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The similarity system

  • #8,261
  • Sep 17, 2014 4:56am Sep 17, 2014 4:56am
Quoting josh11
{quote} Great wrk mate, try Gold its a crazy!
Gold has been always my favorite market to trade apart from crude oil.
However, it will be hard for me to trade it using this strategy since at the moment I am only using big TFs, and despite the good results from back-testing on gold, the draw-downs were uncomfortable. I am sure I could make a killing on Gold using this strategy on lower TFs, but let's go step by step (+lower TFs require more monitoring and unfortunately I don't have enough time for that all the time).

Anwz whenever I see I good opportunity in Gold I will post it here
  • #8,262
  • Sep 17, 2014 4:56am Sep 17, 2014 4:56am
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...
Ciao Lorenzo, leggi con attenzione tra 270 e 310, trovi tutto li
  • #8,263
  • Sep 17, 2014 4:56am Sep 17, 2014 4:56am
Quoting vlady1974
{quote} 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.
sorry vlady havn't bothered to work out the modes (slacker that's me ) I find it usefull though for quick reference ,
Is it ok to post it ? being as I stole it from a thread on another site, ( don't wanna get in trouble ) paranoid pete lol
should be able to put in what modes you want in the meta editor
  • #8,264
  • Sep 17, 2014 5:07am Sep 17, 2014 5:07am
Quoting Pigh77
{quote} Ciao Lorenzo, leggi con attenzione tra 270 e 310, trovi tutto li
Grazie!!
Lorenzo
  • #8,265
  • Sep 17, 2014 5:13am Sep 17, 2014 5:13am
Quoting orid
{quote} sorry vlady havn't bothered to work out the modes (slacker that's me ) I find it usefull though for quick reference , Is it ok to post it ? being as I stole it from a thread on another site, ( don't wanna get in trouble ) paranoid pete lol should be able to put in what modes you want in the meta editor
No worries. That makes sense. PM me or email
Star!
A pip is only worth it if you know how much you risked to earn it
  • #8,266
  • Sep 17, 2014 5:14am Sep 17, 2014 5:14am
Quoting Pigh77
{quote} Ciao Lorenzo, leggi con attenzione tra 270 e 310, trovi tutto li
Hi pigh and welcome , I think you will find that most people here that are trading successfully are using most if not all methods mentioned from page one , so its absolutely imperative to read from the start , to understand it all , (Im still struggling somewhat) just started from scratch again , well worth it imo.
Good luck and Regards Orid peter
  • #8,267
  • Sep 17, 2014 5:17am Sep 17, 2014 5:17am
Italian boys! Grazie for the retro post numbers! Classic stuff.
Here's the genesis of the Close Outside Bollinger Band "reason"....

Quoting Eurusdd
{quote} {image}
A pip is only worth it if you know how much you risked to earn it
  • #8,268
  • Sep 17, 2014 5:17am Sep 17, 2014 5:17am
Looking for a 40 pip drop in USD/CHF, that will help the EUR/USD test 1.3 (which is also a level I am looking for)

I'll be taking small positions here and adding to them if the $ strengthens pre/post FOMC.

Please be careful if you want to follow these calls!
Since the beginning of the strategy testing on Monday I made 45 trades with a 100% winning ratio, but please keep in mind that this is a probability strategy, and despite the fact of having a losing trade is very low, it is not impossible!

What's more important is the following:
When I take a trade it usually reaches its TP quite fast. However, the time allowed for the TP to be hit ranges between 1 to 5 days (since I use high TFs)!
The above call on EUR/USD & USD/CHF has an extremely high probability of occurring (>97%), but the time allowed for the trade is till next Tuesday (London Close).
Given that today we have the FOMC, your drawdown could be huge if you don't manage your money correctly.

Best of Luck,
Jay
  • #8,269
  • Sep 17, 2014 5:20am Sep 17, 2014 5:20am
Quoting FX-Jay
Looking for a 40 pip drop in USD/CHF, that will help the EUR/USD test 1.3 (which is also a level I am looking for) I'll be taking small positions here and adding to them if the $ strengthens pre/post FOMC. Please be careful if you want to follow these calls! Since the beginning of the strategy testing on Monday I made 45 trades with a 100% winning ratio, but please keep in mind that this is a probability strategy, and despite the fact of having a losing trade is very low, it is not impossible! What's more important is the following: When I take...
Great explanation FX-Jay.
Are you using pure TZ/RZ or combining other tools?
I have 1.3 as one of the numbers in the higher area beginning 1.2980ish. The exact number I have is 1.3004
A pip is only worth it if you know how much you risked to earn it
  • #8,270
  • Sep 17, 2014 5:23am Sep 17, 2014 5:23am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting orid
{quote} Hi pigh and welcome , I think you will find that most people here that are trading successfully are using most if not all methods mentioned from page one , so its absolutely imperative to read from the start , to understand it all , (Im still struggling somewhat) just started from scratch again , well worth it imo. Good luck and Regards Orid peter
+1

It is only by reading the thread and experimenting with some of the ideas presented that you will hopefully adapt into your own system.
There is no defined system in this thread just a lot of great ideas that you can use to create your own system.

Regards

Neio
An expert is a man who has made all the mistakes which can be made
  • #8,271
  • Sep 17, 2014 5:31am Sep 17, 2014 5:31am
Quoting vlady1974
{quote} Try this {quote} There really ought to be a summary website for this now for the newcomers.
Thank you a lot!
I am particularly interested in the There's CI, there ZigZag Bollinger - not so much in the T/R approach, too fancy/complicated for my humble taste.

I will get back to the Stoch / Bollinger posts...

Thank you
Lorenzo
  • #8,272
  • Sep 17, 2014 5:33am Sep 17, 2014 5:33am
Quoting lorbax
{quote} Thank you a lot! I am particularly interested in the There's CI, there ZigZag Bollinger - not so much in the T/R approach, too fancy/complicated for my humble taste. I will get back to the Stoch / Bollinger posts... Thank you
If you can seek out MadMoney, he was the CI King. Pay attention to get the right indicator file and the right settings per timeframe. Those two things are most important. I would take MadMoney's approach to the signals. I think that's where the "artistic" interpretation is but is also where you can develop as a trader in terms of making it part of your style.
A pip is only worth it if you know how much you risked to earn it
  • #8,273
  • Sep 17, 2014 5:46am Sep 17, 2014 5:46am
Just a friendly warning to those not here in England about the Scottish Independence vote tomorrow. I'd be very wary about trading FTSE and GBP pairs - lot of money to be made if you get it right but opposite equally true.
  • #8,274
  • Edited 6:04am Sep 17, 2014 5:47am | Edited 6:04am
Quoting vlady1974
{quote} Great explanation FX-Jay. Are you using pure TZ/RZ or combining other tools? I have 1.3 as one of the numbers in the higher area beginning 1.2980ish. The exact number I have is 1.3004
The core of the system is based on the TZ/RZ theory that I first got to know about on this thread in particular.
After some experimenting, I decided to add a twist to it, and boy what a twist it was

I'm looking for 0.93 in USD/CHF & 1.2984 in EUR/USD as a minimum, but the ideal would be 1.3
  • #8,275
  • Sep 17, 2014 5:50am Sep 17, 2014 5:50am
Quoting FX-Jay
{quote} The core of the system is based on the TZ/RZ theory that I first got to know about on this thread in particular. After some experimenting, I decided to add a twist to it, and boy what it twist it was I'm looking for 0.93 in USD/CHF & 1.2984 in EUR/USD as a minimum, but the ideal would be 1.3
OOoohh! I like that!
A pip is only worth it if you know how much you risked to earn it
  • #8,276
  • Sep 17, 2014 6:02am Sep 17, 2014 6:02am
Quoting FX-Jay
{quote} The core of the system is based on the TZ/RZ theory that I first got to know about on this thread in particular. After some experimenting, I decided to add a twist to it, and boy what it twist it was I'm looking for 0.93 in USD/CHF & 1.2984 in EUR/USD as a minimum, but the ideal would be 1.3
I can see now why you've projected this. Great work.
Are you shorting into USDCHF or buying the bounce or selling the break of .93
A pip is only worth it if you know how much you risked to earn it
  • #8,277
  • Sep 17, 2014 6:07am Sep 17, 2014 6:07am
Quoting vlady1974
{quote} I can see now why you've projected this. Great work. Are you shorting into USDCHF or buying the bounce or selling the break of .93
Shorting into it
Will keep on adding to the shorts as it goes up (if it does)
  • #8,278
  • Sep 17, 2014 6:53am Sep 17, 2014 6:53am
Quoting vlady1974
{quote} I can see now why you've projected this. Great work. Are you shorting into USDCHF or buying the bounce or selling the break of .93
wish I could sigh , ill keep on truckin lol
sent email sorry I was slow, she whom must be obeyed called me .
Regards Orid peter
  • #8,279
  • Sep 17, 2014 7:02am Sep 17, 2014 7:02am
Did anyone had a unsolved problem around .29500 about 1,5-2 hours ago? just wondering if I am on the right track or that its just my luck.
  • #8,280
  • Sep 17, 2014 7:09am Sep 17, 2014 7:09am
Quoting Robertk
Did anyone had a unsolved problem around .29500 about 1,5-2 hours ago? just wondering if I am on the right track or that its just my luck.
I would say that it is unresolved if it does not print a bottom that closes outside Bollinger. That heavily implies that price will need to revisit that level to resolve it.
A pip is only worth it if you know how much you risked to earn it
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