The 300EMA is not a "similarity" indicator. But Eurusdd elluded to it last year in one of his observations. I forward tested it for one month and was able to get 70% accuracy on daily direction.... but my caveat is that it must be a trending market. ...

The similarity system

Hmmm... 3392 rejected for now. Back to 82 but doesn't look weak.

The similarity system

Nice work! What timeframe is that?

The similarity system

That behaviour is bullish. i.e. price may want to go higher before going lower. 300EMA is coming in on the 1H at 3396. The weekly pivot is now 3392. Any crossing will meet some form of resistance around this area. A breakout will mean higher prices.

The similarity system

Guys, I went long this morning @ 64.4, just exited under 3387 for +24pips. This was done for a a number of reasons that I had mentioned in my last night's post. Some who have dug through my notes will see that I tried a daily forecast of direction ...

The similarity system

Out +24 Right under the thick line in the sand.

EURUSD

My big line in the sand is 300 EMA on the 1H. A definitive hold and close above is a transition signal. Test and retest allowing of course. I don't necessarily think we've all gone bull. That leg up (if it happens) could be Wave 1 or Wave 4. If ...

EURUSD

If I'm right, the pink zone is no longer valid because price has returned and crossed it.Unless another zone exits on a lower timeframe. But 1H trumps any lower rd in terms of power.

The similarity system

Morning mate, also started getting bullish signals last night once it had come down to 60. Small long from 3364.6

EURUSD

I've not been a very good positional trader (I'm working on it) as I prefer to close trades at end of London session. So whilst I have trading reasons to have kept the shorts from 3396 and 3412... 3375 was too good not to take profits on - ...

The similarity system

Okay, here's a quick view of the 1H using one of the MT4 templates I use. The ZigZag shows a Bottom to Top swing... both of which have price closing outside bollinger bands and also the stochastic closing outside bollinger (lower window). The Light ...

The similarity system

@Feline207 Thanks for your questions. There are many ways to answer but at the heart of it, if I think I've understood you - you want to know how to use the principle as we know it for predictive purposes. If I am right, there in lies the problem. ...

The similarity system

Good stuff! Closed at 75... Back to the mid! have a good night!

EURUSD

I was just wondering that. Looking for evidence.

The similarity system

You got a link to that Gator?

EURUSD

Yes, I've covered all shorts for 50 pips net. Yes, DS is Dissimilarity. Can't remember DT... need more context (give me a sentence?) It could be a typo.

The similarity system

Yeah. I think that's where the gold is. I wish I had time and resources to pump into that but sadly not as yet. Having said that, I may PM you to get a better idea of the pricing and dealer pricing... thanks for the tip!

The similarity system

No worries. I thought I'd shoot the breeze on the risk appetite. I also want that damn dirty ape (1.3336-40) but she's an elusive. The DPP could be the deciding factor here. On the 1H, this is significant for me.... ie. change in trend.... but I'll ...

EURUSD

Almost there mate. You keeping any or covering all?

EURUSD

I see what you're saying. I guess that I am heavily implying that a transaction took place that was big enough to cause a price distortion across all brokers. Should the reason behind the distortion become known, then market forces dictate that ...

The similarity system