. But i have this believe that different pairs have peculiar behaviors. What works on eurusd may fail on gold. Dont know. Thats why i specialize in eurusd. This way i can attain mastery. I believe it has many opportunities daytrading and swingtrading. When theres no set up i preferto take a break. Very much needed breaks from dis crazy jungle
  • #7,713
  • Sep 9, 2014 2:12pm Sep 9, 2014 2:12pm
Hey ephisi - that 1.2920 was a great call.
  • #7,714
  • Sep 9, 2014 2:15pm Sep 9, 2014 2:15pm
Quoting handy148
Hey ephisi - that 1.2920 was a great call.
Thanks mate.
  • #7,715
  • Sep 9, 2014 2:48pm Sep 9, 2014 2:48pm
Stopped out! Bulls stronger than expected. Will see what tomorrow has to offer.
  • #7,716
  • Sep 9, 2014 4:43pm Sep 9, 2014 4:43pm
THANKS VLADY1974
  • #7,717
  • Edited 7:00pm Sep 9, 2014 6:07pm | Edited 7:00pm
Oh ... it eats my SL. But it is still ok. Some orders were profit, some loss about 10 pips (some loss are more, this is my fault). Today is still a calm day, may be tomorrow it will sink again, depend on today .... if the direction is up / side way today, i am sure it will down tomorrow.

Edit:
IF it touch 1.2970 and close below it, i would sell at that point, with TP = 1.2917.
ELSE if it did not touch 1.2970, but goes down an touch 1.2917, i will sell from 1.2915 with TP 1.2885.
  • #7,718
  • Sep 9, 2014 7:05pm Sep 9, 2014 7:05pm
Quoting cielo55588
Oh ... it eats my SL. But it is still ok. Some orders were profit, some loss about 10 pips (some loss are more, this is my fault). Today is still a calm day, may be tomorrow it will sink again, depend on today .... if the direction is up / side way today, i am sure it will down tomorrow. Edit: IF it touch 1.2970 and close below it, i would sell at that point, with TP = 1.2917. ELSE if it did not touch 1.2970, but goes down an touch 1.2917, i will sell from 1.2915 with TP 1.2885.
Do not worry as long as you put SL mate, and there is always opportunity in the market, tomorrow will be better
I like your zone mate ...
  • #7,719
  • Sep 9, 2014 8:51pm Sep 9, 2014 8:51pm
Quoting probabilita
{quote} Do not worry as long as you put SL mate, and there is always opportunity in the market, tomorrow will be better I like your zone mate ...
Yes mate, the show must go on. And i know that my system needs improving, this is good, we must always have positive thinking. I am sure it is still in down trend, lets see if it can touch 2965 - 2970.
  • #7,720
  • Sep 9, 2014 9:25pm Sep 9, 2014 9:25pm
Quoting sram
My opinion-Weekly trend line @1.2900 area .so i am expecting some choppy retrace towards 1.2960 .Four hr middle BB support the move.
3 pips short to my target -out my long trade @2952 -I short @2946 looking for the target 2910.
unlearning is difficult than learning-that is the key!!
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