The similarity system | Page 393 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Similarity: A Practical Approach 859 replies

Similarity Trading - The ZZBB Method 215 replies

Rainbow similarity 256 replies

Similarity Stuff 17 replies

Directional Similarity 0 replies

Attachments: The similarity system
Exit Attachments

The similarity system

  • #7,841
  • Sep 11, 2014 12:56am Sep 11, 2014 12:56am
Quoting ephisi
{quote} 8minutes to go
5minsnbadass candle confirmed loving this. expect a retrace to 1.2920ish then ee head towards 1.2962. It may retrace it may it retracefor a scalp entry long. Just as i said before london open
  • #7,842
  • Sep 11, 2014 12:58am Sep 11, 2014 12:58am
Quoting ephisi
{quote} bought the dip at 1.2905 20pip stop first attempt
Moved stop to breakeven. Thinking of opeing a scalping account(10pips stop minimum of 20 to 1000pips profit could be converted to day or swing trades)
  • #7,843
  • Sep 11, 2014 1:12am Sep 11, 2014 1:12am
Will be back in 50minuts. I dont expect eurusd to close below 1.2920 in the next 50minutes to 3hrs. In the 4th hour Us unemploment claims if bad could take us above 1.2960. If good could makke us close below 1.2920 or not
  • #7,844
  • Sep 11, 2014 1:19am Sep 11, 2014 1:19am
Apologies for interrupting interesting posts (please do keep them coming) but is this still a part of The Similarity original thread?
I'm about to read more about this idea (from the beginning of the thread) but if there was a conclusion that it cannot be used in any way on one of the pages (eg page 120 and no update on the 1st page) please let me know.

Thank you
  • #7,845
  • Sep 11, 2014 1:32am Sep 11, 2014 1:32am
Quoting vlady1974
{quote} I want an attempt and failure of 2934. Short on a retrace from there....ideally. That could mean 2924
I shorted at 33 but it went to 2939 which I think invalidates that supply zone.
Closed for +3
A pip is only worth it if you know how much you risked to earn it
  • #7,846
  • Sep 11, 2014 1:37am Sep 11, 2014 1:37am
Quoting ephisi
{quote} 5minsnbadass candle confirmed loving this. expect a retrace to 1.2920ish then ee head towards 1.2962. It may retrace it may it retracefor a scalp entry long. Just as i said before london open
Awesome mate. I missed re-entering cos I had to do "good boyfriend duties" for the gf who is travelling today... missed the re-entry at 2905. So decided against scalping it cos I knew that around 8:20 to 8:50am, London tends to put in the big orders. That's when the BadAss candle took place. LOL.

Anyways, it does look like my theory of Asian sessions is playing out in some minor way. Asia posts high then ranges. Frankie is the fucker that always does the fake move... so that low isn't Asian session really.... but London opens and posts a high near open..... New York I think will do the same and so I think 2962 is on the cards.

Will look for strength above 2924 to 2935 for a long... but I actually don't care today. it's a 40 pip range day...sheesh!
A pip is only worth it if you know how much you risked to earn it
  • #7,847
  • Sep 11, 2014 1:44am Sep 11, 2014 1:44am
Quoting vlady1974
{quote} Awesome mate. I missed re-entering cos I had to do "good boyfriend duties" for the gf who is travelling today... missed the re-entry at 2905. So decided against scalping it cos I knew that around 8:20 to 8:50am, London tends to put in the big orders. That's when the BadAss candle took place. LOL. Anyways, it does look like my theory of Asian sessions is playing out in some minor way. Asia posts high then ranges. Frankie is the fucker that always does the fake move... so that low isn't Asian session really....
but London opens and posts a...
Good mate. Today we need to be more watchful. I told you it would be a tricky day
  • #7,848
  • Sep 11, 2014 1:47am Sep 11, 2014 1:47am
Quoting chr1s
Apologies for interrupting interesting posts (please do keep them coming) but is this still a part of The Similarity original thread? I'm about to read more about this idea (from the beginning of the thread) but if there was a conclusion that it cannot be used in any way on one of the pages (eg page 120 and no update on the 1st page) please let me know. Thank you
Its a bit complicated. I have taken what ties in with my personal strategy from eurusdds methods and discarded the rest. Dont try to trade exactly like eurusdd does. But rather look for principles you could use in your own way. Vlady could advice u more
  • #7,849
  • Sep 11, 2014 1:48am Sep 11, 2014 1:48am
BTW for the newbies and viewers... I am still Net Short on my Bias. I'm sure Ephisi, Josh and other view the same way.
The commentary so far is just intra-day positioning. Even if I was to long to 1.31... the big number targets begin at 1.2764 and below.
A pip is only worth it if you know how much you risked to earn it
  • #7,850
  • Sep 11, 2014 1:51am Sep 11, 2014 1:51am
Quoting vlady1974
BTW for the newbies and viewers... I am still Net Short on my Bias. I'm sure Ephisi, Josh and other view the same way. The commentary so far is just intra-day positioning. Even if I was to long to 1.31... the big number targets begin at 1.2764 and below.
1.2750 my targets. I am only buying what looks like a possible correction. Sellers are waiting to load shorts at the top
  • #7,851
  • Sep 11, 2014 2:01am Sep 11, 2014 2:01am
Quoting ephisi
{quote} 5minsnbadass candle confirmed loving this. expect a retrace to 1.2920ish then ee head towards 1.2962. It may retrace it may it retracefor a scalp entry long. Just as i said before london open
so it retraced 1.2920ish @ 1.2925. lets see what the next 3 hrs before us news brings
  • #7,852
  • Sep 11, 2014 2:06am Sep 11, 2014 2:06am
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...
Hey Chr1s,

Above is my summary of the Thread.
As a trading approach you are basically looking for arbitrage signals... it's not S/R in the traditional sense but certainly APPEARS like support/resistance.
It's about the price value 1.2345 not being consistently 1.2345 across other indicators that are set up to be identical to 1.2345

Reading through the thread yields a variety of techniques that expound on the principle. There's CI, there ZigZag Bollinger (which I am proud of extending from Eurusdd's original examples), and recently there is Transient / Recurrent Prices.

The last concept is NOT similarity.... but can be used in conjunction. T/R tries to explain prices as events. The "rarer" it is (based on some posulates that Eurusdd has posted) the more unlikely it will be returned to. Thus the concept is less about RESISTENCE but more about probability of being repelled.

If you combine Similarity with Transcience... you can now apply it to any of your own strategies with a new found perspective. Hence why you do not see a Tactic or Strategy here. At the moment, it's my take + Ephisi + Josh + LITEChild, + orid + etc..... if we are in sync, then we are probably looking at the same Transient Zones and Similarity Areas.... perhaps not precisely but they tend to get produced by swing tops and bottoms. The trick then is how to trade.

Eurusdd has not revealed all his tools, so we are substantially less optimal than we would like. So we can only go by PRINCIPLES and adapt our strategies accordingly.

Hope this is a better explanation.

Vlad
A pip is only worth it if you know how much you risked to earn it
  • #7,853
  • Sep 11, 2014 2:45am Sep 11, 2014 2:45am
What I would say to newbies and viewers/lurkers is obviously to read the thread although not all (myself included) will fully understand all the ramifications. There are however a lot of good posters on this thread who have grasped "the system" quite well (vlady, ephisi and josh to name but three). Whilst I would never advocate copying someone elses trades without your own due diligence, it's fair the say that if the three persons aforementioned have the same bias and you have the opposite view, then I'd seriously think again.
  • #7,854
  • Sep 11, 2014 2:50am Sep 11, 2014 2:50am
Thank you vlady1974, I will have in mind everything you said when reading this thread
  • #7,855
  • Sep 11, 2014 3:18am Sep 11, 2014 3:18am
Quoting sram
Rare event-we can see 7 consecutive down bars in weekly chart only one time from 1994 . now we have 6 in a row. i want to post earlier today didn't got time so i am expecting weekly up close that is above 1.31973 little down is buy for me .I think master is here thank you for everything euruusdd {image}
Just a thought
Last time they don't.Now we have 8 finished consecutive down bars in a weekly chart and there are no consecutive down bars more than 8 in last 20 years! rare event too may be a weekly up close this time that is above 2955. Ibw - My special thanks to Vlady ,Ephisi , josh and others for your great contribution.I have AU short targeting 9100. Thank you.
unlearning is difficult than learning-that is the key!!
  • #7,856
  • Sep 11, 2014 3:50am Sep 11, 2014 3:50am
as i said earlier. today is gonna be tricky. looking may take a short at 1.2920ish. watching
  • #7,857
  • Sep 11, 2014 3:54am Sep 11, 2014 3:54am
Quoting handy148
What I would say to newbies and viewers/lurkers is obviously to read the thread although not all (myself included) will fully understand all the ramifications. There are however a lot of good posters on this thread who have grasped "the system" quite well (vlady, ephisi and josh to name but three). Whilst I would never advocate copying someone elses trades without your own due diligence, it's fair the say that if the three persons aforementioned have the same bias and you have the opposite view, then I'd seriously think again.


i laughed on that one
  • #7,858
  • Sep 11, 2014 3:56am Sep 11, 2014 3:56am
Quoting ephisi
as i said earlier. today is gonna be tricky. looking may take a short at 1.2920ish. watching
Just had a free lunch at Pho (Vietnamese cuisine)... Awesome. Shorted at 2918 before I went to early lunch. Seems it's just retraced.
A pip is only worth it if you know how much you risked to earn it
  • #7,859
  • Sep 11, 2014 3:59am Sep 11, 2014 3:59am
Quoting sram
{quote} Just a thought Last time they don't.Now we have 8 finished consecutive down bars in a weekly chart and there are no consecutive down bars more than 8 in last 20 years! rare event too may be a weekly up close this time that is above 2955. Ibw - My special thanks to Vlady ,Ephisi , josh and others for your great contribution.I have AU short targeting 9100. Thank you.
I like this thinking Sram. Don't know if you'll be proved right (none of us do)... but the thinking behind it is important.
You're now scanning for these rare events.

Here's a ..... an idea, perhaps, rather than a hint or tip.
When you see the rare event happen..... take the range and see where price goes to later on, with respect to that range.
There. That's a gift for you all.... those that are worthy will work it out.

The tip is... there are some timeframes that are better than others. And I think that it doesn't work all the time, but seems to phase in/out during specific market circumstances (but I've not fully worked that out yet).
A pip is only worth it if you know how much you risked to earn it
  • #7,860
  • Sep 11, 2014 4:03am Sep 11, 2014 4:03am
Quoting ephisi
as i said earlier. today is gonna be tricky. looking may take a short at 1.2920ish. watching
not taking that short anymore at 1.2920ish. conflicting signals. will just wait it out.
btw we are in a small triangle visible on the 4hr chart. may break up or down. im still in favor of up. wont be thinking short till 1.2960/90
1 trader viewing now