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The similarity system

  • #8,101
  • Edited 1:37am Sep 15, 2014 1:16am | Edited 1:37am
Quoting Eurusdd
Four days ago, I gave a friend a huge assignment. Create an indicator that can identify recurrent prices based on 14 conditions, I gave him. The guy sent me some pictures that i want to share here. He is supposed to finish in three months time, just an idea of how big the assignment is. So, far the probabilities are looking good simply because the fourth condition is that the signals should not repaint!{image} Under the current settings. price cannot deviate more than 40 pips from the transient price mark!
I don't quite understand what settings mean here. Settings for the indicator or are we referring to the current behaviour of the pair? If we are talking about pair behaviour then this statement will lead me to think that .... well for example given the previous TZ is "untouched" and price is cleanly away from it with nothing forming whatsoever than the price + or - 40pips give and take a few would be a good place to expect price to turn back to the TZ if it has not already done so?

Edit Hmm I think the statement is in reference to the indi Eurusdd is building. Well I guess trades can be taken based on the logic i.e price is 40 pips above his indi's indication and it has not yet return to that level = sweet spot to short. Wonder if the same is applicable to the current TZs
I want more brain power!
  • #8,102
  • Sep 15, 2014 1:41am Sep 15, 2014 1:41am
Quoting ephisi
{quote} welcome back mate. missed you im looking for long around 20
Thanks mate, just saw your PM and wish you all the best mate
  • #8,103
  • Sep 15, 2014 1:51am Sep 15, 2014 1:51am
Quoting josh11
I am short my next zone lower is 12916- 12907! Best of luck
TP hit on my short
  • #8,104
  • Sep 15, 2014 1:51am Sep 15, 2014 1:51am
if the 1hr/4hr trendline breaks. it would mean to me that the correction is over.
  • #8,105
  • Sep 15, 2014 1:53am Sep 15, 2014 1:53am
Quoting josh11
I am short my next zone lower is 12916- 12907! Best of luck
Bouncing off my Zone let see if we will get a turnaround
  • #8,106
  • Sep 15, 2014 2:05am Sep 15, 2014 2:05am
Quoting josh11
{quote} Bouncing off my Zone let see if we will get a turnaround
Hmmn, i found my self in the wrong direction today. my trendlines are broken. my bias for corecction is changed i am now fully bearish. i expect eurusd to retrace up then take out the lows but dont know when
  • #8,107
  • Sep 15, 2014 2:16am Sep 15, 2014 2:16am
Quoting josh11
{quote} Bouncing off my Zone let see if we will get a turnaround
I am long from my Zone I share earlier this morning @ 12916 targeting 1.2949!

My SL now at BE
  • #8,108
  • Sep 15, 2014 2:26am Sep 15, 2014 2:26am
Quoting josh11
{quote} I am long from my Zone I share earlier this morning @ 12916 targeting 1.2949! My SL now at BE
i entered longs to early. if we get to 1.2949 i am eyeing shorts from there
  • #8,109
  • Sep 15, 2014 3:23am Sep 15, 2014 3:23am
IMO the tricky PA is over. the bearish trend is resumed. no more scalping but holding trades for a while
  • #8,110
  • Sep 15, 2014 3:32am Sep 15, 2014 3:32am
Loosed very good setup to make some pips today
OK, hope NY will bring another one possibility....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 94 KB
Everything is possible!!! Step by Step...
  • #8,111
  • Sep 15, 2014 3:46am Sep 15, 2014 3:46am
Quoting josh11
{quote} I am long from my Zone I share earlier this morning @ 12916 targeting 1.2949! My SL now at BE
move my SL back 1.2906, 10 pips! Lets see
  • #8,112
  • Sep 15, 2014 5:07am Sep 15, 2014 5:07am
Quoting josh11
{quote} move my SL back 1.2906, 10 pips! Lets see
very tricky day. the zone where we are now anything can happen long or short
  • #8,113
  • Sep 15, 2014 5:18am Sep 15, 2014 5:18am
Quoting ephisi
{quote} very tricky day. the zone where we are now anything can happen long or short
It's 10 pips I have no problem with that... Already made 50 pips this morning on EU!

As you saw by the bounces it is a good area lets see if it will hold!

My SL is at 1.2906
  • #8,114
  • Sep 15, 2014 5:49am Sep 15, 2014 5:49am
Quoting DmitryFX
Loosed very good setup to make some pips today OK, hope NY will bring another one possibility.... {image}
Hi DimitryFX,

would you mind to tell a bit more about your entries? Thanks
  • #8,115
  • Sep 15, 2014 5:53am Sep 15, 2014 5:53am
Today is Long for me. By the end of next week we could see 1.3290
If you fall, I shall be there. - The floor
  • #8,116
  • Sep 15, 2014 6:10am Sep 15, 2014 6:10am
Morning, got my pips for the day and the day is just starting for me.

2 trades

+28
+37

The rest of NY will be icing on the cake.

Just a thought for everyone, EURUSDD has 14 different parameters that are being programmed into his trade strategy at least, some have been using just one or two to make a system. Maybe, combining the different principles together might be a good idea. Just saying.

Here is the update to the TZ zones I posted yesterday, 2 out of the 3 were hit so far. EDIT HINT* the two MA's are numbers provided on this thread, price does NOT like to be riding between them for long.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30TZ3.png Size: 69 KB
  • #8,117
  • Sep 15, 2014 6:16am Sep 15, 2014 6:16am
Quoting Baillie
Morning, got my pips for the day and the day is just starting for me. 2 trades +28 +37 The rest of NY will be icing on the cake. Just a thought for everyone, EURUSDD has 14 different parameters that are being programmed into his trade strategy at least, some have been using just one or two to make a system. Maybe, combining the different principles together might be a good idea. Just saying. Here is the update to the TZ zones I posted yesterday, 2 out of the 3 were hit so far. EDIT HINT* the two MA's are numbers provided on this thread, price...
Attached Image (click to enlarge)
Click to Enlarge Name: test.gif Size: 24 KB


You targeted the ones I circled?
I want more brain power!
  • #8,118
  • Sep 15, 2014 6:24am Sep 15, 2014 6:24am
Quoting josh11
{quote} It's 10 pips I have no problem with that... Already made 50 pips this morning on EU! As you saw by the bounces it is a good area lets see if it will hold! My SL is at 1.2906
Well zone was very strong hope some of you took it

taken half off at 34 and SL at BE!
  • #8,119
  • Sep 15, 2014 6:31am Sep 15, 2014 6:31am
Quoting cfdtaleong
{quote} {image} You targeted the ones I circled?
Yes, but my trades are based upon more than the TZ zones alone, I will be taking TZ stand alone trades live during NY session.
  • #8,120
  • Sep 15, 2014 6:32am Sep 15, 2014 6:32am
Quoting josh11
{quote} Well zone was very strong hope some of you took it taken half off at 34 and SL at BE!
Cool Josh, my targets are still down.
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