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TMS for M30 charts

  • #6,541
  • Aug 7, 2015 8:55pm Aug 7, 2015 8:55pm
Full view
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In trading, you have to be defensive and aggressive at the same time
  • #6,542
  • Aug 7, 2015 9:06pm Aug 7, 2015 9:06pm
What's obvious that in order to draw anything one must see it as whole 1st then break it down to details.
Large TF to smaller TF should be the habitual goal of seeing price action.Not other way around.
What's more paiting anything requires seeing several things same time.
Form,Composition,tonality,Perspective,Expression harmonious blending of all.
In trading its same
News,Sentiment,Price Action,momentum.All relating and should be back of your mind always specially News.So when a competent trader is looking at price he/she is not just looking at price but looking all I mentioned plus S/R OS OB levels as well.
These should be done so many times that it becomes unconscious like driving a car.Unconscious competence is the goal
Anyway feel free to chip in.
In trading, you have to be defensive and aggressive at the same time
  • #6,543
  • Aug 7, 2015 9:13pm Aug 7, 2015 9:13pm
One of my paitings
Mixed media
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #6,544
  • Aug 7, 2015 10:52pm Aug 7, 2015 10:52pm
Quoting Davit
What's obvious that in order to draw anything one must see it as whole 1st then break it down to details. Large TF to smaller TF should be the habitual goal of seeing price action.Not other way around. What's more paiting anything requires seeing several things same time. Form,Composition,tonality,Perspective,Expression harmonious blending of all. In trading its same News,Sentiment,Price Action,momentum.All relating and should be back of your mind always specially News.So when a competent trader is looking at price he/she is not just looking at...
Right said...i used to ignore looking at higher time frames because it confuses me.
and that's a beautiful colours in you'r painting
  • #6,545
  • Aug 8, 2015 12:34am Aug 8, 2015 12:34am
Quoting Davit
Friday...weekends I paint and draw and think about trading and life. I love art and approach trading as an Art-form. One similarity to art and trading is distance. Observe 1st image Observe 2nd image Now look at the whole picture {image} {image} {image}
what a moment having my afternoon coffee and read..... beautiful painting and words. Have lots to learn from... Thanks D. Have a nice weekend.
Appreciation is the key to wealth and happiness
  • #6,546
  • Aug 8, 2015 4:19am Aug 8, 2015 4:19am
Quoting Davit
Full view {image}
Wow wow amazing Davit
Sad i'm not trying to understand PA
  • #6,547
  • Aug 8, 2015 8:56am Aug 8, 2015 8:56am
Quoting omonisha
{quote} Wow wow amazing Davit
Thank you Omonisha
Quoting sooma22
{quote} Right said...i used to ignore looking at higher time frames because it confuses me. and that's a beautiful colours in you'r painting
Thank you Sooma
Quoting likica
{quote} what a moment having my afternoon coffee and read..... beautiful painting and words. Have lots to learn from... Thanks D. Have a nice weekend.
Thank you Likica
I am learning a lot from you guys as well.Thank you


I have ton of Art work.Had a website and its down now being constructed.No not going to flood this thread with my Art but just 2 more of my recent bird series.Love birds both woodcuts
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In trading, you have to be defensive and aggressive at the same time
  • #6,548
  • Edited 9:36am Aug 8, 2015 9:22am | Edited 9:36am
One currency that is overachieving is Aussie dollar.
Place her as top choice to fade as soon as you see weakness.On AU it has good potential of 100pips south


With China slowing Feds threatening IR hike in Sept Aussie will be going back to low 73's again
Much of the boast came from
"RBA Governor Glenn Stevens has recently sounded reluctant to cut again as he balances the need to underpin a sluggish economy against the risk of over stimulating an already hot housing market."
So market anticipated further cuts but did not get hence the rebound.
Not sustainable Aussie will get crushed again.

7434-40 is area of confluence 200EMA
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In trading, you have to be defensive and aggressive at the same time
  • #6,549
  • Aug 8, 2015 9:46am Aug 8, 2015 9:46am
New Zealand dollar is in similar situation.
Recent dairy prices dropped dramatically.China slowing etc.Dairy accounts roughly 30% of NZ economy.Significant influence on currency.

New Zealand co-operative group Fonterras dairy prices plummet
Fonterra will pay farmers NZ$3.85 (2.32) per kilogram of milk solids in the season ending May 31st, 2016, it said yesterday. The payout is the lowest since at least 2006 and 27 per cent less than Fonterras May 28th prediction of NZ$5.25 a kilogram.
Dairy prices slumped to a 12-year low at this weeks GlobalDairyTrade auction amid a global glut, threatening to curb economic growth in a nation that relies on dairy for a quarter of its export earnings.
Todays announcement implies NZ$3.3 billion less revenue than normal for Fonterras suppliers, said Michael Gordon, senior economist at Westpac Banking in Auckland.
Prices are unsustainably low and we are seeing them beginning to impact production levels globally, chairman John Wilson said in the statement.

6640 is of interest to me.618 of recent swing
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In trading, you have to be defensive and aggressive at the same time
  • #6,550
  • Aug 8, 2015 9:55am Aug 8, 2015 9:55am
I normally don't trade much on crosses but should Aussie tumble EA is good candidate for long.
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In trading, you have to be defensive and aggressive at the same time
  • #6,551
  • Aug 8, 2015 9:56am Aug 8, 2015 9:56am
Daily TL is still intact
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In trading, you have to be defensive and aggressive at the same time
  • #6,552
  • Aug 9, 2015 12:26am Aug 9, 2015 12:26am
Quoting Davit
Daily TL is still intact {image}
Thanks for heads up D.
To expand your view on EA, it s interesting to see price reacted last few times on H4 and combined with fundie you quoted on Aussie, EA is more likely heading North after zigzag a bit more around 200EMA (would be nice to see another divergence ) . Hidden divergence formed (big pic) which is a sight for continuation...
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Appreciation is the key to wealth and happiness
  • #6,553
  • Aug 9, 2015 12:31am Aug 9, 2015 12:31am
Quoting Davit
{quote} Thank you Omonisha {quote} Thank you Sooma {quote} Thank you Likica I am learning a lot from you guys as well.Thank you I have ton of Art work.Had a website and its down now being constructed.No not going to flood this thread with my Art but just 2 more of my recent bird series.Love birds both woodcuts {image} {image}
beautiful art work D. I love art but no knowledge of art, just enjoying them thru my innocent eyes
Appreciation is the key to wealth and happiness
  • #6,554
  • Aug 9, 2015 12:38am Aug 9, 2015 12:38am
Quoting Davit
Full view {image}
Thats a great piece Davit, unbelievable, extraordinary works
I Have Learned to Take Some Losses to Make Profits
  • #6,555
  • Aug 9, 2015 1:00am Aug 9, 2015 1:00am
Quoting TheScorpS
{quote} Thats a great piece Davit, unbelievable, extraordinary works

Thanks friend the one you quoted is one my faves by Vermeer "Girl with a Pearl Earring"
In fact there is also a wonderful movie with same title.
Vermeer is one of my favorite painters.Very little is known about him and painted not many works but the ones he did were all masterpieces.
Sadly one of the works that was stolen from Isabella Stewart Gardner Museum in Boston was by Vermeer.Still unsolved and still missing.
Thieves ripped the canvases out of frames and that's serious damage to paintings.Well museum still displays empty frames...

Movie is beautifully made.Lots of existential moments
little preview
Inserted Video
In trading, you have to be defensive and aggressive at the same time
  • #6,556
  • Aug 9, 2015 1:11am Aug 9, 2015 1:11am
Quoting likica
{quote} Thanks for heads up D. To expand your view on EA, it s interesting to see price reacted last few times on H4 and combined with fundie you quoted on Aussie, EA is more likely heading North after zigzag a bit more around 200EMA (would be nice to see another divergence ) . Hidden divergence formed (big pic) which is a sight for continuation... {image}
Should be exciting week ahead.Looking forward.I like to focus on overachieves and underachievers then proceed.
Green pips
In trading, you have to be defensive and aggressive at the same time
  • #6,557
  • Aug 9, 2015 2:52am Aug 9, 2015 2:52am
Quoting likica
{quote} Thanks for heads up D. To expand your view on EA, it s interesting to see price reacted last few times on H4 and combined with fundie you quoted on Aussie, EA is more likely heading North after zigzag a bit more around 200EMA (would be nice to see another divergence ) . Hidden divergence formed (big pic) which is a sight for continuation... {image}
Just for learning purpose want to add some view hope senior will help me out if i m wrong ....

EA still in long term channel (up channel ) but i can see new channel is developing on H4 or in H1 .... may be by Monday or Tuesday we will have some clue where price is going ..
Attached Image(s) (click to enlarge)
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  • #6,558
  • Edited 4:18am Aug 9, 2015 4:03am | Edited 4:18am
EA will be my pip source this week. The moment it shows an good size HA bar, I'm in:

Long on a HA 80 pip bounce off the 200 ema and RN with target 1.5
Short on the bearish rotation if any HA breaks free of same confluence, target 1.45.

This trade should be enough for the week.

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historically EA has rotations around RN and 200 ema. That is where the pips are.

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Best regards, Zef
  • #6,559
  • Aug 9, 2015 6:53am Aug 9, 2015 6:53am
Quoting Davit
Friday...weekends I paint and draw and think about trading and life. I love art and approach trading as an Art-form. One similarity to art and trading is distance. Observe 1st image Observe 2nd image Now look at the whole picture {image} {image} {image}
masterful - marvelous to see these ideas and works

Quoting ZeF
EA will be my pip source this week. The moment it shows an good size HA bar, I'm in: Long on a HA 80 pip bounce off the 200 ema and RN with target 1.5 Short on the bearish rotation if any HA breaks free of same confluence, target 1.45. This trade should be enough for the week. {image} historically EA has rotations around RN and 200 ema. That is where the pips are. {image}
i like this - long if ABC .... short if XYZ etc ... go with the flow
  • #6,560
  • Aug 9, 2015 7:05am Aug 9, 2015 7:05am
gr8 analysis every1

...EU H4 update - got the retrace - NFP/red slammed it every possible way - good reason to side step perhaps - sub structure is starting to form - will re-evaluate LO ... Oh, you're an intelligent imbecile! ... hey Moe!!!
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