DislikedI enter on next candle, after that red, and TDI green line cross ride line, but this is false signal... Why? What im doing wrong? {image}Ignored
Come tomorrow, I'll wake up new
- #60,402
- Sep 8, 2015 10:12am Sep 8, 2015 10:12am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
I Have Learned to Take Some Losses to Make Profits
- #60,405
- Sep 8, 2015 11:41am Sep 8, 2015 11:41am
{quote} Lupo, Using 200EMA to filter TMS signals is a good way to go whilst you're learning. - TMS BUY signals are higher probability when PA is ABOVE the 200EMA - TMS SELL signals are higher probability when PA is BELOW the 200EMA In short, trading AWAY FROM any moving average generally gives better odds. I have been studying TMS for a while now and personally, I will still trade towards the 200EMA IF I have a strong signal (reinforced by Price Action), and particularly, if there is space to run from my entry to the EMA. See example of a successful...
Nice trade Ballistical and a brilliant, clear and concise explanation of the reasoning. This is worth printing and keeping to hand. Remember the market has a habit of repeating itself 
Never argue with a fool; onlookers may not be able to tell the difference.
- #60,408
- Edited 1:12pm Sep 8, 2015 1:01pm | Edited 1:12pm
- Joined Sep 2008 | Status: Verry good | 1,267 Posts
I enter on next candle, after that red, and TDI green line cross ride line, but this is false signal... Why? What im doing wrong? {image}
The problem is repainting old TDI indi. Download any later edition from the powerclip here or use Synergy Tdi for more useful (or not
) lines. Need screenshots?
Just an opinion. Based on research
{quote}
On the subject of these things repeating themselves, I noted the large pullback at LO+1 following the huge drop we saw over FO/LO due to profit-taking... something I learnt from you
It's slowly piecing together... {quote} Balilstical if I was trading of a 4 hour chart do the same rules apply as you have explained above for a 1hour chart.
Yes absolutely. Always safest to trade away from the moving averages, regardless of the timeframe. All of the candle patterns & price action concepts can be applied across all timeframes. In fact, they tend to be more reliable on the higher timeframes.
Note that to apply the equivalent H1 200EMA onto an H4 chart, you'll need to use the 50EMA, not the 200EMA.
(200 x 60Mins) / 240Mins = 50EMA
It's an important institutional level that acts as support/ resistance as well as an effective trend indicator. It is that all important PA confirmation we should be looking for with the TMS crosses.
See the current 4H chart for EURAUD with the 50EMA added. I have highlighted the four most recent, valid TMS signals rejected from this moving average. 1 didn't really go anywhere. 3 were good for some profits. In fact, all of the recent major upward trends were directly following rejections from the moving average. Looking for these specific rejection signals also filters out many false TDI crosses.
Emmanuel and Omonisha are far more experienced than me on H4 so they can probably advise more on this.
Hope that helps.
Ballistical
Focus on the process and the profits will follow
- #60,410
- Sep 8, 2015 1:07pm Sep 8, 2015 1:07pm
- Joined Sep 2008 | Status: Verry good | 1,267 Posts
Just an opinion. Based on research
- #60,411
- Sep 8, 2015 1:19pm Sep 8, 2015 1:19pm
- Joined Sep 2008 | Status: Verry good | 1,267 Posts
Just an opinion. Based on research
- #60,412
- Sep 8, 2015 1:46pm Sep 8, 2015 1:46pm
- Joined Dec 2013 | Status: Trader | 1,680 Posts
{quote} Lupo, Using 200EMA to filter TMS signals is a good way to go whilst you're learning. - TMS BUY signals are higher probability when PA is ABOVE the 200EMA - TMS SELL signals are higher probability when PA is BELOW the 200EMA In short, trading AWAY FROM any moving average generally gives better odds. I have been studying TMS for a while now and personally, I will still trade towards the 200EMA IF I have a strong signal (reinforced by Price Action), and particularly, if there is space to run from my entry to the EMA. See example of a successful...
Took 50 pips on GJ at NYO ending the day with 150 pips EA short at LO and GU long 50 + 50 each {image}
. Was a good action day.
Sad i'm not trying to understand PA
- #60,416
- Sep 8, 2015 3:44pm Sep 8, 2015 3:44pm
{quote} Hello, Sk! The problem is repainting old TDI indi. Download any later edition from the powerclip here or use Synergy Tdi for more useful (or not
- #60,418
- Sep 8, 2015 4:20pm Sep 8, 2015 4:20pm
- Joined Sep 2008 | Status: Verry good | 1,267 Posts
{quote} Thanks... Can you tell me where i can download new TDI?
Just an opinion. Based on research
