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TMS for M30 charts

  • #18,381
  • Nov 4, 2021 3:21am Nov 4, 2021 3:21am
Out of GJ short, wait for GBP news out...
Attached Image (click to enlarge)
Click to Enlarge Name: 4.11.21 TH A F GBPJPY.aM30 HD off R+.png Size: 116 KB
Appreciation is the key to wealth and happiness
  • #18,382
  • Nov 4, 2021 6:52am Nov 4, 2021 6:52am
Quoting Boobligoom
{quote} likica, please tell me what is the name of the indicator that marks the profit / loss in pips on your screen.?
maybe this is what you are looking for : https://4xone.com/pip-counter-indicator/
  • #18,383
  • Nov 4, 2021 9:59am Nov 4, 2021 9:59am
Quoting likica
{quote}{quote} Thanks for sharing the best trend trading system. very classic ,,,sounds simple and easily straight forward! implementing it is another story and only one self knows the lyrics . I don't know what style you are trading, might want to put 200MA on then go short with a hidden divergence when price below it and go long when price above it as the set up is for trend continuation. What do you need to enter a swing trade or trend following one? Is it about a location and price actions? Or about indicator? Or both? Or...
Yes, it is the implementation that is nearly impossible, have just finished a lot of back scanning, and learned a few things. I looked for some long trends in currencies and the 500 and learned that long, strong trends are very rare and nearly extinct. Impossible to tell if a 50 to 80% drawdown is just a retrace or trade-destroying reversal. Also learned that by trying to "let profits run", I was giving back too many pips. One negative was that if price action had no obvious impediments to the movement (think S/R), then I would expect the trend to continue, in reality all too often the big boys would engage in profit-taking and I would give back too much.

Also noted that my trades were not that bad usually getting most of a swing and not leaving that much on the table. Also learned that in the past year I have not had any terrible trades, have been good at not moving stops, I have had terrible trading days, due to 3 or 4 losses in a row on one day. That is an issue. I have heard experts say that after two losses stop trading for the day. That is really tough for me, I tend to think that after two losses I have figured out what the market is up to. Also, I am not by nature a quitter and also many times I do turn a day around and get back to break even on the day.

Essentially I am a swing trading, day trader, looking to be out of the market overnight. I started with the basic TMS and modified that and added a few of your ideas and my entries are almost entirely indies triggered and my exits are initially set to 1.2 of risk, then I will look at market structure, fib lines, BNR, I will already have looked at and evaluated S&R and then I adjust the TP and SL as necessary, once that is done I never move the SL unless it is to break even, I will sometime move the TP out if the market looks strong. I always spend a lot of careful, focused time listening to what the candlesticks are telling me.

I am very grateful for your generosity and hard work, so I do not post my charts, they are too far from your teachings. I will mention, somewhat cautiously, that one indie I like is the Williams %R, it helps to filter out the whipsaws in the TDI.

One thing, others might find useful, I always drop down to the one-minute time frame and check to see how long the current swing has been active. For example, if I have a sell signal on the 15 and the one minute already has 30 candles going down, then I will not enter until the one minute has reset with a new sell signal of its own. This has saved me a ton of stress as often the signals generated on the 15, come just as the one minute is about to reverse. Trends within trends.

I am still struggling to understand hidden divergence and will revisit that again.

green pips

Keith
  • #18,384
  • Nov 4, 2021 10:49am Nov 4, 2021 10:49am
Quoting fxandthedax
{quote} maybe this is what you are looking for : https://4xone.com/pip-counter-indicator/
I don't think this is exactly what I need. The indicator should display the profit and loss on the chart and the trade itself.
Attached Image
Trading has been and always will be, a hard way to make an easy living.
  • #18,385
  • Nov 9, 2021 2:48am Nov 9, 2021 2:48am
Quoting kminler
{quote} Yes, it is the implementation that is nearly impossible, have just finished a lot of back scanning, and learned a few things. I looked for some long trends in currencies and the 500 and learned that long, strong trends are very rare and nearly extinct. Impossible to tell if a 50 to 80% drawdown is just a retrace or trade-destroying reversal. Also learned that by trying to "let profits run", I was giving back too many pips. One negative was that if price action had no obvious impediments to the movement (think S/R), then I would expect the...
To filter out the whipsaws in the TDI CAN BE DONE INCONJUNCTION WITH STOC >50 for BUYs and <50 FOR SELLs as mentioned on my 1st post.
Appreciation is the key to wealth and happiness
  • #18,386
  • Nov 9, 2021 11:26am Nov 9, 2021 11:26am
Quoting likica
{quote} To filter out the whipsaws in the TDI CAN BE DONE INCONJUNCTION WITH STOC >50 for BUYs and <50 FOR SELLs as mentioned on my 1st post.

Many thanks I will check it out.
  • #18,387
  • Dec 23, 2021 9:41am Dec 23, 2021 9:41am
Quoting kminler
{quote} Many thanks I will check it out.
Hey Likica

Yup the Stochs are useful, not a holy grail but another useful tool when used with discretion, thanks again.

I was wondering waht happened to Dean Malone the guy who created the TDI indicator, he disappeared from trading in 2018, so found this from compass FX

Hi,

Dean is alive and well! Who knows, you may even see him on an occasional webinar with us. Nothing in the works now but you never know about the future.

He felt a calling to become more involved in his own church as well as working with other churches. He is very busy which is just how he likes it. Last I heard he was not trading due to his schedule.

Thanks for asking,
Bill Jordan

So kind of a feel good story for Christmas, when i was in his trade room I was always impressed not only by his intelligence but also by the calm, good grace with which he manged all the distractions whilst trading the 15 minute charts live! Nice to hear he is doing well.

so let me wish you and your followers a very Merry Christmas and a New Year full of green pips and good health.

Keith
  • #18,388
  • Jan 4, 2022 1:45am Jan 4, 2022 1:45am
Happy New Year to you all.

Thank you to you who have been sharing your trading journey in this thread for the past year. I hope everyone had a good 2021 achieving green pips or gaining more experience. Each and everyone of us has been given a chance to make a difference, starting with ourselves. Remember to change yourself first if you want to create a different results hihi,,,. Let's mark year 2022 another year with lots of green pips.

Happy trading!
Attached Image (click to enlarge)
Click to Enlarge Name: 4.1.22 TU A AUDJPY.aM30 HD DIV OB + happy new year.png Size: 101 KB
Appreciation is the key to wealth and happiness
  • #18,389
  • Mar 24, 2022 11:40pm Mar 24, 2022 11:40pm
Quoting Boobligoom
{quote} I don't think this is exactly what I need. The indicator should display the profit and loss on the chart and the trade itself.{image}
Attached File(s)
File Type: ex4 IceFX DrawProfit.ex4   18 KB | 342 downloads
  • #18,390
  • Mar 26, 2022 12:33am Mar 26, 2022 12:33am
I been studying the original TMS thread but I dont think i can do the 4 hour charts I dont feel like its enough setups weekly for me can anybody thats using 30 minute time frame let me know on average how many trade setups are they getting a day and on what pairs?
  • #18,391
  • Mar 26, 2022 10:00pm Mar 26, 2022 10:00pm
Quoting RedMoney
I been studying the original TMS thread but I dont think i can do the 4 hour charts I dont feel like its enough setups weekly for me can anybody thats using 30 minute time frame let me know on average how many trade setups are they getting a day and on what pairs?

you need to know the higher TFs H4 , Daily and Weekly and follow the market conditions when you trade M30.

if H4 is choppy then it is difficult to pick the buy low and sell high in LTF.

example AU

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD week 12 review M30 pipware 27-3-2022 12-55-54 pm.png Size: 68 KB


UCad

Attached Image (click to enlarge)
Click to Enlarge Name: UCad week 12 review m30 pipware 27-3-2022 1-01-56 pm.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,392
  • Mar 26, 2022 10:06pm Mar 26, 2022 10:06pm
Quoting RedMoney
I been studying the original TMS thread but I dont think i can do the 4 hour charts I dont feel like its enough setups weekly for me can anybody thats using 30 minute time frame let me know on average how many trade setups are they getting a day and on what pairs?

this is difficult when market goes into narrow range,

Weekly and Daily will give your the heads up.

Attached Image (click to enlarge)
Click to Enlarge Name: GU week 12 review m30 pipware 27-3-2022 1-05-08 pm.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,393
  • Mar 27, 2022 1:05am Mar 27, 2022 1:05am
Quoting emmanuel7788
{quote} you need to know the higher TFs H4 , Daily and Weekly and follow the market conditions when you trade M30. if H4 is choppy then it is difficult to pick the buy low and sell high in LTF. example AU {image} UCad {image}
i know i must look at higher tf to see if markets are ranging or trending i understand that im just trying to figure how many trade setups are you getting per day on the 30 minute charts and do you mind sharing the chart template and indicators in images above they look real good
  • #18,394
  • Mar 28, 2022 5:04pm Mar 28, 2022 5:04pm
Quoting RedMoney
{quote} i know i must look at higher tf to see if markets are ranging or trending i understand that im just trying to figure how many trade setups are you getting per day on the 30 minute charts and do you mind sharing the chart template and indicators in images above they look real good

You can download the pipware charts in the Trading Made Simple thread

Pipware charts by FF member stratman.

{ here }

https://www.forexfactory.com/thread/...0#post13847250
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,395
  • Jul 21, 2022 8:57am Jul 21, 2022 8:57am
what problem here, seems that people stop following
  • #18,396
  • Jul 31, 2022 10:13pm Jul 31, 2022 10:13pm
G'day to all,
Just checking in...to see how is everyone doing?
New month, new opportunities. Stay safe and stay well!

Note: Rates announcement will be out for AU and GU this week, therefore, I am not touching these 2 pairs until news out. In the meantime, my EU chart is showing its parking at resistant...
Happy trading!
Attached Image (click to enlarge)
Click to Enlarge Name: 1st Aug 22.png Size: 66 KB
Appreciation is the key to wealth and happiness
  • #18,397
  • Aug 1, 2022 6:34am Aug 1, 2022 6:34am
Quoting likica
G'day to all, Just checking in...to see how is everyone doing? New month, new opportunities. Stay safe and stay well! Note: Rates announcement will be out for AU and GU this week, therefore, I am not touching these 2 pairs until news out. In the meantime, my EU chart is showing its parking at resistant... Happy trading! {image}
Glad to see you're are well!! I popped in as well to see if the familiar faces were still around.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #18,398
  • Aug 8, 2022 4:07pm Aug 8, 2022 4:07pm
EA +50 pips

at SR, DIV, entry after TDI over
Attached Image (click to enlarge)
Click to Enlarge Name: 20220808 EA +50pips.png Size: 38 KB
  • #18,399
  • Aug 29, 2022 1:16am Aug 29, 2022 1:16am
Good evening/morning traders,
Hope everyone is well and safe where ever you are.
I am thinking of re activate my mode to interact with traders here at least once or twice a week by sharing my view for the week what pairs to keep eyes on or posting some inspirational quotes to motivate others including myself .

Let's start the week with my bias : EA long and AJ AU short.
You are welcome to share your thoughts and your trades of course
Attached Image (click to enlarge)
Click to Enlarge Name: 29.8.22 M EURAUD.aDaily@SR.png Size: 53 KB
Appreciation is the key to wealth and happiness
  • #18,400
  • Aug 29, 2022 2:00am Aug 29, 2022 2:00am
Quoting likica
Good evening/morning traders, Hope everyone is well and safe where ever you are. I am thinking of re activate my mode to interact with traders here at least once or twice a week by sharing my view for the week what pairs to keep eyes on or posting some inspirational quotes to motivate others including myself . Let's start the week with my bias : EA long and AJ AU short. You are welcome to share your thoughts and your trades of course {image}
Glad to see you back in action
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