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The similarity system

  • #9,281
  • Sep 24, 2014 9:11am Sep 24, 2014 9:11am
Quoting tashkent
{quote} eu will have selling pressure for some time so not expecting sharp bounces. do you trade other pairs too? i am watching the cable and seeing a few interesting things.
I do when I can... but dependent on time. I'll check out Cable! Thx for the heads up!
A pip is only worth it if you know how much you risked to earn it
  • #9,282
  • Sep 24, 2014 9:16am Sep 24, 2014 9:16am
Could not resist , sorry
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  • #9,283
  • Sep 24, 2014 9:18am Sep 24, 2014 9:18am
still not done?
Don't use both feet to test the depth of the river
  • #9,284
  • Sep 24, 2014 9:19am Sep 24, 2014 9:19am
Quoting feline207
Could not resist , sorry {image}
yup got caught in that still learning
  • #9,285
  • Sep 24, 2014 9:31am Sep 24, 2014 9:31am
I just realized i have wasted so much time trading eurusd during no direction days when other pairs are making pips easily. in usdcad today. easy pips. whenever eurusd starts its 20pips range, i will trade other pairs.



what you loyal eurusd peeps think
  • #9,286
  • Sep 24, 2014 10:01am Sep 24, 2014 10:01am
the next top will be above 1.2830. that will take time but happen. this leg down will lead to a leg above 1.2830
  • #9,287
  • Sep 24, 2014 10:06am Sep 24, 2014 10:06am
Quoting Eurusdd
the next top will be above 1.2830. that will take time but happen. this leg down will lead to a leg above 1.2830
where it will arrive?
  • #9,288
  • Sep 24, 2014 10:06am Sep 24, 2014 10:06am
how long a leg will be cannot be determined PRECISELY but one can give a level from which it must happen. more down = more pips but i think we are heading there now.
  • #9,289
  • Sep 24, 2014 10:10am Sep 24, 2014 10:10am
Hey guys,

Hope I'm still catching up to the level where you guys are, trying my best. As of now I've circled in the 5 min eurusd chart (left) that shows a DS (?) anyone whos adept in this could perhaps hint me in the potential direct and reasons?

I think to go short since the stoch doesnt match price above and is higher?
Attached Image (click to enlarge)
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  • #9,290
  • Sep 24, 2014 10:13am Sep 24, 2014 10:13am
Quoting Eurusdd
how long a leg will be cannot be determined PRECISELY but one can give a level from which it must happen. more down = more pips but i think we are heading there now.
It is true, the state of recurrence is the current.
Sorry!!
  • #9,291
  • Sep 24, 2014 10:14am Sep 24, 2014 10:14am
Quoting Eurusdd
how long a leg will be cannot be determined PRECISELY but one can give a level from which it must happen. more down = more pips but i think we are heading there now.
I sure as hell hope so, my profits for the week are currently in the belly of the monster.

Awaiting regurgitation..
  • #9,292
  • Sep 24, 2014 10:14am Sep 24, 2014 10:14am
I will try again by 6.30am London time tomo we should have a low set!

Just an experiment but want it here for all to see if it wrks or not...
  • #9,293
  • Sep 24, 2014 10:20am Sep 24, 2014 10:20am
Quoting josh11
I will try again by 6.30am London time tomo we should have a low set! Just an experiment but want it here for all to see if it wrks or not...
Do you mean a NEW low compared to today? Or do you mean a swing low (at any price)?
Cheers mate!
A pip is only worth it if you know how much you risked to earn it
  • #9,294
  • Sep 24, 2014 10:30am Sep 24, 2014 10:30am
Quoting tashkent
{quote} eu will have selling pressure for some time so not expecting sharp bounces. do you trade other pairs too? i am watching the cable and seeing a few interesting things.
Finally! (work in the way)

Quick 5 minute review .... not trading as yet, just eyeballing.

GBPUSD: 15M .... that looks long (short term bounce). But short from 6360-6370
USDJPY: 15M... looks long
EURJPY: 15M short from 3940
A pip is only worth it if you know how much you risked to earn it
  • #9,295
  • Sep 24, 2014 10:38am Sep 24, 2014 10:38am
Quoting vlady1974
{quote} Finally! (work in the way) Quick 5 minute review .... not trading as yet, just eyeballing. GBPUSD: 15M .... that looks long (short term bounce). But short from 6360-6370 USDJPY: 15M... looks long EURJPY: 15M short from 3940
i took one short and one long with cable. now long gbpcad (scalping) waiting for just one big push up and i am out.

here is EU:

long above upper yellow line and sell below the bottom yellow line. in between red line and upper yellow line is where all money is (for scalpers).
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As Above, So Below
  • #9,296
  • Sep 24, 2014 10:43am Sep 24, 2014 10:43am
pulled the long trigger!!
Don't use both feet to test the depth of the river
  • #9,297
  • Sep 24, 2014 11:19am Sep 24, 2014 11:19am
I would love to see the euro bouncing up from here and continuing up
1.2785 happens to be the 61.8 Fib Retrace for the whole move from the 2012 lows

What concerns me though is a high probability signal that popped up on my USD/CHF giving a high probability for the recent top to be taken out within this week.
If we take into consideration the high correlation between the two currencies, there might be a big chance that the recent low in eur/usd won't be the last for this week.

Personally I'm not going to take the long usd/chf trade yet, I'll wait for the 1.283 target set by Eurusdd, and then consider from there.
  • #9,298
  • Sep 24, 2014 12:49pm Sep 24, 2014 12:49pm
there are more ways of applying TZ concept to the trading. so far getting precise entry signals in both ranging and trending markets.

Thanks EURUSDD
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As Above, So Below
  • #9,299
  • Sep 24, 2014 2:05pm Sep 24, 2014 2:05pm
spotted dissimilarity at 1.2795 on 15tf and 1h
  • #9,300
  • Sep 24, 2014 2:53pm Sep 24, 2014 2:53pm
still waiting. lol
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