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The similarity system

  • #10,041
  • Oct 8, 2014 1:54am Oct 8, 2014 1:54am
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}
Amazing results Jay!
But whatever happened to those 3 big long calls you made, though?
One was for 1.2990, placed at around 1.2900 and you kept extending the time for it to occur..... by last Friday it would have been 400 pips underwater.
  • #10,042
  • Oct 8, 2014 2:02am Oct 8, 2014 2:02am
Quoting MikiMax
{quote} my GU calc make tp at 6040 entry was at 6118
closed earlier at 6066 in profit
Mind is the King
  • #10,043
  • Oct 8, 2014 2:03am Oct 8, 2014 2:03am
Quoting MikiMax
{quote} my current tp for eur/usd is 2557 with 2645 entry
closed earlier at 2636 in profit
Mind is the King
  • #10,044
  • Oct 8, 2014 2:10am Oct 8, 2014 2:10am
Quoting NorthTrader
I think it's great that some of you guys here are making so much money from scalping the potential TZs, as intended by Eurusdd. I lost a fair bit doing that so I'm back to using them for swing trading, as many others here are doing. Particularly as areas of temporary support and resistance. Actually I coded an analysis system in C# the other week to scalp potential TZs that are forming. I didn't trade it, just wanted to see if it was feasible. Unfortunately it wasn't. No matter what I set the parameters to be (profit per trade, maximum stop loss,...

I've been buried in this thread (and the ones that preceeded it) for the past month or more, and I unfortunately have come to the same conclusions.
This works fine in ranging conditions, (but then so does a simple stochastic, or even coin flipping for that matter - if one has the nerve to ride the drawdowns).
It's the breakouts that are killers, and I can't see how TZ's or DS's can ensure you're on the right side of them.
  • #10,045
  • Oct 8, 2014 2:21am Oct 8, 2014 2:21am
Quoting Occamz
{quote} I've been buried in this thread (and the ones that preceeded it) for the past month or more, and I unfortunately have come to the same conclusions. This works fine in ranging conditions, (but then so does a simple stochastic, or even coin flipping for that matter - if one has the nerve to ride the drawdowns). It's the breakouts that are killers, and I can't see how TZ's or DS's can ensure you're on the right side of them.
Higher Timeframes.
A pip is only worth it if you know how much you risked to earn it
  • #10,046
  • Edited 3:07am Oct 8, 2014 2:22am | Edited 3:07am
Quoting MikiMax
{quote} closed earlier at 2636 in profit
adding up all closed trades together make 430 pips
Attached Image (click to enlarge)
Click to Enlarge Name: closedtrades8oct2014.PNG Size: 69 KB
Mind is the King
  • #10,047
  • Oct 8, 2014 3:15am Oct 8, 2014 3:15am
Quoting Occamz
{quote} I've been buried in this thread (and the ones that preceeded it) for the past month or more, and I unfortunately have come to the same conclusions. This works fine in ranging conditions, (but then so does a simple stochastic, or even coin flipping for that matter - if one has the nerve to ride the drawdowns). It's the breakouts that are killers, and I can't see how TZ's or DS's can ensure you're on the right side of them.
Hi Occamz, listen to Vlady's advice and also consider this post (http://www.forexfactory.com/showthread.php?p=7768963#post7768963).

k
  • #10,048
  • Oct 8, 2014 3:23am Oct 8, 2014 3:23am
Can you see my 5 min .in this chart i put support and resistent and spat superderm indicator. Transient zones are appear almost at support and resistent
Attached Image (click to enlarge)
Click to Enlarge Name: ST.png Size: 42 KB
  • #10,049
  • Edited 3:38am Oct 8, 2014 3:24am | Edited 3:38am
Quoting NorthTrader
... No matter what I set the parameters to be (profit per trade, maximum stop loss, left-h, right-h, min-k before taking the trade, and so on), I couldn't even curve-fit it enough to generate consistent profit on the few thousand bars of data I was using. Of course it was easy to generate 90% or more winning trades, as the statistics suggest, but the losers were so large that they wiped out the small gains of all the others ...
I'm practising pure TZ in a micro live account. Multiple pairs. The past 1 month, we seen a couple of hundred pip moves.

Whenever one TZ trade gets caught in an uncomfortable drawdown, I go into recovery mode. During this time, TZs are not to make profit but to cushion the impact of the drawdown trade.

I've been able to recover in the next 2 or 3 TZ trades and come out BE or slighty profitable within the next few hours. Movements in other pairs help too.

I'm trying to convince myself to have faith in "at any time price wants to be recurrent 97%". If it's not in EU, TZs can come from other pairs to help recover or lessen the impact of a drawdown trade. In fact I trade more aggresively during recovery mode. If there aren't enough TZ opportunities across standard timeframes, I go into M10, M20, M25 ... curve fitting timeframes to squeeze more tradeable TZ opportunities.

And of course I say prayers.
  • #10,050
  • Oct 8, 2014 3:27am Oct 8, 2014 3:27am
Quoting wealthpro
Can you see my 5 min .in this chart i put support and resistent and spat superderm indicator. Transient zones are appear almost at support and resistent {image}
spat indi
Attached File(s)
File Type: ex4 SPAT SupDem (2).ex4   13 KB | 580 downloads
  • #10,051
  • Oct 8, 2014 3:27am Oct 8, 2014 3:27am
I suggest everyone to read all posts from vlady and kprsa 2-3 times!
Thanks for your help guys!!
  • #10,052
  • Oct 8, 2014 3:35am Oct 8, 2014 3:35am
Quoting Occamz
{quote} I've been buried in this thread (and the ones that preceeded it) for the past month or more, and I unfortunately have come to the same conclusions. This works fine in ranging conditions, (but then so does a simple stochastic, or even coin flipping for that matter - if one has the nerve to ride the drawdowns). It's the breakouts that are killers, and I can't see how TZ's or DS's can ensure you're on the right side of them.
Yes,I also been buried in this thread,thx to you ,tons of great guys.
English is also not my native language,I still don't know the rules
anyone can show me the BUY RULES and SELL RULES?
thank you.
  • #10,053
  • Oct 8, 2014 3:56am Oct 8, 2014 3:56am
Quoting giovanni4000
I have a long for EU, targeting 2662-2665.
Target is reached. Still do not know where it will go, probably going south .....
  • #10,054
  • Oct 8, 2014 3:57am Oct 8, 2014 3:57am
Quoting killerno
I suggest everyone to read all posts from vlady and kprsa 2-3 times! Thanks for your help guys!!
Agree mate, that is a good idea .... i need more than 5 times, because English is not my mother language
  • #10,055
  • Oct 8, 2014 3:57am Oct 8, 2014 3:57am
Guys, there's positive momentum building here so keep it up. Test, test, test! And if you have the resources, test it live so you can "feel" it - wins/losses.

Let's step back for a minute.

The unwritten rule I've come to the conclusion of within this entire thread is that... you have to know how to trade first (or have intermediate skills) before you can put these principles in place. This thread is not about replacing your trading skills with some new signals or "system". There is no system. You are the system.

For those NOT in the know: Trade Entry strategies (Breakouts, Bounces, Fibs, S/R, Pivots, Moving Avg Crosses, Trendlines, etc etc etc) and Trade Exit strategies (err.... Take Profit Targets, Moving Avg Crosses, Pivots, Fibs, S/R.... etc etc etc).

What Similarity/TZ ultimately focuses on is PROBABILITY. The chances of price moving being at A and coming back to A. Notice, I didn't say the chances of A moving to B.... that's what the other indicators do for you. This concept/principle is about probability of prices doing something or not doing something. Leaving or Returning.

Given the 500+ pages of ideas.... you could use the DS Zones or TZ squares or DS/TZ Triangles or TZ/DS/ZZBB Circles and Swirly Lines any way you want with respect to your Trade Entry / Exit Strategies. Breakout, Bounce, whatever.... this is up to you. The caveat with this is that you start from Higher Timeframes because the lower you go, the lower the probabilities go with respect to price movement magnitude and direction.

So those who are experiencing results with Ranging Prices on the 5M or 15M but get taken out during a sudden move or spike.... what did the 4H and 1H tell you? Must, must, must look at this in order to get into the more sophisticated approaches used by the talented traders here. Eg. Fx-Jay started on HIGHER TIMEFRAMES.
(I don't know how many more times I can say.... Higher Timeframes) before going Lower.

So:

 

  1. Use your existing trading skills. If they need improving, it has nothing to do with this thread.
  2. Use this thread to enhance your existing trading style.
  3. Go from Higher Timeframes to Lower Timeframes
  4. Ranging strategies (entry/exits) are different to Trending strategies (entries/exits)
  5. Use TZs or whatever as (entry/exit) points.... as one of the most basic ways to start testing


Enjoy!
Green pips!

A pip is only worth it if you know how much you risked to earn it
  • #10,056
  • Oct 8, 2014 4:08am Oct 8, 2014 4:08am
Quoting vlady1974
Guys, there's positive momentum building here so keep it up. Test, test, test! And if you have the resources, test it live so you can "feel" it - wins/losses. Let's step back for a minute. The unwritten rule I've come to the conclusion of within this entire thread is that... you have to know how to trade first (or have intermediate skills) before you can put these principles in place. This thread is not about replacing your trading skills with some new signals or "system". There is no system. You are the system. For those NOT in the know: Trade...
Great post. Thanks a lot Vlad .
  • #10,057
  • Oct 8, 2014 5:09am Oct 8, 2014 5:09am
Quoting Albertdkpllh
{quote} Congrats..... Very impressive. Will be going live tomorrow..
Best of luck, keep us updated
  • #10,058
  • Oct 8, 2014 5:14am Oct 8, 2014 5:14am
Quoting Barbaresco
{quote} This is great - happy for you. I followed your posts as you seem to have the trick figured out - and noticed that many of the trades which were ultimately closed at either breakeven or in profit had been in some drawdown - enough to make the R:R much less than 1. Also noticed, however, that you weren't doubling down per se - each trade was handled individually. So, you had the confidence to let price come to you, as EURUSDD advised. Clearly, being able to calculate levels and probabilities in real time helps lend more courage to hold on...
When you have a 90+% profitable trade (based on the system settings), you have the advantage of playing with your R:R. I can chose to have an RR of 8:1 and still be profitable. However, if you are actively trading and experience enough to know how price behaves at certain points, you don't even need a SL.
So yes let the price come to you (but wisely)
  • #10,059
  • Oct 8, 2014 5:17am Oct 8, 2014 5:17am
Quoting SunSaltwater
{quote} Shocking results. Congratulations.
Thanks
Loved your post about TZ

For whoever didn't check it yet, make sure you do, it has some insightful info that you will need
http://www.forexfactory.com/showthread.php?p=7786302#post7786302
  • #10,060
  • Oct 8, 2014 5:20am Oct 8, 2014 5:20am
Quoting adeforex
{quote} Great great results yo have there. I am envying you. This is exactly what am trying to do. Make money, compound it and withdraw the capital, then, do great lot trading. The only problem is that i have just like 4-5 hours to trade per day due to work. Which makes me to go back to scalping at my available time instead of long term trading i said earlier.So i am trying to mix this system with my high probability/scalping profitable system that i have which is neutral to this system. The results are very wonderful, after mixing it with it, though...
Keep up the great work, and keep us posted.

I trade all instruments that my broker offers
I even experimented with stocks for a while.

I usually use H4 TF, recently I'm going for the H1 and M30
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