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The similarity system

  • #7,961
  • Sep 12, 2014 3:03am Sep 12, 2014 3:03am
Quoting sram
{quote} What about weekly doji?(continuation of rare event?). I buy some call options today around 2920 (rare event 8 down bars)-let me pray.
Your call option is very possible. But we cant confirm a pinbar till candle closes. If i were to stick my neck out i would say eurusd will close above 1.2920 . Because the range is most likely to continue. Dont be supprised if she closes 1.2920 +- 5pip. 1.2920 has been pulling price recently
  • #7,962
  • Sep 12, 2014 3:06am Sep 12, 2014 3:06am
I think I might stay out. Too choppy for me to monitor constantly.
Too many conflicting signals which happens when volatility decreases and range decreases. The average between many bars flattens and across different timeframes, is very lagging.

Eg. A small blimp on 5M won't show up on 15M until after the move is done. Out of phase.
Can't use TZ on my phone app so best to stay out. I can see it's near 30s. Will set alerts for 25 and 40
A pip is only worth it if you know how much you risked to earn it
  • #7,963
  • Sep 12, 2014 3:13am Sep 12, 2014 3:13am
Quoting vlady1974
I think I might stay out. Too choppy for me to monitor constantly. Too many conflicting signals which happens when volatility decreases and range decreases. The average between many bars flattens and across different timeframes, is very lagging. Eg. A small blimp on 5M won't show up on 15M until after the move is done. Out of phase. Can't use TZ on my phone app so best to stay out. I can see it's near 30s. Will set alerts for 25 and 40
Since youre at work, better to stay out till you get signal for major move
  • #7,964
  • Sep 12, 2014 3:22am Sep 12, 2014 3:22am
Quoting ephisi
{quote} Your call option is very possible. But we cant confirm a pinbar till candle closes. If i were to stick my neck out i would say eurusd will close above 1.2920 . Because the range is most likely to continue. Dont be supprised if she closes 1.2920 +- 5pip. 1.2920 has been pulling price recently
Thanks for the reply. If they came around 2900 or less i will try to average my buys.
unlearning is difficult than learning-that is the key!!
  • #7,965
  • Sep 12, 2014 3:33am Sep 12, 2014 3:33am
Quoting ephisi
{quote} Since youre at work, better to stay out till you get signal for major move
Indeed... just got in...look at that... Whipsaw! LOL

Edit:
That plays havoc on the 15M chart.... ZZBB has a Top swing...needing a Bottom Swing... but the 5M yeeha means that on the 15M, you may have thought the bounce off the Bollinger Mid was sufficient to go long and break the previous swing top... but there's no sign of failure other than a pin bar... and fast fingers.
A pip is only worth it if you know how much you risked to earn it
  • #7,966
  • Sep 12, 2014 3:41am Sep 12, 2014 3:41am
Quoting Eurusdd
{quote} very very encouraging! impressed. subscribing to you immediately. Good input!
Thanks for the acknowledgement Eurusd means a great deal
Regards Orid Peter
  • #7,967
  • Sep 12, 2014 3:43am Sep 12, 2014 3:43am
Quoting vlady1974
{quote} Indeed... just got in...look at that... Whipsaw! LOL Edit: That plays havoc on the 15M chart.... ZZBB has a Top swing...needing a Bottom Swing... but the 5M yeeha means that on the 15M, you may have thought the bounce off the Bollinger Mid was sufficient to go long and break the previous swing top... but there's no sign of failure other than a pin bar... and fast fingers.
just set my charts for 15 min looks good , cant trade much ( visitors} but ill let you all know
Regards Orid Peter
  • #7,968
  • Sep 12, 2014 3:59am Sep 12, 2014 3:59am
major difference on 15 min ema and stoch if anyones interested
  • #7,969
  • Sep 12, 2014 4:05am Sep 12, 2014 4:05am
Ping pong ding dong! Im expecting a spike up just like yesterday at or below 1.2952/62 .maybe us news will make that happen. I may be wrong
  • #7,970
  • Sep 12, 2014 4:09am Sep 12, 2014 4:09am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Eurusdd
{quote} Good one there my friend. Rememebr the QUEEN. If you have the right queen, she should work for you any time, during high/low volatility. So, get the right queen, right bishop, right king, right rook, right knight! EMPIRE is born!
This is why I believe scalping is the way forward....works in any market. Shooting for big pips to get 1%, or 2% is not the best way to play things IMHO. I tried those systems and they fall down when the market is sideways. Scalping is more flexible.
An expert is a man who has made all the mistakes which can be made
  • #7,971
  • Sep 12, 2014 4:13am Sep 12, 2014 4:13am
Quoting Neio
{quote} This is why I believe scalping is the way forward....works in any market. Shooting for big pips to get 1%, or 2% is not the best way to play things IMHO. I tried those systems and they fall down when the market is sideways. Scalping is more flexible.
Scalping is what suits your personality. Dosnt mean it applies to everyone. Imo
  • #7,972
  • Sep 12, 2014 4:21am Sep 12, 2014 4:21am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting ephisi
{quote} Scalping is what suits your personality. Dosnt mean it applies to everyone. Imo
No scalping suits my system.... ...works in any market.
An expert is a man who has made all the mistakes which can be made
  • #7,973
  • Sep 12, 2014 4:23am Sep 12, 2014 4:23am
Quoting Neio
{quote} No scalping suits my system.... ...works in any market.
I never said scalping dosnt work in any market
  • #7,974
  • Sep 12, 2014 4:25am Sep 12, 2014 4:25am
Quoting Neio
{quote} No scalping suits my system.... ...works in any market.
10 pips a day guaranteed is what I want for Xmas
Heh this 15 minute chart is snail pace lol
Regards orid Pete
  • #7,975
  • Sep 12, 2014 4:25am Sep 12, 2014 4:25am
sure 10 pips. eurusd is going for 1.29300
  • #7,976
  • Sep 12, 2014 4:29am Sep 12, 2014 4:29am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting ephisi
{quote} I never said scalping dosnt work in any market
No but you said the reason why I do it is because it suits my personality...the reason why I do it is that it works in any market. That is why I said it.
An expert is a man who has made all the mistakes which can be made
  • #7,977
  • Sep 12, 2014 4:31am Sep 12, 2014 4:31am
Quoting Eurusdd
sure 10 pips. eurusd is going for 1.29300
great call, i have a long from 1.2918 i called here i guess instead of waiting forever to break up i should take profit at 30. Keep buying at 18/20 till we break downwards. Today is scalpers paradise
  • #7,978
  • Sep 12, 2014 4:32am Sep 12, 2014 4:32am
Quoting Eurusdd
sure 10 pips. eurusd is going for 1.29300
to put right what I mentioned ? or
something else?
  • #7,979
  • Sep 12, 2014 4:33am Sep 12, 2014 4:33am
Quoting ephisi
{quote}great call, i have a long from 1.2918 i called here i guess instead of waiting forever to break up i should take profit at 30. Keep buying at 18/20 till we break downwards. Today is scalpers paradise
We can also keep shorting 30/32 till we break up
  • #7,980
  • Sep 12, 2014 4:34am Sep 12, 2014 4:34am
[quote=ephisi;7734895]{quote} We can also keep shorting 30/32 till we break up[/quotenot forgeting 10pip sl
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