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The similarity system

  • #7,761
  • Sep 10, 2014 7:08am Sep 10, 2014 7:08am
Quoting ephisi
my levels for short today. 1.2952/58 zone. no longs. if this plays out. we should head for 1.2750
Moved stoploss to breakeven. We need to clear 1.2920 to be safe. If we head back towards 1.2955 i may take a higher entry. Will see
  • #7,762
  • Sep 10, 2014 7:08am Sep 10, 2014 7:08am
Quoting vlady1974
{quote} Yeah, very good point. Trending markets has a different mindset to a Ranging market in my experience.
  • #7,763
  • Sep 10, 2014 7:08am Sep 10, 2014 7:08am
Quoting feline207
Guys, what do you think is a good target for today low. Where do you get out.
If you're in a trade from above, then on an intraday basis or 1H, target 2920.
If it breaches this, then target 2860.

Below that.... wow, name your pick
A pip is only worth it if you know how much you risked to earn it
  • #7,764
  • Sep 10, 2014 7:09am Sep 10, 2014 7:09am
Quoting ephisi
{quote} Moved stoploss to breakeven. We need to clear 1.2920 to be safe. If we head back towards 1.2955 i ay take a higher entry. Will see
Quoting vlady1974
{quote} If you're in a trade from above, then on an intraday basis or 1H, target 2920. If it breaches this, then target 2860. Below that.... wow, name your pick


Dang, you're quick! But we're in sync!
A pip is only worth it if you know how much you risked to earn it
  • #7,765
  • Sep 10, 2014 7:11am Sep 10, 2014 7:11am
Quoting vlady1974
{quote} {quote} Dang, you're quick! But we're in sync!
Josh is missing toda
  • #7,766
  • Sep 10, 2014 7:13am Sep 10, 2014 7:13am
While I have it in my mind.... one of the reasons I triggered on the 2957 is the TZ behaviour of previous moves there.

Most observers will just comment on that as "resistence"..... let them do that.
What we've learned is transience vs recurrance. Hence why I can put my SL there for now, on the basis that I believe price won't travel back there.
If it did (then obviously I'm out) but I would count how many bars or h it took to do that and I will be looking for whether price CLUSTERS around that previous TZ or whether in fact it avoids that price altogether.... because if price comes back down through it... guess what I would be doing? I'd be shorting the shit out of it.
A pip is only worth it if you know how much you risked to earn it
  • #7,767
  • Sep 10, 2014 7:26am Sep 10, 2014 7:26am
I'm hoping that Dollar Strength kicks in this afternoon as New York opens. That could help break 2920
A pip is only worth it if you know how much you risked to earn it
  • #7,768
  • Sep 10, 2014 7:39am Sep 10, 2014 7:39am
Quoting vlady1974
I'm hoping that Dollar Strength kicks in this afternoon as New York opens. That could help break 2920
There u go
  • #7,769
  • Sep 10, 2014 7:46am Sep 10, 2014 7:46am
Quoting ephisi
{quote} There u go


Feline... that's safe now. If you'd taken it as TP, then cha-ching!
A pip is only worth it if you know how much you risked to earn it
  • #7,770
  • Sep 10, 2014 7:54am Sep 10, 2014 7:54am
Quoting vlady1974
{quote} Feline... that's safe now. If you'd taken it as TP, then cha-ching!
yea. btw. just checked my eurgbp and bgpusd. eurgbp came down from todays high while gbpusd went up. both supporting eurusd down move. i also observed that the way i trade eurusd wouldnt give me a setup on those pairs. i will have to understand their behaviors differently. maybe someday i will have time to check em out. but for now let me enjoy eurusd where the money is sure. so many opportunities daily on eurusd
  • #7,771
  • Sep 10, 2014 8:11am Sep 10, 2014 8:11am
Quoting vlady1974
{quote} Feline... that's safe now. If you'd taken it as TP, then cha-ching!
eurusd may go down straight to 1.2880 or retrace first to 1.2920 levels before 1.2880. if my trade were a scalp, would have exited at 1.2900. and reentered scalp at 1.2920 if we get there
  • #7,772
  • Sep 10, 2014 8:15am Sep 10, 2014 8:15am
I've been reading through the entire thread to try and understand more about DS zones.

I've loaded the two indicators by Ralome r-v1 and r-v2 which draws the DS zone automatically but what does r-v1 do different from r-v2?

The parameters for each of them is exactly the same and yet the plots on the screen shows different stuff.

Look at the differences from the current charts. Can someone explain why they are different and how/when am I to use rv-1 over rv-2?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 37 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 37 KB
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #7,773
  • Sep 10, 2014 8:23am Sep 10, 2014 8:23am
Hi All,

i have a short, with target of 2888. I think to day 2888 is the lowest, then it will goes up again. Tomorrow is the action day ...
Edit:
current price is also interesting, but 2888 is stronger ...
  • #7,774
  • Edited 9:09am Sep 10, 2014 8:39am | Edited 9:09am
Quoting Freefox
I've been reading through the entire thread to try and understand more about DS zones. I've loaded the two indicators by Ralome r-v1 and r-v2 which draws the DS zone automatically but what does r-v1 do different from r-v2? The parameters for each of them is exactly the same and yet the plots on the screen shows different stuff. Look at the differences from the current charts. Can someone explain why they are different and how/when am I to use rv-1 over rv-2? {image} {image}
Hi Freefox,

I use r-v1 , do not know the difference between v1 & v2. But our picture are similar
Edit: Still playing with them ...
Attached Image (click to enlarge)
Click to Enlarge Name: EU-M15-sep10-2.jpg Size: 82 KB
  • #7,775
  • Sep 10, 2014 8:57am Sep 10, 2014 8:57am
Quoting ephisi
{quote} eurusd may go down straight to 1.2880 or retrace first to 1.2920 levels before 1.2880. if my trade were a scalp, would have exited at 1.2900. and reentered scalp at 1.2920 if we get there
good area to scalp short
  • #7,776
  • Sep 10, 2014 9:03am Sep 10, 2014 9:03am
Quoting ephisi
{quote} good area to scalp short
Thanks Ephisi, almost missed this ....
  • #7,777
  • Sep 10, 2014 9:11am Sep 10, 2014 9:11am
Quoting Paradiso88
{quote} Hi Freefox, I use r-v1 , do not know the difference between v1 & v2. But our picture are almost the same Edit: Still playing with them ... {image}

Thanks for that confirmation - Guess I'll use r-v1 then though very puzzled about usage of r-v2.

Will focus on understanding how r-v1 plots the DS zones based on dis-similarity and then similarity appearing.
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #7,778
  • Sep 10, 2014 9:16am Sep 10, 2014 9:16am
Quoting cielo55588
{quote} Thanks ephisi, almost missed this ....

youre welcome. remember its a scalp and a late entry if you intend to hold for long. it may go down straight it may retest 30ish. i would look to take profit or move stop to breakeven if she goes down further
  • #7,779
  • Sep 10, 2014 9:20am Sep 10, 2014 9:20am
Quoting vlady1974
{quote} Feline... that's safe now. If you'd taken it as TP, then cha-ching!
Yes 46 pips today, 1.2946 to 1.29 sharp. At least one good trade this week .. But I have reduced sizes after my last troubles from 1.3190
Edit: how would you comment that sharp retrace to 1.2934
  • #7,780
  • Sep 10, 2014 9:21am Sep 10, 2014 9:21am
Quoting Freefox
I've been reading through the entire thread to try and understand more about DS zones. I've loaded the two indicators by Ralome r-v1 and r-v2 which draws the DS zone automatically but what does r-v1 do different from r-v2? The parameters for each of them is exactly the same and yet the plots on the screen shows different stuff. Look at the differences from the current charts. Can someone explain why they are different and how/when am I to use rv-1 over rv-2? {image} {image}
I think the latest version shows also developing zones etc
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