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TMS for M30 charts

  • #4,721
  • Jun 24, 2015 9:32am Jun 24, 2015 9:32am
Hi LK, GS and Seniors


Thanks for your help, guidance and replying all my questions and doubts. I am learning a lot here day by day.

I think today was the one of the best day in trading learning process and I collected 300 pips without any fear and stress.

In reality today I enjoyed trading.


Thnaks

MK
  • #4,722
  • Jun 24, 2015 9:46am Jun 24, 2015 9:46am
Quoting mkfx
{quote} Hi LK Sorry I did not understand what mistake I did , please let me know so I can take care of that and have better trading. Thanks for help.. MK
nice trading u have. I was talking about my mistake entering too early (not you)

Quoting mkfx
Hi LK, GS and Seniors Thanks for your help, guidance and replying all my questions and doubts. I am learning a lot here day by day. I think today was the one of the best day in trading learning process and I collected 300 pips without any fear and stress. In reality today I enjoyed trading. Thnaks MK


Quoting Ivanyo
GCAD +70 {image}
beautiful shot IV

Quoting mokuro89
{quote} {quote} Thanks griffinssoul!, 11.61% is amazing, my target is 10%/W, but i'm very busy this week and lost many moves, i'm sitting w/ 5.39% yet {image} {quote} Nice chart L, green pips everywhere
Nice green M
Appreciation is the key to wealth and happiness
  • #4,723
  • Jun 24, 2015 10:00am Jun 24, 2015 10:00am
my ABCD drawing
Attached Image (click to enlarge)
Click to Enlarge Name: 24.6.15 EA long M30@ny +55 reached original PT if stayed.png Size: 81 KB
Appreciation is the key to wealth and happiness
  • #4,724
  • Jun 24, 2015 10:15am Jun 24, 2015 10:15am
Quoting likica
my ABCD drawing {image}

Wow LK

Very nice Drawing.....

I was in same trade but closed early to windup the trading for the day.

Thanks
  • #4,725
  • Jun 24, 2015 10:29am Jun 24, 2015 10:29am
Hi LK and Seniors

I am also new to trading and after i read your blog and its very useful for me.


Can you help to share if i want to do intraday whether i sh look for 4hr, 1hr,30 min and 15min Time frame chart then will enter into 15min chart.

Can you share more info for intratrader.
  • #4,726
  • Jun 24, 2015 11:46am Jun 24, 2015 11:46am
Quoting mkfx
{quote} Hi LK Sorry I did not understand what mistake I did , please let me know so I can take care of that and have better trading. Thanks for help.. MK
guys - all you need is 1% per W1 compounded when you start trading to build your account into a trading monster

Quoting mkfx
Hi LK, GS and Seniors Thanks for your help, guidance and replying all my questions and doubts. I am learning a lot here day by day. I think today was the one of the best day in trading learning process and I collected 300 pips without any fear and stress. In reality today I enjoyed trading. Thnaks MK
congrats MK - gr8 trading buddy

Quoting likica
my ABCD drawing {image}
LK you are a trading genius - five steps ahead of me
  • #4,727
  • Jun 24, 2015 11:50am Jun 24, 2015 11:50am
GN M30 cross [light] +50+60+70+90+100pips ... this is wat i meant by 2nd entries LH LL etc broke the RN & 200ema - end-to-end RN
EA got to +42pips then BE
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 37 KB
  • #4,728
  • Jun 24, 2015 3:25pm Jun 24, 2015 3:25pm
Quoting likica
{quote} Thanks OS. I m impressed how you handle your positions. If you could share your secret to us how you see where they were heading for you to hold...etc. and when decide to exit.
There is no secret LK. This GN i was just following behind every D1 candle. No candle broke any D1 candle low until yesterday. I just knew that GN broke a triple top that has been top for a long time and has a good space above. When the news fly it went straight up without heavy retrace. Just luck.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-06-25_2-13-14GBPNZD-MN.png Size: 35 KB
Sad i'm not trying to understand PA
  • #4,729
  • Jun 24, 2015 3:37pm Jun 24, 2015 3:37pm
Quoting binarytrade
Hi LK and Seniors I am also new to trading and after i read your blog and its very useful for me. Can you help to share if i want to do intraday whether i sh look for 4hr, 1hr,30 min and 15min Time frame chart then will enter into 15min chart. Can you share more info for intratrader.

Hi Binary,

I suppose and I'll leave others to add to this but I would suggest that which every time frame you decide to trade; that you should check the higher timeframes... so if trading 5m, then 15m and 30m.... 15m, check 30m or 1h... if 1h, then 4h and D1 etc. This will help you assess the overall trend and avoid taking false/contradicting signals on your chosen time frame if going against the trend in higher timeframe. But cant stress enough that whichever time frame you decide you should be looking at the Daily charts, to gauge market sentiment and overall trend.

Personally I trade intraday and use both the 15m and 30m frames and consult the D1, however its personal experience and faith; so its whatever is comfortable and unique to every trader.

Good luck with you trading
  • #4,730
  • Jun 24, 2015 3:48pm Jun 24, 2015 3:48pm
GBP/USD trade today, USD was looking slumped most of the day, took this trade on the 15m as the initial break on the 30m was facing S/Rs (Dailyopen line and Pivot). Entered short on 15m after break of Daily open line and 5ema Channel. Excellent day for all those CAD traders too!!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15 24.06.2015.png Size: 54 KB
  • #4,731
  • Jun 24, 2015 6:17pm Jun 24, 2015 6:17pm
Hi Griffinssoul,

Just wanted to know u didn't take the cross I have marked on ur chart?? it looked good with decent size candle...please do advice.

Regards
Dennis
Attached Image
  • #4,732
  • Jun 24, 2015 6:43pm Jun 24, 2015 6:43pm
Hi Guys

The TDI system with price action is really good...the problem I have is that I tend to rush in entering and exiting and tend to not look at S&R and the size of the APB candle.. I was in GA sell trade during London session but somehow lost around 20pips then re entered and somehow just bagged 7 pips...I know it sounds funny when the move was so good. Every morning during Tokyo open when I look back at where I went wrong it is so clear where I went wrong but live trading I kind of make same mistakes. Like this morning I went and looked at GA, GCad the moves were so easy to spot with price moving away from the S&R and resting at opposites ends. Even on such a good trading day I managed to lose few pips. Negative week for me so far. EU was not moving well yesterday so good I didn't trade it. Well that's the story so far but im not giving up.

Regards

Dennis
  • #4,733
  • Jun 24, 2015 6:59pm Jun 24, 2015 6:59pm
Quoting dennis4u15
Hi Guys The TDI system with price action is really good...the problem I have is that I tend to rush in entering and exiting and tend to not look at S&R and the size of the APB candle.. I was in GA sell trade during London session but somehow lost around 20pips then re entered and somehow just bagged 7 pips...I know it sounds funny when the move was so good. Every morning during Tokyo open when I look back at where I went wrong it is so clear where I went wrong but live trading I kind of make same mistakes. Like this morning I went and looked at...
Familiar story. I have this feeling also. I think, most importantly, we really need to keep the rules in mind and adhere to them. It also reminds me of 'trading in the zone' by Mark Douglas. Fear and greed just immobilizes us sometimes and takes away the ability to percieve the market in a neutral way. In hindsight, everything then becomes so obvious and we fail to understand why we couldn't see it then.

For me personally, I just accept that I am a beginning trader and I want to give myself the time to really learn and understand this system. I know it can be traded properly, so it's my own responsibility to do this thing right. Keep working and things should go better. Atleast that's my take on it.

Just trying to learn from all the traders in here ,

Best
  • #4,734
  • Jun 24, 2015 10:07pm Jun 24, 2015 10:07pm
Quoting omonisha
{quote} There is no secret LK. This GN i was just following behind every D1 candle. No candle broke any D1 candle low until yesterday. I just knew that GN broke a triple top that has been top for a long time and has a good space above. When the news fly it went straight up without heavy retrace. Just luck. {image}
Thanks for your explanation OS. You are a very good disciplined trader sitting between those GN D1 moving up and down is a big challenge
Appreciation is the key to wealth and happiness
  • #4,735
  • Jun 24, 2015 10:10pm Jun 24, 2015 10:10pm
Quoting tibovwh
{quote} Familiar story. I have this feeling also. I think, most importantly, we really need to keep the rules in mind and adhere to them. It also reminds me of 'trading in the zone' by Mark Douglas. Fear and greed just immobilizes us sometimes and takes away the ability to percieve the market in a neutral way. In hindsight, everything then becomes so obvious and we fail to understand why we couldn't see it then. For me personally, I just accept that I am a beginning trader and I want to give myself the time to really learn and understand this system....
Thanks for helping and good advice from you Tibovwh.
Appreciation is the key to wealth and happiness
  • #4,736
  • Jun 24, 2015 10:43pm Jun 24, 2015 10:43pm
A decent trade during asia session....30 pips on EA...took a while but got to the weekly Pivot.


Regards
Dennis
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM30.png Size: 35 KB
  • #4,737
  • Edited 11:38pm Jun 24, 2015 11:10pm | Edited 11:38pm
Quoting SuperBlue
{quote} Hi Binary, I suppose and I'll leave others to add to this but I would suggest that which every time frame you decide to trade; that you should check the higher timeframes... so if trading 5m, then 15m and 30m.... 15m, check 30m or 1h... if 1h, then 4h and D1 etc. This will help you assess the overall trend and avoid taking false/contradicting signals on your chosen time frame if going against the trend in higher timeframe. But cant stress enough that whichever time frame you decide you should be looking at the Daily charts, to gauge market...
Excellent advice SB.

I'd to make it a bit more details about my purpose of looking at higher time frames H4 H1 are to know my environment for the day.

1st thing I look on M30 is to find where my 200EMA is, then looking at the below on all H4 H1 M30 (if any):
- support or resistant nearby?,
- double tops/double bottoms?,
- divergence/ hidden divergence?
- inside bar, pin bar?

Zoom in zoom out all charts ( H4 H1 M30) to see...learn to know your market before getting in any trade. Once you are in it, you tend to see only your feeling (excited/stressed)

M30 is where I get in when TDI gives signals

I usually think of trading like driving....Before going anywhere, we need to look for address and direction. During driving we do look left and right, rear and ahead, we don't just go/turn when green light on but watch out if condition is safe to do so...if we did not, we could end up hurting ourself even many times we follow rules....blah blah blah...
It only you can give yourself experience and confidence by practise,practise and practise...

For entering a trade, I need 4 conditions:
- TDI cross/turn
- Support/ resistant
- apb size (not small)
- price actions (divergence/hidden divergence or double tops/bottoms, trendline breakout, high high higher low or lower high lower low...)

For exit a trade, either one of these appear:
- S/R
- opposite APB
-TDI cross/ turn back

During big vol time like FO LO NY price moves fast and can give you fault signals to get out (apb turning to opp color), breath and think of the reasons you are in the trade to stay. If you get in with an invalid PA just because TDI cross and that's it or just because APB turns to the color of your trade without any S/R or what I mentioned above to support your trade, you then get nervous and get out as you have nothing else to hold on to.

I hope what I shared and experienced could help some of you to get to next levels.

Green pips and happy trading!
L
Appreciation is the key to wealth and happiness
  • #4,738
  • Jun 24, 2015 11:13pm Jun 24, 2015 11:13pm
Quoting dennis4u15
A decent trade during asia session....30 pips on EA...took a while but got to the weekly Pivot. Regards Dennis {image}
nice and quick Dennis
Appreciation is the key to wealth and happiness
  • #4,739
  • Edited 11:56pm Jun 24, 2015 11:37pm | Edited 11:56pm
Hi Likica,

Just wanted to know how u use 200EMA...as a S&R or u buy if it is below price u buy or above price u buy?? I mean 200EMA is in different positions when we change time frame...please do elaborate. Also how do u use the inside bar for trading??

Regards
Dennis
  • #4,740
  • Jun 25, 2015 12:06am Jun 25, 2015 12:06am
Quoting likica
{quote} Excellent advice SB. I'd to make it a bit more details about my purpose of looking at higher time frames H4 H1 are to know my environment for the day. 1st thing I look on M30 is to find where my 200EMA is, then looking at the below on all H4 H1 M30 (if any): - support or resistant nearby?, - double tops/double bottoms?, - divergence/ hidden divergence? - inside bar, pin bar? Zoom in zoom out all charts ( H4 H1 M30) to see...learn to know your market before getting in any trade. Once you are in it, you tend to see only your feeling...
Many thanks - Much appreciated
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