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TMS for M30 charts

  • #4,521
  • Jun 19, 2015 3:58am Jun 19, 2015 3:58am
Quoting griffinssoul
{quote} stop that creepy music playing... wat is do when faced with a setup that looks good but running into DOL or 200ema - i make sure i give the trade enough room so that if it bounces back i can just BE or take a small lose ... i also make sure that the 200ema has some evidence of being strong S&R locally... oh, and most importantly .... i would never..... ever..... play creepy music went trading
Hmmmmm, okay.... how about this (let me see if I can attach an audio file)...?

*for you aussie's, this is the theme song to the US game show "Jeopardy" -- it's a bit of a 'Merikan joke cuz the music sounds like you're waiting for something, in this case, we're waiting for price action to start moving*
Attached File(s)
File Type: mp3 Jeopardy-theme-song.mp3   778 KB | 260 downloads
  • #4,522
  • Jun 19, 2015 4:03am Jun 19, 2015 4:03am
Quoting sknight1
{quote} Hmmmmm, okay.... how about this (let me see if I can attach an audio file)...? *for you aussie's, this is the theme song to the US game show "Jeopardy" -- it's a bit of a 'Merikan joke cuz the music sounds like you're waiting for something, in this case, we're waiting for price action to start moving* {file}
i was already playing this ... but thnx anyway... ...
  • #4,523
  • Jun 19, 2015 4:05am Jun 19, 2015 4:05am
Quoting griffinssoul
{quote} i was already playing this ... but thnx anyway... ...

Great minds think alike !

ROFL
  • #4,524
  • Edited 8:33am Jun 19, 2015 4:52am | Edited 8:33am
Hi LK, GS,
Hope you can help me out.
From your experience do you find your trades are mainly triggered at the very begining of the FO, LO & NY opens?
I have been caught out on a few trades where I have got in late and the market just drifts sideways until the next open.
Also is it best to focus on the pair that has news due?

Great thread by the way
Your trade order needs to be in the right place at the right time.
  • #4,525
  • Edited 7:13am Jun 19, 2015 6:59am | Edited 7:13am
GJ 45+ in two trades
Gcad 30+
EJ +60 in 3 trades
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  • #4,526
  • Edited 7:18am Jun 19, 2015 7:08am | Edited 7:18am
Quoting mkfx
GJ 45+ in two trades Gcad 30+ {image}
mad trading MK - you must be a gunslinger ... BANG! BANG! BANG! ... ok - you got one of these coming your way ...

ok - this was the good ol` H&S on the H1 for a 50piper ... timed perfectly with cross EU - H1 200ema looks strong (M30 was also strong cause it paused there for few H1s but broke through) or the trendline retest... could bounce on RN
[see the Big E hook @ the 32 ]
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  • #4,527
  • Jun 19, 2015 7:35am Jun 19, 2015 7:35am
Thanks GS

One more GCAD +50 (Gcad total 30+50=80)
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  • #4,528
  • Jun 19, 2015 7:45am Jun 19, 2015 7:45am
Quoting mkfx
Thanks GS One more GCAD +50 (Gcad total 30+50=80) {image}
nice jumps on the XCad's ... gr8 timing on your trade buddy - amazing trading MK congrats

Quoting Islandfx911
Hi LK, GS, Hope you can help me out. From your experience do you find your trades are mainly triggered at the very begining of the FO, LO & NY opens? I have been caught out on a few trades where I have got in late and the market just drifts sideways until the next open. Great thread by the way
hey Islandfx911 - welcome - usually the highest [generic] volatility occurs during transition periods LO & NYO - the volatility is at an all time low unfortunately

In vino veritas
  • #4,529
  • Jun 19, 2015 8:00am Jun 19, 2015 8:00am
G'day everyone. Look like the crowd is done for today. I was not around at FO LO.
only having time for NY move.
Good job mkfx for the J and the CAD where ECAD and GCAD bounced off support
Attached Image (click to enlarge)
Click to Enlarge Name: 19.6.15 ECAD GCAD@NY +++.png Size: 124 KB
Appreciation is the key to wealth and happiness
  • #4,530
  • Jun 19, 2015 8:10am Jun 19, 2015 8:10am
Quoting likica
G'day everyone. Look like the crowd is done for today. I was not around at FO LO. only having time for NY move. Good job mkfx for the J and the CAD where ECAD and GCAD bounced off support {image}
superb as always LK - LO was start go reverse go back then forward
  • #4,531
  • Jun 19, 2015 8:16am Jun 19, 2015 8:16am
Quoting griffinssoul
{quote} superb as always LK - LO was start go reverse go back then forward
Thanks GS. Hope u bagged good pips too. Thanks for helping others
Appreciation is the key to wealth and happiness
  • #4,532
  • Jun 19, 2015 8:24am Jun 19, 2015 8:24am
Quoting likica
{quote} Thanks GS. Hope u bagged good pips too. Thanks for helping others
sitting on 13.67% [who knows how many pips] all the light trades add up after awhile
  • #4,533
  • Jun 19, 2015 8:33am Jun 19, 2015 8:33am
Quoting griffinssoul
{quote} sitting on 13.67% [who knows how many pips] all the light trades add up after awhile
Hi GS

This 14% id for the week or for a day ? .
  • #4,534
  • Jun 19, 2015 8:34am Jun 19, 2015 8:34am
ECAD 35+

I do not know how I missed Short at LO ?
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  • #4,535
  • Jun 19, 2015 8:40am Jun 19, 2015 8:40am
Quoting mkfx
{quote} Hi GS This 14% id for the week or for a day ? .
for the W1 - the idea is to distribute your account and keep a % out of fx completely - ask SK about this cause she knows heaps about it [all seniors would do this or similar]

Quoting mkfx
ECAD 35+ I do not know how I missed Short at LO ? {image}
the signal candle was big and fast - it retraced heavy - to risky for the long run - only TFs are short
  • #4,536
  • Jun 19, 2015 9:05am Jun 19, 2015 9:05am
Quoting likica
G'day everyone. Look like the crowd is done for today. I was not around at FO LO. only having time for NY move. Good job mkfx for the J and the CAD where ECAD and GCAD bounced off support {image}
Hi LK,
Is there any reason your two charts are different from each other (Colours / Synergy Pro / TDI etc)?
Which would you recommend I start using?

Thanks
Your trade order needs to be in the right place at the right time.
  • #4,537
  • Edited 3:14am Jun 21, 2015 2:39am | Edited 3:14am
this chart is EA on the D1 TF (zoomed out a bit) ... it is in a local up trend if you think a up trend is were you have a HH, HL, etc - also if you beleive in Elliot wave theory as we just completed wave-3 and now in wave-4

now cause we are in an uptrend some traders only look for long trades only on the LTFs like M30/H1
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  • #4,538
  • Edited 3:05am Jun 21, 2015 2:45am | Edited 3:05am
the idea is this - in a up trend on the HTF you have a better chance of success on the LTF if you trade in that direction... but the problem is i can never find any evidence for this over a long enough period

here is wat i see (as well as good W1s were it does work - no clear result) - lets trade only long @LO - it is important to note that i would have had limited idea this W1 was forming wave-4

D1 - lose
D2 - lose
D3 - win
D4 - lose
D5 - lose

if this idea was right then i should be seeing clear evidence over a long enough period (at least 3MN) but i am not if any1 can show me otherwise i would be most grateful
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  • #4,539
  • Jun 21, 2015 3:03am Jun 21, 2015 3:03am
...there are 48 M30 candles (of any type) in the D1 - think about it

"Daily trend: I base all my trading decisions on what I see on the chart I am trading. When trading the H1 chart, I look for PA, trend, support & resistance, entries, etc., all on that chart. If I traded the H4 or the Daily, I would base my trading decisions only on what I saw on the TF I was trading. That is just how it works for me. Every trader must develop their own trading plan and what works for them. Learning to trade mechanically (with little emotion over wins or losses), learning money management and learning to evaluate each trade based on its merits (not overtrading) are all key ingredients of a successful trading plan." - Phx62
  • #4,540
  • Jun 21, 2015 5:27am Jun 21, 2015 5:27am
Quoting griffinssoul
...there are 48 M30 candles (of any type) in the D1 - think about it "Daily trend: I base all my trading decisions on what I see on the chart I am trading. When trading the H1 chart, I look for PA, trend, support & resistance, entries, etc., all on that chart. If I traded the H4 or the Daily, I would base my trading decisions only on what I saw on the TF I was trading. That is just how it works for me. Every trader must develop their own trading plan and what works for them. Learning to trade mechanically (with...
Thanks for bring it up and I agree totally even though entering on M30 we always need congruence of H1
Appreciation is the key to wealth and happiness
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