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TMS for M30 charts

  • #9,401
  • Oct 23, 2015 9:42am Oct 23, 2015 9:42am
whats pretty is eurusd for a long...
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #9,402
  • Oct 23, 2015 9:43am Oct 23, 2015 9:43am
a lot of ninjas are in da house-

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MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #9,403
  • Oct 23, 2015 10:07am Oct 23, 2015 10:07am
Quoting likica
AU divergence +TDI, I left the party too early {image}
Do you locate manually the divergence? or is it an indicator? When I look at your charts, they seem so simple. But if I do it on my own, Im lost.Need more time looking at charts.
  • #9,404
  • Oct 23, 2015 10:16am Oct 23, 2015 10:16am
Quoting pulubi28
{quote} Do you locate manually the divergence? or is it an indicator? When I look at your charts, they seem so simple. But if I do it on my own, Im lost.Need more time looking at charts.
Go to this page and learn it over the weekend, compare with some charts, screentime will make it easier to spot. http://www.babypips.com/school/high-...eat-sheet.html
  • #9,405
  • Oct 23, 2015 10:27am Oct 23, 2015 10:27am
The other 2 trades today, EA and GA both buys because I missed the sells this morning as I was out. Both taken because of rejection at pivots along with bullish divergence on both, double bar low higher close on EA and bullish inside bar on GA. +50 on EA, + 100 on GA. Last but not least good angles on the repainting version of the TDI.
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  • #9,406
  • Oct 23, 2015 10:57am Oct 23, 2015 10:57am
Quoting lastingwell
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. {image} {image} {image}
Took 48 when it missed my tp of 50 by half a pip
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  • #9,407
  • Oct 23, 2015 12:22pm Oct 23, 2015 12:22pm
I loss to USDCHF today though it was a small loss but i want an insightful understanding on why the market said otherwise.
Thank you all in advance.

Regards,
Festus
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Motivation is what gets you started. Habit is what keeps you going
  • #9,408
  • Oct 23, 2015 2:00pm Oct 23, 2015 2:00pm
Quoting lastingwell
The other 2 trades today, EA and GA both buys because I missed the sells this morning as I was out. Both taken because of rejection at pivots along with bullish divergence on both, double bar low higher close on EA and bullish inside bar on GA. +50 on EA, + 100 on GA. Last but not least good angles on the repainting version of the TDI. {image} {image}
Nice trades as always LW

Setups don't get much better than that EA M30 trade... divergence combined with a DBLHC!

I spotted the div on H1 but without breaking core TMS rules that TF was too slow to catch the move...
Focus on the process and the profits will follow
  • #9,409
  • Oct 23, 2015 2:21pm Oct 23, 2015 2:21pm
Quoting efestus
I loss to USDCHF today though it was a small loss but i want an insightful understanding on why the market said otherwise. Thank you all in advance. Regards, Festus {image}
You have got to follow price action first and then TDI. This pair had a narrow range of less than 30 pips prior to your trade so a likelihood of a breakout would seems like a good trade opportunity. You could draw your high and low on it and either trade the breakout ( first green arrow) or a safer trade would be to let the breakout happen and wait for a retest and trade that reaction which would be the second green arrow on my chart.
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Trading can't be taught but it can be learned
  • #9,410
  • Oct 23, 2015 2:41pm Oct 23, 2015 2:41pm
Quoting lastingwell
The other 2 trades today, EA and GA both buys because I missed the sells this morning as I was out. Both taken because of rejection at pivots along with bullish divergence on both, double bar low higher close on EA and bullish inside bar on GA. +50 on EA, + 100 on GA. Last but not least good angles on the repainting version of the TDI. {image} {image}
Hi lastingwell

Thanks for sharing the trades (congrats!) and for all the helpful info.

Could you let me know what your stop losses were on the EA & GA trades. I'm trying to get an understanding of the money management side of the system as well as the R:R & percentage gain per trade.

Thanks.
  • #9,411
  • Oct 23, 2015 6:28pm Oct 23, 2015 6:28pm
Quoting Pipsninja
{quote} You have got to follow price action first and then TDI. This pair had a narrow range of less than 30 pips prior to your trade so a likelihood of a breakout would seems like a good trade opportunity. You could draw your high and low on it and either trade the breakout ( first green arrow) or a safer trade would be to let the breakout happen and wait for a retest and trade that reaction which would be the second green arrow on my chart. {image}

I truly appreciate your response,
I thought a already saw bearish breakout and also divergence in support of the bear.
But looking at trade from your point of view, i must have made a calculative error in identifying the breakout correctly.
I truly your insight once again, I shall note this down.

Regards,
Festus
Motivation is what gets you started. Habit is what keeps you going
  • #9,412
  • Oct 23, 2015 6:34pm Oct 23, 2015 6:34pm
Quoting KFXTrader
{quote} Hi lastingwell Thanks for sharing the trades (congrats!) and for all the helpful info. Could you let me know what your stop losses were on the EA & GA trades. I'm trying to get an understanding of the money management side of the system as well as the R:R & percentage gain per trade. Thanks.
I usually set my initial stop loss at 50 pips or maybe a bit more if needed. I had 50 pip stop loss on both of those, just below the low of the previous candles as if it had gone back below either of those it would have invalidated the setup I'd taken so no point in going any lower than that.
  • #9,413
  • Oct 23, 2015 6:36pm Oct 23, 2015 6:36pm
Quoting Ballistical
{quote} Nice trades as always LW Setups don't get much better than that EA M30 trade... divergence combined with a DBLHC! I spotted the div on H1 but without breaking core TMS rules that TF was too slow to catch the move...
Thanks Ball You've been getting some good trades in lately I see, you're doing well
  • #9,414
  • Oct 23, 2015 9:26pm Oct 23, 2015 9:26pm
UCad M30/H4 D'ster style +150pips [3 trades @ 50:50pips] - gr8 TDI M30 cross - opened window around strong supp zone - a Wyckoff spin - PA made a LL but TDI gave small reward for its trouble - div then formed post trade - this was a classic pullback entry with TF trend
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  • #9,415
  • Oct 23, 2015 9:39pm Oct 23, 2015 9:39pm
Quoting lastingwell
The other 2 trades today, EA and GA both buys because I missed the sells this morning as I was out. Both taken because of rejection at pivots along with bullish divergence on both, double bar low higher close on EA and bullish inside bar on GA. +50 on EA, + 100 on GA. Last but not least good angles on the repainting version of the TDI. {image} {image}
superb trading LW

most traders will learn that the repainting issue is only a problem for backtesting [as you have said] - no problem for me - been using it from start ... as WDays said just pick one and master it [if you dont like it after that you can always swap] ...

Quoting sknight1
{image}
huge greenies SK - hey im getting Tom Cruise plastic surgery
  • #9,416
  • Oct 23, 2015 9:48pm Oct 23, 2015 9:48pm
Quoting griffinssoul
{quote} {quote} huge greenies SK - hey im getting Tom Cruise plastic surgery
You're hysterical.
  • #9,417
  • Oct 23, 2015 9:52pm Oct 23, 2015 9:52pm
Quoting Ballistical
{quote} Nice trades as always LW Setups don't get much better than that EA M30 trade... divergence combined with a DBLHC! I spotted the div on H1 but without breaking core TMS rules that TF was too slow to catch the move...
congrats Bal - what a gr8 score card ... this is the way to trade TMS properly ... following the masters footsteps ... Phx62 ... the gr8'est TMS of all time ... his posts will be studied for ever
  • #9,418
  • Oct 24, 2015 1:01am Oct 24, 2015 1:01am
Quoting efestus
{quote} I truly appreciate your response, I thought a already saw bearish breakout and also divergence in support of the bear. But looking at trade from your point of view, i must have made a calculative error in identifying the breakout correctly. I truly your insight once again, I shall note this down. Regards, Festus
You are welcome. You posted a trade on a 30M TF chart here and then you posted the same trade on TMS thread on H1 TF. Which TF did you take that trade on? There is nothing wrong with taking a trade based on M15, M30, H1, H4, D, W, M. But please post the TF you took the trade based on from now on.
Trading can't be taught but it can be learned
  • #9,419
  • Oct 24, 2015 4:11am Oct 24, 2015 4:11am
Quoting Pipsninja
{quote} You are welcome. You posted a trade on a 30M TF chart here and then you posted the same trade on TMS thread on H1 TF. Which TF did you take that trade on? There is nothing wrong with taking a trade based on M15, M30, H1, H4, D, W, M. But please post the TF you took the trade based on from now on.
Yes you are right,
Trade was taken on M30 in awaiting support on H1.
But to M30, bear had build up, right?
Motivation is what gets you started. Habit is what keeps you going
  • #9,420
  • Edited 5:41am Oct 24, 2015 4:50am | Edited 5:41am
Quoting efestus
{quote} Yes you are right, Trade was taken on M30 in awaiting support on H1. But to M30, bear had build up, right?
I gave you my point of view and so did bunch of other traders on TMS thread. If it makes you fell any better, you were right and the market was wrong
Trading can't be taught but it can be learned
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