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  • #72,281
  • Oct 14, 2016 2:39am Oct 14, 2016 2:39am
Potential short developing on H4 NZDUSD?
GUPPIES wide on H4, Daily and weekly trend is down, divergence developing on stochastics and TDI, pinbar candlestick, just waiting on TDI cross.

What is everyone's opinion?
  • #72,282
  • Oct 14, 2016 2:42am Oct 14, 2016 2:42am
Quoting hsn100
{quote} I've seeing your charts in the LK's thread, great postings. hoping to learn from u a lot.
we did many hours of development on the M30 thread - LK kept wat worked - she is 1 of the best M30 traders ive seen .......

Quoting chino
{quote} Will be great to see pure TMS traders like you and Dimi.A in here to help us in here to understand better. have read a lot of pages in here and Dimi is one to follow, you too i will keep screen shots and sharing them here to see what are your thoughts on why it work or didnt if you don't mind. for now no trading for me till NFP get out
Dimi.A is da man ....... he must b from another planet ........ cause his trading results make me do this
  • #72,283
  • Oct 14, 2016 3:02am Oct 14, 2016 3:02am
Quoting CptOrlando
{quote} ..... Big E sort of way......
Lovely post Cpt. Doing and practice TMS as it should be done.
Dissect BigE's blue post's and always ask "why", "how", "when", "where". Take the old charts that he has posted, use an editor tool and make notes on the chart at what he is referring to. It is the only why to force, learn the brain to look for those points, fact's which will enable you to trade a clean chart.
#2556
............. to point out those important Basics using a chart which is marked up and why those things are important to consider before entering a trade...........
  • #72,284
  • Oct 14, 2016 3:06am Oct 14, 2016 3:06am
Quoting emmanuel7788
{quote} Big E has several discretionary rules which he check when he was trading. One of his rule is to know the short term and long term trends. But he did not mentioned which timeframes he used to determine his short term and long term trends. When we want to take any counter-trend trades, we must have our own rules and we must know what are the risks for every trade setups we see on our trading charts. Every trade setup has its SWOT = Strength, Weakness, Opportunity and Threat. As for the EU H4 setup, it was clearly against the recent Days down...
Thank you so much for the detailed explanation and sharing your views.
  • #72,285
  • Oct 14, 2016 3:17am Oct 14, 2016 3:17am
Quoting emmanuel7788
{quote} Here are the source codes(links) https://www.mql5.com/en/code/9300 https://www.mql5.com/en/code/14564 https://www.mql5.com/en/code/10425
Have a look at this one.( Emm one that you showed)
http://www.forexfactory.com/showthread.php?t=46668
  • #72,286
  • Oct 14, 2016 4:23am Oct 14, 2016 4:23am
Quoting TheRock
Potential short developing on H4 NZDUSD? GUPPIES wide on H4, Daily and weekly trend is down, divergence developing on stochastics and TDI, pinbar candlestick, just waiting on TDI cross. What is everyone's opinion?
True, but we might also see a retracement on D1, perhaps something like this:
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 89 KB

Bottom line is, I would not sell it on H4 if today's D1 closed candle will make the TDI cross up, even if the cross is in the OS zone. To play it safe, TDI on D1 has to show bearishness. So either TDI will have to be bearish after today's closed candle, in order for me to sell next week on H4, or it can retrace on D1 and then cross back down, and then I will look for shorts on H4.
  • #72,287
  • Oct 14, 2016 4:28am Oct 14, 2016 4:28am
Quoting griffinssoul
{quote} hey catalin - this is a bull flag [so now we know the market conditions] ...... this tells us its tight - only 90pips - no room 4 mistake - wat i do next is LookLeft ...... wat do we see ......... i c someting i dont like ....... {image}
You're absolutely right, GS. I should have looked for longs, not shorts. My bad! When the bull flag is broken, we can expect a move of about 340 pips (the pole length). Am I right? We need more guys like you in here. Now where in the World is that emoticon which showed a person bowing? FF should have not changed the old emoticons.
  • #72,288
  • Oct 14, 2016 4:50am Oct 14, 2016 4:50am
Hi everyone, I've been following this thread for a while now, but never posted anything.

First of all, I want to sincerely thank Emmanuel for the hard work and great help he provides.

I first started learning forex and trading about 18 months ago and I'm trading live with low sums (mostly to learn to be consistently profitable) for about a year now.
I never got the time to really focus on forex because my full time job is really stressful and I have other projects I work on in my free time.

I want to learn TMS in order to be consistent with my winnings and recently made my setup for this system and I tried a few trades.

What do you think of this trade I opened on AUDNZD?

  1. One of the things I'm thinking could be troublesome is the resistance at around 1.0735, but Big E mentioned to not be influenced by other indicators aside for those mentioned for this method.
  2. Another one would be the fact that the TDI components are close to 68 level, I don't know if this matters though (I am thinking that it would be better if it was below 50, is this logic correct?)

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD.PNG Size: 65 KB


Thank you in advance!
  • #72,289
  • Edited 4:42pm Oct 14, 2016 6:17am | Edited 4:42pm
Quoting laurganta
Another one would be the fact that the TDI components are close to 68 level
TDI crosses. Should answer some questions.
Attached File(s)
File Type: pdf TDI Cross.pdf   164 KB | 691 downloads
  • #72,290
  • Oct 14, 2016 6:36am Oct 14, 2016 6:36am
Quoting catalin_eros
{quote} True, but we might also see a retracement on D1, perhaps something like this: {image} Bottom line is, I would not sell it on H4 if today's D1 closed candle will make the TDI cross up, even if the cross is in the OS zone. To play it safe, TDI on D1 has to show bearishness. So either TDI will have to be bearish after today's closed candle, in order for me to sell next week on H4, or it can retrace on D1 and then cross back down, and then I will look for shorts on H4.
I agree with you Catalin...thanks for your input.
  • #72,291
  • Oct 14, 2016 6:50am Oct 14, 2016 6:50am
Quoting PackRat22
{quote} Hi Daniel, I also entered this trade but the day before. Nice TDI cross under the yellow. I think 1.4550-1.4560 area is safest target for this but I currently have my target at low of swing low area from 10th Aug which would complete the head & shoulder pattern im visualizing but subject to change nearer 1.4450 (weekly support) {image}
Hi Packrat,

I can see the H and S pattern with 1.4520 as neckline ? Nice spot and trade.

I have exited 5 sell positions at around 1.4470. I now have one last position from 1.4636 which is in around 200 points profit. I am going to hold this and see if price breaks through the weekly 200 EMA and Weekly support at 1.4400 (apox). How are you managing it ?
  • #72,292
  • Oct 14, 2016 6:56am Oct 14, 2016 6:56am
Quoting catalin_eros
{quote} True, but we might also see a retracement on D1, perhaps something like this: {image} Bottom line is, I would not sell it on H4 if today's D1 closed candle will make the TDI cross up, even if the cross is in the OS zone. To play it safe, TDI on D1 has to show bearishness. So either TDI will have to be bearish after today's closed candle, in order for me to sell next week on H4, or it can retrace on D1 and then cross back down, and then I will look for shorts on H4.

D1 is sideways now . That WRB Oct 11 is the early warning.
Selling may not be a bad idea in this ranging market type.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,293
  • Oct 14, 2016 7:00am Oct 14, 2016 7:00am
Quoting laurganta
Hi everyone, I've been following this thread for a while now, but never posted anything. First of all, I want to sincerely thank Emmanuel for the hard work and great help he provides. I first started learning forex and trading about 18 months ago and I'm trading live with low sums (mostly to learn to be consistently profitable) for about a year now. I never got the time to really focus on forex because my full time job is really stressful and I have other projects I work on in my free time. I want to learn TMS in order to be consistent with my winnings...

you have the D1 and W1 buyers in your favour.
keeping your trailing stop using 2 days look back will keep you safe all the way until it reverses.

next potential trouble area 1.0775 and 1.0800
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,294
  • Edited 7:57am Oct 14, 2016 7:16am | Edited 7:57am
Thank you Tekkies, it's been really helpful! Means my trade had the perfect setup.

Here is an update of it (about 40 pips growing):

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD Update.PNG Size: 67 KB


EDIT:
@Emmanuel - Thank you for the feedback, I will leave it open like you suggested.

^_^
  • #72,295
  • Edited 7:47am Oct 14, 2016 7:16am | Edited 7:47am
Quoting Tekkies
{quote} TDI crosses. Should answer questions {image}
Thanks Tekkies - very clear and simple instructions.

Based on this I put in a trade AUDUSD at 0.76283 on D1. Is this too late an entry? Or should I have entered on H4 when TDI crosses?
  • #72,296
  • Oct 14, 2016 8:28am Oct 14, 2016 8:28am
Quoting Tekkies
{quote} TDI crosses. Should answer questions {image}
So tekkies do you stick to those conservative crossing ruls ? Thank you
  • #72,297
  • Oct 14, 2016 8:43am Oct 14, 2016 8:43am
Quoting laurganta
Thank you Tekkies, it's been really helpful! Means my trade had the perfect setup. Here is an update of it (about 40 pips growing): {image} EDIT: @Emmanuel - Thank you for the feedback, I will leave it open like you suggested. ^_^
Hi Laurganta, could you share the price indicator showing "1.07541" - big enough for me so I don't have to squint my eyes. Many thanks!
  • #72,298
  • Oct 14, 2016 8:43am Oct 14, 2016 8:43am
Quoting catalin_eros
{quote} You're absolutely right, GS. I should have looked for longs, not shorts. My bad! When the bull flag is broken, we can expect a move of about 340 pips (the pole length). Am I right? We need more guys like you in here. Now where in the World is that emoticon which showed a person bowing? FF should have not changed the old emoticons.
hey Catalin - zoom out & u will c someting interesting ..... there was already a measured move - notice the short-lived bull wedge which broke out long [& made the 2nd half of the measured move] ....... this would have been a superb trade [around 100pips] .......... once the bull flag was shown by a LH [u then had the High / Low / LH] u could have traded the flags range [this takes more practice] ....... now we see a breakout from a HL - this HL is wat stop ur short ....... also the Low is roughly around the bull wedge [back 2 were we started] & this should b around 50% fibo retrace [im sick of measuring this i can see it] ....... because the flag has taken so long to develop the D1 chart shows consolidation...... wat can happen next ..... anyting no 1 knows & there is no point in guess'n
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 38 KB
  • #72,299
  • Oct 14, 2016 8:59am Oct 14, 2016 8:59am
Quoting griffinssoul
{quote} hey Catalin - zoom out & u will c someting interesting ..... there was already a measured move - notice the short-lived bull wedge which broke out long [& made the 2nd half of the measured move] ....... this would have been a superb trade [around 100pips] .......... once the bull flag was shown by a LH [u then had the High / Low / LH] u could have traded the flags range [this takes more practice] ....... now we see a breakout from a HL - this HL is wat stop ur short ....... also the Low is roughly around the bull wedge [back 2 were...
Oh, I was talking about the bull flag on D1. There is only one pole, and it measures 340 pips. I drew it differently, and I didn't have a break on my chart yet. Maybe next week.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADDaily.png Size: 76 KB

You're right, nice measured move on H4. By the book, I'd say. But I must mention I do not see it as a wedge, but as a bullish pennant.

Thanks for your insights, GS! Very nice explanations! I hope to see even more of your clean and easy to understand charts.
  • #72,300
  • Oct 14, 2016 9:49am Oct 14, 2016 9:49am
Quoting Fbps
{quote} Hi Laurganta, could you share the price indicator showing "1.07541" - big enough for me so I don't have to squint my eyes. Many thanks!
Hi, this is the one:

Attached File(s)
File Type: ex4 Pip Counter.ex4   28 KB | 393 downloads


Best of luck!
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