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TMS for M30 charts

  • #5,641
  • Jul 13, 2015 5:20am Jul 13, 2015 5:20am
Quoting Davit
Looks like Greece news has been "consumed" Looking at EG for long.Very attractive now but must wait for NY open.NY can push further down
agreed Davit. TDI<32...
ah forgot that I am more to TA, where u are more into FA. However, I m seeing EU crawling up...
Appreciation is the key to wealth and happiness
  • #5,642
  • Jul 13, 2015 5:24am Jul 13, 2015 5:24am
Closed another batch of AU longs at 7442
Ready to repeat again
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 52 KB
In trading, you have to be defensive and aggressive at the same time
  • #5,643
  • Jul 13, 2015 5:27am Jul 13, 2015 5:27am
Quoting likica
{quote} agreed Davit. TDI<32... ah forgot that I am more to TA, where u are more into FA. However, I m seeing EU crawling up...
Both I think balance approach is necessary.Would you want to be wrong side of news? I have news feed direct on my template.Just tells me what I need to know.
Pure TA traders often underestimate power of news releases.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #5,644
  • Jul 13, 2015 5:29am Jul 13, 2015 5:29am
Quoting Davit
Closed another batch of AU longs at 7442 Ready to repeat again {image}
Are u going with mkfx for a Shiraz Davit?
I m watching ECAD...
Appreciation is the key to wealth and happiness
  • #5,645
  • Jul 13, 2015 5:30am Jul 13, 2015 5:30am
Quoting Davit
{quote} Both I think balance approach is necessary.Would you want to be wrong side of news? I have news feed direct on my template.Just tells me what I need to know. Pure TA traders often underestimate power of news releases. Regards
Thanks for heads up Davit,
Just that I don't trade news or predict price. I m just a follower and will do this if price does that...hehehe...
will be back for NY move. see u all later
Appreciation is the key to wealth and happiness
  • #5,646
  • Jul 13, 2015 5:33am Jul 13, 2015 5:33am
Quoting likica
{quote} Are u going with mkfx for a Shiraz Davit? I m watching ECAD...
Funny you mention wine I almost finished a battle, nothing fancy Gnarley Head authentic red from CA
I have 6 shorts on UC so you know my bias.
In trading, you have to be defensive and aggressive at the same time
  • #5,647
  • Jul 13, 2015 6:05am Jul 13, 2015 6:05am
Holiday will be over next week. Hope to trade regularly then. Excellent trading everyone. I took one trade today..

GBPnZD-D1...Yesterday BUOB. Waited for the retrace. Went in just above RN-2.3000
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-07-13_16-58-03GBPNZD-D1.png Size: 39 KB
Sad i'm not trying to understand PA
  • #5,648
  • Jul 13, 2015 6:06am Jul 13, 2015 6:06am
Quoting omonisha
Holiday will be over next week. Hope to trade regularly then. Excellent trading everyone. I took one trade today.. GBPnZD-D1...Yesterday BUOB. Waited for the retrace. Went in just above RN-2.3000 {image}
superb trading buddy ... ...hope you are having excellent holiday
  • #5,649
  • Jul 13, 2015 6:19am Jul 13, 2015 6:19am
Quoting omonisha
Holiday will be over next week. Hope to trade regularly then. Excellent trading everyone. I took one trade today.. GBPnZD-D1...Yesterday BUOB. Waited for the retrace. Went in just above RN-2.3000 {image}

"BUOB".....????? "Bring Ur Own Bottle".....???? Cuz a stiff drink is what it takes to trade that pair some days.

  • #5,650
  • Jul 13, 2015 6:48am Jul 13, 2015 6:48am
Quoting sknight1
{quote} "BUOB".....????? "Bring Ur Own Bottle".....???? Cuz a stiff drink is what it takes to trade that pair some days.
hahhaha sk "Bring Ur Own Bottle"

Quoting griffinssoul
{quote} superb trading buddy ... ...hope you are having excellent holiday
Thanks buddy you all are just fantastic
Sad i'm not trying to understand PA
  • #5,651
  • Jul 13, 2015 6:57am Jul 13, 2015 6:57am
EU H4 update .... i am looking @ the trendline third touch
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 45 KB
  • #5,652
  • Edited 7:44am Jul 13, 2015 7:16am | Edited 7:44am
Quoting Islandfx911
{quote} Hi GS, I have been trading 18 years, 6 figure trading account at times. +736% ROI one year, 3rd place in competition against 4000 traders. Nowadays a smaller account and less riskier trading. You could say I have done a bit of trading -
Rock on buddy !!!!

But, I'm wondering.... if you did, and can do, all that you say.... why are you wasting your time on ff.com and trying out other people's methods???
  • #5,653
  • Jul 13, 2015 8:12am Jul 13, 2015 8:12am
Quoting sknight1
{quote} "BUOB".....????? "Bring Ur Own Bottle".....???? Cuz a stiff drink is what it takes to trade that pair some days.
you r so creative SK
Appreciation is the key to wealth and happiness
  • #5,654
  • Jul 13, 2015 8:14am Jul 13, 2015 8:14am
Quoting omonisha
Holiday will be over next week. Hope to trade regularly then. Excellent trading everyone. I took one trade today.. GBPnZD-D1...Yesterday BUOB. Waited for the retrace. Went in just above RN-2.3000 {image}
good pipping OS
Appreciation is the key to wealth and happiness
  • #5,655
  • Jul 13, 2015 12:58pm Jul 13, 2015 12:58pm
Hi Guys
I am scaling in on EG
1. PA is inside trading area
2. 30 1 H4 Green
3. Cross on 30min chart
Check check check I am in.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM30.png Size: 46 KB
In trading, you have to be defensive and aggressive at the same time
  • #5,656
  • Jul 13, 2015 1:10pm Jul 13, 2015 1:10pm
Attempted shorting UJ 4 times all losers (small losses)
I think BOJ dumped shitload of yen on fears of Greece reaction to stay competitive.As soon as Euro recovers a little UJ will come down.
Its resiliently holding on to 2340
Based on this system I had no business of shorting UJ when I did hence I am posting this to others that this system has nice way of avoiding weak trades.
Going to stick with it.Having said this my eyes are on 123.77-85 zone 61.8 fib of daily swing.Will watch PA behavior there
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 46 KB
In trading, you have to be defensive and aggressive at the same time
  • #5,657
  • Jul 13, 2015 1:30pm Jul 13, 2015 1:30pm
One thing to keep in mind is this.
UJ is barometer of currencies like Aussie, New Zealand and to some extend Canadian dollar
UJ going up forces AU NZ UC losing to USD as well.Correlation is strong
http://www.myfxbook.com/forex-market/correlation/USDJPY
AU92% NZ 85%

This should be back of your mind always.Kind of automatic response to PA independent to any system.
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #5,658
  • Jul 13, 2015 10:59pm Jul 13, 2015 10:59pm
Example of good TMS trade
Notice the cross.Keep in mind overall trend is Bear hence taking reasonable TP is wise.
I closed 9trades yesterday on AU in profit and this is my round 3
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30.png Size: 51 KB
In trading, you have to be defensive and aggressive at the same time
  • #5,659
  • Jul 14, 2015 12:48am Jul 14, 2015 12:48am
Heavy USD buying despite of highest unemployment claims since April
This is largely due Yellen to testify Weds and market usually gets bullish assuming IR hike is still on track in Sept.
There are lot of factor that I doubt there will be IR hike in 2015 perhaps in 2016 but crises in China,Greece and already high USD it will be plain stupid kill any real chance of recovery.
Some basic background
5.4%unemployment is misleading
8.8% are underemployed part timers
93million Americans out of labor force highest since 1977!!
Slow growth lot lower then what Feds anticipated beginning of the year.
Putting all this together it does not take a genius to see already expensive USD is pushing oil down pushing steel down=laying off more jobs that actually pays well.
So if Yellen and her entourage want oil at 45 then raise IR because that will put stop to any hope of recovery.We need administration change in Washington bad.We need a true Conservative at Feds and in White house.

Closed my AU longs at 7428
Reasonable profit from 3 positions. We most likely test 7390-80 again for another go.
In trading, you have to be defensive and aggressive at the same time
  • #5,660
  • Jul 14, 2015 1:07am Jul 14, 2015 1:07am
Quoting Davit
One thing to keep in mind is this. UJ is barometer of currencies like Aussie, New Zealand and to some extend Canadian dollar UJ going up forces AU NZ UC losing to USD as well.Correlation is strong http://www.myfxbook.com/forex-market/correlation/USDJPY AU92% NZ 85% This should be back of your mind always.Kind of automatic response to PA independent to any system. {image}
many thnx Davit for this link - looks really useful
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