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The similarity system

  • #8,241
  • Sep 17, 2014 2:10am Sep 17, 2014 2:10am
Quoting vlady1974
Hmmm. 42 might be good for a Long scalp
some good posts there vlady ,thanks and you other people good stuff here .:nerd:
  • #8,242
  • Sep 17, 2014 2:12am Sep 17, 2014 2:12am
Quoting FX-Jay
Current trade ideas to consider: Short Eur/Gbp, target 15 pips from current levels Long Gbp/Huf targeting 396.00
Target for EURGBP hit it's still going for 0.7942 if you want some more pips

GBPHUF is significantly higher then the last time I posted, but still lots of room for 396 then 396.25
  • #8,243
  • Sep 17, 2014 3:05am Sep 17, 2014 3:05am
Quoting vlady1974
Hmmm. 42 might be good for a Long scalp edit: 35 is better
There you go. I didn't take the trade though. Still flat. May start drifting now. I've not checked news yet.
A pip is only worth it if you know how much you risked to earn it
  • #8,244
  • Sep 17, 2014 3:07am Sep 17, 2014 3:07am
CPI figures may prove EU attractive... but a bit of GBP news in there.
I'm gonna be on the sidelines.
A pip is only worth it if you know how much you risked to earn it
  • #8,245
  • Sep 17, 2014 3:55am Sep 17, 2014 3:55am
I took short from 2961 looking for 2923 let me watch.
unlearning is difficult than learning-that is the key!!
  • #8,246
  • Sep 17, 2014 4:07am Sep 17, 2014 4:07am
A quick update before leaving for few hours:

EURGBP hit its 15 pip target and followed through to 0.7942 as expected (+25 pips)
GBPHUF still moving higher towards 396 - 396.25

I will post the results for today; there are 2 things to notice:

1- I have significantly decreased the volume (lot size) of the trades compared to the 1st two days. At the moment the aim is to test the accuracy of the system rather than to make large sums of money. I will take care of the money management part of this system at later stages. For now let's keep on taking as much trades as possible on all available instruments.

2- I am trading lots of exotics that very few traders here even consider trading. Keep in mind that those pairs have extremely huge spreads, yet I am being able to totally kill them with this system. Just imagine how much larger the profit would be if those spreads weren't there.
  • #8,247
  • Sep 17, 2014 4:07am Sep 17, 2014 4:07am
I have a half decent trend indi off another website if anyone is interested and Eurusd doesn't mind me posting it .
adjustable Uses 4 ma to what settings you prefer and any time frame ,
standard set to 4 hr.
Regards Orid Peter
  • #8,248
  • Sep 17, 2014 4:09am Sep 17, 2014 4:09am
Wednesday 17/09
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  • #8,249
  • Sep 17, 2014 4:14am Sep 17, 2014 4:14am
Quoting FX-Jay
Wednesday 17/09 {image}
Monday's results (http://www.forexfactory.com/showthread.php?p=7742567#post7742567)

Tuesday's results (http://www.forexfactory.com/showthread.php?p=7742570#post7742570)
  • #8,250
  • Sep 17, 2014 4:17am Sep 17, 2014 4:17am
I think markets will be range bound till the FOMC meeting! So be careful today I am on the sideline for now
  • #8,251
  • Sep 17, 2014 4:18am Sep 17, 2014 4:18am
Quoting josh11
I think markets will be range bound till the FOMC meeting! So be careful today I am on the sideline for now
A pip is only worth it if you know how much you risked to earn it
  • #8,252
  • Sep 17, 2014 4:19am Sep 17, 2014 4:19am
Quoting FX-Jay
{quote} Monday's results (http://www.forexfactory.com/showthread.php?p=7742567#post7742567) Tuesday's results (http://www.forexfactory.com/showthread.php?p=7742570#post7742570)
well done FX-jay should be proud
Regards orid peter
  • #8,253
  • Sep 17, 2014 4:19am Sep 17, 2014 4:19am
Quoting orid
I have a half decent trend indi off another website if anyone is interested and Eurusd doesn't mind me posting it . adjustable Uses 4 ma to what settings you prefer and any time frame , standard set to 4 hr. Regards Orid Peter
Any charts to show it in action?
A pip is only worth it if you know how much you risked to earn it
  • #8,254
  • Sep 17, 2014 4:23am Sep 17, 2014 4:23am
Quoting FX-Jay
Wednesday 17/09 {image}
Good luck my friend. Fantastic result
unlearning is difficult than learning-that is the key!!
  • #8,255
  • Sep 17, 2014 4:28am Sep 17, 2014 4:28am
Quoting vlady1974
{quote} Any charts to show it in action?
it doesn't show the MAs , but you can put on manually of course , I have one setup for four hour and one for one hour ,
Regards Orid peter
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  • #8,256
  • Sep 17, 2014 4:29am Sep 17, 2014 4:29am
Quoting orid
{quote} it doesn't show the MAs , but you can put on manually of course , I have one setup for four hour and one for one hour , Regards Orid peter {image}
keeps your charts clean
  • #8,257
  • Sep 17, 2014 4:39am Sep 17, 2014 4:39am
Quoting FX-Jay
A quick update before leaving for few hours: EURGBP hit its 15 pip target and followed through to 0.7942 as expected (+25 pips) GBPHUF still moving higher towards 396 - 396.25 I will post the results for today; there are 2 things to notice: 1- I have significantly decreased the volume (lot size) of the trades compared to the 1st two days. At the moment the aim is to test the accuracy of the system rather than to make large sums of money. I will take care of the money management part of this system at later stages. For now let's keep on taking as...
Great wrk mate, try Gold its a crazy!
  • #8,258
  • Sep 17, 2014 4:44am Sep 17, 2014 4:44am
hello folks, i'm Lorenzo from Milan, Italy. I've been in trading for a living for the last 2.5/3 yrs and been trading since 2006.

I was interested to the first pages of the thread, but as you can understand it's quite impossible to read it all throughout the 400+ pages,
I would ask anyone with good will (and pacience), if :

1) anyone is still using the very first approach (looking for di-similarities with indicators such as Stoch on a 5-15M or 1H-4H chart)
2) anyone can summarize (not details) the main sub-versions of this system that evolved since the beginning

I like and only use very clean charts, keep it simple, keep it green.
Thank you

have a nice day
Lorenzo
  • #8,259
  • Sep 17, 2014 4:47am Sep 17, 2014 4:47am
Quoting orid
{quote} it doesn't show the MAs , but you can put on manually of course , I have one setup for four hour and one for one hour , Regards Orid peter {image}
Hey Peter!
I like. What are the MA modes - Standard and Exponential?
Please post up.

=============

Team!

As a pre-warning... there will be questions as to "How to use".... guys, these are moving averages so at the risk of teaching you to suck eggs.... there are LOADS of resources out on the web to show you how to use moving averages. Please look them up!

It's just another utensil. It don't change the recipe.
A pip is only worth it if you know how much you risked to earn it
  • #8,260
  • Sep 17, 2014 4:50am Sep 17, 2014 4:50am
Quoting lorbax
hello folks, i'm Lorenzo from Milan, Italy. I've been in trading for a living for the last 2.5/3 yrs and been trading since 2006. I was interested to the first pages of the thread, but as you can understand it's quite impossible to read it all throughout the 400+ pages, I would ask anyone with good will (and pacience), if : 1) anyone is still using the very first approach (looking for di-similarities with indicators such as Stoch on a 5-15M or 1H-4H chart) 2) anyone can summarize (not details) the main sub-versions of this system that evolved since...
Try this

Quoting vlady1974
{quote} Hey Chr1s, Above is my summary of the Thread.
There really ought to be a summary website for this now for the newcomers.
A pip is only worth it if you know how much you risked to earn it
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