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  • #2,261
  • Nov 30, 2015 5:07pm Nov 30, 2015 5:07pm
Hey guys,

Some charts for discussion. What's your view?

Here's mine but feel free to have another one!

(ignore the sunday candle and keep in mind it slightly changes the TDI angles)

USDJPY D1

We're seeing a TDI cross with colour change. I notice a hidden divergence on the TDI also and the retracement was very shallow. 06/15 close provided firm support. Candles have been small last two weeks but I could see a driver for increased momentum up ahead this week in US data. I think this is a candidate for position building in lower timeframes with 122.00 as S/L

EURGBP D1

Crossing down on open of new day. Nice hidden divergence on TDI but we are inside consolidation area as seen by MC. Could be risky following this one. We're selling right into 0.70 which is also an important historical region and swing lows in July. I'm staying on the sidelines for now

GBPJPY D1

Crossing up following the USDJPY cross bouncing off 02/15 close but we're in consolidation seen by MC. We did not cross EMA10 and previous reversal looked good off 09/15 High with PA. 20MA sloping down. I think this could be a retracement/consolidation in a move lower and look to sell high.

EURNZD D1

TDI crossing down in oversold territory and 20MA sloping back down. Nice bearish PA bar off 10EMA and closing below W1 MC3 Low. The pair has been in consolidation for a while but we're facing some important monthly closes below. I might look for a 4H sell as a continuation.

NZDUSD D1

Cross up with 20MA sloping up. However we're in consolidation seen in W1 MC and D1 MC. I will need to see a breakout of this 0.66 area or otherwise sell 1H/4H off the D1 MC High.



Good trading guys,
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  • #2,262
  • Nov 30, 2015 5:25pm Nov 30, 2015 5:25pm
you would be more effective not using acronyoms
  • #2,263
  • Nov 30, 2015 5:36pm Nov 30, 2015 5:36pm
Quoting OuterWest
you would be more effective not using acronyoms
I take it the acronym you are referring to is MC? It stands for Master Candle.

Best,
  • #2,264
  • Dec 1, 2015 2:50pm Dec 1, 2015 2:50pm
Hello,

Im looking into me/me trading for the d1 chart. I wonder if you guys, when already in a trade, open a extra trade per day if TMS tells you it's still good to be in the trade.
  • #2,265
  • Dec 1, 2015 5:08pm Dec 1, 2015 5:08pm
Hi,


I've taken two trades at midnight, EURUSD and EURJPY, both 2nd candle + good trendy candle, fine Cross 12-2 and some room to go up. Price closes both above MA(5) but also it's a counter-trend-trade...

regards
Attached Image(s) (click to enlarge)
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  • #2,266
  • Dec 1, 2015 5:38pm Dec 1, 2015 5:38pm
Yo brit pip where did you go? lol​
  • #2,267
  • Dec 7, 2015 8:05am Dec 7, 2015 8:05am
Hi there,

the last few weeks is studied the TMS original.

Then i found this thread. I will post the next demotrades and hope of more posts, opinions and a revived thread.

I feel certain to find a place to get help and help other people too.

best wishes

candle
"Repetition is the mother of skill"
  • #2,268
  • Dec 8, 2015 3:05am Dec 8, 2015 3:05am
Quoting Deichkind
Hi, I've taken two trades at midnight, EURUSD and EURJPY, both 2nd candle + good trendy candle, fine Cross 12-2 and some room to go up. Price closes both above MA(5) but also it's a counter-trend-trade... regards {image} {image}
Hey there, T!

I spotted the same setups at that time, but unlike you, I was afraid to go CT. The trend was very strong at that time. I am glad the trades worked out very well for you. Are you still in them, or you closed them?

Anyway, here is the bounce trade I spotted last night, and it hit my TP this morning, 140 pips.
EA, long, room to go up and test the resistance. What I would like to see after hitting the resistance is PA go back down, and give another good setup (there is much room to the support level, so there are a lot of pips on the table, if one decides to hold on to it for a couple of days).
Attached Image (click to enlarge)
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The running trade that can be seen is not from the D1.
  • #2,269
  • Dec 8, 2015 8:09am Dec 8, 2015 8:09am
Hi catalin,

in EURUSD I was stopped out at but EURJPY run into TP, so I get a little plus out of the trades...

Your EA-trade looks good , I've missed AUDUSD and AUDJPY yesterday at midnight, but think they are now in a SR-zone

regards
  • #2,270
  • Dec 8, 2015 9:30am Dec 8, 2015 9:30am
Quoting Deichkind
Hi catalin, in EURUSD I was stopped out at but EURJPY run into TP, so I get a little plus out of the trades... Your EA-trade looks good , I've missed AUDUSD and AUDJPY yesterday at midnight, but think they are now in a SR-zone regards
Hey Deichkind,

Great job on that profit!

I don't know if AUDUSD is already facing resistance. I can see it run the AWR towards 0.71? Ofcourse we don't really know but we'll see how it turns out.

I'm in AUDJPY trying to build some position.

Good trading guys! Let's get this thread started again

Best,
Attached Image (click to enlarge)
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  • #2,271
  • Dec 8, 2015 11:08am Dec 8, 2015 11:08am
Quoting Deichkind
Hi catalin, in EURUSD I was stopped out at but EURJPY run into TP, so I get a little plus out of the trades... Your EA-trade looks good , I've missed AUDUSD and AUDJPY yesterday at midnight, but think they are now in a SR-zone regards
It's good to know you are in profit on EJ.

To be honest, I did not see any trades yesterday, except my EA trade. The way I saw it yesterday, on AJ and AU I would have sold into support. The R:R would not have been favorable. I am not sure if you see it the same way as I do, but here are the pics:

AJ: Sequence of HH and HL, TL, so I would have been more comfortable with a long.
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AU: TL, sequence of HH and HL, until the DT which created a regular divergence. But still, that was not enough for me to feel comfortable with going short, since the support was very close. Perhaps on a lower TF, yes.

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So, from my point of view, you didn't miss out on those trades, although they did move over 100 pips. We'll get better setups in the future, no question about it.

Have a nice evening, and stay green, buddy!
  • #2,272
  • Dec 8, 2015 11:09am Dec 8, 2015 11:09am
Quoting tibovwh
{quote} Hey Deichkind, Great job on that profit! I don't know if AUDUSD is already facing resistance. I can see it run the AWR towards 0.71? Ofcourse we don't really know but we'll see how it turns out. I'm in AUDJPY trying to build some position. Good trading guys! Let's get this thread started again Best, {image}
I see someone's in a good mood.
  • #2,273
  • Dec 8, 2015 11:56am Dec 8, 2015 11:56am
@catalin: AUDJPY and AUDUSD I see in the same way...would also like to see a long setup in the next days

regards
  • #2,274
  • Dec 8, 2015 1:59pm Dec 8, 2015 1:59pm
@Catalin and Deichkind: Is the doublebottom with broken structure an pullback in the AUD/USD a matter for you? It means big chance for a trendchange = Long
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And did i see it right that in the GBP/USD is a chance the next days?

Becaus upwards directed triangle = Bearish

Normally Breakout after 1/3 till 3/4 of the range from the base of the left to the peak on the right? According to my book
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best wishes

candle
"Repetition is the mother of skill"
  • #2,275
  • Dec 8, 2015 2:55pm Dec 8, 2015 2:55pm
Quoting Candle-
@Catalin and Deichkind: Is the doublebottom with broken structure an pullback in the AUD/USD a matter for you? It means big chance for a trendchange = Long {image} And did i see it right that in the GBP/USD is a chance the next days? Becaus upwards directed triangle = Bearish Normally Breakout after 1/3 till 3/4 of the range from the base of the left to the peak on the right? According to my book {image} best wishes candle
Hi, Candle!

In your first example, the DB was indeed a sign of trend change. And the PA went up, just as expected. Look at how many white APBs followed after that DB pattern! That was in the past. Now we do not know if PA will continue to make HH and HL. We did not have a close above the resistance, and we can see a DT formed. The tricky thing is that we should have a downtrend now, according to DT rules, but pay attention to the suport level, cause you do not want to sell into it. We must see a break of the support first. If it does not happen, then that means it will bounce and we can look for a long into the current resistance, but we must have enough space for a good R:R.

In the second example you are correct, according to the rules, we should see a break to the upside when dealing with a descending wedge formation. But as you know, nothing is 100% certain in forex.

Have a nice evening!
  • #2,276
  • Dec 8, 2015 3:20pm Dec 8, 2015 3:20pm
Took this trade yesterday around 1:00pm. It was an hour before the candle but i could tell it was a good cross with good momentum.Also it bounced off an old resistance level. Up 50+ pips so far
Attached Image (click to enlarge)
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  • #2,278
  • Dec 9, 2015 12:57am Dec 9, 2015 12:57am
Quoting catalin_eros
{quote} Hi, Candle! In your first example, the DB was indeed a sign of trend change. And the PA went up, just as expected. Look at how many white APBs followed after that DB pattern! That was in the past. Now we do not know if PA will continue to make HH and HL. We did not have a close above the resistance, and we can see a DT formed. The tricky thing is that we should have a downtrend now, according to DT rules, but pay attention to the suport level, cause you do not want to sell into it. We must see a break of the support first. If it does not...
@Catalin: OK, got it. Thank yo for clarifying.

best wishes

Candle
"Repetition is the mother of skill"
  • #2,279
  • Dec 10, 2015 1:50pm Dec 10, 2015 1:50pm
NU, long, I was aiming for the resistance, but I decided to close it before the USD news. A modest gain of 31 pips.
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  • #2,280
  • Dec 11, 2015 12:49am Dec 11, 2015 12:49am
@Catalin: Good morning Catalin, modest but enough to stay happy =D what matter is the first consolidation candle with the big wicks for you? Deterred me to stay out additional to the Ressistance.
Attached Image


best wishes
"Repetition is the mother of skill"
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