Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Similarity Trading - The ZZBB Method 215 replies

Rainbow similarity 256 replies

Help implementing zigzag similarity concept indicator 0 replies

Similarity Stuff 17 replies

Directional Similarity 0 replies

Attachments: Similarity: A Practical Approach
Exit Attachments

Similarity: A Practical Approach

Quoting juhanimi
{quote} X,1,1 close/close, exponential
A pip is only worth it if you know how much you risked to earn it
Quoting juhanimi
{quote} X,1,1 close/close, exponential
Not that it would matter
Even if you fall on your face, you're still moving forward.
Quoting Ralome
{quote} Not that it would matter
yes, no difference, but Eurusdd had that as reference, so...
comments plz???
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-08-16_0006-Divergence.png Size: 38 KB
Quoting ffpips
comments plz??? {image}
Hi FFpips,

As a matter of course I would check higher timeframes then drill down. Your chart looks like a 15M?
Below is a 4H chart. It's due a ZZT so that requirement overules all smaller timeframes and would need to do that at lest at 1.3390 or above.

The 1H shows a ZZT but the Bollinger is on a weird vertical angle so the chances of a repaint are high. This is harder to project. It could produce a ZZB with price producing a very tight range until the BB contracts together... it would technically be still a bottom. Or it could drop massively as you project... but that would mean it's a retest of the 4H ZZT but not producing a new low... difficult. There would have to be an amazing piece of news to drive back to 1.32

The 15M and 5M are all going to be reflections of the 1H..... but the 1H at the moment is in limbo at exactly where you entered. I am long from there. You can see that I have pending buy limits below that..... some would say catching a falling knife... you could trade it the other way as well.. by shorting and adding but the catch is that if the drop doesn't take out the 4H ZZBOT... it's going to be a very very very quick reversal within the 1H and shorts may be whiplashed.

My opinion: I'm long... but for a 5M -15M timeframe you could scalp that short to a 15M ZZB. That could make me underwater but I'm chasing a target on a higher timeframe so I am fine to have that drawdown - see what I mean?

Unfortunately I can't comment on the CI as I'm not that good on it. What makes the higher CI different to the lower? The higher has already indicated a bottom?

Final comment... the EU's lagging trend could be explained by the activity on the UJ and EJ pairs.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 44 KB
Click to Enlarge Name: eurusdh1.png Size: 40 KB
A pip is only worth it if you know how much you risked to earn it
s 1 on UJ and s 1 on EJ with 2 L on EU

EDIT: timeframe 15M
A pip is only worth it if you know how much you risked to earn it
Gee there is a thread going on here. Just passing through. Long time.
Quoting Eurusdd
Gee there is a thread going on here. Just passing through. Long time.
Hello Sir!
How goes your research?
A pip is only worth it if you know how much you risked to earn it
Quoting vlady1974
s 1 on UJ and s 1 on EJ with 2 L on EU EDIT: timeframe 15M
Hmmm.... all the pairs are syncing in the same direction
A pip is only worth it if you know how much you risked to earn it
Yes m8 - the days when you could trade EU and then GU and AU without even looking at the charts are long gone. Correlation has deserted us for now.
Quoting vlady1974
s 1 on UJ and s 1 on EJ with 2 L on EU EDIT: timeframe 15M
Closed all +110.9 net
A pip is only worth it if you know how much you risked to earn it
Quoting vlady1974
{quote} Closed all +110.9 net
Sweet!
If you are good at something, never do it for free--Joker
Quoting jmn5611
{quote} Sweet!
Wanna get over the $25K barrier. It's a psychological one. Just need $210... 21 pips

Long at 1.3329, based on 5M chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm5.png Size: 57 KB
A pip is only worth it if you know how much you risked to earn it
Quoting vlady1974
{quote} ... but the 1H at the moment is in limbo at exactly where you entered. I am long from there. You can see that I have pending buy limits below that.....


Thanks Vlday.... My intention was not to scalp. I was looking at a full trade, spotting the divergence I thought the price was going to test the start of divergence and this was clear in a stretched out 5M chart but didn't look at higher TF. Your thought process had more weight and aligns with your previous chart drill down post.
next trade I see, I will post another chart to see if I am like you.
Quoting ffpips
{quote} Thanks Vlday.... My intention was not to scalp. I was looking at a full trade, spotting the divergence I thought the price was going to test the start of divergence and this was clear in a stretched out 5M chart but didn't look at higher TF. Your thought process had more weight and aligns with your previous chart drill down post. next trade I see, I will post another chart to see if I am like you.
that's great, man.

always do that. It's more of a trading habit that aligns itself well to the Similarity Approach and more importantly the ZZBBoology method.
You can't catch a beat if the swings don't synchronise on all timeframes. The Minutes and Hours work nicely with a framework of 24 hours.

This is why I've discovered you can't use the same "logic" on Daily and Higher because the time scale is different. ie 1 month = 30 or 31 or 28 or 29 days...errr which one? 1 week = 5 days. But 1 month = 31 days or 4 weeks? Hours and Minutes though are more universal.

So when you pick a time less than 24 hours.... you must go to the highest logical chart. To me that is the 4H. You could use the 8H chart but then you are 4 bars worth of analysis and the pip entry on that is ridiculous! (imagine the SL!!)

So a 15M is the happy medium.... and as a result there will be forces above it (30M, 1H, 4H) that always need to be evaluated as well as those below it (10M, 5M, 1M) If you keep it to quarters and halves then 1M, 5M, 15M, 1H and 4H are all you need for the ZZBB method.
A pip is only worth it if you know how much you risked to earn it
Quoting vlady1974
{quote} Wanna get over the $25K barrier. It's a psychological one. Just need $210... 21 pips Long at 1.3329, based on 5M chart. {image}
4 Longs in play. Lets see what next week brings.
A pip is only worth it if you know how much you risked to earn it
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15.png Size: 45 KB


Ok as shown in the picture of my 15M there are two targets a and b. My question is which one first?

My 4H show we have a ZZT that repainted thus we are due a ZZB so the longer term bias is short. What confuses me is the 15M, will it create an extra swing?
I want more brain power!
Quoting Eurusdd
Gee there is a thread going on here. Just passing through. Long time.
Nice to see U Eurusdd .... when will you give new lesson ? Let us know .....
EU will swing & AU will go down ????
Attached Image (click to enlarge)
Click to Enlarge Name: eu-h1-swing.jpg Size: 165 KB
Quoting cfdtaleong
{image} Ok as shown in the picture of my 15M there are two targets a and b. My question is which one first? My 4H show we have a ZZT that repainted thus we are due a ZZB so the longer term bias is short. What confuses me is the 15M, will it create an extra swing?
I think it will go down first and reach point (a) , then swing upwards to reach point (b) .... may be EU will swing on next monday .... i hope ...
1 trader viewing now