The similarity system | Page 469 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Similarity: A Practical Approach 859 replies

Similarity Trading - The ZZBB Method 215 replies

Rainbow similarity 256 replies

Similarity Stuff 17 replies

Directional Similarity 0 replies

Attachments: The similarity system
Exit Attachments

The similarity system

  • #9,361
  • Sep 25, 2014 4:12am Sep 25, 2014 4:12am
I've shorted USDCHF.
A pip is only worth it if you know how much you risked to earn it
  • #9,362
  • Sep 25, 2014 4:19am Sep 25, 2014 4:19am
Quoting vlady1974
Okay peeps. 2696 has been touched. Deeper than one of my numbers 2718-20.... I think this is the area for the Wave 4 bounce. The 2010? level has been pierced so this is going lower.... 2500 is real. But as I said yesterday, to short into this will require one sunnofagun move. And I am eyeing strength to go back to 1.2900+ The higher this gets, the deeper that short. I didn't want to believe it but some few are calling 1.18 and if that is real, I can't see why parity won't be achieved. This projection is for the next 12-18 months. Now I'm...
we will have the same kind of price action we have had from 1.3999 down to 1.2700 . this will be repeated till we get to 1.200 or lower
  • #9,363
  • Sep 25, 2014 4:23am Sep 25, 2014 4:23am
Quoting ephisi
{quote} we will have the same kind of price action we have had from 1.3999 down to 1.2700 . this will be repeated till we get to 1.200 or lower
Agreed. That's basically Wave 3 = Wave 5.
Therefore need a Wave 4. Weekly shows Wave 2 as being 13500 to 13700, for 200 pips.
This could be 200 also: 12700+200= 12900
This could be 400 pips: 12700+400=13100
Average=13000 or 1.3
A pip is only worth it if you know how much you risked to earn it
  • #9,364
  • Sep 25, 2014 4:51am Sep 25, 2014 4:51am
Quoting brekz1
hi, anyone have StochDifZones indicator for mt4 build 670? version StochDifZones_v2_60 cant use because have some error while compile thank you for helping me
http://www.forexfactory.com/showthread.php?p=7393799#post7393799
Even if you fall on your face, you're still moving forward.
  • #9,365
  • Sep 25, 2014 4:55am Sep 25, 2014 4:55am
Quoting Ralome
{quote} http://www.forexfactory.com/showthread.php?p=7393799#post7393799
thank you ralome
  • #9,366
  • Sep 25, 2014 5:47am Sep 25, 2014 5:47am
my eureka moment came when i understood what my TZ indicator was trying to show me on my chart
then i was able to remove it from my chart (i like my charts clean)
then i started drawing lines manually which gave me more confidence
i never cared for the golden h value mine was 6
i personally dont think you have to look for that magic number
but rather try to understand what the indi is trying to do and what its trying to show you
  • #9,367
  • Sep 25, 2014 5:55am Sep 25, 2014 5:55am
so far i took 2 trades that way
different pairs
i drew a line and price went a litttle bit below my line 12 pips but the candle did not close below it. it actually sat there for5 hours perfectly just sitting there
i closed that trade next day for 180 pips my sl was 50pips
on another pair i drew a line and price touched it to a pip then it touched it again and skyroceted closed that one for 290 pips with a 50pip stop loss
now im in another trade where i have my line we will see if price will come down to it or it will continue going up
ill keep you posted
KUDOS
  • #9,368
  • Sep 25, 2014 6:00am Sep 25, 2014 6:00am
let me clarify
the reason i entered a trade was based on what i learned from TZ system
the reason i exited trade was based on stoch on higher tf being overbought and i was expecting a pullback
i write that becouse a lot of guys here give calls but dont talk about sl or why they exit a trade
so i hope this helps
  • #9,369
  • Edited 6:42am Sep 25, 2014 6:32am | Edited 6:42am
Quote
let me clarify
the reason i entered a trade was based on what i learned from TZ system
the reason i exited trade was based on stoch on higher tf being overbought and i was expecting a pullback
i write that becouse a lot of guys here give calls but dont talk about sl or why they exit a trade
so i hope this helps

Thanks for your explication
  • #9,370
  • Sep 25, 2014 7:01am Sep 25, 2014 7:01am
Quoting wireash
let me clarify the reason i entered a trade was based on what i learned from TZ system the reason i exited trade was based on stoch on higher tf being overbought and i was expecting a pullback i write that becouse a lot of guys here give calls but dont talk about sl or why they exit a trade so i hope this helps
most traders lose money because they put a fixed stop loss which gets hit OVER TIME. most traders forget about time being a VERY important aspect of the equation.. after some time your stop loss may not be the right one and will probably get hit
Don't use both feet to test the depth of the river
  • #9,371
  • Sep 25, 2014 7:17am Sep 25, 2014 7:17am
Quoting Strawbale
{quote} most traders lose money because they put a fixed stop loss which gets hit OVER TIME. most traders forget about time being a VERY important aspect of the equation.. after some time your stop loss may not be the right one and will probably get hit
most traders loose money becouse of poor money management
when i enter a trade i open two lots and i always need 1:2 risk to reward
two trades both 50sl
first one is 100 tp second goes with a trail stop around 50 75 pips
that way i can be right 40% of the time and still be successful
  • #9,372
  • Sep 25, 2014 7:24am Sep 25, 2014 7:24am
Quoting tashkent
6 hours to reach 1.2755. the next level is 1.27.
we had a discussion yesterday about the levels when price was actually at around 1.2885 - 1.2900. for me 1.2930 was extremely unlikely but 1.2755 and then 1.27 were more logical levels. Price never touched 1.2930 - it was just 30 pips away but it reached almost 150 pips away target to downside. This is what we need to concentrate on: minimal drawdown, maximum profit.
As Above, So Below
  • #9,373
  • Sep 25, 2014 7:30am Sep 25, 2014 7:30am
Quoting cfdtaleong
{quote} I agree. If an even tz forms or start forming along the move we can target the top uneven tz with more confidence (unverified). I'd also suggest using only formed TZs on the lower TFs. The higher ones we begin analysis once the LTZ forms to maximise opportunities
There appears to be a flaw in this logic of mine. Conflicts condition 1 & 2 in an earlier post of mine
I want more brain power!
  • #9,374
  • Sep 25, 2014 7:39am Sep 25, 2014 7:39am
Quoting vlady1974
{quote} This is what should be communicated to newbies.... when they ask the right questions.
  • #9,375
  • Sep 25, 2014 7:41am Sep 25, 2014 7:41am
Exciter .
here you go exciter BTW you can find all the indis by clicking on the paper clip at top of page.
settings for the stock diff zones are stoch period = 300 bb period = 24 optimised for 15 min tf
I have the Cycle Krofur set to fast ma = 6 slow = 12
beware the ci repaints a lot awkward till you get used to it
Will send you a pm later good luck .
Attached File(s)
File Type: mq4 Cycle_KROUFR_version.mq4   7 KB | 635 downloads
Attached File(s)
File Type: ex4 Symphonie Extreme Indicator v2.ex4   21 KB | 593 downloads

Regards Orid peter
  • #9,376
  • Sep 25, 2014 7:41am Sep 25, 2014 7:41am
seems we have a new temporary bottom. 1.2700 to 1.2800 should be our play ground for the next 1week. expect the usual tricky price action above 1.2700.

I was told i talk too much seems i am doing much better now. Not too many posts per day. good for my trading
  • #9,377
  • Sep 25, 2014 7:49am Sep 25, 2014 7:49am
Quoting wireash
{quote} most traders loose money becouse of poor money management when i enter a trade i open two lots and i always need 1:2 risk to reward two trades both 50sl first one is 100 tp second goes with a trail stop around 50 75 pips that way i can be right 40% of the time and still be successful
No offense but R:R is a textbook farce 1st-2nd year traders fall for. The more you start looking for minimal R:R 1:1+, the less you accept factors at play in the market. 1:3+ fluctuations are often random. Small fluctuations is the way to play. My positions often have 1.5 : 1 R:R risk-reward.

R:R is a concept believed by traders that claim the market is random
R:R is taken for granted by traders that know the market has certain structure

Now this is my own believe, but an example here would be EURUSDD's small 'certain pips'; risk 10, win about 4-5 on average. TE is offline but it underlines the fact that it is all about knowing market structure, not R:R.
  • #9,378
  • Sep 25, 2014 8:00am Sep 25, 2014 8:00am
Quoting mario777
I think it should go down more pips and should hit 1.2698
Just entered my buy. Lets see what happen...
Attached Image (click to enlarge)
Click to Enlarge Name: fx.png Size: 16 KB
  • #9,379
  • Sep 25, 2014 8:00am Sep 25, 2014 8:00am
Quoting Robertk
{quote} No offense but R:R is a textbook farce 1st-2nd year traders fall for. The more you start looking for minimal R:R 1:1+, the less you accept factors at play in the market. 1:3+ fluctuations are often random. Small fluctuations is the way to play. My positions often have 1.5 : 1 R:R risk-reward. R:R is a concept believed by traders that claim the market is random R:R is taken for granted by traders that know the market has certain structure Now this is my own believe, but an example here would be EURUSDD's small 'certain pips'; risk 10, win...
no offence taken
ive been trading for years very successfuly
i have nothing to prove
if R:R is textbook farce then so be it
i'm dumb as a bag of nail's and im not ashamed to admit it
i keep it simple (K.I.S.S)
no fancy term's or complicated numbers
KUDOS
  • #9,380
  • Sep 25, 2014 8:09am Sep 25, 2014 8:09am
Quoting Robertk
{quote} No offense but R:R is a textbook farce 1st-2nd year traders fall for. The more you start looking for minimal R:R 1:1+, the less you accept factors at play in the market. 1:3+ fluctuations are often random. Small fluctuations is the way to play. My positions often have 1.5 : 1 R:R risk-reward. R:R is a concept believed by traders that claim the market is random R:R is taken for granted by traders that know the market has certain structure Now this is my own believe, but an example here would be EURUSDD's small 'certain pips'; risk 10, win...
i don't want to talk too much about r:r, tp, sl etc. i have 1 thing to say: knowing when and how to exit a losing trade is the absolutely, extremely, unimaginably important part of the trading.

back to trading, i closed my shorts and opened fresh long.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 664 KB
Attached Image
As Above, So Below
12 traders viewing now