The similarity system | Page 437 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Similarity: A Practical Approach 859 replies

Similarity Trading - The ZZBB Method 215 replies

Rainbow similarity 256 replies

Similarity Stuff 17 replies

Directional Similarity 0 replies

Attachments: The similarity system
Exit Attachments

The similarity system

  • #8,721
  • Sep 20, 2014 4:14pm Sep 20, 2014 4:14pm
Quoting pedma
{quote} Thanks Litechild. I sent you a PM .
replied
  • #8,722
  • Sep 20, 2014 4:27pm Sep 20, 2014 4:27pm
Quoting Ullen
{quote} Thank you, I agree 100% If people don't understand the forex market, or can't trade without fear they have to remember some things. You can see the forex market as your mood during the day/week/year. If you drop your new iphone in the morning we have a very bearish bar. But chances are that there will happen something during the day that will make you happy again, this is price moving it's way towards the start of the bearish bar. If you have a bad day this is a bearish dayli bar, but there are bullish spikes because there will hapen some...
Lol, its becomeing a trend. that everyone that gets it suddenly becomes philosophical and uses lifes analogies to explain price action. like master eurusdd. i am equally guilty of this. I love the concept of price as an atomic particle
  • #8,723
  • Sep 20, 2014 4:31pm Sep 20, 2014 4:31pm
Quoting vlady1974
{quote} I like your analogy. It's real and something we can relate to. We can always aim to be unemotional machines with complete detachment and iron discipline and resolve to follow our rules. But with real money and pressure, it sometimes doesn't turn out the way you plan. Even with these techniques, I suffer from relapses. We are human. The thing is persistence and consistency - even if you have the bad days. Even more so with studying. Many want to see a plan that guarantees 30-60 pips a day. Many want to see a plan like: when a + b, enter at...
i now understand better what you meant when you told me 'DONT FORCE IT, ALLOW IT TO SINK IN, GO BACK TO WHAT YOU WERE USING BEFORE'

i must confess i dumped the thread once in the past, but for some reason i couldnt just stop coming back.
  • #8,724
  • Sep 20, 2014 5:13pm Sep 20, 2014 5:13pm
Quoting Eurusdd
DON'T CHASE PRICE: Let price come to you!!!! Price is like people/girls dON'T CHASE A GIRL, get money - results, change yourself and SHE WILL COME TO YOU!!! If you chase price down/up, she will turn around and leave you HANGING!!! ---- Draw your line in the sand and stand your ground: She will get tired and run to you!!!
This is one of the best posts in the forum in my opinion. You should trade with the confidence that price will hit your level, and you shouldn't have thoughts such as ''what if it never hits'' or ''come on! Hit my level!''

PATIENCE is one of the most importent components of my trading style and with CONFIDENCE you will place the best rational and proper trades. And you just wait until the girl comes to you because you know what you are doing.

Thank you EURUSDD!
Not about how much you win, but how much you loose
  • #8,725
  • Sep 20, 2014 6:04pm Sep 20, 2014 6:04pm
As I promised here before after testing something I have found I would share with you all...

So we don't need any indicators for this just right click and click on the volume, then click your data window and hover over the bars and you will see the volume reading!

Now if we see the volume bar 1000+ and it continues in the same direction we will find most of the time it will pull-back to the close of this volume bar!

I like to think of an elastic band as a example once price moves with volume and keep going it will eventually spring back!

This is very basic but can give you some ideas on creating this to suit you!

Also this volume bars once occurred most of the time show a turn in the market and if implemented right we can find tops and bottoms a lot of the time with very small risk....

I am using this on the 15 min chart!

Now some of you will read this and want to know how you can make this you own but just start to look at what I am saying here, do some testing and see what you think, I would love people here to share there thoughts too

Remember Price most of the time will return to this point, how can we profit from this do you think?

Just sharing so some of you that are struggling can have some Ideas

BTW this is not how I am finding my Zone on my calls but just a theory hope this helps some of you
  • #8,726
  • Sep 20, 2014 6:12pm Sep 20, 2014 6:12pm
Quoting Ullen
{quote} This is one of the best posts in the forum in my opinion. You should trade with the confidence that price will hit your level, and you shouldn't have thoughts such as ''what if it never hits'' or ''come on! Hit my level!'' PATIENCE is one of the most importent components of my trading style and with CONFIDENCE you will place the best rational and proper trades. And you just wait until the girl comes to you because you know what you are doing. Thank you EURUSDD!
  • #8,727
  • Sep 20, 2014 6:13pm Sep 20, 2014 6:13pm
Quoting josh11
As I promised here before after testing something I have found I would share with you all... So we don't need any indicators for this just right click and click on the volume, then click your data window and hover over the bars and you will see the volume reading! Now if we see the volume bar 1000+ and it continues in the same direction we will find most of the time it will pull-back to the close of this volume bar! I like to think of an elastic band as a example once price moves with volume and keep going it will eventually spring back!...
Hey Josh, good to have you back.

Your statement (highlighted in bold) is right on the money. Many (Gator in Eurusd thread as well as a few others besides) uses this concept via prices. Volume is just another. Glad to see you've looked at it too. Sometime back, I looked and used VSA. Can't use it now cos IGIndex doesn't have volume for FX. But if I had MT4 on screen, I'd definitely have volume in there. Well done for pointing out something unique.

Cheers!
A pip is only worth it if you know how much you risked to earn it
  • #8,728
  • Sep 20, 2014 6:20pm Sep 20, 2014 6:20pm
Quoting josh11
As I promised here before after testing something I have found I would share with you all... So we don't need any indicators for this just right click and click on the volume, then click your data window and hover over the bars and you will see the volume reading! Now if we see the volume bar 1000+ and it continues in the same direction we will find most of the time it will pull-back to the close of this volume bar! I like to think of an elastic band as a example once price moves with volume and keep going it will eventually spring back! This is...
  • #8,729
  • Sep 20, 2014 6:22pm Sep 20, 2014 6:22pm
Quoting josh11
As I promised here before after testing something I have found I would share with you all... So we don't need any indicators for this just right click and click on the volume, then click your data window and hover over the bars and you will see the volume reading! Now if we see the volume bar 1000+ and it continues in the same direction we will find most of the time it will pull-back to the close of this volume bar! I like to think of an elastic band as a example once price moves with volume and keep going it will eventually spring back! This is...
MY GOD, JOSH YOU ARE A GENIUS. HARD WORK PAYS
  • #8,730
  • Sep 20, 2014 6:22pm Sep 20, 2014 6:22pm
Quoting vlady1974
{quote} hey josh, good to have you back. Your statement (highlighted in bold) is right on the money. Many (gator in eurusd thread as well as a few others besides) uses this concept via prices. Volume is just another. Glad to see you've looked at it too. Sometime back, i looked and used vsa. Can't use it now cos igindex doesn't have volume for fx. But if i had mt4 on screen, i'd definitely have volume in there. Well done for pointing out something unique. Cheers!
the thread is on fire
  • #8,731
  • Sep 20, 2014 6:27pm Sep 20, 2014 6:27pm
Okay, here's a little sample of one of the things I've been looking at.... to continue the discussion of Transient Zones:
The areas from the chart are randomly selected, but the formation/patterns I am picking are quite specific.
I'll just post the pictures and you can all comment.

Attached Image


Attached Image


Attached Image
A pip is only worth it if you know how much you risked to earn it
  • #8,732
  • Sep 20, 2014 6:32pm Sep 20, 2014 6:32pm
I'm calling for a swing bottom that will be formed by at least 2 specific bars of time.
They don't have to be consecutive, but they would be within h bars.
The low of one is higher than the first.

The rare case is that the one bar defines the low of the bottom with no retest - but I am not calling that.

I am not calling specifically for the bottom of this long-running leg (Wave 3). Some of you may be surprised to hear me say, I'm not that good! There are others here who are. I just don't have a signal that I consider strong enough. So the best I can call for is a Swing Bottom on the 4H and 1H timeframe.
A pip is only worth it if you know how much you risked to earn it
  • #8,733
  • Sep 20, 2014 6:35pm Sep 20, 2014 6:35pm
Quoting josh11
As I promised here before after testing something I have found I would share with you all... So we don't need any indicators for this just right click and click on the volume, then click your data window and hover over the bars and you will see the volume reading! Now if we see the volume bar 1000+ and it continues in the same direction we will find most of the time it will pull-back to the close of this volume bar! I like to think of an elastic band as a example once price moves with volume and keep going it will eventually spring back! This is...
I JUST CONFIRMED this on 1hr chart. it works perfectly. if this is to work it means we are heading for a retracement to 1.2930 area. what i see is that it dosnt have to get to 1000. 0n the 1hr between 1000 and 1500 is it.

heres the key. EURUSDD talked about inflextion. understand inflextion and you can predict a turn. eurusdd said at inflextion points price pauses and it may be a continuation or a turn. so use other filters to confirm the turn
  • #8,734
  • Sep 20, 2014 6:38pm Sep 20, 2014 6:38pm
Quoting ephisi
{quote} I JUST CONFIRMED this on 1hr chart. it works perfectly. if this is to work it means we are heading for a retracement to 1.2930 area. what i see is that it dosnt have to get to 1000. 0n the 1hr between 1000 and 1500 is it. heres the key. EURUSDD talked about inflextion. understand inflextion and you can predict a turn. eurusdd said at inflextion points price pauses and it may be a continuation or a turn. so use other filters to confirm the turn
Study what I shared and you can find some very interesting things
  • #8,735
  • Sep 20, 2014 6:39pm Sep 20, 2014 6:39pm
Quoting ephisi
{quote} i now understand better what you meant when you told me 'DONT FORCE IT, ALLOW IT TO SINK IN, GO BACK TO WHAT YOU WERE USING BEFORE' i must confess i dumped the thread once in the past, but for some reason i couldnt just stop coming back.


It's the nature of knowledge energy I think. Sometimes to be absorbed, the mind needs to move away or be away from the data or the problem. The subconscious mind needs the peace, quiet and space to absorb and integrate the knowledge.
A pip is only worth it if you know how much you risked to earn it
  • #8,736
  • Sep 20, 2014 6:40pm Sep 20, 2014 6:40pm
Quoting vlady1974
I'm calling for a swing bottom that will be formed by at least 2 specific bars of time. They don't have to be consecutive, but they would be within h bars. The low of one is higher than the first. The rare case is that the one bar defines the low of the bottom with no retest - but I am not calling that. I am not calling specifically for the bottom of this long-running leg (Wave 3). Some of you may be surprised to hear me say, I'm not that good! There are others here who are. I just don't have a signal that I consider strong enough. So the best I...
ok im getting this. heres what i think . another leg to 1.2860 before next wave to 1.2750. 1.2830 is an inflextion point. someone correct me if im wrong
. remembber eurusdd said at inflection pionts it may be a turn or a continuation
  • #8,737
  • Sep 20, 2014 6:41pm Sep 20, 2014 6:41pm
POST EDITED
  • #8,738
  • Sep 20, 2014 6:43pm Sep 20, 2014 6:43pm
Quoting vlady1974
{quote} It's the nature of knowledge energy I think. Sometimes to be absorbed, the mind needs to move away or be away from the data or the problem. The subconscious mind needs the peace, quiet and space to absorb and integrate the knowledge.
exactly, awesome stuff. have you noticed how we are learnign and applying life principles and analogies to forex? crazy
  • #8,739
  • Sep 20, 2014 6:46pm Sep 20, 2014 6:46pm
Quoting vlady1974
{quote} Hey Josh, good to have you back. Your statement (highlighted in bold) is right on the money. Many (Gator in Eurusd thread as well as a few others besides) uses this concept via prices. Volume is just another. Glad to see you've looked at it too. Sometime back, I looked and used VSA. Can't use it now cos IGIndex doesn't have volume for FX. But if I had MT4 on screen, I'd definitely have volume in there. Well done for pointing out something unique. Cheers!
matey, you have read so many books, threads and materials to last you 10 lifetimes

its 12.47 am here and im still up since 10.30pm hard work pays
  • #8,740
  • Sep 20, 2014 6:55pm Sep 20, 2014 6:55pm
Quoting vlady1974
Okay, here's a little sample of one of the things I've been looking at.... to continue the discussion of Transient Zones: The areas from the chart are randomly selected, but the formation/patterns I am picking are quite specific. I'll just post the pictures and you can all comment. {image} {image} {image}

These show continuation patterns and optimal zones to place your entries using transient zones as basis
5 traders viewing now