The similarity system | Page 500 | 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

  • #9,981
  • Oct 7, 2014 10:23am Oct 7, 2014 10:23am
Vlady's words:

"There are rare events where a transient zone is actually an EVEN transient zone.
The observation with EVEN transient zones is
that price will always return to those price levels AFTER or OUTSIDE the number
of H bars… "
Mind is the King
  • #9,982
  • Oct 7, 2014 10:45am Oct 7, 2014 10:45am
Quoting MikiMax
Vlady's words: "There are rare events where a transient zone is actually an EVEN transient zone. The observation with EVEN transient zones is that price will always return to those price levels AFTER or OUTSIDE the number of H bars… "
Hey MikiMax,

I'm hoping that my notes on this are helpful. I would say that on discovering the nature of the Uneven TZs, this can be a way of filtering the market.
There are soooooo many ways to trade or take advantage of the concepts revealed in this thread. Which means there is no one correct way... or even just 4 or 6 effective ways. I know the guys and gals here have got all sorts of things going on that are unique and effective. So the caveat with the Uneven TZ is.... use it as a signal.... use something else as a trigger.

Okay... now we're past that. Here's some practical things:

  1. Uneven TZ are mostly Tops and Bottoms.
  2. This works great in a Ranging Market - therefore your Entry, Exit, Magnitude measurements will need to be based on Ranging Strategies.
  3. When it is a strong trend... you may not experience as many UTZ that are in harmonious sequence. Lots of breakouts etc. When a breakout occurs, you need to switch to Trend Following Strategies, not Ranging Strategies. This advice is from another leading trader that I refer to and not part of this thread - but the advice is relevant and has been discussed recently.

Some random things I've noticed that are not in the Notes:

  1. I use FreeFox's indicator for the Uneven TZ Notes. I would suggest that you overlay this with Kprsa's Indicator and see if you notice anything worth taking advantage of.
  2. Sometimes I see TZs where only the LEFT side is formed..... because the rightside price has completely obliterated the price height with subsequent bar or bars. It's like a perfect double top or double bottom over 2 bars. On 15M charts, I find that moves away from these events tend to be hard and strong with momentum.
  3. Monday was a perfect example of 3-4 EVEN bars getting taken out because price returned to them on the 1H.

The entire thread is based on Prices/Values aligning and the PROBABILITY of returning or revisiting those Values. This IS the change in your mental thinking or belief of the market that will allow you to absorb the principles here into YOUR TRADING STYLE.

Apologies for being random.... been a busy day at work with many looking over my shoulder.

A pip is only worth it if you know how much you risked to earn it
  • #9,983
  • Oct 7, 2014 10:56am Oct 7, 2014 10:56am
Quoting vlady1974
{quote} Hey MikiMax, I'm hoping that my notes on this are helpful. I would say that on discovering the nature of the Uneven TZs, this can be a way of filtering the market. There are soooooo many ways to trade or take advantage of the concepts revealed in this thread. Which means there is no one correct way... or even just 4 or 6 effective ways. I know the guys and gals here have got all sorts of things going on that are unique and effective. So the caveat with the Uneven TZ is.... use it as a signal.... use something else as a trigger. Okay... now...
Thanks a lot Vlady for your kind comments and hints.
Happy to be in a such creative company!
Mind is the King
  • #9,984
  • Oct 7, 2014 11:05am Oct 7, 2014 11:05am
Hi,

I cant find any instructions on how to trade the Transient Zones in this thread, nor can I find the indicator itself.

Do someone have the indicator and can share it? Many thanks!
  • #9,985
  • Oct 7, 2014 11:12am Oct 7, 2014 11:12am
Quoting MikiMax
Vlady's words: "There are rare events where a transient zone is actually an EVEN transient zone. The observation with EVEN transient zones is that price will always return to those price levels AFTER or OUTSIDE the number of H bars… "
thank you bro
i am clear now.thank you for your prompt response and with your explanation 15 min eur/jpy chart i made 10 pips right now .i made my first 100 usd today
  • #9,986
  • Oct 7, 2014 11:12am Oct 7, 2014 11:12am
Quoting MikiMax
{quote} Thanks a lot Vlady for your kind comments and hints. Happy to be in a such creative company!
No worries at all. Just brainstorming whilst I look out at a London sunset ---

a) What if you use UTZs with Close Outside of Bollinger Band concept?
b) What if you mark a horizontal line all the UTZ where h has expired (mark either the top part or bottom) and see if price returns to that level... do this on multiple TFs
c) Are any of you using the CI Indicator or Ralome's DS indicator?.... do any of the TZ match the DS Zones?
A pip is only worth it if you know how much you risked to earn it
  • #9,987
  • Oct 7, 2014 11:18am Oct 7, 2014 11:18am
as my understanding eur/usd 15 min chart .may be a short trade soon
  • #9,988
  • Oct 7, 2014 11:24am Oct 7, 2014 11:24am
Quoting vlady1974
{quote} No worries at all. Just brainstorming whilst I look out at a London sunset --- a) What if you use UTZs with Close Outside of Bollinger Band concept? b) What if you mark a horizontal line all the UTZ where h has expired (mark either the top part or bottom) and see if price returns to that level... do this on multiple TFs c) Are any of you using the CI Indicator or Ralome's DS indicator?.... do any of the TZ match the DS Zones?
hi vlady1974
i am new to this one.can you use TDI indicator with UTZ. I THINK WE CAN ACHIVE HIGH WIN TRADE. when you have time test it and let us know the result
Attached File(s)
File Type: xls TDI trade check.xls   229 KB | 439 downloads
File Type: mq4 TDI-2.mq4   4 KB | 427 downloads
File Type: ex4 TDI-MTF.ex4   31 KB | 398 downloads
  • #9,989
  • Oct 7, 2014 11:27am Oct 7, 2014 11:27am
Quoting wealthpro
{quote} hi vlady1974 i am new to this one.can you use TDI indicator with UTZ. I THINK WE CAN ACHIVE HIGH WIN TRADE. when you have time test it and let us know the result {file} {file} {file}
hi
mikimax this request you to
  • #9,990
  • Oct 7, 2014 11:33am Oct 7, 2014 11:33am
I just wanted to share with everyone the results obtained in the last month.
For those following me from the beginning, they know that I started with this account on my 1st day on FF and I was posting my trades here on a daily basis.
It was an experiment that I wanted to be public. At that point I was confident that I'll be making good results, but never in my wildest dreams did I think it will work that well.

I am sharing the final result now because I am going to withdraw my initial deposit and trade with the profits that I made (which are a whooping 110% - yes you read that right). As you probably know, I never used a volume > 1 per trade. So the huge profits generated this month were basically accumulation of small trades. However, now I decided to try to take it to the next level.

After withdrawing the initial deposit, I will start increasing the volumes and taking much risky trades.
So for those starting new on this thread, you can achieve the results I achieved till now without taking any huge risk. This is a 90% probability system so your risk is only 10% + I can't stress enough on money management!!

The experiment I'm about to take is to transform 10K into 100K by the end of the year. This will be done by the profits made this month, not with the initial deposit!

I'll keep you updated.

All the credit goes to this thread, Eursdd, and all the generous contributors
Don't underestimate what you'll be able to learn from this thread
  • #9,991
  • Oct 7, 2014 11:36am Oct 7, 2014 11:36am
this is not trade call i took eur/usd short at 1.2652 sl 1.2658 tp 1.2641 on 15 min chart
  • #9,992
  • Oct 7, 2014 11:37am Oct 7, 2014 11:37am
Here you go
Few things to focus on:

a- Positive Floating
b- 94.55% profit trades (243/257)
c- Max consecutive losses = 2
d- Max volume = 1 lot/trade
e- Total profit > 100% in less than 1 month
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 33 KB
  • #9,993
  • Oct 7, 2014 11:39am Oct 7, 2014 11:39am
Quoting wealthpro
this is not trade call i took eur/usd short at 1.2652 sl 1.2658 tp 1.2641 on 15 min chart
out with _6 pips learning
  • #9,994
  • Oct 7, 2014 11:49am Oct 7, 2014 11:49am
Quoting FX-Jay
Here you go Few things to focus on: a- Positive Floating b- 94.55% profit trades (243/257) c- Max consecutive losses = 2 d- Max volume = 1 lot/trade e- Total profit > 100% in less than 1 month {image}
thank you
i understand power of this.you guys inspired lot of lives great job. just say start with 2500 usd get lets say 50% a month. after 12 month my monthly income 100,000 usd. ultimate financial freedom
Attached File(s)
File Type: xls 2500 starting cap.xls   31 KB | 493 downloads
  • #9,995
  • Oct 7, 2014 11:53am Oct 7, 2014 11:53am
Quoting wealthpro
{quote} thank you i understand power of this.you guys inspired lot of lives great job. just say start with 2500 usd get lets say 50% a month. after 12 month my monthly income 100,000 usd. ultimate financial freedom {file}
thats your account?
  • #9,996
  • Oct 7, 2014 11:56am Oct 7, 2014 11:56am
Quoting wealthpro
{quote} thank you bro i am clear now.thank you for your prompt response and with your explanation 15 min eur/jpy chart i made 10 pips right now .i made my first 100 usd today
Mind is the King
  • #9,997
  • Oct 7, 2014 11:57am Oct 7, 2014 11:57am
Quoting wealthpro
{quote} hi mikimax this request you to
sure I will
Mind is the King
  • #9,998
  • Oct 7, 2014 11:57am Oct 7, 2014 11:57am
Quoting Occamz
{quote} 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
Just saw your post. I dont use ds. I only use TZ. Coupled with my own way of trading. As you have read there are alot of concepts shared here. You cant put it in a box. We are all using ds and tz in different ways. I will post a chart soon
My trading is not based solely on tz. I only added tz to my method
  • #9,999
  • Oct 7, 2014 11:59am Oct 7, 2014 11:59am
Quoting FX-Jay
Here you go Few things to focus on: a- Positive Floating b- 94.55% profit trades (243/257) c- Max consecutive losses = 2 d- Max volume = 1 lot/trade e- Total profit > 100% in less than 1 month {image}
Well done mate, great wrk
  • #10,000
  • Oct 7, 2014 12:03pm Oct 7, 2014 12:03pm
Quoting vlady1974
{quote} No worries at all. Just brainstorming whilst I look out at a London sunset --- a) What if you use UTZs with Close Outside of Bollinger Band concept? b) What if you mark a horizontal line all the UTZ where h has expired (mark either the top part or bottom) and see if price returns to that level... do this on multiple TFs c) Are any of you using the CI Indicator or Ralome's DS indicator?.... do any of the TZ match the DS Zones?
Seriously guys give this post much thought No not this one, the one in the quotes
I want more brain power!
15 traders viewing now, 1 is registered:
mewtoo