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TMS for M30 charts

  • #17,501
  • Feb 9, 2018 4:36am Feb 9, 2018 4:36am
Quoting kain775
{quote} 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.
I just use it as a place price might bounce from and very often does. I have the 124 ema on m30 because that is the same as the 62 ema on the 1 hr. Price will bounce very often from there, not sure why but it does, so I wouldn't take a short if price was just above that ema or a buy just below.
Success means going from failure to failure without loss of enthusiasm
  • #17,502
  • Feb 9, 2018 5:02am Feb 9, 2018 5:02am
Quoting lisat
{quote}I just use it as a place price might bounce from and very often does. I have the 124 ema on m30 because that is the same as the 62 ema on the 1 hr. Price will bounce very often from there, not sure why but it does, so I wouldn't take a short if price was just above that ema or a buy just below.

ah, interesting


here is a trade from earlier on the usd/jpy

price making hh/hl
purple MA= 124ema
green MA = 200ema

price seems to bounce directly off the 200ema, and around the 124ema ....but as the 124ema was slightly above price i'm guessing you would have passed on this trade.


what warning signs do you look for when monitoring a trade

i'm guessing higher highs/ higher lows in wrong direction, anything else to look out for?
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy124ema.png Size: 34 KB
  • #17,503
  • Feb 9, 2018 5:19am Feb 9, 2018 5:19am
Quoting kain775
{quote} ah, interesting here is a trade from earlier on the usd/jpy price making hh/hl purple MA= 124ema green MA = 200ema price seems to bounce directly off the 200ema, and around the 124ema ....but as the 124ema was slightly above price i'm guessing you would have passed on this trade. what warning signs do you look for when monitoring a trade i'm guessing higher highs/ higher lows in wrong direction, anything else to look out for? {image}
Usually when you get higher highs and higher lows on m30 then the h4 tdi will be also up so I look at that as well. You're right I would not have taken the UJ, I would have had to take an earlier trade on it or not at all. I find price bounces far more from the 124 on m30 than the 200 although at the moment they are pretty close together.

I'm on my phone at the moment so can't add a chart but the GA trade just tp at +100.
Success means going from failure to failure without loss of enthusiasm
  • #17,504
  • Feb 9, 2018 5:26am Feb 9, 2018 5:26am
Quoting lisat
{quote}I do have the h4 tdi on my charts to get an idea of what the h4 is up to
Could you show me what it looks like, also where to find it? thanks. I am now using the 2017 template of likica with just the TMS Angleator on it. Also turned TDI Cross alerts off now as they really tend to be late like you said.

Thanks for all the other nice comments.
  • #17,505
  • Feb 9, 2018 5:28am Feb 9, 2018 5:28am
Quoting lisat
{quote}Usually when you get higher highs and higher lows on m30 then the h4 tdi will be also up so I look at that as well. You're right I would not have taken the UJ, I would have had to take an earlier trade on it or not at all. I find price bounces far more from the 124 on m30 than the 200 although at the moment they are pretty close together. I'm on my phone at the moment so can't add a chart but the GA trade just tp at +100.


yes well done on GA

im looking at EA right now and it's not moving much. In hindsight there was not that much distance for the tdi cross to the ema
  • #17,506
  • Feb 9, 2018 5:30am Feb 9, 2018 5:30am
Quoting lddd
{quote} Could you show me what it looks like, also where to find it? thanks. I am now using the 2017 template of likica with just the TMS Angleator on it. Also turned TDI Cross alerts off now as they really tend to be late like you said. Thanks for all the other nice comments.
If you look at this post of mine: https://www.forexfactory.com/showthr...7#post10537717 it shows the tdi h4 on there as I can't upload anything at the moment being on my phone. I think I may have posted a link to it somewhere also.
Success means going from failure to failure without loss of enthusiasm
  • #17,507
  • Feb 9, 2018 5:32am Feb 9, 2018 5:32am
Quoting kain775
{quote} yes well done on GA im looking at EA right now and it's not moving much. In hindsight there was not that much distance for the tdi cross to the ema
I took the trade on the 11am (GMT +2) candle, so there was roughly 40 pips to it, as I usually look for 50 it was worth a shot and hasn't hit my BE yet.
Success means going from failure to failure without loss of enthusiasm
  • #17,508
  • Feb 9, 2018 5:58am Feb 9, 2018 5:58am
Quoting lisat
{quote}I took the trade on the 11am (GMT +2) candle, so there was roughly 40 pips to it, as I usually look for 50 it was worth a shot and hasn't hit my BE yet.

ah I see

I was one candle later at 11:30am as to me it looked like price had borderline closed on the trendline..

edit: actually, the 11:00am candle did open below the trendline, it was the previous candle that was borderline closing on it..
  • #17,509
  • Feb 9, 2018 6:01am Feb 9, 2018 6:01am
Quoting kain775
{quote} ah I see I was one candle later at 11:30am as to me it looked like price had borderline closed on the trendline..
Yes you're right, it did just close on it but with such a good cross on the tdi and all the rest I took the chance....not that it always works of course
Success means going from failure to failure without loss of enthusiasm
  • #17,510
  • Feb 9, 2018 6:23am Feb 9, 2018 6:23am
Quoting kain775
{quote} yes well done on GA im looking at EA right now and it's not moving much. In hindsight there was not that much distance for the tdi cross to the ema
Same here. I was short on EA already for break even now short in it again. Lets see. Its quiet near to the ema right? Amything else her might be not good for a short trade?
  • #17,511
  • Feb 9, 2018 6:26am Feb 9, 2018 6:26am
Quoting lddd
{quote} Same here. I was short on EA already for break even now short in it again. Lets see. Its quiet near to the ema right? Amything else her might be not good for a short trade?

I personally can't see why you've gone short on it again.

tbh it looks like it's bouncing off the ema atm....
  • #17,512
  • Feb 9, 2018 6:57am Feb 9, 2018 6:57am
Quoting kain775
{quote} I personally can't see why you've gone short on it again. tbh it looks like it's bouncing off the ema atm....
tbh stands for?
  • #17,513
  • Feb 9, 2018 7:06am Feb 9, 2018 7:06am
Quoting lddd
{quote} tbh stands for?

to be honest
  • #17,514
  • Feb 9, 2018 7:08am Feb 9, 2018 7:08am
Lisat, what do you think of this one

aud/usd

it seems to have moved a bit since taking the pic a few mins ago though

price stepping up
off pivot
ema good distance away
hidden div


ok for 25 pips?

the tdi cross is barely touching though. is this ok?
Attached Image (click to enlarge)
Click to Enlarge Name: audusd09022018.png Size: 28 KB
  • #17,515
  • Feb 9, 2018 7:15am Feb 9, 2018 7:15am
Question regarding this EUR/USD chart.

The current candle TDI forming or already crossed?
Do we take the open of the new candle right after the cross for entry (long in this example) ?

Quote
APB same color with my trade


Does it mean the candle on cross of TDI or already more previous candles before the cross needs to be in same color within trade direction?

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.png Size: 49 KB
  • #17,516
  • Feb 9, 2018 7:16am Feb 9, 2018 7:16am
Quoting kain775
Lisat, what do you think of this one aud/usd it seems to have moved a bit since taking the pic a few mins ago though price stepping up off pivot ema good distance away hidden div ok for 25 pips? the tdi cross is barely touching though. is this ok? {image}
Its a good trade, I don't have AU open as the atr is too low for the ones I take but definitely a good trade, cannot see a reason not to take it. Out of interest which pivots do you have on your chart as I have AU closing back above S100% not the pivot.
Success means going from failure to failure without loss of enthusiasm
  • #17,517
  • Feb 9, 2018 7:19am Feb 9, 2018 7:19am
Quoting lisat
{quote}Its a good trade, I don't have AU open as the atr is too low for the ones I take but definitely a good trade, cannot see a reason not to take it. Out of interest which pivots do you have on your chart as I have AU closing back above S100% not the pivot.

cheers,

oh and my mistake, it's labeled S3 ...

im using pivot plotter weekly V2 1
  • #17,518
  • Feb 9, 2018 7:20am Feb 9, 2018 7:20am
Looking at EJ there´s a possible buy condition forming?
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-m30-fxopen-investments-inc.png Size: 51 KB
  • #17,519
  • Feb 9, 2018 7:23am Feb 9, 2018 7:23am
Quoting kain775
{quote} cheers, oh and my mistake, it's labeled S3 ... im using pivot plotter weekly V2 1
That's good, I have the same pivots Although the tdi was only just touching it was a very good angle and if you refresh later on, it will look like it had crossed anyway so that's how I look at it, as long as everything else looks good I would go in.
Success means going from failure to failure without loss of enthusiasm
  • #17,520
  • Feb 9, 2018 7:27am Feb 9, 2018 7:27am
Quoting lddd
Looking at EJ there´s a possible buy condition forming? {image}
The h4 is not looking too bullish at the moment and the tdi is levelling out, also the m30 just made a lower low so wouldn't be one I would take just yet, I will wait until its more convincing on both timeframes, if I miss it I don't worry about it.
Success means going from failure to failure without loss of enthusiasm
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