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TMS for M30 charts

  • #17,481
  • Feb 8, 2018 8:10am Feb 8, 2018 8:10am
Quoting lddd
{quote} You mean H1 134 EMA ? Because current price there is running into this area and not away from it?
No he meant the 200 ema on the H4 chart.
Success means going from failure to failure without loss of enthusiasm
  • #17,482
  • Edited 8:30am Feb 8, 2018 8:14am | Edited 8:30am
Quoting lisat
{quote}No he meant the 200 ema on the H4 chart.
Hey. Got the 200 ema now. Yeah its far above price on the H4 as well as on the M30 for the EUR/CHF at time i was thinking about going short.

From what i know going short if price is below the 200 ema, going long if price is above it, correct?

So in case as price used to be below for the possible signal mentioned earlier, that would be a valid short signal?
  • #17,483
  • Feb 8, 2018 8:18am Feb 8, 2018 8:18am
What about this USD/CAD chart. TDI crossed at 12:30 but then went a bit higher before going down. Its actually a strong down trend or? Everything is coming down from the TDI 68 level. Overbought condition, right?
Attached Image (click to enlarge)
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  • #17,484
  • Feb 8, 2018 8:26am Feb 8, 2018 8:26am
Quoting lddd
What about this USD/CAD chart. TDI crossed at 12:30 but then went a bit higher before going down. Its actually a strong down trend or? Everything is coming down from the TDI 68 level. Overbought condition, right? {image}


Babypips School of Pipsology
  • #17,485
  • Feb 8, 2018 9:31am Feb 8, 2018 9:31am
Quoting lddd
What about this USD/CAD chart. TDI crossed at 12:30 but then went a bit higher before going down. Its actually a strong down trend or? Everything is coming down from the TDI 68 level. Overbought condition, right? {image}
As I said earlier, you would look for a lower low first, then either a lower high or if not a lower high look for divergence, so when the tdi crossed it was still showing strongly in an uptrend. Above 68 shows a strong uptrend and you would not sell until it had dropped out of there.
Success means going from failure to failure without loss of enthusiasm
  • #17,486
  • Feb 8, 2018 9:45am Feb 8, 2018 9:45am
Quoting lddd
{quote} You mean the the line highlighted on this H4 screen to the mouse hover? Whats up with it? {image}
Look at my chart..price tested the 200 ema and bounced from there..price is now trapped between the 10 and 200 ema...no trade for me until I see something different..just my take on this pair
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #17,487
  • Feb 8, 2018 9:52am Feb 8, 2018 9:52am
price came down and tested the recent swing low but there was no close below this level..this should alert you if you are thinking of short...the rejection was a good signal to go long instead
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #17,488
  • Feb 8, 2018 10:43am Feb 8, 2018 10:43am
Quoting lddd
{quote} Hey. Got the 200 ema now. Yeah its far above price on the H4 as well as on the M30 for the EUR/CHF at time i was thinking about going short. From what i know going short if price is below the 200 ema, going long if price is above it, correct? So in case as price used to be below for the possible signal mentioned earlier, that would be a valid short signal?
You really must get the charts posted of the one you're talking about or we will all get confused. Pips29 was answering your post because you were talking about Eur/usd not eur/chf
Success means going from failure to failure without loss of enthusiasm
  • #17,489
  • Feb 8, 2018 2:51pm Feb 8, 2018 2:51pm
A few general comprehension questions on this example EUR/GBP M30 chart screenshot.

For a BUY Signal GREEN/RED should be above the MBL (Yellow line) i was reading from the rules by Dean Malone regarding the TDI.

So in this example the first TDI Cross (marked as TDI Cross 1 on this screenshot) is not a valid trade entry for going long ?

Secondly, the Cross number 2 (marked as TDI Cross 2 on this screenshot) i currently noticed by the TDI Alert is far to high/near to 68 for a possible long trade or am i get this wrong?

Attached Image (click to enlarge)
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  • #17,490
  • Feb 8, 2018 3:23pm Feb 8, 2018 3:23pm
Quoting lisat
{quote}You really must get the charts posted of the one you're talking about or we will all get confused. Pips29 was answering your post because you were talking about Eur/usd not eur/chf
Sorry. thanks for your kind words. I will give my best
  • #17,491
  • Edited 3:45pm Feb 8, 2018 3:29pm | Edited 3:45pm
Quoting pips29
price came down and tested the recent swing low but there was no close below this level..this should alert you if you are thinking of short...the rejection was a good signal to go long instead {image}
thanks @Pips. We were talking about EUR/USD, and yes for that one about EMA 200. Agree. And the trade i took was this one on EUR/CHF M30 (posting some H4 Chart for it below). So for EUR/USD = NO, EUR/CHF was ok?

Attached Image (click to enlarge)
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  • #17,492
  • Feb 9, 2018 2:07am Feb 9, 2018 2:07am
Quoting lddd
A few general comprehension questions on this example EUR/GBP M30 chart screenshot. For a BUY Signal GREEN/RED should be above the MBL (Yellow line) i was reading from the rules by Dean Malone regarding the TDI. So in this example the first TDI Cross (marked as TDI Cross 1 on this screenshot) is not a valid trade entry for going long ? Secondly, the Cross number 2 (marked as TDI Cross 2 on this screenshot) i currently noticed by the TDI Alert is far to high/near to 68 for a possible long trade or am i get this wrong? {image}
Firstly, we don't trade according to those rules, this is Likica's threads and you should be looking at her examples to take trades and secondly you can't grab every pip in every move, the idea is to take the trades with the strongest possibility of working and not failing.

The long cross on EG trade would not have been valid for these reasons:
1. The tdi is still below 32
2. price is still making lower lows and lower highs
All this had in its favour was the location and we know how often those can fail.

The short cross would not have been valid for these reasons:
1. The price is still making higher highs and higher lows
2. The synergy bar was green
Its not too high as it is still below 68.
Success means going from failure to failure without loss of enthusiasm
  • #17,493
  • Feb 9, 2018 2:28am Feb 9, 2018 2:28am
Quoting lisat
{quote}Firstly, we don't trade according to those rules, this is Likica's threads and you should be looking at her examples to take trades and secondly you can't grab every pip in every move, the idea is to take the trades with the strongest possibility of working and not failing. The long cross on EG trade would not have been valid for these reasons: 1. The tdi is still below 32 2. price is still making lower lows and lower highs All this had in its favour was the location and we know how often those can fail. The short cross would not have been...
thanks a lot.
  • #17,494
  • Feb 9, 2018 3:31am Feb 9, 2018 3:31am
Quoting lisat
{quote}the idea is to take the trades with the strongest possibility of working and not failing.
Makes sense!

But how to sort out whats "strong possibility" and what not. There are dozens of TDI crosses compared to all pairs in a running EU market session on M30 timeframe.

Don't get me wrong, being selective and patient with picking possible the best signals sounds straight forward. But not sure how this should be realized under real live conditions. Looking back on historical price movements and identifying these "strongest possibilities" is quiet easy as timing isn't important at all.

So tell me about these "strongest possibility" trades you traded this week? How many pairs do you watch. Do you make any preparation before london open? (This would actually mean to me waking up where i still would like to sleep for 1-2 hours). So with no preparation start following up since monday lo - now friday, i took 3 trades. 2 closed in loss, 1 in profit with luck because news was hitting in. Now thats not what i would call a good percentage, overall i am in loss now.

So only 3 Trades in one week on M30 is quiet picky and selective i believe. Most of the times i was waiting, waiting, waiting, watching charts and trying to analyse things, with the only help of the Synergy TDI Cross Alert.

The TDI Cross Alerts, in 90% notifying me about TDI crosses happened in the past! (Price already moved 2-3 candles away since cross alert). So no really good help as well here.

So this is really not as "trading made simple" as it might sounds to be hm? With so many TDI crosses on so many pairs where you still have to sort out whats good and whats weak (all manually by analyzing charts and even different timeframes like the H1, H4)

How do you all manage this and still being quick/fast enough to enter a signal on time. Maybe only watching 1 currency pair? How many "strong possibility" setups on just 1 pair to expect during a weak?

All this information is really most important to become profitable here i think. I can't find much likica saying here. Just finding charts with possible signals (do not help on these questions)
  • #17,495
  • Feb 9, 2018 3:52am Feb 9, 2018 3:52am
hello lisat

what do you think of this eur/aud trade.

good or bad?

double top
trendline break
h4 tdi stepping down
last h4 bar doji
Attached Image (click to enlarge)
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  • #17,496
  • Feb 9, 2018 4:02am Feb 9, 2018 4:02am
Quoting kain775
hello lisat what do you think of this eur/aud trade. good or bad? double top trendline break h4 tdi stepping down last h4 bar doji {image}
the trend is still bullish on htf..monitor well..if we get a close below 1.5725 on H1 there might be further room down to 1.5670
the cautious seldom err....C
  • #17,497
  • Feb 9, 2018 4:09am Feb 9, 2018 4:09am
Quoting pips29
{quote} the trend is still bullish on htf..monitor well..if we get a close below 1.5725 on H1 there might be further room down to 1.5670


hi, thanks for the feedback

although my trade was meant to be counter trend...
  • #17,498
  • Feb 9, 2018 4:15am Feb 9, 2018 4:15am
Quoting lddd
{quote} Makes sense! But how to sort out whats "strong possibility" and what not. There are dozens of TDI crosses compared to all pairs in a running EU market session on M30 timeframe. Don't get me wrong, being selective and patient with picking possible the best signals sounds straight forward. But not sure how this should be realized under real live conditions. Looking back on historical price movements and identifying these "strongest possibilities" is quiet easy as timing isn't important at all. So tell me about these "strongest possibility"...
There have been lots of trades this week, I watch 8 pairs, but you can't expect to just go by the alerts. The pro tdi alert especially is usually 1 bar too late I find, that's why Likica doesn't have that alert on her template. I do have the h4 tdi on my charts to get an idea of what the h4 is up to, so for instance if I think something looks good I just have to look at the m30 chart to see what h4 is up to as well. Taking trades with HH/HL's is better when you are new to trading as it is "safer". However, I take more notice of h4 than anything else along with the h4 tdi.

For example this morning there was a trade on EA and GA, which both broke through a trendline I had drawn, I glanced at the h4 tdi and it was starting to come down so looked at the H4 chart and on EA there was a double top and the last closed h4 bar looked like price could turn around so I took the trade on m30 after it closed through the trendline. On GA there was a doji on h4 as the last closed bar so price "could" turn. I usually look for 50 pips but in the case of GA more like 100 as it has a high ATR and the next support down is the h1 62ema which is roughly 100 pips down. It has now reached R38% so have moved the sl to +50 just in case it bounces there.
Success means going from failure to failure without loss of enthusiasm
  • #17,499
  • Feb 9, 2018 4:16am Feb 9, 2018 4:16am
Quoting kain775
hello lisat what do you think of this eur/aud trade. good or bad? double top trendline break h4 tdi stepping down last h4 bar doji {image}
Snap, I just posted I did exactly the same trade along with GA and as pips29 says will monitor closely, I have moved to BE already it may come back up to test the trendline.
Success means going from failure to failure without loss of enthusiasm
  • #17,500
  • Feb 9, 2018 4:27am Feb 9, 2018 4:27am
Quoting lisat
{quote} Snap, I just posted I did exactly the same trade along with GA and as pips29 says will monitor closely, I have moved to BE already it may come back up to test the trendline.
ah ok thanks.
so it looks like I at least got the price action right


I see you mention ema's like the 64 h1 ema, and i think you mentioned the 124 ema m30 as well at somepoint?

how exactly are you using these ema's to trade.

short when price closes through the ema?
short when there is a lot of pips between current price and ema?

I am somewhat confused about how these ema's help you.
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