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The similarity system

  • #8,981
  • Sep 22, 2014 10:52pm Sep 22, 2014 10:52pm
Quoting wireash
{quote} 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!
Thanks, for the back up, appreciate it.
  • #8,982
  • Sep 22, 2014 11:04pm Sep 22, 2014 11:04pm
Quoting mario777
{quote} yuxuan, seems no one answered your question. The are all busy and excited . change your stoch settings to 300,1,1. Hope that helps.


thanks Mario! Really appreciate Eurusd and madmoney and all the others who made the effort to start/contribute to this post, as a newb i find it really heartening to see a good community where people share.

that being said, Ive read 20+ pages into the thread which ens around sep 2013. so now in 2014 is there any major changes to this system? or is it still a trade when similarity appears after a disimilarity?

also, what is the yellow ZZ line for when we have the thik red EMA line?
  • #8,983
  • Sep 22, 2014 11:10pm Sep 22, 2014 11:10pm
Quoting yuxuan89
{quote} thanks Mario! Really appreciate Eurusd and madmoney and all the others who made the effort to start/contribute to this post, as a newb i find it really heartening to see a good community where people share. that being said, Ive read 20+ pages into the thread which ens around sep 2013. so now in 2014 is there any major changes to this system? or is it still a trade when similarity appears after a disimilarity? also, what is the yellow ZZ line for when we have the thik red EMA line?
YEAH there is a big change?
YOUR MINDSET!
  • #8,984
  • Sep 22, 2014 11:19pm Sep 22, 2014 11:19pm
Quoting wireash
{quote} YEAH there is a big change? YOUR MINDSET!
WITH THAT SAID
i actually enjoy my loosing trade's
cause they still end up in PROFIT!
  • #8,985
  • Sep 22, 2014 11:38pm Sep 22, 2014 11:38pm
JOHN DILLINGER ONCE SAID WHEN ASKED: why do you rob bank's?
CAUSE THAT'S WHERE THE MONEY IS.
NOW think of yourself as a truck driver
your contract states that you have to get to your destination within certain amount of time!
WHAT DO YOU DO?
you will deviate from your route (if necessary) in order to deliver your GOOD's
with that said
the value of H
the value of K
is not important!
you have to get there no matter what!
  • #8,986
  • Sep 23, 2014 12:58am Sep 23, 2014 12:58am
Looking like we want to test the lows again.
  • #8,987
  • Sep 23, 2014 2:02am Sep 23, 2014 2:02am
Quoting elen21168
{quote} 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.
Here we go ......
  • #8,988
  • Sep 23, 2014 3:09am Sep 23, 2014 3:09am
+18 pips from 45
Looking for more TZ longs.... Just missed out on 53... Commuting. LOL
A pip is only worth it if you know how much you risked to earn it
  • #8,989
  • Edited 3:34am Sep 23, 2014 3:13am | Edited 3:34am
Edited: Due to fat fingers on the phone!

Been struggling to find the most encompassing definition for what I've been looking at. I thought I had a condition, but it's not consistent enough but is still testable.

It's been said here before in different ways, so apologies but kudos to those who have come before me.
When a TZ is imbalanced on either side, if coming from above or below the move will be a bounce. When the TZ is equal on both sides, even after any bounce the zone will be taken out, ie. price will go through it.

My h value for the above has ranged from 6 to 24 dependent on timeframe.
A pip is only worth it if you know how much you risked to earn it
  • #8,990
  • Sep 23, 2014 3:19am Sep 23, 2014 3:19am
Vlady,

What do you mean by imbalanced and Moe?
Life is too short to have anything but delusional notions about yourself.
  • #8,991
  • Sep 23, 2014 3:35am Sep 23, 2014 3:35am
Quoting hoss
Vlady, What do you mean by imbalanced and Moe?
hahaha... sorry about that Hoss!
Re-read the post as I've just edited it (and given the reason why) Damn Moes! LOL
A pip is only worth it if you know how much you risked to earn it
  • #8,992
  • Sep 23, 2014 3:36am Sep 23, 2014 3:36am
Quoting vlady1974
+18 pips from 45 Looking for more TZ longs.... Just missed out on 53... Commuting. LOL
Got in at 61, stops to 70.
Closed at 82.

Anyone remember this image? I tried to describe what I did.. Some of you may have thought it was too complicated. Just saying that just because it seems hard, doesn't mean it is. Remember when tying your shoelaces was damn difficult!?!

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-5M.PNG Size: 20 KB

Quoting vlady1974
Original Post
A pip is only worth it if you know how much you risked to earn it
  • #8,993
  • Sep 23, 2014 3:46am Sep 23, 2014 3:46am
We're in a higher timeframe zone of 2847 to 2888.

Compare the previous image to the lines I've placed on my IGIndex platform
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-5M.JPG Size: 55 KB
A pip is only worth it if you know how much you risked to earn it
  • #8,994
  • Sep 23, 2014 4:01am Sep 23, 2014 4:01am
Looks like 2888 is the decider. Currently stalled at 2885.6, close enough. It would be nice if it went to 2896 on London.
This will give further credence that NYC could take it to 2994. Low today 2842 = 152 pips. I projected 163, also close enought. It's slightly over ADR of 120ish. So hence why I would like to see 2896. If not, I don't care... at that height and price I will look for shorts.
A pip is only worth it if you know how much you risked to earn it
  • #8,995
  • Sep 23, 2014 4:06am Sep 23, 2014 4:06am
Quoting NorthTrader
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.
Maybe my memory is fading but it almost appears like Eurusdd has cleaned up the posts to make them clearer..... or maybe I'm viewing the explanations with more clarity.... dunno. Re-reading it again today just makes me smile in satisfaction.

Thank you Eurusdd and all of you guys!
A pip is only worth it if you know how much you risked to earn it
  • #8,996
  • Sep 23, 2014 4:07am Sep 23, 2014 4:07am
Quoting vlady1974
{quote} hahaha... sorry about that Hoss! Re-read the post as I've just edited it (and given the reason why) Damn Moes! LOL
Thanks, Vlady! Just unsure by what you mean by unbalanced on either side of the TZ.
Life is too short to have anything but delusional notions about yourself.
  • #8,997
  • Sep 23, 2014 4:28am Sep 23, 2014 4:28am
Quoting vlady1974
Edited: Due to fat fingers on the phone! Been struggling to find the most encompassing definition for what I've been looking at. I thought I had a condition, but it's not consistent enough but is still testable. It's been said here before in different ways, so apologies but kudos to those who have come before me. When a TZ is imbalanced on either side, if coming from above or below the move will be a bounce. When the TZ is equal on both sides, even after any bounce the zone will be taken out, ie. price will go through it. My h value for the...
I want more brain power!
  • #8,998
  • Sep 23, 2014 4:30am Sep 23, 2014 4:30am
Quoting hoss
{quote} Thanks, Vlady! Just unsure by what you mean by unbalanced on either side of the TZ.
No worries. If using FreeFox's indicator, there is a switch in the inputs to make both sides equal or not. Set this to false. Sorry I can't recall the exact name of the switch it's at the bottom of the page. What this does then is it takes the Current Candle in question and applies your H values.... minus for the left and plus for the right.

You should notice then that where price is extreme and then rejected, ie. a wick, it generates the TZ. If a bar (other than the central/focus bar) on either side, within h bars, pierces this range... the height of the TZ shrinks in order to satisfy the rules: Transient means price hasn't touched it again within h bars.

What you'll notice is that if Left TZ approx = Right TZ after h bars.... it's like a neutral zone but I noticed that in trending times, it gets taken out.
However, where there's been a strong move and then a TZ forms.... a bounce usually occurs when the LEFT <> RIGHT TZ..... and it's followed by a sustained move.

There are certain conditions where that TZ does get taken out eventually - but after a longer period of bars/time... and usually after another TZ on the opposite side and after another move. But that's by-the-by.... the first thing to notice or look out for is to see if the TZ is uneven.

Bob's your uncle.
A pip is only worth it if you know how much you risked to earn it
  • #8,999
  • Sep 23, 2014 4:37am Sep 23, 2014 4:37am
Quoting vlady1974
{quote} No worries. If using FreeFox's indicator, there is a switch in the inputs to make both sides equal or not. Set this to false. Sorry I can't recall the exact name of the switch it's at the bottom of the page. What this does then is it takes the Current Candle in question and applies your H values.... minus for the left and plus for the right. You should notice then that where price is extreme and then rejected, ie. a wick, it generates the TZ. If a bar (other than the central/focus bar) on either side, within h bars, pierces this range......
Look at the image I posted before.... look at the Beeeautiful Baillie Colour Scheme and appreciate that! LOL
Then look at the shape of the boxes.

Then.... look at what the PA does inside to generate those boxes and train your eyes to spot those without boxes. It's happening right now to 2886.5
I think it will go down now. Probably to 2867.... inflection point possibly. Dunno. Doesn't matter about predicting current price action.

If 2867 becomes another uneven TZ, then 2900 is possible.

To me, there's a difference between forecasting a target (eg. 2745 and 2994) and then trading against real time price action predictions.... as if you know what's gonna happen. No one knows. We work on probabilities. So it's better to say, I'm gunning for 2994 but I could be wrong if XXXX is taken out as a TZ, so I can long/short at YYYY if ZZZZ..
A pip is only worth it if you know how much you risked to earn it
  • #9,000
  • Sep 23, 2014 4:40am Sep 23, 2014 4:40am
Quoting vlady1974
{quote} No worries. If using FreeFox's indicator, there is a switch in the inputs to make both sides equal or not. Set this to false. Sorry I can't recall the exact name of the switch it's at the bottom of the page. What this does then is it takes the Current Candle in question and applies your H values.... minus for the left and plus for the right. You should notice then that where price is extreme and then rejected, ie. a wick, it generates the TZ. If a bar (other than the central/focus bar) on either side, within h bars, pierces this range......

Thanks, Vlady! Very helpful.
Life is too short to have anything but delusional notions about yourself.
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