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The similarity system

  • #7,721
  • Sep 9, 2014 10:41pm Sep 9, 2014 10:41pm
Quoting cielo55588
{quote} 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.
It is good that you know it. If i were you, i will see why my system gave me wrong signal (it must be a bug in your code), or why i did not aware of the signal given by my system (you have a printed idea that the price will go up or down, and do not look carefully at your system anymore). SL is a must for a beginner like you, except you are really good and know what you are doing. You have done it right, and do not forget money management.
It is a good idea now to do math, read carefully, repair bugs on your code, test it on demo account. Then, if you have passed these all things, you can try to trade again. Loss is an experience, and from your posts i see that you have profits or if loss, it is just a small amount, it is ok.
I like this post ! It is rightly that you need time to implement all of this, but hey ... it is worth, you know that.
Have a nice day and enjoy coding.
  • #7,722
  • Sep 10, 2014 12:58am Sep 10, 2014 12:58am
Quoting Dewachen77
{quote} It is good that you know it. If i were you, i will see why my system gave me wrong signal (it must be a bug in your code), or why i did not aware of the signal given by my system (you have a printed idea that the price will go up or down, and do not look carefully at your system anymore). SL is a must for a beginner like you, except you are really good and know what you are doing. You have done it right, and do not forget money management. It is a good idea now to do math, read carefully, repair bugs on your code, test it on demo account....
greatpost. good morning house. just wanted to point out that good signals or setups dosnt mean they cant fail. there is always a probability of failure no matter how tight the setup is
  • #7,723
  • Sep 10, 2014 12:59am Sep 10, 2014 12:59am
my levels for short today. 1.2952/58 zone. no longs. if this plays out. we should head for 1.2750
  • #7,724
  • Sep 10, 2014 1:15am Sep 10, 2014 1:15am
Quoting ephisi
my levels for short today. 1.2952/58 zone. no longs. if this plays out. we should head for 1.2750
Morning everyone,

Ephisi, I have pending shorts at 54 and 57... So were on the same track.
looks like yesterday, I noticed strength on 4H but I ignored it and that left pips on the table.

Am changing tactics today until 2900 is cleared for good.
A pip is only worth it if you know how much you risked to earn it
  • #7,725
  • Sep 10, 2014 1:23am Sep 10, 2014 1:23am
Quoting vlady1974
{quote} Morning everyone, Ephisi, I have pending shorts at 54 and 57... So were on the same track. looks like yesterday, I noticed strength on 4H but I ignored it and that left pips on the table. Am changing tactics today until 2900 is cleared for good.
greatmate, we learn from our mistakes. I also called my zone based on resistance only. should have waitied for a break of the 15mins bullish trendline as i usually do for confirmation of short. tot i could get an early entry cos i knew it would go down.

btw that 15mins trendline is broken. i strongly believe we are going down today. we could be wrong though
  • #7,726
  • Sep 10, 2014 1:38am Sep 10, 2014 1:38am
Quoting vlady1974
{quote} Morning everyone, Ephisi, I have pending shorts at 54 and 57... So were on the same track. looks like yesterday, I noticed strength on 4H but I ignored it and that left pips on the table. Am changing tactics today until 2900 is cleared for good.
Long scalp from 28. Stops to BE
A pip is only worth it if you know how much you risked to earn it
  • #7,727
  • Sep 10, 2014 1:42am Sep 10, 2014 1:42am
Quoting vlady1974
{quote} Long scalp from 28. Stops to BE
great mate. would have entered at 22(one hour candle open) based on the principle i shared with you.
  • #7,728
  • Sep 10, 2014 2:14am Sep 10, 2014 2:14am
Quoting ephisi
my levels for short today. 1.2952/58 zone. no longs. if this plays out. we should head for 1.2750
This is our move down. We got to 1.2952 zone @ 1.2949. Close enough. We may retest the top but i doubt it.guys did you see the strong rejection? We need to breakdown our zone of yesterday at 1.2920 to confirm this down move
  • #7,729
  • Sep 10, 2014 2:15am Sep 10, 2014 2:15am
EU got rejected from my 6 pip area again so it still strong I am short!
  • #7,730
  • Edited 10:04am Sep 10, 2014 2:49am | Edited 10:04am
Hi everyone I know we can trade this system of ideas as we think fit ,
I would just like your opinions on if this is the correct way Eurusd meant us to trade the TZs
It does seem very good I have 32 win 2 loss trading this way so far the losses were my bad judgement and did goon to win easily.
I know vlady you said to trade away from TZs I think that can also be profitable
Your opinions please , would be nice if Eurusd would chime in , (I can take it lol)
Regards Orid peter
PS $6000.00 so far in the comp , do I have a chance ?
  • #7,731
  • Sep 10, 2014 3:10am Sep 10, 2014 3:10am
Quoting orid
Hi everyone I know we can trade this system of ideas as we think fit , I would just like your opinions on if this is the correct way Eurusd meant us to trade the TZs It does seem very good I have 32 win 2 loss trading this way so far the losses were my bad judgement and did goon to win easily. I know vlady you said to trade away from TZs I think that can also be profitable Your opinions please , would be nice if Eurusd would chime in , (I can take it lol) Regards Orid peter PS $6000.00 so far in the comp , do I have a chance ? {image}
You're doing well Orid."Away from" is relative to position. Because you have 2 TZ then the possibility of going through one of them is high. When that event happens, that TZ could itself change in a sense that a piercing bar becomes the new central bar and you would evaluate +/- h from there but the price range remains transient. Meaning price goes through it once but does not go back. This is good when h is small like 5. The bottom TZ is where I would wait for a bounce and buy as you've noted. That doesn't mean you can't sell into it...
A pip is only worth it if you know how much you risked to earn it
  • #7,732
  • Sep 10, 2014 3:42am Sep 10, 2014 3:42am
Quoting orid
Hi everyone I know we can trade this system of ideas as we think fit , I would just like your opinions on if this is the correct way Eurusd meant us to trade the TZs It does seem very good I have 32 win 2 loss trading this way so far the losses were my bad judgement and did goon to win easily. I know vlady you said to trade away from TZs I think that can also be profitable Your opinions please , would be nice if Eurusd would chime in , (I can take it lol) Regards Orid peter PS $6000.00 so far in the comp , do I have a chance ? {image}
Hi Orid,

I don't know the TF of your chart so it's harder to provide an opinion.... a 1M or 5M timeframe has different approaches to a 1H or 15M because you have time to think.
I have seen behaviour on the 1M that is quick and repaints zones due to prices piercing and clearing TZ that have not completed their h cycle. This makes decision making harder.

The point of a transient zone is to show where price does not stay for a long period of time.
If it is breached, you'll notice that price hardly stays in that area.

Therefore, the most basic approach is a straddle trade or breakout trade that focuses on being around the TZ. This is my preferred method and is an "AWAY FROM" type of trade because that is what a breakout does.

Another way is to be far away from the TZ and you will want to "MOVE TOWARDS" the zone and then TP just before the zone.

The next problem here is the piercing candle or the breach. This will happen. That is the eternal optimisation question because if you find the right number of H bars, then you'll have less breaches.... but that's not the scope of this post, it's about trading the TZ. The reason I prefer the breakout is that if a breach does happen, you can quickly REVERSE your bias and then trade on the other side of the TZ with the opposite bias.

So in your graph... even though you're above TZ1.... if that is breached, I would short from the bottom of TZ1 and move away from it... but towards TZ2 and take profit just before the top of TZ2. Or... do nothing and wait for a bounce off TZ2 and trade away from TZ2 but towards TZ1.
A pip is only worth it if you know how much you risked to earn it
  • #7,733
  • Sep 10, 2014 3:56am Sep 10, 2014 3:56am
thanks for your replys Vlady , I'm on the 1 min chart , pretty impressive results because as you say things happen very fast (just missed a nice one)
must try the 5 min next week , after I've won this contest lol ,
34 from 36 now amazing for 1 min chart
still on edge waiting for that big run the wrong way that kills me . need to know how to spot em, working on it
Ill try to digest all your reccomendations into this old haggled brain of mine , it will take some time lol (it's not the booze) honest
Regards Orid peter
  • #7,734
  • Sep 10, 2014 4:02am Sep 10, 2014 4:02am
Quoting orid
thanks for your replys Vlady , I'm on the 1 min chart , pretty impressive results because as you say things happen very fast (just missed a nice one) must try the 5 min next week , after I've won this contest lol , 34 from 36 now amazing for 1 min chart still on edge waiting for that big run the wrong way that kills me . need to know how to spot em, working on it Ill try to digest all your reccomendations into this old haggled brain of mine , it will take some time lol (it's not the booze) honest Regards Orid peter


What I don't want to do is ruin your current thinking if it's working for you. You probably need to write down EXACTLY what your rules are ---- and keep them to yourself. That's your edge.

My posts are there to unravel the hundred and one posts of how to trade the beast.... but it doesn't make for a trading plan, you know what I mean?
A pip is only worth it if you know how much you risked to earn it
  • #7,735
  • Sep 10, 2014 4:08am Sep 10, 2014 4:08am
Thanks Vlady yes I use a lot of other things to enter the trade, I use two screens with different settings ( all on this thread ) know what you mean about keeping to yourself. think I may delete the image actually later
Regards Peter
  • #7,736
  • Sep 10, 2014 4:18am Sep 10, 2014 4:18am
Shoring at 1.2950ish
  • #7,737
  • Sep 10, 2014 4:21am Sep 10, 2014 4:21am
Quoting ephisi
Shoring at 1.2950ish
Eurgbp and gbpusd having effect on eurusd
  • #7,738
  • Sep 10, 2014 4:26am Sep 10, 2014 4:26am
Quoting ephisi
Shoring at 1.2950ish
Short at 1.2955. Done for toda
  • #7,739
  • Sep 10, 2014 4:29am Sep 10, 2014 4:29am
Quoting ephisi
{quote} Short at 1.2955. Done for toda
Short at 2957
A pip is only worth it if you know how much you risked to earn it
  • #7,740
  • Sep 10, 2014 4:32am Sep 10, 2014 4:32am
Quoting ephisi
my levels for short today. 1.2952/58 zone. no longs. if this plays out. we should head for 1.2750
Price finally hit my sell levels for today.. could have short a bit higher. Will allow price to pierce my levels next time. Thats my trade for today. If it dosnt playout! Will wait for next setup.
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