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TMS for M30 charts

  • #17,781
  • May 30, 2018 7:33am May 30, 2018 7:33am
Quoting Valentina19
Hi traders, I'm a TMS apprentice and I love this thread for its wealth of examples which I'm working my way through and want to thank everyone for their contributions. I also wanted to PM Lisa but haven't quite figured out how to do that on FF so I thought I'd ask here and hopefully she sees it. I was going through some posts from last year and she had talked about compounding after every trade, with impressive results. My question is if her results continue to be so amazing with this system? I'm taking your advice to heart Lisa and reading some...
Thank you for the kind words Valentina, compounding is something I still do, keeping the risk the same on every trade against my new balance, but its not something you should try until you have a clear understanding of what looks to be an A+ trade and only going for those. At first you should practise, practise and practise. Post trades here that you take so that we can take a look at them. Good luck with your trading
Success means going from failure to failure without loss of enthusiasm
  • #17,782
  • May 30, 2018 8:53am May 30, 2018 8:53am
Quoting lisat
{quote}Thank you for the kind words Valentina, compounding is something I still do, keeping the risk the same on every trade against my new balance, but its not something you should try until you have a clear understanding of what looks to be an A+ trade and only going for those. At first you should practise, practise and practise. Post trades here that you take so that we can take a look at them. Good luck with your trading



what in your opinion are the key ingredients that make up an A+ trade lisa? ..or high probability trade

I opened a new account late february ..am risking 1.25% of my account on each trade, and since late february am up 10%. I know it's not much ..but it's a damn side better than my other account which just seemed to get lower and lower each week until the time came it was margin called.

I work full time now, so am often too tired to trade london [although i am available to trade it, but just usually too tired] ..so i am not trading as much as i would like
  • #17,783
  • May 30, 2018 10:57am May 30, 2018 10:57am
Quoting kain775
{quote} what in your opinion are the key ingredients that make up an A+ trade lisa? ..or high probability trade I opened a new account late february ..am risking 1.25% of my account on each trade, and since late february am up 10%. I know it's not much ..but it's a damn side better than my other account which just seemed to get lower and lower each week until the time came it was margin called. I work full time now, so am often too tired to trade london [although i am available to trade it, but just usually too tired] ..so i am not trading...
Well I primarily I like to see 3 timeframes agreeing with each other, so on either m15 agreeing with H1 and H4. I don't particularly look at the "trend" on the higher timeframes but the single candles or candle patterns, along with s/r, divergence etc. I have found if I look at all 3 and I say the word "but" to myself then I shouldn't take it I now have all 3 on the screen at all times then I can just glance otherwise I can easily miss something I should have seen. I have the supply and demand indicator that Likica uses but only on h4 I found it puts me off on the lower ones, along with the normal pivot indicator we use.

I've been posting on pips29's thread because I have been using the ma's that he has on his and so seems better to post my trades there. I have the ma cloud on my smaller timeframe chart and look for a close either above or below depending on whether its a sell or buy which seems to help a lot also.

And well done on the 10% gain, that is very good.
Success means going from failure to failure without loss of enthusiasm
  • #17,784
  • May 30, 2018 12:30pm May 30, 2018 12:30pm
Quoting lisat
{quote}Well I primarily I like to see 3 timeframes agreeing with each other, so on either m15 agreeing with H1 and H4. I don't particularly look at the "trend" on the higher timeframes but the single candles or candle patterns, along with s/r, divergence etc. I have found if I look at all 3 and I say the word "but" to myself then I shouldn't take it I now have all 3 on the screen at all times then I can just glance otherwise I can easily miss something I should have seen. I have the supply and demand indicator that Likica uses but only on...

I think your approach does sound like a good one

I will start looking at that thread some more too..
  • #17,785
  • May 30, 2018 2:36pm May 30, 2018 2:36pm
I think its very good because it concentrates a lot on PA.
Success means going from failure to failure without loss of enthusiasm
  • #17,786
  • May 31, 2018 8:36am May 31, 2018 8:36am
hidden div, div, double top, and close below pivot, tdi on h4 less than 50

entered on a pending order to get better risk reward..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud 31052018 hidden and div and tdi make ll and lh.png Size: 34 KB
  • #17,787
  • Jun 2, 2018 10:19am Jun 2, 2018 10:19am
Quoting kain775
{quote} As for the original question about entering trades late in the trading day [past US open] .. I agree with you that sometimes price can range a lot and do nothing at this time till next day sometimes. i used to find this problem too so try not to trade past US open, ..but recently I think I may have found how to know if price will continue ..but am not sure yet, it needs more testing. I will try and make a post on it if the testing proves successful but like yourself, I am still eager to see likica's opinion on this
Hi, kain775, regarding 'how to know if price will continue', I was wondering if you have any success with it. If you need any help, I am all ears since I'm also interested in this topic. Thx for your time!
Shuo
  • #17,788
  • Jun 2, 2018 4:47pm Jun 2, 2018 4:47pm
Hi Likica.You previously posted this:"HHLL indie can be downloaded from paper clip on top right of this thread named "!_MTH MT4 B6 10HiLo Indi"

However i have searched the attachments in the paperclip and i cannot find the HHLL indicator that you use on your charts.Please help me get it.If anyone knows how i can get this indi please assist.
  • #17,789
  • Jun 2, 2018 9:57pm Jun 2, 2018 9:57pm
Quoting zhangshuo
{quote} Hi, kain775, regarding 'how to know if price will continue', I was wondering if you have any success with it. If you need any help, I am all ears since I'm also interested in this topic. Thx for your time! Shuo

It still needs more testing but I am thinking conditions similar to the one I posted a few posts back where I had hidden div on m30 and h4 and went short into the trendline which was blocking my way ...are the sorts of trades which may work.

I tried a setup like that again [didn't post it] and this time price hit the trendline, reversed and stopped me out, so I am thinking probably best to not assume it will plow through any oncoming support and to wait for a clear path, ....but these sorts of setups with support from the higher timeframe i think are more likely to reach their targets.

most of my hidden divergence trades are winning now, so i'm going to assume the trendline was why that one failed and not me doing something else wrong.

The more I use the H4, the more and more I notice how the condition of the H4 can effect trades on m30.....
when sh*t starts to align the trade is more likely to succeed....
  • #17,790
  • Jun 3, 2018 8:43am Jun 3, 2018 8:43am
Quoting kminler
{quote} Hi Likica Thanks for your offer. I trade a very basic retracement strategy, I have an indicator, Marco-ColorCrossoever which defines the trend with a 35 ma and uses two fast Ma to confirm retracements, generally the 8 and 3 periods. Then I require a TDI cross, the TDI cross could happen before the confirmed retracement. In addition to these major criteria, I have a whole slew of factors I look at; candlestick patterns, S&R, news, which in New York is a major headache, big round numbers and even Davits pivots. For some reason 'upload screenshot'...
I am not quite sure if any of what have been sharing here have helped you Keith after I read your post mentioning Macro... 35MA, that's why I didn't reply. Then I thought since I asked you to share so I feel like I owe you an answer .

Do what already worked for you, and to help you as you mentioned retracement, you might like to keep an eye at 61.8%fib and look left to see what price was doing recently at that location. Be more selective with your entries and do not fall into those traps entering at shallow retracements because it surely comes back and kick you out if you set tight stop-losses.

Attached image is an illustration of a hidden divergence (purple lines)+ regular divergence (small white lines)@61.8%Fib + S/R. Try and see the results yourself. I remember I mentioned locations locations locations many times. Nothing is new to add, the method hardly fail, only most traders fail to apply correctly as told.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.6.18 AUDCADM30 @61.8fib hd.png Size: 78 KB
Appreciation is the key to wealth and happiness
  • #17,791
  • Jun 3, 2018 8:51am Jun 3, 2018 8:51am
Quoting ichikuse
Hi Likica.You previously posted this:"HHLL indie can be downloaded from paper clip on top right of this thread named "!_MTH MT4 B6 10HiLo Indi" However i have searched the attachments in the paperclip and i cannot find the HHLL indicator that you use on your charts.Please help me get it.If anyone knows how i can get this indi please assist.
here
Appreciation is the key to wealth and happiness
  • #17,792
  • Jun 3, 2018 9:01am Jun 3, 2018 9:01am
It's interesting to see how price reacted at S/R (lookleft) and 61.8fib
Attached Image (click to enlarge)
Click to Enlarge Name: 1.6.18 AUDUSDM30 price retraced @61.8fib.png Size: 76 KB
Appreciation is the key to wealth and happiness
  • #17,793
  • Jun 3, 2018 12:12pm Jun 3, 2018 12:12pm
Quoting likica
{quote} here
Awesome thanks a lot from the indi and the system!
  • #17,794
  • Jun 4, 2018 9:32am Jun 4, 2018 9:32am
Quoting likica
{quote} I am not quite sure if any of what have been sharing here have helped you Keith after I read your post mentioning Macro... 35MA, that's why I didn't reply. Then I thought since I asked you to share so I feel like I owe you an answer . Do what already worked for you, and to help you as you mentioned retracement, you might like to keep an eye at 61.8%fib and look left to see what price was doing recently at that location. Be more selective with your entries and do not fall into those traps entering at shallow retracements because it...
Hi Likica

I understand your reluctance to reply, as a long time follower I know how hard you have had to work to keep the thread focused on TMS, and I thank you for your reply.
You are right about shallow retracements, unfortunately, I have not been able to quantify a safe retracement size and suspect that it cannot be done. At any given time a retracement no matter what size can go in either direction return to trend or reverse. So I might have to abandon that technique.

I will add the 61 fibo and see if I can use that.

I am really glad you mentioned divergence because hidden divergence has baffled me for years.

For the life of me, I cannot see how hidden divergence is predictive in real time. To me, it is an example of failed divergence. Looking at your example chart, the purple lines appear to be indicating bearish divergence. It is only after the short segment of bullish divergence that you can say "Oh there was a hidden divergence". So am I correct, you cannot recognize valid hidden divergence until the price action has turned in the opposite direction? Or am I missing something?

Again thanks for all of your help and patience!

Keith
  • #17,795
  • Jun 5, 2018 1:30am Jun 5, 2018 1:30am
Quoting kminler
{quote} Hi Likica I understand your reluctance to reply, as a long time follower I know how hard you have had to work to keep the thread focused on TMS, and I thank you for your reply. You are right about shallow retracements, unfortunately, I have not been able to quantify a safe retracement size and suspect that it cannot be done. At any given time a retracement no matter what size can go in either direction return to trend or reverse. So I might have to abandon that technique. I will add the 61 fibo and see if I can use that. I am really glad...
A hidden divergence is a name for a continuation signal of a current trend. If a current trend is bearish (when price making LH LL or after a bearish regular divergence) then jumping in a bearish hidden div probably produce nice pips until an opposite div appears which is a sign of reverse (current trend will end soon). I am not here to give definitions of div and hidden div, but trying to clarify my chosen setup. (go to babypips.com if anyone is still confused about these two)
Appreciation is the key to wealth and happiness
  • #17,796
  • Jun 5, 2018 7:59am Jun 5, 2018 7:59am
Quoting likica
{quote} A hidden divergence is a name for a continuation signal of a current trend. If a current trend is bearish (when price making LH LL or after a bearish regular divergence) then jumping in a bearish hidden div probably produce nice pips until an opposite div appears which is a sign of reverse (current trend will end soon). I am not here to give definitions of div and hidden div, but trying to clarify my chosen setup. (go to babypips.com if anyone is still confused about these two)

ok thank you.
  • #17,797
  • Jun 18, 2018 7:13am Jun 18, 2018 7:13am
eur/cad hidden div

entered on pullback
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurcad winner 18.06.2018 p1.png Size: 30 KB
Click to Enlarge Name: eurcad winner 18.06.2018.png Size: 36 KB
  • #17,798
  • Jun 18, 2018 7:21am Jun 18, 2018 7:21am
This one lost

div and h,l,h [entered on a pullback]

but the trade never took off and then a continuation setup appeared in the opposite direction, and by looking at the higher timeframes i eventually pulled the trade a few pips early as i didn't really see it recovering

due to the fact i don't enter trades with RR's less than 1:2 means i'm still up for the day

enter a trade with a 1:1 ratio? feck that......lol
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy div and h low h FAIL 18.08.2018.png Size: 30 KB
  • #17,799
  • Jun 19, 2018 7:51am Jun 19, 2018 7:51am
Quoting kain775
This one lost div and h,l,h [entered on a pullback] but the trade never took off and then a continuation setup appeared in the opposite direction, and by looking at the higher timeframes i eventually pulled the trade a few pips early as i didn't really see it recovering due to the fact i don't enter trades with RR's less than 1:2 means i'm still up for the day enter a trade with a 1:1 ratio? feck that......lol {image}
Why did you buy while price making LH LL? no sign of any bullish div, only pull back
Appreciation is the key to wealth and happiness
  • #17,800
  • Jun 19, 2018 11:20am Jun 19, 2018 11:20am
Quoting likica
{quote} Why did you buy while price making LH LL? no sign of any bullish div, only pull back


Price made a higher high on the short term swings, I have drawn them in below
are you waiting for higher high on the long term swings?

also it looks to me like there was divergence?, I have also drawn it in below
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audjpy div and h low h FAIL 18.08.2018 edited.png Size: 32 KB
Click to Enlarge Name: audjpy div and h low h FAIL 18.08.2018 edited2.png Size: 27 KB
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