TMS for M30 charts | Page 460 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

RiskyFX-M30 System 117 replies

Pulse M5, M15, M30,H1+ 9 replies

London Open Breakout-M30 57 replies

M30 Rainbow Madness 23 replies

Different between time frames M30 1H and 4H 2 replies

Attachments: TMS for M30 charts
Exit Attachments

TMS for M30 charts

  • #9,181
  • Oct 17, 2015 4:00am Oct 17, 2015 4:00am
Quoting Davit
Hi Subrina What you up to.Not posting lately
Hi David, tell me some idea to manage trade to reach Tp, when we should set to BE ?
  • #9,182
  • Oct 17, 2015 9:37am Oct 17, 2015 9:37am
Spotting EG (Davit's gold pair) sitting at good support level on H4, will see how it turns out on Monday
Attached Image (click to enlarge)
Click to Enlarge Name: 17.10.15 EG H4@SR (potential buy) - view on Sat.png Size: 76 KB
Appreciation is the key to wealth and happiness
  • #9,183
  • Oct 17, 2015 9:44am Oct 17, 2015 9:44am
Quoting longbk
{quote} Hi David, tell me some idea to manage trade to reach Tp, when we should set to BE ?
Hi Long,
Just sharing while I'm here, lots of my trades got stopped out at BE after taking partial PT and let them running to next S/R. I still rather be in and out when not happy with PA or happy with 50 greenies for the whole unless I can't not monitor the trade (G's pairs can do more than 50pips by the way)
Appreciation is the key to wealth and happiness
  • #9,184
  • Oct 17, 2015 11:03am Oct 17, 2015 11:03am
Quoting likica
Spotting EG (Davit's gold pair) sitting at good support level on H4, will see how it turns out on Monday {image}
True I love EG UC dearly.It suits building positions because they don't run away.
I agree EG looks good for long.Its at support now. Both EU and GU are at precarious levels.GU is poised to break up 155+ and Euro is questionable as far as more appreciation because of Thurs ECB meeting.What I have been reading Draghi does not want further appreciation of Euro and may be Dovish and may announce further QE going into 2016
So with this in mind I am reluctant to buy the Euro which means long EG.To me its no trade until EG reaches 74 minimum again then I'll be looking for shorts.Fundamentals are stacked against the Euro for now to buy.EG could easily go back to 72.
Lets wait and see.
notice R100...
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 43 KB
In trading, you have to be defensive and aggressive at the same time
  • #9,185
  • Oct 17, 2015 11:10am Oct 17, 2015 11:10am
Quoting longbk
{quote} Hi David, tell me some idea to manage trade to reach Tp, when we should set to BE ?
Hi Longbk
ideally after 10pips in profit you should move to BE and let it run until next R/S
If you trade hyper pairs like GA GN EA EN GJ GC anticipate sharp moves and often you will get stopped out.
I generally don't trade hyper pairs because of spread (6-7pips) and does not suit my trading style.
Green pips
In trading, you have to be defensive and aggressive at the same time
  • #9,186
  • Oct 17, 2015 11:25am Oct 17, 2015 11:25am
http://www.wsj.com/articles/dollar-r...ens-1445017629
Euro Declines Ahead of ECB Meeting

The ECB launched a 60-billion-euro monthly bond-purchase program in March that was designed to run to at least September 2016. But several ECB officials worry that more measures will be needed to raise inflation, as consumer prices in the eurozone decreased by 0.1% annually in September, the first decline since the program began.
Investors are increasingly betting that the ECB will either lengthen the duration of the bond-buying program or increase the amount of monthly purchases either at its policy meeting this Thursday, or in December. Either move is likely to weigh on the common currency.
The euro has mostly traded between $1.08 and $1.14 since May, a range which has tightened to around $1.13 since late August. The ECB appears to make efforts to rein in the common currency whenever it strengthens to $1.14, said Dave Pierce, chief strategist at GPS Capital Markets, Inc., a Salt Lake City-based firm that provides foreign-exchange services to corporations.
“The ECB really has a strong bias to keeping the euro weak right now, allowing the eurozone countries to be more competitive in the world markets,” Mr. Pierce said. “There’s a clear target for the euro for the ECB; the euro will stay below that $1.14 level.”
In trading, you have to be defensive and aggressive at the same time
  • #9,187
  • Oct 17, 2015 11:29am Oct 17, 2015 11:29am
Another Talking head
ECB member
http://www.bloomberg.com/news/articl...rly-below-goal
“One has to say that we’re clearly missing our target,” Nowotny said in Warsaw, pointing to ECB forecasts showing inflation would average 0.1 percent this year and 1.1 percent in 2016. “The main fault for this is the dramatic fall in the price of oil and raw materials. One has to say that these are elements the central bank cannot influence, but also core inflation rates are clearly below our target.”

Its clear to me Euro is only short trades on rallies.That's my outlook
In trading, you have to be defensive and aggressive at the same time
  • #9,188
  • Oct 19, 2015 2:25am Oct 19, 2015 2:25am
Was correct entry short EA using " omonisha OB signal"???
thanks ar all
Attached Image (click to enlarge)
Click to Enlarge Name: 44.png Size: 80 KB
  • #9,189
  • Oct 19, 2015 2:40am Oct 19, 2015 2:40am
Quoting pinux76
Was correct entry short EA using " omonisha OB signal"??? thanks ar all {image}
way to go!
Raza
  • #9,190
  • Oct 19, 2015 2:45am Oct 19, 2015 2:45am
Quoting pinux76
Was correct entry short EA using " omonisha OB signal"??? thanks ar all {image}
From what I have understood once the outside bar was set on the 4hour one should have been looking for a signal on the same side on lower TFs ideally inorder to get a better price be it in the form of pullback/OB/IB but most importantly it should have been in the same direction of the 4 hour setup, which it was as per your post. Thanks for bringing it to the attention of the members.
Raza
  • #9,191
  • Oct 19, 2015 2:50am Oct 19, 2015 2:50am
Quoting shr5
{quote} From what I have understood once the outside bar was set on the 4hour one should have been looking for a signal on the same side on lower TFs ideally inorder to get a better price be it in the form of pullback/OB/IB but most importantly it should have been in the same direction of the 4 hour setup, which it was as per your post. Thanks for bringing it to the attention of the members.
btw same is the case for AUDUSD long setup firstly on the 4hour and then on the 1hr TF. The benefit of going down to the lower tf gives us a smaller stop loss in comparison to the higher tf.
Raza
  • #9,192
  • Edited Oct 20, 2015 3:43am Oct 19, 2015 4:43am | Edited Oct 20, 2015 3:43am
EA short trade. Price after some hesitation below DOL (Daily open line) broke above it and got rejected at BRN 1.57000. It reversed and moved below DOL then came back to it and couldn't close above it followed by a nice rejection candle so I went short. Higher TFs supported the down move. Price structure also supported a move down.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM30.png Size: 51 KB
Attached Image
Trading can't be taught but it can be learned
  • #9,193
  • Oct 19, 2015 5:48am Oct 19, 2015 5:48am
Quoting pinux76
Was correct entry short EA using " omonisha OB signal"??? thanks ar all {image}
That was a good H4 OB but it didn't closed below RN 1.56 area that is also previous structure. I was little hesitating but when i see that H1 OB i jumped in
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-10-19_16-29-10EURAUD-H4.png Size: 35 KB
Sad i'm not trying to understand PA
  • #9,194
  • Oct 19, 2015 5:50am Oct 19, 2015 5:50am
GJ counter trend trade (risky). Price reached FH (Friday's high) which was also last week's high (LWH). I took a short trade with a 50 pip target and SL of 27 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM30.png Size: 41 KB
Trading can't be taught but it can be learned
  • #9,195
  • Oct 19, 2015 7:35am Oct 19, 2015 7:35am
Quoting Pipsninja
EA short trade. Price after some hesitation below DO (Daily open) broke above it and got rejected at BRN 1.57000. It reversed and moved below DO then came back to it and couldn't close above it followed by a nice rejection candle so I went short. Higher TFs supported the down move. Price structure also supported a move down. {image} {image}
Nice chart and good pipping Pipsn. Just got back from Valedictory Dinner.
Set some trades up before I was out, got stopped out with GJ short, in the money for EU & EA short too
Appreciation is the key to wealth and happiness
  • #9,196
  • Oct 19, 2015 8:15am Oct 19, 2015 8:15am
Sad AU Changed Course,
I still dont understand why was that.
Could someone help find the fault in this trade?
Thanks in advance.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30LOSS.png Size: 36 KB
Motivation is what gets you started. Habit is what keeps you going
  • #9,197
  • Oct 19, 2015 8:15am Oct 19, 2015 8:15am
Quoting Davit
Another Talking head ECB member http://www.bloomberg.com/news/articl...rly-below-goal One has to say that were clearly missing our target, Nowotny said in Warsaw, pointing to ECB forecasts showing inflation would average 0.1 percent this year and 1.1 percent in 2016. The main fault for this is the dramatic fall in the price of oil and raw materials. One has to say that these are elements the central bank cannot influence, but also core inflation rates are clearly below our target....
Thank you for the heads up Davit. Your continuous contributions about fundies in this thread are helping us a lot. Green pips to you and all of us
Appreciation is the key to wealth and happiness
  • #9,198
  • Edited 8:39am Oct 19, 2015 8:21am | Edited 8:39am
Quoting efestus
Sad AU Changed Course, I still dont understand why was that. Could someone help find the fault in this trade? Thanks in advance. {image}
It was disappointing to see AU turning south, how ever, from TA view, and from your entry I would not go long since TDI reaching 68 level (overbought area).
It would be nice to see it bounce back up from DOL/200MA H1. Also, there was a continuation sell (hidden divergence set up) formed on both H1 & m30.
Appreciation is the key to wealth and happiness
  • #9,199
  • Oct 19, 2015 10:15am Oct 19, 2015 10:15am
Quoting likica
{quote} Thank you for the heads up Davit. Your continuous contributions about fundies in this thread are helping us a lot. Green pips to you and all of us
You welcome LK.I hope I am more correct then wrong in my analyses.
Green pips

Closed few on AU +35pips
I am very busy building a shed and missing lot of trades.Could of added lot more on AU but next time
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30.png Size: 37 KB
In trading, you have to be defensive and aggressive at the same time
  • #9,200
  • Oct 19, 2015 10:17am Oct 19, 2015 10:17am
AC is getting close to pivot...
possible shorts forming in my head...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADM30.png Size: 36 KB
In trading, you have to be defensive and aggressive at the same time
1 trader viewing now