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The similarity system

  • #8,281
  • Sep 17, 2014 7:20am Sep 17, 2014 7:20am
Quoting hukam
{quote} zz {image}
zz
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  • #8,282
  • Sep 17, 2014 7:22am Sep 17, 2014 7:22am
Here are some of the orders I have open with their TPs if anyone would like to have some ideas:
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  • #8,283
  • Edited 8:53am Sep 17, 2014 7:32am | Edited 8:53am
Is there a problem at 1.2917 -1.2910 ?
Good friends are more valuable than gold ...
  • #8,284
  • Sep 17, 2014 7:32am Sep 17, 2014 7:32am
Quoting FX-Jay
Here are some of the orders I have open with their TPs if anyone would like to have some ideas: {image}

All of those trades are high probability trades (i.e. probability of the set TP being hit is >90%)

One way of trading this is by taking the same orders as I did, but if you're not into exotics and you don't want to pay large spreads then there is another way to look at this and use it to your advantage:

Out of the 7 high probability trades opened (note: the 2 USDSGD trades are counted as 1) there are 4 different pairs that are short USD (add to that my short USD/CHF call and you'll have 5 different pairs implying USD short).
In addition, there are 2 pairs that imply Long EUR.

So take a moment and think of the above.
Will you long EUR/USD or short it?

(Please don't forget that the above trades have maturity till Tuesday @ London's close!)
  • #8,285
  • Sep 17, 2014 7:33am Sep 17, 2014 7:33am
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 see it too. I can't see anything special about 1.2984, except it's in a strong resistance area. Oh well...
You reap what you sow.
  • #8,286
  • Sep 17, 2014 7:34am Sep 17, 2014 7:34am
Quoting FX-Jay
Here are some of the orders I have open with their TPs if anyone would like to have some ideas: {image}
Nice of you Fx , to post those
I may have to kidnap you along with josh ,Vlady and a few others , you will all be tortured for information ,or held to ransom maybe hehe
Regards orid peter
  • #8,287
  • Sep 17, 2014 7:36am Sep 17, 2014 7:36am
Quoting hukam
{quote} zz {image}
Nice mate gold is my fav

I see you are manually putting the area too pull back to but how are you finding these areas?

  • #8,288
  • Sep 17, 2014 7:53am Sep 17, 2014 7:53am
maybe i´m seeing it all totally wrong. Does nobody see a problem at 1.28622?

TWEE, revoke my membership.
  • #8,289
  • Edited 8:54am Sep 17, 2014 8:01am | Edited 8:54am
Quoting Bartleby
maybe i´m seeing it all totally wrong. Does nobody see a problem at 1.28622?
That is my next target (after 1.2917 - 1.2910 is reached), and my long term target is 1.2755 - 1.2745.
I think it will go up to about 1.2989 - 1.2993, and down very deep, after Fomc.
Good friends are more valuable than gold ...
  • #8,290
  • Edited 8:47am Sep 17, 2014 8:04am | Edited 8:47am
Quoting pedma
{quote} That is my next target (after 1.2917 is reached), and my long term target is 1.2755. I think it will go up to about 1.2989, and down very deep, after Fomc.
Edit Yes I think so. Down before up but be careful..there may be problems

Edit nice 10 pips now to wait and see what she does

Edit 1.295ish got cleared but not the way I expected..not ready to come down yet maybe?
I want more brain power!
  • #8,291
  • Sep 17, 2014 8:10am Sep 17, 2014 8:10am
I really think otherwise. FOMC will be bad and EUR will go up I believe. Downtrend is almost over.
  • #8,292
  • Edited 9:18am Sep 17, 2014 8:13am | Edited 9:18am
Quoting cfdtaleong
{quote} Edit Yes I think so. Down before up but be careful..there may be problems

Edit nice 10 pips now to wait and see what she does

Edit 1.295ish got cleared but not the way I expected..not ready to come down yet maybe?
You are right mate. It is going down now. Will put a buy limit at 1.2949, TP around 1.2989.
Edit: Any one trade NZD/USD ? i think it is more clear on that pair, NU will down.
Good friends are more valuable than gold ...
  • #8,293
  • Sep 17, 2014 8:14am Sep 17, 2014 8:14am
Quoting hukam
i am later cover... price have some correction my indicators at lower level {image}
..
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  • #8,294
  • Sep 17, 2014 8:16am Sep 17, 2014 8:16am
If we go lower, Zones to watch are 12917-12907 and lower are 12886-12877!

I am off to play golf so good luck
  • #8,295
  • Edited 8:49am Sep 17, 2014 8:20am | Edited 8:49am
Quoting josh11
If we go lower, Zones to watch are 12917-12907 and lower are 12886-12877! I am off to play golf so good luck
Thanks josh. I am sure you can do a "hole in one" ... enjoy ...
Edit: i will put a bigger SL, bigger than default 10 pips, because of Fomc
Good friends are more valuable than gold ...
  • #8,296
  • Sep 17, 2014 8:37am Sep 17, 2014 8:37am
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...
I like your style Jay, that is how I am using the TZ zones also, probabilities, there is also a pattern the market makes that confirms if the TZ will hold or break, I cannot share, but it is there if you look carefully.

I have too many demo's going right now testing different theories. All seem to be working great, so I am looking to integrate into one complete strategy.

Subscribing! BTW fantastic results, keep it up!
  • #8,297
  • Sep 17, 2014 8:39am Sep 17, 2014 8:39am
Quoting NorthTrader
{quote} Wish I could see it too. I can't see anything special about 1.2984, except it's in a strong resistance area. Oh well...
Apologies.
Picture says 1000 words and all that. I did this very quickly so no detailed number crunching as gone into it.

Attached Image (click to enlarge)
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Here, we see a clear downtrend with falling bottoms and no top. So if a swing top was to happen but fail (again), I'd like to see at least a test of that low at .93
For it to bounce back up (because fundamentally USD is strong) then I expect to see my other indicators show the same patterns, etc.
A pip is only worth it if you know how much you risked to earn it
  • #8,298
  • Sep 17, 2014 8:47am Sep 17, 2014 8:47am
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.
Hey Robert, long time on thread, I have 1.2949 -1.2955 there are a cluster of HIGH probability targets there. Being taken out now.
  • #8,299
  • Sep 17, 2014 8:55am Sep 17, 2014 8:55am
1.2971 or higher.
  • #8,300
  • Sep 17, 2014 9:01am Sep 17, 2014 9:01am
Quoting Baillie
{quote} Hey Robert, long time on thread, I have 1.2949 -1.2955 there are a cluster of HIGH probability targets there. Being taken out now.
Hey Baillie, yeah been a while Decided to modify/tweak my 2nd strategy a little bit with the information found in here. At the moment playing a little bit with MTF and TZ/RZ.
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