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TMS for M30 charts

  • #7,221
  • Aug 26, 2015 10:35am Aug 26, 2015 10:35am
Quoting Kmw
Trying a trade, seeing if we get a pullback into a range again, seeing if I can catch that 100 pipper tomorrow Belay that, I've been scalping it. I could not resist. Gained long +5 +19 +22 +23 +29 = 96 = Scalping on the 30 minute chart, Crikey But once again I got bluffed out on the last trade, gave back 16 needlessly. I missed the trade before Likica, was home in time for LO for once, set it up, lay down for a bit and nodded of, awoke to find the whole thing over. But this pullback goes someway in filling up my little bucket Kashimu,...
your EA long should be full of pips by now K
Appreciation is the key to wealth and happiness
  • #7,222
  • Aug 26, 2015 10:46am Aug 26, 2015 10:46am
Missed couple of good setups today. had other commitments.
only 3 trades today.

UJ long 4h during LO- closed off flat (no real movement)
EG long 1h scalp during nyse- 35 pips
EU long m30 during nyse- -10 pips

Entered EU m30 (yellow dot) after nyse open. flat trade.
Realised i always dont do well on m30 trades. lol.

Anything wrong with this 1?

Attached Image (click to enlarge)
Click to Enlarge Name: EU m30 flat.jpg Size: 32 KB
​
  • #7,223
  • Edited 11:08am Aug 26, 2015 10:48am | Edited 11:08am
Another take, could be a breakout to the topside coming up. not for me though, got to catch some zzzzds


Gonna have to change the font colors,
says 340 pips between the lines
160 from the trendline to top of range
I'd like to see her back up there ready
for another short tomorrow eve>

Don't blindly copy this, it may not happen

Stole ya template Davit hehehehe
Attached Image (click to enlarge)
Click to Enlarge Name: possibilities.jpg Size: 79 KB
"You know what needs to be addressed , completely completely reverse that".
  • #7,224
  • Aug 26, 2015 10:52am Aug 26, 2015 10:52am
As usual I'm on NU Short. on the 1HR.
Attached Image (click to enlarge)
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Positive anything is better than negative thinking.- Elbert Hubbard
  • #7,225
  • Aug 26, 2015 11:11am Aug 26, 2015 11:11am
Just sharing this for other newbies.
I have had very good results (PA going in the direction of my trades) with this system but my profit achieved is laughable. I have gone back and examined each trade to see what I can learn from my mistakes and here is what I came up with:

-I need to set a better profit target. I think 50 pips target is reasonable assuming ADR is not below average and Tokyo channel is above 40 pips. I am going to be more conservative and count the first pip from the bottom of the first signal candle for long trades and vice versa.
-If R:R is not 1:2 or higher, no trade
-don’t be greedy and try to re-enter after profit target achieved without full analysis.
-pay attention to supply/demand zones
-be aware of double bottoms, divergence, head and shoulder and other things that may increase your success
-Don’t trade just to trade. (I know this, yet I do it).

Here is something I learned that gave me a lot more confidence. If you see bb squeeze (Bollinger band), look at the TDI direction and obviously do your regular analysis, most of the time PA will go in the same direction after breaking out of the band with force. (let me know anyone needs charts for this, I can find some examples after I get home from work).
  • #7,226
  • Aug 26, 2015 11:17am Aug 26, 2015 11:17am
Quoting firsttimer
Missed couple of good setups today. had other commitments. only 3 trades today. UJ long 4h during LO- closed off flat (no real movement) EG long 1h scalp during nyse- 35 pips EU long m30 during nyse- -10 pips Entered EU m30 (yellow dot) after nyse open. flat trade. Realised i always dont do well on m30 trades. lol. Anything wrong with this 1? {image}​
If your mind thinks you always don't do well on M30, stop doing it.
If you want to find out why and want to improve, here is a snapshot of my M30 EU where you traded into 200ma and TDI<32 (no buy zone).It might be working later but not at this stage.
Pls put whole chart with 200EMA to help you and help who ever want to help you seeing things with a full view. Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: 26.8.15 EU M30@12pm est.png Size: 64 KB
Appreciation is the key to wealth and happiness
  • #7,227
  • Aug 26, 2015 11:23am Aug 26, 2015 11:23am
Quoting redcloudxlll
As usual I'm on NU Short. on the 1HR. {image}
Good pipping Red.
Appreciation is the key to wealth and happiness
  • #7,228
  • Aug 26, 2015 11:28am Aug 26, 2015 11:28am
Quoting likica
{quote} If your mind thinks you always don't do well on M30, stop doing it. If you want to find out why and want to improve, here is a snapshot of my M30 EU where you traded into 200ma and TDI<32 (no buy zone).It might be working later but not at this stage. Pls put whole chart with 200EMA to help you and help who ever want to help you seeing things with a full view. Thanks {image}
noted with thanks.
  • #7,229
  • Aug 26, 2015 11:32am Aug 26, 2015 11:32am
Quoting firsttimer
{quote} noted with thanks.
You r welcome. by the way, if you use volume on your chart, I hope you know it well, by the look at your chart I saw volume exhausion on the candle you entered which you should not have as most of the time it will reverse and you could sit there in pain before it gets back to main road again after a retrace
Appreciation is the key to wealth and happiness
  • #7,230
  • Aug 26, 2015 4:27pm Aug 26, 2015 4:27pm
Griffinssoul,
I was wondering if you could talk about your method for setting profit targets? In the past I had FINFX and their platform allowed me to set my profits at different levels. I am now with FXCM and as you know there are lots of restrictions in the U.S.

Two separate questions:
what is your process for determining your profits? is it as simple as 50, 60, 70 pips?
for the traders in U.S. what can we do to have the same flexibility as foreign platforms? are there any programs we can add to the MT4 which would allow us to set different profit targets?

Thanks so much.
  • #7,231
  • Aug 26, 2015 4:46pm Aug 26, 2015 4:46pm
Quoting Kmw
Another take, could be a breakout to the topside coming up,,,,, Don't blindly copy this, it may not happen
rejected trendline so topside breakout didn't happen
&amp;quot;You know what needs to be addressed , completely completely reverse that&amp;quot;.
  • #7,232
  • Aug 26, 2015 5:16pm Aug 26, 2015 5:16pm
Quoting awcharts
Griffinssoul, I was wondering if you could talk about your method for setting profit targets? In the past I had FINFX and their platform allowed me to set my profits at different levels. I am now with FXCM and as you know there are lots of restrictions in the U.S. Two separate questions: what is your process for determining your profits? is it as simple as 50, 60, 70 pips? for the traders in U.S. what can we do to have the same flexibility as foreign platforms? are there any programs we can add to the MT4 which would allow us to set different profit...
Hi Awcharts,

You may be interested in this free app called "Multiple Stops and Take Profits". It's an EA that attaches up to three stops and three take profits to individual positions on your MT4 platform: http://bit.ly/1KOqA3t
  • #7,233
  • Aug 26, 2015 8:35pm Aug 26, 2015 8:35pm
Hi,sir. I use the Tdi w 21 ema 233 ema.tpl. now have a question. pls see attach. thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: AU.png Size: 73 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #7,234
  • Edited 11:06pm Aug 26, 2015 10:45pm | Edited 11:06pm
LC
I did take short on GU but did not stay long enough....
Have good number of trades waiting to hit my desired TP
Trades I closed today
EG short
+34pips.Could of gotten more but was going to work (yes folks have full time job) and was not sure if 7340 was going hold or not.
When I am not sure I just book the pips.Rather modest day for me
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM15.png Size: 36 KB
In trading, you have to be defensive and aggressive at the same time
  • #7,235
  • Aug 26, 2015 11:27pm Aug 26, 2015 11:27pm
Quoting likica
{quote} If your mind thinks you always don't do well on M30, stop doing it. If you want to find out why and want to improve, here is a snapshot of my M30 EU where you traded into 200ma and TDI<32 (no buy zone).It might be working later but not at this stage. Pls put whole chart with 200EMA to help you and help who ever want to help you seeing things with a full view. Thanks {image}
This another gold post for TMS traders, please save it, if you dont know it, read it until its second nature, it will save u a lot of bad trades that u will keep taking for ages till u understand what lik says in this post.
I Have Learned to Take Some Losses to Make Profits
  • #7,236
  • Edited 11:54pm Aug 26, 2015 11:42pm | Edited 11:54pm
Quoting Bluesky8635
Hi,sir. I use the Tdi w 21 ema 233 ema.tpl. now have a question. pls see attach. thanks. {image}
Hi Bluesky,
It looks like you don't have 'Pip Counter' indicator installed, you can download it from paper clip on top right hand corner of this thread. If you don't want it, just double clicks on them and press delete. Also, take off AC AO STOC (unless you know how to use them well), only use TDI and focus on reading price actions.
If you happened to have them on your chart from my template, take them off because I used to play around with indies
Appreciation is the key to wealth and happiness
  • #7,237
  • Aug 26, 2015 11:55pm Aug 26, 2015 11:55pm
Hi likica !
I really enjoy your system. AU short +15 pips.
But I have a problem as you can see the picture below. It seems like I can't receive the signal. It appears the same thing like the picture on all pairs.
Attached Image
  • #7,238
  • Aug 26, 2015 11:59pm Aug 26, 2015 11:59pm
Quoting thole91
Hi likica ! I really enjoy your system. AU short +15 pips. But I have a problem as you can see the picture below. It seems like I can't receive the signal. It appears the same thing like the picture on all pairs. {image}
Hi Thole,
pls download latest version of the indie from this link

Quoting TheScorpS
{quote} This another gold post for TMS traders, please save it, if you dont know it, read it until its second nature, it will save u a lot of bad trades that u will keep taking for ages till u understand what lik says in this post.
Good to see you more often TSS. Did you manage to bag some greenies from GA EA long around Singapore open? They are shooting up nicely
Appreciation is the key to wealth and happiness
  • #7,239
  • Aug 27, 2015 1:59am Aug 27, 2015 1:59am
Quoting omonisha
{quote} Super going GS got some too GBPUSD-H4 {image}
you did superb OS - across the board

Quoting TheScorpS
{quote} This another gold post for TMS traders, please save it, if you dont know it, read it until its second nature, it will save u a lot of bad trades that u will keep taking for ages till u understand what lik says in this post.
  • #7,240
  • Edited 2:32am Aug 27, 2015 2:22am | Edited 2:32am
Quoting awcharts
Griffinssoul, I was wondering if you could talk about your method for setting profit targets? In the past I had FINFX and their platform allowed me to set my profits at different levels. I am now with FXCM and as you know there are lots of restrictions in the U.S. Two separate questions: what is your process for determining your profits? is it as simple as 50, 60, 70 pips? for the traders in U.S. what can we do to have the same flexibility as foreign platforms? are there any programs we can add to the MT4 which would allow us to set different profit...
thnx to Jason for answering the 2nd part of your question. first and foremost i must have a R:R better than 1:1 [deflaut is 1:1.5] but usually lower than 1:2[better would be gr8] - i move my PTs around depending on wat i see PA doing [the masters of this method is OS & Phx62] - if i tinks its risky i will go for +50+50+50+50+50 [this is the same as +50pips for one trade - it is NOT +250pips!!!] - if i see some good PA i go for more - i do this only for psychological reasons - i dont believe i will profit more by it

there are many ways to set targets [look them up on ff] - see page 1 for disscussion - decide wat method is best for your trading style

IMO none of this is of importance if you are a losing trader MM alone cannot give you a winning edge - Hanover shows why
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