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TMS for M30 charts

  • #4,741
  • Jun 25, 2015 12:08am Jun 25, 2015 12:08am
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...
Hi Lk

Thanks for sharing these valuable information's.

We are learning a lot from these and improving day by day...

MK
  • #4,742
  • Jun 25, 2015 12:57am Jun 25, 2015 12:57am
Quoting griffinssoul
{quote} guys - all you need is 1% per W1 compounded when you start trading to build your account into a trading monster {quote} congrats MK - gr8 trading buddy {quote} LK you are a trading genius - five steps ahead of me

Thanks GS for your help and advices.

Hi GS and LK

I am not sure, since we are putting 30 pip SL and targeting 50 as TP. so how many pips should we target to make 1% at the start of live account.

Please if you advice on this ?


Thanks

MK

Thanks
  • #4,743
  • Edited 1:53am Jun 25, 2015 1:29am | Edited 1:53am
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}
i am so grateful for your contributions here OS - thnx heaps buddy !!!

Quoting dennis4u15
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 {image}
gr8 question dennis4u15 - put that line of your M30 chart - looks gr8 doesnt it - now dial up to H1 - its just crossing looks ok - now dial up to H4 - as you can see there is no H4 bend up and the Angleator was showing a retrace not a reversal - GCad and GA did reverse as supported by the Angleator signal - the other G's didnt and GN looked the best - i could have made 200pips on this trade

Quoting mkfx
{quote} Thanks GS for your help and advices. Hi GS and LK I am not sure, since we are putting 30 pip SL and targeting 50 as TP. so how many pips should we target to make 1% at the start of live account. Please if you advice on this ? Thanks MK Thanks
remember pips themselves have no generic $[base] value - they were introduced as a unit so countries could trade easily converting etc - you need this calculators http://fxtrade.oanda.com/analysis/profit-calculator/

examples - (http://fxtrade.oanda.com/learn/intro...nventions/pips)

 

  1. Determine the number of CAD each pip represents by multiplying the amount of the trade by 1 pip as follows:
    300,000 x 0.0001 = 30 CAD per pip
  2. Divide the number of CAD per pip by the closing exchange rate to arrive at the number of USD per pip:
    30 1.0568 = 28.39 USD per pip
  3. Multiply the number of pips gained, by the value of each pip in USD to arrive at the total loss / profit for the trade:
    20 x 28.39 = $567.80 USD profit

  • #4,744
  • Jun 25, 2015 1:54am Jun 25, 2015 1:54am
I have a feeling of trap that MMs pushing price up on Gj GA.... hope someone could quickly wrap 30 green and run
Appreciation is the key to wealth and happiness
  • #4,745
  • Jun 25, 2015 1:55am Jun 25, 2015 1:55am
Quoting likica
I have a feeling of trap that MMs pushing price up on Gj GA.... hope someone could quickly wrap 30 green and run
  • #4,746
  • Jun 25, 2015 1:56am Jun 25, 2015 1:56am
Quoting griffinssoul
{quote} i am so grateful for your contributions here OS - thnx heaps buddy !!! {quote} gr8 question dennis4u15 - put that line of your M30 chart - looks gr8 doesnt it - now dial up to H1 - its just crossing looks ok - now dial up to H4 - as you can see there is no H4 bend up and the Angleator was showing a retrace not a reversal - GCad and GA did reverse as supported by the Angleator signal - the other G's didnt and GN looked the best - i could have made 200pips on this trade {quote} remember pips themselves have...
Man, u must have an accounting background or auditing background GS. Thanks for helping.
Appreciation is the key to wealth and happiness
  • #4,747
  • Jun 25, 2015 1:58am Jun 25, 2015 1:58am
Quoting griffinssoul
{quote}
Actually I really like to see a buy setting up on GJ around this level (PA not yet confirm)
Appreciation is the key to wealth and happiness
  • #4,748
  • Jun 25, 2015 2:01am Jun 25, 2015 2:01am
Quoting likica
{quote} Man, u must have an accounting background or auditing background GS. Thanks for helping.
if you look @ all the top traders [not only the ones here on ff] they place more importance on MM methods to grow there actual account and have very simple MM for there actual trading - look @ OS for example - he takes a PT here then watches PA and takes a PT there - nothing complicated and very simple
  • #4,749
  • Jun 25, 2015 2:13am Jun 25, 2015 2:13am
EU H4 update - looks like a flag perhaps - tight asian session and its bouncing around a W1 supp&res [blue line] & 200ema & RN [5-wave impulse move down on the LTF]
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 48 KB
  • #4,750
  • Jun 25, 2015 2:23am Jun 25, 2015 2:23am
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
  • #4,751
  • Jun 25, 2015 2:42am Jun 25, 2015 2:42am
Quoting dennis4u15
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
Trade away from 200MA in all time frames.
Concentrate on H1 M30 TDI + PA can give you enough pips.
H4 IB is more reliable for breakout.
Always look left to see how price was doing recently.
Appreciation is the key to wealth and happiness
  • #4,752
  • Jun 25, 2015 2:43am Jun 25, 2015 2:43am
Thanks for the reply Likica
  • #4,753
  • Jun 25, 2015 3:11am Jun 25, 2015 3:11am
more meetings - EUR EU Economic Summit
  • #4,754
  • Jun 25, 2015 3:18am Jun 25, 2015 3:18am
things looking very unclear on most currencies??
  • #4,755
  • Jun 25, 2015 3:23am Jun 25, 2015 3:23am
hi guys what do u think of AUD/USD on 30 mins TF??
  • #4,756
  • Jun 25, 2015 3:28am Jun 25, 2015 3:28am
THANKS LIKICA
  • #4,757
  • Jun 25, 2015 4:32am Jun 25, 2015 4:32am
Eur/Aud went fast to TP...thanks to Likica and other seniors guidance...was patient and waited for the fake moves to complete.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM30.png Size: 40 KB
  • #4,758
  • Jun 25, 2015 4:32am Jun 25, 2015 4:32am
Time to bag our shorts
Appreciation is the key to wealth and happiness
  • #4,759
  • Jun 25, 2015 4:32am Jun 25, 2015 4:32am
Quoting dennis4u15
Eur/Aud went fast to TP...thanks to Likica and other seniors guidance...was patient and waited for the fake moves to complete. {image}
keep pipping Dennis
Appreciation is the key to wealth and happiness
  • #4,760
  • Jun 25, 2015 5:03am Jun 25, 2015 5:03am
Quoting dennis4u15
Eur/Aud went fast to TP...thanks to Likica and other seniors guidance...was patient and waited for the fake moves to complete. {image}
thats it ! gr8 trade dennis4u15 ... i wasnt joking when i was saying LK's got an intuition about the market like very few other traders i know

EA @ D1 trendline - 3rd touch is the nicest
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