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The similarity system

  • #9,001
  • Sep 23, 2014 4:40am Sep 23, 2014 4:40am
Still long eur/usd, long Crude Oil, short usd/chf, and short usd/mxn

As I mentioned earlier, even if in some rare cases our ultimate target doesn't get hit, the market is generous enough to give you the best exit price in the 'back up period'.

So again while waiting for the best price to exit USD/CHF & USD/MXN, this is what I've been doing over and over again (all these orders were closed today):
Attached Image (click to enlarge)
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  • #9,002
  • Sep 23, 2014 4:47am Sep 23, 2014 4:47am
Quoting FX-Jay
Still long eur/usd, long Crude Oil, short usd/chf, and short usd/mxn As I mentioned earlier, even if in some rare cases our ultimate target doesn't get hit, the market is generous enough to give you the best exit price in the 'back up period'. So again while waiting for the best price to exit USD/CHF & USD/MXN, this is what I've been doing over and over again (all these orders were closed today): {image}
My stop was too tight on USDCHF and got taken at BE. But I've had a good run of longs on EU. Looking to re-enter possible prices are current and 2867 ish but looks like a TZ was just taken out. Damn! LOL
A pip is only worth it if you know how much you risked to earn it
  • #9,003
  • Sep 23, 2014 4:48am Sep 23, 2014 4:48am
Quoting hoss
{quote} Thanks, Vlady! Very helpful.
See, that TZ at 2865 was equal against h values... plug in 5,6,7,8 or just count the bars where it didn't get breached by a price point. count h on both sides. Eventually it got taken out.
A pip is only worth it if you know how much you risked to earn it
  • #9,004
  • Sep 23, 2014 4:49am Sep 23, 2014 4:49am
The big surprise for me was in the usd/cad, the probability was so extremely high for it to go down, yet the price continued higher.
If you are purely using my system, the usd/cad trade should have been closed around now.
However, since we have 4 other signals on other pairs that project USD weakness coming in, it wouldn't be such as big gamble to hold on to the usd/cad shorts till at least the other targets are met or invalidated .
  • #9,005
  • Sep 23, 2014 4:52am Sep 23, 2014 4:52am
Quoting FX-Jay
The big surprise for me was in the usd/cad, the probability was so extremely high for it to go down, yet the price continued higher. If you are purely using my system, the usd/cad trade should have been closed around now. However, since we have 4 other signals on other pairs that project USD weakness coming in, it wouldn't be such as big gamble to hold on to the usd/cad shorts till at least the other targets are met or invalidated .
I saw the same jitter on the Swissy. I wondered about that as EU and USDCHF were in sync, and then... the EU move occurred but Swiss wasn't moving. So I think that's why EU is gunning for it.

I just saw a Butterfly projection on the EU thread... funnily enough price was 2926, which is a TZ price. We can aim for that at the very least. If that's taken by London, then New York will be spectacular and I reckon we'll get 2994.
A pip is only worth it if you know how much you risked to earn it
  • #9,006
  • Sep 23, 2014 4:54am Sep 23, 2014 4:54am
Quoting vlady1974
{quote} My stop was too tight on USDCHF and got taken at BE. But I've had a good run of longs on EU. Looking to re-enter possible prices are current and 2867 ish but looks like a TZ was just taken out. Damn! LOL
All my signals on completely different/unrelated pairs are pointing for some more USD weakness in the next 8 hours
If you're holding any pair with a USD short in it I believe you should be in profit for the coming 8 hours
  • #9,007
  • Sep 23, 2014 4:57am Sep 23, 2014 4:57am
Quoting FX-Jay
{quote} All my signals on completely different/unrelated pairs are pointing for some more USD weakness in the next 8 hours If you're holding any pair with a USD short in it I believe you should be in profit for the coming 8 hours
Awesome. I'm not currently, but was wanting to rejoin Swissy and Yen.
Thanks for the heads up.
A pip is only worth it if you know how much you risked to earn it
  • #9,008
  • Sep 23, 2014 4:58am Sep 23, 2014 4:58am
Quoting vlady1974
{quote} I saw the same jitter on the Swissy. I wondered about that as EU and USDCHF were in sync, and then... the EU move occurred but Swiss wasn't moving. So I think that's why EU is gunning for it. I just saw a Butterfly projection on the EU thread... funnily enough price was 2926, which is a TZ price. We can aim for that at the very least. If that's taken by London, then New York will be spectacular and I reckon we'll get 2994.
I'm giving space for 2994 till Thursday's Asian session, but if it decides to reach it sooner then I'm definitely not complaining
  • #9,009
  • Sep 23, 2014 5:02am Sep 23, 2014 5:02am
Quoting FX-Jay
{quote} I'm giving space for 2994 till Thursday's Asian session, but if it decides to reach it sooner then I'm definitely not complaining
Could it be that the H projection of time needs tweaking? Doesn't change the price projection, but once that h is up it has more chance of return but it's not possible to exactly say h + x. At least when I've been trying to... albeit, shorter timeframes.
A pip is only worth it if you know how much you risked to earn it
  • #9,010
  • Sep 23, 2014 5:10am Sep 23, 2014 5:10am
hey guys,

attached is a pic of my eurusd which i shorted, at the time i placed my trade I found the dissimilarity and similarity and thus decided to short as the similarity was higher, but eruusd seems to be climbing, can anyone explain to me why?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd2309.png Size: 168 KB
  • #9,011
  • Sep 23, 2014 5:11am Sep 23, 2014 5:11am
Quoting vlady1974
{quote} Could it be that the H projection of time needs tweaking? Doesn't change the price projection, but once that h is up it has more chance of return but it's not possible to exactly say h + x. At least when I've been trying to... albeit, shorter timeframes.
Actually my 1st projection for the target (2999) to be reached was Today's London close, but as I mentioned in a previous post, there is almost always a 'back up timing' which is usually between 12 & 48 hours if we're using the H4 TF.

In the case of eur/usd, this back up period ends on Thursday's Asian session.
This new date isn't subject to change at all. So on that date it is confirmed whether the signal was successful or it failed.
  • #9,012
  • Sep 23, 2014 5:48am Sep 23, 2014 5:48am
Quoting yuxuan89
hey guys, attached is a pic of my eurusd which i shorted, at the time i placed my trade I found the dissimilarity and similarity and thus decided to short as the similarity was higher, but eruusd seems to be climbing, can anyone explain to me why? {image}
Hi Yux, I realise you have some catching up to do so hopefully you're on demo. Firstly, it looks like you're using ZZBB so that's great. the M5 and M15 are in sync so you are looking for a Top. But here's the thing, will need to also look at 4H and 1H because if there's a DS price at these levels, they are more powerful that the ones you are looking at.

So the good news is you're on the right track. You shorted cos you had a signal and that is good.
Here's the bad news. It's going against you because it seems EU is playing to the Transient / Recurrent model or concept and there is a price at 2994-2999 which has been discussed in the last 30-40 pages. I won't go into Fundamental reasons for the rise here, but hopefully you research this yourself for added depth to your knowledge.

At this stage, longs are in play on a short intra-day basis. Directionally, the long term bias hasn't changed (in my opinion we are bear from 1.39) as we are just rangebound between 2750 and 3000. That's alot of pips in a range, I know, but that's how it is. We are targetting 2929ish at present. To the south side, 2967.
A pip is only worth it if you know how much you risked to earn it
  • #9,013
  • Sep 23, 2014 6:42am Sep 23, 2014 6:42am
Ok, since it seems to be sharing, caring day in the similarity thread and the sun has gone awol in Seville , I will elaborate a little on my post yesterday - I have also modified the strategy a little so please take note those who looked into it a little more.

The red and blue arrows show TZ's with H values of anything from 1 upwards.
I wait for a TZ to be taken out and then returned to but I have modified the condition for return.
The bar that returns to the taken out TZ must open above and close below for a top TZ and open below and close above for a bottom TZ.
So, in the chart, a is taken out by b and returned to at c but c does not close below the TZ at a therefore this does not qualify.
In the case of d, e and f however, the bar at f does open above and close below the TZ at d and so this one does qualify.
I will sell at the close of f in the knowledge that price will go lower. In general, it will tend to go close to the next TZ down so I will further check to make sure there is sufficient room for a viable trade.

As has been said many times on the thread, there are many different ways to use Eurusdd's invaluable hints and tips. This is only one but it seems to be working for me.
Attached Image (click to enlarge)
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  • #9,014
  • Sep 23, 2014 6:46am Sep 23, 2014 6:46am
Quoting hepsibah
Ok, since it seems to be sharing, caring day in the similarity thread and the sun has gone awol in Seville , I will elaborate a little on my post yesterday - I have also modified the strategy a little so please take note those who looked into it a little more. The red and blue arrows show TZ's with H values of anything from 1 upwards. I wait for a TZ to be taken out and then returned to but I have modified the condition for return. The bar that returns to the taken out TZ must open above and close below for a top TZ and open below and close...
Luv your work!

It's different, but I can see how it works. Awesome!
A pip is only worth it if you know how much you risked to earn it
  • #9,015
  • Sep 23, 2014 6:53am Sep 23, 2014 6:53am
Quoting hepsibah
Ok, since it seems to be sharing, caring day in the similarity thread and the sun has gone awol in Seville , I will elaborate a little on my post yesterday - I have also modified the strategy a little so please take note those who looked into it a little more. The red and blue arrows show TZ's with H values of anything from 1 upwards. I wait for a TZ to be taken out and then returned to but I have modified the condition for return. The bar that returns to the taken out TZ must open above and close below for a top TZ and open below and close...
That's a very nice and strategic set up, well worth looking into! Subscribed!
  • #9,016
  • Sep 23, 2014 6:55am Sep 23, 2014 6:55am
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......
greatstuff Vlady never noticed that more ammo for the trigger Thankyou
Regards orid peter
  • #9,017
  • Sep 23, 2014 6:56am Sep 23, 2014 6:56am
Quoting vlady1974
{quote} Luv your work! It's different, but I can see how it works. Awesome!
Thanks, I appreciate it. I find waiting for far off levels to be returned to quite difficult (my MM is not the best!) and so this suits me better as most cases get resolved on the next bar.

Now, will the H1 bar close above 1.28963, if so then it indicates further to go.
  • #9,018
  • Sep 23, 2014 6:58am Sep 23, 2014 6:58am
Quoting hepsibah
Ok, since it seems to be sharing, caring day in the similarity thread and the sun has gone awol in Seville , I will elaborate a little on my post yesterday - I have also modified the strategy a little so please take note those who looked into it a little more. {image}
don't share too much be more cryptic please
  • #9,019
  • Sep 23, 2014 6:58am Sep 23, 2014 6:58am
Quoting Baillie
{quote} That's a very nice and strategic set up, well worth looking into! Subscribed!
Turing out a very interesting day thank you also Baillie wish I could be more helpful.
regards orid Peter
  • #9,020
  • Sep 23, 2014 7:01am Sep 23, 2014 7:01am
Quoting orid
{quote} Turing out a very interesting day thank you also Baillie wish I could be more helpful. regards orid Peter
Thanks Orid, we do what we can, when we can. Your earlier success has inspired others to continue and press on, so, Thank you
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