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  • #34,521
  • Apr 1, 2014 9:16pm Apr 1, 2014 9:16pm
Quoting DesiBaba
{quote} Hey Direwolf, you are panupat from babypips and fso right? The reason I am asking is because your pic is the same as panupat on price action that matters and you mentioned this thread on that thread when i asked for it (I am aujla from babypips) Could you please tell me your reasoning for the NZD short you just took. I can see its against a strong up trend. Did you take it because the red candle closed below the low of the previous blue candle? Thanks
Hi! Yes that is me So you've been trading TMS, too? Seeing you mentioned you use original system.

There are couple things. If you look in the red box you'll see 2 bearish candle with wicks on top, showing rejection to go higher. The 2 together created a double top and the second one is also almost a BEEB. The pair also shows divergence on both RSI and TDI (not surprising I guess since TDI is calculated from RSI.)
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The level isn't too bad, too. Tho I didn't consider this factor much.
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I'm hoping the price would be able to reach 0.8500 (the dotted line) which would give me roughly 3RR
Everything you can imagine, is real - Pablo Picasso
  • #34,522
  • Apr 1, 2014 9:38pm Apr 1, 2014 9:38pm
Quoting Direwolf
{quote} Hi! Yes that is me So you've been trading TMS, too? Seeing you mentioned you use original system. There are couple things. If you look in the red box you'll see 2 bearish candle with wicks on top, showing rejection to go higher. The 2 together created a double top and the second one is also almost a BEEB. The pair also shows divergence on both RSI and TDI (not surprising I guess since TDI is calculated from RSI.) {image} The level isn't too bad, too. Tho I didn't consider this factor much. {image} I'm hoping the price would be able to...

Wow thanks for a detailed explanation.

I will now look at charts a different way!

Isn't that double top kinda too close to each other? I thought double top was two swing high not getting past a point. This seems to be just 3 candles making the pattern. So a double top is valid even with 3 candles?
Lets Make Some Money
  • #34,523
  • Apr 1, 2014 9:52pm Apr 1, 2014 9:52pm
According to what I learn from this thread yes. There were many trades taken by seniors when price reject double/triple top where the tops were right next to each other. And there are times the tops were 4-5 candles apart. You can look at them as horizontal S/R FSO style, same principle I think.

NZDJPY H1 chart showing multiple rejection to go low and TDI crossing up from 32
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Also look real yummy from H4... trend continuation maybe?
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Still waiting if price will break higher than those pins.
Everything you can imagine, is real - Pablo Picasso
  • #34,524
  • Apr 1, 2014 10:10pm Apr 1, 2014 10:10pm
Quoting Direwolf
NZDUSD daily chart. Price showing 2 candles rejecting to go higher, TDI sloping down from 68 and divergence. I'm waiting for daily candle close to see if it's a valid short entry {image}
Hi.
Your channel Looks very Impressive and very much Business like ...
What Indi/s are you using to get them?
Can you please post them?
Thanks in advance ....
  • #34,525
  • Apr 1, 2014 10:23pm Apr 1, 2014 10:23pm
Quoting Direwolf
According to what I learn from this thread yes. There were many trades taken by seniors when price reject double/triple top where the tops were right next to each other. And there are times the tops were 4-5 candles apart. You can look at them as horizontal S/R FSO style, same principle I think. NZDJPY H1 chart showing multiple rejection to go low and TDI crossing up from 32 {image} Also look real yummy from H4... trend continuation maybe? {image} Still waiting if price will break higher than those pins.

Hey Direwolf,

thanks again for the reply.


Just from what I understood watch Dean Malone videos regarding this method. He said when a candle shows a long wick it means there is strong momentum in the direction of that wick. This means if I see a bullish candle with a long UPPER wick it means momentum to the upside. If I see a bearish candle with a long LOWER wick it means momentum to the downside.

I know in FSO wicks show rejection of price.
I thought which this average price bar candles they mean the opposite
Lets Make Some Money
  • #34,526
  • Apr 1, 2014 10:37pm Apr 1, 2014 10:37pm
Quoting DesiBaba
{quote} Just from what I understood watch Dean Malone videos regarding this method. He said when a candle shows a long wick it means there is strong momentum in the direction of that wick.
I've read that too lol. Interesting huh I couldn't get myself to agree with that idea, although it kinda explains the up-side-down pin bar pattern (hangman, shooting start) which I never took.
http://fxwords.com/b/bearish-hanging...ndlestick.html

by the way, I switched to pure candle when looking at wicks. They're not very clear with Heiken Ashi laid on top.

Quoting adikashyap
{quote} Hi. Your channel Looks very Impressive and very much Business like ... What Indi/s are you using to get them? Can you please post them? Thanks in advance ....
Do you mean the straight line channel? If so, they are manually drawn with equidistance channel tool. This one on MT4. Center line are normal trend line drawn manually as well.
Attached Image


If you mean the curvy one, they are 2 smoothed MA, period of 5, set to high and low.
Everything you can imagine, is real - Pablo Picasso
  • #34,527
  • Apr 1, 2014 10:45pm Apr 1, 2014 10:45pm
[quote=Zoopots;7374703]AUDJPY update: Yea...it's on a tear! Raised TP to 96.84, raised S/L to 94.90; +321 pips of profit protected; targeting old Daily support level. Trusting the PAC!

1 Apr update:

Raised S/L slightly to 95.35 protecting 355 pips of profit; left TP at 96.84. Note how the MBL has stopped climbing and is at zero slope plus all three TDI lines are extremely overbought; bands are pinching which often results in a move away from the bands. AUD fundies tomorrow (Trade Balance and Retail Sales) may motivate pair to give us a sell setup...have to wait and see. Sitting at Weekly 50% retracement level. Profits are protected, let's continue to watch for a valid setup short.

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  • #34,528
  • Apr 1, 2014 10:56pm Apr 1, 2014 10:56pm
Catching some pips on this move
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  • #34,529
  • Apr 2, 2014 2:09am Apr 2, 2014 2:09am
I'd like to share my technique of using higher time frame charts to facilitate my TDI H4 entries. I hope you will all find this informative and perhaps be able to cut down on some of your losses via "shoot in the dark" entries.

One of my mainstay pairs is the USDCHF. I like to start my weekend analysis by analyzing the Weekly chart. Look at the Swissy Weekly below and notice the definite rhythm of pair. You have to understand that this is a weekly chart and as such, represents 300-600 pips of movement with each of the trend lines...I don't know of anyone who trades a weekly chart, but it sure does show a pattern of "breathing". Now, for grins, I've placed a vertical line at the first reversal weekly candle of each long move (5/26/13, 7/14/13, 9/8/13, 11/17/13 and 1/19/14). The pair has been making lower lows for almost a year now. Note that. It's obviously a bear move as we have 5-8 red HE candles followed by 2-4 blue retracement candles.

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Now change the period to a Daily chart and don't change any of the trend lines. Note that the breathing of the pair is even more evident and also make note of the cycling of the TDI/signal lines while the Daily MBL stays pretty close to the 50 level. I asked myself years ago "If a pair cycles so predictably, how can I properly trade the peaks and valleys?" What period would allow me high probability trades while still being able to have a life away from the computer? My decision was the H4 chart. I've zoomed out the Daily chart below to be able to see the same amount of data we saw above in the Weekly chart. Isn't it amazing the cycle that's evident!!!!

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Now let's pick a single peak line from the Weekly chart to analyze on an H4 chart to see if we'd be able to receive a dependable, high probability sell entry using the techniques of this thread. Let's look at the 9/8/13 vertical line. Notice that the last candle of the week on 9/6/2000 gave an awesome H4 entry at .9438; S/L would be placed near .9470 since the 6 previous candles are broadcasting major resistance at .9450 and targets could logically be determined by the Fib levels of the "breathing" previous buy move. (We should be looking for a continuation of the down trend after two Weekly blue HEs (7 Daily blue HEs). Sure enough, the H4 gives a great entry on the H4 candle mentioned above. I like to target the 38% Fib initially and we had no problems reaching that +115 pips level in 30 hours. Had we trusted the slope of the MBL for exit guidance, it reached oversold at around 350 pips of profit (a 13 day trade). Exiting when PA broke above the established down trend line would have given about the same amount of profit. Ditto for trusting the PAC. Pick your exit strategy!

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Now do a little chart study and when a Weekly set of Sell HEs give a blue retracement HE, do the same type of chart study and trade the retracement after exiting your Sell position. Just don't expect the same profit levels trading contrarily to the down trend.

I hope you find this useful. You can use this concept on any pair but I think you'll find some that don't give such obvious waves and you can ignore them. Find pairs that cycle and consider these thoughts...I think you'll bank pips doing so.

Let me know your thoughts.
  • #34,530
  • Apr 2, 2014 2:23am Apr 2, 2014 2:23am
Apologies,

I forgot to mention I have entered the USDCHF short based on the 3/28/1600 TDI cross last week. This was after two Weekly (8 Daily) blue retracement HEs and a valid TDI cross. currently in a risk free trade and have moved TP to the 50% Fib level. Watching PAC and MBL for whipsaws every 4 hours.

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  • #34,531
  • Apr 2, 2014 2:37am Apr 2, 2014 2:37am
Quoting Helanka
{quote} Dear Electronitro, Above process is valid for MT4 Older Version.If you use MT4 Build 600 Or Above Version Pls follow below process. Pls Copy all your Indicators (Ctrl+C) Then open Your MT4 platform Then Go to File/Open Data Folder Then Go to MQL4 /Indicators Then Paste your Indicators to that Folder Then closed your MT4 platform & re-open Then check Custom Indicator Folder Thanks Helanka
Thanks for the assistance. I appreciate it. However, I'm still unable to install the indicators properly. As a result, my Haiken Ashi candles are superimposed on my candle stick chart and I cannot even find the TDI on the list of custom indicators. I'd appreciate further assistance, if you are in a position to assist me further.


Kind Regards.
  • #34,532
  • Apr 2, 2014 2:37am Apr 2, 2014 2:37am
Quoting Zoopots
Apologies, I forgot to mention I have entered the USDCHF short based on the 3/28/1600 TDI cross last week. This was after two Weekly (8 Daily) blue retracement HEs and a valid TDI cross. currently in a risk free trade and have moved TP to the 50% Fib level. Watching PAC and MBL for whipsaws every 4 hours. {image}
Hi Zoopots. Loving your posts. Interestingly EURUSD is almost a mirror of USDCHF
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  • #34,533
  • Apr 2, 2014 2:38am Apr 2, 2014 2:38am
AUDCAD is on my radar as the Weekly is potentially exhausting the buy move for the past ten weeks. Will look for a red HE Weekly, then do the analysis as mentioned in 34,543.
  • #34,534
  • Apr 2, 2014 2:42am Apr 2, 2014 2:42am
Quoting hostwey
{quote} Hi Zoopots. Loving your posts. Interestingly EURUSD is almost a mirror of USDCHF {image}
Thanks, hope they help. Yes, you're right about the Euro...Cable too. They are almost always contrarian to the Swissy. When I trade the Swissy, as I do, I ignore the other two as I don't like being in multiple pairs tied to the USD. But that's just me. The big boys probably don't worry about it.
  • #34,535
  • Apr 2, 2014 2:47am Apr 2, 2014 2:47am
Quoting DesiBaba
{quote} Hey Electro First, I would recommend getting a New York close broker such as pepperstone to do your charting. You can get a demo for them and scan for your trades there and enter them on your fxpro (if they are your broker) In order to add the indicators just go to the folder for your broker. Search for any custom indicator that you already have on your mt4. Just go to mt4 and click insert-indicators-custom and find one. Search for that one when your in your broker mt4 folder and the place where you find that indicator is the place you should...
Hi,

Thanks for your feedback and input. Quick question, does the approach you've suggested entail getting two brokers: one for charting and one for trading fx?
  • #34,536
  • Apr 2, 2014 2:51am Apr 2, 2014 2:51am
Quoting Zoopots
I'd like to share my technique of using higher time frame charts to facilitate my TDI H4 entries. I hope you will all find this informative and perhaps be able to cut down on some of your losses via "shoot in the dark" entries..............
Hi Zoopots,

Thanks for the amount of effort you put in, to share your knowledge and experience. It is very informative and helpful. It is also much appreciated.

Just 1 clarification, please: Several times you make mention of "HEs". Could you please just explain what that is? Is it Heiken Ashi / APB bars?

Thanks
  • #34,537
  • Apr 2, 2014 2:57am Apr 2, 2014 2:57am
Quoting mor707
{quote} Hi Zoopots, Thanks for the amount of effort you put in, to share your knowledge and experience. It is very informative and helpful. It is also much appreciated. Just 1 clarification, please: Several times you make mention of "HEs". Could you please just explain what that is? Is it Heiken Ashi / APB bars? Thanks
Yes, "HE" is our abbreviation for the Heiken Ashi candle.
  • #34,538
  • Apr 2, 2014 3:17am Apr 2, 2014 3:17am
oh. I thought it'd be HA = Heiken Ashi.

Thanks for sharing your method Zoopots. I'm studying as I type Really appreciate.
Everything you can imagine, is real - Pablo Picasso
  • #34,539
  • Apr 2, 2014 3:22am Apr 2, 2014 3:22am
Quoting Zoopots
{quote} Yes, "HE" is our abbreviation for the Heiken Ashi candle.
Zoopots, thank you for that. Very useful. I PDFed it if you don't mind for myself and others. Looking forward seeing more posts from you!
Attached File(s)
File Type: pdf W-D-H4-zoopots.pdf   597 KB | 816 downloads
Those who know don't talk. Those who talk don't know.
  • #34,540
  • Apr 2, 2014 3:24am Apr 2, 2014 3:24am
Hi trader do you have anyone synergy-pro-tdi please I need it
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