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The similarity system

  • #9,061
  • Sep 23, 2014 9:26am Sep 23, 2014 9:26am
I'm getting a few queries about the TZ thing.

I feel obliged to explain how I'm doing it so I'll see if I can whip something up tonight. The caveat is still this: it's just an idea. The original concept is still the DNA of everything. So if it's used, then great.... just don't forget the concepts! Eg. Hepsibah's strategy is pretty effing awesome... not sure if you guys are realising how he is minimising risk!
A pip is only worth it if you know how much you risked to earn it
  • #9,062
  • Sep 23, 2014 9:29am Sep 23, 2014 9:29am
Money Management thought for those who like to take a pip or two every trade?


Attached Image (click to enlarge)
Click to Enlarge Name: 1 PIP.png Size: 7 KB
  • #9,063
  • Sep 23, 2014 9:29am Sep 23, 2014 9:29am
And when 2835?
  • #9,064
  • Sep 23, 2014 9:31am Sep 23, 2014 9:31am
Quoting Eurusdd
{quote} target in sight now General! Do I eliminate it or let it breathe. Waiting for your orders.
Perfect. I know you are the best Grand Master !!
Similarity can change your life !
  • #9,065
  • Sep 23, 2014 9:38am Sep 23, 2014 9:38am
Target eliminated. If symptoms of life persists we will deliver more bullets.
  • #9,066
  • Sep 23, 2014 9:40am Sep 23, 2014 9:40am
Quoting Eurusdd
Target eliminated. If symptoms of life persists we will deliver more bullets.
Really great, unbelievable. You are the best

Quoting burnssss
And when 2835?
I think it will go up again, to complete the pending job.
  • #9,067
  • Sep 23, 2014 9:44am Sep 23, 2014 9:44am
Quoting Eurusdd
Target eliminated. If symptoms of life persists we will deliver more bullets.
Brilliant Chief, brilliant!
A pip is only worth it if you know how much you risked to earn it
  • #9,068
  • Sep 23, 2014 9:47am Sep 23, 2014 9:47am
Chief, Im scouting for next possible targets!
Don't use both feet to test the depth of the river
  • #9,069
  • Sep 23, 2014 9:49am Sep 23, 2014 9:49am
Eurusd thankyou for 2857
regards
orid peter
  • #9,070
  • Sep 23, 2014 9:51am Sep 23, 2014 9:51am
Back at the desk.

I could be a tad too aggressive. Long.
Uneven TZ. But it's a tad too close for my normal liking - but I'm willing to risk a few pips to test this out.
CFD, here's a non-fully formed one... timeframe 5M.
A pip is only worth it if you know how much you risked to earn it
  • #9,071
  • Sep 23, 2014 9:52am Sep 23, 2014 9:52am
Quoting vlady1974
Back at the desk. I could be a tad too aggressive. Long. Uneven TZ. But it's a tad too close for my normal liking - but I'm willing to risk a few pips to test this out. CFD, here's a non-fully formed one... timeframe 5M.
Bugger. As I was typing it invalidated it.... there you go folks, it's possibly better to wait until the LEFT side forms a valid TZ first.

Edit:
Hold your horses.... on the 2M, it's valid. Left TZ height (LESS THAN) < Right TZ height.
On the 5M, they looked the same height.
A pip is only worth it if you know how much you risked to earn it
  • #9,072
  • Sep 23, 2014 9:53am Sep 23, 2014 9:53am
Quoting vlady1974
Back at the desk. I could be a tad too aggressive. Long. Uneven TZ. But it's a tad too close for my normal liking - but I'm willing to risk a few pips to test this out. CFD, here's a non-fully formed one... timeframe 5M.
Hi Vlad,
Will it reach 2887, or more - may be 2892 ?
Similarity can change your life !
  • #9,073
  • Sep 23, 2014 9:55am Sep 23, 2014 9:55am
Quoting vlady1974
{quote} Bugger. As I was typing it invalidated it.... there you go folks, it's possibly better to wait until the LEFT side forms a valid TZ first. Edit: Hold your horses.... on the 2M, it's valid. Left TZ height (LESS THAN) < Right TZ height. On the 5M, they looked the same height.
Left side of M5 is done. I have a buy ... lets see.
  • #9,074
  • Sep 23, 2014 9:59am Sep 23, 2014 9:59am
Quoting elen21168
{quote} Left side of M5 is done. I have a buy ... lets see.
Mate, you are so aggressive I am sure you did not forget 10 pips SL ...
Similarity can change your life !
  • #9,075
  • Sep 23, 2014 10:00am Sep 23, 2014 10:00am
scalp short
Don't use both feet to test the depth of the river
  • #9,076
  • Sep 23, 2014 10:01am Sep 23, 2014 10:01am
Quoting jackprobe
{quote} Mate, you are so aggressive I am sure you did not forget 10 pips SL ...
Stops are now at BE. Risk Free trade.
A pip is only worth it if you know how much you risked to earn it
  • #9,077
  • Sep 23, 2014 10:05am Sep 23, 2014 10:05am
Quoting vlady1974
{quote} Stops are now at BE. Risk Free trade.
You are right mate. Other pair like Kiwi is still sinking .... EU needs some more time
Similarity can change your life !
  • #9,078
  • Sep 23, 2014 10:06am Sep 23, 2014 10:06am
2M

This is eyeballing 5 bars. Therefore h = 5

I look for a low in this case cos the trend was down. I spot one forming (highlighted in Yellow)
The moment I have a wick, I know a potential TZ is forming on the left.... especially if the next bar close or low does not breach the wick of the previous one (the one I sighted as the low).

Looking at 5 bars before the yellow bar (anchor bar), I trace a line of the lowest low of these 5 bars and connect it back to the Yellow Bar. This is the height of the Left Transient Zone. So price has not gone back into this area, except for our Ancor.

Looking at the next 5 bars, we have an anomaly in that the next bar looks to have matched the previous bar. You could almost say it's identical to the previous bar. You either treat it like the previous bar or ignore it. I do the latter. I then see that the next bars have a higher low than the Lows of the Left Side.... see that? That will form an UNEVEN TZ.

That's a signal that this bottom is TRANSIENT. Price should go away from it now into a major move on that timeframe.
Attached Image
A pip is only worth it if you know how much you risked to earn it
  • #9,079
  • Sep 23, 2014 10:06am Sep 23, 2014 10:06am
Quoting Strawbale
scalp short
thnx market
Don't use both feet to test the depth of the river
  • #9,080
  • Sep 23, 2014 10:07am Sep 23, 2014 10:07am
Previous Long stopped out, but in again. Same conditions.
A pip is only worth it if you know how much you risked to earn it
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