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  • #71,841
  • Oct 5, 2016 9:21pm Oct 5, 2016 9:21pm
Quoting catalin_eros
{quote} That's exactly what I am saying: that candle was not strong enough for me to take a sell there. The guppies are not important for this example. I was only interested in that particular candle and the way you chose to trade it, and I did not make any reference towards the guppies probability of rejecting the price. What about W1? From my point of view, it was not showing bearishness. And you said you are looking at top down charts. So, from your words, if D1 is against W1, we trade H4 according to D1. Is that correct? But then again, in an...

Ok. Show me your BPP done for this week 40 Oct 3 to 7 and what your trade plan is for AUDUSD.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,842
  • Oct 6, 2016 2:28am Oct 6, 2016 2:28am
Quoting emmanuel7788
{quote} EURJPY Week 40 Oct 5 update. I hope many of your caught the breakout I posted yesterday. we are all in the money.. With the current strong trend we should try manage for target BRN 116.00. Do not worry that the TDI is above the 68-level. In trending market, oscillators like the RSI and Stochastics are not useful to help us to 'let profits run". TMS traders, we do not sell yet until we see sellers. Remember this very basic trading rule. We do not assume the trend will end at any perceived price levels. We follow the buyers when market is...

EURJPY Oct 6 Update:

EJ continues to press higher breaking after short pause at BRN 116.00.
Next major target is 117.33 a historical swing level. There is no guarantee it will reach there, not today or tomorrow, but it remains on our radar as next target. We manage the downside and let the market decide the upside.
Just keep our ears on the ground for any major news,events affecting Japan and Yen.

Good trading TMS folks,
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Week 40 Oct 6 H4 update.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,843
  • Oct 6, 2016 2:54am Oct 6, 2016 2:54am
Quoting emmanuel7788
AUDUSD Week 40 Oct 3 to 7 , We need to see Lower High, then Lower Low. That is the market structure what many traders talk about. remember some reliable reversal chart patterns - Head and Shoulders, Double Tops, Triple Tops, ... these are when bullish trend comes to an end. Looking to sell this week, but it is not ready for sell now. Today is bank holiday here in Sydney, perhaps I look for H1 trade during London session and slowly build up for this week. Taking reversal trades are usually more risky and I am a rather conservative trader unlike Big...
AUDUSD Oct 6 H4 making Lower Low.
I see possible target around the RN 0.75500 also previous price action where there was price congestion.
We shall see it it gets there before end of day and with NFP tomorrow we need a plan.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Oct 6 trades update.png Size: 77 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,844
  • Oct 6, 2016 3:10am Oct 6, 2016 3:10am
Quoting emmanuel7788
{quote} Hi Tekkies, very tough one to manage now with those sell trades. market broke the last resistance zone 0.8600 which is aslso a historical swing level. It pulled back to use that as support for the current rally. yesterday it broke 0.8700 on the news of the Brexit initiation date announcement. It will continue to move higher... next target is 0.8800. It will make new highs and test those highs of 2012. History repeats itself. {image} you will need a significant bearish correction to breakeven those trades. use this attached indicator to track...

EURGBP Oct 6 D1 chart update:
the D1 candle which will break and close above 0.88396 will most likely a bullish candle. If that does not happen beware of an early major correction which trun into a bearish reversal into a new trend for EG. Still too early for a bearish trend and it depends on the market sentiment with Brexit date announced by PM May.
Watch the PA from now on to see if GBP remain weaker than the EUR.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Week 40 Oct 6 D1 chart target.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,845
  • Oct 6, 2016 4:22am Oct 6, 2016 4:22am
Hello, Im trying to learn about supports and resistances, trends and that and I'm following the USDJPY in H1, I don't know if it looks right but this is my opinion: the H1 trend is done, I think it will get a double or triple top and goes down, in H4 the TDI is getting flat and in D1 the price is near a resistance

¿am I right? I wanted to know your opinions
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  • #71,846
  • Oct 6, 2016 4:54am Oct 6, 2016 4:54am
Quoting AlexoBrawler
Hello, Im trying to learn about supports and resistances, trends and that and I'm following the USDJPY in H1, I don't know if it looks right but this is my opinion: the H1 trend is done, I think it will get a double or triple top and goes down, in H4 the TDI is getting flat and in D1 the price is near a resistance am I right? I wanted to know your opinions {image} {image}
Hi,

Get some basic what support and resistance first:

http://www.babypips.com/school/eleme...istance-levels

then learn how a professinal trader use S&R :
http://www.forexfactory.com/strat
free education at his website.
I learn my use of S&R from him.

Do not use those channel trend lines when you are not trading the price waves. It can mess up your trading with TMS.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,847
  • Oct 6, 2016 5:04am Oct 6, 2016 5:04am
Quoting AlexoBrawler
Hello, Im trying to learn about supports and resistances, trends and that and I'm following the USDJPY in H1, I don't know if it looks right but this is my opinion: the H1 trend is done, I think it will get a double or triple top and goes down, in H4 the TDI is getting flat and in D1 the price is near a resistance am I right? I wanted to know your opinions {image} {image}
There are additional trend lines you can show on this which make a different story, there is a nice triangle formation with a flat bottom on the 100.00 Large round number which is likely to be a strong psychological level and there is a declining trend line above which was clearly broken a couple of days ago I would normally be looking to go short with that triangle formation but the break out is long and the support level is strong, I'm waiting for a nice pullback to enter long, probably.
I'm watching this with interest, I like trading this pair but I'm not sure what's going on just now.
I think price action will be more interesting than TDI or other indicators for a few days.
Attached Image (click to enlarge)
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stultus ego comparor veritas.
  • #71,848
  • Oct 6, 2016 6:59am Oct 6, 2016 6:59am
Quoting emmanuel7788
{quote} Yes, also you must use the realtime version of the TDI. That is very important to read and pay attention to details. To succeed as a trader, we must be meticulous and always pay attention to details. Read post#30,712 download the TDI_RT.ex4 posted in this thread and rename the TDI_RT.ex4 to Traders_Dynamic_Index.ex4 this will do the trick and get pipware to print the TDI in realtime in all timeframes. This is the best multi-timeframe TDI you can find. Edit: Forgot...
Hi Emm,

Attached are my current Synergy_Pro_APB and TDI_RT ex4 files. Need to confirm if these are the correct files for me to rename and change the TDI settings as per Post 58,401.

Also, I have copied both pipware-charts.ex4 & Stratman_MiniChart_v20.ex4 (see attached) but my pipware v7.0 chart is showing skinny bars unlike yours.

I have not changed my settings yet.

What went wrong?
Attached Image (click to enlarge)
Click to Enlarge Name: pipware v7.0.PNG Size: 38 KB
Attached File(s)
File Type: ex4 Synergy_Pro_APB.ex4   7 KB | 310 downloads
File Type: ex4 TDI_RT.ex4   15 KB | 374 downloads
File Type: ex4 Stratman_MiniChart_v20.ex4   40 KB | 342 downloads
File Type: ex4 pipware-charts.ex4   71 KB | 343 downloads
  • #71,849
  • Oct 6, 2016 7:25am Oct 6, 2016 7:25am
GBPUSD sink lower with stronger USD.
Investors take refuge is safe haven currency.

EURGBP will rally higher with weaker GBP.

Trade with caution, do not add to positions in floating losses/drawdown.
The safe way to trade with multiple entries is to build positions only when there is retracement, then scale-in more positions when older positions are with locked-in profits protected.

Learn to read the market live. Text book can only teach you that much.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,850
  • Oct 6, 2016 7:29am Oct 6, 2016 7:29am
Quoting Fbps
{quote} Hi Emm, Attached are my current Synergy_Pro_APB and TDI_RT ex4 files. Need to confirm if these are the correct files for me to rename and change the TDI settings as per Post 58,401. Also, I have copied both pipware-charts.ex4 & Stratman_MiniChart_v20.ex4 (see attached) but my pipware v7.0 chart is showing skinny bars unlike yours. I have not changed my settings yet. What went wrong? {image} {file} {file} {file} {file}

Go to this post and follow that and install your Pipware mincharts.
http://www.forexfactory.com/showthre...68#post8753868

use the pipware chart template only for analysis, study and trade planning.
I prefer not to use the Stoch on the pipware template. This way you focus on the PA and the TDi in different timeframes without the Stoch.

Use a different template for your trading charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,851
  • Oct 6, 2016 8:22am Oct 6, 2016 8:22am
EJ D1 chart, BigE classical template......

Attached Image (click to enlarge)
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and the GU sl moved to BE D1...
Attached Image (click to enlarge)
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Winners Never Quit, Quitters Never Win
  • #71,852
  • Oct 6, 2016 8:24am Oct 6, 2016 8:24am
Quoting emmanuel7788
{quote} AUDUSD Oct 6 H4 making Lower Low. I see possible target around the RN 0.75500 also previous price action where there was price congestion. We shall see it it gets there before end of day and with NFP tomorrow we need a plan. {image}

Hello Emmanuel!

I'm so confused by this.. you see possible target below at RN 0.75500 but how to know? It could really be support right there too no?

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 45 KB


What do I need to change in my thinking?
Thanks and good day/night to all!
  • #71,853
  • Oct 6, 2016 9:29am Oct 6, 2016 9:29am
Quoting emmanuel7788
{quote} AUDUSD Oct 6 H4 making Lower Low. I see possible target around the RN 0.75500 also previous price action where there was price congestion. We shall see it it gets there before end of day and with NFP tomorrow we need a plan. {image}
Hi emmanuel7788! i'm in that trade, but yes tomorrow NFP....
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Winners Never Quit, Quitters Never Win
  • #71,854
  • Edited 1:47pm Oct 6, 2016 12:37pm | Edited 1:47pm
Quoting emmanuel7788
{quote} Ok. Show me your BPP done for this week 40 Oct 3 to 7 and what your trade plan is for AUDUSD.
Last month ended with a bullish bar and bullish APB within the MC from March.
Attached Image (click to enlarge)
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W1 is at the top of the triangle TL above its head, but you don't seem to care about TLs. I see two bullish bars making HH/HL, which are blue APBs. So that's bullishness. The second one looks like it has lost some steam, indeed, but it's still bullish. We sell only when we see sellers, right? Well, we see buyers there.
Attached Image (click to enlarge)
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Last Friday closed with a very weak red APB and a bullish bar. The bears tried to take the price down, but they encountered pressure from the bulls, which managed to bring price back up and close it in their favor, thus creating a rejection bar with a bullish close. You said that the bearish movement started on Friday, but I do not see a validation of that movement, since Friday closed inside the MC from Tuesday, and bears were not able to maintain the break of the MC and were not able to close under the 5 ema. The only validation comes from the TDI which crossed down. But not from the 5 ema rule as well.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDDaily.png Size: 61 KB

Another thing that I want to point out is that when you chose to sell on that weak H4 candle that I was pointing to in an earlier post, the D1 was still not able to hold a valid breakout under the D1 MC.

I was trying to look at this from your point of view, to understand why you chose to sell against the HTFs. Maybe your BPP would help clarify the confusion I have.

As always, thanks in advance, Emm!

EDIT: I forgot to mention that when you sold using H4, D1 closed bar was bullish and a blue APB. Tuesday bar was red APB indeed, but it was a live candle. Do we look at live candles, closed candles, or both?
  • #71,855
  • Oct 6, 2016 1:06pm Oct 6, 2016 1:06pm
Quoting catalin_eros
{quote} or both?
Hey buddy !
Thanks for your nice chartanalyses .. I really like it .. like usual !
Guido
Risiko birgt immer auch die Chance.
  • #71,856
  • Oct 6, 2016 1:37pm Oct 6, 2016 1:37pm
Quoting Sesamstrasse
{quote} Hey buddy ! Thanks for your nice chartanalyses .. I really like it .. like usual ! Guido
  • #71,857
  • Oct 6, 2016 3:32pm Oct 6, 2016 3:32pm
I have been watching this thread since April 2016 and it's so funny that everyone posts winning trades all the time but nobody has a myfxbook link. Everyone is using TMS but no one has ever proved their success with it, not even Big E posted a link to myfxbook or trade explorer.

Big Emm, please could you send me a link to your myfxbook via PM, so I can have a look at your trades please, you said in recent pages that you are happy to share with anyone that requests it.

Thanks
  • #71,858
  • Oct 6, 2016 5:08pm Oct 6, 2016 5:08pm
Quoting catalin_eros
{quote} Last month ended with a bullish bar and bullish APB within the MC from March. {image} W1 is at the top of the triangle TL above its head, but you don't seem to care about TLs. I see two bullish bars making HH/HL, which are blue APBs. So that's bullishness. The second one looks like it has lost some steam, indeed, but it's still bullish. We sell only when we see sellers, right? Well, we see buyers there. {image} Last Friday closed with a very weak red APB and a bullish bar. The bears tried to take the price down, but they encountered pressure...
I use the MN chart only to locate those MN price swing levels. I trade between those MN price swing. I mentioned this many times in all my BPP posts here.
MN and W1 charts are use to see the Market Type, also mention many times in my post which of the three Market Types are good for TMS trading.
read up on Martket Types by Dr Van Tharp, also Triple Screen Trading Systems by Dr Alexander Elder.

There was no master candle MC on your D1 chart. You probably have a different Master Candle definition. I use MC[3].

Q. Do I enter a trade on a live candle?
If your meaning of a 'live candle' is referring APB#1. Yes I do do some trades with entry during the APB#1 but only when I see PASR setup.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,859
  • Edited 5:45pm Oct 6, 2016 5:28pm | Edited 5:45pm
Quoting hsn100
{quote} Hi emmanuel7788! i'm in that trade, but yes tomorrow NFP.... {image}

Hi,

The direction for Kiwi is quite clear and NFP will not change that. NFP candle will create volatility so we have to know how to handle the spikes when NFP release.
Take what the market has given you and fight another day. With the thought, you have to consider your entry and exit strategy to deal with event like NFP.

Kiwi is in sell zone, so I stay on the side of the sellers.

regards,

Edit: Kiwi entered a sell zone when 23 Sep D1 close. If anyone can see that, you can post and share what you see in your BPP.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,860
  • Oct 6, 2016 5:42pm Oct 6, 2016 5:42pm
Quoting gditmf9
{quote} Hello Emmanuel! I'm so confused by this.. you see possible target below at RN 0.75500 but how to know? It could really be support right there too no? {image} What do I need to change in my thinking? Thanks and good day/night to all!
Hi,

We do not know how low AU will go but we know the average volatility of different TF periods.

Looking at the recent volatility, AU has a weekly traded range of 172 pips to 196pips.
The ATR(52) weeks is 188pips. So if we target say 60% to this 188pips, it is achievable when market is sideways. If the 'trend' is strong, then 100% is often my target.
So anything between 60% and 100% is good for this week.

I made some comments on your chart posted.
Attached Image (click to enlarge)
Click to Enlarge Name: gditmf9 AUDUSD H4 chart.png Size: 219 KB


Key is to know the market VOLATILITY of the currency pairs we trade and also the average volatility of different periods and also during the market session of day.

Hope this is helpful.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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