Well explained.

The similarity system

Thank you.

The similarity system

Nubee, baillie and madmoney please clarify this: I highlighted the area where the lines are different on the chart. EURUSDD said to trade with the expectation that the lines are going to be similar and price leads so we go short. The other ...

The similarity system

Thank you, EURUSDD

The similarity system

Great call, Orabi. Do you have the .xls for the eurusd prediction?

Numerical analysis

EURUSDD, Is there anything that helps you in spotting set-ups other than staring at the chart all day?

The similarity system

image

The similarity system

I'm trying to spot as many set-ups as possible. If you do the same, then entry will be pretty obvious. The lines of the bband should act as support and resistance areas, then look to price action for entry.

The similarity system

I agree with you. I wonder how you came up with this strategy, but it is a good one. The extent a currency pair will move is hard to tell but you're almost certain to get something. Please don't go.

The similarity system

Price is the master. It tells stoch "move in my direction cos i'm the master, the leading indicator". BUT stoch is sometimes forgetful or ambitious and will want to act as a leading indicator, then it tries to play catch up. The set-ups are visible ...

The similarity system

...or you don't understand the system.

The similarity system

another set-up on gbpusd....

The similarity system

image Here, stoch penetrated the middle bband and has to play catch up because price didn't penetrate the middle band of the bband on the main window.

The similarity system

@MADMONEY. How you manage to find that many set-ups. This system seems like fishing in high temperatures, but it's worth it when you find one cause it seems you're most likely going to make money. You're basically waiting on the stoch to 'goof', ...

The similarity system

one 15 min candle matching the range for the whole day!!. Mebbe something from Twitter caused this move.

EURUSD

Not a lot difference between gambling and forex. Look up how to be a successful gambler and you'll think you're reading a book or article on forex trading because it teaches the same principles: adequate bankroll, Money management, loss limit, ...

Need luck or skill for trading?

Gotcha!

Numerical analysis

I was going to ask you the function of the h1 column and the values in the B, c and D columns on the excel sheet.

Numerical analysis

Thank you, Orabi. Should we wait until next week for the instructions on how to trade the 'simple' system or you are going to start before next week, cos i already have some questions.

Numerical analysis