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TMS for M30 charts

  • #5,401
  • Jul 8, 2015 8:37am Jul 8, 2015 8:37am
Quoting griffinssoul
{quote} here is number 2 revoli - http://www.forexfactory.com/showthread.php?t=518993 - it has been updated so it looks a bit different to your screenshot {quote} bounces are retraces on the LTF ... it makes sense to me to enter if the trendline of this retracement is broken [together with all other things]
Thanks. Knew I was missing something. I am playing with the TMS stuff on M15 at the moment. I have not quite got my head round if I am going to run this as a separate strategy or combine with my existing scalping activities. At the very least I am using it as an alert mechanism to allow me to monitor more than one pair at a time. I need to read through rest of this thread though before I comment more. In terms of simplicity and a quantitatively definable edge this system scores highly. Hopefully I can post some useful comments once I have absorbed the excellent work done here to date.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #5,402
  • Jul 8, 2015 8:46am Jul 8, 2015 8:46am
Hi Guys
I am publicly humiliating myself for getting out of my 4 EG longs way too early.My positions were unreal 7060 70's
Lets say one of my worst blunders.
Currently short on UC
In trading, you have to be defensive and aggressive at the same time
  • #5,403
  • Jul 8, 2015 9:40am Jul 8, 2015 9:40am
AUDNZD-WK

Not much trading this month. Took this trade on weekly PB at swing level on the retrace. First TP cashed. Free trade now.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-07-08_20-35-55AUDNZDWK.png Size: 30 KB
Sad i'm not trying to understand PA
  • #5,404
  • Jul 8, 2015 2:00pm Jul 8, 2015 2:00pm
Feds minutes had basically zero impact
AU failed to break daily open(choc line). Looking to go long here but waiting for good entry same on GU
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 37 KB
In trading, you have to be defensive and aggressive at the same time
  • #5,405
  • Jul 8, 2015 4:56pm Jul 8, 2015 4:56pm
Quoting griffinssoul
EA M30 bounce [on 5M] +50+50+50+50+50pips - as MK points out we are heading to DOL and 200ema [plenty of room ] - but the moves on EU [bounce off 200ema] and AU [breakout long from descending wedge] both signaled EA short and i entered when 5M trendline was broken - thnx Larry & Moe {image}
Nice tardes griffinssoul, I really wish I can trade like this.

Is it the 5ema on ur HA? Do you look at this ema before entering any trades? or is it just the color change and the TDI cross you look at?

Any other technics on your entry/exit?
  • #5,406
  • Jul 8, 2015 6:57pm Jul 8, 2015 6:57pm
Hi Likica,

Would it be ok for me to post charts here please? I started off on the TMS thread, learnt PHX62 and X-Man ways, then moved on to AnotherSimpleSystem (from Loveevery1 Arjun) and now have gotten rid of the TDI (as it's too lagging for me) and trade on m15 tf with MA and Price action. I'd like to trade together with you guys but I'm not sure which thread I belong to

This thread is really active and you're prev weekly/daily fibs are awesome S/R levels. This is the kind of charts I'll post if that's ok.

#1 UCAD short after NYO. Prev strong Daily resistance with APB bar exhaustion at Half number, tp at EMA200. +35 pips

#2 EU long after approx 20 pips long wick (APB bullish pb?) with HLs, longed at Half number, tp at EMA800. +33 pips

Unfortunately, I don't trade exotic pairs like you guys do as my spreads are really high for those, and my emotions can't handle that kind of volatility yet :/
Feel free to delete this post if it's not to your liking. And I appreciate any feedback/constructive criticisms that can help me better myself as a trader.

Thank you.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ucad todays trade.jpg Size: 374 KB
Click to Enlarge Name: eu todays trade.jpg Size: 380 KB
  • #5,407
  • Jul 8, 2015 7:28pm Jul 8, 2015 7:28pm
Quoting griffinssoul
{quote} GN M30 cross +50+60+70+90+100pips .... {image}
GS, I always see you post your success like this --> +50+60+70...etc..
Does this mean you open all these positions at same time and put different PT?
  • #5,408
  • Jul 8, 2015 8:47pm Jul 8, 2015 8:47pm
Quoting xgenomer
{quote} GS, I always see you post your success like this --> +50+60+70...etc.. Does this mean you open all these positions at same time and put different PT?
there is such a thing known as scaling-in and scaling-out in forex trading.
there are pros and cons to each.
why not do both and create an advantage in your money management strategy? "Let Profits Run"...

read some basic explanation here:
http://www.babypips.com/school/under...s-scaling.html
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #5,409
  • Jul 8, 2015 8:51pm Jul 8, 2015 8:51pm
Quoting revoli
Could any of you kind folk tell me what indicator drives the items marked 1 and 2 below. They appear on my template as objects rather than something indi driven so I must be missing something. Interesting thread. Thanks {image}
Hi Rovoli,
Item number 1 is ADR V2 from paper clip on top right corner of this thread.
Appreciation is the key to wealth and happiness
  • #5,410
  • Edited 9:26pm Jul 8, 2015 8:59pm | Edited 9:26pm
Quoting Shadownet
Hi Likica, Would it be ok for me to post charts here please? I started off on the TMS thread, learnt PHX62 and X-Man ways, then moved on to AnotherSimpleSystem (from Loveevery1 Arjun) and now have gotten rid of the TDI (as it's too lagging for me) and trade on m15 tf with MA and Price action. I'd like to trade together with you guys but I'm not sure which thread I belong to This thread is really active and you're prev weekly/daily fibs are awesome S/R levels. This is the kind of charts I'll post if that's ok. #1 UCAD short after NYO. Prev...
Hi Shadownet,
You are welcomed here and no worries about not having TDI on.
Congrats on you green pips.
You are correct, PA is very important to all of us since indies are lagging, however, using both creating holy grail.
Here is one example of holy grail from EA TDI confirmed short with good PA happened just then...
Attached Image (click to enlarge)
Click to Enlarge Name: 9.7.15 EA m30 div +PCRF off YH +70.png Size: 80 KB
Appreciation is the key to wealth and happiness
  • #5,411
  • Jul 8, 2015 9:01pm Jul 8, 2015 9:01pm
Quoting emmanuel7788
{quote} there is such a thing known as scaling-in and scaling-out in forex trading. there are pros and cons to each. why not do both and create an advantage in your money management strategy? "Let Profits Run"... read some basic explanation here: http://www.babypips.com/school/under...s-scaling.html
Thanks for stopping by and a 'touch up' Emman. We always learn new things from you.
Appreciation is the key to wealth and happiness
  • #5,412
  • Jul 8, 2015 9:03pm Jul 8, 2015 9:03pm
Quoting Davit
Feds minutes had basically zero impact AU failed to break daily open(choc line). Looking to go long here but waiting for good entry same on GU {image}
positive news out, I guess you are in...
I jumped in these...
Attached Image (click to enlarge)
Click to Enlarge Name: 9.7.15 EN GA M30 short@11.45am aedt ++.png Size: 89 KB
Appreciation is the key to wealth and happiness
  • #5,413
  • Jul 8, 2015 9:56pm Jul 8, 2015 9:56pm
Cad JPY 50+

After Jpy news, Bounce of DLO, crossing over 10 EMA, divergence , bounce of green to red over MBL . In a way it was a good setup for me .However it was against Yesterday daily candle.
Attached Image (click to enlarge)
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  • #5,414
  • Jul 8, 2015 10:01pm Jul 8, 2015 10:01pm
Quoting likica
{quote} positive news out, I guess you are in... I jumped in these... {image}
Hi LK

Simply you are a great PA trader. All three trades were very well spotted and executed.

We are learning by your charts and comments along with that

Hope one day we will be able to do the same thing .....

Thanks a lot

MK
  • #5,415
  • Jul 8, 2015 10:11pm Jul 8, 2015 10:11pm
Quoting emmanuel7788
{quote} there is such a thing known as scaling-in and scaling-out in forex trading. there are pros and cons to each. why not do both and create an advantage in your money management strategy? "Let Profits Run"... read some basic explanation here: http://www.babypips.com/school/under...s-scaling.html
Pretty much what I do always.Key fact is one must know when he/she is wrong and get out.Biggest retail traders fault is letting losers run.
Fact is in general retail traders get the direction right but fail on money management.
Learn to love taking a loss.Once you embrace this as defensive mechanism then you understand the value of equity growth.
People who can't take 20 loss and end up forcefully closing 250 loss have much psychological factors to work out.
Richard Donchian one of my favorite traders ever was only right 30% of time but made millions at age 65 so for older folks there is hope and motivation!
Don't let your losses get you down.

On Donchian he inspired Turtle trading which is based on his channal breakout and trend following
In trading, you have to be defensive and aggressive at the same time
  • #5,416
  • Jul 8, 2015 10:12pm Jul 8, 2015 10:12pm
Quoting mkfx
Cad JPY 50+ After Jpy news, Bounce of DLO, crossing over 10 EMA, divergence , bounce of green to red over MBL . In a way it was a good setup for me .However it was against Yesterday daily candle. {image}
Just nice shot, where TDI was heading up with price stepping up (HL HH)
Appreciation is the key to wealth and happiness
  • #5,417
  • Jul 8, 2015 10:20pm Jul 8, 2015 10:20pm
Quoting likica
{quote} Just nice shot, where TDI was heading up with price stepping up (HL HH)

Thanks LK just trying to learn from your charts


MK
  • #5,418
  • Jul 8, 2015 10:32pm Jul 8, 2015 10:32pm
Quoting mkfx
Cad JPY 50+ After Jpy news, Bounce of DLO, crossing over 10 EMA, divergence , bounce of green to red over MBL . In a way it was a good setup for me .However it was against Yesterday daily candle. {image}
Hi MKfx
If you don't want glaring white box you can edit the background color to match with rest.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #5,419
  • Jul 8, 2015 10:35pm Jul 8, 2015 10:35pm
Quoting likica
{quote} positive news out, I guess you are in... I jumped in these... {image}
Hi friend
I have no AU or GU positions yet.Had to go to work and just came back (work at nights)
Prefer GU long and watching for some retrace to get in. 5370-60-50 would be nice.I have noticed Frankfurt open tends to be BEAR so waiting Germans to sell some Brit coins
Do have 6 shorts on UC
REgards
In trading, you have to be defensive and aggressive at the same time
  • #5,420
  • Jul 8, 2015 10:42pm Jul 8, 2015 10:42pm
Quoting mkfx
{quote} Hi LK Simply you are a great PA trader. All three trades were very well spotted and executed. We are learning by your charts and comments along with that Hope one day we will be able to do the same thing ..... Thanks a lot MK
hihihi... Thanks for your nice words. Hope you won't do the same thing like I did with this trade where price reached 100p without filling my PT, bounced back up, I should have adjusted my PT to 50p then rather than leaving it running up and now sitting at 26p...I did not get off the train at the right stop, could not settle @50p for GN I guess as I was expecting 100p plus
Attached Image (click to enlarge)
Click to Enlarge Name: 9.7.15 GN M30 hid div short, bad spead, PT didnt get filled for 100, rev.png Size: 116 KB
Appreciation is the key to wealth and happiness
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