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The similarity system

  • #9,941
  • Oct 6, 2014 9:42pm Oct 6, 2014 9:42pm
Quoting Barbaresco
... losses will be much larger than the wins.
That's my biggest worry in the past 3 weeks trading purely TZ. When a strong trend hits, we easily get 3 or more consecutive TZ bars in lower timeframes.

And my other concern is I could never get anywhere near 90% vs 10%. Not enough left-side-transient bars big enough to trade.
  • #9,942
  • Oct 6, 2014 10:48pm Oct 6, 2014 10:48pm
It is time for me to sell AUD/USD & AUD/JPY ....
Similarity can change your life !
  • #9,943
  • Oct 6, 2014 10:58pm Oct 6, 2014 10:58pm
Quoting summicron
{quote} That's my biggest worry in the past 3 weeks trading purely TZ. When a strong trend hits, we easily get 3 or more consecutive TZ bars in lower timeframes. And my other concern is I could never get anywhere near 90% vs 10%. Not enough left-side-transient bars big enough to trade.
The only good thing about this is since the true problem bars tend to come in clusters, you can look at the periods next to the clusters to better understand when to expect those SL's. Trade right afterwards and up to X% of the expected next cluster depending on your tolerance.
  • #9,944
  • Oct 6, 2014 11:31pm Oct 6, 2014 11:31pm
Quoting summicron
{quote} That's my biggest worry in the past 3 weeks trading purely TZ. When a strong trend hits, we easily get 3 or more consecutive TZ bars in lower timeframes. And my other concern is I could never get anywhere near 90% vs 10%. Not enough left-side-transient bars big enough to trade.
What i do is trying to change the H value, testing it to every TF, looking for best result. I know i am still far from good trader, but i learned a lot from this thread. After i read this thread again and again, there are so many hints (i missed it at my 1st-5th times reading it). Example: Vlady's posts gave me good idea how to eliminate the risk, how can we know price will retrace, or price will continue (trending) just looking at the pattern formed by TRZ. For make me sure, i add some other indicators. And I do not forget SL , prevent me from bigger loss, if i have wrong analyzed it. I realized that most of the problem & loss i got, because of me, inside me, not outside of me.
Similarity can change your life !
  • #9,945
  • Oct 7, 2014 2:21am Oct 7, 2014 2:21am
Quoting ephisi
{quote} Thanks, but there is no price action signaling start of bear move yet. So lets see what happens at 1.2615 zone. I didnt get a retrace to go long. Would have been some good swing. Its unusual for prife to move in a straight line. No signal to sell yet.
Bulls have taken over for the short term. yesterdays move was suprising
  • #9,946
  • Oct 7, 2014 2:44am Oct 7, 2014 2:44am
Quoting MikiMax
let's make some live check calls... eur/usd tp at 2665
achieved
Mind is the King
  • #9,947
  • Oct 7, 2014 2:44am Oct 7, 2014 2:44am
Quoting MikiMax
gbp/usd 6127 tp
achieved
Mind is the King
  • #9,948
  • Oct 7, 2014 3:03am Oct 7, 2014 3:03am
Quoting jackprobe
{quote} What i do is trying to change the H value, testing it to every TF, looking for best result. I know i am still far from good trader, but i learned a lot from this thread. After i read this thread again and again, there are so many hints (i missed it at my 1st-5th times reading it). Example: Vlady's posts gave me good idea how to eliminate the risk, how can we know price will retrace, or price will continue (trending) just looking at the pattern formed by TRZ. For make me sure, i add some other indicators. And I do not forget SL , prevent...
Excellent.

Trading is all about your beliefs of the market. Sometimes it is right, sometimes it is not.
The edge is to not lose so much when your not right.
A pip is only worth it if you know how much you risked to earn it
  • #9,949
  • Oct 7, 2014 3:03am Oct 7, 2014 3:03am
Quoting brekz1
{quote} YES, 1,090 pips at 5 digit, 109 pips at 4 digit
hey, pip is a pip , means 4th digit after decimal...
5th digit after decimal is a 1/10th of a pip...
Mind is the King
  • #9,950
  • Oct 7, 2014 3:16am Oct 7, 2014 3:16am
Quoting summicron
{quote} That's my biggest worry in the past 3 weeks trading purely TZ. When a strong trend hits, we easily get 3 or more consecutive TZ bars in lower timeframes. And my other concern is I could never get anywhere near 90% vs 10%. Not enough left-side-transient bars big enough to trade.
This is my issue too.It seems that most bars are already left side recurrent, so that only leaves a small number of truly potential TZ's, and it seems to be a lottery as to whether to trade toward them or away from them. They don't afford a true 97% probability either way!Anyone see it differently?
  • #9,951
  • Oct 7, 2014 3:19am Oct 7, 2014 3:19am
Quoting ephisi
{quote} Bulls have taken over for the short term. yesterdays move was suprising
I've read a lot of your posts ephisi, (you posted a lot at one time! :-) ) but don't see how you're using DS or TZ in your approach.....
Could you illustrate what you see with a chart or two?
Thanks
  • #9,952
  • Oct 7, 2014 3:30am Oct 7, 2014 3:30am
Quoting MikiMax
{quote} achieved

This is based on DS yes?
Did you really hold on to a 130 pip drawdown for a 20 pip TP?

Do you use a stoploss at all?
If not, at what stage would you close a losing trade?
  • #9,953
  • Oct 7, 2014 3:34am Oct 7, 2014 3:34am
Quoting SunSaltwater
{quote} Hi, I assume this was an error like someone else just made and you actually banked 90.0 pips and not 900?
nope.
I made about 900 pips in 78 trades.
Mind is the King
  • #9,954
  • Oct 7, 2014 3:38am Oct 7, 2014 3:38am
Quoting MikiMax
{quote} achieved

Yeah, but did you have a stop loss, it went 100 odd pips the other way first ?

and if not, what do you do when the trade is in the small percentage that don't return to base?

questions, questions..
  • #9,955
  • Oct 7, 2014 3:44am Oct 7, 2014 3:44am
Quoting leeshindig
{quote} Yeah, but did you have a stop loss, it went 100 odd pips the other way first ? and if not, what do you do when the trade is in the small percentage that don't return to base? questions, questions..
I'm still in a testing mode.
I am trading live but just using micro lots.
Will be able to answer your question/s fully after a few weeks I think.
Of course all other comments/questions are most welcome as treat
it seriously and helpful I believe.
Mind is the King
  • #9,956
  • Oct 7, 2014 3:46am Oct 7, 2014 3:46am
Quoting MikiMax
{quote} I'm still in a testing mode. I am trading live but just using micro lots. Will be able to answer your question/s fully after a few weeks I think. Of course all other comments/questions are most welcome as treat it seriously and helpful I believe.
No problem, I questioned you, to make you question yourself how you can solve that drawdown.

If you find a solution, I'd love to hear it!
  • #9,957
  • Oct 7, 2014 3:58am Oct 7, 2014 3:58am
My next target is 1.2700 GL
  • #9,958
  • Oct 7, 2014 4:00am Oct 7, 2014 4:00am
Quoting leeshindig
{quote} No problem, I questioned you, to make you question yourself how you can solve that drawdown. If you find a solution, I'd love to hear it!
that I can answer right now:
as far as I know until now,
it depends, at least partially on TZs ,
on that particular example, on Friday, I traded 4 pairs:
E/U G/U E/J G/J, of which 2 achieved tp the same day.
the others two were floating drawdown, so I was basically
around BE, but on minus side. I'm trying to figure it out,
how to tweak my strategy with TZ to get most of it,
in terms of time and reward. Until now I use hedging to protect
my trades, and as I said, it depends a little on TZ.
Mind is the King
  • #9,959
  • Oct 7, 2014 4:28am Oct 7, 2014 4:28am
Quoting josh11
My next target is 1.2700 GL
I've longed off the bounce of 2610.
A pip is only worth it if you know how much you risked to earn it
  • #9,960
  • Oct 7, 2014 5:12am Oct 7, 2014 5:12am
Quoting vlady1974
{quote} I've longed off the bounce of 2610.
hi vlay1974 in this long taken in which time frame. i am learn this method now
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