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TMS for M30 charts

  • #17,721
  • Edited 7:40am Apr 26, 2018 7:27am | Edited 7:40am
busy practicing today, took aud/jpy and gbp/jpy shorts ..... gbp/jpy won ...and the other one was not far from tp when reversed for b/e
took eur/aud too, ... it reversed and i took a minor loss due to where my sl was

but eur/usd is the one i'm sad about, no h4 to help me in this one ..this was more a likica styled trade, double bottom with div and OB ....and price got stuck at resistance and reversed. I thought it is ok to take and should go through the resistance likica? as price tested it very recently


edit: i'm not entirely sure if the tdi crossed on tdi pro..., it definitely crossed on tdi watchdog, and i had taken it from looking at tdi watchdog ..but put my likica template on to upload it for here.., dol is in wrong position on this chart

edit 2: have upload my chart with tdi watchdog too,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd 26.04.18 likica styled trade fail.png Size: 32 KB
Click to Enlarge Name: eurusd 26.04.2016 differant dol.png Size: 31 KB
  • #17,722
  • Apr 26, 2018 9:48am Apr 26, 2018 9:48am
Quoting kain775
busy practicing today, took aud/jpy and gbp/jpy shorts ..... gbp/jpy won ...and the other one was not far from tp when reversed for b/e took eur/aud too, ... it reversed and i took a minor loss due to where my sl was but eur/usd is the one i'm sad about, no h4 to help me in this one ..this was more a likica styled trade, double bottom with div and OB ....and price got stuck at resistance and reversed. I thought it is ok to take and should go through the resistance likica? as price tested it very recently edit: i'm not entirely sure if the tdi crossed...
your EU long was not my style while price stepping down...
Attached Image (click to enlarge)
Click to Enlarge Name: 26.4.18 EURUSDM30.png Size: 91 KB
Appreciation is the key to wealth and happiness
  • #17,723
  • Edited 12:25pm Apr 26, 2018 12:02pm | Edited 12:25pm
Quoting likica
{quote} your EU long was not my style while price stepping down... {image}


I have some of your trades bookmarked and it looks to me the same as this trade you took expect you were shorting at resistance and I was going long at support

https://www.forexfactory.com/attachm...9&d=1478091073

price is stepping up here, is it not?


edit: only real difference i can see between your trade and mine is that your outside bar [APB] looks stronger than mine. The outside bar on my APB is filled with less colour implying it is weaker?
  • #17,724
  • Apr 27, 2018 3:52am Apr 27, 2018 3:52am
Quoting kain775
{quote} I have some of your trades bookmarked and it looks to me the same as this trade you took expect you were shorting at resistance and I was going long at support https://www.forexfactory.com/attachm...9&d=1478091073 price is stepping up here, is it not? edit: only real difference i can see between your trade and mine is that your outside bar [APB] looks stronger than mine. The outside bar on my APB is filled with less colour implying it is weaker?
You had good eyes on my bearish outside bar which played a big role in my decision (without it there would not be a trade for me in that instance).

A very important factor you seem not to care so much is that you trade has a very small space for your profit as it was reaching ADR max plus your trade also got hit by positive USD news out which made Euro went down, where my trade had lots of space for my profit before it reached ADR (those 2 lines marked on my chart).

You need more time to study locations and price actions, until then, not so many greenies if only comparing indicators/ divergence. You will get there eventually
Appreciation is the key to wealth and happiness
  • #17,725
  • Apr 27, 2018 4:00am Apr 27, 2018 4:00am
GA reached ADR for the day.
Attached Image (click to enlarge)
Click to Enlarge Name: 26-27.4.18 GBPAUDM30 off R +.png Size: 89 KB
Appreciation is the key to wealth and happiness
  • #17,726
  • Edited Apr 29, 2018 6:12am Apr 28, 2018 11:54pm | Edited Apr 29, 2018 6:12am
Hi Likica, I have a question to you. How much important are trend lines in your trading style ?

On your last screen I don't see you using trend lines. Are trend lines only additional tool for you ?

Also please comment on my losing trade attached below - any mistakes I made ?
Attached Image (click to enlarge)
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  • #17,727
  • Apr 29, 2018 6:23am Apr 29, 2018 6:23am
Quoting kain775
{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...
Now I'm back home and studying the charts for last week, I probably wouldn't have taken the trade on EJ. The only time it had hit the 1 hour 62 was where it hit it first and bounced, then went through it on its way up. Coming back down could easily have been a retest of that area before continuing, and as EJ was still making higher highs the only thing I can see in favour of the trade would have been the divergence and I wouldnt have taken that on its own. I have also attached the h4 at the time, with not a lot going in favour of short.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYSBM30.png Size: 75 KB
Click to Enlarge Name: EURJPYSBH4.png Size: 71 KB
Success means going from failure to failure without loss of enthusiasm
  • #17,728
  • Apr 29, 2018 7:25am Apr 29, 2018 7:25am
Quoting czeczek
Hi Likica, I have a question to you. How much important are trend lines in your trading style ? On your last screen I don't see you using trend lines. Are trend lines only additional tool for you ? Also please comment on my losing trade attached below - any mistakes I made ? {image}
There are many things combine to consider a good trade for me. The most important factor is locations, then price actions then indicators (TDI, stoc., trendlines, etc.). Your trade stood on a weak S/R (not a good location) , if you can not see it, zoom you chart out and look left and have a good guess what price will be doing next...
Appreciation is the key to wealth and happiness
  • #17,729
  • Apr 29, 2018 7:33am Apr 29, 2018 7:33am
Thanks Likica for your help
  • #17,730
  • Apr 29, 2018 8:10am Apr 29, 2018 8:10am
Quoting likica
{quote} There are many things combine to consider a good trade for me. The most important factor is locations, then price actions then indicators (TDI, stoc., trendlines, etc.). Your trade stood on a weak S/R (not a good location) , if you can not see it, zoom you chart out and look left and have a good guess what price will be doing next...
Thank you for this thread. Very useful. Question: Do you ever use TICK volume as a factor in defining "right place" for a trade? Or do you consider tick volume as meaningless or maybe excessive information? I am open to any opinion. Myself, I still study practicality of volume application.
  • #17,731
  • Apr 29, 2018 10:35am Apr 29, 2018 10:35am
Quoting Olgrim
{quote} Thank you for this thread. Very useful. Question: Do you ever use TICK volume as a factor in defining "right place" for a trade? Or do you consider tick volume as meaningless or maybe excessive information? I am open to any opinion. Myself, I still study practicality of volume application.
I only use tick vol in trading Futures, and not in Forex as it reflects real vol of market movement and not by brokers. If you read all my posts, you would know I have been trading Futures before stepping in Forex ( I am still doing it).

I believe there is enough info here for those who wish to be successful in Forex business if they really pay attention. I don't think you need to add more to make it more complicated unless you are already good at it, I would suggest you open your own thread to share if that is the case.

Quite a while ago, I was open to new things, new ideas posted by other traders, then I realized that only confused newbies and not so newbies. I stopped posting when I saw people got distracted by others. I might not continue posting regularly here if I don't see the needs.
Appreciation is the key to wealth and happiness
  • #17,732
  • Apr 29, 2018 12:06pm Apr 29, 2018 12:06pm
Quoting lisat
{quote} Now I'm back home and studying the charts for last week, I probably wouldn't have taken the trade on EJ. The only time it had hit the 1 hour 62 was where it hit it first and bounced, then went through it on its way up. Coming back down could easily have been a retest of that area before continuing, and as EJ was still making higher highs the only thing I can see in favour of the trade would have been the divergence and I wouldnt have taken that on its own. I have also attached the h4 at the time, with not a lot going in favour of short....


thanks, now that you pointed it out [the bounce, then blowthrough] I see what you mean when you say price could return to retest it.
I think the same is also true for the pivot.

The trade I took was based on divergence at the weekly fib [resistance], ..then passing through my trendline and a golden cross.
if the ema/fib hadn't of been there do you think you would have taken it then?


I also got into another practice trade a few days ago on aud/jpy

-we had divergence on m30 from afar [also h4 div]
-a higher low on support, then a higher high with a bullish outside bar which also closed above yesterdays low
-the 124 ema [purple] and 200 ema [green] were in the way but looked to me like they had seen a lot of action this week so price might blow through

price got stuck at them and reversed to the downside sloping tdi down on m30 and h4, and crossed on m30 for like 1 bar ..which is an exit signal ...but since then price has recovered and looks like it could pass through the ema's
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy 27.04.2018.png Size: 41 KB
  • #17,733
  • Apr 29, 2018 12:11pm Apr 29, 2018 12:11pm
Quoting likica
{quote} There are many things combine to consider a good trade for me. The most important factor is locations, then price actions then indicators (TDI, stoc., trendlines, etc.). Your trade stood on a weak S/R (not a good location) , if you can not see it, zoom you chart out and look left and have a good guess what price will be doing next...
Hello Likica,

I would like to know what you consider a good location. i.e. location where price is likely to revert. Can you please provide a little more details about this ?

Thanks in advance.
  • #17,734
  • Apr 29, 2018 10:21pm Apr 29, 2018 10:21pm
Quoting samuel2133
{quote} Hello Likica, I would like to know what you consider a good location. i.e. location where price is likely to revert. Can you please provide a little more details about this? Thanks in advance.
Look left to find out what price might be doing next. My good locations can be a revisit of last swing high/low, or 61.8%-70.4% Fib area of the previous move.
Take a look at GA M30 chart and you have a rough idea of one of my good locations which I shared recently, or study any of you favorite pairs to find a good spot yourself... you don't need any s/r indicator to tell you though. Time for self-study is vital for any improvement.
Attached Image (click to enlarge)
Click to Enlarge Name: 30.4.18 MonGBPAUDM30.png Size: 141 KB
Appreciation is the key to wealth and happiness
  • #17,735
  • Apr 29, 2018 10:33pm Apr 29, 2018 10:33pm
a trade I took on Fri day, another sample of good location with divergence...
Attached Image (click to enlarge)
Click to Enlarge Name: 27.4.18 USDCADM30 BDIV @sr+.png Size: 81 KB
Appreciation is the key to wealth and happiness
  • #17,736
  • Apr 29, 2018 10:44pm Apr 29, 2018 10:44pm
GU is crawling around S/R, by the look at TDI, profit taking occur, bulls are not here yet.
Attached Image (click to enlarge)
Click to Enlarge Name: 30.4.18 Mon GBPUSDH1.png Size: 153 KB
Appreciation is the key to wealth and happiness
  • #17,737
  • Apr 29, 2018 10:45pm Apr 29, 2018 10:45pm
Have a fabulous week to all of us
Appreciation is the key to wealth and happiness
  • #17,738
  • Apr 30, 2018 4:14am Apr 30, 2018 4:14am
woke up quite early,..but decided to go back to sleep and as a result missed this great trade
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 30.04.2018.png Size: 35 KB
  • #17,739
  • Apr 30, 2018 7:48am Apr 30, 2018 7:48am
Quoting kain775
woke up quite early,..but decided to go back to sleep and as a result missed this great trade {image}


managed to get in on this during a pullback, price has hit my tp


also entered this trade on gpb/aud

-h4 wasn't on my side but there was no strong bearish h4 pattern bullying my trade
- double bottom, div, dblhc, also YL rejection
-tdi watchdog had a strong cross but it was BARELY touching, i took the trade at the open of the next bar which opened a bullish apb [i think this is how big e took it?]

tdi synergy probably didn't cross, and the next bar was bearish so it's very difficult to even see the cross on watchdog now


price is currently not too far from my tp
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gpbaud 30.04.2018 dblhc no strong bearish h4 pattern mogging me.png Size: 28 KB
Click to Enlarge Name: gpbaud 30.04.2018 dblhc no strong bearish h4 pattern mogging me p2.png Size: 29 KB
  • #17,740
  • Apr 30, 2018 7:54am Apr 30, 2018 7:54am
aud/usd inside bar experiment

-div
- double bottom, also at pivot
-IB bar, then price ranges above top of IB = long
-tdi not crossed and mbl line is far away but as trade has two supports it might work?

-h4 is looking pretty bearish, this is definitely not a trade with h4 type trade


currently short on ej too [a d1 trade] as price pulled back like i expected in this post:

https://www.forexfactory.com/showthr...7#post11009747
Attached Image (click to enlarge)
Click to Enlarge Name: audusd 30.04.2018 IB experiment.png Size: 39 KB
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