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TMS for M30 charts

  • #6,701
  • Aug 12, 2015 6:26am Aug 12, 2015 6:26am
EA M30 [deep/crossy] bounce +50+50+50+50+50pips - have to wait on these [also has H&S]
EN - was to angry and slapped my face off
ECad - BE let it go ...

EDT: ECad&EN both did same - BE hit then they visit my old PTs
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  • #6,702
  • Aug 12, 2015 6:27am Aug 12, 2015 6:27am
Quoting griffinssoul
EA M30 [deep/crossy] bounce +50+50+50+50+50pips - have to wait on these EN - was to angry and slapped my face off ECad - BE let it go ... {image}
amazing!!!
Positive anything is better than negative thinking.- Elbert Hubbard
  • #6,703
  • Aug 12, 2015 6:28am Aug 12, 2015 6:28am
EG at cross roads double top.Looking for reasons to short.
As you can see there is larger swings and smaller ones.My reluctance is due possibility of this current drive can become a larger swing targeting 73+thus not shorting blindly.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #6,704
  • Aug 12, 2015 6:32am Aug 12, 2015 6:32am
TDI is turning south slowly and price has huge rejection candle on Bull side (long tail)
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #6,705
  • Aug 12, 2015 6:35am Aug 12, 2015 6:35am
Quoting griffinssoul
{quote} LK! we need more wheelbarrows for D ... ummm - everything you got
you too bro
August so far has been stellar goal was 10% I am over 35% equity.
In trading, you have to be defensive and aggressive at the same time
  • #6,706
  • Aug 12, 2015 6:36am Aug 12, 2015 6:36am
Quoting Davit
There is underlining sentiment growing against Sept Hike This is why USD is losing steam and USD bulls jumping ship.Chinese surprised move changes everything. Recent speeches by Feds officials have been more dovish...
in a bit of a range USD on the D1 TF over last MN or so [same s&p500] - do you see it diving ???
  • #6,707
  • Aug 12, 2015 6:42am Aug 12, 2015 6:42am
Quoting griffinssoul
{quote}
Start shorting UC as soon as it hits 31 and hold few days
Longer term UC will get back to 25 and I think after Sept16.She is oversold to extreme.
Oil below 50 is not very profitable and threatens jobs in oil ,manufacturing and heavy equipments makers like Caterpillar hence Oil is bout to rebound to 50-55 before 2016 hence making UC 25 even lower
I dismiss CNBC pundits saying shit like UC at 34+ EU at .80-1.0 dire predictions.US economy is nowhere near to produce that much dynamics when our growth has been 2% and below.
In trading, you have to be defensive and aggressive at the same time
  • #6,708
  • Aug 12, 2015 6:42am Aug 12, 2015 6:42am
Quoting Davit
{quote} you too bro August so far has been stellar goal was 10% I am over 35% equity.
wow - wow !!!!
  • #6,709
  • Aug 12, 2015 6:43am Aug 12, 2015 6:43am
exited EC short with +46
time for exercise now
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  • #6,710
  • Aug 12, 2015 8:37am Aug 12, 2015 8:37am
Quoting Davit
EG People here avoid slow pairs Exception of Red but they miss something profound. Slow pairs allow room for error. Make a mistake on GN and it will cost you 30pips in 1min but on UC and EG 10pips max. add few more trades and you got the same distance as typical G cross but more forging environment. Range is good and you should have an idea how to trade it.Every trading book is negative on range because most are based on trend trading concepts.Range trading requires different paradigm all together.Price 70-80% of times does not trend.This is based...

This is pretty significant (profound). I had previously read just what you speak of in your two posts, BUT really never took the info on-board. As you suggest, most just search for trends. You have jolted me to really attend to this.

The knowledge of the time in ranging (say >70%) coupled with use of slower movers (your EG, UC and Red's NU, for example) while taking multiple positions is a unique and powerful system in itself.

You are a giant on this excellent forum. Many thanks to you.

F-S
  • #6,711
  • Aug 12, 2015 10:58am Aug 12, 2015 10:58am
Quoting Forest-Sea
{quote} This is pretty significant (profound). I had previously read just what you speak of in your two posts, BUT really never took the info on-board. As you suggest, most just search for trends. You have jolted me to really attend to this. The knowledge of the time in ranging (say >70%) coupled with use of slower movers (your EG, UC and Red's NU, for example) while taking multiple positions is a unique and powerful system in itself. You are a giant on this excellent forum. Many thanks to you. F-S
Thanks Forest for paying attention.Not posting for self glory but trying to make others think outside the box.Reason I like this system because its based on 30min chart.Most often moves are counter to main trend on 30min so in essence lots of trades taken on this system are against the main trend.
Trend trading requires bigger account and wider stops because retacement can be big.For example on UC over 100pips and once it does come down 100pips 29.90 say your long entry was 3175 and now you are in significant DD and you don't know if current retrace is continuation of larger trend up or new trend reversing.This is the part new traders get killed trading trends.What they thought was still main trend going up most often is already trend going opposite.If you are trend trader be prepared to have as much as 15-20% DD or take regular losses and to me its not worth the risk.
Hope this is not overwhelming.It takes some trading experience (3+years) to recognize when trend runs out of steam.Its something hard to explain.
regards
In trading, you have to be defensive and aggressive at the same time
  • #6,712
  • Aug 12, 2015 11:10am Aug 12, 2015 11:10am
One way corporate traders gauge trend is by 200MA .Above long below sell.
Well look at UC from 29 to 2357 is huge distance.Once it does come down to 2357 it could be totally new trend going down and you missed the boat by 500pips
as you can tell UC broke cleanly 10EMA on daily.That's significant to me.We could go down from here.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #6,713
  • Aug 12, 2015 11:17am Aug 12, 2015 11:17am
Between Aussie and Canadian dollar I prefer Canadian dollar
Look to sell the Aussie against Canadian dollar key area of interest to me is 200EMA 9627 or 9644 618fib.I most likely will build my shorts from 9615+
Once again Aussie is overachieving on poor fundamentals.Another nice rangy pair
Do you see a trend here?
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #6,714
  • Aug 12, 2015 11:24am Aug 12, 2015 11:24am
Quoting griffinssoul
{quote} wow - wow !!!!
trying to achieve my best all time.We'll see I still have 2weeks of trading until Sept
thanks bro
In trading, you have to be defensive and aggressive at the same time
  • #6,715
  • Aug 12, 2015 11:28am Aug 12, 2015 11:28am
Quoting griffinssoul
{quote} in a bit of a range USD on the D1 TF over last MN or so [same s&p500] - do you see it diving ???
I think its just MM's collecting their money hitting stops.Nothing significant has been announced but Job report was not staler and if retail sales come out red anticipate more USD weakening
In trading, you have to be defensive and aggressive at the same time
  • #6,716
  • Aug 12, 2015 11:31am Aug 12, 2015 11:31am
Feel like I am talking to myself.Please feel free to contribute.

Crude is going down again after testing 4380 and heading 42.20
Good for UC going up setting another round of shorts but this time I will hold longer.Love to see at least 3050
In trading, you have to be defensive and aggressive at the same time
  • #6,717
  • Aug 12, 2015 11:55am Aug 12, 2015 11:55am
Quoting LazyTrad3r
I close the trade because now has News in EUR. And im too nooby for that situation. 16 Pips + Lets the Week beginn {image}
good job of being aware of news!!!!keep the news on your charts always although it wasn't there....
do study at babypips.Your inquire about divergence before knowing what ATR is puzzling.
Don't jump ahead of yourself. Forget divergence for now.Focus on TDI cross on 30min PA going your way.Keep it simple.
In trading, you have to be defensive and aggressive at the same time
  • #6,718
  • Aug 12, 2015 12:06pm Aug 12, 2015 12:06pm
Hello guys,

I cant't find the rules of this system for entry. Can someone please give me a link to the rules of this system?

Thanks
  • #6,719
  • Aug 12, 2015 12:55pm Aug 12, 2015 12:55pm
Quoting Davit
{quote} Thanks Forest for paying attention.. .It takes some trading experience (3+years) to recognize when trend runs out of steam.Its something hard to explain. regards
Usually the candles foreshadow the exhaustion at top or bottom. Just often enough, though, you get an abrupt turn without much warning. Usually due to news or hitting an important S/R level, though.

I have logged my 3+ years of experience, and another one beyond, BUT like many traders, especially in the beginning much time was squandered moving from system to system. True noobs, LISTEN, please. First, you MUST figure out yourself. If you can't watch the candles dance on M1 or 5 get the heck out of there. Unfortunately, in the beginning many want to trade and there are plenty of trades on M1, etc. You probably just won't win too many.

I worked my way up to H4 which is great for information but just (maybe one or two) a few trades a week per pair doesn't work for everyone. It didn't make me comfortable, plus I was always resting when one of the good set-ups showed up. Oops again.

Fortunately, I worked my way to MY (maybe not your) sweet spot . . . M30/H1. There is enough going on for my personality but you really don't need to sit at the screen every second for hours on end.

As has often been said, 1000 trades on one system/TF/pair etc is a huge knowledge multiplier. 1000 trades all over the map is just north of useless.

Excellent trading to all and know thyself.
  • #6,720
  • Aug 12, 2015 1:54pm Aug 12, 2015 1:54pm
Quoting Davit
Feel like I am talking to myself.Please feel free to contribute. Crude is going down again after testing 4380 and heading 42.20 Good for UC going up setting another round of shorts but this time I will hold longer.Love to see at least 3050
i wish i can understand fundamentals like you
i didn't know oil affect UC...glad i learned it thanx
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