TMS for M30 charts | Page 467 | 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

  • #9,321
  • Oct 22, 2015 6:42am Oct 22, 2015 6:42am
Quoting hsn100
Hi LK! I've been reading this thread with lot of interest. You guys are indeed doing great over here. Uptill now i've been posting my charts on main tms forum, great traders are over there like you. This is my first post. I'm always willing to accept any criticism/suggestion. Regards, {image} Update: closed the trade for 17 pips.
Welcome to M30 Hsn100,
when trade small TF like m30, I would need to find at least 3 reasons to get in such as TDI cross, @S/R, 2 pins/ divergence/ higher lows/lower highs....
I guess you took GU short because of pin bar while TDI still >68 and price keeps stepping up (made higher high and higher lows) so it was not convincing for a short yet. I am glad you closed it in green.
I m more interested in GJ short if it shows up
Appreciation is the key to wealth and happiness
  • #9,322
  • Oct 22, 2015 7:23am Oct 22, 2015 7:23am
GJ long failed early Asian session. Why did it fail...a stop hunt? Looked like a bounce from DOL and 200EMA. It went so low and then rallied back at my bullish bias and TP anyway small trade as it was taken during AO
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM30.png Size: 85 KB
  • #9,323
  • Oct 22, 2015 7:24am Oct 22, 2015 7:24am
Quoting likica
{quote} Welcome to M30 Hsn100, when trade small TF like m30, I would need to find at least 3 reasons to get in such as TDI cross, @S/R, 2 pins/ divergence/ higher lows/lower highs.... I guess you took GU short because of pin bar while TDI still >68 and price keeps stepping up (made higher high and higher lows) so it was not convincing for a short yet. I am glad you closed it in green. I m more interested in GJ short if it shows up
Im trading now h1/h4 tms. Still holding one long from 182 and willing get one more around 184.6 if it bounce from h1 tms, also proven res at that point. tp around 188
Time is your friend; impulse is your enemy.
  • #9,324
  • Oct 22, 2015 7:50am Oct 22, 2015 7:50am
Quoting arize
GJ long failed early Asian session. Why did it fail...a stop hunt? Looked like a bounce from DOL and 200EMA. It went so low and then rallied back at my bullish bias and TP anyway small trade as it was taken during AO {image}
I saw price was stepping down and so was TDI, those 2 factors did not say anything about going long, sometimes it work but most of the time it fail if you ignore that fact. Gj standS by himself so it s not easy to trade like GA GN (IMO). HTF can say bullish but can you stand with big DD?
Appreciation is the key to wealth and happiness
  • #9,325
  • Oct 22, 2015 8:10am Oct 22, 2015 8:10am
Quoting likica
{quote} I saw price was stepping down and so was TDI, those 2 factors did not say anything about going long, sometimes it work but most of the time it fail if you ignore that fact. Gj standS by himself so it s not easy to trade like GA GN (IMO). HTF can say bullish but can you stand with big DD?
Thx Likica for input, you mean I need larger stop loss for GJ since HTF is bullish? Price was making HH HL thats why went long... please tell me what signs to look for to avoid this trade in future

GJ is a beast yeah..probably the hardest cross to trade
  • #9,326
  • Oct 22, 2015 8:21am Oct 22, 2015 8:21am
Quoting arize
{quote} Thx Likica for input, you mean I need larger stop loss for GJ since HTF is bullish? Price was making HH HL thats why went long... please tell me what signs to look for to avoid this trade in future GJ is a beast yeah..probably the hardest cross to trade
no one or no set up can be 100%, just for the sake of my TA, plz look at your chart where I marked with squares and you have a clear pic ( there where your entry price did make higher lows but not enough to go in except if there were a bullish divergence), so for me no show for buy yet...just as no set up buy for me yet.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM30.png Size: 79 KB
Appreciation is the key to wealth and happiness
  • #9,327
  • Oct 22, 2015 8:29am Oct 22, 2015 8:29am
There were many and I got in this GN, spotting the right PA with TDI stepping lower...
Attached Image (click to enlarge)
Click to Enlarge Name: 22.10.15 GN M30 short@9.53pm aedt +100.png Size: 65 KB
Appreciation is the key to wealth and happiness
  • #9,328
  • Oct 22, 2015 8:35am Oct 22, 2015 8:35am
love pins so much, I forgot to move my PT since there was OBBO, well grreeen is good
Attached Image (click to enlarge)
Click to Enlarge Name: 22.10.15 GA M30 DIV + 3pins +75 (reached 100p if stayed in).png Size: 78 KB
Appreciation is the key to wealth and happiness
  • #9,329
  • Oct 22, 2015 8:45am Oct 22, 2015 8:45am
Quoting arize
GJ long failed early Asian session. Why did it fail...a stop hunt? Looked like a bounce from DOL and 200EMA. It went so low and then rallied back at my bullish bias and TP anyway small trade as it was taken during AO {image}
Great explanation by likica. I let the market move away form DOL then come back to it and then watch the reaction and trade that reaction with supporting factors. I have marked your chart with PA at DOL.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM30.png Size: 79 KB
Trading can't be taught but it can be learned
  • #9,330
  • Oct 22, 2015 8:49am Oct 22, 2015 8:49am
Hello Likica ,

Is that a right set up. Good angle, price bounced 50 Ma and DOL? Did I miss something?
Attached Image (click to enlarge)
Click to Enlarge Name: فق.JPG Size: 50 KB
  • #9,331
  • Oct 22, 2015 8:53am Oct 22, 2015 8:53am
Quoting arioaza
Hello Likica , Is that a right set up. Good angle, price bounced 50 Ma and DOL? Did I miss something? {image}
yeah you are heading to the right direction by the look at PA, only that you entered too late
Appreciation is the key to wealth and happiness
  • #9,332
  • Oct 22, 2015 9:18am Oct 22, 2015 9:18am
Quoting likica
{quote} Welcome to M30 Hsn100, when trade small TF like m30, I would need to find at least 3 reasons to get in such as TDI cross, @S/R, 2 pins/ divergence/ higher lows/lower highs.... I guess you took GU short because of pin bar while TDI still >68 and price keeps stepping up (made higher high and higher lows) so it was not convincing for a short yet. I am glad you closed it in green. I m more interested in GJ short if it shows up
Thnk u LK and yes you're absolutely right about pin bar . Got your other points in true letter and spirit.
Regards,
Winners Never Quit, Quitters Never Win
  • #9,333
  • Oct 22, 2015 9:26am Oct 22, 2015 9:26am
Closed GC shorts
+185pips
Pivot R100 trade
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM30.png Size: 39 KB
In trading, you have to be defensive and aggressive at the same time
  • #9,334
  • Oct 22, 2015 9:48am Oct 22, 2015 9:48am
Hope some of you cashed on ECB meeting
Wrote posted articles why Euro will fall...
In trading, you have to be defensive and aggressive at the same time
  • #9,335
  • Oct 22, 2015 9:50am Oct 22, 2015 9:50am
EURUSD-D1
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-D1.PNG Size: 47 KB
Sad i'm not trying to understand PA
  • #9,336
  • Oct 22, 2015 9:51am Oct 22, 2015 9:51am
Quoting omonisha
EURUSD-D1 {image}
very nice OM
like your clean chart.
In trading, you have to be defensive and aggressive at the same time
  • #9,337
  • Oct 22, 2015 9:58am Oct 22, 2015 9:58am
Starting shorting UJ
close enough to R61
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 41 KB
In trading, you have to be defensive and aggressive at the same time
  • #9,338
  • Oct 22, 2015 10:05am Oct 22, 2015 10:05am
You guys probably know that I love slow range pairs like EG AC.AC in particular because of being commodity currencies tend to range a lot.
This means one can build positions maximizing profits
Notice that AC is between R38 and S38
Nice tight range.What you do is up to you but make sure TDI PA confirms it.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADH4.png Size: 30 KB
In trading, you have to be defensive and aggressive at the same time
  • #9,339
  • Edited 10:40am Oct 22, 2015 10:22am | Edited 10:40am
Quoting arize
{quote} GJ is a beast yeah..probably the hardest cross to trade
Why must you trade it then?I don'tYou don't need to trade 20pairs to make money.I basically trade 4-5pairs and make my monthly goal+more.
None of my pairs are hyper G pairs.
Problem in forums like this is people forget that everyone is on different experience plane and have different tolerance to stress and patience.
Some like to emulate LK and forget that she has good experience and skill.Perhaps you are not ready to trade G crosses.
Its really baffling to me how trading GU with 2pip spread is being ignored but some with little experience want to trade GN with 6-8pip spread...
logic of it is perplexing to say a least.
Lets break this down

GU 20pip Stopped out -20-2spread -22pips lets say you tried 3 times and failed -66pips
GN 20pip Stopped out -7pips(your broker could be 8) -81pips

Trading single lot -15pip spread is significant money!Do that often and you either wise up or keep funding your account.
In trading, you have to be defensive and aggressive at the same time
  • #9,340
  • Oct 22, 2015 11:23am Oct 22, 2015 11:23am
Quoting Davit
Starting shorting UJ close enough to R61 {image}
Hi Davit,
I have a question and realize its a rookie one. If I was to short here, I would just have 1 or 2 positions. I know you like to build multiple positions with your style of trading. LK has a rule not to short when TDI is above 68 and right now it is clearly below 68. ( I am not at home so I cant tell where TDI is on the daily chart). Would you kindly talk about your thinking? Is there a Harmonic pattern forming here?

If I was to short multiple positions here, I am sure to get hurt (my luck).

Thx.
6 traders viewing now