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TMS for M30 charts

  • #7,921
  • Sep 15, 2015 6:26am Sep 15, 2015 6:26am
Quoting griffinssoul
{quote} superb trading approach D - congrats
Thanks bro you are one of my motivators. You with LK,OM,Scorps and others elevate trading to higher level.That's the goal collective excellence
In trading, you have to be defensive and aggressive at the same time
  • #7,922
  • Sep 15, 2015 6:38am Sep 15, 2015 6:38am
I have been scalping a lot on AC from harmonic zone I posted earlier this week.As you can see it broke south like clockwork.
Basic concept behind my understanding of harmonic and this is the most important that once price goes through 618 Fib next R is 78.6Fib if price violates that number then STOP most likely price will exceed original measurement and next level will be 127 138 and 1618 to watch.
Often rookies chase shorting or longing.Don't once 78.6 is gone price will accelerate higher.I know not part of this system but to me fibs are there weather you trade it or not.Its the collective behavior of all participants.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #7,923
  • Sep 15, 2015 6:54am Sep 15, 2015 6:54am
Even if you are not Elliot Wave trader its always good idea to understand how price behaves.
ABCD 123 patterns are most profitable and they are part of EW.You may have traded EW waves and not even know it.
Idea to sell the rallies and buy the dips derives from wave theory.
Wave 3 is always the strongest and longest.

Not trying to change this system but knowing how PRICE behaves is critically important.An artist trying to draw human figure without anatomy knowledge with struggle vs one who knows basic skeleton.
To me its important to understand what price does and then apply methods like this system to milk it.
Attached Images
In trading, you have to be defensive and aggressive at the same time
  • #7,924
  • Sep 15, 2015 6:57am Sep 15, 2015 6:57am
Quoting griffinssoul
{quote} ...wait till candle close? TDI RT shows you in real time which changes by ticks and the original TDI on page 1 of TMS thread repaints ...
thanks for the tip GS, ill watch out for that
  • #7,925
  • Sep 15, 2015 7:02am Sep 15, 2015 7:02am
Quoting Davit
Even if you are not Elliot Wave trader its always good idea to understand how price behaves. ABCD 123 patterns are most profitable and they are part of EW.You may have traded EW waves and not even know it. Idea to sell the rallies and buy the dips derives from wave theory. Wave 3 is always the strongest and longest. Not trying to change this system but knowing how PRICE behaves is critically important.An artist trying to draw human figure without anatomy knowledge with struggle vs one who knows basic skeleton. To me its important to understand what...
very important for any trader to get the basics of EWT - it can get very complicated but luckily we have TSS who is our ABCD expert also
  • #7,926
  • Sep 15, 2015 7:05am Sep 15, 2015 7:05am
Quoting griffinssoul
{quote} very important for any trader to get the basics of EWT - it can get very complicated but luckily we have TSS who is our ABCD expert also
I am not an expert by any means just know enough to make better decisions. EW is the reason why simply "trend trading" does not work unless you account can withstand 20-30% DD
Turtle traders often had DD that big but their accounts were large in millions.Its the reason why I never pay attention to currency strength meter systems because strength is relative where price is.AU at 69 was mighty powerful but at 75 weak.
In trading, you have to be defensive and aggressive at the same time
  • #7,927
  • Sep 15, 2015 7:08am Sep 15, 2015 7:08am
Quoting siboneloz
{quote} thanks for the tip GS, ill watch out for that
i use the Angleator to quickly sweep thru each pair without having to sit there going thru each TF etc - this way wen i see something i like i can focuses in on it - if its actually crossing or close is not really important at the start - i just want to quickly pick up on where the markets at - when i go into trade i then pay more attention to the crosses etc - i usually trade well after a cross anyway

Quoting Davit
{quote} I am not an expert by any means just know enough to make better decisions. EW is the reason why simply "trend trading" does not work unless you account can withstand 20-30% DD Turtle traders often had DD that big but their accounts were large in millions.Its the reason why I never pay attention to currency strength meter systems because strength is relative where price is.AU at 69 was mighty powerful but at 75 weak.
the idea is to get in once you tink you have a wave count right - say @ the retrace of wave 4 or the break of wave 3 or you could even try forecasting wave 5 and trade the correction [hoping for no extension ] - very hard to do on the LTFs - its best for the D1 and above really... the turtles are doing it tuff unlike back in their day
  • #7,928
  • Sep 15, 2015 7:23am Sep 15, 2015 7:23am
Closed UC shorts
+304pips.Not taking chance on retail in case of green numbers
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In trading, you have to be defensive and aggressive at the same time
  • #7,929
  • Sep 15, 2015 7:27am Sep 15, 2015 7:27am
Hit 25% equity this month so far.
50-3 now I can just kick back and watch Feds fireworks.
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In trading, you have to be defensive and aggressive at the same time
  • #7,930
  • Sep 15, 2015 7:28am Sep 15, 2015 7:28am
Quoting Davit
Closed UC shorts +304pips.Not taking chance on retail in case of green numbers {image}
gr8 trading buddy .... red ahead ....USD Retail Sales m/m ...
  • #7,931
  • Sep 15, 2015 7:34am Sep 15, 2015 7:34am
Quoting griffinssoul
{quote} gr8 trading buddy .... red ahead ....USD Retail Sales m/m ...
Thanks bro.You too.
Idea is brewing inside me of late.Thinking after 9years Feds may actually raise rates and thinking of placing limit orders on outside peremeters
like 1.3480 1.35 UC shorts 1.50 GU longs 1.68AU long etc. Idea is even with .25 IR hike market is already priced in once initial shock wears off (spikes) USD sell off with begin and spikes could trigger you in great numbers

From articles I read Feds may base their decision on recent numbers and they are not so green.
Pretty Red retail which suggest even with cheap gas Americans are not spending.

Got in again on UC shorts on bounce. We may see 3190 today
In trading, you have to be defensive and aggressive at the same time
  • #7,932
  • Sep 15, 2015 7:39am Sep 15, 2015 7:39am
Quoting Davit
{quote} Thanks bro.You too. Idea is brewing inside me of late.Thinking after 9years Feds may actually raise rates and thinking of placing limit orders on outside peremeters like 1.3480 1.35 UC shorts 1.50 GU longs 1.68AU long etc. Idea is even with .25 IR hike market is already priced in once initial shock wears off (spikes) USD sell off with begin and spikes could trigger you in great numbers
UCad is wedging [symm triangle over a few W1s] to a halt - minor twich from red - somethings up
  • #7,933
  • Sep 15, 2015 7:42am Sep 15, 2015 7:42am
Quoting Davit
Hit 25% equity this month so far. 50-3 now I can just kick back and watch Feds fireworks. {image}
oh, #$%# ... that is a work of art bro .... ....
  • #7,934
  • Sep 15, 2015 7:46am Sep 15, 2015 7:46am
Quoting griffinssoul
{quote} oh, #$%# ... that is a work of art bro .... ....
to you.Love your pip wheelbarrow.Inspires me.
In trading, you have to be defensive and aggressive at the same time
  • #7,935
  • Sep 15, 2015 7:48am Sep 15, 2015 7:48am
Quoting griffinssoul
{quote} UCad is wedging [symm triangle over a few W1s] to a halt - minor twich from red - somethings up
I think 1.29 is in near future.Nothing goes up endlessly.
In trading, you have to be defensive and aggressive at the same time
  • #7,936
  • Sep 15, 2015 7:56am Sep 15, 2015 7:56am
To understand why UC bounced up despite of red retail is to look at oil.Oil dropped not significantly but did and effects CD.
I do think Oil will test 50 in coming months
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #7,937
  • Sep 15, 2015 7:59am Sep 15, 2015 7:59am
Quoting Davit
To understand why UC bounced up despite of red retail is to look at oil.Oil dropped not significantly but did and effects CD. I do think Oil will test 50 in coming months {image}
descending wedge very similar to UCad [but UCad looks wicky] over similar period on H4
  • #7,938
  • Edited 8:26am Sep 15, 2015 8:04am | Edited 8:26am
Quoting griffinssoul
{quote} descending wedge very similar to UCad [but UCad looks wicky] over similar period on H4
I am in again in 5 positions.I am going to milk this cow dry
Short EG at 7347
She can't break 7350
In trading, you have to be defensive and aggressive at the same time
  • #7,939
  • Sep 15, 2015 8:27am Sep 15, 2015 8:27am
Quoting Davit
I am in again in 5 positions.I am going to milk this cow dry
Ha, I just jumped out, my final scalps from last night, one gain one loss, can't win em all.
Dislike trying to trade small daily ranges though I did alright yesterday.
Probably safer for me to sit on my hands re cad until IR is over thursday.

but then again
Attached Image (click to enlarge)
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"You know what needs to be addressed , completely completely reverse that".
  • #7,940
  • Sep 15, 2015 8:29am Sep 15, 2015 8:29am
Quoting Kmw
{quote} Ha, I just jumped out, my final scalps from last night, one gain one loss, can't win em all. Dislike trying to trade small daily ranges though I did alright yesterday. Probably safer for me to sit on my hands re cad until IR is over thursday. but then again {image}
Always trade within your comfort zone.If you dislike something then don't force it.Wait for Thurs
In trading, you have to be defensive and aggressive at the same time
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