PA patterns with TMS system

TDI is nothing more than another indicator, which is good in giving you early entries. However, where to use it is a big question! Price action and models answer you that question.
I personally use TDI as a trigger, but all my analysis is performed on my other charts which are easier for me to observe price action.

Regards,
snu

I would like to see fake breakdown on GU in order for me to go long.

Long on SPY per Daily RSI 4 oversold.

10-min chart: I expect a move up to 132.20 area.
My EP will be on channel break around the 131.20 area, if ALL my additional rules confirm the entry:

1. Advance/Decline Confirmation.
2. Market Summary Confirmation.
3. Market Volume Confirmation.

I've chosen an option for my long trade, possible profit when target reached is calculated, see attached xls sheet. I used Ivolatility calculator for these purposes, so plz note that percentages are estimates.


Regards,
snu.

GDX short entry on 1Hr TF yesterday - pullback to 200MA, channel break. Moreover, BPGDM cross down occured yesterday, so momentum down and we can expect some more down movement.
But, as RSI(4) oversold in extreme zone - if we'll see divergence and head and shoulders PA pattern on 10M TF in next 2-3 days - when should enter long.

Possible LS, wait for divergence, change in momentum, H and RS in 2-3 days

1. Daily Chart: RSI 4 in extreme zone second day in a row. Momentum is downward as per pic.1

2. 10 Min Chart: Spy gave no entry yesterday, However we expect a bounce to the upside due to RSI being oversold. This entry is still classified as entry to the right neck, since right shoulder (HH/HL) has not formed yet.

3. I expect EP to be around the 130 area. I will enter long with the confirmation of the following:

a. Market Volume SBV oscillator.
b. Advance/Decline buy signal on 2 min TF.
c. Overal Market Summary momentum to the upside.

4. In case I enter long, I will determine wether to leave position overnight based on the readings of daily momentum indicator towards the close of the session - in case of momentum shift to the upside I'll stay in position overnight.

Regards,
snu