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TDA with IMT

  • #21
  • Sep 2, 2019 2:48am Sep 2, 2019 2:48am
Quoting DrDave
{quote} GBPJPY up-down... No surprise post #17 {quote}
Of course not - and if you weren't stopped out - and you weren't because you use very wide stops - the downward move made you more than enough pips already.
And still: as it so often happens - GBPNZD would have been the better deal as far as pips go because of higher volatility.
  • #22
  • Sep 7, 2019 11:45am Sep 7, 2019 11:45am
Some thoughts for the coming week...
GBPJPY
Direction bias: long term, down (MN1). Short term, cycling.
Control: D1
Action: below H4.

W1/D1 due to go up. H4 must complete its pullback before this can proceed.
Expect cycling below H4 in preparation to bring down H4 further on a pullback.
Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #23
  • Sep 10, 2019 2:36pm Sep 10, 2019 2:36pm
Quoting DrDave
Some thoughts for the coming week... GBPJPY Direction bias: long term, down (MN1). Short term, cycling. Control: D1 Action: below H4. W1/D1 due to go up. H4 must complete its pullback before this can proceed. Expect cycling below H4 in preparation to bring down H4 further on a pullback.
Attached Image

You be the judge...
Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #24
  • Sep 11, 2019 8:06am Sep 11, 2019 8:06am
Sorry for a "maybe dumb" question ...
When you have a little time, can you indicate a link or post where I can learn about IMT ( things like - how do I know which TF is in control - or where the action is ... )
  • #25
  • Sep 12, 2019 1:08am Sep 12, 2019 1:08am
Quoting forexcentric
Sorry for a "maybe dumb" question ... When you have a little time, can you indicate a link or post where I can learn about IMT ( things like - how do I know which TF is in control - or where the action is ... )
post #1
Quote
If you have questions or comments, please PM me.
To free Gazans of Hamas, use whatever it takes.
  • #26
  • Sep 14, 2019 8:42am Sep 14, 2019 8:42am
Quoting DrDave
Some thoughts for the coming week... GBPJPY Direction bias: long term, down (MN1). Short term, cycling. Control: D1 Action: below H4. W1/D1 due to go up. H4 must complete its pullback before this can proceed. Expect cycling below H4 in preparation to bring down H4 further on a pullback. {image}
And at the week end, where did the weekly go?
Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #27
  • Sep 14, 2019 8:44am Sep 14, 2019 8:44am
I told you before - it's a gift.
GBPNZD - once again - was performing better, though.
And still you spend your precious time with fools.
Keep up the good work.
  • #28
  • Sep 14, 2019 9:41am Sep 14, 2019 9:41am
Quoting DrDave
Some thoughts for the coming week... GBPJPY Direction bias: long term, down (MN1). Short term, cycling. Control: D1 Action: below H4. W1/D1 due to go up. H4 must complete its pullback before this can proceed. Expect cycling below H4 in preparation to bring down H4 further on a pullback. {image}
I think that is quiet reasonable. But how long will political games in UK can raise the Gbp. I believe it is more political ploys rather than economics that affect the Gbp these days or any other currency for that matter. Regards.
  • #29
  • Sep 14, 2019 9:56am Sep 14, 2019 9:56am
Quoting goodways100
{quote} I think that is quiet reasonable. But how long will political games in UK can raise the Gbp. I believe it is more political ploys rather than economics that affect the Gbp these days or any other currency for that matter. Regards.
I do not consider politics, economics, nor news when making analyses; I consider only what is on the charts.
To free Gazans of Hamas, use whatever it takes.
  • #30
  • Sep 15, 2019 8:04am Sep 15, 2019 8:04am
Of course, your insight into larger cycles would have been missing - but apart from that -
Friday wasn't all that difficult to trade:
Ehlers indicators, by the way
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 34 KB
  • #31
  • Sep 15, 2019 11:39am Sep 15, 2019 11:39am
Quoting josi
Of course, your insight into larger cycles would have been missing - but apart from that - Friday wasn't all that difficult to trade: Ehlers indicators, by the way {image}
Actually, many GBPJPY timeframes were overdue to go DOWN. so it is not a prediction, but just a high probability that price would turn down. However, there was no indication of going down until about the last half-hour of the day, and even that did not get further than the 2-minute timeframe.

Trade what the market SHOWS you, but with caution when the direction is going against the IMT direction.
To free Gazans of Hamas, use whatever it takes.
  • #32
  • Sep 15, 2019 12:39pm Sep 15, 2019 12:39pm
Quoting DrDave
{quote} Actually, many GBPJPY timeframes were overdue to go DOWN. so it is not a prediction, but just a high probability that price would turn down. However, there was no indication of going down until about the last half-hour of the day, and even that did not get further than the 2-minute timeframe. Trade what the market SHOWS you, but with caution when the direction is going against the IMT direction.
I think it will be interesting to see which direction it will take.
Weekly will be decisive on Ehlers.
But my MACD (weekly TF) still says: stay in BUY
My MACD (M15 TF) signals strong divergence.
I think a retracement of the upward movement is most likely.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYMonthly.png Size: 62 KB
Click to Enlarge Name: GBPJPYWeekly.png Size: 62 KB
Click to Enlarge Name: GBPJPYDaily.png Size: 60 KB
  • #33
  • Sep 15, 2019 1:50pm Sep 15, 2019 1:50pm
Weekend analysis
AUDNZD
Direction bias: long term, down. Short term, down
Control: W4
Action: below H4.

D1 is overdue to fall, and timeframes H4 through M15 expected to go down.
Expect cycling below H1 to try to bring down H1.
M5 is already breaching sideways channel.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 28 KB
To free Gazans of Hamas, use whatever it takes.
  • #34
  • Sep 15, 2019 8:19pm Sep 15, 2019 8:19pm
Hi Dave,

i didnt know u have a Thread , support you !

Regards
DC
  • #35
  • Sep 16, 2019 4:40am Sep 16, 2019 4:40am
Quoting DrDave
Weekend analysis AUDNZD Direction bias: long term, down. Short term, down Control: W4 Action: below H4. D1 is overdue to fall, and timeframes H4 through M15 expected to go down. Expect cycling below H1 to try to bring down H1. M5 is already breaching sideways channel. {image}
I think you are right, of course.
But resistances are keeping price up, as yet.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDNZDH1.png Size: 28 KB
Click to Enlarge Name: AUDNZDH4.png Size: 30 KB
  • #36
  • Sep 16, 2019 4:54am Sep 16, 2019 4:54am
Quoting josi
{quote} I think you are right, of course. But resistances are keeping price up, as yet.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 48 KB
That up move on AUDNZD H1, if it behaves "normally", is nothing more than a rally before a further down continuation. It has already gone far enough up in price that it can drop now.
To free Gazans of Hamas, use whatever it takes.
  • #37
  • Sep 16, 2019 2:29pm Sep 16, 2019 2:29pm
Quoting DrDave
Weekend analysis AUDNZD Direction bias: long term, down. Short term, down Control: W4 Action: below H4. D1 is overdue to fall, and timeframes H4 through M15 expected to go down. Expect cycling below H1 to try to bring down H1. M5 is already breaching sideways channel. {image}
Did the weekend analysis give you a trading edge today for AUDNZD?

Although price fell for 6 hours on H1, the ensuing rally went too far and the uptrend continued in full force.
Attempts to reverse the up trend now are reset back to the M1 chart.

Does your trading plan have options for actions to take when failures such as this occur?

Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #38
  • Sep 17, 2019 12:22am Sep 17, 2019 12:22am
Quoting DrDave
{quote} Did the weekend analysis give you a trading edge today for AUDNZD? Although price fell for 6 hours on H1, the ensuing rally went too far and the uptrend continued in full force. Attempts to reverse the up trend now are reset back to the M1 chart. Does your trading plan have options for actions to take when failures such as this occur? {image}
It will often be the case that price continues in its original direction until there are clear signs of exhaustion.
And even then it sometimes tests repeatedly. So you wouldn't want to sell until you have LLs & LHs.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH1.png Size: 69 KB
  • #39
  • Sep 17, 2019 1:32am Sep 17, 2019 1:32am
Quoting josi
{quote} It will often be the case that price continues in its original direction until there are clear signs of exhaustion. And even then it sometimes tests repeatedly. So you wouldn't want to sell until you have LLs & LHs. {image}
Correct.

And if you look at smaller time frames...
You need to have the correct FOCUS chart. H1 was not it at that time.
To free Gazans of Hamas, use whatever it takes.
  • #40
  • Sep 17, 2019 1:47am Sep 17, 2019 1:47am
Quoting DrDave
{quote} Correct. And if you look at smaller time frames... You need to have the correct FOCUS chart. H1 was not it at that time.
Well, I was asleep when it was safely tradable (for me) on M15 - and now we have to wait.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD.png Size: 79 KB
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