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TDA with IMT

Hallo Dave, I am following your thread and find it very interesting. I would like to learn more about your analysis, do you have time to explain a bit or do you have any thread to suggest or document where I can find something about it? If I google it I didn't find appropriate material.....
Many thanks, Puma
Quoting DrDave
Some thoughts on GBPUSD
Direction bias: long term, down. However, this down trend has been in effect for many months and is due to reverse. Short term up with caution.
Control: MN1
Action: H4 and below.

With the recent extreme moves, some cycles are not clearly defined. With the D1 down swing due to end, the subsequent upswing must be monitored to see if it is a mere rally (option B), or if it develops into an extended continuation up (option A).
M5 appears to be starting up to work on cycling to take D1 up. Whether we see A or B develop on D1,...
Did the above information help you to prepare your Monday trade plan to look for buying opportunities on timeframes below D1? Many pips were available for harvesting.

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The markets are speaking to you. Do you know their language? I M T
  • Post #63
  • Quote
  • Edited 3:00am Nov 7, 2019 12:50am | Edited 3:00am
There you go again - it will work out in the end. Though for now it seems like up on H4 (wrong TF you will immediately say).
I've been there too because it does that a lot:
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Now - theoretically - this could really hurt if price keeps going...
Naw - it's all part of the plan. Figured it out. If you only knew... Drawdown like this really means nothing for those who can see the big picture...
Everybody was banking on down - so we get an upward spike. Shorts have to cover their losses etc.
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If only it were so clear.
My chart tells a totally different story.
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GBPUSD

H2 has now crossed down, opening the gate to enable H4 to cross down.

If H4 crosses down today, look for smaller charts to rally for selling the down continuations. This down bias is trying to bring down D1.
The markets are speaking to you. Do you know their language? I M T
Quoting DrDave
GBPUSD H2 has now crossed down, opening the gate to enable H4 to cross down. If H4 crosses down today, look for smaller charts to rally for selling the down continuations. This down bias is trying to bring down D1.
The H32 has been on a rally this week. Lower time frames have made pullbacks and continuations up, but now are making down cycles to try to bring the H32 into its continuation down.
The markets are speaking to you. Do you know their language? I M T
Does gbpjpy follow suit. I think if this week on H4 gbpusd is down, so should gbpjpy having a high positive correlation. Regards
Quoting goodways100
Does gbpjpy follow suit. I think if this week on H4 gbpusd is down, so should gbpjpy having a high positive correlation. Regards
Yes, GBPJPY and GBPUSD have very well correlated movement currently at these higher timeframes.
The markets are speaking to you. Do you know their language? I M T
  • Post #70
  • Quote
  • Edited 4:35am Nov 25, 2019 4:20am | Edited 4:35am
Quoting DrDave
{quote} The H32 has been on a rally this week. Lower time frames have made pullbacks and continuations up, but now are making down cycles to try to bring the H32 into its continuation down.
To me it looks as if Momentum is rock bottom and price is much more likely to change into upward Momentum soon - at least for a while (at least on H16) ...
Nevertheless, H1 should be coming into a zone soon
MMO somewhat strange at the moment (news related)
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Quoting josi
{quote} To me it looks as if Momentum is rock bottom and price is much more likely to change into upward Momentum soon - at least for a while (at least on H16) ... Nevertheless, H1 should be coming into a zone soon MMO somewhat strange at the moment (news related) {image}
Yes. Indicators show H16 confirmed down 22 November. Therefore, watch for lower charts to rally, then make down continuations. Because the H16 is a rather large time frame, rallies on time frames such as H2 and H4 can actually be rather large moves in price and buyable. This is seen today with the H1 cycling up, pushing up the H4 and H8.
The markets are speaking to you. Do you know their language? I M T
still looks up to me - there is resistance, though
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And after that there is more resistance but still: up on all TFs
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how is that for internal cycling?
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see what I mean with leg1, leg2, leg3
almost perfect MMO - to me that means - leg2 is simply ditorted price action wise because it had to overcome strong re
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leg1
leg2
leg3?
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Quoting josi
leg1 leg2 leg3? {image}
Yes, but you did not look at m30 as well (or maybe you don't know that you SHOULD be looking at m30) before deciding to sell.
The markets are speaking to you. Do you know their language? I M T
  • Post #78
  • Quote
  • Edited 9:59am Dec 6, 2019 9:05am | Edited 9:59am
The markets are speaking to you. Do you know their language?
IMT Pips This Week: -568

well, do you?
PS:
I only quoted parts of your own post.
Best not only to dislike but to block me altogether.

”You! hypocrite lecteur!—mon semblable,—mon frère”: Baudelaire’s Preface to Fleurs du Mal
GBPUSD
Wondering what's going on with GBPUSD today? It just the usual cycling through the timeframes.

Recently (first week of May), the M4096 went down. That is a rather large timeframe, so a lot of cycling will occur on very small timeframes as the rallies and down continuations percolate up through the timeframes.

Only 2 days after the M4096 was confirmed down, the M1024 was already making the rally, which has not yet ended. However, M512 has turned down for its continuation, and if price continues lower, M1024 will also come down.

For price to "continue lower" to bring down M1024, we will see up moves: Up moves that are for the money takers to get into a better position to be more profitable in the down move. So we can say that the up moves are are being made just to come down.

You can see on the image during the up move that there were pullbacks that were tradable on smaller timeframes. When pullbacks occur on large timeframes, they often appear to be tradable uptrends on smaller timeframes. This is why looking at ALL of the timeframes gives you more information about how you want to enter and manage your trades.

If you are a trader that says, "I follow the direction of the daily!", or "I follow the direction of the H4", or "I follow the direction of the H4 and the daily when they agree", perhaps looking at more timeframes will give you additional information for better trade decisions.

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The markets are speaking to you. Do you know their language? I M T
GBPUSD follow up.

Cycling on the way up took the M256 up, but then the down moves kicked in and all the way up tp M128 came down for a sell continuation. Note that this has likely ended the M1024 rally as well, but it is not yet confirmed.

From the image in post #79, we see that the up moves needed to bring M1024 down were already essentially finished and that last open bar that was an up bar finally closed as a down bar.

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The markets are speaking to you. Do you know their language? I M T
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