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The similarity system

  • #8,961
  • Sep 22, 2014 12:49pm Sep 22, 2014 12:49pm
Quoting hepsibah
{quote} on holiday in Seville - off to spend the profit on muchos tapas and vino

Good for you. Personally I am more of a Granada Fan!
If you fall, I shall be there. - The floor
  • #8,962
  • Sep 22, 2014 2:05pm Sep 22, 2014 2:05pm
Sorry if this is a stupid question.

Which indicator are you using currently to detect entries?

I read a lot of pages, you started with cycle identifier, some mentiones stochs, and first post has ralome. Is this the most recommended currently?

Thanks in advnce
  • #8,963
  • Sep 22, 2014 2:09pm Sep 22, 2014 2:09pm
Just for fun,

Here's a link of a bloomberg news article citing Citi Group Analysts on the 10th of July 2013
http://www.bloomberg.com/news/2013-07-10/dollar-to-extend-advance-amid-recovering-economy-citigroup-says.html

Just for reminder, June 10th 2013 was the day at which the Dollar Index was at the exact same price as Today (the Euro reached a low of 1.2764 on that day - that was the last lowest we have seen the euro since then!)

Ironically, the article was calling for a much stronger Dollar because of the recovering US economy. At that day the S&P was 1% lower than its all time high (At that time). Guess what, today the S&P is 1% lower than its all time high and almost every 'media' economist out there is calling for a much higher dollar because of the recovering economy and the expectations for a rate cut

In case you are wondering, the eur/usd jumped 220 pips up on that day followed by another 220 pips the following day.

Anyone in for a 220 pip jump in the Euro tomorrow?
  • #8,964
  • Sep 22, 2014 2:09pm Sep 22, 2014 2:09pm
Quoting dotnetfreak
Sorry if this is a stupid question. Which indicator are you using currently to detect entries? I read a lot of pages, you started with cycle identifier, some mentiones stochs, and first post has ralome. Is this the most recommended currently? Thanks in advnce
There is no "most recommended". The beauty of this topic is that alot of concepts are presented which each individual may interpret in different ways, and implement/adjust to their own trading style. Some are specialized in CCI ( I believe madmoney for example is ), others ( like Vlady), generated his own BB similarity theory/system. There is no perfect one way so to speak.
  • #8,965
  • Sep 22, 2014 2:53pm Sep 22, 2014 2:53pm
Quoting Robertk
{quote} There is no "most recommended". The beauty of this topic is that alot of concepts are presented which each individual may interpret in different ways, and implement/adjust to their own trading style. Some are specialized in CCI ( I believe madmoney for example is ), others ( like Vlady), generated his own BB similarity theory/system. There is no perfect one way so to speak.
Thanks for the reply Robert, I understand the concept of the system, but Im strugling to start. Is it ok if I just start with ralome indicator?
  • #8,966
  • Sep 22, 2014 3:00pm Sep 22, 2014 3:00pm
Quoting FX-Jay
Just for fun, Here's a link of a bloomberg news article citing Citi Group Analysts on the 10th of July 2013 http://www.bloomberg.com/news/2013-07-10/dollar-to-extend-advance-amid-recovering-economy-citigroup-says.html Just for reminder, June 10th 2013 was the day at which the Dollar Index was at the exact same price as Today (the Euro reached a low of 1.2764 on that day - that was the last lowest we have seen the euro since then!) Ironically, the article was calling for a much stronger Dollar because of the recovering US economy. At that...
sign me up!
Don't use both feet to test the depth of the river
  • #8,967
  • Sep 22, 2014 3:01pm Sep 22, 2014 3:01pm
Quoting FX-Jay
Just for fun, Here's a link of a bloomberg news article citing Citi Group Analysts on the 10th of July 2013 http://www.bloomberg.com/news/2013-07-10/dollar-to-extend-advance-amid-recovering-economy-citigroup-says.html Just for reminder, June 10th 2013 was the day at which the Dollar Index was at the exact same price as Today (the Euro reached a low of 1.2764 on that day - that was the last lowest we have seen the euro since then!) Ironically, the article was calling for a much stronger Dollar because of the recovering US economy. At that...
Great post mate
  • #8,968
  • Sep 22, 2014 3:33pm Sep 22, 2014 3:33pm
Quoting FX-Jay
Anyone in for a 220 pip jump in the Euro tomorrow?
I'm in!
A pip is only worth it if you know how much you risked to earn it
  • #8,969
  • Sep 22, 2014 3:41pm Sep 22, 2014 3:41pm
Quoting FX-Jay
Just for fun, Here's a link of a bloomberg news article citing Citi Group Analysts on the 10th of July 2013 http://www.bloomberg.com/news/2013-07-10/dollar-to-extend-advance-amid-recovering-economy-citigroup-says.html Just for reminder, June 10th 2013 was the day at which the Dollar Index was at the exact same price as Today (the Euro reached a low of 1.2764 on that day - that was the last lowest we have seen the euro since then!) Ironically, the article was calling for a much stronger Dollar because of the recovering US economy. At that...
Me too
  • #8,970
  • Sep 22, 2014 4:41pm Sep 22, 2014 4:41pm
Eurusdd,
I want to ask some questions.
I was thinking about your equation of transient / recurrent area:
[x (t) k, x (t) + k] = h-recurrent.
In probability, "h" is defined as the probability of hit a certain level.
"k" is defined as mean hitting times.
Then, in the market there are 2 states (0,1)
Assuming independent variables are the probabilities obtained (1/2), for each situation between these two states.
We suppose that we currently bearish bar (0)
What are my chances to hit "1"?
h (0) = 1/2 k (0) = 1/2
h (1) = 1/2 * h (0) k (1) = 1 + 1/2 * k (0)
Thus, by chance one can express the relation among "h" and "k".
It is true?
Thank you very much.
  • #8,971
  • Sep 22, 2014 4:45pm Sep 22, 2014 4:45pm
Quoting burnssss
Eurusdd, I want to ask some questions. I was thinking about your equation of transient / recurrent area: [x (t) k, x (t) + k] = h-recurrent. In probability, "h" is defined as the probability of hit a certain level. "k" is defined as mean hitting times. Then, in the market there are 2 states (0,1) Assuming independent variables are the probabilities obtained (1/2), for each situation between these two states. We suppose that we currently bearish bar (0) What are my chances to hit "1"? h (0) = 1/2 k (0) = 1/2 h (1) = 1/2 * h (0) k (1) = 1 + 1/2 *...
4 variables, high-low-close-open. 2 variables if you referring to red-green candles
Don't use both feet to test the depth of the river
  • #8,972
  • Sep 22, 2014 5:24pm Sep 22, 2014 5:24pm
Quoting dotnetfreak
{quote} Thanks for the reply Robert, I understand the concept of the system, but Im strugling to start. Is it ok if I just start with ralome indicator?
dot, seems no one is using those
strategy now. The new strategy is about transient/recurrent candles. You have to continue to read to find it.
  • #8,973
  • Sep 22, 2014 5:25pm Sep 22, 2014 5:25pm
Quoting yuxuan89
hey guys I'm new here and i was following this thread and reading about how to trade the similarities and dissimilarities.. right now my usdjpy chart looks like this... can anyone tell me if this is supposed to look like this cause my stoc seems really big with alot of dis? please tell me how to zoom out of my stoc if possible :x {image}
yuxuan, seems no one answered your question. The are all busy and excited . change your stoch settings to 300,1,1. Hope that helps.
  • #8,974
  • Sep 22, 2014 5:28pm Sep 22, 2014 5:28pm
Quoting FX-Jay
This is to give you an idea on what could have been done while waiting for ultimate targets to be hit: {image} {image}
Fx-Jay, nice trade. These are all scalping right? May i know what TF? Im sure with daily or 4h, you cant have those many trades. Thanks!
  • #8,975
  • Sep 22, 2014 7:19pm Sep 22, 2014 7:19pm
Quoting elen21168
{quote} This is what i got on ZzBB. It will swing today, latest on Monday ... and will down next week. For today, my Sell target today is around 1.2838. There is unfinished job at zone 2836-2840. It will go up again today/Monday to reach upper BB, then it will be a long down next week ... {image}
Hm... the trend is still up. There is unfinished job around "DS Zone : 2917-2922.
It will goes down first to around 2831-2834. If this happen, i will buy around 2834. Target around 2918.
If it does not go down, i will buy at > 2870. May be i will put a buy limit (2834) & buy stop (2871), TP 2918.
Just share my though, this is Not a call.
Edit: AU & NU are still bearish, will wait for the top to do a Sell.
  • #8,976
  • Sep 22, 2014 7:27pm Sep 22, 2014 7:27pm
Quoting Strawbale
{quote} you didnt even tried googling it and wanted it fkin ready! ignored pal. learn to work for your stuff
STRAWBALE, I have been in this thread from the start, contributing to help others when possible, and if you really read the thread you would have seen that I have put in effort and I don't expect anyone to give me anything, you fuck! I know what straight through processing is, I was just not familiar with the acronym STP, STP can mean anything. I don't think I will miss anything you would post anyway, so ignored.... NO BIG DEAL.

What an arrogant ass you are.
  • #8,977
  • Sep 22, 2014 8:05pm Sep 22, 2014 8:05pm
Quoting FX-Jay
Just for fun, Here's a link of a bloomberg news article citing Citi Group Analysts on the 10th of July 2013 http://www.bloomberg.com/news/2013-07-10/dollar-to-extend-advance-amid-recovering-economy-citigroup-says.html Just for reminder, June 10th 2013 was the day at which the Dollar Index was at the exact same price as Today (the Euro reached a low of 1.2764 on that day - that was the last lowest we have seen the euro since then!) Ironically, the article was calling for a much stronger Dollar because of the recovering US economy. At that...
Very interesting, Jay! Yep, I'm still long. This bitch is due a serious retrace! Everyone's expecting 1.2750 before the retrace but it's rarely as easy as that.
You reap what you sow.
  • #8,978
  • Sep 22, 2014 8:27pm Sep 22, 2014 8:27pm
Quoting vlady1974
{quote} That's a really good question. For now I would like to say it depends. However, based on my trading style I would prefer to go back to a previously known RZ. I don't have a scientific reason for this other than an analogy that I believe moves build their momentum from "the fear of missing out". I'll give this further thought.... it's an excellent question.
I agree, this is a great point made by hepsibah. It's like I was saying yesterday, there are so many ways to trade TZs. Some trade away from them, some trade towards them. There are drawdown risks both ways. I think everyone should choose a style that suits them best. Don't try to copy someone else's method expecting it to work just as well for you. Also, the perceived trend (or lack of it) is important in deciding whether to trade away from or towards a TZ. Going with the flow (momentum) is easier than trying to fight it.

By the way, if any newcomers to this thread want to learn about TZs without reading the whole thread from the start, then go to post 5717 on page 286 and start reading from there. It will take you a long time, but your effort will be rewarded.
You reap what you sow.
  • #8,979
  • Sep 22, 2014 9:04pm Sep 22, 2014 9:04pm
Just thinking (rare event lol) do you think we are all concentrating on the TZs too much , (yes I'm guilty) and not the rest of the teachings here ?
Regards Peter
  • #8,980
  • Sep 22, 2014 9:40pm Sep 22, 2014 9:40pm
Quoting Baillie
{quote} STRAWBALE, I have been in this thread from the start, contributing to help others when possible, and if you really read the thread you would have seen that I have put in effort and I don't expect anyone to give me anything, you fuck! I know what straight through processing is, I was just not familiar with the acronym STP, STP can mean anything. I don't think I will miss anything you would post anyway, so ignored.... NO BIG DEAL. What an arrogant ass you are.
I'm re reading the thred for the third time i've been trading for 6 years for a living\
and i also didn't understand what STP mean't
if you google STP it WILL give you AN oil company with oil products
SO BAILLIE don"t worry your input is highly appreciated
KUDOS!
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