D4 chart
I don't predict. I try to react.
- Joined Jun 2011 | Status: Member | 9,059 Posts
D4 chart3891760 H8 chart {image} If anyone is interested in reproducing custom charts on MT4 I attach the indicator (allow the ddl. And it works as an online chart). {file} I use a simple Shaff indicator. For more explanation read here. {image} If anyone is interested I attach the indicator for MT4. It is just a tool but I find it interesting. {file} Thank You Dave for your explanation.
Thanks for posting the GBPUSD chart with the indicators displayed over a rather long time interval.
The markets are speaking to you. Do you know their language? I M T
- Joined Jun 2011 | Status: Member | 9,059 Posts
{quote} 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. {image}
While waiting for the confirmation of the end of the H8 rally, smaller TFs can be examined for sell opportunities. About noon GMT, it was clear that M30 had entered a downtrend. Aggressive IMT traders could enter at the open of the bar at left-most gold Vline. As can be seen, this likely would not have achieved the TP of the aggressive trader before a swing low, and floating drawdown ensued.
The conservative IMT trader waited until the rally ended and then made sell entries during the bar with the right-most gold Vline either using smaller TFs or a pending order below the gold Hline, easily reaching the 10 pip TP.
The markets are speaking to you. Do you know their language? I M T
- Joined Jun 2011 | Status: Member | 9,059 Posts
Almost the same trade idea. +33 pips waiting for tomorrow ... {image} {image}
Yes. As I have said many times, there are many indicators that can be tweaked to show essentially the same information.
IMT_MACD vs TDI
The markets are speaking to you. Do you know their language? I M T
- Joined Jun 2011 | Status: Member | 9,059 Posts
Scalp during the news ... sometimes go ok sometimes no. The important thing is to have a good internet connection ...
In this case before the news, the H8 was already confirmed as beginning an uptrend with lower TFs cycling down and back up. H2 had enough cycles in its swing down to be able to end and begin a rally. So when the new reaction hit, this rally became an impulse that cut short these lower TF downtrends, preventing the H4/H8 from ending the up swing.
The markets are speaking to you. Do you know their language? I M T
- Joined Jun 2011 | Status: Member | 9,059 Posts
The markets are speaking to you. Do you know their language? I M T
- Joined Jun 2011 | Status: Member | 9,059 Posts
{quote} in H2 it would seem to lose strength. That is expected, because the H4 is overdue to drop. And change comes from the bottom up ...
Is that the drop expected from 7 hours ago?
The markets are speaking to you. Do you know their language? I M T
Hy Dave.
I attach my personal analisys on GU.
I don't know if you agree.
H4 no much informations. Range market. No structur was broken. Consolidation and waiting for drop. Why ? ... D1 give the answer
D1 Tdi broken key level waiting the price go south 1.32/1.33. time will tell.
I attach my personal analisys on GU.
I don't know if you agree.
H4 no much informations. Range market. No structur was broken. Consolidation and waiting for drop. Why ? ... D1 give the answer
D1 Tdi broken key level waiting the price go south 1.32/1.33. time will tell.
I don't predict. I try to react.
- Joined Jun 2011 | Status: Member | 9,059 Posts
The power of Intrinsic Market Timing
With a Top Down Analysis with IMT, we can produce EXPECTED behavior to use to aid trading decisions during the week.
Some people have a belief in a Weekly Control Candle, or Weekly pivot levels, of Fibonacci retracements, or, or, or ... All you need is
a LAGGING indicator and TDA with IMT to find trading success.
From before the market open last week,
It is clear on the D1 TF that the EXPECTED down moves at the start of the week would end--which they did on Tuesday--leading to the H8 up continuation, which ended on Thursday.
With a Top Down Analysis with IMT, we can produce EXPECTED behavior to use to aid trading decisions during the week.
Some people have a belief in a Weekly Control Candle, or Weekly pivot levels, of Fibonacci retracements, or, or, or ... All you need is
a LAGGING indicator and TDA with IMT to find trading success.
From before the market open last week,
GBPUSD For Week11 of 2021 As the week progresses, the down moves should end and will look for smaller TFs to go into uptrends to begin H8 continuation up.
It is clear on the D1 TF that the EXPECTED down moves at the start of the week would end--which they did on Tuesday--leading to the H8 up continuation, which ended on Thursday.
The markets are speaking to you. Do you know their language? I M T
- Joined Jun 2011 | Status: Member | 9,059 Posts
The power of Intrinsic Market Timing With a Top Down Analysis with IMT, we can produce EXPECTED behavior to use to aid trading decisions during the week. Some people have a belief in a Weekly Control Candle, or Weekly pivot levels, of Fibonacci retracements, or, or, or ... All you need is a LAGGING indicator and TDA with IMT to find trading success. From before the market open last week, {quote} It is clear on the D1 TF that the EXPECTED down moves at the start of the week would end--which they did on Tuesday--leading to the H8 up continuation,...
The markets are speaking to you. Do you know their language? I M T
- Joined Jun 2011 | Status: Member | 9,059 Posts
The markets are speaking to you. Do you know their language? I M T
- Joined Jun 2011 | Status: Member | 9,059 Posts
GBPUSD For WEEK12 of 2021 at the start of the week, will be checking M15-H1 to see if uptrends begin or if price falls further. There is still a bit of room to continue down without breaking the potential M15 uptrend that is underway. The up moves will be treated as rallies with the subsequent down continuations examined for selling opportunities.
Today, price bottomed and the up swing has now confirmed H2 rally.
The markets are speaking to you. Do you know their language? I M T
- Joined Jun 2011 | Status: Member | 9,059 Posts
A new IMT trader asked why this sell was valid on the M15. Because "time is up". That is, cycles have completed the uptrend, and it is "time" for a reversal.
Although the reversal APPEARED to get underway, and we were able to tune the entry to the continuation on M5, the subsequent upswing proved that this down swing was not the start of the reversal, but just another pullback with an EXTENSION to the up trend.
We have EXPECTATIONS based on "normal" behavior but FOLLOW the path on the appropriate TF to look for trade opportunities. Being wrong about the swing down being the start of the reversal caused no harm; we simply followed the down swing to an appropriate continuation entry.
Note that the reversal came on the next down swing and a probable rally currently underway.
Although the reversal APPEARED to get underway, and we were able to tune the entry to the continuation on M5, the subsequent upswing proved that this down swing was not the start of the reversal, but just another pullback with an EXTENSION to the up trend.
We have EXPECTATIONS based on "normal" behavior but FOLLOW the path on the appropriate TF to look for trade opportunities. Being wrong about the swing down being the start of the reversal caused no harm; we simply followed the down swing to an appropriate continuation entry.
Note that the reversal came on the next down swing and a probable rally currently underway.
The markets are speaking to you. Do you know their language? I M T
- Joined Jun 2011 | Status: Member | 9,059 Posts
GBPUSD current focus TF is H4 that is in a rally. Lower TFs have sufficient volatility to look for counter-trend BUY opportunities.
When the rally completes, trend continuation sells will be in order.
When the rally completes, trend continuation sells will be in order.
The markets are speaking to you. Do you know their language? I M T
- Joined Jun 2011 | Status: Member | 9,059 Posts
GBPUSD current focus TF is H4 that is in a rally. Lower TFs have sufficient volatility to look for counter-trend BUY opportunities. When the rally completes, trend continuation sells will be in order. {image}
Although H8 made an ATTEMPT to join the rally, it was extremely weak and easily collapsed as H4 turned back down.
With IMT, it's really a no-brainer to determine when the retracement has likely ended.
The markets are speaking to you. Do you know their language? I M T