The similarity system | Page 542 | 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

  • #10,821
  • Oct 23, 2014 2:15am Oct 23, 2014 2:15am
Quoting cfdtaleong
{quote} There is still "support" we are point of origin or rather around there. She could bounce. Its a money management play right now.
subscribed. sorry i didnt subscribe to you earlier. this tz thing has taken over my mind
  • #10,822
  • Oct 23, 2014 2:32am Oct 23, 2014 2:32am
Quoting ephisi
i believe we are going to clear 1.2500. the trend has resumed. tz is in account blowing mode
and BAM there are the Germans, pushing the EUR up
  • #10,823
  • Oct 23, 2014 2:33am Oct 23, 2014 2:33am
Quoting ephisi
{quote} subscribed. sorry i didnt subscribe to you earlier. this tz thing has taken over my mind
Oh thanks for subscribing. Yes we've been trying to stress the how well TZs work is dependent on your how well you trade. I will "show" the workings of my brain here for the benefit of people. I don't do it very well I admit but I believe its a valid thought model.

1)EU right now is at good entry point for me based to good ole PA chart reading. Price seems to be bouncing of significant support.

2)TZs in this case plays only a supporting role because I tells me I have a swath of recurrent prices up top. 1.27ish and beyond.Will price go there? Possible, throw in a few fundamental numbers and Yellen or Dhraghi farts a little we'll get there easy.

3)TZ also tells me there is a level at 1.24ish and a big one at 1.20ish. 1.24ish yes probable 1.20ish is gonna take more than a fart.

4) So 1.27ish and 1.24ish price is right smack in the middle so its a rather 50-50 situation.

5) So manage

Edit now she bounced real hard. So game might change
I want more brain power!
  • #10,824
  • Oct 23, 2014 2:34am Oct 23, 2014 2:34am
Quoting fsm
{quote} and BAM there are the Germans, pushing the EUR up
Give it some time. Market dosnt move in a straight line
  • #10,825
  • Oct 23, 2014 2:42am Oct 23, 2014 2:42am
Quoting cfdtaleong
{quote} There is still "support" we are point of origin or rather around there. She could bounce. Its a money management play right now.
Did you notice the several bounces we had yesterday? Price still went further down! So as you said, its a 50 50 thing
  • #10,826
  • Oct 23, 2014 2:50am Oct 23, 2014 2:50am
Quoting cfdtaleong
{quote} Oh thanks for subscribing. Yes we've been trying to stress the how well TZs work is dependent on your how well you trade. I will "show" the workings of my brain here for the benefit of people. I don't do it very well I admit but I believe its a valid thought model. 1)EU right now is at good entry point for me based to good ole PA chart reading. Price seems to be bouncing of significant support. 2)TZs in this case plays only a supporting role because I tells me I have a swath of recurrent prices up top. 1.27ish and beyond.Will price go there?...
bounce?I dont think so.

7:00am EUR French Flash Manufacturing PMI
EUR French Flash Services PMI

7:30am EUR German Flash Manufacturing PMI
EUR German Flash Services PMI

these two news happen..and now TZ is repainting.
we cant use TZ to trade when the news happen..its too danger.
  • #10,827
  • Oct 23, 2014 2:54am Oct 23, 2014 2:54am
Quoting ephisi
{quote} Did you notice the several bounces we had yesterday? Price still went further down! So as you said, its a 50 50 thing
Yes indeed. The only thing we are sure of is the levels that all. Everything we have till date the TZs/DS etc etc just helps to cut out the "noise" Now its looking less 50 50 imho so managing probabilities as well
I want more brain power!
  • #10,828
  • Oct 23, 2014 2:56am Oct 23, 2014 2:56am
Quoting blueface
{quote} bounce?I dont think so. 7:00am EUR French Flash Manufacturing PMI EUR French Flash Services PMI 7:30am EUR German Flash Manufacturing PMI EUR German Flash Services PMI these two news happen..and now TZ is repainting. we cant use TZ to trade when the news happen..its too danger.
Trading repainting TZs is one of the possible implementations, so depends which side you take.
the 3rd wave is the crowd's wave
  • #10,829
  • Oct 23, 2014 3:04am Oct 23, 2014 3:04am
Quoting blueface
{quote} bounce?I dont think so. 7:00am EUR French Flash Manufacturing PMI EUR French Flash Services PMI 7:30am EUR German Flash Manufacturing PMI EUR German Flash Services PMI these two news happen..and now TZ is repainting. we cant use TZ to trade when the news happen..its too danger.
Fair argument. It can go south as well. My skill level currently does not allow me to trade with a direction bias confidently. I only manage my probabilities.

You have to define what you mean by using TZs to trade. For me they are levels I know price will return to at some point. When they return to it I use my TZ h value as an arbitrary guide. As to why they return to it, news serves as a good excuse and driving factor.

The repainting TZ is a PTZ, they need to and will repaint most of time because price is predominately recurrent, else there will be a lot less to trade. The repainting actually hold clues as to how price wants to move but I am unable to articulate it properly at this point.

A Chess game truly
I want more brain power!
  • #10,830
  • Oct 23, 2014 3:04am Oct 23, 2014 3:04am
EURUSD 15min

Attached Image (click to enlarge)
Click to Enlarge Name: ds.png Size: 47 KB


Am I getting it right?
I'm asking because some times price seems not to lead and moves happen in the other direction.
the 3rd wave is the crowd's wave
  • #10,831
  • Oct 23, 2014 3:11am Oct 23, 2014 3:11am
Quoting juriFX
EURUSD 15min {image} Am I getting it right? I'm asking because some times price seems not to lead and moves happen in the other direction.
Attached Image (click to enlarge)
Click to Enlarge Name: stoch leads.png Size: 11 KB


Or maybe sometimes stoch leads?
the 3rd wave is the crowd's wave
  • #10,832
  • Oct 23, 2014 3:40am Oct 23, 2014 3:40am
Quoting juriFX
{quote} {image} Or maybe sometimes stoch leads?
Eurusd is starting move up to finish the unfinish business
  • #10,833
  • Oct 23, 2014 4:34am Oct 23, 2014 4:34am
Quoting forextarget
{quote} Eurusd is starting move up to finish the unfinish business
15min EURUSD
Attached Image (click to enlarge)
Click to Enlarge Name: 15min.png Size: 27 KB

I can see zones below

5min EURUSD
Attached Image (click to enlarge)
Click to Enlarge Name: 5min.png Size: 20 KB

And then on this there is a small zone above

Do you mean these problems?
the 3rd wave is the crowd's wave
  • #10,834
  • Oct 23, 2014 5:37am Oct 23, 2014 5:37am
Get ready for EU to pop (upwards) very soon.

I'm fully loaded from 1.264.
In case a drop occurs because of the Unemployment claims, I would be buying it.

1st target is 1.2710... much higher targets after that.
  • #10,835
  • Oct 23, 2014 5:42am Oct 23, 2014 5:42am
Quoting FX-Jay
Get ready for EU to pop (upwards) very soon. I'm fully loaded from 1.264. In case a drop occurs because of the Unemployment claims, I would be buying it. 1st target is 1.2710... much higher targets after that.
Agreed. Think we'll see 1.2647 before going up.
Not about how much you win, but how much you loose
  • #10,836
  • Oct 23, 2014 6:02am Oct 23, 2014 6:02am
Quoting FX-Jay
Get ready for EU to pop (upwards) very soon. I'm fully loaded from 1.264. In case a drop occurs because of the Unemployment claims, I would be buying it. 1st target is 1.2710... much higher targets after that.
Interesting call buddy. I'm [email protected]. [email protected]. [email protected].
  • #10,837
  • Oct 23, 2014 6:09am Oct 23, 2014 6:09am
Quoting FX-Jay
Get ready for EU to pop (upwards) very soon. I'm fully loaded from 1.264. In case a drop occurs because of the Unemployment claims, I would be buying it. 1st target is 1.2710... much higher targets after that.
Agree

i have same target, and open 1.265x
  • #10,838
  • Oct 23, 2014 6:18am Oct 23, 2014 6:18am
Quoting LITEchild
{quote} Interesting call buddy. I'm [email protected]. [email protected]. [email protected].
Looks like we have 2 opposing trades atm, AUD/CAD & EUR/USD

For EU my SL is at 1.2647 (slightly above my old entry), I do expect 1.2635 before a push higher, but I wouldn't want to risk waiting and missing the move up.
If we go lower, it would be perfect, profits for you & new entries at better prices for me If not, then I'm more than happy with my current position. Let's wait for the Unemployment claims.

I'm getting ready for some USD/CAD shorts also.
  • #10,839
  • Oct 23, 2014 6:24am Oct 23, 2014 6:24am
Quoting FX-Jay
{quote} Looks like we have 2 opposing trades atm, AUD/CAD & EUR/USD For EU my SL is at 1.2647 (slightly above my old entry), I do expect 1.2635 before a push higher, but I wouldn't want to risk waiting and missing the move up. If we go lower, it would be perfect, profits for you & new entries at better prices for me If not, then I'm more than happy with my current position. Let's wait for the Unemployment claims. I'm getting ready for some USD/CAD shorts also.
Top notch trade planning as usual. I like!

P.S. I think our trades are divergent because my algos are showing increasing strength in USD(increasing weakness in CAD as well). Of course it could be bottoming out, but then what are stops for eh?
  • #10,840
  • Oct 23, 2014 6:33am Oct 23, 2014 6:33am
Quoting FX-Jay
{quote} Looks like we have 2 opposing trades atm, AUD/CAD & EUR/USD For EU my SL is at 1.2647 (slightly above my old entry), I do expect 1.2635 before a push higher, but I wouldn't want to risk waiting and missing the move up. If we go lower, it would be perfect, profits for you & new entries at better prices for me If not, then I'm more than happy with my current position. Let's wait for the Unemployment claims. I'm getting ready for some USD/CAD shorts also.
I have 12725 as my target for EU. Rode it up to 12670, closed it there and starting to build again. Let's see.
27 traders viewing now