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TMS for M30 charts

  • #4,081
  • Jun 9, 2015 4:40am Jun 9, 2015 4:40am
NY open GJ buy?
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Find it The Best Entry Points
  • #4,082
  • Jun 9, 2015 4:46am Jun 9, 2015 4:46am
If NY Open does not bring a M30 pullback candle on either EA or GA, I'm out for the day.

Quoting likica
{quote} mkfx, you got too much green pips today to the point calling me instead of ZeF Thanks ZeF for helping us all. Congratulations to M30 traders
L thanks for setting this thread up ... great feeling when time allows to hang out with like-minded people.
Best regards, Zef
  • #4,083
  • Edited 5:12am Jun 9, 2015 4:47am | Edited 5:12am
wow... so many greenies .. you guys

This one is thnx to Z ...

EA M30 cross +50+60+70pips two PTs left hope to hit 200ema???

EDT: +90pips @ BRN ... now last PT@200ema about
EDT2: it bounced off the BRN so i took +70pips for the last PT
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  • #4,084
  • Jun 9, 2015 4:50am Jun 9, 2015 4:50am
GN - this one was a (faint M30) bounce (support by a H4 bounce) - you can see a little kink in the PA @ H4 supp - when it broke down i was in - not for noobs (GN is a pip killer trade with machine gun )

+50+60+70+90+100pips
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  • #4,085
  • Jun 9, 2015 5:19am Jun 9, 2015 5:19am
Quoting likica
{quote} nice move Z. I was in EN GA done for +50
EN was the trade of the day LK and i so missed it... ... a brilliant H&S for a 150pip move ... wow... another one of these ...
  • #4,086
  • Jun 9, 2015 5:20am Jun 9, 2015 5:20am
Quoting griffinssoul
GN - this one was a (faint M30) bounce (support by a H4 bounce) - you can see a little kink in the PA @ H4 supp - when it broke down i was in - not for noobs (GN is a pip killer trade with machine gun ) +50+60+70+90+100pips {image}
Excellent trading GS i got some on EN-H4
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Sad i'm not trying to understand PA
  • #4,087
  • Edited 5:44am Jun 9, 2015 5:25am | Edited 5:44am
Quoting omonisha
{quote} Excellent trading GS i got some on EN-H4 {image}
you beauty OS !!! ... i sure wish i could have seen this ...

...when UCad, EU and ECad are all moving south you want to be on that wagon
  • #4,088
  • Jun 9, 2015 6:49am Jun 9, 2015 6:49am
Quoting griffinssoul
wow... so many greenies .. you guys This one is thnx to Z ... EA M30 cross +50+60+70pips two PTs left hope to hit 200ema??? EDT: +90pips @ BRN ... now last PT@200ema about EDT2: it bounced off the BRN so i took +70pips for the last PT {image}
Hi Griffinssoul, flawless trades......excellent. these trades are they all on M30 and are you using the 3Xpt script or CM to mange the multi entries? many thanks in advance.
  • #4,089
  • Jun 9, 2015 6:59am Jun 9, 2015 6:59am
Trading is simple and easy - we as human beings try to complicate it too much.

Trade like a sniper. That is, wait for the opportunity and strike. Don't be the guy with the machine gun that wastes all his ammo and his nobody.

EJ Long

 

  1. Rejecting 139.500 level
  2. Rejecting 200 EMA
  3. TDI cross confirms long trade
  4. No nearby support and resistance to stop trade from progressing
  5. Most time frames support a long trade


Attached Image
  • #4,090
  • Jun 9, 2015 7:15am Jun 9, 2015 7:15am
if you can read TDI, then trade without the lag. I thought the colors would help.
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"the public is not yet ready for it" W.D. GANN
  • #4,091
  • Jun 9, 2015 7:34am Jun 9, 2015 7:34am
last trade EU +50pips - rest hit BE... cant win them all and probably shouldnt try
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  • #4,092
  • Jun 9, 2015 7:38am Jun 9, 2015 7:38am
Quoting rtradern
{quote} Hi Griffinssoul, flawless trades......excellent. these trades are they all on M30 and are you using the 3Xpt script or CM to mange the multi entries? many thanks in advance.
hey rtradern, M30 is da bomb - as i showed on the weekend you can also confirm with HTF if you like but some trades dont need it like the EA trade earlier - like Phx62 says find enough good reasons to enter the trade

its a 5X PT script i wrote myself - no CM or manager as i dont trust them the script auto distributes PT @ 50/60/70/90/100pips with 50pip SL - but i readjust things per trade sometimes - sometimes i just leave it good trading to you buddy
  • #4,093
  • Jun 9, 2015 8:13am Jun 9, 2015 8:13am
Here is one of PM I received asking me the followings and most of them I already mentioned in the past. I will answer them here again for others who missed my prev posts might find them useful.

Could you please tell me some about your money management plan?
1. How many lots do you open for each trade? I mean do you multi open or open one position and close it all at the target?
I use single entries but sometimes I enter with multi entries when price pull back at strong S/R
2. What is your take profit for each trade. İf any.
I usually aim PT = 50 but change it as the trade in good progress
3. What is your daily, weekly target and what is the usual result?
weekly target: 1000 green pips
4. Do you only trade 30 min?
yes it s my main TF but I have H1 up as well, checking M15 during fast moving time (NY/UScash) and when seeing H1 price @ strong S/R
5. Which currencies do you trade?
I like GA GJ EA EJ EN, occassionally take GN GU EU (I m not good with pairs like AU NU)
6. What is your stop loss? How much do you risk for each trade?
pre SL = 50 but change as trade in progress or exit early if PA change. Cutting my loss is what I normally do if I monitor my trades, I recommend not to let SL get hit if seeing things not working. R: R 1:1.

Pls note that I still have lots to learn from you too. Pls share your experience for all to learn.
Happy pipping
Appreciation is the key to wealth and happiness
  • #4,094
  • Jun 9, 2015 8:21am Jun 9, 2015 8:21am
it is getting late for me now. Done for the day with my GJ long (counter trend) as spotting price was stepping up nicely
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Appreciation is the key to wealth and happiness
  • #4,095
  • Jun 9, 2015 8:27am Jun 9, 2015 8:27am
EN has been so kind to me today. G'day G'9 to all.
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Appreciation is the key to wealth and happiness
  • #4,096
  • Jun 9, 2015 8:36am Jun 9, 2015 8:36am
Quoting likica
Here is one of PM I received asking me the followings and most of them I already mentioned in the past. I will answer them here again for others who missed my prev posts might find them useful. Could you please tell me some about your money management plan? 1. How many lots do you open for each trade? I mean do you multi open or open one position and close it all at the target? I use single entries but sometimes I enter with multi entries when price pull back at strong S/R 2. What is your take profit for each trade. İf any. I usually aim PT...
Thank you Likica. For all
Demand is not one wants, but what one can pay for
  • #4,097
  • Jun 9, 2015 8:42am Jun 9, 2015 8:42am
Quoting likica
EN has been so kind to me today. G'day G'9 to all. {image}
Wow LK you love EN So much That why poor GN is away from you......

Nice and inspiring trades

Thanks

MK
  • #4,098
  • Jun 9, 2015 8:56am Jun 9, 2015 8:56am
Quoting likica
Here is one of PM I received asking me the followings and most of them I already mentioned in the past. I will answer them here again for others who missed my prev posts might find them useful.
These informative posts about your trade plan as well as the charts you post daily are very helpful . . . thanks for sharing.

N.
  • #4,099
  • Jun 9, 2015 9:01am Jun 9, 2015 9:01am
Quoting ZeF
{quote} Hi MK - here you go. I stopped posting COUNTER TREND trades because I don't want to encourage people to take those... TMS is TREND TRADING. I take counter trend ones often too. That does not always work out but when there is no significant resistance in the way, I learned they are good enough for 40-50 pips... But that is me and I do not encourage you to do that. {image}
Hi Zef,

So far what I remember, In TMS is use of TDI, it does not matter whether trades is aligned to HTF trend or Counter Trend. Mostly in our decision TDI should play a role. Big E used to trade both way on cross of TDI. Even Phx62 trade both way and he post all hi trades in main TMS thread. Every one is learning from his trades.

Similarly we all learning from your trades with clear reasoning.

I request you to please continue to post your counter trades as well UNLESS thread owner (LK) has different view.


With all your charts I am learning , today I also took same trade but still need to learn more...

Thanks

MK
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  • #4,100
  • Jun 9, 2015 9:30am Jun 9, 2015 9:30am
Quoting likica
Here is one of PM I received asking me the followings and most of them I already mentioned in the past. I will answer them here again for others who missed my prev posts might find them useful. Could you please tell me some about your money management plan? 1. How many lots do you open for each trade? I mean do you multi open or open one position and close it all at the target? I use single entries but sometimes I enter with multi entries when price pull back at strong S/R 2. What is your take profit for each trade. İf any. I usually aim PT...
1000 pips a week , wow

I hope to reach the same within the next few months

btw when you trade, do you always take trades in the direction of the MTF tdi? and is it the one hour tdi you've got on your 30TF chart?
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