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The similarity system

  • #9,021
  • Sep 23, 2014 7:01am Sep 23, 2014 7:01am
Quoting Pigh77
{quote} don't share too much be more cryptic please
Don't worry, most won't read it
  • #9,022
  • Sep 23, 2014 7:04am Sep 23, 2014 7:04am
Quoting hepsibah
{quote} Don't worry, most won't read it
I am going to create a lot of noise around these posts bla bla bla aaaah h uuuuuh bu bu bu bi bi bi
  • #9,023
  • Sep 23, 2014 7:05am Sep 23, 2014 7:05am
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......
Nice posts, thanks Vlad. Btw, what is "Bob's your uncle" mean ?
  • #9,024
  • Sep 23, 2014 7:11am Sep 23, 2014 7:11am
Quoting elen21168
{quote} Nice posts, thanks Vlad. Btw, what is "Bob's your uncle" mean ?
Hahahaha... sorry... it's an Australian term, meaning "there you go!" It's just an affirmation that... it is what it is, just like if Bob (or whatever name) is your Uncle... then... there you go, he is your uncle.

Sorry... bad sense of humour!
A pip is only worth it if you know how much you risked to earn it
  • #9,025
  • Sep 23, 2014 7:14am Sep 23, 2014 7:14am
Quoting vlady1974
{quote} Hahahaha... sorry... it's an Australian term, meaning "there you go!" It's just an affirmation that... it is what it is, just like if Bob (or whatever name) is your Uncle... then... there you go, he is your uncle. Sorry... bad sense of humour!
it is ok mate, thanks. i know some thing new now .... And your prediction of EU going to 2900 is very sharp
I don't think my TP @2918 will be hit today. It will be going south. I sell NU now for more sure
  • #9,026
  • Sep 23, 2014 7:15am Sep 23, 2014 7:15am
Okay, just lost -8 pips on that move and it looks like we're gonna bottom out for New York's entry. 2887, 2877, 2866 are levels I'll be looking for. Not to mention new ones formed on the 15M which I've not mapped out yet.
A pip is only worth it if you know how much you risked to earn it
  • #9,027
  • Sep 23, 2014 7:18am Sep 23, 2014 7:18am
Quoting elen21168
{quote} it is ok mate, thanks. i know some thing new now .... And your prediction of EU going to 2900 is very sharp I don't think my TP @2918 will be hit today. It will be going south. I sell NU now for more sure
Ou je je je .... NU is moving, AU will follow , i think. Looking for sell in EU .
  • #9,028
  • Sep 23, 2014 7:23am Sep 23, 2014 7:23am
Quoting orid
{quote} greatstuff Vlady never noticed that more ammo for the trigger Thankyou Regards orid peter
I did thank you too Vlady , don't know if you noticed but thanks again anyhow just did a bobs your uncle for ten pips lol
  • #9,029
  • Sep 23, 2014 7:28am Sep 23, 2014 7:28am
It's actually quite interesting observing the EU thread. I don't want to appear to disparage as there are some great traders/posters in that thread.

I just want to highlight perhaps as a contracts to the chatter on that thread, how valuable this stuff has become... yes, there are people who will always join the discussion and need catch-up help... but the fact that we've got similar resonating views now based entirely on principles, not hard rules, is very satisfying.

We can disagree on approach or tactics, but we agree on principles and strategy which is infinitely more rewarding if it gives you a Eureka Moment.
As an example, this morning on the EU thread it was all shorts... then longs... then shorts... then longs... then shorts just now. But the meandering nature of the discussion just goes to show how mashed it is when a discussion is just an auction of thoughts without cohesive direction.... with the exception of a few select nuggets from excellent contributors.

Here however, everyone is contributing ... eg. Hepsibah's approach just now... like FX-Jay, Josh, Ephisi, Baillie, NorthTrader..as well as others too numerous to mention... And of course, just yesterday Eurusdd has provided more food for thought that I am still perculating on.

Just wanted to post my gratitude.
A pip is only worth it if you know how much you risked to earn it
  • #9,030
  • Sep 23, 2014 7:30am Sep 23, 2014 7:30am
Quoting vlady1974
Okay, just lost -8 pips on that move and it looks like we're gonna bottom out for New York's entry. 2887, 2877, 2866 are levels I'll be looking for. Not to mention new ones formed on the 15M which I've not mapped out yet.
Thanks mate. Will it reach 2829-2835 ?
  • #9,031
  • Sep 23, 2014 7:30am Sep 23, 2014 7:30am
Quoting elen21168
{quote} it is ok mate, thanks. i know some thing new now .... And your prediction of EU going to 2900 is very sharp I don't think my TP @2918 will be hit today. It will be going south. I sell NU now for more sure
Cheers! That call is entirely FX-Jay's so he deserves credit. But the investigation and resulting approach.... THAT is the gold. I think you may see 2918... .next target is 2926 so... keep da eyes peeled!
A pip is only worth it if you know how much you risked to earn it
  • #9,032
  • Sep 23, 2014 7:31am Sep 23, 2014 7:31am
Quoting orid
{quote} I did thank you too Vlady , don't know if you noticed but thanks again anyhow just did a bobs your uncle for ten pips lol
Oh I've not forgotten you sir! You demonstrated to everyone here how to do winning trades in succession! Sniper!
And I've seen your setup, so I'm even more impressed cos it's soooooo simple! It can only get better.

Cha Ching!
A pip is only worth it if you know how much you risked to earn it
  • #9,033
  • Sep 23, 2014 7:32am Sep 23, 2014 7:32am
Okay off to lunch. Gonna miss NY open.
But remember this... if Asia took it up, London took it up.... what will NYC do?
A pip is only worth it if you know how much you risked to earn it
  • #9,034
  • Edited 7:53am Sep 23, 2014 7:39am | Edited 7:53am
VLADY1974 you are right. similar thoughts/principles. And Fx-jAY is like a alien who came to earth, watched our technology, said "hmmm" and then turned what he saw into a masterpiece.
  • #9,035
  • Sep 23, 2014 7:44am Sep 23, 2014 7:44am
hepsibah - trying to follow your logic have you got 12844 that needs revisiting ?
  • #9,036
  • Sep 23, 2014 7:51am Sep 23, 2014 7:51am
Quoting handy148
hepsibah - trying to follow your logic have you got 12844 that needs revisiting ?
At the moment, there was a buy on the previous H1 bar as price closed above 1.28963. However, if price closes below 1.29767 at the end of the current hour (10min), then this will be invalidated as that would give a sell signal (this would be my first loss today but has to happen sometime).

If price closes above 1.28826 in 10min, this would give me a buy on H4. There may be something at 1.2844, not looking there at the moment.
  • #9,037
  • Sep 23, 2014 8:00am Sep 23, 2014 8:00am
Return price at 1.28571: so play safe!
  • #9,038
  • Sep 23, 2014 8:01am Sep 23, 2014 8:01am
Quoting vlady1974
Okay off to lunch. Gonna miss NY open. But remember this... if Asia took it up, London took it up.... what will NYC do?
In that case normally they retrace it a little and then took it more up .
w.
  • #9,039
  • Sep 23, 2014 8:04am Sep 23, 2014 8:04am
Quoting willie
{quote} In that case normally they retrace it a little and then took it more up . w.
Yes, the retrace then go. Better not to judge it as little, medium or large. It can take any form. Best to react to it, with our projections in mind.
A pip is only worth it if you know how much you risked to earn it
  • #9,040
  • Sep 23, 2014 8:18am Sep 23, 2014 8:18am
This is fascinating.

H1 still looking for a HH above 1.28990. Does not want a H1 close below 1.28766 before target.

M30 now looking for a low below 1.28814. Does not want a M30 close above 1.28843 before target.

And Eurusdd tells us it needs to return to a level at 1.2857.

No wonder price is hesitant. News in 30min so may get some resolution then. Spike up then down maybe? Or maybe we don't get the HH. I am currently in long and short.
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