I notice you don't seem to have stop loss. At what point do you decide "the market changed its mind"? Any rules?

my system of 20 pips

Reason why I said slightly higher for the short was the problem areas above on the daily. Infact, there's still another of around 8 pips from the 9th of October. But maybe that was enough for now. Either way, I was sleeping when it happened ha.

The similarity system

Chill dude. It's only forex.

The similarity system

All this to and fro Not even a good place to short imo. edit. sorry, it might end up being, but you can maybe get slightly higher first, is all I mean!

The similarity system

image

The similarity system

Maybe some of you new guys need to learn to spot transient zones with the naked eye, and understand their behaviour. Then you may be able to understand the nature of them. image

The similarity system

Start from higher time frames first, down to small ones with a large H. Find the true transient areas. A 5 minute chart will just burn holes in your pockets.

The similarity system

Any talk of interest rates and the dollar will go nuts.. be aware!

The similarity system

No problem, I questioned you, to make you question yourself how you can solve that drawdown. If you find a solution, I'd love to hear it!

The similarity system

Yeah, but did you have a stop loss, it went 100 odd pips the other way first ? and if not, what do you do when the trade is in the small percentage that don't return to base? questions, questions..

The similarity system

Yup, good observations... image

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I tip my cap to you sir..

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Sensible post!

The similarity system

Indeed!.. How complex do you need to make the markets??

The Z Transform system

I know it, or at least what I perceive my version of it. I am entitled to my right of speech. lol But as I said in the original post, it was not a gloat, just saying how quiet it had gone since the move down last week. Even fxjay is not posting.

The similarity system

It's extremely quiet on here since it broke all predictions.. not gloating, just saying. I still think the beauty of this system lies in trading the direction, not picking bottoms and tops.

The similarity system

I wouldn't call myself intelligent. I keep things as simple as possible because I'm not! Thanks for the great thread. It's been an interesting weeks reading!

The similarity system

After another ton of reading. I've come to think many have become hung up on predicting tops and bottoms rather than trading in the direction until similarity becomes the norm again. As the early days of the thread seemed to be about. Yeah, the ...

The similarity system

Zooming out and looking at different H settings.. surely the way to trade this, is in the same direction of any newly forming transients, towards a longer term bollinger band? With the correct H setting, very rarely does a reverse happen with a ...

The similarity system

I see some are applying this to stocks.. Gaps on stocks have very similar properties to TZs. Infact, I'd hazard a small guess that as the FX market is 24hr.. TZs are most likely gaps in the currency, where a value is skipped past.. to be retested ...

The similarity system