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  • #59,701
  • Aug 18, 2015 7:53pm Aug 18, 2015 7:53pm
Quoting emmanuel7788
GBPUSD D1 chart trading for Week 34 August 17 to 21. {image} I have buy positions open so I am bias....

GBPUSD Week 34 D1 chart update:

Its Buy only today and good for 70pips when it re-test 1.5717... yesterday' high.
More upside move...


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD week 34 D1 chart update 19Aug.png Size: 103 KB


Be careful with H1 London session today as usual ... you cannot see those "hidden gems" on naked charts.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,702
  • Aug 18, 2015 8:20pm Aug 18, 2015 8:20pm
EURCAD week 34 D1 chart 19 Aug:

Some TDI crosses are not good to trade as setup.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD week 34 D1 chart 19 Aug.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,703
  • Aug 18, 2015 10:09pm Aug 18, 2015 10:09pm
Quoting emmanuel7788
EURCAD week 34 D1 chart 19 Aug: Some TDI crosses are not good to trade as setup. {image}

It is Uptrend too, wait to break last Low swing. Am I correct?
  • #59,704
  • Aug 18, 2015 10:35pm Aug 18, 2015 10:35pm
Quoting emmanuel7788
{quote} Hi, It is very difficult to trade lower TF when market is in narrow range. Every trading method has its inherent weakness and in the case of TMS 5-Method, over use of the APB/HA and the TDI is a weakness when we do not see what is inside the price bar. The APB/HA candle body size may smooth the price but it also give us the false impression that the price is bullish when it is not and vice versa. The TDI is slow to response and rely on the parameter we set - the period and the price type. Why did I decide on sell this week? it is the Weekly...
Should we always go by last week candle for direction - no matter which TF we trade H1 or H4? I am a bit confused here.

In case of GBPUSD, it was bull and bear for last 5 candles, every week opposite of the previous week. If I followed previous week's direction, I would be picking wrong direction every following week. I must be missing something here. Do you look at HH/HL or LH/LL on D1/H4 at all before taking trade on H1?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 121 KB
Click to Enlarge Name: Screenshot2.png Size: 82 KB
  • #59,705
  • Aug 18, 2015 11:46pm Aug 18, 2015 11:46pm
Quoting farhad10
E/CAD DIV - Formed in daily TF WE can count the 0.0 Fibo as end of wave 5 So Fibo 23 and 38 are predictable for this pair. Happy trading . Regards {image}
Decided to take my profit partially .
+28 pips

But my prediction is still the same
Why ?

1. end of wave 5
2. div - is formed
3. both of 50 and 200 Ma's start going south
4. Green, Red and Mbl are coming down from 68 level

will enter again for short .

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD#M30.png Size: 72 KB
  • #59,706
  • Aug 18, 2015 11:49pm Aug 18, 2015 11:49pm
Quoting emmanuel7788
EURCAD week 34 D1 chart 19 Aug: Some TDI crosses are not good to trade as setup. {image}
Hi emmanuel

What is your idea about my reasons in above post about E/Cad?

Regards
  • #59,707
  • Aug 19, 2015 12:08am Aug 19, 2015 12:08am
Thanks for sharing
  • #59,708
  • Aug 19, 2015 12:43am Aug 19, 2015 12:43am
Quoting dewdrops
{quote} Should we always go by last week candle for direction - no matter which TF we trade H1 or H4? I am a bit confused here. In case of GBPUSD, it was bull and bear for last 5 candles, every week opposite of the previous week. If I followed previous week's direction, I would be picking wrong direction every following week. I must be missing something here. Do you look at HH/HL or LH/LL on D1/H4 at all before taking trade on H1? {image} {image}
Hi dewdrops

While we wait for EMU to reply . Here how i'm looking at GBPUSD at this moment
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-D1_Analysis.png Size: 129 KB
Sad i'm not trying to understand PA
  • #59,709
  • Aug 19, 2015 2:25am Aug 19, 2015 2:25am
  •  313
  • | Joined Jun 2015 | Status: Strive and Overcome! | 46 Posts
Quoting omonisha
{quote} Hi dewdrops While we wait for EMU to reply . Here how i'm looking at GBPUSD at this moment {image}
Hi os, what do you think about em GU candle from tuesday it's enough convince him that market will bullish?
and monday candle is bearish too..
  • #59,710
  • Aug 19, 2015 2:44am Aug 19, 2015 2:44am
Quoting 313
{quote} Hi os, what do you think about em GU candle from tuesday it's enough convince him that market will bullish? and monday candle is bearish too..
Hi 313

For me there is no clear direction at this moment. Price is side ways stuck inside the box. We see a BUOB yesterday indicating a bullish bias. But it is formed near the top of the box closing back inside the box. Now if i want to trade long of this bar on a pullback/retrace then i will be facing the top line of the box with a small space for price to move. I may got caught in whipsaw. I'd rather wait to see price clearing the box to move forward and wait for a pullback/retrace to trade long targeting the next level.

just my view
Sad i'm not trying to understand PA
  • #59,711
  • Aug 19, 2015 2:48am Aug 19, 2015 2:48am
  •  313
  • | Joined Jun 2015 | Status: Strive and Overcome! | 46 Posts
Quoting omonisha
{quote} 'd rather wait to see price clearing the box to move forward and wait for a pullback/retrace to trade long targeting the next level. just my view..
Hmm thx os...
  • #59,712
  • Aug 19, 2015 3:34am Aug 19, 2015 3:34am
E/J M30 with confirmation of H4

Take a trade with +25 pips
The reasons in the pic.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY#M30.png Size: 83 KB
  • #59,713
  • Aug 19, 2015 3:47am Aug 19, 2015 3:47am
Quoting emmanuel7788
EURCAD week 34 D1 chart 19 Aug: Some TDI crosses are not good to trade as setup. {image}
may i know ur reason why u said ' theres is no bearish reversal' in that picture . I mean , the price cant break MN swings level , so we should be selling right?
Take What You Can , Give Nothing Back
  • #59,714
  • Aug 19, 2015 3:47am Aug 19, 2015 3:47am
Good morning folks.
Sorry I overslept and took my time to enjoy my breakfast.
Looks like some of you have fun with H1 trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,715
  • Aug 19, 2015 3:50am Aug 19, 2015 3:50am
Quoting Donquixote
{quote} may i know ur reason why u said ' theres is no bearish reversal' in that picture . I mean , the price cant break MN swings level , so we should be selling right?

look at the Monthly, then the Weekly.
Is there a bearish price action seen in the weekly? At minimum, I want to see two candles for a bearish reversal.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,716
  • Aug 19, 2015 3:51am Aug 19, 2015 3:51am
Quoting farhad10
E/J M30 with confirmation of H4 Take a trade with +25 pips The reasons in the pic. Regards {image}

Good trade!
Do you sell now?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,717
  • Aug 19, 2015 3:55am Aug 19, 2015 3:55am
Quoting omonisha
{quote} Hi dewdrops While we wait for EMU to reply . Here how i'm looking at GBPUSD at this moment {image}

very good clean chart... no TDI, no APB/HA. Simple price action trading.

Breaking July' High would be good for CONTINUATION.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,718
  • Aug 19, 2015 4:01am Aug 19, 2015 4:01am
Quoting farhad10
E/CAD DIV - Formed in daily TF WE can count the 0.0 Fibo as end of wave 5 So Fibo 23 and 38 are predictable for this pair. Happy trading . Regards {image}

We have 3 bullish months and still is bullish but losing some momentum.
The Divergence is there but many divergence will fade away when market go sideways.
Short term trading can sell the correction.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,719
  • Aug 19, 2015 4:10am Aug 19, 2015 4:10am
Quoting emmanuel7788
{quote} Good trade! Do you sell now?

No
there are two supp toward sell trade
1. DOL
2. prev D low

+ H4 not confirmed SELL trade !

If break no 1, 2 with good momentum, YES I SELL for 136.90 that is Fib 50 !

Thanks for reply Emman
Regards
  • #59,720
  • Aug 19, 2015 4:12am Aug 19, 2015 4:12am
Quoting dewdrops
{quote} Should we always go by last week candle for direction - no matter which TF we trade H1 or H4? I am a bit confused here. In case of GBPUSD, it was bull and bear for last 5 candles, every week opposite of the previous week. If I followed previous week's direction, I would be picking wrong direction every following week. I must be missing something here. Do you look at HH/HL or LH/LL on D1/H4 at all before taking trade on H1? {image} {image}

when market is narrow range sideways, it become more difficult to trade TMS 5-Method.
When you pick the Weekly candle and use to form a bias, you then look at where the support and resistance are and look at H4 for trade setups. This way, you will avoid selling into support and buying into resistance. Remember the previous Week OHLC are your support and resistance. Look at the recent swing highs and swing lows on H4, use the APB/HA colour change to help see the swings lows/highs. The APB/HA candle count per swing is the basic rule we must always remember. Each swing average run 3 to 8 candles.
Remember post#647.

The PA is #1, then the TDI is #2.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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