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TMS for M30 charts

  • #9,341
  • Oct 22, 2015 11:37am Oct 22, 2015 11:37am
Quoting awcharts
{quote} 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.
Just popping my head in here and happened to read a rookie one. Don't wait for Davit and don't let him feel he is responsible for your actions. If you realize 99% for sure you will get hurt, why do it? Look at all Davit's charts with his trades and ask yourself this question: would I be able to bear with such DD? if yes, go with it, don't put one foot in the water while let other one hanging out there...trading is not that hard to deal, dealing with yourself is the hardest part. G'day & G'9.
Appreciation is the key to wealth and happiness
  • #9,342
  • Oct 22, 2015 11:56am Oct 22, 2015 11:56am
Quoting likica
{quote} 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. {image}
Thx Likica, Pips for an insight to your trading eye

Quoting Davit
{quote} 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...
Hehe no worries Davit I know what I'm doing, just posting this loss for the benefit of me and other noobs to learn..still green today
I use some Aussie brokers like ICM, Pepperstone etc. They offer nice spreads for trading crosses (1-2 pips usually, 3-4 sometimes). I wouldn't trade by paying a 7-8 spread either it is very costly in the long run as you said!
  • #9,343
  • Oct 22, 2015 12:28pm Oct 22, 2015 12:28pm
Would anybody go short on U/J? seems it touched a pivot and shaping pins. TDI about to cross and angle tries to widen. How about E/U?
  • #9,344
  • Oct 22, 2015 12:46pm Oct 22, 2015 12:46pm
Quoting awcharts
{quote} 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.
Best to stick with TMS30 rules.I often break it because I have other confluences that are outside this system.
Please read my signature...its a system by itself.If you feel uncomfortable then don't short.Simple as that and wait for proper signal.
When I take a trade I have bigger TF in mind.I could hold it a week even so immediate DD does not bother me.
Best regards
In trading, you have to be defensive and aggressive at the same time
  • #9,345
  • Oct 22, 2015 12:48pm Oct 22, 2015 12:48pm
Dear Davit,
reading your posts and viewing your results, I realize that trading taking into account the fundamentals but entering by technical analysis gives the best results.
So I follow your view and shorted this morning only one E cross not to risk too much. Result: greenies!
Do not hesitate to share your view on fundamentals by time to time!
Thank you so much!
Cheers!

Quoting Davit
Hope some of you cashed on ECB meeting Wrote posted articles why Euro will fall...
  • #9,346
  • Oct 22, 2015 12:51pm Oct 22, 2015 12:51pm
Quoting Arso
Dear Davit, reading your posts and viewing your results, I realize that trading taking into account the fundamentals but entering by technical analysis gives the best results. So I follow your view and shorted this morning only one E cross not to risk too much. Result: greenies! Do not hesitate to share your view on fundamentals by time to time! Thank you so much! Cheers! {quote}
Arso you are welcome!
Nice that you are paying attention. Keep posting your results.
In trading, you have to be defensive and aggressive at the same time
  • #9,347
  • Oct 22, 2015 1:00pm Oct 22, 2015 1:00pm
On UJ
Since mid August UJ has been ranging and I already mentioned I love ranging pairs.
I like building positions on rangy pairs.If I am wrong then I take my losses.Part of doing business.Should you duplicate this?I would say no.Wait for TDI+PA confirmation.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 23 KB
In trading, you have to be defensive and aggressive at the same time
  • #9,348
  • Oct 22, 2015 1:51pm Oct 22, 2015 1:51pm
On lighter side
Bernie Sanders SNL skit
"Who is trying to steal a pen from a bank"

Inserted Video
In trading, you have to be defensive and aggressive at the same time
  • #9,349
  • Oct 22, 2015 2:08pm Oct 22, 2015 2:08pm
Quoting Davit
On UJ Since mid August UJ has been ranging and I already mentioned I love ranging pairs. I like building positions on rangy pairs.If I am wrong then I take my losses.Part of doing business.Should you duplicate this?I would say no.Wait for TDI+PA confirmation. {image}
Ready to go long now?
  • #9,350
  • Oct 22, 2015 3:18pm Oct 22, 2015 3:18pm
Quoting omonisha
{quote} Excellent trading Bal superb
Thanks OS! Saw your explosive catch on EU daily today! That US open news release really shook things up!

Quoting griffinssoul
{quote} superb trading Bal buddy - its all coming together mate
Thanks GS In recent weeks, I've spent a fair amount of time developing my plan, with a real focus on being more selective with my entries. As you know already, its a mental challenge more than anything else... I'll have to assess over the next few weeks whether or not its working but I've had a good first week back
Focus on the process and the profits will follow
  • #9,351
  • Oct 22, 2015 5:36pm Oct 22, 2015 5:36pm
Quoting Davit
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. {image}
Hi Davit, a small UBS report you might be interested in seeing you trade the CAD a lot, AC and UC.
Attached File(s)
File Type: pdf UBS-Oct-21.pdf   128 KB | 393 downloads
  • #9,352
  • Oct 22, 2015 6:38pm Oct 22, 2015 6:38pm
Quoting arioaza
Would anybody go short on U/J? seems it touched a pivot and shaping pins. TDI about to cross and angle tries to widen. How about E/U?
EU daily @support, expecting a retrace....
Attached Image (click to enlarge)
Click to Enlarge Name: 23.10.15 EU D1@support.png Size: 62 KB
Appreciation is the key to wealth and happiness
  • #9,353
  • Oct 22, 2015 6:53pm Oct 22, 2015 6:53pm
Quoting omonisha
EURUSD-D1 {image}
Excellent trading OS like always
Winners Never Quit, Quitters Never Win
  • #9,354
  • Oct 22, 2015 7:07pm Oct 22, 2015 7:07pm
Quoting Davit
Closed GC shorts +185pips Pivot R100 trade {image}

Hi Davit.

was all these positions were same lot size.

thanks
  • #9,355
  • Oct 22, 2015 8:15pm Oct 22, 2015 8:15pm
what is your take on USD/JPY. I think its about to move down, at least 30 TF is saying that. Its about to reach a heavy R and has already made two pins, Divergence was observed. Would like to see your comments.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.png Size: 44 KB
  • #9,356
  • Oct 22, 2015 8:22pm Oct 22, 2015 8:22pm
Quoting arize
{quote} I use some Aussie brokers like ICM, Pepperstone etc. They offer nice spreads for trading crosses (1-2 pips usually, 3-4 sometimes). I wouldn't trade by paying a 7-8 spread either it is very costly in the long run as you said!
In addition, as high ADR cross pairs generally have lower pip value compared to majors, it offsets some impact of higher spread.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #9,357
  • Oct 22, 2015 9:10pm Oct 22, 2015 9:10pm
Quoting likica
love pins so much, I forgot to move my PT since there was OBBO, well grreeen is good {image}
Hi Likica, how to set SL in this case coz if set 50 pips SL we get SL before TP
  • #9,358
  • Oct 22, 2015 10:18pm Oct 22, 2015 10:18pm
Quoting squawk
{quote} Hi Davit, a small UBS report you might be interested in seeing you trade the CAD a lot, AC and UC. {image}
Squawk my friend nice of you to drop by!
downloaded will check it out
thank you
In trading, you have to be defensive and aggressive at the same time
  • #9,359
  • Oct 22, 2015 10:20pm Oct 22, 2015 10:20pm
Quoting mkfx
{quote} Hi Davit. was all these positions were same lot size. thanks
pretty much same.I don't pyramid.
In trading, you have to be defensive and aggressive at the same time
  • #9,360
  • Oct 22, 2015 10:26pm Oct 22, 2015 10:26pm
Just a really random question, how long do you guys take to be recover your losses and on a profitable track?

I am on the 3rd year but still not much improvement. I feel demoralized.
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