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  • #103,321
  • Apr 28, 2020 11:12am Apr 28, 2020 11:12am
Quoting DrDave
GBPUSD H1/M15 The yellow vertical line is the open of the red H1 bar in both charts. If you were long and looking at H1, when the HA bar marked with the red arrow closed, would it get your attention? It got mine, so I checked lower timeframes. M15 had a very nice story to help me decide what to do next. Was very clear to me, without even using TDI. {image}
You mean because M15 couldn’t make a higher high?
  • #103,322
  • Apr 28, 2020 11:29am Apr 28, 2020 11:29am
Quoting lddd
{quote} You mean because M15 couldn’t make a higher high?
Yes, plus when the red bar before the yellow vertical closed, it not only confirmed that lower-high swing high bar, but closed below the low of the previous red low bar.

Also, I did not want to complicate things by showing the M5 as well, but you can check M5 for the nice rally that created that M15 single up bar.

It was not an A1 entry because back about 3 hours earlier was an area that could act as support as price comes down.
To free Gazans of Hamas, use whatever it takes.
  • #103,323
  • Apr 28, 2020 11:44am Apr 28, 2020 11:44am
Quoting Tekkies
{quote} - correct usage BigE posted > Be careful, watch you trade - 68 = overbought / 32 = oversold Iddd, add these level's to TDI indicator > 41, 59, make the main chart window small, plot v-lines at ever crossover (ignore angle, it is distorted), different color for each level. Ctrl+A and check which zone gave the best result's. Change 41 / 59 to 45 / 55 and do it again, repeat and change time frame / pair, and repeat, repeat............ {image} {image} Can remember you asked this very same question last year. Google: What is there to say? A other...
Will study your comments and might come back to one of the points. Thanks so far.

Regarding post #647

Like said I would like to focus trading only for the first few hours after EU opens for trading, so probably 07:00 AM - 11:00 AM.

What I see like nearly 70 maybe even 90% at that time is that there is always a consolidation area and previous candles are small because that’s what has been created during the asian session before (my sleeping time).

So price is more often than not in a tight range of < 30 pips before EU opens, some news getting published and maybe some larger movement to one side will start to develop.

Therefor my aim is to catch one of these moves/breakouts IF followed after the signal/strategy I trade (TMS/TDI)

So I am really not sure how I would be able to avoid this kind of market condition of consolidation or what exactly you mean by consolidation otherwise.

Now if I wait before my complete left side of the M15 chart only shows large candles i will never find one trade after 30 days watching 3 hours after LO.

The GU buy example was a bad one. I also didn’t took it nor did I checked it against multiple time frames or one of the other TMS rules. I just wanted to demonstrate another steep angle of TDI that has been in alignment with the Stoch to show that this clock angle rule no matter how steep the angle is here doesn’t move the odds of an positive trade in my favor. I already found a lot of these steep angle setups during live trading times and can’t they I spotted any significant better outcome when it’s at a steep angle or not, still looks more like 50% to me.
  • #103,324
  • Apr 28, 2020 12:18pm Apr 28, 2020 12:18pm
any one has any comments for not going long on this trade
Attached Image (click to enlarge)
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  • #103,325
  • Apr 28, 2020 12:26pm Apr 28, 2020 12:26pm
Quoting lddd
{quote} Will study your comments and might come back to one of the points. Thanks so far. Regarding post #647 Like said I would like to focus trading only for the first few hours after EU opens for trading, so probably 07:00 AM - 11:00 AM. What I see like nearly 70 maybe even 90% at that time is that there is always a consolidation area and previous candles are small because that’s what has been created during the asian session before (my sleeping time). So price is more often than not in a tight range of < 30 pips before EU opens, some news getting...
- my aim is to catch one of these moves/breakouts
You want to trade that, google: "london breakout strategy"
-----
- "Your aim"? means nothing with out a TDI cross.
----
Iddd, not going to post now. Tomorrow your time (say 12/13min) before London open post a chart and you tell reader's what you see.
Then we (member's) can give voice options on what we see.
Deal?
  • #103,326
  • Edited 12:55pm Apr 28, 2020 12:40pm | Edited 12:55pm
Quoting samobeast
any one has any comments for not going long on this trade {image}
Look left a few bars. Just above the white horizontal line are candles with wicks on both ends and some small bodies. This tells you there were both buyers and sellers in that zone, so do not be surprised when price climbs back up to that zone that there are still contracts there for both buying and selling that will send your trade sideways.
EDIT Personally, those type if setups, although they follow the TDI cross and location of the HA bars, do not offer me ANY type of confirmation that this is an up move. I would check M5 and M1 to find out what they have to say.
To free Gazans of Hamas, use whatever it takes.
  • #103,327
  • Apr 28, 2020 12:42pm Apr 28, 2020 12:42pm
Quoting samobeast
any one has any comments for not going long on this trade {image}
Yes.
Where price is now, I see resistance.
It took price a whole day (27th) to break past that. 28, price succeed to go up and got dragged down after eight hours.
Big Boy's are setting a trap for buyers. Many are going to think price will do the same as 28th. Yes, price will move a bar or two up (catch more buyers) before tumbling down to 1.207627
  • #103,328
  • Apr 28, 2020 1:01pm Apr 28, 2020 1:01pm
Quoting DrDave
{quote} Yes, plus when the red bar before the yellow vertical closed, it not only confirmed that lower-high swing high bar, but closed below the low of the previous red low bar. Also, I did not want to complicate things by showing the M5 as well, but you can check M5 for the nice rally that created that M15 single up bar. It was not an A1 entry because back about 3 hours earlier was an area that could act as support as price comes down.
But without any kind of alert/signal an indicator gives? So you basically trade a naked chart and watch it x hours every day without leaving the screens getting a coffee?

Would be a hard to realize to me, this requires incredible focus. You might able to do this for half an year maybe one year but at some point you will run into a burn out or even worst.
  • #103,329
  • Apr 28, 2020 1:13pm Apr 28, 2020 1:13pm
Quoting lddd
{quote} But without any kind of alert/signal an indicator gives? So you basically trade a naked chart and watch it x hours every day without leaving the screens getting a coffee? Would be a hard to realize to me, this requires incredible focus. You might able to do this for half an year maybe one year but at some point you will run into a burn out or even worst.
LOL. You don't remember postings that I made with 3 MAs, 3 MACDs, etc.??? I have templates with my favorite indicators as well as some charts that have no indicators except HA bars. It just depends on what I am doing on any particular day which setup I display. But one thing that does not change--the only time I have a single chart to view is when I maximize a chart to full screen temporarily. The exact timeframes that I have in view at any given moment simply depends on which ones have stories that I am interested in at the moment. For example, I am very likely to have MN an W1 open early in the trading day, but minimized or even closed for most of the day. Likewise for M1, M2, M4.
To free Gazans of Hamas, use whatever it takes.
  • #103,330
  • Apr 28, 2020 1:22pm Apr 28, 2020 1:22pm
OK, several people have asked about no TDI on the chart from post #103,309 so here it is with the TDI that I use.
You can see that turned out to be a TDI bounce trade on M15. Also, note that red x yellow down before that--that is already a heads up to me that the H1 is either doing or about to do green x red.
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To free Gazans of Hamas, use whatever it takes.
  • #103,331
  • Apr 28, 2020 1:31pm Apr 28, 2020 1:31pm
Quoting Tekkies
{quote} Yes. Where price is now, I see resistance. It took price a whole day (27th) to break past that. 28, price succeed to go up and got dragged down after eight hours. Big Boy's are setting a trap for buyers. Many are going to think price will do the same as 28th. Yes, price will move a bar or two up (catch more buyers) before tumbling down to 1.207627
thanks tekkies for your reply but why u think the price will fall to 1.2 stoch is up on daily and tdi cross green up also not great angle thou
Attached Image (click to enlarge)
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  • #103,332
  • Apr 28, 2020 1:41pm Apr 28, 2020 1:41pm
Quoting samobeast
{quote} thanks tekkies for your reply but why u think the price will fall to 1.2 stoch is up on daily and tdi cross green up also not great angle thou {image}
After you checked D1 did you also check H4? I have a down bar forming. (In case you missed it, H1 made a nice down move that is painting that H4 bar.) ALso, for H1, "time is up" for going up, so I am biased for the H1 down leg to be a new down cycle rather than a mere pullback with subsequent up continuation. Only time will tell if this unfolds or something happens. That is why I prefer lagging indicators. (This also fits with H4 up swing being complete so that it can move into a pullback.) So all of that is putting pressure FROM BELOW for turning down that D1 stochastic, not for it continuing up.
To free Gazans of Hamas, use whatever it takes.
  • #103,333
  • Apr 28, 2020 1:45pm Apr 28, 2020 1:45pm
Quoting samobeast
{quote} thanks tekkies for your reply but why u think the price will fall to 1.2 stoch is up on daily and tdi cross green up also not great angle thou {image}
Put a horizontal line at that 1.2076 value, then look at various timeframes starting with MN and see if you find any significant support areas at the line.
To free Gazans of Hamas, use whatever it takes.
  • #103,334
  • Apr 28, 2020 1:53pm Apr 28, 2020 1:53pm
Quoting samobeast
any one has any comments for not going long on this trade {image}
TRADING HOURS ... part of trading DISCIPLINE

That is outside my trading hours for GBPUSD M15 and also EURUSD and EURGBP pairs.

I close all M15 positions when London closing hour.

and check on my dog if he needs a last time outside.

https://thumbs.gfycat.com/Delectable...restricted.gif

Technically, I see a few things on your chart.

1.2500 is key level - BRN, with Daily reaction level 50EMA plus PPA end March.... CONFLUENCE .

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD D1 BRN PPA 50EMA 29-4-2020 2-56-33 am.png Size: 19 KB


but seeing you have your Line Chart (black line) the momentum of the last HA candle closed is good.

Attached Image (click to enlarge)
Click to Enlarge Name: samobeast 29-4-2020 2-37-53 am.png Size: 151 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,335
  • Apr 28, 2020 1:57pm Apr 28, 2020 1:57pm
Quoting DrDave
{quote} Put a horizontal line at that 1.2076 value, then look at various timeframes starting with MN and see if you find any significant support areas at the line.
i put it it gave strong support from Daily to Mn time frames

so daily TDI gives buy signal on H4 its sell on H1 undecided on M15 its fluctuating
so no long trade to be taken right only scalping on M15 when H1 decide a direction
correct me if i am wrong.
  • #103,336
  • Apr 28, 2020 3:03pm Apr 28, 2020 3:03pm
Quoting DrDave
{quote} LOL. You don't remember postings that I made with 3 MAs, 3 MACDs, etc.??? I have templates with my favorite indicators as well as some charts that have no indicators except HA bars. It just depends on what I am doing on any particular day which setup I display. But one thing that does not change--the only time I have a single chart to view is when I maximize a chart to full screen temporarily. The exact timeframes that I have in view at any given moment simply depends on which ones have stories that I am interested in at the moment. For...
Okay. Not sure which setups you mean but to me there is always only one setup that can occur with that strategy no matter what time frame you look, if you see TDI green/crossed red.

I don’t actually want to start looking at a chart no matter what has added to it (indicators or drawings) as long I do not get an alert for such cross over or see it happen while sitting in front of a screen.

I am also not sure why you say you are likely to look at a MN and W1 chart if you trade intraday if a Weekly candle only changes once in a week and a Monthy Candle once in a month.
  • #103,337
  • Apr 28, 2020 3:18pm Apr 28, 2020 3:18pm
Quoting samobeast
{quote} i put it it gave strong support from Daily to Mn time frames so daily TDI gives buy signal on H4 its sell on H1 undecided on M15 its fluctuating so no long trade to be taken right only scalping on M15 when H1 decide a direction correct me if i am wrong.
Unless I get evidence otherwise, I am marking the D1 TDI cross up as a rally to the down swing, not an up continuation.
The H4 up move from 24 April is not so clean, so it is not clear yet if the TDI cross down is just a pullback or a reversal.

H1 now moving sideways is likely a rally, but because it started in off hours, we have to wait to see how it unfolds as more time passes. If it is a rally, I would be surprised if it gets above 1.2475--but this is Forex, where anything can happen.
We can't say much about M15 now because its the off hours. Will need to check again maybe around Frankfurt open to see what has developed. The up move that it has made is good enough to be a rally from which to fall, but we have to see later if the big boyz take price to a higher level before dropping.
To free Gazans of Hamas, use whatever it takes.
  • #103,338
  • Apr 28, 2020 3:32pm Apr 28, 2020 3:32pm
Quoting lddd
{quote} Okay. Not sure which setups you mean but to me there is always only one setup that can occur with that strategy no matter what time frame you look, if you see TDI green/crossed red. I don’t actually want to start looking at a chart no matter what has added to it (indicators or drawings) as long I do not get an alert for such cross over or see it happen while sitting in front of a screen. I am also not sure why you say you are likely to look at a MN and W1 chart if you trade intraday if a Weekly candle only changes once in a week and a Monthy...
I look at MN and W1 because I need to see where the MN and W1 charts are in their cycling,not to just look at 1 or 2 or 3 bars of it. If you look at only a bar or two, then, once again, you only get a very small piece of the story that that TF has to tell. And, although I take notes when I do my analyses, it is helpful for me to see them again each analysis because I look at a lot of timeframes and don't always remember what those 2 big TFs looked like the day before.

I don't start with TDI crossings. I look at the price swings cycling first to get a direction bias on the big TFs, then smaller TFs to get an idea of which TFs are most likely have the "action" play out during the day. Then when it is trading time, I'll start checking indicators.
To free Gazans of Hamas, use whatever it takes.
  • #103,339
  • Apr 28, 2020 4:30pm Apr 28, 2020 4:30pm
Quoting samobeast
{quote} thanks tekkies for your reply but why u think the price will fall to 1.2 stoch is up on daily and tdi cross green up also not great angle thou {image}
Put three H lines on D1, values 1.207627, 1.218904, 1.258541
- Zoom out until you see what happened Aug 2019
Look where price turned on Jun / Sept 2019 / and Apr / Mar 2020
  • #103,340
  • Apr 28, 2020 5:01pm Apr 28, 2020 5:01pm
Quoting Tekkies
{quote} - my aim is to catch one of these moves/breakouts You want to trade that, google: "london breakout strategy" ----- - "Your aim"? means nothing with out a TDI cross. ---- Iddd, not going to post now. Tomorrow your time (say 12/13min) before London open post a chart and you tell reader's what you see. Then we (member's) can give voice options on what we see. Deal?
YO. Deal.
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