TMS for M30 charts

Quoting lisat

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EA +53.1 {image} {image}

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Quoting lisat

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GU +50 {image} {image}

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Quoting v2vboni

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This reminded me of LK... Cat Ears formation. {image}

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Quoting kain775

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{quote} nice trading, congratz. Hello lisat, I don't tend to find as many trades as you on a weekly basis .. I spend a lot of time just sitting and waiting why did you take this trade, and also not afraid of the 124ema and pivot blocking your path

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Quoting lisat

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{quote}With the EA trade I was less afraid of the 124 and pivot as it had been through both quite a few times this week both going up and down, so not as strong in my eyes. With GU, price tested the 38% resistance earlier in the Asia session so chances are it was likely to go through this time with London opening, the H4 was also looking very bearish. I should really have waited till it closed underneath the pivot which it did on the next candle, but you never know how far GU will move at London open and I didn't want to miss it altogether.

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Quoting lisat

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EJ +50 today and yesterdays are showing on there which I didn't get time to post by the time it finished. Todays trade was taken a bit late compared to what I usually like but luckily it worked anyway. {image} {image}

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Quoting kain775

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{quote} I am looking at your trade here on the 19th and I can see two divergences and a small bullish doji candle on H4 before you went short ...but i'm not really sure why you went short as normally I would need more than divergence to go short, and the H4 was slightly bullish ....what am I missing here?

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Quoting likica

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{quote} Did you get in?

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Quoting lisat

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{quote}H4 was slightly bullish but there was divergence on both m30 and H4, also the trendline marked below on the h4, along with R38 and price fell back below the high of 18th. I've posted below the h4 chart the image when I entered the first trade on m30 which shows the h4 tdi had started to fall nicely. {image} {image}

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Quoting kain775

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{quote} Hi, thanks it took me a very long time to spot your trendline. Do you mean the yellow trendline connecting the two high points? ..I was looking for a trendline coming from below I think I need a lesson in trendlines as you seem to draw them differently than me, I always connect 3 points to make a trendline, but are you connecting two swing highs or two swing lows to form your trendline also I have marked on your chart where resistance looks like it's turned to support but you shorted? or am I wrong and that isn't resistance turned into support...

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Quoting lisat

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{quote} Yes the trendline I meant was the yellow one at the high points. Strictly speaking a valid trendline is one that has 3 points 2 points and a 3rd that tests it and bounces from it, so if looking for a break of a trendline it would need to have 3 points like that but i very often look for the 3rd point to bounce from. You're also right that it was resistance turned to support but price had tried that support once and so weaker and likely to go through on a second go.

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Quoting kain775

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{quote} with pivots, if a pivot has not been touched yet for the week, how do you approach it if you get a tdi setup? do you assume price will go through the pivot and take the trade ...or not take the trade and assume the pivot will rebound the price

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Quoting lisat

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{quote} I wouldn't take a trade too near a pivot especially if it hasn't been touched yet. I don't really like to take the trade really at all unless it is far enough away for me to move to break even.

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Quoting kain775

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{quote} I have been trying some of your tips today had a winning trade on eur/cad - I hope that wasn't luck, and eur/aud went not far from the tp before it reversed and took me out for b/e [i might post them later] I wonder what you think of this trade? at the time of writing it is on the brink of failing.. eur/jpy - I saw divergence on m30 at the pivot - i saw price break the trendline from the most recent leg that you like to draw - H4 is angling down but the previous h4 bar was still bullish ..but i thought perhaps the two above things would...

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Quoting lisat

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{quote}sorry it's taken so long to answer you kain I'm in France at the moment on holiday so haven't got access to the charts properly. from what I can see on your chart it was certainly worth a shot and I would probably have taken the chance I will look again properly when I get back on Saturday.

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