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The similarity system

  • #8,561
  • Sep 19, 2014 4:54am Sep 19, 2014 4:54am
Quoting ephisi
{quote} target 1.2830 and below. based on my analysis 1.2830ish is on the card. a break below 1.2830 will lead to 1.2750. now i know when to switch betwwen scalping mode and swinging mode
  • #8,562
  • Sep 19, 2014 5:06am Sep 19, 2014 5:06am
i now see what you guys seen long are seeing. Bulls are hoping for a reversal. it may reverse. i am not sure so will just stick to my own analysis.
Time will tell. above 1.28855 bulls have hope.

to me we are in a down trend. but the previous reversal patterns started playing out just the way today is playing out. i will learn something if i am wrong
  • #8,563
  • Sep 19, 2014 5:19am Sep 19, 2014 5:19am
Quoting hepsibah
{quote} I agree that it is looking distinctly bearish. My problem is that we haven't had a top TZ to go down from and I think caution is needed on shorts until that forms. A close below 1.28726 on M15 or higher tf will definitely have me short but I'll still be holding my longs as I have something from eurusdd's charts last w/e that makes me think it unlikely it will go further than 40-50 pips away from 1.2910 before returning. And if we hit that, we may be going onto 1.2962.
Well that could hardly have been closer, a M15 close at 1.28725, so I have a short with a 3 pip SL as it doesn't seem totally convincing. Nothing in a rush today and no news to give it a shove. Could be a long day zzzzzz
  • #8,564
  • Sep 19, 2014 5:34am Sep 19, 2014 5:34am
Next stop should be 1.2845. what do i know. thats what d chart tells me. no one should follow my direction. trade at your own risk. only orid has really agrreed with shorts fully
  • #8,565
  • Sep 19, 2014 5:40am Sep 19, 2014 5:40am
Quoting hepsibah
{quote} I agree that it is looking distinctly bearish. My problem is that we haven't had a top TZ to go down from and I think caution is needed on shorts until that forms. A close below 1.28726 on M15 or higher tf will definitely have me short but I'll still be holding my longs as I have something from eurusdd's charts last w/e that makes me think it unlikely it will go further than 40-50 pips away from 1.2910 before returning. And if we hit that, we may be going onto 1.2962.
interesting. please what is that something that you have on your charts.

just a question, must 1hr form a top trz? i believe 1 to 5mins tf have posted top trzs. to me thats enough
  • #8,566
  • Sep 19, 2014 5:46am Sep 19, 2014 5:46am
Quoting hepsibah
{quote} Well that could hardly have been closer, a M15 close at 1.28725, so I have a short with a 3 pip SL as it doesn't seem totally convincing. Nothing in a rush today and no news to give it a shove. Could be a long day zzzzzz

you may try to pick a bottom at 1.2860. a good spot. but i wont. learnt my lessons. i will know exactly when the bottom appears. will update the house 1.2860ish approached
  • #8,567
  • Sep 19, 2014 5:49am Sep 19, 2014 5:49am
@vlady youre busy watching and scalping transient zones. lol. how is it going mate.? scalping needs so much focus. thats why i was away for some time.
the scalpers are usually silent for long periods
  • #8,568
  • Sep 19, 2014 6:03am Sep 19, 2014 6:03am
Quoting ephisi
{quote} interesting. please what is that something that you have on your charts. just a question, must 1hr form a top trz? i believe 1 to 5mins tf have posted top trzs. to me thats enough
It depends on the size of your h but, with the different h's I am now using for different tf's, I am looking for a new top TZ to begin developing on all tf's. H4 for instance is now heading back down to its last TZ bottom without having made a single new HH and it isn't usually comfortable with that.

Anyway, I'm now flat. My next target downwards is 1.28559 but that isn't far enough away for me to risk new shorts. If we get a close below that, I'll wait for a new LL and then a touch back above to go long to take care of 1.2910. If it goes back up above 1.28726 without a low below 1.28559, I'll be back in long. Expensive day for me so far but at least I'm following my own rules today instead of making them up as I go along like yesterday - thought I was well past that stage LOL.
  • #8,569
  • Sep 19, 2014 6:05am Sep 19, 2014 6:05am
Quoting ephisi
{quote} 1.2930 was a good swing top for short. I overlooked an aspect of my signal. Oh well As vlady said it will take time to sink in, if 1hr close below 1.28894 we will may have a small leg up then down to 1.2860. My eyes will now be on 1.2860
Quoting ephisi
{quote} a 1hr candle close above 1.2930 should confirm next strong bull wave which may complete eurusds reversal a 1hr candle close below 1.2894 should confirm the next weak bearish wave toward 1.2860, before next wave up again. Guys im not 100percent sure. Just my analysis. Price action has become crazy. One needs to be careful these days

bam 1.2860
this is not the bottom but she may retrace a bit
will tell when she bottoms out
  • #8,570
  • Sep 19, 2014 6:13am Sep 19, 2014 6:13am
Quoting hepsibah
{quote} It depends on the size of your h but, with the different h's I am now using for different tf's, I am looking for a new top TZ to begin developing on all tf's. H4 for instance is now heading back down to its last TZ bottom without having made a single new HH and it isn't usually comfortable with that. Anyway, I'm now flat. My next target downwards is 1.28559 but that isn't far enough away for me to risk new shorts. If we get a close below that, I'll wait for a new LL and then a touch back above to go long to take care of 1.2910. If it goes...

YEA MATE . FOLLOW YOUR RULES AND SEE WHERE YOU MISSED IT

in a stong trend 4hr/1hr wont post Top trzs for a while
  • #8,571
  • Sep 19, 2014 6:16am Sep 19, 2014 6:16am
Below 1.2860 will be attempting 45 then 30. 1.2867/68 is the highest i think she will retrace too before going under 60. It may go as high as it wants for all i care. i wont go long. shorting rallies

I MAY BE WRONG
  • #8,572
  • Sep 19, 2014 6:29am Sep 19, 2014 6:29am
Quoting orid
{quote}

Orid i see you
  • #8,573
  • Sep 19, 2014 6:32am Sep 19, 2014 6:32am
Remember there is one respected person within this forum confident of 1.30'ish by Monday night.
  • #8,574
  • Sep 19, 2014 6:37am Sep 19, 2014 6:37am
Quoting handy148
Remember there is one respected person within this forum confident of 1.30'ish by Monday night.
who is that person please? remember that there is no 100percent call buddy. confident dosnt equal certainty
  • #8,575
  • Sep 19, 2014 6:38am Sep 19, 2014 6:38am
1.2860 is a bit strong. it may drag her back up or close around 60ish on 1hr
  • #8,576
  • Sep 19, 2014 6:51am Sep 19, 2014 6:51am
me thinks maybe too much info coming here now , (no offence please0
Point is if you have worked it out reasonably well you should make an easy 10 - 20 pips a day with very very little risk and lots more if you use different tfs
Regards orid peter
  • #8,577
  • Sep 19, 2014 6:55am Sep 19, 2014 6:55am
Quoting orid
me thinks maybe too much info coming here now , (no offence please0 Point is if you have worked it out reasonably well you should make an easy 10 - 20 pips a day with very very little risk and lots more if you use different tfs Regards orid peter

check your PM
  • #8,578
  • Sep 19, 2014 7:03am Sep 19, 2014 7:03am
ok, out of shorts. we may reverse temporarily or permanenntly from here
  • #8,579
  • Sep 19, 2014 7:13am Sep 19, 2014 7:13am
45hit as i suggested. Im done for today. we could keep going lower. monday is another day.
Bye
  • #8,580
  • Sep 19, 2014 7:30am Sep 19, 2014 7:30am
I had 3 great trades overnight from a new found friend, USDMXN, first trade went a little against but I found a better price and added another position.

EURUSD + 17 (1) position

USDMXN + 43 (2) position.s

I have been using TZ/RZ along with "probability", I could have had more but I used conservative targets to keep my pips.
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