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TMS for M30 charts

  • #8,781
  • Oct 5, 2015 2:55pm Oct 5, 2015 2:55pm
Quoting Subrina_FX
{quote} closed all, smells fishy, meanwhile I'm gonna practice dancing {image}
Excellent!
What? How?
Is there anything you can share on your entries? Three things I noticed:
-TDI above 68 or below 32
-noticeable long candle wick
-PA reacted to pivot or resistance.

Did you look at 1h or 4h charts for these entries? If its a sell order, must 1h and 4h reflect the same direction?

Thx.

(I am not at home so I couldn't study it in detail).
  • #8,782
  • Oct 5, 2015 7:58pm Oct 5, 2015 7:58pm
Quoting awcharts
{quote} Excellent! What? How? Is there anything you can share on your entries? Three things I noticed: -TDI above 68 or below 32 -noticeable long candle wick -PA reacted to pivot or resistance. Did you look at 1h or 4h charts for these entries? If its a sell order, must 1h and 4h reflect the same direction? Thx. (I am not at home so I couldn't study it in detail).

As I said before, the problem I have on this thread is not all my entry, exit, trail and etc follow the rules of this thread.

I really would like to be mechanical, but I can't , this is my drawback after years. Even after 10 years of trading, I don't have a written strategy for myself, although I don't say that I trade without a reason.

Unfortunately I cannot code my trades, because beside the quantity, I measure the quality of trades, candles by my own experience,

So, I cannot explain to the machine what is the difference of two candles with different wicks and bodies and, is there any S/R or Divergence there, dear machine please check higher time frames candles and give me the quality and force of candles in my own FX language !

You see ? sometimes I cannot explain them to others what exactly I'm looking for placing any trade, but I will say what is the overall.

However the thing I do after years of struggling I realized that we ( retail trader ) must we wise enough to understand the money movement.

I really like hidden divergences more than real divergences, because HDs follow the trends, so the PROBABILITY ( just probable ) is higher that standing in front of tsunami.

I ALWAYS follow the power and direction of higher time frames to enter in lower time frames corrections.



I will explain my strategy in detail in the next post, so you can see what is my point of view.
  • #8,783
  • Oct 5, 2015 9:35pm Oct 5, 2015 9:35pm
I plan on the monthly and weekly charts,

Then I place the orders on lower time frames price actions.

My bias for this month is short for GBP/USD , but I don't say I will short all GBP/USD all the time and will wait 25 days to monthly candle close and then I will be rich !

Not at all, that is the why we must always measure the lower time-frame acceleration to get the possible trend changes. However I look short NOW ( currently ) and my analysis can be changed in couple of hours ! We can see a huge bullish spike, so I will reassess the validity of analysis. But I don't see any bearish signal to hold my long trades, however I will hold my short trades more than longs, unless I see other signs of any strong bullish to revise

Look at this monthly chart of GU , what do you see ?


Attached Image (click to enlarge)
Click to Enlarge Name: Monthly.jpg Size: 198 KB



Then I minimize the time frame and look at weekly chart and I see a huge bearish weekly candle

Also a bull-back from both 50 line and Red line on TDI


Attached Image (click to enlarge)
Click to Enlarge Name: Weekly.jpg Size: 244 KB




Then I wait to see a clear bearish confirmation in lower time-frames , in this case M30


Attached Image (click to enlarge)
Click to Enlarge Name: M30.jpg Size: 306 KB





And if the position didn't hit break-even, so my target will be hitting this trend line , ABCD , 100% Fibo Expansion or they can be stay on together ( FE 100 + Trend line + 1.5000)


Attached Image (click to enlarge)
Click to Enlarge Name: M30 TP.jpg Size: 255 KB




In summary, all above analysis can be happened, but I am always prepared for all type of scenarios, most beautiful and so ugly . So please just take a tip you find this kind of MTF analysis helpful.

AND DON'T FOLLOW OTHER TRADERS ( For instance, all my analysis can reset in the opposite direction in hours before you know, but you will still hold the wrong side positions )

This post is just for illustration purpose and showing multi time frame analysis,

I DON'T CONTROL any part of GBP/USD ( so don't push the sell button blindly, because I said this or that, I'm nothing in this ocean )
  • #8,784
  • Oct 5, 2015 10:08pm Oct 5, 2015 10:08pm
Quoting Subrina_FX
I plan on the monthly and weekly charts, Then I place the orders on lower time frames price actions. My bias for this month is short for GBP/USD , but I don't say I will short all GBP/USD all the time and will wait 25 days to monthly candle close and then I will be rich ! Not at all, that is the why we must always measure the lower time-frame acceleration to get the possible trend changes. However I look short NOW
What a great post , thanks fro sharing your experience, that takes a lot of time to gain
I Have Learned to Take Some Losses to Make Profits
  • #8,785
  • Oct 5, 2015 10:22pm Oct 5, 2015 10:22pm
Quoting Subrina_FX
I plan on the monthly and weekly charts, Then I place the orders on lower time frames price actions. My bias for this month is short for GBP/USD , but I don't say I will short all GBP/USD all the time and will wait 25 days to monthly candle close and then I will be rich ! Not at all, that is the why we must always measure the lower time-frame acceleration to get the possible trend changes. However I look short NOW ( currently ) and my analysis can be changed in couple of hours ! We can see a huge bullish spike, so I will reassess the validity of...
Thanks for sharing your plan Subrina.
Let's see how AU reacting from RBA news in 9mins. I m bearish on both GA EA
Appreciation is the key to wealth and happiness
  • #8,786
  • Oct 5, 2015 10:51pm Oct 5, 2015 10:51pm
Quoting likica
{quote} Thanks for sharing your plan Subrina. Let's see how AU reacting from RBA news in 9mins. I m bearish on both GA EA

You took the correct side

Attached Image (click to enlarge)
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Watching for possible breake of this line, if H4 closes below the line, we can expect to go deeper


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RBA candle passed the previous month low


Attached Image (click to enlarge)
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  • #8,787
  • Oct 5, 2015 11:37pm Oct 5, 2015 11:37pm
GBPJPY-D1. Late entry on the break of the OB but price remain at this area since
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-10-05_23-46-14GBPJPY-D1.png Size: 74 KB
Sad i'm not trying to understand PA
  • #8,788
  • Oct 5, 2015 11:42pm Oct 5, 2015 11:42pm
EURCAD-D1. Took on the break of the OB
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-10-05_22-04-05EURCAD-D1.png Size: 36 KB
Sad i'm not trying to understand PA
  • #8,789
  • Oct 5, 2015 11:46pm Oct 5, 2015 11:46pm
Thank you so much for that Subrina.
If I may ask two follow ups.

1. On you monthly chart, "when you compare the upper shadow and lower shadow, you will realize the market is more bearish than bullish"

are you talking about the wicks from 5-6 candles before circled in blue? the length is shorter compared to the one you pointed out. correct?

2. "Then I minimize the time frame and look at weekly chart and I see a huge bearish weekly candle
Also a bull-back from both 50 line and Red line on TDI"
This part I dont quite follow. I do see the huge bearish weekly candle but not sure what to make of "bull-back from both 50 line" you have highlighted in a circle. Do you by chance mean to say bear down and fell below 50?
Attached Image(s) (click to enlarge)
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  • #8,790
  • Oct 5, 2015 11:52pm Oct 5, 2015 11:52pm
Quoting omonisha
GBPJPY-D1. Late entry on the break of the OB but price remain at this area since {image}
OS, good clear chart with S/R.
I see bears, unless it soon create divergence to be upside. Currenntly in choppy zone (might see small up moves but I would only jump in a long on small TF if there s setup@S/R but not on D1. Well, you play OBBO pretty well so this is just my view)
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-10-05_23-46-14GBPJPY-D1.png Size: 79 KB
Appreciation is the key to wealth and happiness
  • #8,791
  • Oct 6, 2015 12:17am Oct 6, 2015 12:17am
Quoting awcharts
Thank you so much for that Subrina. If I may ask two follow ups. 1. On you monthly chart, "when you compare the upper shadow and lower shadow, you will realize the market is more bearish than bullish" are you talking about the wicks from 5-6 candles before circled in blue? the length is shorter compared to the one you pointed out. correct? 2. "Then I minimize the time frame and look at weekly chart and I see a huge bearish weekly candle Also a bull-back from both 50 line and Red line on TDI" This part I dont quite follow. I do see the huge bearish...

Hi awcharts,

1. Just the last candle , means month September
( I mean the close price and low price are almost same, however the open price and high price have a notable difference. In this case it means more bearish than bullish)
* I used the word "more" , because what I've learnt in these years is ANYTHING CAN HAPPEN
It means we - retail traders - must not get married with beliefs and our positions.
This video may not be a great video but master is master, doesn't matter in what field.
I think this is exactly every trader needs

2. Huge bearish candle you have highlighted is exactly what I said
bull-back was a typing error , I mean pull-back ( I have highlighted the pull-back on TDI )


Sorry, English is not my first language
  • #8,792
  • Oct 6, 2015 12:39am Oct 6, 2015 12:39am
Quoting likica
{quote} OS, good clear chart with S/R. I see bears, unless it soon create divergence to be upside. Currenntly in choppy zone (might see small up moves but I would only jump in a long on small TF if there s setup@S/R but not on D1. Well, you play OBBO pretty well so this is just my view) {image}
Thanks LK yes it is choppy ever since
Sad i'm not trying to understand PA
  • #8,793
  • Oct 6, 2015 12:53am Oct 6, 2015 12:53am
Quoting TheScorpS
{quote} Sweet Maltesers pips, keep em rolling
....yummie ... thnx guys... pushing my luck now ... how many pips do you need
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 37 KB
  • #8,794
  • Oct 6, 2015 12:57am Oct 6, 2015 12:57am
Quoting Subrina_FX
I plan on the monthly and weekly charts, Then I place the orders on lower time frames price actions. My bias for this month is short for GBP/USD , but I don't say I will short all GBP/USD all the time and will wait 25 days to monthly candle close and then I will be rich ! Not at all, that is the why we must always measure the lower time-frame acceleration to get the possible trend changes. However I look short NOW ( currently ) and my analysis can be changed in couple of hours ! We can see a huge bullish spike, so I will reassess the validity of...
many thnx Subrina - will be study your posts

Quoting omonisha
EURCAD-D1. Took on the break of the OB {image}
superb as usual buddy
  • #8,795
  • Oct 6, 2015 1:02am Oct 6, 2015 1:02am
Quoting griffinssoul
{quote} ....yummie ... thnx guys... pushing my luck now ... how many pips do you need {image}

Seriously ?!!
  • #8,796
  • Oct 6, 2015 1:04am Oct 6, 2015 1:04am
Quoting mokuro89
Hi folks, sry for the offtopic but , bulls and bears not only in my mind now also in my body {image}
whoa! dude - all scarred up - that is so sick - best ive seen ever ....

Quoting Subrina_FX
{quote} Seriously ?!!
H4 is turnning down now so got out of the 200's [ got +1450pips] just left the last 2 150's @ BE - just managing pure luck - should have been out last W1 - but as SJ taught me never panic always stay frosty
  • #8,797
  • Oct 6, 2015 1:09am Oct 6, 2015 1:09am
Quoting griffinssoul
{quote} whoa! dude - all scarred up - that is so sick - best ive seen ever .... {quote} H4 is turnning down now so got out of the 200's [ got +1450pips] just left the last 2 150's @ BE - just managing pure luck - should have been out last W1 - but as SJ taught me never panic always stay frosty

I bagged 1000 pips, Just left couple of hundreds , that's it, no more

Sorry , 1450 pips
  • #8,798
  • Oct 6, 2015 1:13am Oct 6, 2015 1:13am
Quoting Subrina_FX
{quote} I bagged 1000 pips, Just left couple of hundreds , that's it, no more Sorry , 1450 pips
thats a much better plan cause its just to risky - in the long run - to leave it hanging - i am still in development mode so will keep working on it - it sure helps to have you guys on this thread - so many talented pro traders
  • #8,799
  • Oct 6, 2015 2:45am Oct 6, 2015 2:45am
EURAUD-H4.. Looks like this at the moment with the weekly WRB fib line
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-10-06_13-39-39EURAUD-H4.png Size: 91 KB
Sad i'm not trying to understand PA
  • #8,800
  • Oct 6, 2015 6:53am Oct 6, 2015 6:53am
got out of ECAD Divergence for 55 green still too early
Attached Image (click to enlarge)
Click to Enlarge Name: 6.10.15 ECAD M30 H1 DIV +55 (reached +70p if stayed in).png Size: 53 KB
Appreciation is the key to wealth and happiness
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