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The similarity system

  • #8,421
  • Sep 18, 2014 9:21am Sep 18, 2014 9:21am
Quoting cfdtaleong
Shorted @ 1.2886 with small target of 1.2875. Keeping it very very simple based only on the way I read the TZs and a bit of BB. Lets see if I embarrass myself
only the bold and fearless do such, and only those who are not afraid to fail, to be embarrassed or laughed at achieve great feats in life
  • #8,422
  • Sep 18, 2014 9:22am Sep 18, 2014 9:22am
Quoting ephisi
sure 30pips. we are hitting 1.2857
Stopped out or not yet?
  • #8,423
  • Sep 18, 2014 9:27am Sep 18, 2014 9:27am
Quoting FX-Jay
{quote} Stopped out or not yet?
So .. you seem happy about people losing money..or what is this post about?
TWEE, revoke my membership.
  • #8,424
  • Sep 18, 2014 9:30am Sep 18, 2014 9:30am
Quoting vlady1974
{quote} Hey, I just spotted this... apologies my friend. This is an interesting one.... I will have to dig this out to confirm at home, but I recall that Eurusdd may have initially mentioned.....35 days? Can't remember. It was a fixed number anyway. But I doubled it on one of my charts...... and guess roughly when price returned, 70 days later. Hence, DS Zones are NOT like Demand/Supply... you need to move away from them because they are abitrage points. When the market is ready to address the misprice, it will do so in its own time....
I was correct. The default was 35 days.
A pip is only worth it if you know how much you risked to earn it
  • #8,425
  • Sep 18, 2014 9:33am Sep 18, 2014 9:33am
crazy price action as expected. dont be caught offguard
  • #8,426
  • Sep 18, 2014 9:33am Sep 18, 2014 9:33am
Quoting ephisi
{quote} only the bold and fearless do such, and only those who are not afraid to fail, to be embarrassed or laughed at achieve great feats in life
True indeed. In fact should the trade fail I'll actually learn more about the TZs, if it works I could potentially fall prey to "confirmation bias"
I want more brain power!
  • #8,427
  • Sep 18, 2014 9:53am Sep 18, 2014 9:53am
stopped out of last trade. Done trading for today. Need to see how this plays out

@vlady eurusd the frequency of these flag and its crazy effects on price action is becoming unrealistic. traders who hold trades for long periods would have to take a break in such market.

scalpers paradise
  • #8,428
  • Sep 18, 2014 9:58am Sep 18, 2014 9:58am
Quoting ephisi
stopped out of last trade. Done trading for today. Need to see how this plays out @vlady eurusd the frequency of these flag and its crazy effects on price action is becoming unrealistic. traders who hold trades for long periods would have to take a break in such market. scalpers paradise
weekly pin bar forming allover again, some deep pockets seriously want to reverse eurusd
  • #8,429
  • Sep 18, 2014 10:00am Sep 18, 2014 10:00am
Quoting Bartleby
{quote} So .. you seem happy about people losing money..or what is this post about?
Not really, but it just kicks on my nerve when someone says "sure" pips
Since i started the testing of my system i have made 85/85 winning trades, yet in almost every post i keep on repeating that despite the fact that I chose 90%+ probability trades, there is always a risk of of 5%.

So basically its the bold statement that ephisi stated which got me to reply.
No disrespect to ephisi whatsoever, nor do I wish anyone loss
  • #8,430
  • Sep 18, 2014 10:04am Sep 18, 2014 10:04am
I'm still under 1.2860.
We'll see what happens

EDIT: 1,2890 FIRST
  • #8,431
  • Sep 18, 2014 10:10am Sep 18, 2014 10:10am
Quoting FX-Jay
{quote} Not really, but it just kicks on my nerve when someone says "sure" pips Since i started the testing of my system i have made 85/85 winning trades, yet in almost every post i keep on repeating that despite the fact that I chose 90%+ probability trades, there is always a risk of of 5%. So basically its the bold statement that ephisi stated which got me to reply. No disrespect to ephisi whatsoever, nor do I wish anyone loss
People's lexicons are always up for misinterpretation - I'm sure Ephisi has his own meaning of "sure" and we're all subject to the true test of actuality.
Having said that, EU is a right little biatch today - I'm still in. It's paused at 2920, we'll see. Closing under 2915 on the 15M is important to move lower.
A pip is only worth it if you know how much you risked to earn it
  • #8,432
  • Sep 18, 2014 10:19am Sep 18, 2014 10:19am
Always believe in your system and trust your intuition.

I must admit that I was so close to give up my bullish targets on eur/usd after reading all those bearish comments here (which are coming from people I follow before I even started with this system)

I am maintaining my 1.299 target on eur/usd and 0.93 target on usd/chf ( it's still not Tuesday yet, no? )

Despite not giving up my targets, you guys sure had an effect on me & I did close the positions I took at lower prices and was planning to keep for 1.299
  • #8,433
  • Sep 18, 2014 10:25am Sep 18, 2014 10:25am
While almost everyone was shorting or looking for a place to short, I was adding up positions and doing some scalping.
Eventually I went out of my long positions (except the pre FOMC ones)

EDIT: Hoping for a drop do load up again

That kind of explains the trades for today
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  • #8,434
  • Sep 18, 2014 10:27am Sep 18, 2014 10:27am
Quoting FX-Jay
Always believe in your system and trust your intuition. I must admit that I was so close to give up my bullish targets on eur/usd after reading all those bearish comments here (which are coming from people I follow before I even started with this system) I am maintaining my 1.299 target on eur/usd and 0.93 target on usd/chf ( it's still not Tuesday yet, no? ) Despite not giving up my targets, you guys sure had an effect on me & I did close the positions I took at lower prices and was planning to keep for 1.299
I understand you now!
And I empathise. You're right to trust what you know and rely on your intuition.

I defer back to the good old, "Trading In the Zone".... no one knows what will happen next. We're all subjects to the master that is probability. It's emotional because it's money earned or lost attached to whether we are right or not. But if we accept that we all don't know, then each trade is not a right/wrong question but a simple IS/ISN'T and there's no judgement in that at all. No need to say right or wrong.... because it was on a scale of probabilities. Even Eurusdd has had those days!
A pip is only worth it if you know how much you risked to earn it
  • #8,435
  • Sep 18, 2014 10:32am Sep 18, 2014 10:32am
Quoting ephisi
{quote} weekly pin bar forming allover again, some deep pockets seriously want to reverse eurusd
Try checking this out: http://www.forexfactory.com/showthread.php?p=7744973#post7744973
Those deep pockets are into something
  • #8,436
  • Sep 18, 2014 10:36am Sep 18, 2014 10:36am
EURUSD
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  • #8,437
  • Sep 18, 2014 10:40am Sep 18, 2014 10:40am
Nice entry on gold

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(SL on BE)
Bottomless wonders spring from simple rules, which are repeated without end
  • #8,438
  • Sep 18, 2014 10:42am Sep 18, 2014 10:42am
Quoting hukam
EURUSD {image}
We all use different Oscillators- stochastic, RSI, Macd, Cycle ind. they have little different signal but its does not means they are not valid. what you learn and see on your chart stick to it. plan it.
thanks & regards
Hukam
  • #8,439
  • Sep 18, 2014 10:43am Sep 18, 2014 10:43am
Quoting vlady1974
{quote} I understand you now! And I empathise. You're right to trust what you know and rely on your intuition... Even Eurusdd has had those days!
Wise words Vlad, I always keep repeating to myself that success comes when you put emotions on the side.
Maybe that's one of the main reasons I prefer higher Time Frames, much less emotions are involved compared to lower TFs & scalping

Btw having mentioned EURUSDD, I believe he still have the conviction that there is a problem that needs to be corrected on the Daily charts around 1.334 i guess
This also complements my theory on a relatively big correction on eur/usd in the near future (although my theory on this has nothing to do with charts or TA)
  • #8,440
  • Sep 18, 2014 10:45am Sep 18, 2014 10:45am
Quoting limprobable
Nice entry on gold {image} (SL on BE)
I like that. Alot. I avoided this whilst it broke 1250. May look at it again.
A pip is only worth it if you know how much you risked to earn it
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