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TMS for M30 charts

  • #17,441
  • Feb 7, 2018 2:13am Feb 7, 2018 2:13am
Now a 30 minutes later, thats what i mean...

A sweet -20 pips ...
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  • #17,442
  • Feb 7, 2018 3:32am Feb 7, 2018 3:32am
I went on sale. EU +25.
Your thoughts?

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Trading has been and always will be, a hard way to make an easy living.
  • #17,443
  • Feb 7, 2018 3:46am Feb 7, 2018 3:46am
Quoting Boobligoom
I went on sale. EU +25. Your thoughts? {image}
I am short too now. Lets see. Would also like hear other thoughts on this. 2 hours before it looked like going Long to me...
  • #17,444
  • Edited 4:47am Feb 7, 2018 4:33am | Edited 4:47am
Short looks better...

I am also short on GU btw.

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  • #17,445
  • Edited 6:32am Feb 7, 2018 4:53am | Edited 6:32am
What about these ones? Possible entries, maybe to late already?

AUD/USD - Short ?
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USD/CAD - Long ?
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Haha. Now AUD/USD goes long and USD/CAD short ...

I do not get a foot on the ground with it.

Historical charts always makes sense to me. Taking any trade on a live chart, Boom, it does instantly the complete opposite of what expected. Also it feels like the 30 Min Chart takes a lot of time, waiting and waiting and waiting. I would like to trade the EU session like the author of this thread and possible a lot of other trades here do. However i am not sure how to make this method be more efficient to me. Maybe 30 Min is the wrong timeframe for me ?

-How much hours do you guys watch charts during the eu session?
-How much trades on average per trading day using the 30 Min?
-What to do during a trade? Watch every 30 Min again?
-How many pairs to follow? Concentrating on only one pair maybe? But markets seems to be 90% of the time slow moving and flat in forex (at least it used to be much faster years ago as i first heard of the currency market)

So, lot of questions. Maybe someone could put some light into the dark. Appreciate your kind help in advance.
  • #17,446
  • Feb 7, 2018 12:19pm Feb 7, 2018 12:19pm
@Boobligoom / Seems your short trade on the EU turned out well. Did you booked profits yet?

On the H4 it looks even better to me now. Not sure what you think about it guys? Possible still room to sell here?
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  • #17,447
  • Feb 7, 2018 2:11pm Feb 7, 2018 2:11pm
Quoting lddd
@Boobligoom / Seems your short trade on the EU turned out well. Did you booked profits yet? On the H4 it looks even better to me now. Not sure what you think about it guys? Possible still room to sell here? {image}
Yes, I took 2 EU orders +20 and + 25p. ( the price fell by 100p after))
There was also this deal +25
GA

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Trading has been and always will be, a hard way to make an easy living.
  • #17,448
  • Feb 7, 2018 2:44pm Feb 7, 2018 2:44pm
Friends who have a TDI with an alert or an arrow? I could not find, please share
Trading has been and always will be, a hard way to make an easy living.
  • #17,449
  • Feb 7, 2018 2:47pm Feb 7, 2018 2:47pm
Some newbie questions i have.

1) If i am looking at different time frames most of the time "trends" are completely different to me.
For e.g on the M30 the overall picture is going up (SO i would think, ok uptrend...) But on the daily, H1 or even H4 the price looks to be in a down trend.

What to do here? Going long on the M30 if there would be a possible opportunity or NOT because Daily, H1, H4 is drawing another picture...

2) If there is a TDI Cross of red/green crossing. How long i would normally wait before taking a trade if the average price bars are not within my color. Most of the times where i see red/green crossing price bars are still green (if i plan to go short for e.g).

How long i would wait here? 1,2,3,4 more candles turning red? If so i most likely will miss the complete move.

3) Do i need to look for TDI Cross near to overbought or oversold areas (RED/GREEN/YELLOW above/below 68,32 levels) Or is taking trades where everything lines up near to the 50 level is just fine? I would like to trade the european session, so my regular work time 7am to 17pm. Starting in the morning right before London opens most of the times i see market is flat everything is about the TDI 50 level waiting for action, ranging markets for a couple of more hours. Waiting waiting, waiting. Ends up losing patience taking some bad signals. Possible the normal beginners fail? What to do here?

I really appreciate anyone can give me some more STRUCTURE in my trading using this method because it really seems to be a great great method for most traders here. But not sure how to end up with any golden rules or so i could follow because so many different signals, setups. I means its not just about a CROSS of two lines here and i feel kind a overhelmed by it right now.
  • #17,450
  • Edited 2:06am Feb 8, 2018 1:34am | Edited 2:06am
I took EUR/USD long. Your thoughts?

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Few moments later...

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Now thats a typical example most of the trades i do so far. Maybe i am to quick? Appreciate your comments on that "setup". For me it looked like

Green TDI bounced of red
Yellow Slope looking to upwards direction

I donīt get it...
  • #17,451
  • Feb 8, 2018 1:53am Feb 8, 2018 1:53am
Quoting lddd
Some newbie questions i have. 1) If i am looking at different time frames most of the time "trends" are completely different to me. For e.g on the M30 the overall picture is going up (SO i would think, ok uptrend...) But on the daily, H1 or even H4 the price looks to be in a down trend. What to do here? Going long on the M30 if there would be a possible opportunity or NOT because Daily, H1, H4 is drawing another picture... 2) If there is a TDI Cross of red/green crossing. How long i would normally wait before taking a trade if the average price...
Read through all of Likica's posts, click on her name and then onto the link for her posts, the answers you need can be found all in there. Study her charts, thoroughly.
Success means going from failure to failure without loss of enthusiasm
  • #17,452
  • Feb 8, 2018 1:56am Feb 8, 2018 1:56am
Quoting lddd
I took EUR/USD long. Your thoughts? {image}
It is not one I would take as the H4 is still below 32 which shows a strong downtrend.
Success means going from failure to failure without loss of enthusiasm
  • #17,453
  • Feb 8, 2018 2:01am Feb 8, 2018 2:01am
Quoting Boobligoom
Friends who have a TDI with an alert or an arrow? I could not find, please share
If you are using the same as Likica which is the synergy pro tdi, go to inputs, scroll down and make show message alert true instead of false, that will bring up the arrows.
Success means going from failure to failure without loss of enthusiasm
  • #17,454
  • Edited 4:19am Feb 8, 2018 2:12am | Edited 4:19am
Quoting lisat
{quote}It is not one I would take as the H4 is still below 32 which shows a strong downtrend.
Thanks. So looking at H4 before... okay.
  • #17,455
  • Feb 8, 2018 4:47am Feb 8, 2018 4:47am
What about that GU short?
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  • #17,456
  • Feb 8, 2018 5:11am Feb 8, 2018 5:11am
Quoting lddd
What about that GU short? {image}

First off, that's EURGBP on the screenshot.


Second off, both of them are in the downtrend currently. Why trade EURGBP then?


Head to the Babypips school and study it.
  • #17,457
  • Feb 8, 2018 5:16am Feb 8, 2018 5:16am
Quoting lddd
What about that GU short? {image}
I think that is the EG chart short and its a good short but a bit late, look at the lower low then a lower high then a close underneath the trendline, then go in, I haven't got access to copying a chart otherwise I would show you better what I mean, I will do it later on.
Success means going from failure to failure without loss of enthusiasm
  • #17,458
  • Feb 8, 2018 5:23am Feb 8, 2018 5:23am
Quoting lisat
{quote}I think that is the EG chart short and its a good short but a bit late, look at the lower low then a lower high then a close underneath the trendline, then go in, I haven't got access to copying a chart otherwise I would show you better what I mean, I will do it later on.
Thanks yes. Its EG, sorry for that. I know its a bit late.

Hereīs a screenshot of the ongoing trade currently about 10 pips in profit. Would be great if you could highlight where you would have entered your self also interested in where you would look for book profit on this trade.

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  • #17,459
  • Feb 8, 2018 5:25am Feb 8, 2018 5:25am
Quoting Botan626
{quote} Second off, both of them are in the downtrend currently. Why trade EURGBP then
Isnīt going short not the right way of what to do in a down trend?
  • #17,460
  • Feb 8, 2018 5:26am Feb 8, 2018 5:26am
Quoting lddd
{quote} Thanks yes. Its EG, sorry for that. I know its a bit late. Would be nice if you could post some screen later on at what point you would have entered. Thanks a lot.
I will do that in a couple of hours, one thing, I don't have the round number indicator on my charts, I find the pivot indicator good enough to work with, there is always a round number somewhere.
Success means going from failure to failure without loss of enthusiasm
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