TMS for M30 charts | Page 216 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

RiskyFX-M30 System 117 replies

Pulse M5, M15, M30,H1+ 9 replies

London Open Breakout-M30 57 replies

M30 Rainbow Madness 23 replies

Different between time frames M30 1H and 4H 2 replies

Attachments: TMS for M30 charts
Exit Attachments

TMS for M30 charts

  • #4,301
  • Edited 7:12am Jun 14, 2015 6:50am | Edited 7:12am
The riddle of DOL...

when you use a rule like ours "trade away from the DOL" what it really does is filter out certain types of D1 candles @ the LO - mainly indecision candles like dojis, spinning tops, etc - and related trades... in this first chart of EU D1 we can pick out a variety of different types of candles that make up the bullish move (5-wave impulse move)
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 39 KB
  • #4,302
  • Jun 14, 2015 6:52am Jun 14, 2015 6:52am
...lets have a closer look @ the green box... as a candle stick this has no (or small) lower wick (half marubosu) so we caught the LO power of the move north... a perfectly timed trade TMS M30 [purple line is DOL]
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 34 KB
  • #4,303
  • Edited 7:25am Jun 14, 2015 6:57am | Edited 7:25am
...but wat we are filtering out is trades like this one... the blue box... a nice +30pips over the asian session but then we move into the DOL going back - which as it turns out has a nice TDI cross - then near the LO we had to be very careful not to get trapped short ...the idea is that it is less likely to encounter this scenario than the first (above) or similar...

notice 1 - that the most profitable trade of the D1 went against the rule
notice 2 - the rule alone can not save you from being trapped or a bad trade in general
notice 3 - the uptrend is made up of a variety of different candles

...since some of the smartest and most experienced traders on ff are debating this point http://www.forexfactory.com/showthread.php?t=533279 i will leave this with you and hope that it has helped
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 41 KB
  • #4,304
  • Jun 14, 2015 8:29pm Jun 14, 2015 8:29pm
NU Short. Added another position to last weeks trade
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 21 KB
Positive anything is better than negative thinking.- Elbert Hubbard
  • #4,305
  • Jun 15, 2015 3:04am Jun 15, 2015 3:04am
G'day and green pips to all.
Most E's paired have moved up since LO while G's are ranging...
I m currently in EN long
Appreciation is the key to wealth and happiness
  • #4,306
  • Jun 15, 2015 3:20am Jun 15, 2015 3:20am
Gj potential long if price creates HH and tdi turning up
Attached Image (click to enlarge)
Click to Enlarge Name: 15.6.15 GJ M15 M30 TDI long(potential)@6.15pm aedt.png Size: 88 KB
Appreciation is the key to wealth and happiness
  • #4,307
  • Jun 15, 2015 3:21am Jun 15, 2015 3:21am
Quoting likica
Gj potential long if price creates HH and tdi turning up {image}
just another Monday right ... let it play out ... everything looks insane ... yeah EN long
  • #4,308
  • Jun 15, 2015 3:22am Jun 15, 2015 3:22am
Quoting likica
G'day and green pips to all. Most E's paired have moved up since LO while G's are ranging... I m currently in EN long
Likica, thanks for setting up this forum and for sharing so openly. I am new to TMS and I am still learning.

What are the pairs that you trade using TMS M30..... Your recent EN is a great entry....
  • #4,309
  • Jun 15, 2015 3:23am Jun 15, 2015 3:23am
Quoting redcloudxlll
NU Short. Added another position to last weeks trade {image}
Red.... just amazing [watch that reverse martingale now ]
  • #4,310
  • Jun 15, 2015 3:27am Jun 15, 2015 3:27am
Quoting griffinssoul
{quote} Red.... just amazing [watch that reverse martingale now ]
Waiting for Likicas EN to move on up and push my NU lower
Positive anything is better than negative thinking.- Elbert Hubbard
  • #4,311
  • Jun 15, 2015 3:59am Jun 15, 2015 3:59am
Quoting max888
{quote} Likica, thanks for setting up this forum and for sharing so openly. I am new to TMS and I am still learning. What are the pairs that you trade using TMS M30..... Your recent EN is a great entry....
Welcome to M30 Max888! nice numbers.
GA GCAD GJ EJ EN ECAD EA... we normally take around LO to NY. All entries usually @ S/R to generate better pips.
I m out of EN, it moved 55 pips then now pulled back, seeing EU facing S/R making me not confident to stay...plus GU looks like it s moving down...
Be patient on Mondays.
Appreciation is the key to wealth and happiness
  • #4,312
  • Jun 15, 2015 4:16am Jun 15, 2015 4:16am
Yeah crappy Mondays... My EU went up 30 pips pull back and hit BE. Should have lower TP for Mondays. Gs looks good for short
  • #4,313
  • Jun 15, 2015 5:24am Jun 15, 2015 5:24am
GA hit TP +50
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 44 KB
  • #4,314
  • Edited 5:38am Jun 15, 2015 5:27am | Edited 5:38am
EJ +25 pip

GU 30 pip
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.png Size: 49 KB
Click to Enlarge Name: Image2.png Size: 45 KB
  • #4,315
  • Jun 15, 2015 5:34am Jun 15, 2015 5:34am
Quoting mkfx
GA hit TP +50 {image}
what a beauty
Appreciation is the key to wealth and happiness
  • #4,316
  • Jun 15, 2015 5:41am Jun 15, 2015 5:41am
PCRF on H1 EA
Appreciation is the key to wealth and happiness
  • #4,317
  • Jun 15, 2015 5:43am Jun 15, 2015 5:43am
EA Hit TP 40+ ( TP was less Because it was heading to BRN, No greed)
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 45 KB
  • #4,318
  • Jun 15, 2015 5:51am Jun 15, 2015 5:51am
Quoting likica
{quote} what a beauty

Thanks LK
  • #4,319
  • Jun 15, 2015 6:41am Jun 15, 2015 6:41am
Quoting mkfx
EA Hit TP 40+ ( TP was less Because it was heading to BRN, No greed) {image}
rapid fire from MK - well done mate!!!
  • #4,320
  • Edited 7:44am Jun 15, 2015 6:44am | Edited 7:44am
GN M30 bounce +50+60pips - two PT@70pips (got to 68pips ) took both @50pips and one @90pips 90pips hit
GA M30 bounce currently @30pips @BE [update below]
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 32 KB
12 traders viewing now