The similarity system

Tehehe! What a circus!

EURUSDD: "This is the work of someone advanced in computer hacking or someone against my contribution here. Notice that in the picture that was sent to fxjay, the person seemed to be typing his/her statements into notepad before posting them. That means he/she is using some external software to impersonate me. You should not jump into conclusions until the truth comes out. I do not need notepad to send messages from my own profile page! Think people, think!!!"

eurusd, you're losing, man! Think in better replies. this one makes no sense.

The more nonsense like the quote from above is posted, the more it illustrates his desperateness because of all the effort he has put in this project. Long duration -/+ 2 years of posting and obtaining subscribers. Putting together some quite interesting material for us to see(got to give him that). It is clear to me his true goal is not reached. Just look at how desperate and contradicting some of his latest sayings are. Noone would be this desperate unless this person is either obsessed with his own ego, or had a hidden agenda aka the scam. He doesnt seem to realize that his defensive posts are working counter-productive from this point onwards.

Indeed, what a circus. One that was eventually inevitable, I’m afraid.

It was clear to me from the outset that, however good at math Eurusdd might be, there were obvious gaps in his knowledge of TA. For example, several months ago I banged heads with him and his mate Crodzilla when he claimed that stochastic was a repainting indicator, and zigzag wasn’t, even after I’d posted the mathematical formula behind both indicators.

Look folks, please take a minute to understand how markets operate, and then your common sense will tell you why at least some of Eurusdd's claims have been false all along. Markets are driven by orderflow. To oversimplify for the sake of brevity, market orders drive price, and limit orders absorb price, i.e. effectively create barriers at certain levels. If the volume of buy orders exceeds the number of sell orders at a given level, price will rise to the next level, and vice versa. Moreover, these volumes are constantly changing as new orders are placed by millions of participants whose agendas are completely unknown. Now, all technical analysis does is to look at past data. To be able to say something like “there is exactly 73% probability of EURUSD reaching 1.2615 within the next 60 minutes” would require a knowledge of all current orders in the market, plus a knowledge of all orders that will be placed within the next 60 minutes. Experienced institutional traders would laugh at anybody who claimed that they could make this kind of statement based solely on an analysis of past data.

Economic factors are a primary driver of price movement. To make categorical probability statements, you would need to know the outcomes of all news events (http://www.forexfactory.com/showthread.php?p=6174117#post6174117), both scheduled and unexpected, within that 60 minutes, and the precise effect that they would have on price. Other markets also impact forex. You’d need to have an omniscient view on the orderflow occurring in these markets, along with the effect that they will have. Closer to home, all currency pairs affect each other, e.g. EURJPY = EURUSD x USDJPY. Hence to make a probability statement about EURJPY, one would need to know the current and future orderflow in both EURUSD and USDJPY. And so on.

Don’t get me wrong. I’m not saying that technical/statistical/math-based systems can’t provide some kind of edge. Past prices can tell you where higher volumes of orders are more likely to be clustered, and also potentially provide some kind of indication as to directional or behavioral bias. But that is very different to making categorical probability statements about future price movement.

Secondly, even supposing we did know that price will reach a certain level with X% probability, and hence we can set our profit target there, that's not nearly enough information to trade profitably. Just for starters, a trader needs to know how far price is likely to move against him before the target is reached. That is one of the basic principles of risk management, e.g. if there’s a 73% probability of EU reaching a certain price, then there’s a 27% probability that it won’t, and how much will I lose if that 27% outcome occurs? And if price doesn’t reach that level in the next 60 minutes, how much longer should I wait, and risk incurring increasing losses in the process? These are questions that Eurusdd has never attempted to address, and yet they are fundamental questions that any aspiring trader should be prioritizing.

Thirdly, anybody who claims to have a “secret” or “revolutionary” method, or “ultimate truth” that’s known by nobody else, is most likely trying to draw attention to himself, and you should ask yourself why. Banks and institutions can afford to hire the world’s most proficient traders, market analysts, mathematicians, IT experts, etc etc, and they still trade far from perfectly. What is the likelihood that amateurs who post in trading forums know more than their experts do? And given that the heavyweights have access to vastly greater expertise, interchange of information, and capital, what is the likelihood that the average ‘forum trader’ will outperform them consistently?

People come to forums like this driven by a sense of hope: the lure that it’s possible to make some easy money. I’m not saying that there aren’t folk who make a handsome living from trading, but if you ask them they'll tell you that it’s certainly NOT easy. Hope is no substitute for common sense thinking, and nor does it have any bearing on reality.

Finally, for me to invest money with a fund manger, especially someone I’d never met personally, I’d want to:

1. be satisfied that he was thoroughly conversant with the entire process of trading,
2. see evidence that he is both officially accredited AND regulated by the relevant governing body in his country,
3. be supplied with the physical address of his operation,
4. see a third party audited performance dating back at least a few years (and preferably more), and
5. ensure that any funds were held in my name, and that the manager had nothing more than a POA to trade the funds on my behalf.

But each to their own: their money, their choice.

David

hi all,
one bug was found with fractal/end-of-bar stats. here is the fixed version with the updated pdf (some corrections regarding the k section).
cheers,
k

So, something is going on here. I didn't follow the thread, but I've read several posts, I've read the PDF too and made my own conclusion.

As a web designer, I DONT trust any screenshots taken from any webpages. I've made a little experiment here with my inbox. Click to see fullsize view.


How did I do that experiment??? It's really simple. I'm using Chrome web browser : right click on any part of webpages, choose Inspect Element, then start editing any parts you want.

I don't know which one is on the right side, nor the one on the wrong side. I hope my little experiment here can be use useful for someone, or hopefully can clear things a bit.

btw, this is monday, have a nice trading!

Favorite, how did you came in back here?

You don't even need to understand HTML or CSS (I don't) to modify screenshots - just be good at Paint! (or Photoshop if you are more advanced).





Or perhaps this takes your fancy?

Anybody know why Ginger got suspended today after posting this image? hmm... oh the drama! This is better than watching football! haha

This could totally help support EURUSDD's case only if I was the only one claiming to have received messages from him & post screenshots of those messages.

Too bad he did the mistake of sending those message to God knows how many people.
So unless the same guy is operating FX-Jay + PiratePip + DavidRP + Ullen + GU-Night + Kiads & others ... then either all of us are liars and faking screenshots or EURUSDD is lying.

Which sounds more logical to you?

Maybe a video proof could help you decide: http://www.forexfactory.com/showthread.php?p=7875351#post7875351

Thanks for your contribution anyways.

Hey bro, can you add some funds to my paypal account too?

We now have video proof from piratepip.

Case closed...

http://www.youtube.com/watch?v=MVbkkTKQGug

I think that's more than enough, lol

Yeah, you're right, it's kind of hard to doubt that many people. But I think the only one who really really knows what's happening here is the FF management themself. It's their decision to make. Hope everything will be clear soon.

Thanks for bringing the subject back to trading. Thanks for the wonderful indi !!!
I am wondering why, in your MAX and MIN functions, you wrote a loop instead of using iHighest and iLowest?

Are you crazy guys?

It took me 3 weeks to read all the amazing things Eursdd send here and he never asked anything from anyone...

He even live traded over and over to proof he was right... and he was always right...

Why you guys cant use your brain and thank him for what he did freely ?

I think we have some jealous people here and that's all. It's a shame and i really mean it to lose someone like Eursdd....

This is just so disgusting....

Sure! Just pay me the cost to transfer the funds to you - about $20 (for now). I will ask more from you later, and then more again, and finally you will click and realise that I am just taking you for a ride. Scammed again!

now that's a real proof we all can trust. Thanks

haha, not sure how successful i was.
anyway, not using ihighest and ilowest is an atavism from the time i did not know they existed.
i believe the calculations would be faster by using those functions.
k

Shame on those jealous people ... crazy idiots faking messages and conversations, what a shame
Instead of praising a guy that is stealing their money, they went ahead and exposed him on FF.

I can't understand people these days man, they are just crazy jealous disgusting freaks!

Please don't forget to send some bitcoins over to Ghana to show your gratitude to EURUSDD even more