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TMS for M30 charts

  • #6,041
  • Jul 25, 2015 10:08am Jul 25, 2015 10:08am
DIV on H1 EA
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In trading, you have to be defensive and aggressive at the same time
  • #6,042
  • Jul 25, 2015 10:14am Jul 25, 2015 10:14am
on U/CHF
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In trading, you have to be defensive and aggressive at the same time
  • #6,043
  • Jul 26, 2015 2:25am Jul 26, 2015 2:25am
EC H1 div ?
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what ever it takes
  • #6,044
  • Jul 26, 2015 2:32am Jul 26, 2015 2:32am
Quoting vitzaza
EC H1 div ? {image}
Hi

I may differ from others, But in my view at this time it is not div setup the reason is TDI not coming down from 68.

YEs previously from where you starting your line that time div was there , TDI was coming down from 68 area and come to below 30 so that div finished.

Thanks

MK
  • #6,045
  • Jul 26, 2015 2:42am Jul 26, 2015 2:42am
Quoting mkfx
{quote} Hi I may differ from others, But in my view at this time it is not div setup the reason is TDI not coming down from 68. YEs previously from where you starting your line that time div was there , TDI was coming down from 68 area and come to below 30 so that div finished. Thanks MK
This game is simply about confluences of 2-3 PA factors. well done
Best regards, Zef
  • #6,046
  • Jul 26, 2015 5:51am Jul 26, 2015 5:51am
Quoting vitzaza
EC H1 div ? {image}
IMO, it is a good div since it was rejected from s/r with a bearish candle, and price has created lower low (show that bears in). The important questions to ask is where to enter? where SL/PT should be placed, etc.
Appreciation is the key to wealth and happiness
  • #6,047
  • Edited 6:14am Jul 26, 2015 5:53am | Edited 6:14am
Quoting Davit
{quote} Hi GS Great results! Looking at your chart you were progressively adding to losing positions from 9662 to 9630 If you intentionally were scaling like I do always then its fine but if you were just trying to recover by adding more and more same amount going far behind your intended lot traded then that's not so good.I believe you know what you are doing and you were scaling in.Danger of this instead of losing 20pips you end up forcefully closing -250pips. Just want to warn the lurkers and newbies this way to trade is not something...
Quote
The Method that Must Not Be Named

excellent question/observation Davit - i am forecasting using M30 and my set play was locked in before PA hit my limit orders - this means all aspects of the trade were woorked out before hand - TP/SL/entry etc - and i forecast the M30 cross that was eventually taken by LK for a +30pip greenie

wat you are referring to and warning noobs about is something call Martingale (and all its many various forms and spinoffs) - this method is associated with (comes from) gambling - the general conclusion from (many expereinced and smart) traders is that you will eventually (sooner or later) kill your account from "Death by a thousand cuts"
  • #6,048
  • Jul 26, 2015 5:59am Jul 26, 2015 5:59am
Davit - lets pretend the following is a real to show what a Martingale style trade is for noobs

just selecting a pair by random - say i but the cross on GJ M30 above 200ema - looks good with +25pip TP and -25pips SL - enter on candle close M30 style
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  • #6,049
  • Jul 26, 2015 6:04am Jul 26, 2015 6:04am
...but after +12pips green the trade goes against us and we would have hit our SL - BUT we decide not to take a loss and move our SL down to -90pips to aviod loss

...then we see another cross long and buy again into our lossing trade in the hope of recovering our loss
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  • #6,050
  • Jul 26, 2015 6:07am Jul 26, 2015 6:07am
....but we then have more problems as PA keeps going against us ... we must move our SL to -190pips

but again we see another cross long and buy once again - we hope PA will recover
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  • #6,051
  • Jul 26, 2015 6:10am Jul 26, 2015 6:10am
...now we are in real big trouble with a huge possible loss of over 200pips from the first buy trade ... you would need nerves of a Turtle trader to get thru this still sane

i hope this very simple example helps... remember there is many many different types of Martingale and you will find many threads on this here @FF
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  • #6,052
  • Jul 26, 2015 6:28am Jul 26, 2015 6:28am
Quoting griffinssoul
Davit - lets pretend the following is a real to show what a Martingale style trade is for noobs just selecting a pair by random - say i but the cross on GJ M30 above 200ema - looks good with +25pip TP and -25pips SL - enter on candle close M30 style {image}
hey GS, I don't know M style that you are referring, only looking at your chart where you randomly picked cross for buying into resistant (look left where red highlighted lines) telling me 99.9% it would reverse...
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Appreciation is the key to wealth and happiness
  • #6,053
  • Jul 26, 2015 6:32am Jul 26, 2015 6:32am
Quoting likica
{quote} hey GS, I don't know M style that you are referring, only looking at your chart where you randomly picked cross for buying into resistant (look left) telling me 99.9% it would reverse...
hey LK - no no not for you LK [PA can not fool you so easy ] - this is just to show wat Davit was talking about ... i hope it is of some help

Quoting likica
{quote} hey GS, I don't know M style that you are referring, only looking at your chart where you randomly picked cross for buying into resistant (look left where red highlighted lines) telling me 99.9% it would reverse... {image}
i would so be thinking & watching for short ....
  • #6,054
  • Jul 26, 2015 6:40am Jul 26, 2015 6:40am
Quoting griffinssoul
{quote} hey LK - no no not for you LK [PA can not fool you so easy ] - this is just to show wat Davit was talking about ... i hope it is of some help
PA didn't fool me easily but I did fool myself sometimes
Appreciation is the key to wealth and happiness
  • #6,055
  • Jul 26, 2015 6:55am Jul 26, 2015 6:55am
hey guys - check this from mraye - like wow!!! ... the new update of the Angleator - wat a beast .... how amazing is mraye's programming skills <- time for one of these
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  • #6,056
  • Jul 26, 2015 10:22am Jul 26, 2015 10:22am
Quoting griffinssoul
{quote} {quote} excellent question/observation Davit - i am forecasting using M30 and my set play was locked in before PA hit my limit orders - this means all aspects of the trade were woorked out before hand - TP/SL/entry etc - and i forecast the M30 cross that was eventually taken by LK for a +30pip greenie wat you are referring to and warning noobs about is something call Martingale (and all its many various forms and spinoffs) - this method is associated with (comes from) gambling - the general conclusion from (many expereinced and...
GM guys
Thanks for clearing this up since we get lot of noobs here at FF I didn't want misunderstanding.
Heads up on most important news event this week.Weds Feds statement.Market will be watching for clear statement on IR hike and should that occure all USD pairs will shoot up 200pip will not surprise me
Best not touch USD pairs until event is over.TRade none USD pairs
REgards
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #6,057
  • Jul 26, 2015 11:08am Jul 26, 2015 11:08am
Installed the new Angleator thanks GS
Will be watching old and new and see which one is more accurate.

Based on H1 candle New one shows Red EA old one sideways.I'll have to wait until market opens to run both side by side to confirm accuracy.
This is critical to me.
New one below
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Attached File(s)
File Type: mq4 TMS_Angleator V3 - RT.mq4   25 KB | 315 downloads
In trading, you have to be defensive and aggressive at the same time
  • #6,058
  • Jul 26, 2015 9:26pm Jul 26, 2015 9:26pm
closed UC short +51pips
Flat now.Will be very selective until Feds statement.
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In trading, you have to be defensive and aggressive at the same time
  • #6,059
  • Jul 27, 2015 12:14am Jul 27, 2015 12:14am
All Euro pairs are resisting going south
I think PA is waiting for German Ifo Business Climate 4am
EA is having hard time breaking 51
In trading, you have to be defensive and aggressive at the same time
  • #6,060
  • Jul 27, 2015 12:53am Jul 27, 2015 12:53am
Quoting Davit
closed UC short +51pips Flat now.Will be very selective until Feds statement. {image}
Hi Davit
why did you enter short on UC?
i always struggle in these type of trades that i have to enter short if there was previous resistence, and in H1 tdi although above 68 but didnt cross down, also H4 tdi didnt cross down yet.
how did you know the price will go down and entered early ?
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