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TMS for M30 charts

  • #18,341
  • Oct 5, 2021 4:27pm Oct 5, 2021 4:27pm
Well two days in the books. 10 trades 8 wins 2 losses with one still open.

I have one question. When I have green crossing red I take the trade. I have been fortunate that the trades have been close to the 68 and 32 line of the TDI. My question is many times I have seen the cross but it is has been close to the 50 line. I have been passing on those trades thinking I will get less bang for the buck. I am correct in thinking that way? or, should I just forget where the cross happens and go for it. I noticed some folks don't even use the yellow line. I have been careful to make sure I am trading off of S/R an or the daily open line.

Any thoughts, corrections to my madness, and suggestions are much appreciated. have a great rest of your night.
  • #18,342
  • Oct 6, 2021 4:43am Oct 6, 2021 4:43am
Quoting jbwtoday
Well two days in the books. 10 trades 8 wins 2 losses with one still open. I have one question. When I have green crossing red I take the trade. I have been fortunate that the trades have been close to the 68 and 32 line of the TDI. My question is many times I have seen the cross but it is has been close to the 50 line. I have been passing on those trades thinking I will get less bang for the buck. I am correct in thinking that way? or, should I just forget where the cross happens and go for it. I noticed some folks don't even use the yellow line....
It comes down to your belief. What does that mean? Let me say this, regardless what or how my charts and others said, if you don't feel comfortable taking those trades that shared here, you still struggle to take actions. If you have decided to trade the way I and others have been trading here, that is trade at S/R with Divergence/ Hidden divergence then keep reading and practise until you are comfortable with the style and achieved consistent profitable regardless how big or small your account size, pardon me if you are vegan and hearing me repeating this : follow price actions then indicators.

Be famous in the world by being a leader, but be successful in trading as a follower (don't trade against the trend).

Happy trading!
L
Appreciation is the key to wealth and happiness
  • #18,343
  • Oct 12, 2021 10:39am Oct 12, 2021 10:39am
Hello, I download the indicator and template from post one
but when i load it on chart it's blank

Attached Image (click to enlarge)
Click to Enlarge Name: lkc.jpg Size: 139 KB

please help
  • #18,344
  • Oct 12, 2021 10:51am Oct 12, 2021 10:51am
Quoting Tabary
Hello, I download the indicator and template from post one but when i load it on chart it's blank {image} please help
download the one from this post https://www.forexfactory.com/thread/...7#post12388157
  • #18,345
  • Oct 12, 2021 11:06am Oct 12, 2021 11:06am
Quoting lynnc
{quote} download the one from this post https://www.forexfactory.com/thread/...7#post12388157

it work now, thank you sir

btw on what pair that this strategy work best sir?
  • #18,346
  • Oct 12, 2021 11:25am Oct 12, 2021 11:25am
Quoting Tabary
{quote} it work now, thank you sir btw on what pair that this strategy work best sir?
I am pretty new myself, but I don't think there are any particular pairs it works better than others, but Likica will probably help you more.
  • #18,347
  • Oct 13, 2021 1:40am Oct 13, 2021 1:40am
Quoting lynnc
{quote} download the one from this post https://www.forexfactory.com/thread/...7#post12388157
Thanks for helping out , I will upload this template to the first post for everyone to use since it works based on yours and others feedback.

Quoting Tabary
{quote} it work now, thank you sir btw on what pair that this strategy work best sir?
Any pair (majors and minors) that meets your requirements at FO LO NY . I don't recommend trading during AO to anyone just starting out or occasionally pop in M30
Appreciation is the key to wealth and happiness
  • #18,348
  • Oct 13, 2021 10:01am Oct 13, 2021 10:01am
Quoting likica
{quote} Thanks for helping out , I will upload this template to the first post for everyone to use since it works based on yours and others feedback. {quote} Any pair (majors and minors) that meets your requirements at FO LO NY . I don't recommend trading during AO to anyone just starting out or occasionally pop in M30
Nice to see you posting again, I have missed your calm, level-headed commentary, thanks for coming back!

Keith
  • #18,349
  • Oct 14, 2021 4:45am Oct 14, 2021 4:45am
Quoting kminler
{quote} Nice to see you posting again, I have missed your calm, level-headed commentary, thanks for coming back! Keith
Thanks for your kind words Keith . How are you doing with trading?
As long as I am still trading, I am here (but not 24/7) walking beside traders having the ups and downs like others thus don't want to add more if not benefit with a hope to leave a warm feeling to whom was lost in that particular moment. I once was lost and now I am found hihi,,,. It is nice to hear someone missing my posts.
Happy trading!
Appreciation is the key to wealth and happiness
  • #18,350
  • Oct 15, 2021 12:07pm Oct 15, 2021 12:07pm
Quoting likica
{quote} Thanks for your kind words Keith . How are you doing with trading? As long as I am still trading, I am here (but not 24/7) walking beside traders having the ups and downs like others thus don't want to add more if not benefit with a hope to leave a warm feeling to whom was lost in that particular moment. I once was lost and now I am found hihi,,,. It is nice to hear someone missing my posts. Happy trading!

Personally doing well, trading not so well. I have been working mostly on discipline and patience. I trade the NYO and that can be challenging as in general the largest portion of currency movements tend to start at the London Open. Also trading the SP 500 and oil, mostly WTI. I get frustrated so it is good to hear that you are still active and doing well, as they say, "living proof" that it can be done. When I am stuck in choppy-ranging markets with no visible swings to trade it is tempting to give up instead step back take a deep breath and relax.

Looking forward to hearing more of your interesting insights,

cheers

Keith
  • #18,351
  • Oct 16, 2021 8:17am Oct 16, 2021 8:17am
Quoting kminler
{quote} Nice to see you posting again, I have missed your calm, level-headed commentary, thanks for coming back! Keith
Yes even though i use different indis and do not post here, I like the method and Likica's commentary. Living proof that it can be done, only a handful of these on FF perhaps.
  • #18,352
  • Oct 17, 2021 7:32am Oct 17, 2021 7:32am
Good morning Traders
could someone tell where I could go or you yourself explain the Synergy APB indicator. I see what is happening but I don't fully understand it.
  • #18,353
  • Oct 18, 2021 1:53am Oct 18, 2021 1:53am
Quoting jbwtoday
Good morning Traders could someone tell where I could go or you yourself explain the Synergy APB indicator. I see what is happening but I don't fully understand it.
I hope by this time you would have some answers if you really wanted to know.
Give credit to Google that helped me to find the attached info for you and those wish to gain some knowledge about this indicator since you are here.
Attached File(s)
File Type: pdf SynergyPro_APB Indicator.pdf   472 KB | 812 downloads
Appreciation is the key to wealth and happiness
  • #18,354
  • Oct 20, 2021 12:11am Oct 20, 2021 12:11am
Quoting kminler
{quote} Personally doing well, trading not so well. I have been working mostly on discipline and patience. I trade the NYO and that can be challenging as in general the largest portion of currency movements tend to start at the London Open. Also trading the SP 500 and oil, mostly WTI. I get frustrated so it is good to hear that you are still active and doing well, as they say, "living proof" that it can be done. When I am stuck in choppy-ranging markets with no visible swings to trade it is tempting to give up instead step back take a deep breath...
I totally understood the frustrations and temptations you and many traders experienced as I was and sometimes still have challenge facing them, best part that you acknowledged it and hopefully do something about it. Thank you for sharing .

The differences between before and now or the consequences that had caused me to suffer to the point that I had to slow down and took small steps back up with full awareness of my actions and stand firmed for the reasons behind that action every time I entered a trade with an action plan for an exit.

Give some time to study old charts to build confidence, of course some would argue that what happened in the past does not guarantee the future, however, experts also said that success comes to those who prepare and be ready for the opportunity.

For a profession, we have to study many years and past lots of tests and exams but still don't guarantee we will make the same money or be as successful as our classmates , you know what I mean. So treat trading as a profession, meet at least some basics requirements that is learn about price actions and following the set up which in this thread Divergence/ Hidden Divergence of TDI on M30 or any timeframe we choose and stick with it. Distractions make us stressed and tired. So be kind to yourself by focus only one method at a time unless you are good with what you are doing and can blend more things in your trading.

Some traders on FF are very knowledge and experienced sharing a lot of ideas they have been using in their trading and I am sure they have best interest in helping others, while some newbies and not- so- newbies more often are bored during trading, searching for something to kill boredom by surfing around FF and got hit with big and small waves and noises and pushed us to go side way and lost your directions. Time to get back to study before it s too late.

Happy trading
Attached Image (click to enlarge)
Click to Enlarge Name: hd EURGBP.aM30.png Size: 83 KB
Appreciation is the key to wealth and happiness
  • #18,355
  • Oct 20, 2021 5:06am Oct 20, 2021 5:06am
Quoting likica
{quote} I hope by this time you would have some answers if you really wanted to know. Give credit to Google that helped me to find the attached info for you and those wish to gain some knowledge about this indicator since you are here. {image}
thank you for sharing likica, keep it up. be blessed.
  • #18,356
  • Oct 21, 2021 6:41pm Oct 21, 2021 6:41pm
Quoting likica
{quote} I totally understood the frustrations and temptations you and many traders experienced as I was and sometimes still have challenge facing them, best part that you acknowledged it and hopefully do something about it. Thank you for sharing . The differences between before and now or the consequences that had caused me to suffer to the point that I had to slow down and took small steps back up with full awareness of my actions and stand firmed for the reasons behind that action every time I entered a trade with an action plan for an exit....

Heartening to learn that you too have struggles. I am using the approach of working on improving the process rather than focusing on the results.

So instead of setting a goal of so many pips per week or such and such a winning percentage, I resolve to trade well and have specific aspects in mind; recently I have been committing to not chasing trades and not entering until the signal candle has closed. All too often I see a large bullish bar building momentum and I jump in thinking that when the bar closes it will confirm the signal and all too often in the last two minutes before the candle closes the price drops like a rock and my bullish engulfing candle is now a Gravestone Doji and my trade is well underwater. I find having a specific action to focus on and be aware of makes it easier to control that action.

I also find your comment about having the exit plan very interesting; for sure I struggle when the price does not make a straight move to either TP or SL. Fear and greed are always present and become dominant when trades stall out and the original setup becomes less and less relevant.

So, if I may ask, if you are halfway to TP and then looking at a 20% retrace of your potential profits do you take the profits you have and close out the position? Similarly, if you are halfway to your stop-loss, do you take a loss early or let it play out?

I have tried numerous strategies, but the chaos of the markets means that all systems are wrong some of the time and right some of the time. Some days it pays to have faith and ride out the drawdown another day that drawdown will take you right down to stop loss and the 50% potential profit is gone. I do not expect to get a system that will be right all the time but would like to get a system that allows me to stay in winning trades longer.

As always many thanks for your comments

green pips

Keith
  • #18,357
  • Oct 22, 2021 12:13am Oct 22, 2021 12:13am
Quoting kminler
{quote} Heartening to learn that you too have struggles. I am using the approach of working on improving the process rather than focusing on the results. So instead of setting a goal of so many pips per week or such and such a winning percentage, I resolve to trade well and have specific aspects in mind; recently I have been committing to not chasing trades and not entering until the signal candle has closed. All too often I see a large bullish bar building momentum and I jump in thinking that when the bar closes it will confirm the signal and all...
Thanks for sharing the process of your improvement. There are many ways to trade and to manage trades and be aware of your weaknesses as well as your strengths are very important for you to make it forward.

Some only focus on theirs weaknesses and do not recognize their strengths can hardly survive and visa versa. Let say you focus on your weaknesses that is entering while giant candle is forming (which happens very often around opening of a session like London and New York)... and suffer a loss so you try not to repeat it but I bet you felt bad if you did not get in that trade and it turned out well. If you don't know your strength or saying your signal's strength i.e a divergence at S/R, you won't be able to enter or stay in unless an opposing signal forming. We can always re-enter it if the signal still valid.

I can give your some hintsights but can't convince you to do what you don't feel confident doing it , and only study old charts and practise on live charts build your confidence.

There are reasons to enter and exit that we call trading plan. I am showing you what I did with my recent trade on NU. I entered a short with 2 reasons: Divergence and Big Divergence as marked in white and without bullish hidden divergence before that. I was not very content with my entry as the confirmed candle too big but I still got in because of the good set up. I exited it when I saw a potential bullish hidden div forming. I re entered a short at breakout of an inside bar later when I saw a bearish regular div formed on Stoc but then exited shortly after that to go to bed, and market finally reached my original profit targets without me. Sometimes I let a small position running and take profit of some before calling a day/night.

I won't answer to all your questions but rather leave it to you to decide what you feel comfortable doing.

I don't set my target on pips or percentage, I take what market giving me with no complain but thank you for the opportunity.
Attached Image (click to enlarge)
Click to Enlarge Name: DIV NZDUSD.aM30.png Size: 63 KB
Appreciation is the key to wealth and happiness
  • #18,358
  • Oct 24, 2021 9:05pm Oct 24, 2021 9:05pm
[quote=likica;13755821]{quote} Thanks for sharing the process of your improvement. There are many ways to trade and to manage trades ...


Thanks for your well-thought-out answer, essentially I start out with a 1:1.2, R:R ratio, and as the trade develops manage it from there, and as you say I am thankful for what the market gives me. And you are right I tend to, or at least used to tend to, get upset at missed trades, the market running away without me. I am getting better at managing those emotions.

But one realistic issue is that, as you may have heard the Pareto rule states that 80 percent of profits come from 20 percent of the trades, and in my case, it is 95 percent of the losses come from 5 % of the trades, some of those are unavoidable and some are my poor trading, the poor trading I can do better with, the issue is I don’t have enough large wins to compensate for the losses and break-even trades. I need to get better at letting trades run so I get some large winners to even out the long-term results. I am finding it really hard to live with large drawdowns in winning positions. Another facet of trading to work on.

green pips to you!

Keith
  • #18,359
  • Oct 24, 2021 10:26pm Oct 24, 2021 10:26pm
Quoting kminler
Quoting likica
{quote} Thanks for sharing the process of your improvement. There are many ways to trade and to manage trades ....as you may have heard the Pareto rule states that 80 percent of profits come from 20 percent of the trades, and in my case, it is 95 percent of the losses come from 5 % of the trades, some of those are unavoidable and some are my poor trading, the poor trading I can do better with, the issue is I don’t have enough large wins to compensate for the losses and break-even trades. I need to get better at letting trades
...
I hear you clearly . Some suggestions below might help:
- Letting profit trades running is hard: taking some profit and let some running...
- With large DD in winning positions: be more selective on entries or cutting losses then re enter when a new signal formed in the same direction.

Good luck and have a good week
Appreciation is the key to wealth and happiness
  • #18,360
  • Oct 25, 2021 10:04am Oct 25, 2021 10:04am
Quoting likica
{quote}{quote} I hear you clearly . Some suggestions below might help: - Letting profit trades running is hard: taking some profit and let some running... - With large DD in winning positions: be more selective on entries or cutting losses then re enter when a new signal formed in the same direction. Good luck and have a good week
Thanks for the suggestions, both of which I have toyed with. I don’t normally like to open multiple positions in the same trade, lately, I have been experimenting with a similar idea that might be useful to you. Every day I check the daily charts at end of the day when I get a new buy/sell signal, I keep watching for an entry on a lower time frame, for me, it is the 15 due to narrow NY ranges. When I enter on the fifteen I also open a very small position as an entry on the daily, with an appropriately large stop-loss, and that one I like to let run. Haven’t been doing this very long, but so far looks ok, have made a few extra pips here and there and by doing a thorough analysis of the daily charts that help my usual trading. Have done a few back scans and it looks like with patience I will be able to get some decent long runs in. I look at this as a bit of a sideline to make a few extra pips, so far so good.

I have tried your second suggestion and agree that it is likely the best way to go since there is really no way to tell if a retrace is a retrace or just the beginning of true reverse, better to harvest some pips when they are available. So far I have struggled, have gotten burned several times when retraces did turn out to be a reverse. I have been doing re-entries off of lower time frames than the original entry time frame. So I am wondering if you do that, or if the re-entries need to be on the 30 minute and with all of our usual criteria in place?

As always many thanks for your time efforts,

and a good trading week to you as well

Keith
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