Thread: TMS for M30 charts

Originally Posted by ;

quote So whats wrong with GBP/USD and EUR/GBP ? Still not get it. Whats does GU must do with seeing a possible short signal for EUR/GBP at which EUR/GBP was trending. I wasn't looking at GU at all. You explained both of these are in the downtrend currently. Why transaction EURGBP then Yes equally was trending, and whats your purpose here. Not going short if something is going down?

What Botan means is, the price of Eur/usd divided by the price of Gbp/usd equals Eur/gbp price and that he said equally eu and gu were going down why are you currently trading EG. However, all you need is for something occurring like occurred now, GU went up and eu stayed where it was and you have EG flying down. All you can do, is look in the charts, look at lower lows and lower highs for a sell and vice versa for buys alongside a check on h4 and proceed in.

That is the chart I wanted to post earlier and where I'd have gone in had I had been watching.

Originally Posted by ;

quoteWhat Botan means is, the price of Eur/usd divided by the price of Gbp/usd equals Eur/gbp price and that he explained equally eu and gu were moving down why were you trading EG. However, all you will need is for something happening like happened now, GU went up and eu remained where it was and you've got EG flying. Whatever you can do, is look in the charts, seem at lower lows and lower highs for a sell and vice versa for buys. This is the chart I wanted to post earlier and at which I would have gone had I had been watching. image

thanks, now know Yes could have been much better entry for sure. But didn't see it that quick.

Originally Posted by ;

quoteWhat Botan means is, the price of Eur/usd divided by the price of Gbp/usd equals Eur/gbp price and he said as both eu and gu were moving down why are you currently trading EG. However, all you need is for something happening like happened now, GU went up and eu remained where it was and you've got EG flying. All you can do, is look in the charts, look at lower prices and lower prices for a sell and vice versa for buys. This is the chart I wanted to post in had I been watching and where I would have gone. picture

Your enter would have been on open or close price of signaled pub?

Originally Posted by ;

quote Your enter would have been on close or open price of signaled bar?

The open because the prior bar had closed beneath the trendline, H4 candle had closed below yesterdays low, no doubt.

Originally Posted by ;

quote thanks, today understand Yes could have been much better entrance for certain. But didn't see it that quick.

If I don't see it at the moment, I don't go into it at all.

Originally Posted by ;

quoteIf I don't see it at the moment, I don't go into it whatsoever.

Yeah, thanks. Makes sense. Still learning :-)

Originally Posted by ;

quote yes, the 200 ema on H4. . .it's also good to take a look at this overly picture

You mean H1 134 EMA ? Because current price there's running into this area and not away from it?

Originally Posted by ;

quote You mean H1 134 EMA ? Since current price there's running into this region and not away from it?

No he supposed that the 200 ema about the H4 chart.

Originally Posted by ;

quoteNo he meant the 200 ema about the H4 chart.

Hey. Got the 200 ema. Yeah its far above price about the H4 in addition to about the M30 for the EUR/CHF at time I had been thinking about going short.

From what I know going short if price is below the 200 ema, moving long if price is above it, correct?

So in case as price was below for the possible signal mentioned earlier, that could be a valid short signal?

What about this USD/CAD chart. TDI crossed at 12:30 but went a bit higher before heading down. Its really a trend or? What's coming down from the TDI 68 degree. Overbought state?