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The similarity system

  • #10,921
  • Oct 24, 2014 9:14am Oct 24, 2014 9:14am
Most of the stoch bb mis-pricing examples that Eurusdd posted from pages 6-30 contain hidden or regular divergence. Can we say that if we are using an indicator that follows price most of the time that divergence indicates mis-pricing?
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  • #10,922
  • Oct 24, 2014 9:21am Oct 24, 2014 9:21am
Quoting SunSaltwater
AUD/JPY from this morning. {image}
hi sun first of all thanx for sharing your insight i just have few questions whats the best time frame to see the box on the candle? and can you show us where to put the box base on the example below pls...
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  • #10,923
  • Oct 24, 2014 9:27am Oct 24, 2014 9:27am
Quoting FX-Jay
{quote} AUD/CAD: +41 pips - Done USD/CAD: 1st trade +34 pips - Done Re-shorted at almost the same entry as 1st trade, now running profit + 18 pips (looking for another 10-15 pips) EUR/USD: 1st trade stopped at BE Re-entered long at 1.2640 Still planning to add more if we get lower prices
AUD/CAD +41
USD/CAD +34 +32
EUR/USD + 40

Concerning EU, eventhough my main target is at 1.271, I'm out for now @ 1.268
Expecting down rather than up at the moment, but I'm not comfortable shorting EU at those prices, so I'm on the sidelines
  • #10,924
  • Oct 24, 2014 9:30am Oct 24, 2014 9:30am
Quoting FX-Jay
Here's a trade idea ... Probability of 0.87181 (AU) being the final low for today is extremely low. How you want to trade this it's up to you. I would be waiting for a retrace up before entering any shorts, shorting at current levels (for 12 pips) doesn't suit my RR. So I'll either take the opportunity to short higher when my RR becomes acceptable or just watch this high probability setup get fulfilled without profiting from it. Best, Jay
Probability of taking out today's low became low (for the day).
The target however remains valid for another 48 hours. Will be shorting from here.

Have a good weekend.

Best,
Jay
  • #10,925
  • Oct 24, 2014 9:48am Oct 24, 2014 9:48am
SunSaltwater
I appreciate your work and enjoy your post, please continue, thanks.
Humble & Kalcker CLO2 = Covid killer
  • #10,926
  • Oct 24, 2014 10:05am Oct 24, 2014 10:05am
Quoting forextarget
{quote} hi sun first of all thanx for sharing your insight i just have few questions whats the best time frame to see the box on the candle? and can you show us where to put the box base on the example below pls...{image}
Hi Forex,

Please see below.

Boxes in white. Lots of others could have been drawn obviously but just highlighted these two:

Lower one you would buy somewhere in the white box. What were higher time frames telling you, sell all at the yellow line or where higher time frames in uptrend so you held some or all for the bigger blue arrow move?

Upper white box, some of that white box still hasn't been made recurrent. Is there an opportunity for trade here back to yellow line, possibly because this area is still TZ. Do you take this short here back to yellow line, this is the discretion part, what is your trading experience telling you, what is the higher time frames telling you? The blue box used to be white as well but as you can see this area has already become recurrent.

Hope this helps.
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  • #10,927
  • Oct 24, 2014 10:06am Oct 24, 2014 10:06am
Quoting jusiur
SunSaltwater I appreciate your work and enjoy your post, please continue, thanks.
You are very welcome and thank you for the positive feedback.
  • #10,928
  • Oct 24, 2014 10:17am Oct 24, 2014 10:17am
Quoting MetaCoder
Did some quick demo trading this morning, my first in a long time. I started up MT4 with the RevealWormhole EA running on EURUSD. I knew I probably wouldn't have to wait very long to see a price mark drawn on the screen. Sure enough, it took about 5 minutes to get one and it was identified at 1.26791. Next step was to see what direction from that marked wormhole the market moved. I wanted to see at least 30 points away from the wormhole before entering a trade. I got a few buy entries at between 30 and 100 points below the wormhole. Then I set my...
HI metacoder thnx for sharing your insight can you tell us pls why and where you took the buy order pls base on your chart thnx
  • #10,929
  • Oct 24, 2014 10:45am Oct 24, 2014 10:45am
Quoting SunSaltwater
{quote} Hi Forex, Please see below. Boxes in white. Lots of others could have been drawn obviously but just highlighted these two: Lower one you would buy somewhere in the white box. What were higher time frames telling you, sell all at the yellow line or where higher time frames in uptrend so you held some or all for the bigger blue arrow move? Upper white box, some of that white box still hasn't been made recurrent. Is there an opportunity for trade here back to yellow line, possibly because this area is still TZ. Do you take this short here back...
You are still posting rubbish as usual I can see. Buisness must be picking up. Posting account statements with an average of 3pips per trade??? What a joke! And completely contradicting everything about TZs and probabilities. I hope other less discerning traders will take the time to analyse your trades entries and exits and see that you obvious don't know what you're doing. Your account statement says 18 trades have been closed. You showed us 16! What were the losses like on the 2 trades you're hiding??? Look at the trading account statement just uploaded by Metacoder a few posts back. It's complete. Nothing hidden. Because he has no ulterior motives. It's easy to get 3pip trades even by just throwing a stone and no stops obviously. How do you mitigate risk? What were the maximum drawdown figures across all trades? These are all stats that were easily acessible when EURUSDD (and even FXjAY) showed their TE's and account statements respectively. As an example, look at the display of just ONE of the trades on your account statement(the first trade EURJPY). The green dashed lines show your entry price and time. The yellow and green ones show your exits. There was nothing different in the candle you entered and the other two previous breakout candles also marked on the chart(which would have been losses obviously). Why didn't you short those candles??? Now look at the other chart showing the same setup with TZs. Do your trades now look like high probability shorts??? This same analysis can be done for all your trades. Closing for small pips to get a high win rate! Bullshit. Show us your equity curve. Display a trade explorer or myfxbook account. Make live calls. These are all standards most experienced traders here have adhered to at one point or the other. Why should your case be different? We cannot demand less of you than we demand of ourselves. If it then means that you are trading using a different methodology from that of this thread, then why do you keep posting here and insist you are doing exactly what the thread starter and others are trying to teach when you obviously aren't? Except if you have other darker ulterior motives of course! I write this not because I hate you or anything, but because I simply have very low tolerance for bullshit! Many cannot tell the difference but I can! And after seeing my warnnings they still go ahead to 'patronise' you, then thats their fault. But at least I spoke up!Keep up the nonsense. I'm watching you(and your so called 'trades').
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  • #10,930
  • Oct 24, 2014 11:08am Oct 24, 2014 11:08am
Quoting LITEchild
{quote} You are still posting rubbish as usual I can see. Buisness must be picking up...
Maybe it's disinformation... can't see any other reason - not cool
  • #10,931
  • Oct 24, 2014 11:21am Oct 24, 2014 11:21am
Quoting Eurusdd
{quote}Good read. I really think it was right to let people understand this simple truth for themselves. You made my day. Some will never understand what is going on and they will continue to search for something extra. The statement is so simple and true. It is up to the trader to use it wisely!
Above was Eurusdd response to Sunsaltwater post below


"Price is 97% recurrent, 3% transient" I have a few suggestions, especially for anyone new. Remove ALL indicators. While I am amazed at all the coding, other ideas being sparked etc. the most important thing period in this thread is the quote I opened this post with. Open a 15 min chart. Choose an H value of 6. Look at every bar for a few days back. See if you can draw a line or box (it becomes a box it price moves more than a pip in 'free' untouched space) from the current bar you are looking at back six bars without touching another bar. When...
Good read.
Live today like theres no tomorrow-- Prioritize like you will die today
  • #10,932
  • Oct 24, 2014 11:31am Oct 24, 2014 11:31am
Quoting LITEchild
{quote} You are still posting rubbish as usual I can see. Buisness must be picking up. Posting account statements with an average of 3pips per trade??? What a joke! And completely contradicting everything about TZs and probabilities. I hope other less discerning traders will take the time to analyse your trades entries and exits and see that you obvious don't know what you're doing. Your account statement says 18 trades have been closed. You showed us 16! What were the losses like on the 2 trades you're hiding??? Look at the trading account statement...
"Business must be picking up" Is this implying I am making money from people on here? Unreal.

This whole post, as well as many others in the same light simply blew my mind.

I honestly don't need this ridiculous, toxic and aggressive communication in my life. I am out of here. To anyone that I may be helping or have helped I apologize.

Have no idea what the motives are behind these type posts, seems very strange to me, almost like by me being here they have something to lose. No idea what it is though unless they are paid to stir up drama or something. Mind boggling.

Good luck everyone.
  • #10,933
  • Oct 24, 2014 11:40am Oct 24, 2014 11:40am
Quoting SunSaltwater
{quote} "Business must be picking up" Is this implying I am making money from people on here? Unreal. This whole post, as well as many others in the same light simply blew my mind. I honestly don't need this ridiculous, toxic and aggressive communication in my life. I am out of here. To anyone that I may be helping or have helped I apologize. Have no idea what the motives are behind these type posts, seems very strange to me, almost like by me being here they have something to lose. No idea what it is though unless they are paid to stir up drama...
Why don't you address the core issues raised with regards to your trades and so called 'acount statement'??? Why not show the complete history and equity curve? Even if it's just for the past two days? Because thats the obviously when you started trading what you'd been preaching! You only started posting those ridiculous excuses of 'account statements' when I called you out about it on Vlady's 'Basic' thread. Many don't want to do the dirty work of confronting you about it. But I will. If you had previously been trading profitably using the theories you are spouting, where's the proof? I have just posted charts to show they are not hhigh probability setups as you claim, and have nothing to do with TZs and Sim/Disim. You are just picking 1,2,3pips here and there and claimimg to be unto something? And you would be very naive to think that deceptive posts like yours can be done without ulterior motives!
  • #10,934
  • Oct 24, 2014 11:42am Oct 24, 2014 11:42am
A couple of thoughts, not very profound:

When you start your trading platform with RevealWormhole running, the amount of time it takes to see a wormhole marked gives you an indication of how active the market is. If a wormhole shows up quickly, it means things are bubbling. Also, the amount of time it takes for the market to move a good distance away from the wormhole, as long as that wormhole remains the most recent one, is another indicator of activity level. My example from this morning was probably reflective of pretty average activity, if there is such a thing. As I watch it right now, things look quiet.
Open to new approaches.
  • #10,935
  • Oct 24, 2014 11:48am Oct 24, 2014 11:48am
Quoting iamsovereign
{quote} Above was Eurusdd response to Sunsaltwater post below "Price is 97% recurrent, 3% transient" I have a few suggestions, especially for anyone new. Remove ALL indicators. While I am amazed at all the coding, other ideas being sparked etc. the most important thing period in this thread is the quote I opened this post with. Open a 15 min chart. Choose an H value of 6. Look at every bar for a few days back. See if you can draw a line or box (it becomes a box it price moves more than a pip in 'free' untouched space) from the current bar you are...
Eurusdd said it's a good read. And of course it's a good read! How else would you catch fish without bait? I have no problems with the theory. I enjoy a good read too. But are you making money from the theory you are trying to teach? That's the million dollar question isn't it? Why try to teach what is not working for you? I am not in this thread because EURUSDD gave me a good read! I am here because he has shown time and time again that what he is saying works! Period. He has made public several TEs for analysis and review. Fair enough! But claiming to be what you are not? trying to teach others when you as a person obviously need to be taught? Bullshit as usual.
  • #10,936
  • Oct 24, 2014 11:50am Oct 24, 2014 11:50am
Quoting MetaCoder
A couple of thoughts, not very profound: When you start your trading platform with RevealWormhole running, the amount of time it takes to see a wormhole marked gives you an indication of how active the market is. If a wormhole shows up quickly, it means things are bubbling. Also, the amount of time it takes for the market to move a good distance away from the wormhole, as long as that wormhole remains the most recent one, is another indicator of activity level. My example from this morning was probably reflective of pretty average activity, if there...
I like your style. No bullshit. That's what brings quality to forex factory. Pls keep it up. I'm following your work closely. Tnx.
  • #10,937
  • Oct 24, 2014 11:56am Oct 24, 2014 11:56am
Quoting LITEchild
{quote} I like your style. No bullshit. That's what brings quality to forex factory. Pls keep it up. I'm following your work closely. Tnx.
I second this.
A pip is only worth it if you know how much you risked to earn it
  • #10,938
  • Oct 24, 2014 12:02pm Oct 24, 2014 12:02pm
Quoting LITEchild
{quote} I like your style. No bullshit. That's what brings quality to forex factory. Pls keep it up. I'm following your work closely. Tnx.
Thank you LITEchild and vlady1974. I have no agenda other than to learn more about trading. I do not possess the fast analytical abilities of real traders so I want to develop simple easy-to-follow tools for myself and will always be happy to share what I've got.
Open to new approaches.
  • #10,939
  • Oct 24, 2014 12:05pm Oct 24, 2014 12:05pm
Quoting MetaCoder
{quote} Thank you LITEchild and vlady1974. I have no agenda other than to learn more about trading. I do not possess the fast analytical abilities of real traders so I want to develop simple easy-to-follow tools for myself and will always be happy to share what I've got.
  • #10,940
  • Edited 12:17pm Oct 24, 2014 12:06pm | Edited 12:17pm
Quoting Eurusdd
The problem is how you deal with transient prices, in a ranging or trending market. There are some things that must remain secret. If you can figure it out, good for you!!!! You have the theory, build your trading model! Bye.
Ranging: Expect greater probability of transient zones occurring at extremes in ranging markets (ranging = bounces off previously formed TZs.)
Trending: Expect greater probability of transient zones occurring above price in a down trend / recurrent zones below price (vice versa for up trends)
Expect larger time frame TZ for trend change on lower time frames.

Something to consider, the more smaller time frame PTZs forming the greater likelihood a developing larger time frame TZ will be a PTZ. How do we factor in multiple time frame analysis in our probability analysis??

Just thinking allowed...(perhaps this thinking is too main stream..or is it the wine??).
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