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TMS for M30 charts

  • #7,821
  • Sep 11, 2015 7:37am Sep 11, 2015 7:37am
Quoting siboneloz
hi everyone, would someone be kind enough to explain the ADR to me? i see it on my current USDJPY saying ADR: 45.3% and today 135. but what do those numbers mean in noob terms? how does indicator aler my decision to buy or sell? thank
Hi Sib
It does not indicate buy or sell but gives you heads up.
UJ ADR is about 110. Example day open at 20.10 and went to 2080 then one can conclude 80% of the move roughly on bull side has already taken place hence going long after 80% of daily ADR has less probability to succeed.Its a great way to quickly see that being late buyer or seller does not have good probability to succeed.
Take also into account that during high impact news or fundemetal factor like recent Chinese stock market crash pairs can travel 5 times the distance.Recent crazy moves on G pairs were in 1k move in 1day.
Does not happen often but one should be aware of fundies and news always.
In trading, you have to be defensive and aggressive at the same time
  • #7,822
  • Sep 11, 2015 8:07am Sep 11, 2015 8:07am
Quoting Davit
{quote} Hi Sib It does not indicate buy or sell but gives you heads up. UJ ADR is about 110. Example day open at 20.10 and went to 2080 then one can conclude 80% of the move roughly on bull side has already taken place hence going long after 80% of daily ADR has less probability to succeed.Its a great way to quickly see that being late buyer or seller does not have good probability to succeed. Take also into account that during high impact news or fundemetal factor like recent Chinese stock market crash pairs can travel 5 times the distance.Recent...
Thanks for the answer Davit, highly appreciated
  • #7,823
  • Sep 11, 2015 8:23am Sep 11, 2015 8:23am
Quoting awcharts
If at all possible, can I just use exactly what you have (the two tpl in post 7809). I know I can do this myself but for some reason the length and width of my candle ratios are a bit off so could you PM me with yours or let me know where you have shared these two tpls. previously? Thx.
if you click on Likica's name it will open a profile page, in which is a files list, have a look through there and you might find what you are looking for. It's the same for every person here in FF, the files we upload are listed on that page >> trust you don't mind my sticking my nose in Likica
"You know what needs to be addressed , completely completely reverse that".
  • #7,824
  • Sep 11, 2015 8:23am Sep 11, 2015 8:23am
Quoting likica
{quote} Your chart look too busy...unless it (too many indies) gives you good and consistent result..., you seriously need to consider changing its look for more relaxing ... for a lot of traders, trading itself is very stressful already... btw, EU too bullish to go short (TDI H1>68), sellers not ready yet, if seeing price turned down on smaller TF, it profit taking...there are a lot of bearish pins bars where price keeps going higher but TDI is making lower lows, telling us buyers are running out of steam but sellers not ready yet, wait for it...

Went short on eu, EA, EJ, EG : price reverse shortly. hit SL. mostly at BE.
Went back long on EG, just closed with +30 pips.

went short / long other US pairs such as GU, AU and UG, UC allow me to end my day with positive pips.

time to relax and enjoy the weekend.
  • #7,825
  • Sep 11, 2015 11:06am Sep 11, 2015 11:06am
GC shorted from 490 50
closed at 458 +74pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM15.png Size: 33 KB
In trading, you have to be defensive and aggressive at the same time
  • #7,826
  • Sep 11, 2015 12:32pm Sep 11, 2015 12:32pm
Quoting Davit
GC shorted from 490 50 closed at 458 +74pips {image}


I still there looking for more pips on that monster.maybee next week.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #7,827
  • Edited 8:48pm Sep 11, 2015 8:34pm | Edited 8:48pm
Hi Likica,

This is from your post #721.

My 'work station' including:
+ 1st monitor where I have AU GU EU EA GA m30 up,
+ 2nd where I search around other pairs (quick tips: look at 10ema dashboard and TDI angleator for same color) and be at your pc at the right time before any Open (FO, LO, NY). if you are ok with small move TOK can be ok for small bag.

I looked at the ARJUN 10 EMA dash board and found AJ mostly with blue arrow. so, now I am looking for an short opportunity?
Or do you actually try to match up the blue EMA with TDI Anglelator blues and look for a long opportunity?


For EJ, if the PA drops below the pink horizon line and TDI green separates more, is this a good set up?
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.PNG Size: 75 KB
  • #7,828
  • Sep 11, 2015 8:40pm Sep 11, 2015 8:40pm
EU short?

But I am not liking the PA, the signal candle does not have a decent size body and price seems to be hanging flat in that area. I am guessing this is not ideal?
Attached Image (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 77 KB
  • #7,829
  • Edited 3:37am Sep 12, 2015 3:05am | Edited 3:37am
Quoting awcharts
Hi Likica, This is from your post #721. My 'work station' including: + 1st monitor where I have AU GU EU EA GA m30 up, + 2nd where I search around other pairs (quick tips: look at 10ema dashboard and TDI angleator for same color) and be at your pc at the right time before any Open (FO, LO, NY). if you are ok with small move TOK can be ok for small bag. I looked at the ARJUN 10 EMA dash board and found AJ mostly with blue arrow. so, now I am looking for an short opportunity? Or do you actually try to match up the blue EMA with TDI Anglelator blues...
Awchart,

EJ looks bullish (price keeps making higher highs), wait for it to retrace to go long when TDI and APB confirmed, not worth it to go counter trend since it too bullish (look at H4 TDI on your chart where it crawling around 68 level). Take off guppy and put 50MA up and you will see price has been going along with some small retracements.

You might ask what about divergence since there were a few came up? As mentioned a few times in my previous posts, no divergence works when H1 TDI>68 or <32. When a pair is trending, look for hidden divergence off S/R with TDI signal to go with the trend.

I put on Synergy_Pro_APB for noobs to see with a better view where the yellow bridge crawling along 50MA...u need to be comfortable with what ever indies you use to be able to get the best out of them. I use clear charts more often as I can see real price open and close as I am very aggressive with G's pairs (in and out within 1/2hr to 2 hrs max)

I don't pay attentions to TMS 10EMA dashboard nor TDI Angleator, however, they are very useful for quick glance and yes it s safe to go in a trade with those support (buy only when all arrow blue/green and sell only when all arrows are red and of course when TDI APB confirmed).

Important to pay attention to price to see where last swing high/low is, did it make higher or lower? is support/ resistant nearby? what did price do previously around those S/R levels,...what else can be treated as basis fx? tell me...

When you can't see clear PA that means it's in choppy zone, best and safe to stay out!

Now, pls take a look at EU and do the same analysis to ask yourself if it good and sound to go short?

I noted that EJ EU don't give me good signals everyday like EA GA GJ and sometimes, it'd better not to get in if it s not within our plan/rules ( you should have a trading plan if you have not had one) Don't get in a trade and worried since it did not meet all your rules in the first place, that cause stresses. Delete anything (indies) off your charts if they are not contributing to your decisions to get in and stay with your trades.


Hope all makes sense.

Have a nice weekend.
Lkc
Attached Image (click to enlarge)
Click to Enlarge Name: 12.9.15 EJ M30 view.png Size: 88 KB
Appreciation is the key to wealth and happiness
  • #7,830
  • Sep 12, 2015 9:03am Sep 12, 2015 9:03am
Likica,

Here is my view on EU.

Starting with H4, TDI just broke above 68, strong up trend. So, not looking for any short positions.
H1, there is bearish divergence but TDI is above 68 so it wont likely work. Look for Hidden bearish divergence where there is lower highs on PA and higher highs on TDI (there isn't any).
The last 4h chart shows that PA broke above the last resistance (on Sept 1st). bullish.

So, my analysis is not to look for any short positions and if TDI green and APB confirms another buy, then go long.

Please do tell me if I have missed anything. I very much appreciate your education.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU h4.PNG Size: 69 KB
Click to Enlarge Name: EU h1.PNG Size: 74 KB
Click to Enlarge Name: EU r.PNG Size: 79 KB
  • #7,831
  • Sep 12, 2015 9:11am Sep 12, 2015 9:11am
Quoting awcharts
Likica, Here is my view on EU. Starting with H4, TDI just broke above 68, strong up trend. So, not looking for any short positions. H1, there is bearish divergence but TDI is above 68 so it wont likely work. Look for Hidden bearish divergence where there is lower highs on PA and higher highs on TDI (there isn't any). The last 4h chart shows that PA broke above the last resistance (on Sept 1st). bullish. So, my analysis is not to look for any short positions and if TDI green and APB confirms another buy, then go long. Please do tell me if I have...
Hi Awcharts
I think you are overthinking in a way that is not helpful.What LK said " is support/ resistant nearby?"
Well it is look left.My 1st instinct when I look at the chart is Bull side does not look good coupled with Feds week most likely majors will get hit hard.
Once that is established all the other details are secondary.
I suggest you trade NONE usd pairs next week like EG AC AN etc.Lot safer from USD slaughter.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 37 KB
In trading, you have to be defensive and aggressive at the same time
  • #7,832
  • Sep 12, 2015 9:18am Sep 12, 2015 9:18am
From fundemetal point of view Draghi and ECB want weaker Euro.They love it at present range.
For Euro to break higher and continue higher requires fundemetal shift which is missing from ECB.
In my view we are heading south again 1.10 and even 1.08 again.Should Feds raise IR this move can be very quick within an hour even.
The 117 was caused by money flowing out of Chinese stock crash into the Euro and GBP and was short lived.To me it is not reflection of Euro strength
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 41 KB
In trading, you have to be defensive and aggressive at the same time
  • #7,833
  • Sep 12, 2015 9:22am Sep 12, 2015 9:22am
Hi Davit,
wouldnt my h4 chart be more of a "near by" than your daily chart?
I know we cant ignore the news and the possibility of Fed hiking rates but if we put that aside just for my learning purpose, how would you interpret my last h4 chart? wouldnt the PA reflect that EU broke the most recent resistance?

thanks for your time.
  • #7,834
  • Sep 12, 2015 9:25am Sep 12, 2015 9:25am
Quoting awcharts
Hi Davit, wouldnt my h4 chart be more of a "near by" than your daily chart? I know we cant ignore the news and the possibility of Fed hiking rates but if we put that aside just for my learning purpose, how would you interpret my last h4 chart? wouldnt the PA reflect that EU broke the most recent resistance? thanks for your time.
H4
EU did not break any recent R
You are not gonna learn trading overnight.My best advise type less and observe more.What LK said seemed overflew your head.She took her time to explain a lot.Best you can do is digest the info and observe what is taking place.
If you continue posting without thinking I am afraid I may have to put you on my ignore list.

By the way H4 R is same as daily but daily shows same level R was reached at least 4times prior hence makes it strong R
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 29 KB
In trading, you have to be defensive and aggressive at the same time
  • #7,835
  • Sep 12, 2015 10:26am Sep 12, 2015 10:26am
Quoting Davit
{quote} H4 EU did not break any recent R You are not gonna learn trading overnight.My best advise type less and observe more.What LK said seemed overflew your head.She took her time to explain a lot.Best you can do is digest the info and observe what is taking place. If you continue posting without thinking I am afraid I may have to put you on my ignore list. By the way H4 R is same as daily but daily shows same level R was reached at least 4times prior hence makes it strong R {image}
Davit
I respect the way you trade. I am simply trying to learn from all who has the knowledge that I lack. I do not believe I have posted anything that might prompt your negative response. I am sure many have a hard time like I am. If my comment somehow upset you, I do not know why. It was a simple question because I truly thought PA did break the resistance. And you are right, I cant learn this overnight. Its been a few years and I have lots to learn.
  • #7,836
  • Sep 12, 2015 2:19pm Sep 12, 2015 2:19pm
Quoting awcharts
Likica, Here is my view on EU. Starting with H4, TDI just broke above 68, strong up trend. So, not looking for any short positions. H1, there is bearish divergence but TDI is above 68 so it wont likely work. Look for Hidden bearish divergence where there is lower highs on PA and higher highs on TDI (there isn't any). The last 4h chart shows that PA broke above the last resistance (on Sept 1st). bullish. So, my analysis is not to look for any short positions and if TDI green and APB confirms another buy, then go long. Please do tell me if I have...
GM from Melbourne on Sunday [email protected] AEDT (I never woke up so early on Sunday, just happened to be today, feel so fresh and peaceful....)
I am having breakie and spotted your posts and Davit's.
I sense you have been working hard and I admire your determination.
It's a good habit to be prepared for the week (both FA & TA).

Davit has his strong FA sense and I do have mine which happened to be TA and who is opened to learn from both is the one benefit. Saying that does not mean I don't have more to learn.

Back to TA view, yes EU is bullish both m30 to D1 (price keeps making higher highs) I would check D1& H4 for any S/R nearby, and yes it s now at S/R ( note that price normally go thru S/R and reverse (stop hunting from MMs).

I tell you a secret why I put both 200ma and 50ma on my m30 charts...when price moved further from those lines, it must come back (retrace) before it heads back to its current trend again (which EU M30 view at the moment) and it will match with fundie (Davit's view).

Lots of times, traders spotted me doing counter trend and successful. It's not easy if you are not sure where to get out and not being too greedy...
So why not do the easy one by buying dips at S/R on EU. Concentrate on M30 & H1, reading PA and go from there. As a day trader, looking at too many TFs can make a trader overwhelmed and confused (unless you intend to hold your position overnight or few days).

If you have both FA view and get in the moment TA give us a signal (can be either long or short) and know when to exit your trade which can be a small bag or big bag and be happy with it, you are in the zone. Try not to compare your EU bag with my bag given from EA GA (in pips wise) or you try to compare apples with bananas and ask why they are not the same.

Will have to stop here for now...
Enjoy the weekend.
L
Appreciation is the key to wealth and happiness
  • #7,837
  • Sep 12, 2015 2:45pm Sep 12, 2015 2:45pm
I repost this EU chart (taken on Monday 10th Aug) for your reference Awcharts, as I have a feeling the same senario might repeat on Monday....before it goes back up
Attached Image (click to enlarge)
Click to Enlarge Name: 10.8.15 EU M30 short@7.33pm aedt +25.png Size: 111 KB
Appreciation is the key to wealth and happiness
  • #7,838
  • Sep 12, 2015 3:42pm Sep 12, 2015 3:42pm
I m reviewing EA GA and sharing why I chose to enter EA long off DOL and green S/R and not GA on last Friday. Hope you figure out why...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 9.9.15 EA M30 DIV (big move).png Size: 81 KB
Click to Enlarge Name: 9.9.15 GA M30.png Size: 77 KB
Appreciation is the key to wealth and happiness
  • #7,839
  • Sep 12, 2015 6:15pm Sep 12, 2015 6:15pm
GM Likica,

I see long bottom wicks and appears to be the support level after PA broke through what looked like the resistance a day ago.
PA broke above the short term trend line and formed PCRF pattern.
-PA pieced through the 200 day MA but couldnt go through 50 day MA.
-there is also hidden bullish divergence.

(I still struggle with how to properly draw these divergence lines. I see sometimes your lines maybe on top or below in the same chart. I thought the proper way is to draw top vs. top and bottom vs. bottom).

enjoy your Sunday!
Attached Image (click to enlarge)
Click to Enlarge Name: EA.PNG Size: 69 KB
  • #7,840
  • Sep 12, 2015 7:52pm Sep 12, 2015 7:52pm
Looking at UC.
It has a hidden bullish divergence
trend is up
H4 TDI not in over bought area
some long wicks at the bottom
above DOL
above recent trend line
bounced off 200 MA and above 50 MA.

Two negatives:
PA is approaching the top downward trend line highlighted in blue
H1 DTI has not crossed yet.
Attached Image (click to enlarge)
Click to Enlarge Name: UC.PNG Size: 83 KB
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