The similarity system | Page 507 | 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

  • #10,121
  • Oct 10, 2014 2:11am Oct 10, 2014 2:11am
Quoting chrissfx
... A trade towards the Even-TZ? What would be the choice...
We arrived at the Even-TZ. Would have been this a "classic zone trade"?
  • #10,122
  • Oct 10, 2014 2:27am Oct 10, 2014 2:27am
Quoting chrissfx
Good morning @ all, i'm trying to understand how to trade with the Tz's. Could someone, who already use it for trading, give an example for a trade opportunity at e/u right now? Here is the H1 chart: {image} So, we have an Even-TZ to the downside and a Uneven-TZ to the upside. A trade towards the Even-TZ? What would be the choice? Regards Chriss
The Even TZ had been cancelled the following day. Any subsequent return to the range should noted but the initial "return" has been already achieved so is weaker - but not completely irrelevant.

The last UnEven TZ is a bottom, so price is heading up. Look for turbulence when it gets to the last Uneven TZ (top) as it will either continue or bounce.
Using the Even TZ's levels could be good scalping targets.
A pip is only worth it if you know how much you risked to earn it
  • #10,123
  • Oct 10, 2014 2:54am Oct 10, 2014 2:54am
Quoting vlady1974
{quote} The Even TZ had been cancelled the following day. Any subsequent return to the range should noted but the initial "return" has been already achieved so is weaker - but not completely irrelevant. The last UnEven TZ is a bottom, so price is heading up. Look for turbulence when it gets to the last Uneven TZ (top) as it will either continue or bounce. Using the Even TZ's levels could be good scalping targets.
thanks
  • #10,124
  • Oct 10, 2014 4:07am Oct 10, 2014 4:07am
Quoting chrissfx
{quote} thanks
Just had a look at this now (back in the office).... that last TZ looks really....EVEN.
And price has come back to clear it. What we should now be looking for is a close outside of bollinger which should hopefully coincide with an Uneven TZ bottom.

The 1H is forming a hammer, which is a nice reversal candle... but it's inside my bollinger... so the tail could still indicate further downside target. Overall this price action is hesitant until FOMC speeches.
A pip is only worth it if you know how much you risked to earn it
  • #10,125
  • Oct 10, 2014 4:14am Oct 10, 2014 4:14am
Quoting vlady1974
{quote} Just had a look at this now (back in the office).... that last TZ looks really....EVEN. And price has come back to clear it. What we should now be looking for is a close outside of bollinger which should hopefully coincide with an Uneven TZ bottom. The 1H is forming a hammer, which is a nice reversal candle... but it's inside my bollinger... so the tail could still indicate further downside target. Overall this price action is hesitant until FOMC speeches.
Just watching this now...
On 5M, a UTZ has formed based on h> 3
On 1H, a UTZ has formed but h=1!! LOL
A pip is only worth it if you know how much you risked to earn it
  • #10,126
  • Oct 10, 2014 10:09am Oct 10, 2014 10:09am
Hey friends!

The price created on most USD pairs is not the real value. Price will return to real value soon.

I hope some of you can figure out what this means, and why the price is ''faked''

Cheers

Ullen
Not about how much you win, but how much you loose
  • #10,127
  • Oct 10, 2014 11:39am Oct 10, 2014 11:39am
Quoting Ullen
Hey friends! The price created on most USD pairs is not the real value. Price will return to real value soon. I hope some of you can figure out what this means, and why the price is ''faked'' Cheers Ullen

Why be cryptic? Never understood this.

If you want to help, then help and be as clear as possible, use charts, etc. If you are worried about too many people trading the same way and this effecting your results then don't post anything.

Cheers.
  • #10,128
  • Oct 10, 2014 12:38pm Oct 10, 2014 12:38pm
Quoting SunSaltwater
{quote} Why be cryptic? Never understood this. If you want to help, then help and be as clear as possible, use charts, etc. If you are worried about too many people trading the same way and this effecting your results then don't post anything. Cheers.
Ullen was very clear. You must study the post and develop your system. This is the philosophy of autor of this thread : Eurusdd
  • #10,129
  • Oct 10, 2014 1:43pm Oct 10, 2014 1:43pm
Quoting burnssss
{quote} Ullen was very clear. You must study the post and develop your system. This is the philosophy of autor of this thread : Eurusdd
While Ullen is entitled to do whatever he wants, "Ullen was very clear" is obviously a false statement. Don't want to get in to a back and forth, just pointing out that he was not clear and my opinion is I wish everyone would be clear.
  • #10,130
  • Oct 10, 2014 3:12pm Oct 10, 2014 3:12pm
Could someone please guide me what is the "TZ", have a nice weekend everyone
Never say no to PIPS
  • #10,131
  • Oct 10, 2014 3:24pm Oct 10, 2014 3:24pm
Quoting SunSaltwater
{quote} Why be cryptic? Never understood this. If you want to help, then help and be as clear as possible, use charts, etc. If you are worried about too many people trading the same way and this effecting your results then don't post anything. Cheers.
Agreed. The point of the site is to share knowledge and pool brainpower. This thread has been relatively BS-free and has a number of smart and kind people attempting to further it for everyone. Once people begin to exclude either through coded speak / referring to PM's, etc., it destroys the spirit of the community. I understand Ullen's point, but the lack of specificity makes it void of value... like this post up to now...

TZ observations - the left side H-values have little effect on probabilities - they are relatively equivalent, but number of opportunities much larger. However, without some other insight, I can't find value in trading TZ's. The bars large enough to trade contain almost all of the losses, and multiple TZ's in a row are akin to a repainting indicator. Conversely, trading them as breakouts works until a consolidation range, where you also get killed. TZ's on range bars and renko bars have the same drawbacks. I also tried sequencing left-side TZ's in a row, confirmed TZ's vs potential TZ's forming, either in a row or over X time, looked exclusively at non-potential TZ's, etc. etc.

DS/Sim - while EURUSDD said not to look at these as S/R, they do seem to have S/R validity, and many here are trading them this way.

CI/Boll/Stoch/ZZ - this seems to have the most potential as an idea. Finding different indicators that are supposed to represent the same thing, or represent something different but agree 9X% of the time - find enough of them and find different levels or dimensions of DS. I can see how you might be able to pinpoint something this way.

Caveats: I write EA's and do not trade manually. While I arrived late, I did actually read the thread, and hopefully will be able to contribute.
  • #10,132
  • Oct 10, 2014 3:25pm Oct 10, 2014 3:25pm
Quoting lazyegg
Could someone please guide me what is the "TZ", have a nice weekend everyone
Start at post 5717 on pg 286 - or, read the whole thread for better understanding
  • #10,133
  • Oct 10, 2014 5:37pm Oct 10, 2014 5:37pm
Quoting Barbaresco
{quote} Start at post 5717 on pg 286 - or, read the whole thread for better understanding
Thank you so much
Never say no to PIPS
  • #10,134
  • Edited 7:21am Oct 11, 2014 7:02am | Edited 7:21am
UPDATE: Someone may find this useful.

For many people asking for templates, signals, i think is better to develop what really works for you first.
I know that we have very different way of trading, for me , i can spear 3-6 hours trading time per day,especially asian market close towards london market. After developing my scalping system which is still profitable, then i started tweaking with this probability analysis, (kudos to great minds that put everything together, The thread starter,eurusdd and other great unselfish minds). I have to read, and re-read several times, many pages, before i can even understand some terms and behavior ,i dont need to understand all, i just grab what really works for me, and improve them. Now, it is paying off better than i expected.

Now, how do i use it more profitably now? With my initial way of trading over time.

Firstly, i have a fairly ok scalping system that i am previously used -( at least, everyone must know know to trade, at least have an understand how price movement works, and develop good system for him/herself.With this, you will help your self against, making unnecessary loss trades that can be easily avoided).

Secondly, i focus more on 1hr, 15 mins, and entry on 5 mins for quick trades due to my limited time. I dont like leaving my trades running for hours, i am not there for hours, because i dont have access to monitor trades besides my free time. ( anyone should know what time frame is suitable for him/her, so that you are more focused.

Thirdly, on every last few hours ,close to the end of daily charts, i like to see which pairs were greatly moved during the day. I take note of the top 4-5, especially if MAJORS are part, then, they are my target for the next day. This will give me ability to know and monitor what is happening on those pairs, at the beginning on the new day.

Yes: my greatest tool i use is THIS - http://www.myfxbook.com/forex-market/currencies . I SELECT THE TIME FRAME TO BE DAILY, THEN I CLICK ON: CHANGE(PIPS), this re-arrange all the pips, from most sold, to most bought PAIRS for the day or vice versa. Then i quickly note top 4-5 of them ( probably 2 for most bought, and 2 for most sold), then mostly go back to the chart, quickly analyse them from my lesser time frame, 5 minutes, as for me, then to higher time frame of up to 4 hours, especially when the pairs started moving speedily during the day, noting if there is room for it to continue the next day, because most of the time, there will be a lot of activities on them the following day. I cant send more than 10 mins on them for all these summaries and analysis. I just want to know which pairs to focus more on. Then also noting any barriers ahead, like SD, support and resistance.

Fourthly, i apply my system to trade when i see good signals. It has been working for me, now with the use of transient zones, it even makes it easier.
I dont joke with order flow, SD, and momentum, with good money managements, THEY CAN GIVE YOU GOOD MONEY in the long run. This is what my strategies are based upon.

The bottom line is, forex is complex to trade, but with good system and probability trades, if you know what you are doing, you will have a hedge in the market in the long run. My next journey is compounding and big lots trading.
There are great system here, playing with many of them using probability setups like this can really help in the long run.
I am still learning, learning and learning and i wont stop learning and improving.

NEXT my yesterday trades and its analysis
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #10,135
  • Oct 11, 2014 7:08am Oct 11, 2014 7:08am
I normally trade like 4 times, but yesterday was around 16 trades winning over 140 pips in 3 hours or so.
and some of my trades, very few counter trend, and i went out as fast as possible. I also need to learn now to hold on to some trades to avoid spreads payments, BUT being a scalper , i am not that patience for that. I am still learning and see how far i will go with my new improvements.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 7.jpg Size: 172 KB
Click to Enlarge Name: AUDUSDM5.png Size: 50 KB
Click to Enlarge Name: EURUSDM5.png Size: 53 KB
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #10,136
  • Oct 11, 2014 11:36am Oct 11, 2014 11:36am
Hello guys!!
I have read from post 5717 on pg 286.
still can not catch when to enter and exit...
maybe because my english is bad...
I saw nice statement from trader like MikiMax, FX-Jay, brekz1, adeforex etc
I really want to have 98% success trades like you guys. even 70-80% success trades will be great for me.

Can you guys help me by Skype showing me how to trade the system with big probability? it will be better for me watching and understand it because my english is bad..
I am ready to pay you $100 for help.
if someone can help, PM me , I will send skype id.
  • #10,137
  • Oct 11, 2014 12:01pm Oct 11, 2014 12:01pm
Quoting jinakado
Hello guys!! I have read from post 5717 on pg 286. still can not catch when to enter and exit... maybe because my english is bad... I saw nice statement from trader like MikiMax, FX-Jay, brekz1, adeforex etc I really want to have 98% success trades like you guys. even 70-80% success trades will be great for me. Can you guys help me by Skype showing me how to trade the system with big probability? it will be better for me watching and understand it because my english is bad.. I am ready to pay you $100 for help. if someone can help, PM me , I will...
Jinkado, I'm sorry to hear about your FX losses and am happy that you are putting in the effort to get on track. Please stop live trading until you have tested your intended system with 100% objective rules. Also, please understand that anyone who is able to help you would not do so for money. Anyone who wants your $100 will be a charlatan. If you are developing something and have specific questions, I'm sure many here will help you, but we are all also working and trading our own systems, so please understand that broad requests are difficult.
  • #10,138
  • Oct 11, 2014 2:52pm Oct 11, 2014 2:52pm
Quoting jinakado
Hello guys!! I have read from post 5717 on pg 286. still can not catch when to enter and exit... maybe because my english is bad... I saw nice statement from trader like MikiMax, FX-Jay, brekz1, adeforex etc I really want to have 98% success trades like you guys. even 70-80% success trades will be great for me. Can you guys help me by Skype showing me how to trade the system with big probability? it will be better for me watching and understand it because my english is bad.. I am ready to pay you $100 for help. if someone can help, PM me , I will...
I will tell you now there is no precise entry or exit if that is what you are looking for. I'm serious. Not joking or being cryptic.

This TZ thing is a concept you build your system around. There are many ways to trade it. Some method you trade away from a forming TZ, some method you trade towards a forming TZ.

You cannot treat TZ like indicator. No if it shows A do B that kind of thing. Treat TZ like a setup. A setup does not mean a trade.
I want more brain power!
  • #10,139
  • Oct 11, 2014 7:44pm Oct 11, 2014 7:44pm
Quoting jinakado
Hello guys!! I have read from post 5717 on pg 286. still can not catch when to enter and exit... maybe because my english is bad... I saw nice statement from trader like MikiMax, FX-Jay, brekz1, adeforex etc I really want to have 98% success trades like you guys. even 70-80% success trades will be great for me. Can you guys help me by Skype showing me how to trade the system with big probability? it will be better for me watching and understand it because my english is bad.. I am ready to pay you $100 for help. if someone can help, PM me , I will...
Hi jinakado
best not to offer $ for help you probably havea100 pms already lol ,read the thread matey its almost as much fun working things out as raking in the $ afterwards. people here i nice and helpful but you gotta do the hard yards . so you know what to ask
Regards orid peter
  • #10,140
  • Oct 12, 2014 12:50am Oct 12, 2014 12:50am
i'm new here, i've read this thread over and over, got a an idea how it works. but i can't seems to get the indicator works..especially the indicator and template for r-v1, r-v2, it looks very different from the attachment that eurusdd posted..

do i have the right chart? it seems very different as its without CI, bulls (doesn't show anything), semafor etc
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.M15.png Size: 51 KB
8 traders viewing now