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TMS for M30 charts

  • #5,021
  • Jul 1, 2015 5:35am Jul 1, 2015 5:35am
Quoting griffinssoul
{quote} you are on fire MK - gr8 trading
Thanks GS and everyone

I am learning here and trying to put in practice.
  • #5,022
  • Jul 1, 2015 5:57am Jul 1, 2015 5:57am
Good grief... its so quiet, you can almost hear crickets chirping.
  • #5,023
  • Jul 1, 2015 6:21am Jul 1, 2015 6:21am
Quoting mkfx
{quote} Thanks LK How do you changed , I also wants to do the same change. Please can you guide what process you have followed to change from small trades to big trades (50 pips).
Time with experience will tell you.
The simpliest way is to hide those slow ADR pairs so they are not around to see.
Pick a few pairs with good ADR (2 to 6 pairs is the max), study old charts reading PA well is the key, find your edge...if you can't figure out your edge, get it from someone that made you impressed like Phx62...You only need to have 2 to 4 decent trades per day to live well (for day trading) IMO.

My GA trades today where price bounced off S/R twice and stepped up...
Attached Image (click to enlarge)
Click to Enlarge Name: 1.7.15 GA H1BO HL , M30 long@9.05pm aedt+60.png Size: 98 KB
Appreciation is the key to wealth and happiness
  • #5,024
  • Jul 1, 2015 6:35am Jul 1, 2015 6:35am
Added 1 more on EG at 80 limit long 7060
Total 3 positions 85 86 80
In trading, you have to be defensive and aggressive at the same time
  • #5,025
  • Jul 1, 2015 6:44am Jul 1, 2015 6:44am
Waiting for News. On EU Short.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 25 KB
Positive anything is better than negative thinking.- Elbert Hubbard
  • #5,026
  • Jul 1, 2015 7:46am Jul 1, 2015 7:46am
Guys,
Iam using TMS2015 template provided by Likica. On my chart I notice that there are line labeled as High2, HIgh1, Low2, Low 1. Where these lines come from?
  • #5,027
  • Jul 1, 2015 8:07am Jul 1, 2015 8:07am
Were can l find Phx62 pdf . I looked his profile but l can find it
  • #5,028
  • Jul 1, 2015 8:18am Jul 1, 2015 8:18am
Quoting fulltime
Were can l find Phx62 pdf . I looked his profile but l can find it
Phx62 Study notes
http://www.forexfactory.com/showthre...93#post7005093
Your trade order needs to be in the right place at the right time.
  • #5,029
  • Jul 1, 2015 8:23am Jul 1, 2015 8:23am
Thank you
  • #5,030
  • Jul 1, 2015 8:32am Jul 1, 2015 8:32am
Quoting xgenomer
Guys, Iam using TMS2015 template provided by Likica. On my chart I notice that there are line labeled as High2, HIgh1, Low2, Low 1. Where these lines come from?
it's called LFL_ATRprojections in paper clip
Appreciation is the key to wealth and happiness
  • #5,031
  • Jul 1, 2015 8:35am Jul 1, 2015 8:35am
Quoting redcloudxlll
Waiting for News. On EU Short. {image}
nice pipping Red. Hope you get some real sleep after this .
GN rides today
Attached Image (click to enlarge)
Click to Enlarge Name: 1.7.15 GN HD long@2.30pm aedt +80, HL HH long@ NY +60.png Size: 79 KB
Appreciation is the key to wealth and happiness
  • #5,032
  • Jul 1, 2015 8:42am Jul 1, 2015 8:42am
Quoting mkfx
GA +50 {image}
good shot
Appreciation is the key to wealth and happiness
  • #5,033
  • Jul 1, 2015 9:36am Jul 1, 2015 9:36am
Quoting likica
{quote} it's called LFL_ATRprojections in paper clip
Thanks.. now it make sense..

likica..regarding adr percentage value.. do you watch this value? say.. if its more than 80%,you will not take any trade?
  • #5,034
  • Jul 1, 2015 10:13am Jul 1, 2015 10:13am
Quoting likica
{quote} nice pipping Red. Hope you get some real sleep after this . GN rides today {image}
Nice chart Likica!
Today I only got headaches :

EN +25+50+BE and -50
Attached Image (click to enlarge)
Click to Enlarge Name: EN01.PNG Size: 40 KB

GCAD -38 (slipperage at my favor, should have hit my SL at -50)
Attached Image (click to enlarge)
Click to Enlarge Name: GCAD01.PNG Size: 39 KB

ECAD - 20
Attached Image (click to enlarge)
Click to Enlarge Name: EC01.PNG Size: 39 KB


negative day for me, witch turned in a negative week, i was so confident on those short signals...
I will revise my charts later tonight too see what Im doing wrong, what i'm missing

any comments are much appreciated!
  • #5,035
  • Jul 1, 2015 10:13am Jul 1, 2015 10:13am
Quoting likica
{quote} nice pipping Red. Hope you get some real sleep after this . GN rides today {image}
Nice moves!!!!
Positive anything is better than negative thinking.- Elbert Hubbard
  • #5,036
  • Edited 11:12am Jul 1, 2015 10:29am | Edited 11:12am
Quoting mokuro89
{quote} Nice chart Likica! Today I only got headaches : EN +25+50+BE and -50 {image} GCAD -38 (slipperage at my favor, should have hit my SL at -50) {image} ECAD - 20 {image} negative day for me, witch turned in a negative week, i was so confident on those short signals... I will revise my charts later tonight too see what Im doing wrong, what i'm missing any comments are much appreciated!
Hi mokuro
There are other things influencing all Cad pairs foremost crude oil then how UC is doing.If Canadian dollar loses to USD you can almost be certain its losing on others pairs as well specially EC and GC.
Since negative GDP CD is weakening however nothing goes straight line correction will follow.
regards
Notice the oil plunge
When USD gets strong oil gets weaker=Canadian dollar weaker=other commodity pairs NU and AU follow
Regarding oil should Iran deal go through Iranian oil will flood the supply pushing oil lower.There is a danger at 50 a barrael US producers will start laying off people left and right and this has domino effect on Steal and manufacturing.Despite of popular myth cheap oil does not necessarily help the economy.
Dilemma Feds has is this.Should USD climb so high without interest rate hike it creates real obstacle of raising IR thus making USD even stronger which obviously will hurt steal,oil and exports making us basically consumer economy only.
You can be sure very soon FEDS will start talking USD down.
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #5,037
  • Jul 1, 2015 6:39pm Jul 1, 2015 6:39pm
Quoting likica
{quote} nice shot. I don't normally trade this pair as ADR too small. As long as you have reasonable TP, it should make you happy
from your experience..How small is small?
  • #5,038
  • Jul 1, 2015 6:41pm Jul 1, 2015 6:41pm
Quoting mokuro89
{quote} Nice chart Likica! Today I only got headaches : EN +25+50+BE and -50 {image} GCAD -38 (slipperage at my favor, should have hit my SL at -50) {image} ECAD - 20 {image} negative day for me, witch turned in a negative week, i was so confident on those short signals... I will revise my charts later tonight too see what Im doing wrong, what i'm missing any comments are much appreciated!

@mokuro,

You did not follow the golden rules in post#647 of the creator TMS 5-Method.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #5,039
  • Jul 1, 2015 7:32pm Jul 1, 2015 7:32pm
Quoting xgenomer
{quote} Thanks.. now it make sense.. likica..regarding adr percentage value.. do you watch this value? say.. if its more than 80%,you will not take any trade?
To be safe, yes. I did miss out some good moves which reached beyond ATR tho.
Appreciation is the key to wealth and happiness
  • #5,040
  • Edited 8:04pm Jul 1, 2015 7:41pm | Edited 8:04pm
Quoting mokuro89
{quote} Nice chart Likica! Today I only got headaches : EN +25+50+BE and -50 {image} GCAD -38 (slipperage at my favor, should have hit my SL at -50) {image} ECAD - 20 {image} negative day for me, witch turned in a negative week, i was so confident on those short signals... I will revise my charts later tonight too see what Im doing wrong, what i'm missing any comments are much appreciated!
GCAD ECAD were in choppy zone as no clear direction (no HH HL nor LH LL). Take another look at H1and M30 again, Noticed that you short sell into support and failed.
EN was parking at support so only thinking about 'buy' but APBs so extreme to enter and where to put SL...I did have red pips on one acct due to spreads.
I attached those charts again, we all see things clearer when the event over but for the sake of TA as we day traders trade as what shows on our charts. Check H1 before entering M30 trades...( a must do)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.7.15 EN m30 view (@support).png Size: 77 KB
Click to Enlarge Name: 1.7.15 GCAD M30 (ranging).png Size: 89 KB
Click to Enlarge Name: 1.7.15 ECAD H1 (choppy).png Size: 66 KB
Appreciation is the key to wealth and happiness
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