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TMS for M30 charts

  • #7,801
  • Sep 10, 2015 4:36pm Sep 10, 2015 4:36pm
grins, set a cheeky little buy @ 5% fib as I went to sleep 6 hours ago, another bag of green.
nothing jumping at me this morning so no trades running while I'm at work. Green trading everyone
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"You know what needs to be addressed , completely completely reverse that".
  • #7,802
  • Sep 10, 2015 5:47pm Sep 10, 2015 5:47pm
Quoting Davit
Closed my UC shorts +348 Pips hit my monthly goal of 20% Now I can relax and trade lightly until Feds Thurs extravaganza {image} {image}
well done Davit ,keep it up all the way

Almo.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #7,803
  • Sep 10, 2015 5:51pm Sep 10, 2015 5:51pm
Quoting Almo2312
GBPNZD looking nice for short ,what u think guys?
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Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #7,804
  • Sep 10, 2015 7:50pm Sep 10, 2015 7:50pm
Quoting Almo2312
{quote} {image}
in it.
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  • #7,805
  • Sep 10, 2015 8:25pm Sep 10, 2015 8:25pm
shorting EU:
-bearish divergence
-below yesterday's high
-1st red candle closed below DOL
-sto direction check
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  • #7,806
  • Sep 10, 2015 8:42pm Sep 10, 2015 8:42pm
Here is a great resource.

http://fxtrade.oanda.ca/analysis/currency-correlation

sometimes I might have positions going in different directions when they normally have a strong correlation. But correlation is not constant so you can check this site and use it as part of your analysis.
  • #7,807
  • Sep 11, 2015 2:33am Sep 11, 2015 2:33am
Quoting Kmw
grins, set a cheeky little buy @ 5% fib as I went to sleep 6 hours ago, another bag of green. nothing jumping at me this morning so no trades running while I'm at work. Green trading everyone {image}
That was a nice div long K
Appreciation is the key to wealth and happiness
  • #7,808
  • Edited 3:15am Sep 11, 2015 2:39am | Edited 3:15am
Quoting awcharts
shorting EU: -bearish divergence -below yesterday's high -1st red candle closed below DOL -sto direction check {image}
Your chart look too busy...unless it (too many indies) gives you good and consistent result..., you seriously need to consider changing its look for more relaxing ... for a lot of traders, trading itself is very stressful already...
btw, EU too bullish to go short (TDI H1>68), sellers not ready yet, if seeing price turned down on smaller TF, it profit taking...there are a lot of bearish pins bars where price keeps going higher but TDI is making lower lows, telling us buyers are running out of steam but sellers not ready yet, wait for it to break out of that TL... with TDI/apb supporting to go short (scalping only)
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Appreciation is the key to wealth and happiness
  • #7,809
  • Sep 11, 2015 2:47am Sep 11, 2015 2:47am
GJ AJ entered around FO, where they broke out of choppiness and TDI turning south...
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Appreciation is the key to wealth and happiness
  • #7,810
  • Sep 11, 2015 3:01am Sep 11, 2015 3:01am
Hi everyone, wanna share and ask... what r ur views on GBP/AUD mid term? There seems to be an short opp. mid term forming from this 2.200-2.230 area.

1. chart: we just sitting under 61,8 Fib of the 2008-2013 long term swing + it is supported by a confluence of Fib from the corrective swings 2013-2014 and 2013-2015. Plus it looks as ABC correction with AB=BC exactly (viz. equalities).

2. chart: interesting to see its also mid (0,5) of the 2002-2013 long term swing.
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  • #7,811
  • Sep 11, 2015 3:17am Sep 11, 2015 3:17am
Quoting chester123
Hi everyone, wanna share and ask... what r ur views on GBP/AUD mid term? There seems to be an short opp. mid term forming from this 2.200-2.230 area. 1. chart: we just sitting under 61,8 Fib of the 2008-2013 long term swing + it is supported by a confluence of Fib from the corrective swings 2013-2014 and 2013-2015. Plus it looks as ABC correction with AB=BC exactly (viz. equalities). 2. chart: interesting to see its also mid (0,5) of the 2002-2013 long term swing. {image} {image}
Hi Chester,
we need to see how price reacts at those levels to consider any trades (short or long), ah it s my view for day trading only, I don't hold positions (mid term) on those having high swaps
Appreciation is the key to wealth and happiness
  • #7,812
  • Sep 11, 2015 3:27am Sep 11, 2015 3:27am
a good interview of Mark Douglas - Mind over market, that might help someone...
Inserted Video
Appreciation is the key to wealth and happiness
  • #7,813
  • Sep 11, 2015 3:36am Sep 11, 2015 3:36am
Quoting likica
{quote} Hi Chester, we need to see how price reacts at those levels to consider any trades (short or long), ah it s my view for day trading only, I don't hold positions (mid term) on those having high swaps
Completely agree. For now its more just a zone to watch out for - on lower TF the uptrend is still firmly intact - some signs of bears are coming however - no higher highs on H4 + D1 bearish divergencies on almost all types of indis.

Only confusing part is the FA: bearish cycle of commodities/china problems + rate hikes in GB mid term.

  • #7,814
  • Sep 11, 2015 7:17am Sep 11, 2015 7:17am
GM guys
Looking at EG waiting for it to move 7350 or close to it to short.So far she can't break much above 73

GC
2050 proving to be a good resistance.Got my focus on this.

Love to get on Aussie long below 70.Saw it but had too many trades to take more trades but I am light now.
In trading, you have to be defensive and aggressive at the same time
  • #7,815
  • Sep 11, 2015 7:50am Sep 11, 2015 7:50am
GCAD divergence noticed on hr4 tf chart i will take sell ride from here as risk reward very good.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #7,816
  • Sep 11, 2015 7:56am Sep 11, 2015 7:56am
Quoting Almo2312
GCAD divergence noticed on hr4 tf chart i will take sell ride from here as risk reward very good.
Hi Almo
Be careful with the divergence...
H4 candle could be 100+pips example you go short now and may not turn around good 80pips north.Are you gonna ride it out in good chunk DD? or take the loss.
Each TF requires certain SL distance.Greater the TF bigger should be the SL
GC could very well go south from here but not because of H4 Div
last 20 day ADR is 215 pips....Day opened at 2044 looking bullish.Point of this system is to look for opertunity within 30min TF
In trading, you have to be defensive and aggressive at the same time
  • #7,817
  • Sep 11, 2015 8:17am Sep 11, 2015 8:17am
Quoting Davit
{quote} Hi Almo Be careful with the divergence... H4 candle could be 100+pips example you go short now and may not turn around good 80pips north.Are you gonna ride it out in good chunk DD? or take the loss. Each TF requires certain SL distance.Greater the TF bigger should be the SL GC could very well go south from here but not because of H4 Div last 20 day ADR is 215 pips....Day opened at 2044 looking bullish.Point of this system is to look for opertunity within 30min TF
thanks my friend i well aware for the MM issue also i see very good potential on that look the chart below and its very good RR LIKE 100 risk to 400 reward

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Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #7,818
  • Sep 11, 2015 8:22am Sep 11, 2015 8:22am
also on daily we have hidden diver
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Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #7,819
  • Edited 9:06am Sep 11, 2015 8:53am | Edited 9:06am
hi everyone,

would someone be kind enough to explain the ADR to me? i see it on my current USDJPY saying ADR: 45.3% and today 135.

but what do those numbers mean in noob terms? how does indicator aler my decision to buy or sell?

thank
  • #7,820
  • Sep 11, 2015 9:32am Sep 11, 2015 9:32am
Quoting likica
{quote} Your chart look too busy...unless it (too many indies) gives you good and consistent result..., you seriously need to consider changing its look for more relaxing ... for a lot of traders, trading itself is very stressful already... btw, EU too bullish to go short (TDI H1>68), sellers not ready yet, if seeing price turned down on smaller TF, it profit taking...there are a lot of bearish pins bars where price keeps going higher but TDI is making lower lows, telling us buyers are running out of steam but sellers not ready yet, wait for it...
thanks for your comments. I am still learning and this particular post helped a lot. Like many, I have gathered many different methods and indicators along came with it. When I look at you and other experienced traders, I often wonder how you can get your 50 pips in such tight range sometimes. One issue I have identified with myself is that I go back and forth and use different time frames and often get mixed up. Anyway, I will clean up my chart. If at all possible, can I just use exactly what you have (the two tpl in post 7809). I know I can do this myself but for some reason the length and width of my candle ratios are a bit off so could you PM me with yours or let me know where you have shared these two tpls. previously? Thx.
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