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TMS for M30 charts

  • #9,601
  • Oct 29, 2015 8:48am Oct 29, 2015 8:48am
Quoting Pipsninja
GJ Long position, +303 pips. Thanks to GS and Davit for the inspiration. Points to keep in mind. 1.) This is not just some random trading, once you decide to enter a trade you do so with a reduced size, one position at a time. 2.) There is a limit to how many positions are opened and is account percentage based. 3.) There is a hard SL and that is based on account percentage as well. Once it is reached all trades are closed. 4.) Once in profit, positions in greatest profit get their SL moved to BE to preserve capital. {image}
Beautiful job! Its remarkable actually!
In trading, you have to be defensive and aggressive at the same time
  • #9,602
  • Oct 29, 2015 8:56am Oct 29, 2015 8:56am
Quoting Pipsninja
GJ Long position, +303 pips. Thanks to GS and Davit for the inspiration. Points to keep in mind. 1.) This is not just some random trading, once you decide to enter a trade you do so with reduced size, one position at a time. 2.) There is a limit to how many positions are opened and is account percentage based. 3.) There is a hard SL and that is based on account percentage as well. Once it is reached all trades are closed. 4.) Once in profit, positions in greatest profit get their SL moved to BE to preserve capital. {image}
very well managed
Appreciation is the key to wealth and happiness
  • #9,603
  • Oct 29, 2015 8:59am Oct 29, 2015 8:59am
Quoting Pipsninja
GJ Long position, +303 pips. Thanks to GS and Davit for the inspiration. Points to keep in mind. 1.) This is not just some random trading, once you decide to enter a trade you do so with reduced size, one position at a time. 2.) There is a limit to how many positions are opened and is account percentage based. 3.) There is a hard SL and that is based on account percentage as well. Once it is reached all trades are closed. 4.) Once in profit, positions in greatest profit get their SL moved to BE to preserve capital. {image}
Very nice trading Pipsninja i am on this too
Sad i'm not trying to understand PA
  • #9,604
  • Oct 29, 2015 8:59am Oct 29, 2015 8:59am
Quoting Pipsninja
GJ Long position, +303 pips. Thanks to GS and Davit for the inspiration. Points to keep in mind. 1.) This is not just some random trading, once you decide to enter a trade you do so with reduced size, one position at a time. 2.) There is a limit to how many positions are opened and is account percentage based. 3.) There is a hard SL and that is based on account percentage as well. Once it is reached all trades are closed. 4.) Once in profit, positions in greatest profit get their SL moved to BE to preserve capital. {image}
nice trade pipsninja, good job!
  • #9,605
  • Oct 29, 2015 9:15am Oct 29, 2015 9:15am
Just some post Feds analyses

“Today’s Fed statement further confirmed that the FOMC’s finger is on the rate hike trigger. A major change in the FOMC statement included the following: ‘In determining whether it will be appropriate to raise the target range at its next meeting, the committee will assess progress–both realized and expected–toward its objectives of maximum employment and 2% inflation.’ In other words, the Fed is seriously considering a rate hike at its December 2015 meeting, although this statement also implies that the Fed will remain economic data-dependent.” –Jason Schenker, Prestige Economics
“The FOMC statement shows the Fed has become less concerned about global risks feeding back into the U.S. economy….In short, then, the December hike now hinges on the next two employment reports. Some combination of payrolls, unemployment and wages signaling continued improvement will be enough. We’re leaving December as our base case, though it is by no means a done deal.” –Ian Shepherdson, Pantheon Macroeconomics

Excellent comments
So could USD drop seriously before DEC Feds meeting? Yes any weak employment,wage data could send it down hard
In trading, you have to be defensive and aggressive at the same time
  • #9,606
  • Edited 4:32pm Oct 29, 2015 9:17am | Edited 4:32pm
Quoting Davit
{quote} Beautiful job! Its remarkable actually!
Thanks mate, your guidance was paramount since at first I was resistant to your way of trading.

A little about me, I found success in scalping the M5 charts which you can check my trades on a different thread. I would trade for up to 12 hours a day with a few 30 minute breaks here and there. I would use a 8-15 pip stop and make +pips every week but then I started to get exhausted having to make decisions every 5 minutes and the long trading hours.

I became interested in this thread and started to trade the 30M with success but the 50-70 pips SL was rather too much for me even with a reduced trade size coming from a 8-15 pip SL mentality. At times trades went almost 40 pips or more against me and then reached my TP. I started to look for something that fit me best and the way Davit and GS trade with breaking the entries into smaller pieces appealed to me. I still scalp the M5 once in a while for fun. You got to find a trading style that fits you best.

I also want to thank likica for her sharing and allowing different methods of trade management to be discussed here . I also received a ton of benefit by studying Davit, griffinssoul, lastingwell, omonisha, TheScorpS, sknight1, Big E, Phx62, emmanuel7788, LE1, X-Man and many other great traders charts. Learning in this business never stops.
Trading can't be taught but it can be learned
  • #9,607
  • Oct 29, 2015 9:18am Oct 29, 2015 9:18am
UC dropping fast...
In trading, you have to be defensive and aggressive at the same time
  • #9,608
  • Oct 29, 2015 9:23am Oct 29, 2015 9:23am
Thanks likica, Meihk and omonisha. Great job omonisha in staying in GJ trade, she is still rocketing up. I wouldn't be too surprised if GS later on posts a 1000+ pips trade on this pair because he is cool like that.
Trading can't be taught but it can be learned
  • #9,609
  • Oct 29, 2015 9:23am Oct 29, 2015 9:23am
Quoting Pipsninja
{quote} Thanks mate, your guidance was paramount since at first I was resistant to your way of trading. A little about me, I found success in scalping the M5 charts which you can check my trades on a different thread. I would trade for up to 12 hours a day with a few 30 minute breaks here and there. I would use a 8-15 pip stop and could average 200-250 pips per week but then I started to get exhausted having to make decisions every 5 minutes and the long trading hours. I became interested in this thread and started to trade the 30M with success...
You got the "juice"
Now if you start building positions based on legit TMS30 signal you will have tremendous EDGE.Its about the EDGE and MM
Green pips
In trading, you have to be defensive and aggressive at the same time
  • #9,610
  • Oct 29, 2015 10:08am Oct 29, 2015 10:08am
2 shot today
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 22 KB
Click to Enlarge Name: Screenshot2.png Size: 23 KB
  • #9,611
  • Oct 29, 2015 10:27am Oct 29, 2015 10:27am
GN going north.It's too hot here +35. No more trades for today
Bonus,one stupid mistake. -50
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPNZDM30.png Size: 64 KB
Click to Enlarge Name: GBPNZDM301.png Size: 37 KB
Click to Enlarge Name: EURNZDM30.png Size: 72 KB
Trade with 60
  • #9,612
  • Oct 29, 2015 10:35am Oct 29, 2015 10:35am
Quoting longbk
2 shot today {image} {image}
beautiful shots
Appreciation is the key to wealth and happiness
  • #9,613
  • Oct 29, 2015 10:37am Oct 29, 2015 10:37am
GN trades 2 way street
Attached Image (click to enlarge)
Click to Enlarge Name: 29.10.15 GN trades ++.png Size: 60 KB
Appreciation is the key to wealth and happiness
  • #9,614
  • Oct 29, 2015 11:28am Oct 29, 2015 11:28am
Davit,

What is you call on EURGBP? Are you still checking on S61 levels. I am thinking of going long. It looks like the day will end with double bottom on D1.

1) When you analyse the Fib level, which chart you check first?
2) Do you do Top Down approch?
3) What makes you to stay in the trade even after price is aganist you?
4) What makes you to stay in the trade after Price reaches S38 level suppose you take the EG trade at S61 level?

Thanks.
  • #9,615
  • Oct 29, 2015 11:46am Oct 29, 2015 11:46am
Quoting ababias
Davit, What is you call on EURGBP? Are you still checking on S61 levels. I am thinking of going long. It looks like the day will end with double bottom on D1. 1) When you analyse the Fib level, which chart you check first? 2) Do you do Top Down approch? 3) What makes you to stay in the trade even after price is aganist you? 4) What makes you to stay in the trade after Price reaches S38 level suppose you take the EG trade at S61 level? Thanks.
Hi Ababias
Here we go
Same on H4 and D1
That's why I said I am interesting going long below 38S and ideally close to 61 and will build positions up to 100

I stay on the trade as long as my SL $$ is not spent.
$500
divide 1 lot into 4 mini lots which will give you 2000pip distance.Place orders as you see fit.As long as your 2k pip is not expired you are good in the trade.Not suggesting you do what I do but that's how I trade.Its my way of avoiding random spikes that happen every day and forcing me to see the greater TF potentials.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH1.png Size: 31 KB
In trading, you have to be defensive and aggressive at the same time
  • #9,616
  • Oct 29, 2015 12:33pm Oct 29, 2015 12:33pm
Quoting likica
GN trades 2 way street {image}
Hi likica about your trade long
your initial stop loss is 50/60 pip no problem.
But an info about money management?
you have reached a gain +45/48 pis near your target (50)
and the market made a pull back below you price entry ( +/- 10 pips) and restart up
you don't use a Break even to protect?? oro you use set and forget stop loss and target exit?
thanks!!
Attached Image (click to enlarge)
Click to Enlarge Name: info.png Size: 129 KB
  • #9,617
  • Oct 29, 2015 12:56pm Oct 29, 2015 12:56pm
Quoting pinux76
{quote} Hi likica about your trade long your initial stop loss is 50/60 pip no problem. But an info about money management? you have reached a gain +45/48 pis near your target (50) and the market made a pull back below you price entry ( +/- 10 pips) and restart up you don't use a Break even to protect?? oro you use set and forget stop loss and target exit? thanks!! {image}
I think when I've read her posts, Likica doesn't set a break even, she comes out if it closes below the 10ma (I think) or closes a different colour but I'm sure when she comes back she will confirm if thats the case. Her stop loss is still in its original place in the pic.
  • #9,618
  • Oct 29, 2015 1:47pm Oct 29, 2015 1:47pm
Guys and gals im new here been studying everyones charts and will hopefully join in next week with some of my own charts. All help and advise will be much appreciated.
  • #9,619
  • Oct 29, 2015 4:59pm Oct 29, 2015 4:59pm
Quoting yorkshirelad
Guys and gals im new here been studying everyones charts and will hopefully join in next week with some of my own charts. All help and advise will be much appreciated.
Hi and welcome I wish you a lot of green pips
Trade with 60
  • #9,620
  • Oct 29, 2015 5:10pm Oct 29, 2015 5:10pm
Quoting kumetto
{quote} Hi and welcome I wish you a lot of green pips
Thanks kumetto
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