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The similarity system

  • #8,361
  • Sep 18, 2014 2:57am Sep 18, 2014 2:57am
Quoting ephisi
{quote} The past few days revealed to me how to spot the tricky price action days we have had for some days. it usually occurs when bears are trying to reverse the trend. meaning higher lows higher highs in a bear trend and vice versa Thanks mate! Thanks for the advice. need to give it time. will continue with what im good at while i perfect new stuffs im looking for optimal level to short. Are you in already?...
I'm waiting for 1h and 15m to agree. No price calcs this morning yet, but eyeballing my ZZBB I reckon it's between 2890 and 2908.... In fact I think the 1H already capped that and the price level is falling as current price action remains indecisive. But the big number is 2750 give or take 10/20 for over or under shoot. That's 150 pips in the bag...more if you load up.
A pip is only worth it if you know how much you risked to earn it
  • #8,362
  • Sep 18, 2014 3:05am Sep 18, 2014 3:05am
i agree with you, down down down 1.20 final target.

im eyeying 1.2907/21 range for short if we get there. if im getting close to a signal i will update. practising new stuff on demo while i wait
  • #8,363
  • Sep 18, 2014 3:42am Sep 18, 2014 3:42am
Quoting ephisi
i agree with you, down down down 1.20 final target. im eyeying 1.2907/21 range for short if we get there. if im getting close to a signal i will update. practising new stuff on demo while i wait
We're on the same wavelength.

Something you said about the bear flag had me looking at charts and reminded me of something I saw 2 days ago but I didn't post it. To me, all bear flags rise from left to right. Traditional tech analysis books say that describes a reversal flag, but in today's modern trading world with automated trading, I don't believe that to be the case anymore.

Here's a newbie rule on continuation. I actually learned this from an eBook but the example was clear and I tested it MANY times and found it to be true.
Rule: After a pump in any direction, consolidations will tend to continue in the same direction as momentum, unless something significant forces the opposite.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-4H.JPG Size: 60 KB

Here's my take on it. Law of inertia. Eurusdd mentioned his trading philosophy a while back, and I posted mine. One of those tenets is that price flows like liquid and it is subject to the Law of Inertia. In the chart below, we see EU with a pump downwards.... it broke alot of 1.3XX levels. When it stopped, consolidation happened and that's when everyone started going crazy (again) about direction. The rule however states that it will continue south... but it does this by rising from left to right. I challenge anyone to find smaller timeframe examples of a fall,consolidation (rising left to right) then fall again.... there are LOADS of them.

Now, of course let's not forget the last bit of the rule "unless significant force" creates a reversal. On EU, it could only be news from the powers that be. That's history. But the rising "flag" is what I look out for. If price moves in ranges and the range is capped...I would look for HH and LL within the range. Any spikes that breakout... but are not followed by bullish retraces, are signs of a continuation flag.

And if you have this framework in your head... how much more powerful with TZ and DS/SIM.... and ZZBB or CI if you overlay this accuracy tools over a genarlised map?
A pip is only worth it if you know how much you risked to earn it
  • #8,364
  • Sep 18, 2014 4:01am Sep 18, 2014 4:01am
The TLTRO announcement is going to be important EU news. Watch market reaction to this... and if favourable (ie more bad news for currency) then you know what to do!
A pip is only worth it if you know how much you risked to earn it
  • #8,365
  • Sep 18, 2014 4:09am Sep 18, 2014 4:09am
i.2895 could be todays high. not confirmed yet.
  • #8,366
  • Sep 18, 2014 4:22am Sep 18, 2014 4:22am
my target 2830 at mo
  • #8,367
  • Sep 18, 2014 4:23am Sep 18, 2014 4:23am
Quoting ephisi
i agree with you, down down down 1.20 final target. im eyeying 1.2907/21 range for short if we get there. if im getting close to a signal i will update. practising new stuff on demo while i wait

Nice rejection to the pip from the lower band of my levels 1.2907. it didnt give me time to enter. hope it retests
  • #8,368
  • Sep 18, 2014 4:29am Sep 18, 2014 4:29am
Quoting ephisi
i agree with you, down down down 1.20 final target. im eyeying 1.2907/21 range for short if we get there. if im getting close to a signal i will update. practising new stuff on demo while i wait
Quoting vlady1974
{quote} I'm waiting for 1h and 15m to agree. No price calcs this morning yet, but eyeballing my ZZBB I reckon it's between 2890 and 2908.... In fact I think the 1H already capped that and the price level is falling as current price action remains indecisive. But the big number is 2750 give or take 10/20 for over or under shoot. That's 150 pips in the bag...more if you load up.
Excellent.

I've shorted at a conservative price of 2881. I waited for the 5M and 15M to finish.
A pip is only worth it if you know how much you risked to earn it
  • #8,369
  • Sep 18, 2014 5:03am Sep 18, 2014 5:03am
Trying to compete with the posts from fx-jay.

Results are only from today.

Everyone can do this!
Attached Image (click to enlarge)
Click to Enlarge Name: Skærmbillede 2014-09-18 kl. 11.58.47.png Size: 182 KB
Not about how much you win, but how much you loose
  • #8,370
  • Sep 18, 2014 5:07am Sep 18, 2014 5:07am
Quoting Mj-
Who can help me?? After download template then mychart show like this And I add indicator r-v1, r-v2 to my chart but it does not show. why ??? {image}
Do you use the indicator at page 1 (old version) on your mt4 platform build 6xx? if yes, try to download R-v1 670 and R-v2 670, these are for mt4 build 6xx. Hope this helps.
Good friends are more valuable than gold ...
  • #8,371
  • Sep 18, 2014 5:12am Sep 18, 2014 5:12am
Quoting Ullen
Trying to compete with the posts from fx-jay. Results are only from today. Everyone can do this! {image}
Awesome!!
A pip is only worth it if you know how much you risked to earn it
  • #8,372
  • Sep 18, 2014 5:14am Sep 18, 2014 5:14am
Quoting Ullen
Trying to compete with the posts from fx-jay. Results are only from today. Everyone can do this! {image}
Ou, so many of us having good result. Great, this is a proof that Eurusdd's concept works perfectly !!
Good friends are more valuable than gold ...
  • #8,373
  • Sep 18, 2014 5:19am Sep 18, 2014 5:19am
Quoting vlady1974
{quote} {quote} Excellent. I've shorted at a conservative price of 2881. I waited for the 5M and 15M to finish.
I think she has some strength for one more push up. it may take a while. waiting for another push up. signal getting close
  • #8,374
  • Sep 18, 2014 5:25am Sep 18, 2014 5:25am
Quoting Ullen
Trying to compete with the posts from fx-jay. Results are only from today. Everyone can do this! {image}
Pure TZ?
I want more brain power!
  • #8,375
  • Sep 18, 2014 5:27am Sep 18, 2014 5:27am
Quoting cfdtaleong
{quote} Pure TZ?
Nope. Very little TZ
Not about how much you win, but how much you loose
  • #8,376
  • Edited 5:54am Sep 18, 2014 5:32am | Edited 5:54am
Quoting vlady1974
{quote} We're on the same wavelength. Something you said about the bear flag had me looking at charts and reminded me of something I saw 2 days ago but I didn't post it. To me, all bear flags rise from left to right. Traditional tech analysis books say that describes a reversal flag, but in today's modern trading world with automated trading, I don't believe that to be the case anymore. Here's a newbie rule on continuation. I actually learned this from an eBook but the example was clear and I tested it MANY times and found it to be true. Rule: After...
Hi Vlady, your ZzBb method is great, we can use it for any pair. Thanks. If i have a "narrow zone" using R-v2 (like the "modified DS zone"), how long its lifetime? This SIMILAR' ITY concept can be used every where, i LIKE it so much. Just like if we eat a cake, this one is a very DELICATE one , isn't it ???
Good friends are more valuable than gold ...
  • #8,377
  • Sep 18, 2014 5:34am Sep 18, 2014 5:34am
Quoting ephisi
{quote} I think she has some strength for one more push up. it may take a while. waiting for another push up. signal getting close
we may or may not get as high as 1.2907 again, 1.2895 is where i would start watching
  • #8,378
  • Sep 18, 2014 5:50am Sep 18, 2014 5:50am
Quoting Ullen
Trying to compete with the posts from fx-jay. Results are only from today. Everyone can do this! {image}
WOW enlighten me please

cheers
hannele
  • #8,379
  • Sep 18, 2014 5:56am Sep 18, 2014 5:56am
Quoting Ullen
Trying to compete with the posts from fx-jay. Results are only from today. Everyone can do this! {image}
Hi Ulle, are you trading manually or with hands-free script?

Please, I am paranoic, be carefully with feeding the MT4 servers with the entire code of this strategy, I am worried about the end of these arbitrage opportunities
  • #8,380
  • Sep 18, 2014 6:04am Sep 18, 2014 6:04am
Quoting Pigh77
{quote} Hi Ulle, are you trading manually or with hands-free script? Please, I am paranoic, be carefully with feeding the MT4 servers with the entire code of this strategy, I am worried about the end of these arbitrage opportunities
I am trading manually, and i have no code. Just my brain
Not about how much you win, but how much you loose
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