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Attachments: TMS for M30 charts
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TMS for M30 charts

  • #18,121
  • Jan 6, 2021 10:53pm Jan 6, 2021 10:53pm
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Quoting T4Trade
how do u trade midweek reversal on TMS? there are so many TMs threads,i love this strategy.thanks to all contributors.
It was quite a rough trading day yesterday but things turned out bright when followed the signal (see EURCAD short ). You might be disappointed if you wondered I have a new invention to show off ). I mentioned in my prev post that I was in EU short and UJ long, managed to get out in green , attached image of EU to illustrate my EU journey which was sticky and but I added more to existing position as price created new high but TDI did not , stayed in until price reached the next S/R and left for sleep.
Appreciation is the key to wealth and happiness
  • #18,122
  • Jan 6, 2021 11:08pm Jan 6, 2021 11:08pm
Quoting TheScorpS
{quote} 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
just got in EA long, AJ short
Appreciation is the key to wealth and happiness
  • #18,123
  • Jan 6, 2021 11:16pm Jan 6, 2021 11:16pm
Quoting emmyidk
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.
Take it easy on yourself with one or two pairs to trade and have your plan and your strategy (what/where/when to enter/exit). If you want some more advice, share your chart with your trades then we will go thru together.
Appreciation is the key to wealth and happiness
  • #18,124
  • Jan 7, 2021 8:01pm Jan 7, 2021 8:01pm
EG at SR, div
after 1 big body candle up, and 1 big body candle down, I enter trade

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I dont know when to get out.
I use fix TP 50 pips, after price move 35 pips down, I set to +5

Do I always go out at the end of SR too?


after 1 big body candle up, and 1 big body candle down, I enter trade
^
Ive been following for a while, the only thing that make me feel confident to enter the trade is this ^,
I observe GU GJ GCad GA EG ECad EJ EA
when I'm not sleeping, I got about 1trade a week or 2 week.

I think you trade alot more than 1once a week.
I wanna see what you see, Likica, ECad trade above, what make you confident entering that trade

I usually enter after a big body candle (small wick, 15pips+ body)
  • #18,125
  • Edited 1:56am Jan 8, 2021 12:12am | Edited 1:56am
Quoting likica
{quote} just got in EA long, AJ short
Took 2 trades on EA long yesterday , both ended on BE after M5 divergence from 46 pips profit happens to me many times as exit is hard but will try to reach that goal when few pips before TP it reverses as banks know where our TP is and quit often they will get u if you dont run fast

Today short continuation on Asian Session with hidden divergence on M15 , trade on M30 and H1

Closed it just before LO in case of retracement at the open, I still dont see a clear sign of weakness but who knows, so might still get on continuation at LO open
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I Have Learned to Take Some Losses to Make Profits
  • #18,126
  • Jan 8, 2021 4:27am Jan 8, 2021 4:27am
Quoting Sotan
EG at SR, div after 1 big body candle up, and 1 big body candle down, I enter trade {image} I dont know when to get out. I use fix TP 50 pips, after price move 35 pips down, I set to +5 Do I always go out at the end of SR too? after 1 big body candle up, and 1 big body candle down, I enter trade ^ Ive been following for a while, the only thing that make me feel confident to enter the trade is this ^, I observe GU GJ GCad GA EG ECad EJ EA when I'm not sleeping, I got about 1trade a week or 2 week. I think you trade alot more than 1once a week. I...
Hidden divergence + divergence as drawn on my ECAD chart are the reasons I was confident to get in the short @ S/R. Hidden divergence tell you trend continues, however price was stepping up and that made you unsure if it kept going up, then a bearish regular divergence confirmed telling you that price was likely about to turn around.
I usually set my PT for EG around 35pips or my next S/R and you could've done the same and not trying to bargain with market

Quoting TheScorpS
{quote} Took 2 trades on EA long yesterday , both ended on BE after M5 divergence from 46 pips profit happens to me many times as exit is hard but will try to reach that goal when few pips before TP it reverses as banks know where our TP is and quit often they will get u if you dont run fast Today short continuation on Asian Session with hidden divergence on M15 , trade on M30 and H1 Closed it just before LO in case of retracement at the open, I still dont see a clear sign of weakness but who knows, so might still get on continuation at LO...
congrats on your green bags TSS. I would not trade toward Daily High/Low but away from it unless TDI + STOC at oversold/overbought.
Appreciation is the key to wealth and happiness
  • #18,127
  • Jan 8, 2021 6:31am Jan 8, 2021 6:31am
EJ, my often observation dilemma dont know when to short/long/no trade

price at SR, DIV, LLLH (abcd)
do I short? SR already reached (around BRN)
am I too late to enter now?(should I enter when price break b)
do I enter when price make another LLLH(price break below d)

I also saw Hidden DIV,
do I long? when price make HHHL (defg)
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what I usually do is wait for a pullback (left box) and enter after
I guess it's a must, price was making HHHL
when price at SR, DIV and making LLLH breaking previous


I always doubt my decision without LLLH/HHHL,
how do you do it without LLLH,HHHL. I feel like I'm missing something

I want to understand what you understand but I cant quite grasp what you mean 100%
  • #18,128
  • Jan 8, 2021 9:20am Jan 8, 2021 9:20am
Quoting Sotan
EJ, my often observation dilemma dont know when to short/long/no trade price at SR, DIV, LLLH (abcd) do I short? SR already reached (around BRN) am I too late to enter now?(should I enter when price break b) do I enter when price make another LLLH(price break below d) I also saw Hidden DIV, do I long? when price make HHHL (defg) {image} what I usually do is wait for a pullback (left box) and enter after I guess it's a must, price was making HHHL when price at SR, DIV and making LLLH breaking previous I always doubt my decision without LLLH/HHHL,...
I would enter that short when price created LH and broke out of those small APBs , and would exit that short at next S/R and definitely out of that short when a bullish hidden set up formed. will re enter a short if there is a next bearish regular divergence formed, for the time being no trade set up on Ej for me.
Appreciation is the key to wealth and happiness
  • #18,129
  • Jan 11, 2021 1:46pm Jan 11, 2021 1:46pm
Likica what do you think about this USDCAD setup... both M30 and H1 show a hidden bullish divergence. The previous candle is also an engulfing bar...
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  • #18,130
  • Jan 11, 2021 8:08pm Jan 11, 2021 8:08pm
Quoting emmyidk
Likica what do you think about this USDCAD setup... both M30 and H1 show a hidden bullish divergence. The previous candle is also an engulfing bar... {image}
It's promising...
Appreciation is the key to wealth and happiness
  • #18,131
  • Jan 11, 2021 8:11pm Jan 11, 2021 8:11pm
I am looking at this dance @S/R which maybe/ maybe not turning. Watch out!
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Appreciation is the key to wealth and happiness
  • #18,132
  • Jan 12, 2021 12:46am Jan 12, 2021 12:46am
Out of curiosity, how many divergences do you see a day and how many of those lead you to open a position?
  • #18,133
  • Jan 12, 2021 1:42am Jan 12, 2021 1:42am
Quoting likica
{image} {image} {quote} It was quite a rough trading day yesterday but things turned out bright when followed the signal (see EURCAD short ). You might be disappointed if you wondered I have a new invention to show off ). I mentioned in my prev post that I was in EU short and UJ long, managed to get out in green , attached image of EU to illustrate my EU journey which was sticky and but I added more to existing position as price created new high but TDI did not , stayed in until price reached the next S/R...
Hi likica, i always appreciate all your postings.

I have similar questions with Sotan which you have helped answered.

Some thoughts from me for your EU trade to understand your thought process:
why i would not short: price making HLHH
why i would short: price hit RN, double top formation. (first 2 shorts) Did you have a 50 to 60 pip SL for first 2 shorts above 1.235? Where is your initial TP for 1st 2 shorts?
  • #18,134
  • Jan 12, 2021 3:56am Jan 12, 2021 3:56am
Quoting firsttimer
{quote} Hi likica, i always appreciate all your postings. I have similar questions with Sotan which you have helped answered. Some thoughts from me for your EU trade to understand your thought process:
why i would not short: price making HLHH.
why i would short: price hit RN, double top formation. (first 2 shorts) Did you have a 50 to 60 pip SL for first 2 shorts above 1.235? Where is your initial TP for 1st 2 shorts?
My thought of my EU trade in more details: I went in after price was rejected by BRN and prev swing high , even though it created HH HL but no bullish hidden formed at those moment or I would exit it . I use S/R to set initial SP/PT which is quite large in this instant but since I was monitoring the trades so I exited them manually ( you can see those blue dashes on the chart). Hope it makes sense.

Quoting emmyidk
Out of curiosity, how many divergences do you see a day and how many of those lead you to open a position?
I don't remember to count , got in EU long since I saw it was sitting at the bench for a while could not stand or dive (you could see both bullish div then bearish hidden fighting at S/R). How about you? if you care tell me how many did you find and did you get in any yesterday (Tue)?
Appreciation is the key to wealth and happiness
  • #18,135
  • Jan 13, 2021 3:27pm Jan 13, 2021 3:27pm
Quoting likica
{quote} I would enter that short when price created LH and broke out of those small APBs , and would exit that short at next S/R and definitely out of that short when a bullish hidden set up formed. will re enter a short if there is a next bearish regular divergence formed, for the time being no trade set up on Ej for me.
Thank you for the answer Licika , Something click in my head , I think I understand better than before .

This might be not the best example, but I wanna train in detail my thought process
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My thought process
I notice DIV, price keep making LLLH,
1 it broke through(nothing happen) saw price at SR(Horizontal line),
2 price trying to go down by price stay below the horizontal line(no HDIV - no Continuation trade),
before 3 happen, I saw the HDIV, I look left(purple line) there is no small SR or no big SR(APB all green), the range is about 70pips from DOL to bottom horizontal line, I wait for price to close below previous close(which is 2), and enter trade

there is DIV (thin line) happening while I'm in trade, but price didn't make HHHL, If it make HHHL, I would Close the trade.

are there anything I can Improve there? maybe something that I myself missing. anything is welcome .
ps. what I really draw on my chart only White Thick Line, the other is to help me explain the pic.
  • #18,136
  • Jan 14, 2021 12:26am Jan 14, 2021 12:26am
Quoting Sotan
{quote} Thank you for the answer Licika , Something click in my head , I think I understand better than before . This might be not the best example, but I wanna train in detail my thought process {image}My thought process I notice DIV, price keep making LLLH, 1 it broke through(nothing happen) saw price at SR(Horizontal line), 2 price trying to go down by price stay below the horizontal line(no HDIV - no Continuation trade), before 3 happen, I saw the HDIV, I look left(purple line) there is no small SR or no big SR(APB all...
nice work!. Keep it up!
Appreciation is the key to wealth and happiness
  • #18,137
  • Jan 15, 2021 1:54am Jan 15, 2021 1:54am
demo training, doing my homework.
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  • #18,138
  • Jan 18, 2021 9:26pm Jan 18, 2021 9:26pm
Something to look forward to while waiting for CAD FOMC tomorrow.
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Appreciation is the key to wealth and happiness
  • #18,139
  • Jan 19, 2021 7:48am Jan 19, 2021 7:48am
EC trade +50
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price at SR 4h, holding (1st div is too strong for me)
price making HHHL, Hdiv, and div (div is important here, crossing)
price 50pips away from next SR which is my target
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  • #18,140
  • Edited 2:28pm Jan 21, 2021 9:38am | Edited 2:28pm
Quoting likica
Something to look forward to while waiting for CAD FOMC tomorrow. {image}
Hi LK, did you get your cat Ears?
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