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The similarity system

  • #10,321
  • Oct 16, 2014 3:08pm Oct 16, 2014 3:08pm
Quoting vlady1974
{quote} Hi Mhd, I don't think you've understood the "process" correctly. But regardless of what you've understood.... in your charts, if you go back to basics, where have the confirmed zones occurred? If so, how were you able to capitalise on the opportunity once they were confirmed? Try and develop the logic for your own signal rather than let the indicator do the signalling for you. Did you understand the concept of Recurranc? What are those zones? What does price do at those zones? Where does it go after those zones? Does it go anywhere specifically...
Valdy,

that guy asked a very good question (i saw that posted many times and no clear answer, except classic read the thread..etc), even posted charts to see his toughts and mistakes.
wouldnt it be better iif you - since you seem to understand the concept, just tell him the right interpretation of those zones, on the same chart...maybe with one egsample of a good (by the rules) trade on a confirmed zone ?

i mean there are a few of you guys that seem to understand the concept, why not help others (not giving secrets, but pointing where they are wrong )?
the more i read the more it seems that everyone becomes a clone of eurusdd - crytic, secretive, fear that others will descover theyr big secret and so on....
many here are claiming +100 consecutive winners but nobody cared to give a simple answer to a simple question
  • #10,322
  • Oct 16, 2014 3:16pm Oct 16, 2014 3:16pm
Quoting FX-Jay
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...

Congratulations Jay. Amazing results. You made short work of your experiment, I thought you were giving yourself till the years end? You'll be finish by days end at this rate. Anyway well done. on to the next challange.
  • #10,323
  • Oct 16, 2014 3:24pm Oct 16, 2014 3:24pm
Quoting bradu
{quote} Valdy, that guy asked a very good question (i saw that posted many times and no clear answer, except classic read the thread..etc), even posted charts to see his toughts and mistakes. wouldnt it be better iif you - since you seem to understand the concept, just tell him the right interpretation of those zones, on the same chart...maybe with one egsample of a good (by the rules) trade on a confirmed zone ? i mean there are a few of you guys that seem to understand the concept, why not help others (not giving secrets, but pointing...
I appreciate where you're coming from. But here's the deal. I answered his question with specific questions that point towards the answers if you actually took the time to answer them.

Would it be better to tell him the answer? NO! This is not a school. It's a forum to discuss. The type of discussion is thought provoking and challenging. Many people will not be at the same level. That is natural and fair.

if you want to get better, you need to learn to be resourceful and discover, uncover answers independently. I have been helping others on this thread since Aug-Sep 2013.... as soon as I had my breakthrough moments.

I don't reward laziness. Being cryptic when delivering worthy knowledge isn't done to deceive but to filter out those who are worthy. Those who are worthy will go back again and again and again. I can't tell you how many times I've re-read the thread. But when you are ready your teacher will appear.

When you are taught steps 123, it is VERY easy to modify and alter and dilute the original design. But if we taught principles, it doesn't matter how you alter the design or implement the method because the original concepts or blueprints stay constant. That's what this thread can do for you and others.

If this isn't satisfactory, then there's nothing more I can do.

Best of luck.
A pip is only worth it if you know how much you risked to earn it
  • #10,324
  • Oct 16, 2014 3:26pm Oct 16, 2014 3:26pm
Quoting vlady1974
{quote} I appreciate where you're coming from. But here's the deal. I answered his question with specific questions that point towards the answers if you actually took the time to answer them. Would it be better to tell him the answer? NO! This is not a school. It's a forum to discuss. The type of discussion is thought provoking and challenging. Many people will not be at the same level. That is natural and fair. if you want to get better, you need to learn to be resourceful and discover, uncover answers independently. I have been helping others...
  • #10,325
  • Oct 16, 2014 3:30pm Oct 16, 2014 3:30pm
Quoting vlady1974
{quote} I appreciate where you're coming from. But here's the deal. I answered his question with specific questions that point towards the answers if you actually took the time to answer them. Would it be better to tell him the answer? NO! This is not a school. It's a forum to discuss. The type of discussion is thought provoking and challenging. Many people will not be at the same level. That is natural and fair. if you want to get better, you need to learn to be resourceful and discover, uncover answers independently. I have been helping others...
Hey buddy! Never got to thank you for the insight into UTZs! Works like a charm. Notice that the last 10 UTZs on M30(h=24) were all winners. No losses.(if you managed your exits well of course). Cheers!
  • #10,326
  • Oct 16, 2014 4:04pm Oct 16, 2014 4:04pm
Quoting LITEchild
{quote} Hey buddy! Never got to thank you for the insight into UTZs! Works like a charm. Notice that the last 10 UTZs on M30(h=24) were all winners. No losses.(if you managed your exits well of course). Cheers!
Cheers matey, and quid pro quo your work on the swing counts and your alternative entry strategy. I'm still learning to adapt these into my methods! Honoured, humbled and grateful to have you and the other contributors here!! I'm sure Eurusdd would feel the same!
A pip is only worth it if you know how much you risked to earn it
  • #10,327
  • Oct 16, 2014 4:14pm Oct 16, 2014 4:14pm
Quoting LITEchild
{quote} Hey buddy! Never got to thank you for the insight into UTZs! Works like a charm. Notice that the last 10 UTZs on M30(h=24) were all winners. No losses.(if you managed your exits well of course). Cheers!
Just want to show the others here what I would do with this GOLD NUGGET of information.

Firstly, I don't trade using M30. Not saying it doesn't. Work...just not my preference. But here, we have some cryptic information that something has worked. We don't know what, other than be profitable. But we know it's a UTZ.

I would :

Chart a naked 30Minute first and form some opinions. Zoom out and form more opinions and write them down.
What opinions? How about starting with direction. How about duration? How about length of moves? How about some price levels?

Then I would search "UTZ" in this thread. Hint...it's UNEVEN. I would then copy and paste all the posts into a Word document and print it out. I would read each post and draw any concepts out on paper. If there are charts, I would print those and see if I can summarise in my own words. I will write sentences based on my understanding, getting used to terminology...so if I were to ask a contributor, I have something meaningful to ask about something specific.

I would then wonder if the discussion is actually something that is suitable for my personality? I would do the back test with this in mind, and see if the trading style could be incorporated into my lifestyle? More notes and review. What are the strengths and weaknesses? Formulate a basic plan and do some demo testing for 2 weeks with a trading diary.

............ This from just 2 sentences!!


There's gold in these hills!
A pip is only worth it if you know how much you risked to earn it
  • #10,328
  • Oct 16, 2014 4:28pm Oct 16, 2014 4:28pm
Hi, I've just spent my entire morning reading this thread. It seems like there is some very genuine people here who want to help others. I'll be downloading the indis and getting acquainted with them over this weekend.. Many questions will follow! I've been trading for about four years using everything from fibs, tls, custom BBs that have worked very well for me (in ranging markets), EW, proprietary timing tools and a few other things. Will be quite interesting to see what I can get out of the strategy and maybe even add my own flavour to it!

Looking forward to posting here more in the future.
  • #10,329
  • Oct 16, 2014 4:28pm Oct 16, 2014 4:28pm
Quoting LITEchild
{quote} Hey buddy! Never got to thank you for the insight into UTZs! Works like a charm. Notice that the last 10 UTZs on M30(h=24) were all winners. No losses.(if you managed your exits well of course). Cheers!
Mate, just had a look... Seems like another couple of hours away from another. Will check out the reaction.
Been out of commission due to work stuff, but hopefully back in play next week.
A pip is only worth it if you know how much you risked to earn it
  • #10,330
  • Oct 16, 2014 4:29pm Oct 16, 2014 4:29pm
Quoting DasPips
Hi, I've just spent my entire morning reading this thread. It seems like there is some very genuine people here who want to help others. I'll be downloading the indis and getting acquainted with them over this weekend.. Many questions will follow! I've been trading for about four years using everything from fibs, tls, custom BBs that have worked very well for me (in ranging markets), EW, proprietary timing tools and a few other things. Will be quite interesting to see what I can get out of the strategy and maybe even add my own flavour to it! Looking...
Welcome Das!
A pip is only worth it if you know how much you risked to earn it
  • #10,331
  • Oct 16, 2014 4:31pm Oct 16, 2014 4:31pm
Hi vlady,

I really laughed when I read your last post. "... I would then copy and paste all the posts into a Word document and print it out...."

This is just the thing I started two weeks ago. I began copying post I thought are valuable for my understanding. Next step will be not only to copy them but also to read/understand them. :-)

Lots of work but I'am motivated enough to give it a try.


PS: Fine results Jay. That equity curve looks good and the losses are make it looking 'real'.
  • #10,332
  • Oct 16, 2014 5:14pm Oct 16, 2014 5:14pm
Quoting vlady1974
{quote} Just want to show the others here what I would do with this GOLD NUGGET of information. Firstly, I don't trade using M30. Not saying it doesn't. Work...just not my preference. But here, we have some cryptic information that something has worked. We don't know what, other than be profitable. But we know it's a UTZ. I would : Chart a naked 30Minute first and form some opinions. Zoom out and form more opinions and write them down. What opinions? How about starting with direction. How about duration? How about length of moves? How about some...
Attached Image
  • #10,333
  • Oct 16, 2014 6:04pm Oct 16, 2014 6:04pm
Quoting vlady1974
{quote} Hi Mhd, I don't think you've understood the "process" correctly. But regardless of what you've understood.... in your charts, if you go back to basics, where have the confirmed zones occurred? If so, how were you able to capitalise on the opportunity once they were confirmed? Try and develop the logic for your own signal rather than let the indicator do the signalling for you. Did you understand the concept of Recurranc? What are those zones? What does price do at those zones? Where does it go after those zones? Does it go anywhere specifically...
hi valdes its me again after reading your pdf and i understood even zones and uneven zones but i have a question about the central bar . Should it be a price action bar??
the charts below demonstrates what i understood . i drew this area manually . Am i right ???
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 256 KB
DON'T GIVE UP
  • #10,334
  • Oct 16, 2014 6:28pm Oct 16, 2014 6:28pm
Quoting mhmdfx
{quote} hi valdes its me again after reading your pdf and i understood even zones and uneven zones but i have a question about the central bar . Should it be a price action bar?? the charts below demonstrates what i understood . i drew this area manually . Am i right ??? {image}
The Central Bar is always an extreme point (top/bottom)...or a bar where a range of levels don't get returned to (mid).
It is always price. It's mostly wicks but not always, there are some specific ones I've noticed.

When a zone is cleared it's invalidated.But that bar producing the Left Yellow Zone should be remembered on the return journey. Ironically, it did on the far right yellow arrow.
A pip is only worth it if you know how much you risked to earn it
  • #10,335
  • Oct 16, 2014 6:31pm Oct 16, 2014 6:31pm
Quoting hilavoku
Hi vlady, I really laughed when I read your last post. "... I would then copy and paste all the posts into a Word document and print it out...." This is just the thing I started two weeks ago. I began copying post I thought are valuable for my understanding. Next step will be not only to copy them but also to read/understand them. :-) Lots of work but I'am motivated enough to give it a try. PS: Fine results Jay. That equity curve looks good and the losses are make it looking 'real'.
Hey Hila, great to have you. Best of luck with your efforts!
A pip is only worth it if you know how much you risked to earn it
  • #10,336
  • Oct 16, 2014 6:45pm Oct 16, 2014 6:45pm
Quoting Baillie
{quote} Hey! I have a couple of repeat questions, can you answer them for me? LOL...
A pip is only worth it if you know how much you risked to earn it
  • #10,337
  • Oct 16, 2014 7:21pm Oct 16, 2014 7:21pm
QUICK UPDATE for those that are trying to understant TZ levels:
STEP ONE: most trader's on thi's thread will look at TZ indi. and say it repaint's (fair enough) how do i make money with it?
GOOD QUESTION
STEP TWO: most trader's will tell you how they implement TZ indi in their own system
and i have to agree
in my trading TZ indi is another tool in my shed
but if you are new and just started collecting tool's!!! everything is here!!!
STEP THREE:
to make it easy for your eyes couple charts open at the same time they can all be 5min or 15min
but one chart is TZ indi next is dissimilarity (the one with bollinger band's and stoch)
now you have two tool's
in my case diss. and TZ indi. i use them both
i started reading this thread and learned about spotting diss. on chart
fast forward two month's and those lines still hold true
1.27953 and 1.2840 spotted using dissimilarity i also have one at 1.2891 and 1.2795
and those were from two month's ago
my point is:
you all focus on the perfect setting of TZ indi
but dont forget that you also have another tool which is diss.
i just want to refresh our memory and not forget the power of dissimilarity
FOREX market is very forgiving it will wait for you
it will come back to pick you up
just be patient
and dont be scared to pull the trigger when the market repeats itself
once you understand what just happened
over and over again ,you will sit back and say to yourself
THAT's too FUC&*^ easy
THAT's when you will get into big trouble!
becouse you will try to over complicate a simple system that baffle's so many
  • #10,338
  • Oct 16, 2014 7:21pm Oct 16, 2014 7:21pm
NEWBIES dont worry
I WILL GET YOU THRU THIS
  • #10,339
  • Oct 16, 2014 7:31pm Oct 16, 2014 7:31pm
one more thing
INDICATOR:
is like a turn signal on your vehicle
it let's everyone know, youre about to make a turn
either you have GPS!!!
or you have to know the neighbourhood
  • #10,340
  • Oct 16, 2014 10:25pm Oct 16, 2014 10:25pm
Quoting vlady1974
{quote} Just want to show the others here what I would do with this GOLD NUGGET of information. Firstly, I don't trade using M30. Not saying it doesn't. Work...just not my preference. But here, we have some cryptic information that something has worked. We don't know what, other than be profitable. But we know it's a UTZ. I would : Chart a naked 30Minute first and form some opinions. Zoom out and form more opinions and write them down. What opinions? How about starting with direction. How about duration? How about length of moves? How about some...
Very good posts. Thanks mate,s //
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