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TMS for M30 charts

  • #9,381
  • Oct 23, 2015 3:52am Oct 23, 2015 3:52am
Quoting sknight1
{image}
here you are, that what I was expecting, since I spotted you ve been in love with those 2 pairs recently. Congrats S
Appreciation is the key to wealth and happiness
  • #9,382
  • Oct 23, 2015 3:53am Oct 23, 2015 3:53am
Quoting Pipsninja
{quote} Welcome pulubi28, BE = breakeven, move Stoploss to zero once a trade has moved in your favor so you don't suffer a loss. Depending on the context, MM = Money management. It could also mean market maker or market manipulators which are big banks and big institutions.
Thanks for the reply Pipsninja!
  • #9,383
  • Oct 23, 2015 3:56am Oct 23, 2015 3:56am
Quoting likica
{quote} here you are, that what I was expecting, since I spotted you ve been in love with those 2 pairs recently. Congrats S

Thanks LK. Not in love... just looking for pairs that are moving more than 30-50 pips per day.

Got one more tonight but, it was a slow mover. It's nearly 4am my time, so I decided to close it and head off to bed.
Attached Image
  • #9,384
  • Oct 23, 2015 4:02am Oct 23, 2015 4:02am
Quoting pulubi28
I would like to thank LK for creating this wonderful thread, and all the big contributors here. May I ask how do you choose which pairs you monitor daily? Im having a hard time checking every 30mins almost all major pairs. Thats why I am missing the big ones, ended up not trading at all. Also, I would like to know what is BE and MM. I heard about those abb a lot here. I have to say I am a big of of griffinsoul also. Thanks for developing the angleator. Where can i check the significance of the symbols included in the angleator, like the circle and...
Hi Pulubi28,
We have various interests in this thread, some traders choose ranging pairs like USDCAD, AUDCAD...and majors EU GU AU, ...
while lots of others like myself more into exotic pairs like GBPNZD, GBPAUD, GBPJYP, EURNZD, EURAUD....which have higher Average Daily Range (ADR) and have higher spread but they move fast and big for our rewards.
Take time to study what ever pair you choose to trade, stick with 1 to 2 pairs and master them...Good luck and happy pipping!
Appreciation is the key to wealth and happiness
  • #9,385
  • Oct 23, 2015 4:22am Oct 23, 2015 4:22am
Quoting likica
{quote} Hi Pulubi28, We have various interests in this thread, some traders choose ranging pairs like USDCAD, AUDCAD...and majors EU GU AU, ... while lots of others like myself more into exotic pairs like GBPNZD, GBPAUD, GBPJYP, EURNZD, EURAUD....which have higher Average Daily Range (ADR) and have higher spread but they move fast and big for our rewards. Take time to study what ever pair you choose to trade, stick with 1 to 2 pairs and master them...Good luck and happy pipping!
Is it not recommended to trade the daily strong vs weak pairs? I am also a follower of TMS and joined last year. But was not able to stick to forex, always gives up when I come to a losing streak. Hopefully, I can train my psychology not to give up.

Is this not tradeable for LONG?
Green crosses red and above yellow line - Check
Bounced off DOL
But no bouncing off 200SMA.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 10.23.png Size: 46 KB
  • #9,386
  • Oct 23, 2015 4:30am Oct 23, 2015 4:30am
Quoting pulubi28
{quote} Is it not recommended to trade the daily strong vs weak pairs? I am also a follower of TMS and joined last year. But was not able to stick to forex, always gives up when I come to a losing streak. Hopefully, I can train my psychology not to give up. Is this not tradeable for LONG? Green crosses red and above yellow line - Check Bounced off DOL But no bouncing off 200SMA. {image}
Look at the size of recent candles and also look at the size of recent candles on H4, what does is tell you?
Trading can't be taught but it can be learned
  • #9,387
  • Oct 23, 2015 4:34am Oct 23, 2015 4:34am
Quoting pulubi28
{quote} Is it not recommended to trade the daily strong vs weak pairs? I am also a follower of TMS and joined last year. But was not able to stick to forex, always gives up when I come to a losing streak. Hopefully, I can train my psychology not to give up. Is this not tradeable for LONG? Green crosses red and above yellow line - Check Bounced off DOL But no bouncing off 200SMA. {image}
From M30 view, tt looks like it wants to go up (price has higher lows) but currently stuck at 200ma H1 , I don't know, for me it is choppy and no trade. Fundie may move it when NewYork Open
Appreciation is the key to wealth and happiness
  • #9,388
  • Oct 23, 2015 4:53am Oct 23, 2015 4:53am
Thanks PipsNinja and LK. Yes, I just observed there's not much going on on PA.
  • #9,389
  • Oct 23, 2015 5:07am Oct 23, 2015 5:07am
Update on AUD/CAD, both sell limits triggered, at 510 and 520.
Fall now please.
  • #9,390
  • Oct 23, 2015 5:13am Oct 23, 2015 5:13am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM30 23.10.png Size: 31 KB


GN
Divergence, trendline break, off S38. Only 21 when it could have been 100 after misjudging channel top.
Thanks for your help, warmth and straight talking Heather.
  • #9,391
  • Oct 23, 2015 5:27am Oct 23, 2015 5:27am
Quoting Kanderpro
{image} GN Divergence, trendline break, off S38. Only 21 when it could have been 100 after misjudging channel top.
price bounced off DOL, might head back up...spotting NU heading south
Appreciation is the key to wealth and happiness
  • #9,392
  • Oct 23, 2015 7:01am Oct 23, 2015 7:01am
Quoting KzX
Update on AUD/CAD, both sell limits triggered, at 510 and 520. Fall now please.
good numbers reduce your lot so you don't have to prey,worry or worse panic ..
its a turtle race day in day out which means don't try hitting the jackpot in 1 or 2 trades.Opposite of that is also true.
In trading, you have to be defensive and aggressive at the same time
  • #9,393
  • Oct 23, 2015 7:04am Oct 23, 2015 7:04am
Quoting griffinssoul
{quote} gr8 analysis LK ... EU trade all finished - 3K pips in bag - took 7D1 to complete - best yet - all PT hit but i took a few early when lost confidence got to stop that - all MM is in R:R - BE play and locking in some pips [still tinking about this ] a huge thnx to Davit and Subrina - i learnt a lot from these guys {image} {image}
+3k pips
Congrats bro.I was beginning to worry you were not posting...Great results!!
In trading, you have to be defensive and aggressive at the same time
  • #9,394
  • Oct 23, 2015 7:19am Oct 23, 2015 7:19am
Quoting Davit
{quote} good numbers reduce your lot so you don't have to prey,worry or worse panic .. its a turtle race day in day out which means don't try hitting the jackpot in 1 or 2 trades.Opposite of that is also true.
Thanks, I'm still holding (no stops), another pin is encouraging. It was a bit risky becuase there's very strong volatility on AUD an CAD pairs today - it feels like I'm in a crossfire.
630 would be even better sell entry - another HH, however this level seems to be strong R as well. I will be unloading partialy. TP1 is close.
  • #9,395
  • Oct 23, 2015 7:25am Oct 23, 2015 7:25am
Quoting KzX
{quote} Thanks, I'm still holding (no stops), another pin is encouraging. It was a bit risky becuase there's very strong volatility on AUD an CAD pairs today - it feels like I'm in a crossfire. 630 would be even better sell entry - another HH, however this level seems to be strong R as well. I will be unloading partialy. TP1 is close.
relax let it run lower
I am in the same trade in 5 positions and drinking coffee in relaxed manner.Got to let the trade develop.
In trading, you have to be defensive and aggressive at the same time
  • #9,396
  • Oct 23, 2015 7:36am Oct 23, 2015 7:36am
Quoting Davit
{quote} relax let it run lower I am in the same trade in 5 positions and drinking coffee in relaxed manner.Got to let the trade develop.
We can't be both wrong then
Closed one at TP1. Setting TP2 above open.
  • #9,397
  • Oct 23, 2015 8:23am Oct 23, 2015 8:23am
AU divergence +TDI, I left the party too early
Attached Image (click to enlarge)
Click to Enlarge Name: 23.10.15 AU M30 DIV short@8.06am est +40.png Size: 82 KB
Appreciation is the key to wealth and happiness
  • #9,398
  • Oct 23, 2015 8:33am Oct 23, 2015 8:33am
E Cad post news: Divergence, engulfing PA, trendline break, off historic H4 resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM30 23.10 (2).png Size: 31 KB
Thanks for your help, warmth and straight talking Heather.
  • #9,399
  • Oct 23, 2015 8:50am Oct 23, 2015 8:50am
EU M30, PA moving below the DOL.....
Attached Image (click to enlarge)
Click to Enlarge Name: EU M30.png Size: 27 KB
Winners Never Quit, Quitters Never Win
  • #9,400
  • Oct 23, 2015 9:19am Oct 23, 2015 9:19am
Plenty of pips around today, took GU because of the close below the pivot and bearish engulfings on both H4 and H1. I've moved to BE now as its Friday.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDSBH423-10.png Size: 37 KB
Click to Enlarge Name: GBPUSDSBH123-10.png Size: 37 KB
Click to Enlarge Name: GBPUSDSBM3023-10.png Size: 36 KB
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