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TMS for M30 charts

  • #6,761
  • Aug 13, 2015 3:55am Aug 13, 2015 3:55am
Quoting likica
{quote} Welcome to M30 sEit89, As Davit once mentioned, we need to see big picture rather than just 1 small spot. GA GC long were all good ( I was in those too). I don't know EG so Davit might share his view...
Thank you guys and sorry for the inconvenience,

Still waiting for DPP breakouts in these GBP pairs. Looks interesting...
Attached Image(s) (click to enlarge)
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  • #6,762
  • Aug 13, 2015 3:56am Aug 13, 2015 3:56am
I got in so many trades today. I m done with my trading. might hop in here later on for reading...
Have a happy day and green pips to all.
Appreciation is the key to wealth and happiness
  • #6,763
  • Aug 13, 2015 3:58am Aug 13, 2015 3:58am
Quoting likica
{quote} good pipping GS. where did u enter EN? signal confirmed around FO/LO has done more than 50pips.
after it covered the pinbar ... risky - yes - but GN is a raging beast - once you see its rhythm can jump on for ride - stand in its way and you will be crushed

EN - when cleared 6883 depend on wat EU does <- LO entry far to risky
  • #6,764
  • Aug 13, 2015 4:03am Aug 13, 2015 4:03am
Quoting sEit89
{quote} Thank you guys and sorry for the inconvenience, Still waiting for DPP breakouts in these GBP pairs. Looks interesting... {image} {image}
Once you learn PA very well, you won't go in a trade with a confirmed APB of 50-70pips since your SL has to be 100p or something...then your PT has to be the same or better...( I still do jump in big APBs sometimes )
Appreciation is the key to wealth and happiness
  • #6,765
  • Aug 13, 2015 4:07am Aug 13, 2015 4:07am
Quoting likica
{quote} Once you learn PA very well, you won't go in a trade with a confirmed APB of 50-70pips since your SL has to be 100p or something...then your PT has to be the same or better...( I still do jump in big APBs sometimes )
spot-on LK - but this is just basics right ....

two basic trading things kill traders ....

1. picking the wrong direction - retailers have a good record here with about 50-70% good picks
2. bad R:R - retailers suck bad @ this - which kills accounts

easy simple right?
  • #6,766
  • Aug 13, 2015 4:09am Aug 13, 2015 4:09am
Quoting griffinssoul
{quote} after it covered the pinbar ... risky - yes - but GN is a raging beast - once you see its rhythm can jump on for ride - stand in its way and you will be crushed EN - when cleared 6883 depend on wat EU does <- LO entry far to risky
It s all clear now.
EA fooled me and I was out for 30 green and now it crawled up to my original PT
Appreciation is the key to wealth and happiness
  • #6,767
  • Aug 13, 2015 4:46am Aug 13, 2015 4:46am
GA M30 bounce +50+50+50+50+50pips - miss timed sure but it was following GN AU broke away from 200ema
EA - around 20pips - EU can not make up mind ...
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  • #6,768
  • Aug 13, 2015 5:14am Aug 13, 2015 5:14am
Quoting griffinssoul
GA M30 bounce +50+50+50+50+50pips - miss timed sure but it was following GN AU broke away from 200ema EA - around 20pips - EU can not make up mind ... {image}
EA - hit BE - dead slow astern - watching EU
  • #6,769
  • Aug 13, 2015 6:36am Aug 13, 2015 6:36am
Quoting Davit
Closed AC shorts off from rejection of 200EMA which is part of this system however not totally. Half baked winning trades. In reality this was a classic 30min TMS trade 1hr ego.Look at TDI cross and below 10EMA +23 +23 +30+40 pips total +116pips UC is going up which is nice.Love to see a retest of 3075 {image}
Hi Davit, how do you buy weakness and sell strength? do you use currency strength meter indicator? Any suggestion will be appreciated. Thank you.
  • #6,770
  • Aug 13, 2015 9:20am Aug 13, 2015 9:20am
Still baffling me why new traders trade crosses at all specially G pairs.Its like trying to learn to drive on Ferrari when they should try on Toyota Corolla.
In trading, you have to be defensive and aggressive at the same time
  • #6,771
  • Aug 13, 2015 9:22am Aug 13, 2015 9:22am
Quoting macajos
{quote} Hi Davit, how do you buy weakness and sell strength? do you use currency strength meter indicator? Any suggestion will be appreciated. Thank you.
My signature is just that signature.Follow rules of this system and you'll be fine.
In trading, you have to be defensive and aggressive at the same time
  • #6,772
  • Aug 13, 2015 9:23am Aug 13, 2015 9:23am
Quoting Davit
Still baffling me why new traders trade crosses at all specially G pairs.Its like trying to learn to drive on Ferrari when they should try on Toyota Corolla.
Haha. Agree. G pairs are crazy fast movers. Plus the Daily range are very large.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #6,773
  • Aug 13, 2015 9:25am Aug 13, 2015 9:25am
Quoting redcloudxlll
{quote} Haha. Agree. G pairs are crazy fast movers. Plus the Daily range are very large.
I got good amount of experience and I don't touch them most of the times.Why bother with steroid induced beasts (plus paying 6-8pips spread)when I can trade UC EG for example with clear S/R and range and still make more money
UC,EU,UJ wrong -2pips-10pips
GN wrong -7pips-10pips
Do the math.Do this several times and your account will shrink guaranteed.
In trading, you have to be defensive and aggressive at the same time
  • #6,774
  • Aug 13, 2015 9:28am Aug 13, 2015 9:28am
Quoting Davit
{quote} I got good amount of experience and I don't touch them most of the times.Why bother with steroid induced beasts when I can trade UC EG for example with clear S/R and range and still make more money
That's true. UC is a nice pair. I haven't followed it lately.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #6,775
  • Aug 13, 2015 3:03pm Aug 13, 2015 3:03pm
Entering on TDI cross on the M30 Holding onto NU Long. Setting my Stops soon for NU News later.
Attached Image (click to enlarge)
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Positive anything is better than negative thinking.- Elbert Hubbard
  • #6,776
  • Aug 13, 2015 6:07pm Aug 13, 2015 6:07pm
Short NU. 30M TDI Cross confirmation.
Attached Image (click to enlarge)
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Positive anything is better than negative thinking.- Elbert Hubbard
  • #6,777
  • Aug 13, 2015 6:47pm Aug 13, 2015 6:47pm
Quoting redcloudxlll
Short NU. 30M TDI Cross confirmation. {image}
G'morning from Mel,
You never have enough of NU Red.
For my curiousity, how did you determine your entries (fundie or TA and enter on M1 m5 or something)? I could not see the edge ( I saw TDI cross):nerd:. if you don't mind sharing (not sure if I asked it before)
Below is NU H1 which I always look before entering any trade on M30, NU is sitting at S/R, might be resting there, seeing long tail making wondering....might go down a bit more and create divergence, I m just looking at it not to trade it but for GN view ...
Attached Image (click to enlarge)
Click to Enlarge Name: 14.8.15 NU H1 view@9.37am aedt.png Size: 67 KB
Appreciation is the key to wealth and happiness
  • #6,778
  • Aug 13, 2015 7:08pm Aug 13, 2015 7:08pm
chilly in melbourne today good day to be inside and trading

Quoting Davit
Still baffling me why new traders trade crosses at all specially G pairs.Its like trying to learn to drive on Ferrari when they should try on Toyota Corolla.

Because there is so much information they probably have not had the reasoning applied on which pairs to trade and why, also, from my perspective, its often seen on threads shortened words used for chatter an that probably doesnt help a lot for newer traders to grasp mastering trading when they yet are not likely to have the mastery of deciding whether to follow a trade someone else has posted online.....just a perspective
  • #6,779
  • Edited 7:56pm Aug 13, 2015 7:27pm | Edited 7:56pm
Quoting Davit
Still baffling me why new traders trade crosses at all specially G pairs.Its like trying to learn to drive on Ferrari when they should try on Toyota Corolla.
You mentioned this before D, and I don't know about new traders, for me I trade any pair if I spot a good set up and yes, it's true that I trade lots of crosses because my eyes only spotted more edges on the crosses and not often on the majors . I found that majors are slow and ranging while there is volitility on the crosses and they are fast that's why you see lots of us trading and I guess new traders tend to follow what is popular around. GS also warned new traders not to follow us or they could be crushed like pineapples under large wheels of a truck
Attached Image (click to enlarge)
Click to Enlarge Name: 14.8.15 GJ GU M30 view (AO).png Size: 93 KB
Appreciation is the key to wealth and happiness
  • #6,780
  • Aug 13, 2015 7:37pm Aug 13, 2015 7:37pm
Quoting OuterWest
chilly in melbourne today good day to be inside and trading {quote} Because there is so much information they probably have not had the reasoning applied on which pairs to trade and why, also, from my perspective, its often seen on threads shortened words used for chatter an that probably doesnt help a lot for newer traders to grasp mastering trading when they yet are not likely to have the mastery of deciding whether to follow a trade someone else has posted online.....just a perspective
You r from Mel too I guess.
Actually it is getting clearer and a bit warmer...I m gonna be out of the house all day and will be back for trading around late LO to NY.
Wishing everyone a good pipping day and good weekend
Lkc
Appreciation is the key to wealth and happiness
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