Hey LITEchild, Perhaps it would be good for the newcomers if you marked the bar when you entered the trade or moved the SL. The obvious newbie question would be...."why are you selling into the TZ.... isn't that support? So does that mean you always ...

The similarity system

Hey Josh! Good to have you back mate! Hope all is well!

The similarity system

Hey Guys, Great to see the banter on here. CFD, your comment is spot on! 50% of the success being achieved here is the principles/implementation... but let's not forget the other side of the equation - the actual trader. They are the ones - ie. US! ...

The similarity system

I saw the 2700 break upwards briefly this morning but just didn't have time. Bugger. This is getting me frustrated. LOL. Need a clean calendar!

The similarity system

Yeah, and I've got loads to do at work as well, so I missed that breakout. Can't even watch the screens now. But I wanted to short AUD and short GBP but no chance of looking at that now. EU I'm still thinking meh.... I'll see what happens in a ...

The similarity system

Wow that was quick. EURAUD +12

Similarity Trading - The ZZBB Method

It's gonna be one of those days, so I may just stay out of the market. I meant to short but hit the bloody wrong button... and I completely wasn't aware of it until I was watching and wondering why it was going into the red. Shite! Thankfully it was ...

The similarity system

The shorts on GBPJPY and GBUSD didn't materialise and I only took 5 pips each after moving SL. So they've been invalidated. The directional bias is still holding but will wait for a better entry. I completely screwed up shorts on AUDUSD and exited ...

Similarity Trading - The ZZBB Method

Hi RobertK, I think in order to answer this, one needs to get back to the warm/fuzzy questions of personal preference. It's unavoidable. What if there was an optimum h value for the 1M chart but that required you to be fixated to the screen... would ...

The similarity system

I'm sure there are more ways to skin a cat. It was the obvious one when I looked at it On a good day, I might have just shorted that top of that last swing.... on a bad day, I may have shorted on the break of TZ2

The similarity system

The deal is this. You could treat any old horizontal line as a support or resistance. Trade could be via a bounce or breakout. Nice and simple. The TZs give you the same behaviour as S/R lines, but it's a quicker judgement call because the price ...

The similarity system

TZ3 is the trigger. You had within 30 minutes of the candle breaching TZ3 to decide if that range was transient or not. The move also pierced TZ2 so you knew it was down directionally.

The similarity system

Those things sum up my philosophy

The similarity system

I was stopped out at BE. Expected Asia to take it lower if 76 was broken. Looks like 66 is strong. Going to bed. I'm expecting a mildly turbulent week in that a bottom could form and sentiment could change. Edit: PS. I agree about Similarity being ...

The similarity system

Excellent attitude! Get a big notepad and just take notes. Don't try and absorb to understand. Just absorb. This thread is trading IDEAS (plural) not just one over-arching one. It started off as Similarity, but Eurusdd is basically saying that EU ...

The similarity system

It didn't. So I've shorted EU @ 2669. Was a bit late as I was managing other pairs.

The similarity system

Short GBPJPY 1.7780 I will evaluate this on both intra-day basis initially, but looking towards a long positional trade.

Similarity Trading - The ZZBB Method

Pairs in Focus EURUSD AUDUSD GBPUSD GBPJPY Directional Bias: Short Trading Goals: 30-40 pip trades for EURUSD and AUDUSD Position Trades for GBPUSD AND GBPJPY, looking for 800-900 pip move.

Similarity Trading - The ZZBB Method

Make sure you compare all timeframes to re-enforce a signal.

The similarity system

I will join you if 76 holds.

The similarity system