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TMS for M30 charts

  • #9,421
  • Oct 24, 2015 5:56am Oct 24, 2015 5:56am
GM guys
To me any adversary is opertunity to buy/sell at discounts.Since Thurs ECB meeting spiral fall of Euro brought everything down as well.
Feds are less likely to raise IR next week hence everything most likely will bounce back after Feds meeting.
That means buying AU UJ UC NU GU at great prices.
Anyway That's my outlook
In trading, you have to be defensive and aggressive at the same time
  • #9,422
  • Oct 24, 2015 6:03am Oct 24, 2015 6:03am
Leading up to Weds 28th Feds day
Prices may continue to drop hence don't automatically buy or sell.
Some key areas I highlighted
AU 7170 61S
71 S100

Precision of this indi is remarkable...
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #9,423
  • Oct 24, 2015 6:09am Oct 24, 2015 6:09am
EG
I think she has more room to drop but I'll be a buyer only.I don't like to sell at extreme bottoms.Think of coiled energy it can spring back unexpectedly any time.
If 7180 falls I'll be buying at 7087 most likely
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #9,424
  • Oct 24, 2015 6:12am Oct 24, 2015 6:12am
NU held itself remarkably well considering destruction of other pairs which leads me to believe she has more room to drop by weds
Key area to me 38S at 6663
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #9,425
  • Oct 24, 2015 6:16am Oct 24, 2015 6:16am
Got heavy positions on UC AC UJ
UC price stopped exactly at 100R
WE will see USD weakening after Weds could be even harder fall because of ECB and Chinese IR cuts.In basic form FEds can't raise IR while others are cutting.Risk is USD getting too strong killing any growth then spiraling back to recession.
Feds know that as Sanders says in his speeches real unemployment in US is around 10% not officially published BS number.They know our economy is not as rosy as what doctored numbers show.Funny part once you stopped getting unemployment benefits you are not being counted as unemployed anymore!!! hence BS number at present.
In trading, you have to be defensive and aggressive at the same time
  • #9,426
  • Oct 24, 2015 6:33am Oct 24, 2015 6:33am
Quoting Pipsninja
{quote} 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
you are an interesting fella.
Motivation is what gets you started. Habit is what keeps you going
  • #9,427
  • Oct 24, 2015 9:06am Oct 24, 2015 9:06am
Hi Davit! What is your analysis about GU H4 especially S38 zone, as the D chart is also bearish?
Regards
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Winners Never Quit, Quitters Never Win
  • #9,428
  • Oct 24, 2015 9:26am Oct 24, 2015 9:26am
Hello, wondering if any of u guys have idea about AUD/USD?

I think there is gonna be tradable opp. Its a triangle compressing towards 0,720xx (chart 1). Break under would be short opp to lows 0,690xx.

If the break does not occur and the triangle is broken to the upside - we go for 0,738xx and max. 0,753 (chart 2)

If the break comes in MO/TUE its opp to preposition for potentionally hawkish FED (followed by GDP +PCE) and dovish RBA (watch next week inflation in Aus.) - cuz this pair has fundamentally further space to go lower (chart 3) - next perfect confluence is 0,675xx.
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  • #9,429
  • Oct 24, 2015 10:48am Oct 24, 2015 10:48am
Quoting hsn100
Hi Davit! What is your analysis about GU H4 especially S38 zone, as the D chart is also bearish? Regards {image}
Hi H
Between Mon to Weds Feds downward pressure could continue but Pound is strong not expecting too much drop.
Watch that S38
Don't buy yet.
In trading, you have to be defensive and aggressive at the same time
  • #9,430
  • Oct 24, 2015 10:53am Oct 24, 2015 10:53am
Quoting chester123
Hello, wondering if any of u guys have idea about AUD/USD? I think there is gonna be tradable opp. Its a triangle compressing towards 0,720xx (chart 1). Break under would be short opp to lows 0,690xx. If the break does not occur and the triangle is broken to the upside - we go for 0,738xx and max. 0,753 (chart 2) If the break comes in MO/TUE its opp to preposition for potentionally hawkish FED (followed by GDP +PCE) and dovish RBA (watch next week inflation in Aus.) - cuz this pair has fundamentally further space to go lower (chart 3) - next perfect...
I think Feds know where oil,dollar is and will tailor their speeches to suit.They don't want oil below 40 (thousands will lose their jobs in oil,manufacturing and related fields) and dollar is already too strong sending it higher will hurt the exports and trade in general.
I think oil is crucial.Anyway I anticipate less aggressive FEds and more dovish and accommodating in light of ECB and Chinese IR cut.
AU may dive between Mon-Weds but not expecting huge drop.
In trading, you have to be defensive and aggressive at the same time
  • #9,431
  • Oct 24, 2015 2:34pm Oct 24, 2015 2:34pm
Quoting likica
AU divergence +TDI, I left the party too early {image}
Hi Likica,

It looks like you're playing divergence mostly. The problem I have with CT is how do you know whether that Divergence will play out or not? As sometimes there will be a 2nd stop hunt before the divergence plays out. How do you decided to cut loss or hold on (or do you just have an sl and respect it?). I'll show you an example below, if I took a long at the Green arrow I put where all the conditions are great imo; but it then LL before actually heading upwards.

Do you look at yesterday's daily candle too before you make your decision? For example yesterday's daily closed as a BEEB and so do you then decide to find a better setup? Thanks in advance.
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  • #9,432
  • Oct 24, 2015 2:55pm Oct 24, 2015 2:55pm
Quoting likica
I broke my rules today when entering short around overbought area.... lucky duck I m home safe at the end. I posted it to warn other not to do it {image}
So for example in this one, after your first entry the trade went against you and you entered a 2nd trade. The trade then drawdown roughly 80 pips per position, and then you added another 2 positions. How did you know that the Divergence will play out? I guess the better question is, what trade management methods do you employ to get yourself out of Fake divergence trades and how do you determine that it's time to admit you're wrong?
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  • #9,433
  • Oct 24, 2015 3:35pm Oct 24, 2015 3:35pm
Quoting griffinssoul
{quote} 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
Thanks GS! No doubt about it... His concepts and material have transformed the trading of so many... best stuff I've found on the net hands down!!
Focus on the process and the profits will follow
  • #9,434
  • Oct 24, 2015 11:18pm Oct 24, 2015 11:18pm
Quoting Shadownet
{quote} Hi Likica, It looks like you're playing divergence mostly. The problem I have with CT is how do you know whether that Divergence will play out or not? As sometimes there will be a 2nd stop hunt before the divergence plays out. How do you decided to cut loss or hold on (or do you just have an sl and respect it?). I'll show you an example below, if I took a long at the Green arrow I put where all the conditions are great imo; but it then LL before actually heading upwards. Do you look at yesterday's daily candle...
good questions Shadownet - first you cant focus only on div - you will get smashed like open chin in the way of Mike Tyson's upper-cut

i dont agree that it was a gr8 signal - see my chart why - plenty of reasons to watch&wait ... also if you check the H4 TF you will see the 'Lastingwell kink' & following LKs rules cross was >32 - so on -
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  • #9,435
  • Oct 25, 2015 12:53am Oct 25, 2015 12:53am
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 representation of TMS, I remember reading in Phx62 books that one needs to be a sniper not a machine gun , picking A+++ setup is what matter with TMS

Well done
I Have Learned to Take Some Losses to Make Profits
  • #9,436
  • Oct 25, 2015 2:14am Oct 25, 2015 2:14am
Quoting Davit
{quote} Hi H Between Mon to Weds Feds downward pressure could continue but Pound is strong not expecting too much drop. Watch that S38 Don't buy yet.
Thnx a lot!
Winners Never Quit, Quitters Never Win
  • #9,437
  • Oct 25, 2015 5:43am Oct 25, 2015 5:43am
Quoting lastingwell
{quote}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.
Great, thanks!
  • #9,438
  • Oct 25, 2015 9:40am Oct 25, 2015 9:40am
Quoting Davit
NU held itself remarkably well considering destruction of other pairs which leads me to believe she has more room to drop by weds Key area to me 38S at 6663 {image}
Hi Davit,

can you please share the indicator you use to display the Fibo levels.

tks
PM
  • #9,439
  • Oct 25, 2015 9:50am Oct 25, 2015 9:50am
Quoting pm.fx
{quote} Hi Davit, can you please share the indicator you use to display the Fibo levels. tks
sure
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #9,440
  • Oct 25, 2015 11:07am Oct 25, 2015 11:07am
Quoting griffinssoul
{quote} good questions Shadownet - first you cant focus only on div - you will get smashed like open chin in the way of Mike Tyson's upper-cut i dont agree that it was a gr8 signal - see my chart why - plenty of reasons to watch&wait ... also if you check the H4 TF you will see the 'Lastingwell kink' & following LKs rules cross was >32 - so on - {image}
Thanks for the reply GS. I like how you really express yourself in your answers with all the emojis . Sounds like you're having a great weekend.
If I could just to clarify with regards to PA in the example I gave, you don't take trades that are smallies and then a green BUEB? Or was it simply of that strong D1 Res in the way.

I may have miss this from the thread on Lastingwell's Kink. Does it only apply on H4 TF? Are TDI Div bouncing off 32 better than it bouncing off 25 for a long scenario? Cheers.
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