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TMS for M30 charts

  • #7,041
  • Aug 20, 2015 11:55pm Aug 20, 2015 11:55pm
Quoting Davit
{quote} Thanks Josh Breakout is more dramatic then I anticipated.Still scratching my head why.
I don't know anything regard fundie that makes E's pairs shooting up so strong, only thing I know by looking at TA telling me those very bullish and don't try to short even if there are div set up as won't work when TDI H1>68.
Are you still in NC short?
Appreciation is the key to wealth and happiness
  • #7,042
  • Aug 21, 2015 1:56am Aug 21, 2015 1:56am
EU H4 update - got a break long - ABCD[50% retrace] - if thats not an impulse move nothing is - important to note the angle - hey Moe! [wikipedia.org/wiki/Moe_Howard]
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  • #7,043
  • Aug 21, 2015 2:08am Aug 21, 2015 2:08am
Quoting likica
{quote} I don't know anything regard fundie that makes E's pairs shooting up so strong, only thing I know by looking at TA telling me those very bullish and don't try to short even if there are div set up as won't work when TDI H1>68. Are you still in NC short?
the MMs just short squeezed @ a H4 change-of-polarity [around 1022 on EU]
  • #7,044
  • Aug 21, 2015 2:14am Aug 21, 2015 2:14am
Quoting griffinssoul
{quote} the MMs just short squeezed @ a H4 change-of-polarity [around 1022 on EU]
Some red numbers just come out producing red candles
Appreciation is the key to wealth and happiness
  • #7,045
  • Aug 21, 2015 2:16am Aug 21, 2015 2:16am
Quoting Davit
49.4% gain this month my best ever.As you can tell from graph no serious dives or ups just study gains. What works for me may not for you.Just follow this system and you guys will do fine. {image}
Wow...wow! amazing results D - yeah there are heaps of posted balance sheets but the first thing i do is look @ DD - if it something mad like 10-15% i lose interest but fast

dont forget the MT4 DD is max DD - it is not accumulated DD !!!

the next things i look @ are R:R and win% together <- not of any use separate ... the very last thing is return <- i see noobs look @ this first which is a massive big mistake IMO
  • #7,046
  • Aug 21, 2015 2:19am Aug 21, 2015 2:19am
Quoting likica
{quote} Some red numbers just come out producing red candles
nice TL break on M30 for EU ...
  • #7,047
  • Aug 21, 2015 2:30am Aug 21, 2015 2:30am
Quoting griffinssoul
EU H4 update - got a break long - ABCD[50% retrace] - if thats not an impulse move nothing is - important to note the angle - hey Moe! [wikipedia.org/wiki/Moe_Howard] {image}

Working on a new indicator Griff ????
  • #7,048
  • Aug 21, 2015 2:36am Aug 21, 2015 2:36am
Quoting sknight1
{quote} Working on a new indicator Griff ????
Oh, a wise guy, eh? - its called the three harmonic system indi - Nyuk Nyuk Nyuk! - Rrrowf! Rrrowf! - "A hot stake is better than a cold chop"
  • #7,049
  • Aug 21, 2015 2:36am Aug 21, 2015 2:36am
Quoting griffinssoul
{quote} nice TL break on M30 for EU ...

If you look at my earlier posts from 2011-2013 you would see my inevitable demise after having achieved such shocking returns. I fell to the trap of quick money and quickly blew the account shortly thereafter.

Any who, I've been sticking to this strategy for the last couple of years and have managed to slowly grow the account. However, some of you seasoned professionals post trades with very minimal drawdown and am somewhat taken a back by such sniper like setups.

My question for the veterans has to do with the close and open of the candle- I know Big E and other gurus on the higher timeframes wait for candle close to place a trade but do you guys wait for the setup candle to close on the lower timeframe and pull the trigger at the open of the next candle (warranted all other aspects of the trade have been observed)? or if there's momentum do you take the trade midway through the candle open/close??

Sometimes it feels like a catch 22, damned if you take it midway through and the candle pulls back significantly ("BUT THERE WAS MOMENTUM!) and damned if you wait until the candle close when it's already moved 60+ pips and the leg is exhausted. "great, here comes consolidation!"
  • #7,050
  • Aug 21, 2015 2:43am Aug 21, 2015 2:43am
Gold reached ADR (super counter trend)
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Appreciation is the key to wealth and happiness
  • #7,051
  • Aug 21, 2015 2:49am Aug 21, 2015 2:49am
Quoting griffinssoul
{quote} Oh, a wise guy, eh? - its called the three harmonic system indi - Nyuk Nyuk Nyuk! - Rrrowf! Rrrowf! - "A hot stake is better than a cold chop"

*face palm* LOL
  • #7,052
  • Aug 21, 2015 2:49am Aug 21, 2015 2:49am
EJ @ strong S/R ...
Attached Image (click to enlarge)
Click to Enlarge Name: 21.8.15 EJ M30 H1 DIV off SR short@1.52pm aedt, PT filled@5.30pm aedt +50.png Size: 78 KB
Appreciation is the key to wealth and happiness
  • #7,053
  • Edited 3:41am Aug 21, 2015 3:06am | Edited 3:41am
Quoting NewbTrader7
{quote} If you look at my earlier posts from 2011-2013 you would see my inevitable demise after having achieved such shocking returns. I fell to the trap of quick money and quickly blew the account shortly thereafter. Any who, I've been sticking to this strategy for the last couple of years and have managed to slowly grow the account. However, some of you seasoned professionals post trades with very minimal drawdown and am somewhat taken a back by such sniper like setups. My question for the veterans has to do with the close and open of the candle-...
hi NT7,
As per your words: "if warranted all other aspects of the trade have been observed" such as price actions, levels, tdi not at overbought/oversold, etc. why wasting 60pips waiting for candle to close?
I don't know your trading style, just assuming you are not newbie, and since you are here on M30, then we look at what is happening on M30/H1 PA and go with the flow...unless you entered around round number (8.00, 9.00 ...clock) or news time...
One should study old chart to really marry with price actions (it s not repainted so it won't betray you, like TDI could turn around different from before and after candle closed, you know), TDI is there to support price actions and your actions, by the way, TDI is an indicator so it's lagging (followed by price actions). Hope it makes sense.
Appreciation is the key to wealth and happiness
  • #7,054
  • Aug 21, 2015 3:48am Aug 21, 2015 3:48am
Quoting NewbTrader7
{quote} If you look at my earlier posts from 2011-2013 you would see my inevitable demise after having achieved such shocking returns. I fell to the trap of quick money and quickly blew the account shortly thereafter. Any who, I've been sticking to this strategy for the last couple of years and have managed to slowly grow the account. However, some of you seasoned professionals post trades with very minimal drawdown and am somewhat taken a back by such sniper like setups. My question for the veterans has to do with the close and open of the...
hey NT7 - that is cool to read - congrats - plz post your charts - it would really help noobs i think
  • #7,055
  • Aug 21, 2015 4:44am Aug 21, 2015 4:44am
Hey GF,


Here's the most recent losing trade I took during the asian session. I noticed a little divergence on the TDI 1hr EA and took the trade on the 30 minute as the candle changed color (closed like a blue doji)- Didn't take the entry on the first cross either but waited for what looked like a bounce. Price pulled back and made me a little nervous with the recent higher highs. -34 pips. Stop loss was at -50 pips and If I would have held on It would have turned into a profit.

Another losing trade was shorting GA during new york session. I thought we would double bottom and or test the session low. After not seeing any momentum or impulse in the move I decided to close with -4.4 pips.

I had a solid winner with GA during the asian session. Took the entry at the cross of the TDI and when candle broke through previous consolidation. Was able to nab about 104.5 pips. Another trade was just now after the GA double top and TDI divergence. I did take the trade before the TDI crossed but price action looked good enough to take it. Managed to sneak in an additional 34.5 pips.

Net Net, 106.6 pips.
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  • #7,056
  • Aug 21, 2015 5:26am Aug 21, 2015 5:26am
Quoting NewbTrader7
Hey GF, Here's the most recent losing trade I took during the asian session. I noticed a little divergence on the TDI 1hr EA and took the trade on the 30 minute as the candle changed color (closed like a blue doji)- Didn't take the entry on the first cross either but waited for what looked like a bounce. Price pulled back and made me a little nervous with the recent higher highs. -34 pips. Stop loss was at -50 pips and If I would have held on It would have turned into a profit. Another losing trade was shorting GA during new york session. I thought...
nice pips NT7 - congrats
  • #7,057
  • Aug 21, 2015 5:30am Aug 21, 2015 5:30am
Quote
Six hours sleep for a man, seven for a woman, and eight for a fool. Napoleon Bonaparte

GA M30 cross-bounce +50+50+50+50+50pips - missed timed a bit cause PA bounced (again) - EA didnt trigger cause EU not ready [as LK said ]
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  • #7,058
  • Aug 21, 2015 6:04am Aug 21, 2015 6:04am
Quoting griffinssoul
{quote} GA M30 cross-bounce +50+50+50+50+50pips - missed timed a bit cause PA bounced (again) - EA didnt trigger cause EU not ready [as LK said ] {image}
thanks for the quote (I didn't know if I slept 8 hrs I became a fool). Good pipping GS.
I got some from breakout
Attached Image (click to enlarge)
Click to Enlarge Name: 21.8.15 GJ GA BO short m30@8pm aedt ++.png Size: 111 KB
Appreciation is the key to wealth and happiness
  • #7,059
  • Aug 21, 2015 6:17am Aug 21, 2015 6:17am
Quoting likica
{quote} I don't know anything regard fundie that makes E's pairs shooting up so strong, only thing I know by looking at TA telling me those very bullish and don't try to short even if there are div set up as won't work when TDI H1>68. Are you still in NC short?
Thanks LC No flat nothing.
I am waiting to see if NY can push UC on the other side of 31 for another possible shorts before Sept
In trading, you have to be defensive and aggressive at the same time
  • #7,060
  • Aug 21, 2015 6:25am Aug 21, 2015 6:25am
Quoting likica
{quote} thanks for the quote (I didn't know if I slept 8 hrs I became a fool). Good pipping GS. I got some from breakout {image}
... i took it as - you snooze - you lose
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