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The similarity system

  • #8,461
  • Edited 11:14am Sep 18, 2014 9:38am | Edited 11:14am
Quoting FX-Jay
An extremely high probability trade proving itself on USD/MXN Check out the charts with TZ, if you can spot a sell worth 70+ pips then you're on the right track. Just the positive swaps to be gained on selling that thing should be a reward by itself Edit: don't forget the time factor, if you are going to take the trade manage your money accordingly
thanks for the tip. will try to figure it out...with my cat constantly trying to grab my attention and going at my mouse

Edit cept onada does not give me that pair...

Edit no longer necessary
I want more brain power!
  • #8,462
  • Sep 18, 2014 9:39am Sep 18, 2014 9:39am
Quoting vlady1974
{quote} You mean this one on the Monthly? {image}
Nop, I'm selling on daily for a 70 pip move before Tuesday's American session

Btw I've made a time adjustment for the USD/CHF short trade entered previously, so for those who believe that Tuesday is a long time to, they now have one day less. The validity of the trade (0.93) ends on Monday London close rather than Tuesday's London close
  • #8,463
  • Sep 18, 2014 9:42am Sep 18, 2014 9:42am
Quoting hepsibah
{quote} But the beauty of the TZ's is that it doesn't seem to matter, they just keep telling you what next.
yes, thats the way forward. but do you realize you cant realy hold profits for long like former days. if you dont take profit it turns to +0
  • #8,464
  • Sep 18, 2014 9:43am Sep 18, 2014 9:43am
Quoting FX-Jay
An extremely high probability trade proving itself on USD/MXN Check out the charts with TZ, if you can spot a sell worth 70+ pips then you're on the right track. Just the positive swaps to be gained on selling that thing should be a reward by itself Edit: don't forget the time factor, if you are going to take the trade manage your money accordingly
Got it!

Vlady: yours is a buy not SELL; here: An extremely high probability trade proving itself on USD/MXN Check out the charts with TZ, if you can spot a sell worth 70+ pips
  • #8,465
  • Sep 18, 2014 9:45am Sep 18, 2014 9:45am
Quoting Baillie
{quote} Got it! Vlady: yours is a buy not SELL; here: An extremely high probability trade proving itself on USD/MXN Check out the charts with TZ, if you can spot a sell worth 70+ pips
Can I trouble someone to post that chart? MT4 version with TZ
I want more brain power!
  • #8,466
  • Sep 18, 2014 9:48am Sep 18, 2014 9:48am
Looking for a 10+ pip move if 1.2932 gets broken in the coming few minutes

(just some speculation on the 1 minute chart using a variation of my strategy)
  • #8,467
  • Sep 18, 2014 9:49am Sep 18, 2014 9:49am
Quoting Baillie
{quote} Got it! Vlady: yours is a buy not SELL; here: An extremely high probability trade proving itself on USD/MXN Check out the charts with TZ, if you can spot a sell worth 70+ pips
doh! I see it now!

The TZ is defined by the first wick on the left

Edit:
Actually I see 2 tz, the bottom of the leftmost wick to the bottom of the wick to the right of it.
The other is the rightmost wick up to the horizontal line I've put in.
Attached Image (click to enlarge)
Click to Enlarge Name: USDMXN.JPG Size: 70 KB


Edit:
Here's another TZ I spotted.... Right Hand Side TZ
Attached Image (click to enlarge)
Click to Enlarge Name: USDMXN2.JPG Size: 70 KB
A pip is only worth it if you know how much you risked to earn it
  • #8,468
  • Sep 18, 2014 9:51am Sep 18, 2014 9:51am
Quoting ephisi
{quote} yes, thats the way forward. but do you realize you cant realy hold profits for long like former days. if you dont take profit it turns to +0
Ah, yes that seems to be very true. It actually suits me quite well as I became a bit jaded from holding out for DS levels to be returned to but I can see that scalping won't suit everybody, especially if they also have a day job.
  • #8,469
  • Sep 18, 2014 9:56am Sep 18, 2014 9:56am
Quoting hepsibah
{quote} Ah, yes that seems to be very true. It actually suits me quite well as I became a bit jaded from holding out for DS levels to be returned to but I can see that scalping won't suit everybody, especially if they also have a day job.
Yes. Today though I had a winning trade that went to BE. My fault entirely but I do remember days back in 2009 and earlier where you could hold a trade for more than a day without the threat of return past a certain level. Now you see all sorts of wicks, price action that is just plain WTF.... and yes, it's more of a scalpers world which I don't really like (Day Job).... but, having to roll with the punches here. It is what it is. Shite. LOL

Anyway, am Flat. That short from 20 was closed at....guess where?! LOL
A pip is only worth it if you know how much you risked to earn it
  • #8,470
  • Sep 18, 2014 9:59am Sep 18, 2014 9:59am
Quoting vlady1974
{quote} doh! I see it now! The TZ is defined by the first wick on the left Edit: Actually I see 2 tz, the bottom of the leftmost wick to the bottom of the wick to the right of it. The other is the rightmost wick up to the horizontal line I've put in. {image}
That's 1 of the reasons we sometimes have high probability trades & extremely high probability trades
I hope we are being able to help some people here.

Just trying to be fair between both the people that are accusing me of not wanting to help & the others that believe I'm spilling out too much and jeopardizing the strategy for them+myself
  • #8,471
  • Sep 18, 2014 10:04am Sep 18, 2014 10:04am
Quoting vlady1974
{quote} Yes. Today though I had a winning trade that went to BE. My fault entirely but I do remember days back in 2009 and earlier where you could hold a trade for more than a day without the threat of return past a certain level. Now you see all sorts of wicks, price action that is just plain WTF.... and yes, it's more of a scalpers world which I don't really like (Day Job).... but, having to roll with the punches here. It is what it is. Shite. LOL Anyway, am Flat. That short from 20 was closed at....guess where?! LOL
I still held trades few months ago and it was still easy.
  • #8,472
  • Sep 18, 2014 10:09am Sep 18, 2014 10:09am
Ok thanks guys your tips and charts are starting to make sense. I think the whisky is helping. We'll see but I'm grateful as it is
I want more brain power!
  • #8,473
  • Sep 18, 2014 10:30am Sep 18, 2014 10:30am
Quoting vlady1974
{quote} ... Right Hand Side TZ ...
Right Hand Side TZ? This is new for me.
  • #8,474
  • Sep 18, 2014 10:35am Sep 18, 2014 10:35am
Quoting summicron
{quote} Right Hand Side TZ? This is new for me.
It's something that came out of FreeFox's indicator and there seemed to be a recognisable pattern or sequence between the left TZ of the candle in question to the right TZ. Left is confirmed if you like over h bars. The right is future so as the bars come in h-x you don't know if the zone will be breached or not....if it's not, then you have a fully formed TZ across hx2 bars.....sometimes however, you get a pierce of the range but not a full breach....that still makes it valid but reduces the height of the zone by the qty of the breach.
A pip is only worth it if you know how much you risked to earn it
  • #8,475
  • Sep 18, 2014 10:38am Sep 18, 2014 10:38am
Quoting FX-Jay
{quote} That's 1 of the reasons we sometimes have high probability trades & extremely high probability trades I hope we are being able to help some people here. Just trying to be fair between both the people that are accusing me of not wanting to help & the others that believe I'm spilling out too much and jeopardizing the strategy for them+myself
Mate I'm surprised and shocked.
No one is obliged to help anyone here. Period. If it comes, treat lit like gold dust.
this is not a school or a charity. It's a discussion forum. Discuss or not, just don't censor.
A pip is only worth it if you know how much you risked to earn it
  • #8,476
  • Sep 18, 2014 10:40am Sep 18, 2014 10:40am
Does anyone have the file to check TZ's in Forex Tester? I understand we can't use .ex4 files with it.

Thanks in advance.
Life is too short to have anything but delusional notions about yourself.
  • #8,477
  • Sep 18, 2014 10:43am Sep 18, 2014 10:43am
Quoting hoss
Does anyone have the file to check TZ's in Forex Tester? I understand we can't use .ex4 files with it. Thanks in advance.
Doesn't it have to be converted to an EA to be used in the tester?
  • #8,478
  • Sep 18, 2014 10:44am Sep 18, 2014 10:44am
Quoting vlady1974
{quote} It's something that came out of FreeFox's indicator and there seemed to be a recognisable pattern or sequence between the left TZ of the candle in question to the right TZ. Left is confirmed if you like over h bars. The right is future so as the bars come in h-x you don't know if the zone will be breached or not....if it's not, then you have a fully formed TZ across hx2 bars.....sometimes however, you get a pierce of the range but not a full breach....that still makes it valid but reduces the height of the zone by the qty of the breach.
Thanks!

All I know about TZ concept ... till now that is ... is left TZ and it's (rare) potential to become a full TZ.
  • #8,479
  • Sep 18, 2014 10:50am Sep 18, 2014 10:50am
Quoting vlady1974
{quote} Mate I'm surprised and shocked. No one is obliged to help anyone here. Period. If it comes, treat lit like gold dust. this is not a school or a charity. It's a discussion forum. Discuss or not, just don't censor.
Vlady, that's my fault, for his comment. I made the comment yesterday, "not to let the cat out of the bag". I was 1/2 kidding him when I said it.
Of course I would like to know for sure how he does it but I have been checking his numbers against mine to see if we are on the same page, we are very close, to say the least. He has obviously worked out the "timing " I am still working on that part or I should say refining it.

It is hard to post here with valuable information without giving away the house in the process, that is why I do not give out absolute numbers I use. They are GOLDEN.
  • #8,480
  • Sep 18, 2014 10:52am Sep 18, 2014 10:52am
Quoting Baillie
{quote} Doesn't it have to be converted to an EA to be used in the tester?
You could be right. I am not too familiar with the program, but would like to see the TZ's form on it.
Life is too short to have anything but delusional notions about yourself.
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