The similarity is a fundamental measure from the homology theory in bioinformatics, and the biological sequence can be classified based on it. However, such an approach has not been utilized for electroencephalography (EEG)-based emotion recognition. To this end, the sequence generated by choosing the dominant brain rhythm owning maximum instantaneous power at each 0.2 s timestamp of the EEG signal has been proposed. Then, to recognize emotional arousal and valence, the similarity measures between pairwise sequences have been performed by dynamic time warping (DTW). After evaluations, the sequence that provides the highest accuracy has been obtained. Thus, the representative channel has been found. Besides, the appropriate time segment for emotion recognition has been estimated. Those findings helpfully exclude redundant data for assessing emotion. Results from the DEAP dataset displayed that the classification accuracies between 72%-75% can be realized by applying the single-channel data with a 5 s length, which is impressive when considering fewer data sources as the primary concern. Hence, the proposed idea would open a new way that uses the similarity measures of sequences for EEG-based emotion recognition.