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Attachments: TDA with IMT
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TDA with IMT

Quoting PixelSniper
{quote} POST #1 Ok DrDave. Tomorrow I will be conquering this with a fresh mind. Actually I think I get it, you wanna do mini counter-trend trades that are against the ACTUAL/MAIN trend. For example if the D1,H16,H8,H4 are UP but you see some down movements on the lower TF's that means you are looking for a buy,I Guess.
LOL
First, you say "want to do mini counter-trend trades that are against the main trend".

Then you give an example with an up trend. That would mean selling, because selling is counter-trend. But instead of that, you said "you are looking for a buy". LOL

And by the way, one of the beautiful features of IMT is that you can use the same rules to do counter-trend trades. So, you can trade "coming and going" or "back to back", so to speak.
The markets are speaking to you. Do you know their language? I M T
Quoting DrDave
{quote} LOL First, you say "want to do mini counter-trend trades that are against the main trend". Then you give an example with an up trend. That would mean selling, because selling is counter-trend. But instead of that, you said "you are looking for a buy". LOL And by the way, one of the beautiful features of IMT is that you can use the same rules to do counter-trend trades. So, you can trade "coming and going" or "back to back", so to speak.
Yes there was a little bit of confusion I ment you would counter trade lower timeframes in order to match with the higher TF direction Focus/Control

So we can trade ''coming and going'' okay.
That would be a true market maker technique in my opinion,which is nice.I always go contrary so yeah it fits me somewhat..
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GBPUSD
For week 5 of 2021
The bigger picture
No change from the bigger picture from post #125, so simply repeated it below.

Because we are in a rather long-term down move via the Year2+ turning down with rallies still due on MN8 and higher TFs, there is an expectation for the current up swing seen on MN1 to end soon (likely within 1-3 months) followed by a pullback of 5-8 months that is likely to reach around 1.26, but with the behavior of recent swings, could reach to about 1.2. Then a subsequent up swing to the 1.35 to 1.45 area.

For day trading
Currently looking at a down bias. However, smaller TFs are due and overdue to swing up. M1 made an attempt to bring an up trend but failed.

Expect action on TFs below H1 with M1 needing to produce an uptrend to get the higher TFs to turn up. Friday's end with a strong up swing followed by strong down swing on M1 indicates that the week will start with no direction bias: Must simply follow the action to see where M1/M5 takes us. Until M1 commits to an uptrend, a slight down bias will be in place.

Although there were attempts to bring down D1 that went as far as H16, D1 remains up.

H8 has attempted a down trend, but if the current down swing on H4 fails to continue far enough, H8 will remain up.

M5 through H1 are overdue to swing up.

M1 made an attempt to start an uptrend, but the retracement went too far down. Now will begin the week
monitoring M1 to find which direction it will go.
The markets are speaking to you. Do you know their language? I M T
Quoting DrDave
GBPUSD For week 5 of 2021 The bigger picture No change from the bigger picture from post #125, so simply repeated it below. Because we are in a rather long-term down move via the Year2+ turning down with rallies still due on MN8 and higher TFs, there is an expectation for the current up swing seen on MN1 to end soon (likely within 1-3 months) followed by a pullback of 5-8 months that is likely to reach around 1.26, but with the behavior of recent swings, could reach to about 1.2. Then a subsequent up swing to the 1.35 to 1.45 area. For day trading...
Currently looking at a down bias. However, smaller TFs are due and overdue to swing up. M1 made an attempt to bring an up trend but failed.

Expect action on TFs below H1 with M1 needing to produce an uptrend to get the higher TFs to turn up.

Sunday, price continued down a bit more, but on Monday, a push up began early and the move continued through the H4 TF with only small retracements on the smaller TFs for buy continuations. So the overdue up move was so strong that action continued even beyond H1.

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The markets are speaking to you. Do you know their language? I M T
As mentioned at the start of the week, was looking at smaller TFs to move up to get larger TFs turned up so that they can fall, working on bringing down MN1. D1 has turned up, but has been resistant to continuing down and instead, cycles up and down. Currently, H8 is making another attempt to bring the D1 down, as can be seen with the H4.

The 2 white dashed Vlines mark the midnight start of my broker's day for February 1 and 2.

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The markets are speaking to you. Do you know their language? I M T
GBPUSD
For week 6 of 2021
The bigger picture
No change from the bigger picture from post #125, so simply repeated it below.

Because we are in a rather long-term down move via the Year2+ turning down with rallies still due on MN8 and higher TFs, there is an expectation for the current up swing seen on MN1 to end soon (likely within 1-3 months) followed by a pullback of 5-8 months that is likely to reach around 1.26, but with the behavior of recent swings, could reach to about 1.2. Then a subsequent up swing to the 1.35 to 1.45 area.

For day trading
Direction bias: down
Control: H8
Action: M15 through H4

W1 overdue to drop.

D1 Made another down swing in week 5, attempting to begin down trend. Friday ended with a lower high, but as can be seen in the previous D1 price action, the up move may once again simply continue higher rather than being a mere rally.

H4 overdue to drop.

H1 overdue to drop.

M30/M15 both closed with down bars, indicating the drop of H1 is likely underway.

M5 supports a down trend likely underway with equal highs and a very wide range down bar at Friday's close.

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The markets are speaking to you. Do you know their language? I M T
  • Post #147
  • Quote
  • Edited Feb 15, 2021 4:24am Feb 14, 2021 3:53pm | Edited Feb 15, 2021 4:24am
GBPUSD
For week 7 0f 2021

The bigger picture
No change from the bigger picture from post #125, so simply repeated it below.
Because we are in a rather long-term down move via the Year2+ turning down with rallies still due on MN8 and higher TFs, there is an expectation for the current up swing seen on MN1 to end soon (likely within 1-3 months) followed by a pullback of 5-8 months that is likely to reach around 1.26, but with the behavior of recent swings, could reach to about 1.2. Then a subsequent up swing to the 1.35 to 1.45 area.

For day trading
Direction bias: down
Control: H8
Action: M15 through H4

W1 Continued up and very overdue to drop.

D1/D2 The rally that begin week 6 went too far up and became a trend continuation to new highs. It is now due to drop

H8 Made a downswing, attempting to bring down overdue larger TFs. The subsequent upswing is thus far treated as a rally, not an up continuation.

H4 overdue to drop.

H1 overdue to drop has made a swing high and small down bars.

M30/M15 both closed with down bars and M15 now in a confirmed down trend, indicating the drop of H1 is likely underway.

M5 supports a down trend likely underway. when the markets open, will be watching to see if it continues further down to support the M15 drop.
The markets are speaking to you. Do you know their language? I M T
  • Post #148
  • Quote
  • Edited Feb 22, 2021 2:44am Feb 21, 2021 3:33pm | Edited Feb 22, 2021 2:44am
GBPUSD
For Week 8 of 2021

The bigger picture
No change from the bigger picture from post #125, so simply repeated it below.
Because we are in a rather long-term down move via the Year2+ turning down with rallies still due on MN8 and higher TFs, there is an expectation for the current up swing seen on MN1 to end soon (likely within 1-3 months) followed by a pullback of 5-8 months that is likely to reach around 1.26, but with the behavior of recent swings, could reach to about 1.2. Then a subsequent up swing to the 1.35 to 1.45 area.

Here is a look at the bigger picture.
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For day trading
Direction bias: down
Control: H8
Action: M1 through H4

Because we are still surfing the MN4 rally, every down swing on D1 is initially evaluated as an attempt to begin a down trend. There have been about a dozen attempts over the last 5 months that have continued only through the D2 TF, placing the D1 in an extremely overdue condition to fall.

H4 was overdue on Friday to fall, and began a swing down before the close of the market.

Watch H1 at the beginning of the week for a rally followed by a down continuation.

No signs of a rally starting at the end of last week, so this week will start with focus on M1 TF.
The markets are speaking to you. Do you know their language? I M T
Due to some FF drama and politics, I was unable to post this until today.
GBPUSD
For Week9 of 2021

The bigger picture
No change from the bigger picture from post #125, so simply repeated it below.

Because we are in a rather long-term down move via the Year2+ turning down with rallies still due on MN8 and higher TFs, there is an expectation for the current up swing seen on MN1 to end soon (likely within 1-3 months) followed by a pullback of 5-8 months that is likely to reach around 1.26, but with the behavior of recent swings, could reach to about 1.2. Then a subsequent up swing to the 1.35 to 1.45 area.
We are still surfing the MN4 rally that is taking price back up to where it was 3 years ago.

For day trading
Direction bias: down
Control: D1
Action: M1 through H8

W1 is overdue to fall.
D1 has ended the week and month with yet another attempt to begin to bring down W1, presenting a scenario as similar to last week.
H4 was overdue to fall, and dropped approximately 200 pips. A rally has just started.
H1 will be monitored for indications of going into an uptrend. Because there are no signs yet of the current down move ending, it is likely to continue a bit further (~1.39) followed by an up swing that could go about 70 pips. If this scenario unfolds approximately as expected, then H4 will complete a rally and move into a down continuation.

TFs below H1 will be monitored at the market open for signs that the down move has completed.
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The down move was indeed complete and H4 made an upswing of nearly 100 pips, followed by a down swing of more than 100 pips.
The markets are speaking to you. Do you know their language? I M T
GBPUSD
For Week10 of 2021

The bigger picture
No change from the bigger picture from post #125, so simply repeated it below.

Because we are in a rather long-term down move via the Year2+ turning down with rallies still due on MN8 and higher TFs, there is an expectation for the current up swing seen on MN1 to end soon (likely within 1-3 months) followed by a pullback of 5-8 months that is likely to reach around 1.26, but with the behavior of recent swings, could reach to about 1.2. Then a subsequent up swing to the 1.35 to 1.45 area.

We are we are still surfing the MN4 rally that is taking price back up to where it was 3 years ago.

For day trading
Direction bias: down
Control: D2/H64
Action: M1 through H4

D1 and D2 have made a good swing down and H4 followed though with a definite down trend.
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H12 has already made a rally and continued down, so will begin the week with an expectation that the H12 swing down will end and that H4 will begin a rally, which, of course, requires that smaller TFs go into up trends. Initial indications of the rally starting are seen on H1.
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The markets are speaking to you. Do you know their language? I M T
GBPUSD follow up
Quoting DrDave
H12 has already made a rally and continued down, so will begin the week with an expectation that the H12 swing down will end and that H4 will begin a rally,
On Sunday before the market opened for the week, the expectation was for the H4 to end going down and began a rally. Clearly, the rally was delayed on Monday with ranging around a balance point of 1.3826, but on Tuesday, the rally was underway.
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The smaller TFs, such as H1, made on Monday the required cycles for H4 to move into the up trend, but were too weak to carry the price to higher highs to turn the H4. On Tuesday, the balance point was breached then tested by a pullback, after which price moved up to make higher highs and turn the H4 for the rally.
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Because this is an H4 RALLY, conservative IMT traders are looking for the rally to end to begin selling the down continuation.
The markets are speaking to you. Do you know their language? I M T
Quoting DrDave
GBPUSD follow up {quote} On Sunday before the market opened for the week, the expectation was for the H4 to end going down and began a rally. Clearly, the rally was delayed on Monday with ranging around a balance point of 1.3826, but on Tuesday, the rally was underway. {image} The smaller TFs, such as H1, made on Monday the required cycles for H4 to move into the up trend, but were too weak to carry the price to higher highs to turn the H4. On Tuesday, the balance point was breached then tested by a pullback, after which price moved up to make higher...
Because this is an H4 RALLY, conservative IMT traders are looking for the rally to end to begin selling the down continuation.
And then comes the expected down continuation for the sell. A no-brainer for IMT traders. But other systems keep their trader's view on the H4 or even D1, still looking for those BUYING opportunities when IMT traders have already banked pips with the knowledge that change comes from the bottom up, not from the top down.
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The markets are speaking to you. Do you know their language? I M T
Quoting DrDave
{quote} Because this is an H4 RALLY, conservative IMT traders are looking for the rally to end to begin selling the down continuation. And then comes the expected down continuation for the sell. A no-brainer for IMT traders. But other systems keep their trader's view on the H4 or even D1, still looking for those BUYING opportunities when IMT traders have already banked pips with the knowledge that change comes from the bottom up, not from the top down. {image}
Although the above follow up was H1 with an H4 continuation sell, because H4 was originally as far as the rally had progressed, in reality, the up move continued far enough to reach H16. Therefore, the swing down on H1 that was sold is actually this smaller TF making its contribution to an ensuing H8 and H16 down continuation. This down swing propagated only through the H4, so smaller TFs must make more cycles to bring the H16 continuation down. This could result in price appearing in a consolidating channel as the cycles are worked through.
The markets are speaking to you. Do you know their language? I M T
GBPUSD
For Week11 of 2021


The bigger picture
No change from the bigger picture from post #125, so simply repeated it below.

Because we are in a rather long-term down move via the Year2+ turning down with rallies still due on MN8 and higher TFs, there is an expectation for the current up swing seen on MN1 to end soon (likely within 1-3 months) followed by a pullback of 5-8 months that is likely to reach around 1.26, but with the behavior of recent swings, could reach to about 1.2. Then a subsequent up swing to the 1.35 to 1.45 area.

We are we are still surfing the MN4 rally that is taking price back up to where it was 3 years ago.

For day trading
Direction bias: down
Control: D4
Action: M1 through D1, but especially M15-H2.

To start the week, expecting cycling on a range of TFs as smaller TFs moving further down to position for more buying to continue the H2 rally. When the H2 completes the rally, will look for selling opportunities.

As the week progresses, the down moves should end and will look for smaller TFs to go into uptrends to begin H8 continuation up.
The markets are speaking to you. Do you know their language? I M T
Follow up to:
Quoting DrDave
GBPUSD For Week11 of 2021 The bigger picture No change from the bigger picture from post #125, so simply repeated it below. Because we are in a rather long-term down move via the Year2+ turning down with rallies still due on MN8 and higher TFs, there is an expectation for the current up swing seen on MN1 to end soon (likely within 1-3 months) followed by a pullback of 5-8 months that is likely to reach around 1.26, but with the behavior of recent swings, could reach to about 1.2. Then a subsequent up swing to the 1.35 to 1.45 area. We are we are...
When the H2 completes the rally, will look for selling opportunities.

H2 rally appears to be complete already and the continuation underway.

Will be watching the M30 rally.

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The markets are speaking to you. Do you know their language? I M T
Quoting DrDave
Follow up to: {quote} When the H2 completes the rally, will look for selling opportunities. H2 rally appears to be complete already and the continuation underway. Will be watching the M30 rally. {image}
UPDATE
IMT traders know that when a rally is underway, it can be strong enough to move upwards through 2 or 3 TFs, requiring the dynamic focus to be changed.

The H2 rally continued far enough and long enough to move to the H4. Will be monitoring the H1 for the sell continuation.

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The markets are speaking to you. Do you know their language? I M T
Quoting DrDave
{quote} UPDATE IMT traders know that when a rally is underway, it can be strong enough to move upwards through 2 or 3 TFs, requiring the dynamic focus to be changed. The H2 rally continued far enough and long enough to move to the H4. Will be monitoring the H1 for the sell continuation. {image}
Will be monitoring the H1 for the sell continuation.

Some traders were pondering a possible BUY, speculating that price might break above the swing high. IMT traders knew that it was highly unlikely for further price gains, and were expecting price to drop.

And per the expectation, H1 sell continuation ...
Two entries marked by the white Vlines.

Trading Made Simple with IMT with simple LAGGING indicator. No EAs needed, no candlestick patterns to analyze, no complicated indicators to stress over.
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The markets are speaking to you. Do you know their language? I M T
Hi Dave.
Thanks for the information you post. They are very useful. I would like to ask you where can I find or buy IMT indicator and what do you mean when you say "the timeframe that is in control".
I don't predict. I try to react.
Quoting DrDave
{quote} Will be monitoring the H1 for the sell continuation. Some traders were pondering a possible BUY, speculating that price might break above the swing high. IMT traders knew that it was highly unlikely for further price gains, and were expecting price to drop. And per the expectation, H1 sell continuation ... Two entries marked by the white Vlines. Trading Made Simple with IMT with simple LAGGING indicator. No EAs needed, no candlestick patterns to analyze, no complicated indicators to stress over. {image}
Follow up

Knowing that the D4 is the control TF, we continue with our main bias as down.

The ending of the H4 down continuation also ended the H8 down move. Today's up swing is a rally that has has thus far progressed through the H8.

More aggressive IMT traders may choose to look for buying opportunities on this rally, considering the reasonable ATR, while conservative IMT traders will wait for the rally to end and then look for continuation sell opportunities.

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The markets are speaking to you. Do you know their language? I M T
D4 chartAttachment 3891760
H8 chart
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If anyone is interested in reproducing custom charts on MT4 I attach the indicator (allow the ddl. And it works as an online chart).
Attached File(s)
File Type: ex4 Period_Converter_Opt.ex4   9 KB | 153 downloads

I use a simple Shaff indicator. For more explanation read here.
Attached File(s)
File Type: pdf Introducing the Schaff Trend Cycle-1.pdf   120 KB | 528 downloads

If anyone is interested I attach the indicator for MT4. It is just a tool but I find it interesting.
Attached File(s)
File Type: ex4 Schaff Trend Cycle - adjustable smoothing 1.1.ex4   33 KB | 172 downloads

Thank You Dave for your explanation.
I don't predict. I try to react.
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