The similarity system | Page 470 | 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

  • #9,381
  • Sep 25, 2014 8:14am Sep 25, 2014 8:14am
seems my level here (http://www.forexfactory.com/showthread.php?p=7754505#post7754505) was right, if EU wants test some more south, her next weak train station (aka even bar) could be 2645 and then 2460. I`ll be in a bear land next week. cross my fingers, I'm still learning.
Humble & Kalcker CLO2 = Covid killer
  • #9,382
  • Sep 25, 2014 8:18am Sep 25, 2014 8:18am
diss spotted at 1.2730 on 15tf
  • #9,383
  • Sep 25, 2014 8:28am Sep 25, 2014 8:28am
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 see your point. Small profit distances, I think, are a smart way to go about things; however that doesnt seem mutually exclusive to a positive reward to risk ratio.

@wireash: Hello. I didnt quite 'get' your method.. (http://www.forexfactory.com/showthread.php?p=7761585#post7761585) Youre working with support and resistance lines on Higher Time Frames?
  • #9,384
  • Sep 25, 2014 8:29am Sep 25, 2014 8:29am
Quoting wireash
diss spotted at 1.2730 on 15tf
price came within 3 pips and bounced off it
just what it was supposed to do
sweeeet
  • #9,385
  • Sep 25, 2014 8:30am Sep 25, 2014 8:30am
Someone refresh me please. Trend changes when similarity is achieved right?
I want more brain power!
  • #9,386
  • Sep 25, 2014 8:32am Sep 25, 2014 8:32am
Quoting cfdtaleong
Someone refresh me please. Trend changes when similarity is achieved right?
From what I recall, trend 'initiates/resumes'..
  • #9,387
  • Edited 9:32am Sep 25, 2014 8:43am | Edited 9:32am
Quoting Thoughts
{quote} From what I recall, trend 'initiates/resumes'..
Thanks. Testing theories again.I'm thinking price should hit at 1.2706ish before any turn. Getting used to embarrassing myself

Edit : Price should head down to 1.271ish now else its another what not to do
I want more brain power!
  • #9,388
  • Sep 25, 2014 8:55am Sep 25, 2014 8:55am
Quoting wireash
{quote} price came within 3 pips and bounced off it just what it was supposed to do sweeeet

Well done for finding your way to trade these.

Do you by any chance have a line around 1.2754?
  • #9,389
  • Sep 25, 2014 9:04am Sep 25, 2014 9:04am
Quoting hepsibah
{quote} Well done for finding your way to trade these. Do you by any chance have a line around 1.2754?
next one above price i have 1.2796
  • #9,390
  • Sep 25, 2014 9:06am Sep 25, 2014 9:06am
Quoting hepsibah
{quote} Well done for finding your way to trade these. Do you by any chance have a line around 1.2754?
Just realised that you probably won't have that one. How about 1.2778?

I can't resist trying to solve riddles!
  • #9,391
  • Sep 25, 2014 9:07am Sep 25, 2014 9:07am
Quoting wireash
{quote} next one above price i have 1.2796
Our posts just crossed. Many thanks for the reply, must put the thinking cap back on
  • #9,392
  • Sep 25, 2014 9:10am Sep 25, 2014 9:10am
Quoting ephisi
{quote} matey, Just like the trz, the trend is a block hole to the dissimilarity signals. you have to understand the concept of supply and demand. and also how dealers move price around. the arbitrafge process especially. dealers may try to take her back above 1.2800. sometimes they succed sometimes they fail. when they fail they hedge their positions with other instuments

And that hedging process is clearly measurable, especially if you are trading EURUSD. There is a reason why EURUSDD gave himself that name. Why EURUSD? HAve you thought of that? The concept of similarity works best on EURUSD, this is because almost other assets in the world are priced in Euros or in dollars. Not every EURUSD move is a true move based on supply and demand. Sometimes it is a price redistribution for a move in other instruments. Like I said Ephisi, once you know how to look for that (and it is easy to know if you are trading EURUSD). Have you watched the 1986 BBC documentary called billion dollar day? See how that last trader offloaded his position with the help of his other colleagues trading the same currency against other currency pairs? He offloaded it without changing price. Ephisi, like I said, breakouts are the Achilles heel of this strategy. Sort that out and you have a winning edge!
  • #9,393
  • Sep 25, 2014 9:10am Sep 25, 2014 9:10am
Quoting hepsibah
{quote} Well done for finding your way to trade these. Do you by any chance have a line around 1.2754?
hmmmmm why 2754 ? hepsibah?
  • #9,394
  • Sep 25, 2014 9:14am Sep 25, 2014 9:14am
Quoting orid
{quote} hmmmmm why 2754 ? hepsibah?
I have a 'missing' top TZ around there and thought it may be similar to wireash's strategy because I also had one around 1.2731 that he was looking at. Obviously a different approach but many of the different approaches give the same levels.
  • #9,395
  • Sep 25, 2014 9:15am Sep 25, 2014 9:15am
Volume Divergence with a bias to the downside working up on the M1..
  • #9,396
  • Sep 25, 2014 9:25am Sep 25, 2014 9:25am
Quoting hepsibah
{quote} I have a 'missing' top TZ around there and thought it may be similar to wireash's strategy because I also had one around 1.2731 that he was looking at. Obviously a different approach but many of the different approaches give the same levels.
thanks hepisbah ,
regards orid peter
  • #9,397
  • Sep 25, 2014 9:31am Sep 25, 2014 9:31am
Quoting FXTriumph
{quote} And that hedging process is clearly measurable, especially if you are trading EURUSD. There is a reason why EURUSDD gave himself that name. Why EURUSD? HAve you thought of that? The concept of similarity works best on EURUSD, this is because almost other assets in the world are priced in Euros or in dollars. Not every EURUSD move is a true move based on supply and demand. Sometimes it is a price redistribution for a move in other instruments. Like I said Ephisi, once you know how to look for that (and it is easy to know if...
Hey Triumph,
I like this post. Are you able to elaborate more on the 2 comments above?
Appreciate it.
A pip is only worth it if you know how much you risked to earn it
  • #9,398
  • Sep 25, 2014 9:31am Sep 25, 2014 9:31am
Quoting mario777
{quote} Just entered my buy. Lets see what happen... {image}
just a few pips to hit my tp
Attached Image (click to enlarge)
Click to Enlarge Name: fx1.png Size: 17 KB
  • #9,399
  • Sep 25, 2014 9:32am Sep 25, 2014 9:32am
Quoting orid
{quote} hmmmmm why 2754 ? hepsibah?
I have 2762 but I can't find the original TZ. It may be because it got taken but I noted it.
A pip is only worth it if you know how much you risked to earn it
  • #9,400
  • Sep 25, 2014 9:33am Sep 25, 2014 9:33am
Quoting mario777
{quote} just a few pips to hit my tp {image}
Just noticed your TP is my 2762 number
A pip is only worth it if you know how much you risked to earn it
8 traders viewing now