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  • #128,961
  • Feb 17, 2022 6:04am Feb 17, 2022 6:04am
USDCHF Feb 17 Daily .... sell, sell, sell,...

- who buy swissy today? LOL

> bar(3) (4) (5) (6) and (7) is the swing high

> Master Candle[3] is CONSOLIDATION ... Post#647 do not trade when in consolidation

> Feb16 Close bar(1) was the setup candle

> Feb17 Open is bar(0) sell sell sell ....AVP!

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF Feb17 Daily MC3 breakout 17-2-2022 7-59-20 pm.png Size: 47 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,962
  • Feb 17, 2022 7:19am Feb 17, 2022 7:19am
Quoting emmanuel7788
USDCHF Feb 17 Daily .... sell, sell, sell,... - who buy swissy today? LOL > bar(3) (4) (5) (6) and (7) is the swing high > Master Candle[3] is CONSOLIDATION ... Post#647 do not trade when in consolidation > Feb16 Close bar(1) was the setup candle > Feb17 Open is bar(0) sell sell sell ....AVP! {image} ...

colour blind?

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF feb 17 colour 17-2-2022 9-18-07 pm.png Size: 44 KB


Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF Feb17 shades of grey 17-2-2022 9-15-30 pm.png Size: 33 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,963
  • Feb 17, 2022 9:09am Feb 17, 2022 9:09am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM15.png Size: 58 KB


Possible sell signal on 15m GBP/Cad. Wait for close of this candle for confirmation. Opening of 9:15 cst candle...
  • #128,964
  • Feb 17, 2022 9:17am Feb 17, 2022 9:17am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM15--2.png Size: 59 KB


Confirmed. sell sell sell
  • #128,965
  • Feb 17, 2022 9:33am Feb 17, 2022 9:33am
Here is a couple of Indicators that some might find helpful if you don't already have them. They are both Price Action Indicators.

The first is a Master (mother) candle indicator with alert that tells you when one forms. This is indicating you now have an Inside Bar setup. One of the MOST powerful price action setups as Emmanuel has been pointing out. Point in fact...look at what the USD/CHF has done today....

The second OGT price action indicator can alert you when 5 different price action setups occur. Including inside bar, engulfing candle, and a pin bar. Plus a couple of others.

Attached File(s)
File Type: mq4 Master_Candle_v2.mq4   5 KB | 486 downloads
Attached File(s)
File Type: ex4 OGT Price Action Indicator v1.3.ex4   47 KB | 413 downloads
  • #128,966
  • Edited 3:12pm Feb 17, 2022 10:27am | Edited 3:12pm
Quoting emmanuel7788
{quote} S&P500 Feb 17 > Feb 17 tonight 4407 ... hmmmm > tuned in at Chicago CST 9:30am {image} ...

I trade options as well. Using this exact same method. I bought a Put on SPY a couple of days ago. So far so good. I actually bought the Put last Friday at the open and sold it this morning.
Attached Image (click to enlarge)
Click to Enlarge Name: Spy.png Size: 222 KB
  • #128,967
  • Feb 17, 2022 10:41am Feb 17, 2022 10:41am
Quoting KCJed
{quote} I trade options as well. Using this exact same method. I bought a Put on SPY a couple of days ago. So far so good. {image}
Actually, on closer inspection CCI looking a bit divergent. Closed it out for a quick profit over a few days. Will look for a bounce and better re-entry.
  • #128,968
  • Feb 17, 2022 12:15pm Feb 17, 2022 12:15pm
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH1.png Size: 45 KB



Double Pin bar price action reversal signal off of support on USD/CHF H1. Coinciding with TMS buy signal on the Histogram and CCI crossing 50 indicating reversal in trend back to the upside. Plus ADX above 75 showing exhaustion of downtrend. Strong buy reversal signal but with low volume this time of day keep risk low. I entered on the green line with a 10 pip profit target.
  • #128,969
  • Feb 17, 2022 5:22pm Feb 17, 2022 5:22pm
Quoting emmanuel7788
{quote} S&P500 Feb 17 > Feb 17 tonight 4407 ... hmmmm > tuned in at Chicago CST 9:30am {image}
Attached Image (click to enlarge)
Click to Enlarge Name: SP500 Feb17 H1 4407 17-2-2022 7-51-02 pm.png Size: 28 KB

...
11 hours ago....

S&P500 Feb 18 Update

- 4407 was 'precise' LOL...

> first a test and pull back
> then a H1 Mother Bar/Inside Bar MB/IB as the Price Action setup
> then the break of 4407 ... hmmmm

> small SL with MB/IB and good R:R
Attached Image (click to enlarge)
Click to Enlarge Name: Sp500 Feb17 update H1 18-2-2022 7-16-09 am.png Size: 30 KB

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,970
  • Feb 17, 2022 5:45pm Feb 17, 2022 5:45pm
Quoting Tekkies
{quote} Dave, does it mean color blind people can't use what Vincent and KC is babbling about?
@Tekkies

Big E has answers to most question already . It's in his Post #261

#127,053
hey @Tekkies

do you know that Big E woke up one morning to discover that he lost 69% of his vision?

he was in fact ~70% blind.

and he used his brain a lot more being blind.

now, pretend you are also 70% blind and start listen to his post #261

>>> 'use your brain'

"HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to supp/res levels... use your brain !"

>>> your brain is your third eye.
>>> use it more often
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,971
  • Feb 17, 2022 7:38pm Feb 17, 2022 7:38pm
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1--2.png Size: 58 KB


Here's an example and explanation for why I'm using momentum filters. It takes away the "paralysis of analysis" and the scratching your head about the size of the candles etc. Absolutely nothing wrong with the traditional TMS approach, but I think some folks especially new traders are confused by the analysis aspect and when price doesn't take off and ranges for a bit they bail too early or hold on too long.

If you look at the chart above the first magenta line is the Master bar. The green line would be the traditional TMS entry. The problem with that entry is that that entry candle immediately formed a new Master candle and price continued to range. At the traditional entry CCI was above 100, but the ADX was relatively flat.

The yellow line marks the bottom of the second master candle. Price closes below the yellow line at 4:00. Now, look at the opening of the 5:00 candle (second green line). The ADX has crossed 50 angled up and the CCI is above 100. This process is repeated OVER and OVER again. For me anyway, it changed the game and helped remove the Emotion and Indecision. Think of it like a Pre-Trade (Pre-flight) Checklist. It's still the TMS method. I still get impatient at times in these flat markets and take bad counter trend trades. Hope this helps.

Good Trading!!
  • #128,972
  • Feb 17, 2022 7:56pm Feb 17, 2022 7:56pm
Quoting KCJed
{image} Here's an example and explanation for why I'm using momentum filters. It takes away the "paralysis of analysis" and the scratching your head about the size of the candles etc. Absolutely nothing wrong with the traditional TMS approach, but I think some folks especially new traders are confused by the analysis aspect and when price doesn't take off and ranges for a bit they bail too early or hold on too long. If you look at the chart above the first magenta line is the Master bar. The green line would be the traditional TMS entry. The problem...
Interesting post, I see momentum as favoring the short side atm, KCJed, maybe too much analysis/reliance on filters/algorithm based analysis? A lot of them out there, often conflicting.
"Don't Shoot Me I'm Only the Piano Player"
  • #128,973
  • Feb 17, 2022 8:17pm Feb 17, 2022 8:17pm
Quoting yani38
{quote} Interesting post, I see momentum as favoring the short side atm, KCJed, maybe too much analysis/reliance on filters/algorithm based analysis? A lot of them out there, often conflicting.
I was specifically talking about the trade I marked which was to the short side. Currently at the market I see it as indecisive. The red moving average on the chart is the 34 period moving average. The same as the market base line used in the TDI indicator. Price is just above it at the moment. We are within an Inside Bar on the Daily chart.
  • #128,974
  • Feb 18, 2022 1:38am Feb 18, 2022 1:38am
Quoting emmanuel7788
USDCHF Feb 17 Daily .... sell, sell, sell,... - who buy swissy today? LOL > bar(3) (4) (5) (6) and (7) is the swing high > Master Candle[3] is CONSOLIDATION ... Post#647 do not trade when in consolidation > Feb16 Close bar(1) was the setup candle > Feb17 Open is bar(0) sell sell sell ....AVP! {image} ..
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF Feb17 Daily MC3 breakout 17-2-2022 7-59-20 pm.png Size: 47 KB

.

USDCHF Feb 18 ... Follow up to the Daily breakout

- do not trade TDI green cross red blindly

> know the market big picture Post#647

> there is no high probability buy trade today

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF Feb18 H4 pipware FO 18-2-2022 3-31-58 pm.png Size: 67 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,975
  • Feb 18, 2022 1:57am Feb 18, 2022 1:57am
Quoting emmanuel7788
{quote} GBPUSD Feb 17 Daily update : - running up nicely with some profit banked-in. - target#1 bar(4) high hit - next target#2 bar(5) ... on radar > today' bar(0) if close above current bar(4) will confirm the 5 bars swing low, bar(2) would be the fractal. > current bar(5) is the last 5 bars swing high, PA breaking above would be significant so watch the PA {image} stay tuned !

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Feb17 Daily update GMT1141 17-2-2022 7-41-41 pm.png Size: 46 KB

GBPUSD Feb18 Daily Update;

- the swing low is confirmed with bars 1,2,3,4 and 5

- today is bar(0)

> target is bar(21) high for TP any higher would be bonus for this week.

> all remaining positions at BEP.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Feb 18 Daily target bar21 high18-2-2022 3-53-36 pm.png Size: 53 KB


..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,976
  • Feb 18, 2022 4:49am Feb 18, 2022 4:49am
Quoting KCJed
{quote} I was specifically talking about the trade I marked which was to the short side. Currently at the market I see it as indecisive. The red moving average on the chart is the 34 period moving average. The same as the market base line used in the TDI indicator. Price is just above it at the moment. We are within an Inside Bar on the Daily chart.
The red moving average on the chart is the 34 period moving average. The same as the market base line used in the TDI indicator.

That is not correct. TDI is based on RSI, not on price. Price and RSI often do not agree.

It does not take much time nor effort to plot and compare MA34 with price input to the TDI yellow to see this.

Tools are far more useful when the user has an understanding of how they are constructed and the weaknesses or limitations they have for an intended application.

A rod based on iron has many features and properties of a rod made from aluminum. But they are not interchangeable for many applications.
To free Gazans of Hamas, use whatever it takes.
  • #128,977
  • Feb 18, 2022 5:57am Feb 18, 2022 5:57am
Quoting KCJed
{image} Here's an example and explanation for why I'm using momentum filters. It takes away the "paralysis of analysis" and the scratching your head about the size of the candles etc. Absolutely nothing wrong with the traditional TMS approach, but I think some folks especially new traders are confused by the analysis aspect and when price doesn't take off and ranges for a bit they bail too early or hold on too long. If you look at the chart above the first magenta line is the Master bar. The green line would be the traditional TMS entry. The problem...
Try including multiple TFs in your analysis.
Go back to that posted H1 chart and simply switch to M5. Your bars of interest are between the magenta vertical and the 1st green vertical.
Don't you agree that there was a down swing then upswing with ADX falling? Then a new down CONTINUATION swing started that quickly had 3 consecutive wide range bars. When the 1st one closed (it happens also to be the close of the M30 bar on my chart), ADX was well above 30 and ATR5 rising. If you want to be conservative, place a pending sell just below the low of that closed bar and SL at least above its high (a bit higher would be better considering that M30 is also involved).

So now that that you know this is a down continuation that has brought down the M30, it is a high probability that you will see 10 pips down within the next 2 bars (which occurred). Then with that 3rd wide range bar, you have between 10 and 15 pips, you can decide if you want to close it, or set stop to break even and run a trailing stop. A trailing stop likely would achieve around 20-30 pips, depending on exactly how you trailed it.
To free Gazans of Hamas, use whatever it takes.
  • #128,978
  • Feb 18, 2022 6:30am Feb 18, 2022 6:30am
Quoting DrDave
{quote} The red moving average on the chart is the 34 period moving average. The same as the market base line used in the TDI indicator. That is not correct. TDI is based on RSI, not on price. Price and RSI often do not agree. It does not take much time nor effort to plot and compare MA34 with price input to the TDI yellow to see this. Tools are far more useful when the user has an understanding of how they are constructed and the weaknesses or limitations they have for an intended application. A rod based on iron has many features and properties...
One down, two to go

Quoting DrDave
{quote} Try including multiple TFs in your analysis. Go back to that posted H1 chart and simply switch to M5. Your bars of interest are between the magenta vertical and the 1st green vertical. Don't you agree that there was a down swing then upswing with ADX falling? Then a new down CONTINUATION swing started that quickly had 3 consecutive wide range bars. When the 1st one closed (it happens also to be the close of the M30 bar on my chart), ADX was well above 30 and ATR5 rising. If you want to be conservative, place a pending sell just below the...
Two down, one to go
  • #128,979
  • Feb 18, 2022 6:38am Feb 18, 2022 6:38am
Quoting KCJed
{quote} I was specifically talking about the trade I marked which was to the short side. Currently at the market I see it as indecisive. The red moving average on the chart is the 34 period moving average. The same as the market base line used in the TDI indicator. Price is just above it at the moment. We are within an Inside Bar on the Daily chart.
Interesting that you also use a 34 period moving average on price which is the same 34-period of the RSI in the earlier version of Dean Malone' TDI and his Synergy trading system. Another TMS member did this years ago and he shared some posts here.

There are some benefits when you study the MAs on Price vs the MAs on RSI as John Hayden explained in his book RSI:The Complete Guide.

RSI: The Complete Guide by John Hayden click to [download]

Trend Determination using the RSI (TDI)click to [download]

Below is EURUSD Daily using John Hayden's 9SMA and 45WMA on price vs the same 9SMA and 34WMA on RSI.

Attached Image (click to enlarge)
Click to Enlarge Name: EU Daily 9SMA 45WMA 18-2-2022 8-37-25 pm.png Size: 40 KB

If you are trading the Daily /Weekly Swings, I would change the 34WMA to 20WMA.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,980
  • Feb 18, 2022 6:41am Feb 18, 2022 6:41am
Post#6
Entries and exits...
We Enter a trade when green crosses red on the TDI at the beginning of that candle...
If it's candle 3 or more don't enter... find another trade set up.
The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce...
Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal.
If you add other things it will influence your decisions... usually to your detriment.
Don't try to complicate it thinking it can't be this easy.
Important to study TDI entries on old charts, any time frame...
Give yourself a chance and trade it like it's laid out...

Three down, None to go
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