The similarity system | Page 390 | Forex Factory

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The similarity system

  • #7,781
  • Sep 10, 2014 9:24am Sep 10, 2014 9:24am
just had a very lucky escape made a total mess of entries managed to escape with small profit ( mistakes happen)
45 from 48
  • #7,782
  • Sep 10, 2014 9:24am Sep 10, 2014 9:24am
Quoting feline207
{quote} 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
retraces are part of the business. you should expect them always. if you look at my last posts, i called the retrace.

1.2897 WAS A PROBLEM ZONE ALSO
  • #7,783
  • Sep 10, 2014 9:25am Sep 10, 2014 9:25am
Quoting orid
just had a very lucky escape made a total mess of entries managed to escape with small profit ( mistakes happen) 45 from 48
lol, thats what happens when you scalp the 1minute chart. risky
  • #7,784
  • Sep 10, 2014 9:27am Sep 10, 2014 9:27am
Does anyone else have problem with Tz s have to keep changing chart to keep it updated ?
Also CI sometime all garbled have to keep restarting platform /
Regards Orid peter
  • #7,785
  • Sep 10, 2014 9:27am Sep 10, 2014 9:27am
Quoting ephisi
{quote} retraces are part of the business. you should expect them always. if you look at my last posts, i called the retrace.
yes I understand, but reaction was sharp, that is why I asked, did I miss anything special
  • #7,786
  • Sep 10, 2014 9:30am Sep 10, 2014 9:30am
Quoting ephisi
{quote} lol, thats what happens when you scalp the 1minute chart. risky
It was my own fault Ephisi but yes can be very badly on 1 min says something for the system though to recover quite easy from a bad place
Regards Orid peter
  • #7,787
  • Sep 10, 2014 9:33am Sep 10, 2014 9:33am
Quoting feline207
{quote} yes I understand, but reaction was sharp, that is why I asked, did I miss anything special
price usually is rejected sharp by certain levels
  • #7,788
  • Sep 10, 2014 9:38am Sep 10, 2014 9:38am
Quoting Freefox
{quote} 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.
Hey FreeFox,

If you look at Page 1 of this thread, Eurusdd tries to explain the difference between the 2 indicators.
I can't recall with precision, but it's how one calculates the stochastic and the number of bars and there's a slight difference between the two.

Personally use r-V2.

There is also a PDF attachment that I posted that explains the inherent logic of how Dissimilarity is calculated. I think the PDF is called Zones or something like that. It's in the attachment page.
A pip is only worth it if you know how much you risked to earn it
  • #7,789
  • Sep 10, 2014 9:39am Sep 10, 2014 9:39am
hey Vlad see that last move , all indis where spot on including new disim great move down ? quick profit 46 from 49
Regards Orid Peter
  • #7,790
  • Sep 10, 2014 9:43am Sep 10, 2014 9:43am
Quoting feline207
{quote} 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
There is a fight going on between Dollar and Swiss Bank who have to now drop their rate to 1.2. Potentially that creates value for EU as a more attractive or substitute currency to the CHF.... if I've understood the fundamentals correctly. So what's interesting as a trader is:

What would happen if USDCHF goes UP (because USD now > CHF in value)....given that USDCHF is a close proxy for DOLLAR in EURUSD?
It should go down right? But what made EURUSD go UP when USDCHF actually just went BLIMP and nothing.

Anyone got EURCHF as a chart? It's a genuine question... and this is how a trader was actually training me to see the BIG PICTURE.
You can specialise in one currency... but having the others in your peripheral vision allows you better understanding and hence better entries.
A pip is only worth it if you know how much you risked to earn it
  • #7,791
  • Sep 10, 2014 9:49am Sep 10, 2014 9:49am
Quoting ephisi
{quote} 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
cleo. now is the time i would move my stop to breakeven or prepare to take profit as she goes down further or hold. your choice
  • #7,792
  • Sep 10, 2014 9:51am Sep 10, 2014 9:51am
Quoting vlady1974
{quote} There is a fight going on between Dollar and Swiss Bank who have to now drop their rate to 1.2. Potentially that creates value for EU as a more attractive or substitute currency to the CHF.... if I've understood the fundamentals correctly. So what's interesting as a trader is: What would happen if USDCHF goes UP (because USD now > CHF in value)....given that USDCHF is a close proxy for DOLLAR in EURUSD? It should go down right? But what made EURUSD go UP when USDCHF actually just went BLIMP and nothing. Anyone got EURCHF as a chart? It's...
exactly, just the way i analyzed eurgbp and gbpusd today. they both brought eurusd down lower. great post mate
  • #7,793
  • Sep 10, 2014 10:00am Sep 10, 2014 10:00am
say byebye to the last bulls of the day. just my 2 cents
  • #7,794
  • Sep 10, 2014 10:02am Sep 10, 2014 10:02am
Quoting ephisi
say byebye to the last bulls of the day. just my 2 cents
wow, did i just push price down with my statement/
  • #7,795
  • Sep 10, 2014 10:05am Sep 10, 2014 10:05am
Quoting ephisi
{quote} wow, did i just push price down with my statement/
a break of 1.2997 should lead us to 1. 2980
  • #7,796
  • Sep 10, 2014 10:07am Sep 10, 2014 10:07am
Quoting ephisi
say byebye to the last bulls of the day. just my 2 cents
It's edging that way. I was a bit nervous about that spike up cos it blasted past 2930 and I had 2928 as a key midpoint level on the 4H.... was thinking it was gonna drag everything back up to 50-60. But thankfully it's easing its way down.... they must be pricing in the fact that CHF has to take a hit (SEE BELOW).... Euro valued more than Swissy now.

But then.... how did this effect EURUSD? (short term, long term?)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURCHF.JPG Size: 110 KB
Click to Enlarge Name: USDCHF.JPG Size: 107 KB
A pip is only worth it if you know how much you risked to earn it
  • #7,797
  • Sep 10, 2014 10:11am Sep 10, 2014 10:11am
4H close 2915.7
That's a positive sign, given that Bollinger Mid was 2930
A pip is only worth it if you know how much you risked to earn it
  • #7,798
  • Sep 10, 2014 10:13am Sep 10, 2014 10:13am
Quoting vlady1974
{quote} It's edging that way. I was a bit nervous about that spike up cos it blasted past 2930 and I had 2928 as a key midpoint level on the 4H.... was thinking it was gonna drag everything back up to 50-60. But thankfully it's easing its way down.... they must be pricing in the fact that CHF has to take a hit (SEE BELOW).... Euro valued more than Swissy now. But then.... how did this effect EURUSD? (short term, long term?) {image} {image}
the correlations still tricky for me. cant say what effect/ btw i expected that spike up thats why i didnt panic. most times its a bull trap when price rises violently.
  • #7,799
  • Sep 10, 2014 10:14am Sep 10, 2014 10:14am
Quoting vlady1974
{quote} 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...
Gentleman, I honestly dont think you know how good you are.
  • #7,800
  • Sep 10, 2014 10:17am Sep 10, 2014 10:17am
Quoting ephisi
{quote} the correlations still tricky for me. cant say what effect/ btw i expected that spike up thats why i didnt panic. most times its a bull trap when price rises violently.
This (yellow highlight) is what made me think bull trap... but the initial bars still got me sitting down when I was already sitting down, ya know?! LOL
Anyways, looking for that 2897 break
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.JPG Size: 122 KB
A pip is only worth it if you know how much you risked to earn it
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