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TMS for M30 charts

  • #8,701
  • Oct 2, 2015 4:37am Oct 2, 2015 4:37am
Quoting griffinssoul
{quote} ... i am in ... [email protected]
don't pee in your pants should it go higher it will come down again and even go lower then 32

Approach this as batch of trades as 1 unit kind of like fish net.Sometimes temporary DD is required
but I should not say this to you you are a master of piping multiplier.
In trading, you have to be defensive and aggressive at the same time
  • #8,702
  • Oct 2, 2015 4:41am Oct 2, 2015 4:41am
Quoting Davit
{quote} don't pee in your pants should it go higher it will come down again and even go lower then 32
... wat should SL/TP be ???
  • #8,703
  • Oct 2, 2015 4:43am Oct 2, 2015 4:43am
Quoting Davit
{quote} Hi Classy Here is a technique to trade NFP Set limit orders example UC 33.50 short then wait price to trigger,If you get triggered most likely you will be in profit before you finish your coffee. Something I always do on high impact news.Don't get greedy.Small lots but hummer hard if you see weakness on PA I am ready {image}
heloo davit ...i was caught ..few days...by fever ..now ok...nice tricks....what i do for fun (most of the time ..i avoid news time)before..3/5 minute5m chart set BB then i draw horizontal line last hi lo and pending order hi+5pips ..lo -5 pips sl 15/20 ..this way i avoid spike /false ..sl hunt ..sucker....
Say something meaningful or Silence!!
  • #8,704
  • Oct 2, 2015 4:50am Oct 2, 2015 4:50am
Quoting classy
{quote} heloo davit ...i was caught ..few days...by fever ..now ok...nice tricks....what i do for fun (most of the time ..i avoid news time)before..3/5 minute5m chart set BB then i draw horizontal line last hi lo and pending order hi+5pips ..lo -5 pips sl 15/20 ..this way i avoid spike /false ..sl hunt ..sucker....
Its fine mate.Do what works for you.Hope you feel better.
regards
In trading, you have to be defensive and aggressive at the same time
  • #8,705
  • Oct 2, 2015 4:52am Oct 2, 2015 4:52am
Quoting griffinssoul
{quote} ... wat should SL/TP be ???
depends on your position size SL and TP depends how long you are willing to wait.
I made unofficial rule whenever I am ready to close a profitable trade I force myself to go and make coffee and by the time I make coffee PA usually goes another 20-30pips my way.Its my coffee rule
Try it I am serious
In trading, you have to be defensive and aggressive at the same time
  • #8,706
  • Oct 2, 2015 7:00am Oct 2, 2015 7:00am
Quoting Davit
{quote} Agree usually I like to see the same pattern on Oil vs CAd vs EC and GC Noticed huge spikes on EC and GC were opposite moving direction and once Euro and GU dived followed by EC and GC This is a nice site for correlation http://www.myfxbook.com/forex-market/correlation once you click on a pair it shows all correlations clearly by multiple TF
Correlation and cross pairs are 2 different things. Correlation is when 2 currencies move either in (usually) negative correlation or positive correlation, that correlation can change at any time price wants to do something different which is why there is a site to tell you what the latest correlation stats are. Cross pairs are where the actual price of 2 currency pairs make up the price of the third so it cannot do anything else, mathematically speaking.

If I divide the price of GU by the price of AU it will give me the price of GA, likewise, divide the price of EU by the price of AU it will give me the price of EA. They therefore have to be moving in different directions to make it worthwhile trading or not being too choppy if both GU and AU are going up at the same time, at roughly the same speed the price of GA isn't going to change much. You can usually tell at a glance which trade would be best to take by the glancing at the pairs that make up the cross pair price.
  • #8,707
  • Oct 2, 2015 7:35am Oct 2, 2015 7:35am
Quoting lastingwell
{quote}Correlation and cross pairs are 2 different things. Correlation is when 2 currencies move either in (usually) negative correlation or positive correlation, that correlation can change at any time price wants to do something different which is why there is a site to tell you what the latest correlation stats are. Cross pairs are where the actual price of 2 currency pairs make up the price of the third so it cannot do anything else, mathematically speaking. If I divide the price of GU by the price of AU it will give me the price of GA, likewise,...
  • #8,708
  • Oct 2, 2015 8:15am Oct 2, 2015 8:15am
Happy Friday,

here is yesterday's catch.
Attached Image (click to enlarge)
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  • #8,709
  • Oct 2, 2015 8:21am Oct 2, 2015 8:21am
Closed it rite on time before the news, divergence was forming even at entry, tried that last push for EMA 200 and RN on H1 , +36 pips
Attached Image (click to enlarge)
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I Have Learned to Take Some Losses to Make Profits
  • #8,710
  • Oct 2, 2015 9:15am Oct 2, 2015 9:15am
Guys what is the name of the indicator that shows the pips of the current open order? usually on botton right corner? thanks! ^-^
  • #8,711
  • Oct 2, 2015 9:32am Oct 2, 2015 9:32am
Quoting mokuro89
Guys what is the name of the indicator that shows the pips of the current open order? usually on botton right corner? thanks! ^-^
If no one else responds, I can upload it for you when I get home.
  • #8,712
  • Oct 2, 2015 10:01am Oct 2, 2015 10:01am
Quoting omonisha
EURAUD-M30. IB OB break {image}
What is IB OB? I know I'm nOob.
  • #8,713
  • Oct 2, 2015 10:32am Oct 2, 2015 10:32am
Quoting mfj
{quote} What is IB OB? I know I'm nOob.
IB = Inside Bar, OB = Outside Bar
  • #8,714
  • Oct 2, 2015 10:34am Oct 2, 2015 10:34am
Quoting lastingwell
{quote}Correlation and cross pairs are 2 different things. Correlation is when 2 currencies move either in (usually) negative correlation or positive correlation, that correlation can change at any time price wants to do something different which is why there is a site to tell you what the latest correlation stats are. Cross pairs are where the actual price of 2 currency pairs make up the price of the third so it cannot do anything else, mathematically speaking. If I divide the price of GU by the price of AU it will give me the price of GA, likewise,...
Hi L thanks for the explanation.I posted here few times saying the same (2nd paragraph) just did not make the distinction.
Its one of the reasons I prefer majors because they are less erratic and cheaper to trade.
Thanks for clarification.
In trading, you have to be defensive and aggressive at the same time
  • #8,715
  • Oct 2, 2015 10:39am Oct 2, 2015 10:39am
Quoting mfj
{quote} What is IB OB? I know I'm nOob.
And when combined together with TDI confirmation , it gives good green pips, do a back-test and see how they works with TMS
I Have Learned to Take Some Losses to Make Profits
  • #8,716
  • Oct 2, 2015 10:40am Oct 2, 2015 10:40am
Looks like with such poor NFP (far less then forecast) Oct IR hike is becoming less likely.
factory orders -1.7 real bad.
ISM Manufacturing PMI 50.2 previous 51.1

Looks like clear red trend building on USD economy.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #8,717
  • Oct 2, 2015 10:49am Oct 2, 2015 10:49am
EG is struggling to break 7430
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #8,718
  • Oct 2, 2015 10:54am Oct 2, 2015 10:54am
Quoting Davit
Looks like with such poor NFP (far less then forecast) Oct IR hike is becoming less likely. factory orders -1.7 real bad. ISM Manufacturing PMI 50.2 previous 51.1 Looks like clear red trend building on USD economy. {image}
The minis are rallying 200 pips an hour but no new money seems to be coming in. Money seems to be under way from financials to biotech.

Eerily familiar view of 2008.

Opportunities for us.

Attached Image (click to enlarge)
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Best regards, Zef
  • #8,719
  • Oct 2, 2015 11:05am Oct 2, 2015 11:05am
Quoting ZeF
{quote} The minis are rallying 200 pips an hour but no new money seems to be coming in. Money seems to be under way from financials to biotech. Eerily familiar view of 2008. Opportunities for us. {image}
Hi Zef
what's your take how your chart relates to USD or forex.Thanks mate
In trading, you have to be defensive and aggressive at the same time
  • #8,720
  • Oct 2, 2015 11:15am Oct 2, 2015 11:15am
Quoting Davit
{quote} Hi Zef what's your take how your chart relates to USD or forex.Thanks mate
The bright green bubbles driving the S&P up are biotechs like Gilead, Amgen, Regeneron, and the other big ones. The pale green shedding value are financials like Wells Fargo, Citi, BoAML, and others. Almost equal volume from falling stocks in financials shifting to biotech "safety net". all these financials are backed by the USD or they back the USD ? put it however you want but seems like investors are running from the USD wielding cowboys.
Best regards, Zef
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