Next time the 5M is on the line, I will shout out for an MT4 chart! LOL

The similarity system

Alright... I'm over it. I can't trade real cash, but I can still make calls. Need 5M to close below 3180 for a ZZBOT potential. (See chart on the right) BTW... my 4H closed at 4pm. Here's another angle of why 3158 and 3208 are block hole prices.... ...

The similarity system

Your 15M last ZZBot had PRICE and STOCH outside BB.... mine didn't..... AAAARRGH!! No wonder I was puzzled by that mofo!

The similarity system

YESS!!!

The similarity system

You need to have 2 indicators one in separate windows.... v1 on Window 1 and v2 on Window 2. See post 1 and scroll down. He mentions why this is the case and why it's a powerful target.

The similarity system

Sir, I think you have just reminded me/we of a solution to the Bollinger Mid limbo that we walked through earlier with SmallCat etc.

The similarity system

Yes, alluding to a "continuation" - or - what I was referring to as ONE LAST KISS.... ie. retracement then another hike up to near the price or exactly same price Double Top or Weaker Double Top" and then it drops. If this will be a major top... we ...

The similarity system

This is where the "Chess" game described by Eurusdd results in different interpretations. Your 4H analysis is valid. I could also short the 15M and be out after 30 minutes..... I could also have a 5M trade and be out in 10 minutes.... it's all ...

The similarity system

Niiiice chart. Yes... this multiframe analysis is vital. Goood good. Yes... I shouldn't really short it now. What may be happening is that the unofficial ZZTop may actually be valid - but as you know, once the Change In Trend has been confirmed by ...

The similarity system

See post above.... also depends on Price Action. It's forming a pin on the 15M. My 4H closes at 4PM... London close. Would I trust NYC to bring it down? Probably. You do have a point sir!

The similarity system

The 4H looks good with some conditions satisfied for a ZZTOP. If I was trading the 4H, absolutely... wait for the close. I'm trading 15M and 5M... if my broker was online. But you know, anything can happen. When does 4H end... can't remember now... ...

The similarity system

Mate, my broker's site is down. I'm out for the foreseable moment... but I would be short right now.

The similarity system

Don't short yet unless your aggressive!

The similarity system

I think we can all agree that the last non-ZZBOT on the 5M was an absolute bitch... Could have gone in the mid but was too late. For those on Spots (not binary options like me), you could have put an buy stop a few pips above BB Mid if you were a ...

The similarity system

There you go... price broke Mid. Personally I wouldn't trade yet. 15M in the middle of nowhere. 5M could make a top... but that means the previous ZZBOT is weak.... could repaint. IN OTHER WORDS.... WE'RE GOING SIDEWAYS OR RANGING = LUNCH FOR ME.

The similarity system

Touching it and clearing it are not the same. Convincing breakage is what you are after. You can devise your own rules for that. Think about what a touch means. Touch.... is it over or not? It's not tennis or football... it's PRICE CLOSE going in a ...

The similarity system

That's the Dissimilarity ending on the 5M. The green area is now valid after this point in time. Notice there was a ZZTOP and BOT formed during the Dissimilarity Period.

The similarity system

Forgot to say that your 5M chart shows a zone just born. Based on what everyone else has found out... this zone could be temporary short-term resistance/blockage. So yes, could go further south. Anyone have the 2 chart layout? Taypot?

The similarity system

Good. That's the way I am reading it too. I want a PRICE close outside BB on the M15 timeframe. 5M timeframe also has not gone outside BB as you said. So even though it looks like a good long.... I won't enter. IF WE ARE WRONG and price goes up.... ...

The similarity system

My broker's platform is down. Absolutely dismal... what else isn't working today! Grrrrr

The similarity system