Thread: TMS for M30 charts

Originally Posted by ;

What about this USD/CAD chart. TDI crossed at 12:30 but went a bit higher before heading down. Its a strong down trend or? Everything is coming down in the TDI 68 degree. Right, overbought condition? picture

https://www.babypips.com/learn/forex

Originally Posted by ;

What about this USD/CAD chart. TDI crossed at 12:30 but then went somewhat higher before going down. Its a trend or? What's coming down in the TDI 68 degree. Overbought state, right? image

like I said before, you'd look for a lower reduced, then a reduced high or if not a lower high style for divergence, so as soon as the tdi crossed it was showing closely in an uptrend. Above 68 shows a powerful uptrend and you would not sell until it had fallen out from there.

Originally Posted by ;

quote You mean the line highlighted on this H4 screen to the mouse area? Whats up with it? picture

Look at my chart..price analyzed the 200 ema and bounced from there..price is currently trapped between the 10 and 200 ema. . .no trade for me I see some thing different..just my take on this pair

price came down and tested the swing low but there wasn't any close below this level..this should alert you if you're thinking about short. . .the rejection proved to be a great sign to go long instead

Originally Posted by ;

quote Hey. Got the 200 ema now. Yeah its far over price on the H4 as well as on the M30 for the EUR/CHF at time I was considering going short. From what I understand going brief if price is under the 200 ema, moving long if price is over it, right? So in case as price used to be under for the possible signal mentioned before, that would be a legitimate short sign?

You must get the charts posted of this one that you're talking about or we shall all get confused. Pips29 was replying your post since you're talking about Eur/usd not eur/chf

A few general understanding questions on this case EUR/GBP M30 chart screenshot.

For a BUY Signal GREEN/RED should be above the MBL (Yellow line) I had been reading from the principles by Dean Malone concerning the TDI.

In this example the first TDI Cross (marked as TDI Cross 1 on this screenshot) isn't a legitimate trade entry for moving long ?

Second, the Cross number 2 (marked as TDI Cross 2 about this screenshot) I currently detected from the TDI Alert is much to high/near to 68 for a possible long transaction or am I get this wrong?

Originally Posted by ;

quoteYou must find the charts posted of this one you're talking about or we shall all get confused. Pips29 was answering your article since you're talking about Eur/usd not eur/chf

Sorry. Thanks for your kind words. I'll give my best

Originally Posted by ;

price came down and analyzed the swing low but there was no close below this level..this should alert you if you are thinking about short. . .the rejection proved to be a fantastic signal to go long instead picture

thanks @Pips. We had been speaking about EUR/USD, and yes for that one about EMA 200. Agree. And the trade I took was this one on EUR/CHF M30 (submitting some H4 Chart for this under). So for EUR/USD = NO, EUR/CHF was ok?

Originally Posted by ;

A few general comprehension questions on this example EUR/GBP M30 chart screenshot. To get a BUY Signal GREEN/RED should be above the MBL (Yellow line) I was reading from the rules by Dean Malone concerning the TDI. So in this example the initial TDI Cross (marked as TDI Cross 1 on this screenshot) is not a valid trade entry for going long ? Second, the Cross number 2 (marked as TDI Cross two about this screenshot) I currently seen by the TDI Alert is far to high/near into 68 for a potential long trade or are I get this wrong? picture

Primarily, we don't trade based on those rules, this is Likica's threads and you need to be studying her examples to take transactions and secondly you can not ch every pip in each movement, the notion is to take the transactions with the strongest possibility of functioning and not neglecting.

The long cross on EG trade would not have been valid for these reasons:
1. The tdi remains below 32
2. Price remains making lower lows and lower highs
All this had in its favour was that the place and we know how frequently those can neglect.

The brief cross would not have been valid for these reasons:
1. The price remains making higher highs and higher lows
2. The synergy bar was green
Its not too high as it is still below 68.

Originally Posted by ;

quoteFirstly, we don't trade based on those principles, this is Likica's threads and you should be looking at her illuions to take transactions and second you can not ch every pip in every move, the notion is to take the transactions with the strongest possibility of working rather than failing. The lengthy cross on EG trade wouldn't have been valid for all these reasons: 1). The tdi remains under 32 2. Price is still making lower lows and lower highs All of this needed in its favour was the place and we know exactly how often those could neglect. The brief cross wouldn't have been...

thanks a lot.