TMS for M30 charts | Page 909 | Forex Factory

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TMS for M30 charts

  • #18,161
  • Jan 26, 2021 6:57am Jan 26, 2021 6:57am
Quoting successwill
{quote} Can you pls explain what you see in the chart? i was thinking i d hit the jackpot with that set up lol. After reading the whole thread i begin to find good set ups later on i begin screwing up. Maybe i better read once in a week.
You forgot one of the most important thing is location (trade into yesterday low (YL) ) and you did not expect a smooth road if you looked left...or did you? you then saw price created a bullish divergence after bouncing back from YL, of course I would not be too excited to get in a long since price kept stepping down, so I just sat still for this pair.
I was in AJ long since it bounced off support with a setup for a small bag instead.

Quoting successwill
I didnt take this cats ears formation because i lost confidence because of a wrong trade and a very bad management of a good trade. {image}
One of many tips for your observation and study : when UCAD goes South, it usually drag EA GA GN EN with it while AJ AU NU be the opposite direction.
Attached Image (click to enlarge)
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Appreciation is the key to wealth and happiness
  • #18,162
  • Jan 26, 2021 7:13am Jan 26, 2021 7:13am
Quoting likica
{quote} You forgot one of the most important thing is location (trade into yesterday low (YL) ) and you did not expect a smooth road if you looked left...or did you? you then saw price created a bullish divergence after bouncing back from YL, of course I would not be too excited to get in a long since price kept stepping down, so I just sat still for this pair. I was in AJ long since it bounced off support with a setup for a small bag instead. {quote} One of many tips for your observation and study : when UCAD...
Risk On- off
  • #18,163
  • Jan 26, 2021 7:18am Jan 26, 2021 7:18am
I always look left. Problem is my inference from what i see on the left. Determining S&R levels. And i didnt know that i shouldnt trade into YL/H

Look at the chart below. Would you consider the two areas (rectangle) as valid S&R levels?
Attached Image (click to enlarge)
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  • #18,164
  • Jan 26, 2021 8:01am Jan 26, 2021 8:01am
Quoting successwill
I always look left. Problem is my inference from what i see on the left. Determining S&R levels. And i didnt know that i shouldnt trade into YL/H Look at the chart below. Would you consider the two areas (rectangle) as valid S&R levels? {image}
EU bounced off YL that is Support and around 61.8fib from prev move. I am expecting this div doing similar move as the left (small bag only). If you are confused just sit and watch to learn more
Appreciation is the key to wealth and happiness
  • #18,165
  • Jan 26, 2021 8:44am Jan 26, 2021 8:44am
Quoting likica
{quote} Good start for the week! CADJ setup is more like my trade, how did NJ turn out?
Lost some pips, since I'm letting it go through the cycle, wanna see how it moves, wanna get used to it moving, best way (since it's demo) is to stay in trade, that way I pay attention to signals which should be considered as exit signals in the future
Also, I can't manage them on phone, as good as on pc, haha, moved recently, so my setup isn't complete yet, and don't wanna get used to closing trades just cause they're in green

I'm focusing on entries atm, when I get them well, I'll start working on exits (planed exits)

Good thing is that I got 3 entries right (don't pay attention to late exits)
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  • #18,166
  • Jan 26, 2021 9:52am Jan 26, 2021 9:52am
havent seen a lot today, eyes not working or nothing worth taking
  • #18,167
  • Jan 26, 2021 9:56am Jan 26, 2021 9:56am
Quoting Scrambleguy
havent seen a lot today, eyes not working or nothing worth taking
GU looked a nice hindsight trade, but they do don`t they once they played out
Attached Image (click to enlarge)
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  • #18,168
  • Jan 26, 2021 9:59am Jan 26, 2021 9:59am
Quoting Scrambleguy
{quote} GU looked a nice hindsight trade, but they do don`t they once they played out {image}
Eu carbon copy
Attached Image (click to enlarge)
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  • #18,169
  • Edited 7:02am Jan 27, 2021 6:46am | Edited 7:02am
Yesterdays's entries, again, don't pay attention to exits, one was great, but that was just to finish the trade (wanna make as much entries as I can, to get better at finding proper setups)

I'm still trading based on (only) TDI and S/R areas, so my entries may not be good enough yet, haha

Any comments are welcome
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  • #18,170
  • Jan 27, 2021 8:31am Jan 27, 2021 8:31am
EA trade today div / trend line/ brn just shy of adr
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  • #18,171
  • Jan 27, 2021 10:37am Jan 27, 2021 10:37am
My gu trade +50pips

Attached Image (click to enlarge)
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GU at SR (white horizontal line)
divergence
price make LLLH, price break through prev
before enter, look left APB purple line is all one color, price close below previous, and enter
  • #18,172
  • Jan 27, 2021 11:55pm Jan 27, 2021 11:55pm
Quoting Scrambleguy
EA trade today div / trend line/ brn just shy of adr {image} {image}
nice trading on a nice chart! don't be shy to enter a ride with a good reason

Quoting Sotan
My gu trade +50pips {image} GU at SR (white horizontal line) divergence price make LLLH, price break through prev before enter, look left APB purple line is all one color, price close below previous, and enter
nice ride! notice how MM's way to trick those who trade breakout around YH/YL area, there s exception for that (I mentioned before)
Appreciation is the key to wealth and happiness
  • #18,173
  • Jan 28, 2021 6:47am Jan 28, 2021 6:47am
Quoting likica
G'day from Oz, Do you see what I see ? Have a good week {image}
Getting up there ?!
  • #18,174
  • Jan 28, 2021 9:43am Jan 28, 2021 9:43am
Yesterday's trades
Started using 15pip SL, since my future account (live) will only allow for 20pip DD max
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  • #18,175
  • Jan 28, 2021 12:30pm Jan 28, 2021 12:30pm
Quoting MrAnta997
Yesterday's trades Started using 15pip SL, since my future account (live) will only allow for 20pip DD max {image} {image} {image} {image}
Hi, if you are a newish trader its probably a good idea to stick to just a couple of pairs otherwise your get brain overload
  • #18,176
  • Jan 28, 2021 12:39pm Jan 28, 2021 12:39pm
Took a while to get rolling,
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  • #18,177
  • Jan 28, 2021 8:27pm Jan 28, 2021 8:27pm
Quoting Scrambleguy
Took a while to get rolling, {image}
Patience paid
Appreciation is the key to wealth and happiness
  • #18,178
  • Jan 28, 2021 8:37pm Jan 28, 2021 8:37pm
Quoting MrAnta997
Yesterdays's entries, again, don't pay attention to exits, one was great, but that was just to finish the trade (wanna make as much entries as I can, to get better at finding proper setups) I'm still trading based on (only) TDI and S/R areas, so my entries may not be good enough yet, haha Any comments are welcome {image} {image}
Did you give us homework to do for you? Get your head right from the start to finish, create good habits when you are still new to the method by identify reason to enter and reason to exit, and have a plan. If you share your plan, I will give my comment (if you open to it).
Ah, you said you are not new, so you might not need any advice, but since you are here, I have to warn you to start right. Good luck
Appreciation is the key to wealth and happiness
  • #18,179
  • Jan 29, 2021 4:58am Jan 29, 2021 4:58am
My classic green bag pipping from EG, the gap between EU & GU moves early today.
Have a good weekend
Attached Image (click to enlarge)
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Appreciation is the key to wealth and happiness
  • #18,180
  • Jan 29, 2021 7:01am Jan 29, 2021 7:01am
Took a small loss on this and small position size as wasnt happy about having a stop below YL. Decent week though
Attached Image(s) (click to enlarge)
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