Just posting my thoughts after the last major down moves. Alot of bulls will be looking for a place to park a long trade now because they'll feel it's oversold. From 1.39 to 1.28 may seem like a lot but when you view it long term it's not unusual. ...

Similarity Trading - The ZZBB Method

Support Lines on my Weekly: 2741.5 2639.9 2464.5 2109.9 The obvious "popular" bounce is 2741 but 2639.9 could play a part, with a TrendCount of at least 70 to 100. If it did bounce with a trendcount of 70 then I would view this as potentially a Wave ...

The similarity system

You can probably move stops to BE now, but watch for any retrace.

The similarity system

I second Josh. Don't use Trailing Stops. 2942 is still the line in the sand today. We all know it's going lower so wait until it clears this price by at least 40-50 pips. EU moves in 20 pip waves. 40 pips is a decent move. 120 ATR is therefore about ...

The similarity system

I love this post. TBIRD! Guess what!?! YOU'RE A TRADER NOW! Keep it simple, manageable, consistent. Live your life not your trades!

The similarity system

Yes, definitely worth holding onto these. The cutting of rates is very significant. 1.39 to 1.34 still had room to move and psychologically 1.300 was the mental barrier to thinking that fundamentals could create a "black swan" event. Now that has ...

The similarity system

Love trendline breaks.... especially S/R lines. I'm formulating a new trading goal for Oct. I guess it's the logical inverse of EU and that's to long USD.... not just FX but across a platform.... ETFs, Stocks, Euro-Stocks, etc. Just ...

The similarity system

LOL.... trading with the trend is the first! I think that we have incorporated "similarity" and TZ into our own styles so we are able to comfortably describe them without necessarily saying we do it in 3 easy steps. I know you have your nice ...

The similarity system

Good to have you back! Hope the holidays were enjoyable.

Cross Market Analysis

Indeed Josh. You and Ephisi have given precise or focused areas. I tend to be generalist... but we're all in the same ballpark.... and playing the same game (South Ball) so hopefully encouraged others to "think" in the similar angles. We're all for ...

The similarity system

SMOOOOOOVV!

The similarity system

I've not held a position trade for longer than 2 weeks, so I'm really aiming to go for these numbers. I have 1.26 to 1.25 as levels on Weekly and Monthly. How I get there may be a bit turbulent... ie. a few tps to fund more positions etc. But the ...

The similarity system

In at 35,45 and 50. I think it's done there until 2918, where I could cover then add more.

The similarity system

Yeah, just got into work so gonna be the same for me. I'll post when I can. Good luck to everyone this week. Green pips!

The similarity system

There you go! 2945 was my entry See the failure on the 15M mid and Cobb on the 5M?

The similarity system

Hahaha yes. It's my daily Train Trade.Gonna try and hold these bad boys for deep 1.28

The similarity system

Hello Eph.Good to have you back. Yes, Pipping Machine is oiled and rolling steadily

The similarity system

Short again at 2945. Will add more if higher to max 60 Will add more on break lowerof 18

The similarity system

Failure is assign of weakness. It is up to you to define trigger to sell or buy. Weakness is a signal to say there is an opportunity. Trigger says you know what the RISK is and what your expected reward is....they are 2 different things. if it ...

The similarity system