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The similarity system

  • #8,121
  • Sep 15, 2014 8:58am Sep 15, 2014 8:58am
this my target.. i lower TP little bit from it original level.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD15.png Size: 23 KB
  • #8,122
  • Sep 15, 2014 9:00am Sep 15, 2014 9:00am
Quoting hukam
this my target.. i lower TP little bit from it original level. {image}
It will comfortably hit top of the 1.29730
If you fall, I shall be there. - The floor
  • #8,123
  • Sep 15, 2014 9:01am Sep 15, 2014 9:01am
Quoting josh11
{quote} I am long from my Zone I share earlier this morning @ 12916 targeting 1.2949! My SL now at BE
TP hit
  • #8,124
  • Sep 15, 2014 9:04am Sep 15, 2014 9:04am
4H = almost buy signal
1Hr = Buy
30= buy
15= buy about to close.
If you fall, I shall be there. - The floor
  • #8,125
  • Sep 15, 2014 9:05am Sep 15, 2014 9:05am
Quoting samaralala
4H = almost buy signal 1Hr = Buy 30= buy 15= buy about to close.
1.2949 maybe it for longs
  • #8,126
  • Sep 15, 2014 9:05am Sep 15, 2014 9:05am
Quoting hukam
And this is the study which i did on gold. and its also obeyed the similarity rules. i am learning from you friends. Regards Hukam {image}
zz
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  • #8,127
  • Sep 15, 2014 9:08am Sep 15, 2014 9:08am
Quoting josh11
{quote} 1.2949 maybe it for longs
Long may not be for next 15 min but after that you should see continuation of a long.

P.s. hedge funds are starting to mass sell USD $.
If you fall, I shall be there. - The floor
  • #8,128
  • Sep 15, 2014 9:08am Sep 15, 2014 9:08am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting josh11
{quote} 1.2949 maybe it for longs
Good calls Josh!

I am not able to predict where price is going to yet...but I have something that is working for me.
An expert is a man who has made all the mistakes which can be made
  • #8,129
  • Sep 15, 2014 9:09am Sep 15, 2014 9:09am
Quoting josh11
{quote} 1.2949 maybe it for longs
congrats mate. Totally got my entries wrong today. done for today
  • #8,130
  • Sep 15, 2014 9:11am Sep 15, 2014 9:11am
Quoting Baillie
{quote} 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.
Thanks for the reply! Been away for sometime so a fair bit of catching up and refreshing needed. These newer TZ zones, well newer for me at least feels a little more "user friendly" then the DS zones I use to crack my head over
I want more brain power!
  • #8,131
  • Sep 15, 2014 9:13am Sep 15, 2014 9:13am
Quoting killerno
{quote} Hi DimitryFX, would you mind to tell a bit more about your entries? Thanks
Sorry, mate! I saw your PM but was too busy to reply it.
Below is the example of just closed trade:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m5-alpari-limited.png Size: 40 KB

An arrows are showing an initial signal (before re-drawing) of CI.
Also was very good confirmation from divergence AKA dis-similarity of PA and oscilator.
Target was very conservative at previous level of support.
Hope it's clear.
Everything is possible!!! Step by Step...
  • #8,132
  • Sep 15, 2014 9:24am Sep 15, 2014 9:24am
@neio sent you a PM
  • #8,133
  • Sep 15, 2014 9:37am Sep 15, 2014 9:37am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting ephisi
@neio sent you a PM
Reply sent!
An expert is a man who has made all the mistakes which can be made
  • #8,134
  • Sep 15, 2014 10:30am Sep 15, 2014 10:30am
Spent ages going through the thread right from the start to get to grips with DS zones in particular. Started to gain some firm insights into how they develop etc, using the ZZ/Stoch/BB method that seems popular with many.

While going through stuff I thought about the stoch parameters of (300,1,1). On a 15M chart this equates to 75 hours, which is 3 days and 3 hours. Now this implies the logic has some connection to an underlying 3-day cycle roughly, which got me thinking about the similarity (no pun intended!) to the Taylor Trading Technique that advocated markets followed a 3-5 day cycle and each day was categorised by a simple notation and certain key levels are revisited before the day does what is intended to do by the categorisation. It was written about in a book from the 1950’s by a guy called George Taylor and later more modern technicians have utilised the principles to some extent in their trading styles. (Linda Raschke / George Angell). I’ll have to dig out the books again but from memory Taylor was a bit of a legend if I recall correctly. Anyone else read any of their books?

Got me wondering if this historical 3 days cycle and the 300 bars used in the Stochastic is purely a coincidence or Similarity is connected to the 3 day cycle that some technical analysts have found to be highly influential in controlling where price goes.

Just got me thinking … still going through it all so it becomes clearer but thought I'd offer that observation to see if others have thought along similar lines
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #8,135
  • Sep 15, 2014 10:46am Sep 15, 2014 10:46am
Quoting hepsibah
2. the left hand side and right hand side bars of a TZ have different characteristics. Once you understand this, you can identify when you are potentially beginning the right hand side.
Left hand side build towards the TZ and right hand side builds away from it?
I want more brain power!
  • #8,136
  • Sep 15, 2014 10:53am Sep 15, 2014 10:53am
Quoting Freefox
Spent ages going through the thread right from the start to get to grips with DS zones in particular. Started to gain some firm insights into how they develop etc, using the ZZ/Stoch/BB method that seems popular with many. While going through stuff I thought about the stoch parameters of (300,1,1). On a 15M chart this equates to 75 hours, which is 3 days and 3 hours. Now this implies the logic has some connection to an underlying 3-day cycle roughly, which got me thinking about the similarity (no pun intended!) to the Taylor Trading Technique that...
Hi Freefox, I have been doing my own research into this matter but from a different perspective.

http://www.forexfactory.com/attachme...0&d=1409809179
  • #8,137
  • Sep 15, 2014 12:19pm Sep 15, 2014 12:19pm
eurusd still looking for that low
  • #8,138
  • Sep 15, 2014 12:46pm Sep 15, 2014 12:46pm
Quoting Baillie
{quote} Hi Freefox, I have been doing my own research into this matter but from a different perspective. {image}
Interesting chart. I've read about those Fib Fans before but never used them. Hope it's working well for you.
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #8,139
  • Sep 15, 2014 3:55pm Sep 15, 2014 3:55pm
sure 10 pips. watch 1.2950. real eurusd focus.
  • #8,140
  • Sep 15, 2014 4:05pm Sep 15, 2014 4:05pm
divergence tactics she will do then Boom.
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