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TMS for M30 charts

  • #18,101
  • Dec 13, 2020 8:16pm Dec 13, 2020 8:16pm
Quoting PixelSniper
{quote} Awesome examples of divergences. Love the point that you mention to wait after another divergence was traded. I also look for oversold overbought possibilities after long trend runs, divergences are just exhaustion points. I know they are true killers in the hands of a right trader, because i know some.
What and how would you do with "oversold overbought possibilities after long trend runs" if you care to share...
Appreciation is the key to wealth and happiness
  • #18,102
  • Dec 13, 2020 8:19pm Dec 13, 2020 8:19pm
Quoting PixelSniper
{quote} The reason is simple, go and do some data analytics on python and you will find. Sell side is always faster & harsher, because it is XXX Versus Dollar. That means when dollar gains strength, the fooken thing loses it's mind, basicly. Once a guy said, bull runs can make you money but bear runs will make you rich.. Best Wishes
timing is the most important even at the wrong location regardless you are with bulls or bears.
Appreciation is the key to wealth and happiness
  • #18,103
  • Edited 8:39pm Dec 13, 2020 8:27pm | Edited 8:39pm
Quoting likica
{quote} What and how would you do with "oversold overbought possibilities after long trend runs" if you care to share...
Yes, it is a technique i learned from a quant banker that works for DeutcheBank in the United States, he used extremly wide stop losses and pyramided.
But i'm practicing and i'm satisfied with the entries. And yes, they sell high and buy low. Don't mess around with useless stuff.

Here, you can see clear divergences with RSI, personally i don't even have to look at RSI anymore, BB can eaisly tell you what's happening with the price,
It is posibble to spot '' mental divergences'' with the BB? How? one might say. Well, see 1st wave is long and strong but the price finally declines into mid BB,
And then 2nd wave also declines back to the mid BB, and finally 3rd wave declines to the lower band of BB. Usually the idea is to take the guts and sell the 2nd & 3rd wave by understanding that the rally has slowed down, because there is another possibility for a breakout after 3rd wave, but one can also sell after 3rd wave is complete. This strategy was used with 1000-1500 points stop loss (placed at the pivot points exactly) And 50-700 points take profits (lower/higher band BB exits).
With a win ratio of %93.7 on XAUUSD. It is an agressive scalping system and done on the 1 minute chart, 30m/1hr charts are used to pick sweet spots AKA: Previous highs and lows that price wasn't able to breach, and entries will be picked there, so 1m chart will be only traded @ those areas.

An oscillator can be missleading
When you are ready, ditch the RSI and only trade the BB
At least that was what i were taught...
And i can understand why, rather paying attention and my focus on the oscillator on a 1m chart, BB&Pure price action represented by candlesticks are a lot better.
Now this does not mean that I or We can perform the same as a quant bank trader,but hey it is always posib to learn. And yes they use pivot points too, lol.

One more important thing i learned, always sell the green candles and always buy the red candles.
TDI opposes this idea, TDI only tries to show you the '' SAFE ENTRIES '' if you will, which is also good for scalping i believe.
Tekkies on this forum scored %31+ ROI in 10 days on a live account, so yeah. Anything can work
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  • #18,104
  • Dec 13, 2020 8:36pm Dec 13, 2020 8:36pm
Something for motivation and education for the week if you are open to learn more from me. A pending order was placed after previous candle completed with a HH but stayed just below 200MA, exited my trade @ S/R (prev price retracement) for 90pips to finish my trading day.
Stay safe and have a good week!
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Appreciation is the key to wealth and happiness
  • #18,105
  • Dec 13, 2020 8:57pm Dec 13, 2020 8:57pm
Quoting PixelSniper
{quote} Yes, it is a technique i learned from a quant banker that works for DeutcheBank in the United States, he used extremly wide stop losses and pyramided. But i'm practicing and i'm satisfied with the entries. And yes, they sell high and buy low. Don't mess around with useless stuff. Here, you can see clear divergences with RSI, personally i don't even have to look at RSI anymore, BB can eaisly tell you what's happening with the price, It is posibble to spot '' mental divergences'' with the BB? How? one might say. Well, see 1st wave is long...
Thanks for sharing .
if you are satisfied with the entries, master the exits then you can live on it. I found that many only learnt half of the equation. just my 2 cents.
Appreciation is the key to wealth and happiness
  • #18,106
  • Dec 14, 2020 10:57am Dec 14, 2020 10:57am
made some pips with this set up on H1
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the cautious seldom err....C
  • #18,107
  • Dec 14, 2020 7:27pm Dec 14, 2020 7:27pm
Quoting pips29
made some pips with this set up on H1 {image}
nice ride Pips , . just wondering why you need extra accessories (BB & TDI)? to scare newbies? or to show me you are going to a Christmas party? (don't be mad if I am right )
Appreciation is the key to wealth and happiness
  • #18,108
  • Dec 15, 2020 1:53am Dec 15, 2020 1:53am
Quoting likica
{quote} nice ride Pips , . just wondering why you need extra accessories (BB & TDI)? to scare newbies? or to show me you are going to a Christmas party? (don't be mad if I am right )
i think its a male thing!
  • #18,109
  • Dec 15, 2020 3:34am Dec 15, 2020 3:34am
Quoting likica
{quote} nice ride Pips , . just wondering why you need extra accessories (BB & TDI)? to scare newbies? or to show me you are going to a Christmas party? (don't be mad if I am right )
No party this year sad to say, I am using a method called bbma to trade h1 and above. The tdi is only used to spot divergence. I scalp with the 10/34 ema on M15 and below, in summary different method for different time frame.
the cautious seldom err....C
  • #18,110
  • Edited 6:57am Dec 15, 2020 5:31am | Edited 6:57am
It might be shocking for some, but I am short on BTC

Not going to stay for long tho, I am expecting correction due to a very strong resistance above.
Situation gets a little more complicated now, as I see a lot of divergences that seem valid.
What would you say?

My TP is around 18.500, SL around 19.500 (depending on price behaviour I close earlier).

Cheers,
V

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  • #18,111
  • Dec 15, 2020 5:54am Dec 15, 2020 5:54am
Quoting volf
It might be shocking for some, but I am short on BTC Not going to stay for long tho, I am expecting correction due to a very strong resistance above. Situation gets a little more complicated now, as I see a lot of divergences that seem valid. What would you say? My TP is around 18.500, SL around 19.500 (depending on price behaviour I close earlier). Cheers, V {image}
Why would it be shocking to sell the historical highs, pretty sure many people scalping that way atm.
  • #18,112
  • Dec 15, 2020 6:08am Dec 15, 2020 6:08am
That's the beauty of bbma...yesterday I went short on H1 because of divergence and 20 minutes after 10 am today I went long on H4 using bbma..I'm just showing how I trade using the method to give you an idea ...this is my first and last screenshot on this method here as it's not Likica's method
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the cautious seldom err....C
  • #18,113
  • Dec 16, 2020 12:31am Dec 16, 2020 12:31am
waiting for 3rd opportunity.

timing and location is always important.
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  • #18,114
  • Dec 29, 2020 11:21pm Dec 29, 2020 11:21pm
Hi all,
It's almost time to welcome New Year 2021. Let's see what is available for pipping within these 2 last days of year 2020, might take a look at ECAD confirmed short at S/R wearing Cat Ear hat ...
Appreciation is the key to wealth and happiness
  • #18,115
  • Jan 4, 2021 9:20pm Jan 4, 2021 9:20pm
AUD news has helped to make a hidden divergence on EURAUD moving steadily while waiting for EUR to turn around (maybe after FO/LO) anyone available for pipping ?
Appreciation is the key to wealth and happiness
  • #18,116
  • Jan 5, 2021 8:08pm Jan 5, 2021 8:08pm
likica do you still follow the trading made simple thread?
  • #18,117
  • Edited 10:33pm Jan 5, 2021 10:15pm | Edited 10:33pm
Quoting emmyidk
likica do you still follow the trading made simple thread?
Hello Emmy,
welcome to M30, may I know why you asked? Do you follow it? yes, when I have nothing else to do . Many things shared there could be considered overwhelming and distracting for newbies and 'not so newbies'. Let's say many have contributed ton of knowledge and time helping others in that thread, and I appreciated the knowledge. However, I found that people need space and time to to self study also apply and reflect themselves after having the principle.
BTW, UJ is long and EU short for me as I am typing...
Appreciation is the key to wealth and happiness
  • #18,118
  • Jan 6, 2021 12:31pm Jan 6, 2021 12:31pm
Thanks for the response! I asked because I follow it and it seems very toxic. Though I have read the first 40 pages or so and gained lots of information from it. As a struggling new trader, I dont know what sources I should follow and which ones to ignore.
  • #18,119
  • Jan 6, 2021 1:05pm Jan 6, 2021 1:05pm
how do u trade midweek reversal on TMS?

there are so many TMs threads,i love this strategy.thanks to all contributors.
  • #18,120
  • Jan 6, 2021 5:11pm Jan 6, 2021 5:11pm
Quoting likica
AUD news has helped to make a hidden divergence on EURAUD moving steadily while waiting for EUR to turn around (maybe after FO/LO) anyone available for pipping ?
Yes of course now has a strong trend as AUD strengthen for quite some time, so hidden divergence is the way to go on EUR/AUD , but today AUD is on BRN and on monthly 200 so waiting to see if theres any kind of reaction reversal there with div which can push EA up for a decent reversal otherwise keep following the trend
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