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TMS for M30 charts

  • #17,461
  • Feb 8, 2018 5:51am Feb 8, 2018 5:51am
Quoting lisat
{quote}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.
You mean that BN Levels 1.02 indi on my chart? I am not even sure about its purpose heh.

I am using the template and indicators provided at post #1 TMS LK-16.rar. There is also LKC TMS 2017.zip. But for the TMS 2017 the TMS Angleator is not working for me. Not even sure why and why its so hard to provide just one latest WORKING zip of what is needed. Its confusing.

If you can provide me with some working zip of all indicators and a template got things attached to it i need for trading this method here i would really appreciate it.
  • #17,462
  • Feb 8, 2018 5:54am Feb 8, 2018 5:54am
Quoting lddd
{quote} Isnīt going short not the right way of what to do in a down trend?

Aslo this thread Forex Math Rules.


EURGBP = EU/GU.
  • #17,463
  • Feb 8, 2018 6:21am Feb 8, 2018 6:21am
Quoting Botan626
{quote} Aslo this thread Forex Math Rules. EURGBP = EU/GU.
Yeah bro. I already corrected my self. I was meaning EG and not GU. Also took the trade at EG.

How does news affect trading this method on the M30 Time Frame? I just noticed with luck my trade suddenly jumped down 70+ Pips within SECONDS. But this is not something i would like to happen on regular. Having some open trade where news hits in... Could have been also a -70 Pips i guess. Do you always look at some News Indicator before taking any trade? I have the NewsCal 1.08 now attached to some chart with data from Forex Factory, thats fine?
  • #17,464
  • Feb 8, 2018 6:28am Feb 8, 2018 6:28am
Quoting lddd
{quote} Yeah bro. I already corrected my self. I was meaning EG and not GU. Also took the trade at EG. How does news affect trading this method on the M30 Time Frame? I just noticed with luck my trade suddenly jumped down 70+ Pips within SECONDS. But this is not something i would like to happen on regular. Having some open trade where news hits in... Could have been also a -70 Pips i guess. Do you always look at some News Indicator before taking any trade? I have the NewsCal 1.08 now attached to some chart with data from Forex Factory, thats fine?...

It's not about you posted wrong chart. It's about 2 pairs going down and you are trading the division of them 2. Do you understand maths?

As for the news, FF calendar on an open browser tab should be enough.
  • #17,465
  • Feb 8, 2018 6:37am Feb 8, 2018 6:37am
Quoting Botan626
{quote} It's not about you posted wrong chart. It's about 2 pairs going down and you are trading the division of them 2. Do you understand maths? As for the news, FF calendar on an open browser tab should be enough.
What two pairs you mean now?

I focused on a EG chart and a possible EG trade in a down trending EG for a short position.

Donīt get it whats wrong with that now... I wasnīt looking at any other pair during making this decision.
  • #17,466
  • Feb 8, 2018 6:41am Feb 8, 2018 6:41am
Quoting lddd
{quote} What two pairs you mean now?

https://www.forexfactory.com/showthr...6#post10756816
  • #17,467
  • Feb 8, 2018 6:50am Feb 8, 2018 6:50am
Quoting Botan626
{quote} https://www.forexfactory.com/showthr...6#post10756816
So whats wrong with GBP/USD and EUR/GBP ?

Still not get it. Whats does GU has to do with spotting a possible short signal for EUR/GBP where EUR/GBP was down trending. I was not looking at GU at all.

You said:
"Second off, both of them are in the downtrend currently. Why trade EURGBP then"

Yes both was down trending, and whats your point here. Not going short if something is going down?
  • #17,468
  • Feb 8, 2018 6:54am Feb 8, 2018 6:54am
Quoting lddd
{quote} So whats wrong with GBP/USD and EUR/GBP ? Still not get it. Whats does GU has to do with spotting a possible short signal for EUR/GBP where EUR/GBP was down trending. I was not looking at GU at all. You said: "Second off, both of them are in the downtrend currently. Why trade EURGBP then" Yes both was down trending, and whats your point here. Not going short if something is going down?

Do the maths.


Study this thread.

https://www.forexfactory.com/showthread.php?t=334165
  • #17,469
  • Feb 8, 2018 6:57am Feb 8, 2018 6:57am
Possible short entry on EUR/USD ? H1,H4, Daily down

RED slope crossing green to the downside. Both below Yellow.

Anything else to look for?
Attached Image (click to enlarge)
Click to Enlarge Name: eu30m.png Size: 53 KB
  • #17,470
  • Feb 8, 2018 7:11am Feb 8, 2018 7:11am
Quoting Botan626
{quote} Do the maths. Study this thread. https://www.forexfactory.com/showthread.php?t=334165
That has nothing to do with what i was asking for, sorry. My question was about identifying a valid short signal for a currency pair that was obviously in a down trending condition. We talk about trading signals based on price action and 1 indicator here (Traders Dynamic Index) or?

If still taking care of every fundamental aspect of a currency pair (which should have nothing to do with technical trading at all i believe) i will never find time to enter a trade because i have to analyse until the day is over from an intraday perspective. This topic is called trading made simple i believe, not trading looking at dozens of different things to consider before making a decision.
  • #17,471
  • Feb 8, 2018 7:19am Feb 8, 2018 7:19am
Quoting lddd
Possible short entry on EUR/USD ? H1,H4, Daily down RED slope crossing green to the downside. Both below Yellow. Anything else to look for? {image}
yes, the 200 ema on H4...it's also good to have a look at this too
Attached Image (click to enlarge)
Click to Enlarge Name: DXYSPOTH4.png Size: 52 KB
the cautious seldom err....C
  • #17,472
  • Feb 8, 2018 7:24am Feb 8, 2018 7:24am
Quoting lddd
{quote} That has nothing to do with what i was asking for, sorry. My question was about identifying a valid short signal for a currency pair that was obviously in a down trending condition. We talk about trading signals based on price action and 1 indicator here (Traders Dynamic Index) or? If still taking care of every fundamental aspect of a currency pair (which should have nothing to do with technical trading at all i believe) i will never find time to enter a trade because i have to analyse until the day is over from an intraday perspective....

Why you asking if the signals are good or not then?

Trade each of them.
  • #17,473
  • Feb 8, 2018 7:27am Feb 8, 2018 7:27am
Quoting lddd
{quote} So whats wrong with GBP/USD and EUR/GBP ? Still not get it. Whats does GU has to do with spotting a possible short signal for EUR/GBP where EUR/GBP was down trending. I was not looking at GU at all. You said: "Second off, both of them are in the downtrend currently. Why trade EURGBP then" Yes both was down trending, and whats your point 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 he said as both eu and gu were going down why were you trading EG. However, all you need is for something happening like happened today, GU went up and eu stayed where it was and you have EG flying down. All you can do, is look at your charts, look at lower lows and lower highs for a sell and vice versa for buys along with a check on h4 and go in.

This is the chart I wanted to post earlier and where I would have gone in had I been watching.
Attached Image
Success means going from failure to failure without loss of enthusiasm
  • #17,474
  • Feb 8, 2018 7:29am Feb 8, 2018 7:29am
Quoting pips29
{quote} yes, the 200 ema on H4...it's also good to have a look at this too {image}
You mean the the line highlighted on this H4 screen to the mouse hover? Whats up with it?

Attached Image (click to enlarge)
Click to Enlarge Name: h4.png Size: 8 KB
  • #17,475
  • Feb 8, 2018 7:32am Feb 8, 2018 7:32am
Quoting lisat
{quote}What 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 going down why were you trading EG. However, all you need is for something happening like happened today, GU went up and eu stayed where it was and you have EG flying down. All you can do, is look at your charts, look at lower lows and lower highs for a sell and vice versa for buys. This is the chart I wanted to post earlier and where I would have gone in had I been watching. {image}

Your enter would have been on open or close price of indicated bar?
  • #17,476
  • Feb 8, 2018 7:32am Feb 8, 2018 7:32am
Quoting lisat
{quote}What 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 going down why were you trading EG. However, all you need is for something happening like happened today, GU went up and eu stayed where it was and you have EG flying down. All you can do, is look at your charts, look at lower lows and lower highs for a sell and vice versa for buys. This is the chart I wanted to post earlier and where I would have gone in had I been watching. {image}
thanks, now understand Yes would have been much better entry for sure. But did not see it that quick.
  • #17,477
  • Feb 8, 2018 7:38am Feb 8, 2018 7:38am
Quoting Botan626
{quote} Your enter would have been on open or close price of indicated bar?
The open as the previous bar had closed beneath the trendline, H4 candle had closed below yesterdays low, no hesitation.
Success means going from failure to failure without loss of enthusiasm
  • #17,478
  • Feb 8, 2018 7:39am Feb 8, 2018 7:39am
Quoting lddd
{quote} thanks, now understand Yes would have been much better entry for sure. But did not see it that quick.
If I don't see it at the time, I don't go into it at all.
Success means going from failure to failure without loss of enthusiasm
  • #17,479
  • Feb 8, 2018 7:44am Feb 8, 2018 7:44am
Quoting lisat
{quote}If I don't see it at the time, I don't go into it at all.
Yeah, thanks. Makes sense. Still learning :-)
  • #17,480
  • Feb 8, 2018 7:47am Feb 8, 2018 7:47am
Quoting pips29
{quote} yes, the 200 ema on H4...it's also good to have a look at this too {image}
You mean H1 134 EMA ? Because current price there is running into this area and not away from it?
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