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TMS for M30 charts

  • #6,921
  • Aug 18, 2015 9:39pm Aug 18, 2015 9:39pm
Quoting allisonmagic
{quote} some bullish divergence on sto and tdi as well
Agree I am bullish on commodity pair like UC in multiple positions.UC going down means in general AU NU UJ gaining as well.Its not exact but correlation is there.
Out of all pairs UC is most oversold.(meaning Canadian dollar sold)

Love to see EG at 70-6980-70 to build solid long positions
In trading, you have to be defensive and aggressive at the same time
  • #6,922
  • Aug 18, 2015 9:45pm Aug 18, 2015 9:45pm
As you can see there is a massive drop on EG and I am not sure the Bear move is exhausted.Tentative tiny bull action but not convincing.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM30.png Size: 40 KB
In trading, you have to be defensive and aggressive at the same time
  • #6,923
  • Aug 18, 2015 9:49pm Aug 18, 2015 9:49pm
As you already noticed I love pairs that travel less and range
EG UC AC few good examples.
I have milked EG this year on every swing.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily.png Size: 45 KB
In trading, you have to be defensive and aggressive at the same time
  • #6,924
  • Aug 18, 2015 10:14pm Aug 18, 2015 10:14pm
nice pips
Attached Image (click to enlarge)
Click to Enlarge Name: sean.png Size: 34 KB
  • #6,925
  • Aug 18, 2015 11:14pm Aug 18, 2015 11:14pm
GU has been ranging since June
capping out around 5720.Something to keep in mind.Its getting close
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 40 KB
In trading, you have to be defensive and aggressive at the same time
  • #6,926
  • Aug 18, 2015 11:41pm Aug 18, 2015 11:41pm
Quoting Davit
{quote} Keep in mind that HA H4 candle can be bull but on 30min chart can move 50pips or more counter before it changes Bear.Trading 30min chart no HA candles is necessary in my opinion.On H4 and Daily where TMS is based there is relevancy. Less you depend on indicators the better.Reduce only to essentials.It is hard to see exact Price Action on HA candles and this is very important on 30min. Regards
If you look carefully at HA candles and compare them to japanese candles, they don't actually hide the PA they show when that PA is confirmed. That's why they keep people in longer because they don't make them jump at every candle pattern that is coming up, they only turn a different colour when the candle pattern is confirmed. If you see for instance a pin bar yes its a sign it could turn around, but the colour will stay the same until the next candle confirms the pin bar.

I have always traded on the smaller timeframes by not taking a counter trade until the htf looks like its starting to turn, it is something that I learned from someone's thread that was a great trader but sadly no longer posts and thats how he always managed to have a tiny stop loss with every trade and never had to add to a losing trade but added to winning trades only, a bit like the way omonisha does it although he didn't use the TDI only moving averages. By looking at the htf HA along with the htf TDI I can see if the trade I take on the lower timeframe is worth taking or not.
  • #6,927
  • Aug 18, 2015 11:48pm Aug 18, 2015 11:48pm
Quoting Dimi
{quote} hey lastingwell would you be able to post your MTF TDI as the one i have has never worked Thanks
There are several out there, this is the one I use at the moment purely because it has an alarm on it.
Attached File(s)
File Type: ex4 TDI_mtf+alerts b600+ (1).ex4   43 KB | 379 downloads
File Type: mq4 TDI_mtf+alerts b600+ (1).mq4   20 KB | 415 downloads
  • #6,928
  • Aug 19, 2015 12:00am Aug 19, 2015 12:00am
Quoting lastingwell
{quote}If you look carefully at HA candles and compare them to japanese candles, they don't actually hide the PA they show when that PA is confirmed. That's why they keep people in longer because they don't make them jump at every candle pattern that is coming up, they only turn a different colour when the candle pattern is confirmed. If you see for instance a pin bar yes its a sign it could turn around, but the colour will stay the same until the next candle confirms the pin bar. I have always traded on the smaller timeframes by not taking a...
Good points on Higher TF.Most of my analyses is based on HTF.Generally good observations.I slightly disagree that HC candles react to patterns.They don't.They react to previous candle open and close high and low.There is no pattern recognition.

1- Open price: the open price in a Heikin-Ashi candle is the average of the open and close of the previous candle.
2- Close price: the close price in a Heikin-Ashi candle is the average of open, close, high and low prices.
3- High price: the high price in a Heikin-Ashi candle is chosen from one of the high, open and close price of which has the highest value.
4- Low price: the low price in a Heikin-Ashi candle is chosen from one of the low, open and close price of which has the lowest value.
So candles of a Heikin-Ashi chart are related to each other because the open price of each candle should be calculated using the previous candle close and open prices, and also the high and low price of each candle is affected by the previous candle. So a Heikin-Ashi chart is slower than a candlestick chart and its signals are delayed

If it works for you then continue. I guess I am a black sheep.I have aversion to it.
regards
In trading, you have to be defensive and aggressive at the same time
  • #6,929
  • Aug 19, 2015 12:05am Aug 19, 2015 12:05am
I put on these trades before I left home for my dad's appointment for hearing aids, just got back home and got my deliveries from GA EA
Here are snapshots before and after. Hope I don't have to say more for the reason for my trades
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 19.8.15 GA M30 HL HH long@ tok.png Size: 96 KB
Click to Enlarge Name: 19.8.15 EA M30 HL HH long@ tok.png Size: 77 KB
Click to Enlarge Name: 19.8.15 GA EA long@ tok, ++.png Size: 143 KB
Appreciation is the key to wealth and happiness
  • #6,930
  • Aug 19, 2015 12:15am Aug 19, 2015 12:15am
Quoting likica
I put on these trades before I left home for my dad's appointment for hearing aids, just got back home and got my deliveries from GA EA Here are snapshots before and after. Hope I don't have to say more for the reason for my trades {image} {image} {image}
beautiful
In trading, you have to be defensive and aggressive at the same time
  • #6,931
  • Aug 19, 2015 12:20am Aug 19, 2015 12:20am
Quoting Davit
{quote} Good points on Higher TF.Most of my analyses is based on HTF.Generally good observations.I slightly disagree that HC candles react to patterns.They don't.They react to previous candle open and close high and low.There is no pattern recognition. 1- Open price: the open price in a Heikin-Ashi candle is the average of the open and close of the previous candle. 2- Close price: the close price in a Heikin-Ashi candle is the average of open, close, high and low prices. 3- High price: the high price in a Heikin-Ashi candle is chosen from one of...
No there is not candle recognition as such thats not what I meant but they are only delayed because they don't show what might happen they are showing what is happening thats the difference so it entirely depends on what you want to see and is why people get to stay in trends longer with them.
  • #6,932
  • Aug 19, 2015 12:28am Aug 19, 2015 12:28am
Quoting Davit
{quote} Agree I am bullish on commodity pair like UC in multiple positions.UC going down means in general AU NU UJ gaining as well.Its not exact but correlation is there. Out of all pairs UC is most oversold.(meaning Canadian dollar sold) Love to see EG at 70-6980-70 to build solid long positions
Yup, nice J hook forming on EG. Can we associate EG with anything ?
  • #6,933
  • Aug 19, 2015 12:30am Aug 19, 2015 12:30am
Quoting lastingwell
{quote} No there is not candle recognition as such thats not what I meant but they are only delayed because they don't show what might happen they are showing what is happening thats the difference so it entirely depends on what you want to see and is why people get to stay in trends longer with them.
Like I said lot of traders feel its helping them to stay in trend as you say.That's fine.
I find personally it complicates how I see PA
Put HA on UC
30 Bull 1BULL H4 Bear Daily Bear Weekly Bull
Too many conflicting signals.I can see clearly pin Bar and rejection pattern on JC hence still staying Bear not getting out.To me its important seeing
PA undulated.
Based on HC I should of exited already...but I am still short
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #6,934
  • Aug 19, 2015 12:32am Aug 19, 2015 12:32am
Quoting lastingwell
{quote}If you look carefully at HA candles and compare them to japanese candles, they don't actually hide the PA they show when that PA is confirmed. That's why they keep people in longer because they don't make them jump at every candle pattern that is coming up, they only turn a different colour when the candle pattern is confirmed. If you see for instance a pin bar yes its a sign it could turn around, but the colour will stay the same until the next candle confirms the pin bar. I have always traded on the smaller timeframes by not taking a counter...

What do you consider "standard" or " typical " of a HTF in your strategy ?
  • #6,935
  • Aug 19, 2015 12:38am Aug 19, 2015 12:38am
Quoting Davit
GU has been ranging since June capping out around 5720.Something to keep in mind.Its getting close {image}
HA says it's still bullish lol
  • #6,936
  • Edited 12:54am Aug 19, 2015 12:41am | Edited 12:54am
Which of these 2 charts give you clear signals?
UC H1

On left based on HC candle bull momentum is still going
on JC we can see that Price hit 10EMA got rejected and we got 2 bear candles LL
In terms of information HC gives you not much however on JC at minimum is telling you PA may reverse
Guys like I already said do as what works for you.Everyone is different.I am done about HC
made close to 40% return this month without HC candles...and not going to change now
Attached Images
In trading, you have to be defensive and aggressive at the same time
  • #6,937
  • Edited 12:57am Aug 19, 2015 12:44am | Edited 12:57am
Quoting allisonmagic
{quote} HA says it's still bullish lol
Actually no, there is a top and bottom wick.
  • #6,938
  • Aug 19, 2015 12:53am Aug 19, 2015 12:53am
Quoting Davit
Which of these 2 charts give you clear signals? UC H1 On left based on HC candle bull momentum is still going on JC we can see that Price hit 10EMA got rejected and we got 2 bear candles LL {image} {image}
Thats where we need to read them properly just as you have to with japanese candlesticks, a reversal candle looks like a doji (3rd from right on the HA chart and a bullish engulfing on the japanese chart) a bullish trend candle has a large body but with no lower wick so the chart is not showing bullish momentum its showing that after the reversal candle bullish momentum is slowing which is exactly what they other one shows at this precise moment, theres a possibility it could go back down but its not confirmed yet and when it is, the ha will turn red.
  • #6,939
  • Aug 19, 2015 12:54am Aug 19, 2015 12:54am
Quoting allisonmagic
{quote} What do you consider "standard" or " typical " of a HTF in your strategy ?
Sorry not sure what you are asking?
  • #6,940
  • Aug 19, 2015 1:01am Aug 19, 2015 1:01am
Quoting Davit
I am done about HC made close to 40% return this month without HC candles...and not going to change now {image} {image}
I think you misunderstand me, I'm not asking you or anyone else to change, everyone should trade as they want to just trying to put to rest the argument that HA hides PA.
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