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TMS for M30 charts

  • #17,561
  • Feb 12, 2018 4:50am Feb 12, 2018 4:50am
Quoting lddd
Sucks :/ At time i took the trade the TMS Angleator showed everything down (red arrows) until the H4 btw. One candle later everything looks up again. Great indicator I see dozens of "possible" trades just according to counting TDI crosses on the M30 and even on the H4 that would have ended like that... I mean "how" picky you have to be? Watching London until its over or your eyes felt down for 1 possible trade just to see its changing direction in a couple of minutes again? Possible this is considered at a ranging market condition right now...
That's right, it hasn't failed yet, you would come out if there was a good signal the other way or if not have your stop loss above the last swing high.

The trendline I drew looks like this:
Attached Image (click to enlarge)
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Success means going from failure to failure without loss of enthusiasm
  • #17,562
  • Feb 12, 2018 5:01am Feb 12, 2018 5:01am
Quoting lddd
Sucks :/ At time i took the trade the TMS Angleator showed everything down (red arrows) until the H4 btw. One candle later everything looks up again. Great indicator I see dozens of "possible" trades just according to counting TDI crosses on the M30 and even on the H4 that would have ended like that... I mean "how" picky you have to be? Watching London until its over or your eyes felt down for 1 possible trade just to see its changing direction in a couple of minutes again? Possible this is considered at a ranging market condition right now...
If you want to be picky like me, only take hidden divergence followed by a regular divergence at S/R. Spend more time reading my posts if you wish to learn how I trade.
I cant post my chart as i m on my phone atm.
Appreciation is the key to wealth and happiness
  • #17,563
  • Edited 5:45am Feb 12, 2018 5:24am | Edited 5:45am
Quoting likica
{quote} If you want to be picky like me, only take hidden divergence followed by a regular divergence at S/R. Spend more time reading my posts if you wish to learn how I trade. I cant post my chart as i m on my phone atm.
Hey likica great to hear you are still at life Yes i already looked at divergence but find it really hard to spot. Looking at past price action / history there is enough time for drawing trendlines and so on correctly. But how do you do this right away from london open? Looking at multiple m30 charts, looking at TDI crosses, spotting divergence, still looking at what the H4 is doing. (thats overhelming at least for now to me) In most cases right now for me all this ends up in taking a trade in a ranging condition or not according to your TDI rules at all because i felt missing the signal entry on time (as soon as possible there was a TDI cross, because most times like said going with candle 2 or 3 is already beeing to late to the party).

Would be really a great / much better help (at least for trading newbies like me) to have people here showing what they are actually doing during a regular trading day with providing some live screen records or what ever. Looking only at past charts to me. Even a newbie like me is able to spot whats a good trade and whats a loser looking at past actions but not where price to the right side of the chart is not available yet...

If this is not possible i would be also willing to visit any retail trader here and sitting next to his/her screen for some weeks hehe.

Thats actually a situation i hate most on trading. Backtesting and analysing historical charts okay. But nearly nobody is showing what he/she/it is doing under a real live condition during lets say the london session going from 9am-17pm (my time GMT +1). Thats something could really help me improve trading as i would learn how to actually DO things instead of looking into the past.
  • #17,564
  • Feb 12, 2018 6:18am Feb 12, 2018 6:18am
Quoting lddd
{quote} Hey likica great to hear you are still at life Yes i already looked at divergence but find it really hard to spot. Looking at past price action / history there is enough time for drawing trendlines and so on correctly. But how do you do this right away from london open? Looking at multiple m30 charts, looking at TDI crosses, spotting divergence, still looking at what the H4 is doing. (thats overhelming at least for now to me) In most cases right now for me all this ends up in taking a trade in a ranging condition or not according...
Yes, I am still living happily . Hope everyone here is well too.
I appreciated all support and sharing from other traders and enjoyed reading those posts, I guessed I am getting old .
The most terrible habit is chasing a trade with the feeling of missing...
Would you become a specialist by having a few months studying then a few months practising demo and failed on one method, then changed to the next method and repeated the same all over again?
Sounds crazy, right? But most of new and not so new traders have been doing like that until no resources left to use.
- learn the basics ie price actions and then apply/ blend it with indies, (study theory)
- practise what you learnt by trading demo ( reviews and prepare for tests)
- do many small tests ( trading small vol and live); if you passed move to exam ( increase th your vol.)
It is really boring t o look at past trades on old charts but that is part of learning process. If you don't, then you will not pass ypur tests.
You can only use what you have, so if you are available during LO, only get in a trade that meets your criteria. If no set up at LO, sit still and watch the pair that is near S/R and wait for a setup. Dont chase or force a trade or you end up get nervous and stressed because you let your emotion control your actions as deeo inside you know you are not doing the right thing based on what you learnt and practised .

I need to stop here as my eyes r getting tired looking at my phone too long.

Have a good day and fabulous week.
Appreciation is the key to wealth and happiness
  • #17,565
  • Feb 12, 2018 6:54am Feb 12, 2018 6:54am
Quoting likica
{quote}Would you become a specialist by having a few months studying then a few months practising demo and failed on one method, then changed to the next method and repeated the same all over again? Sounds crazy, right? But most of new and not so new traders have been doing like that until no resources left to use.
100% agree!

Thats also not my kind a nature and what i want to do. I came to trading about 10 years ago, followed some methods but mostly never sticked to it because they all looked already questionable at this time to me because of so much indicators used.

Now i am seriously back here after some friends suggested to find a stategy really concentrating on naked trading/ price action and not more than one main indicator producing valueable signals what led me here. I will stick to it and learn it.

I am trading small lot sizes on a live micro account. I don´t believe in demo trading too much as i tried all this years before always ended in trading a few month demo like a champ, went live and success was gone..

That said, the main challenge to me right now is finding a profitable/efficient way of how to trade this method (where i still need to do a daily job). So i can´t watch charts flow 8 hours mo-friday.

So here i stuck. I don´t know what are the preparations to do in correct order to

A) save time
B) beeing selective/picky enough
C) bear in mind all the rules for a valid signal

I am fine with this taking a lot of practise. But i am afraid of spending to much time into the wrong practise (i am not getting younger) by looking at historical data for e.g which never helped me so far with a trade because every day the chart looks different to me.
  • #17,566
  • Feb 12, 2018 8:11am Feb 12, 2018 8:11am
entered right now. i look
UJ.
Divergence/ trendLine/TDI
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Trading has been and always will be, a hard way to make an easy living.
  • #17,567
  • Feb 12, 2018 8:56am Feb 12, 2018 8:56am
Quoting Boobligoom
entered right now. i look UJ. Divergence/ trendLine/TDI {image}
When you draw divergence you need to join up the peaks and troughs on the indicator and the same on the price at the same points.
Success means going from failure to failure without loss of enthusiasm
  • #17,568
  • Feb 12, 2018 9:06am Feb 12, 2018 9:06am
Like this Boobligoom, pic taken from internet as an example, classic and hidden
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"You know what needs to be addressed , completely completely reverse that".
  • #17,569
  • Feb 12, 2018 9:18am Feb 12, 2018 9:18am
One on the UC, 4 hr chart, bearish but don't blindly take the trade, no guarantee. How many times have I done that only to loose
Attached Image (click to enlarge)
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"You know what needs to be addressed , completely completely reverse that".
  • #17,570
  • Feb 12, 2018 9:36am Feb 12, 2018 9:36am
Quoting Kmw
One on the UC, 4 hr chart, bearish but don't blindly take the trade, no guarantee. How many times have I done that only to loose {image}
why did you say it's bearish ..price is making HH and HL
the cautious seldom err....C
  • #17,571
  • Feb 12, 2018 10:31am Feb 12, 2018 10:31am
I am also Short with UJ after EG and EU short failed already today i guess this will fail too. Market movement is horrible today, everything up and down a couple of pips the complete day so far
  • #17,572
  • Feb 12, 2018 10:52am Feb 12, 2018 10:52am
Year out of UJ... 3 trades today 3 losses, a minus 60 Pips again :-)
  • #17,573
  • Feb 12, 2018 12:08pm Feb 12, 2018 12:08pm
Quoting lisat
{quote}When you draw divergence you need to join up the peaks and troughs on the indicator and the same on the price at the same points.
Oh sure. I noted a little in a hurry, just to show off. the divergence was weak, but it was.
Trading has been and always will be, a hard way to make an easy living.
  • #17,574
  • Feb 12, 2018 12:16pm Feb 12, 2018 12:16pm
Quoting Kmw
One on the UC, 4 hr chart, bearish but don't blindly take the trade, no guarantee. How many times have I done that only to loose {image}
Oh yeah) I've also seen it since last week. The best place to enter is 1.2650-80. Or enter after the breakdown of the trend line
Attached Image (click to enlarge)
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Trading has been and always will be, a hard way to make an easy living.
  • #17,575
  • Feb 12, 2018 12:18pm Feb 12, 2018 12:18pm
Quoting pips29
{quote} why did you say it's bearish ..price is making HH and HL
this is exactly bearish.) The signal for a trend reversal or its temporary stop
Trading has been and always will be, a hard way to make an easy living.
  • #17,576
  • Feb 12, 2018 12:21pm Feb 12, 2018 12:21pm
[quote = lddd; 10770437] Год выхода из UJ ... 3 сделки сегодня 3 потери, минус 60 пунктов снова: -) [/ quote]
Patience .. you will succeed. My trades UJ closed at a profit of +20 and +15 p.
Trading has been and always will be, a hard way to make an easy living.
  • #17,577
  • Feb 12, 2018 12:50pm Feb 12, 2018 12:50pm
Quoting pips29
{quote} why did you say it's bearish ..price is making HH and HL
hahaha my simbiling
  • #17,578
  • Edited 2:12pm Feb 12, 2018 1:59pm | Edited 2:12pm
Quoting Boobligoom
[quote = lddd; 10770437] Год выхода из UJ ... 3 сделки сегодня 3 потери, минус 60 пунктов снова: -) [/ quote] Patience .. you will succeed. My trades UJ closed at a profit of +20 and +15 p.
Hah. And you're sure you went short not long?

Here´s what my trade looked:

@M30
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@H4
Attached Image


I am also not sure why in the histogram there is no TDI Cross now on the screen. I was getting an TDI cross alert for that one as well as visible appeared there. Now its somehow gone, lol..

Now this UJ trade is good and typical example

A) they move a few pips to my advantage as expected but then rapidly shoots in the other direction or...
B) they move a few pips up and down before the trade directly starts going into a sideways market and i am stopped out soon or later or with luck break even (if monitoring the trade all the time)

Regarding to the H4, for me at time i entered short it looked down trending to me. The last candle was a also a quiet large bearish one.

Please tell me if this is somehow identified incorrectly by me and if so how to determine at time i would like to enter a M30 trade if H4 is in a down or uptrend. I mean how far away to the left i have to look at H4? Some more H4 candles, days, even weeks? i guess the last main "swing" from low to high or high to low should be enough to take care of while trading a quicker timeframe.

thanks in advance
  • #17,579
  • Feb 12, 2018 2:37pm Feb 12, 2018 2:37pm
what do you think about this trade lisat?

I was using micro highs and lows. I think you use them also when trading?

price ended up going about 28, and not 50 pips.

anything I did wrong?

two charts here. One is a naked chart and shows my price action thoughts much clearer

ema = 124ema
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  • #17,580
  • Feb 12, 2018 2:51pm Feb 12, 2018 2:51pm
And here's the EJ trade i took today for a sweet -20 pips again. But here at least i can say i saw the problem on the H4...
Attached Image (click to enlarge)
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