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TMS for M30 charts

  • #9,701
  • Oct 31, 2015 11:16pm Oct 31, 2015 11:16pm
Quoting griffinssoul
EU H4/M30 Davit style - locked in around 1K pips @ BE rest is gravy ... have some 50:125.....50:150 and 50:200 left .... green zone is entry window {image}
EU update - Mmmm gravy - 50:150s got hit now just have 2 PT@200pips - will lock in with SL some pips next .... R:R is the most powerful MM for me ...oh, and componding ... watch'n BRN1.1
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  • #9,702
  • Oct 31, 2015 11:31pm Oct 31, 2015 11:31pm
IMO 1 big mistake that i see over & over again is focus on short term - short term is meaningless - the 2 longterm MM that i use is R:R [in trade] and comp [offline] - simple [but powerful] works for me cause everting is random

Inserted Video
  • #9,703
  • Nov 1, 2015 2:28am Nov 1, 2015 2:28am
My lose trade, pls advice. I see devergence + TDI ok
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  • #9,704
  • Nov 1, 2015 3:24am Nov 1, 2015 3:24am
Quoting Davit
{quote} Hi A I use bloomberg, http://www.fxstreet.com/news/ http://uk.reuters.com/ forex factory news mostly Watch PA you'll know the answers of your questions.Market dictates action or none action. USD/CHF is same as EU so not trading it.I don't trade G crosses except GC I basically trade 8 pairs and don't even look at others.Keeps me focused. UC AC GC EG GU EU AU UJ Lots of experienced traders LK GS OM etc trade Crosses and do well.My style of trading does not suit fast ADR pairs.I prefer slower moving pairs. When you see...
Thanks for the information. I will keep eye on every posts and keep educating.
  • #9,705
  • Nov 1, 2015 3:56am Nov 1, 2015 3:56am
Quoting griffinssoul
{quote} EU update - Mmmm gravy - 50:150s got hit now just have 2 PT@200pips - will lock in with SL some pips next .... R:R is the most powerful MM for me ...oh, and componding ... watch'n BRN1.1 {image}
Price was in the channel range. What made you to get into the trade? I could see price was hanging around S61 level and near the bottom of the trend line.
How helpfull the trend lines in TDI are?
What are your check list before taking the trade?

Regards.
  • #9,706
  • Nov 1, 2015 5:03am Nov 1, 2015 5:03am
Quoting longbk
My lose trade, pls advice. I see devergence + TDI ok {image}
From looking at your chart, the divergence wasn't great too many peaks and troughs for my liking and the other thing I see straight away, the Asia low was only about 10 pips away from your entry, couple that with the time of the morning it was taken with only Asia open, I would wait to see what Frankfurt and London wanted to do. If you did take a chance anyway, and put the trade in, once it closed above that pivot I would have taken it out I wouldn't have waited that long to realise it was going to lose. As soon as the trade you've taken is invalidated like that you are best off coming out with a minimum loss.
  • #9,707
  • Edited 7:42am Nov 1, 2015 5:49am | Edited 7:42am
Felt a little under the weather on Friday so I didn't post my trades. I have 2 charts for you. UJ multiple trade positions for +232 pips and the other a M5 scalp trade for +7 pips on EU (7.2 pips to be exact) . Most people would say that the UJ trade is the bigger trade with more profit. Not so fast my fellow traders.

The UJ trade was taken using small lot size and the EU trade was taken using one big lot position ( more than one standard lot). The EU trade earned me more $$$. In trading the number of pips gained is all relative. I enjoy trading a bigger size in my scalping trades and smaller size with multiple entries for my longer term trades.

I just wanted to let you know that when I say, I made +232 pips it doesn't mean that I made $10 per pip. It is up to you to decide which style suits you best. TMS for M30 charts trading system can make you money even if you enter with just one position.
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Trading can't be taught but it can be learned
  • #9,708
  • Nov 1, 2015 6:31am Nov 1, 2015 6:31am
Quoting Pipsninja
Felt a little under the weather on Friday so I didn't post my trades. I have 2 charts for you. UJ multiple trade positions for +232 pips and the other a M5 scalp trade for +7 pips on EU (7.2 pips to be exact) . Most people would say that the UJ trade is the bigger trade with more profit. Not so fast my fellow traders. The UJ trade was taken using small lot size and the EU trade was taken using many standard lots ( more than one standard lot). The EU trade earned me more $$$. In trading the number of pips gained is all relative. I enjoy trading a...
GM PipsN
I know what you are doing and doing it well but hear my thought about big lots small distance.
Had your EU trade went badly it would of wiped out sizable profits from UJ plus other pairs.I mean -10 loss equaling +400 pips gain is not conducive for RR purposes and account gain on solid grounds.
I alternate my lots but always stay within my RR.Anyway feel free to dismiss my comment should it already been well thought out by you
REgards
In trading, you have to be defensive and aggressive at the same time
  • #9,709
  • Nov 1, 2015 6:38am Nov 1, 2015 6:38am
Quoting griffinssoul
IMO 1 big mistake that i see over & over again is focus on short term - short term is meaningless - the 2 longterm MM that i use is R:R [in trade] and comp [offline] - simple [but powerful] works for me cause everting is random https://www.youtube.com/watch?v=XInpsqf5JfQ
Totally agree
I don't take money out my accounts.I have full time job for expenses.Just compounding aggressively now
Regards bro
In trading, you have to be defensive and aggressive at the same time
  • #9,710
  • Edited 7:19am Nov 1, 2015 6:53am | Edited 7:19am
Quoting Davit
{quote} GM PipsN I know what you are doing and doing it well but hear my thought about big lots small distance. Had your EU trade went badly it would of wiped out sizable profits from UJ plus other pairs.I mean -10 loss equaling +400 pips gain is not conducive for RR purposes and account gain on solid grounds. I alternate my lots but always stay within my RR.Anyway feel free to dismiss my comment should it already been well thought out by you REgards
GM Davit, thanks for your post. What you are saying makes perfect sense and my way of scalping isn't newbie friendly. I am comfortable scalping the M5 just as you are comfortable with your way of trading. I don't scalp as much as I used to and am enjoying trading your way.

My charts were for illustration purposes to newbies who see the big pip haul and decide to duplicate your or GS's results by trading their regular size and keep on adding to losing positions hoping that price will turn in their favor. Just wanted to show that pip haul is all relative to trade size. For example, a -400 pip multiple trades= one -10 pip trade= -1.0% of account.
Trading can't be taught but it can be learned
  • #9,711
  • Nov 1, 2015 7:04am Nov 1, 2015 7:04am
Quoting griffinssoul
{quote} EU update - Mmmm gravy - 50:150s got hit now just have 2 PT@200pips - will lock in with SL some pips next .... R:R is the most powerful MM for me ...oh, and componding ... watch'n BRN1.1 {image}
clever. There's so much to learn for me in this post. mind explaining abbreviations please?
  • #9,712
  • Nov 1, 2015 7:12am Nov 1, 2015 7:12am
Quoting Pipsninja
{quote} GM Davit, thanks for your post. What you are saying makes perfect sense and my way of scalping isn't newbie friendly. I am comfortable scalping the M5 just as you are comfortable with your way of trading. I don't scalp as much as I used to and am enjoying trading your way. My charts were for illustration purposes to newbies who see the big pip haul and decide to duplicate your or GS's results by trading their regular size and keep on adding to losing positions hoping that price will turn in their favor. Just wanted to show that...
You are doing good and have real talent.
I agree that pip count could be deceptive as far as % gain.Sometimes I just post % gained instead of pips.On average I make 2-5% from my batches of trades.Last month I took 111trades 83 winners 28 losses DD max 4.5% gain 29.8% basically 30%
That was achieved with small lots with virtually stress free.

Note to others
I don't want to hijack the way LK trades and others TMS30 system traders.I just build positions based on System signals and my signals.
my gains could be your worst nightmares so before you start firing away I very much advise stick with TMS30 strictly.
I've been trading 4years but was gambling 5 years prior in sports until the US government stopped my gambling account.I am just giving you some background that risk taking is something I am comfortable with but it is risky nevertheless so please just trade TMS30! I can't be hold responsible for your actions.
Thank you
In trading, you have to be defensive and aggressive at the same time
  • #9,713
  • Nov 1, 2015 7:18am Nov 1, 2015 7:18am
Quoting Davit
{quote} You are doing good and have real talent. I agree that pip count could be deceptive as far as % gain.Sometimes I just post % gained instead of pips.On average I make 2-5% from my batches of trades.Last month I took 111trades 83 winners 28 losses DD max 4.5% gain 29.8% basically 30% That was achieved with small lots with virtually stress free. Note to others I don't want to hijack the way LK trades and others TMS30 system traders.I just build positions based on System signals and my signals. my gains could be your worst nightmares...
Thanks for the compliment, Davit. There is no doubt in my mind and many other traders that you have added incredible value to this awesome thread. Bravo
Trading can't be taught but it can be learned
  • #9,714
  • Nov 1, 2015 7:39am Nov 1, 2015 7:39am
Quoting mfj
{quote} clever. There's so much to learn for me in this post. mind explaining abbreviations please?
The way I interpret the abbreviations by griffinssoul (GS).

IMO= In my opinion
EU= EURUSD
-50:150= Stoploss (SL) 50 pips: Profit target (PT) 150 pips
MM= Money Management
R:R= Risk to Reward Ratio
BRNs= Big Round Numbers
Trading can't be taught but it can be learned
  • #9,715
  • Nov 1, 2015 8:14am Nov 1, 2015 8:14am
Quoting Davit
{quote} You are doing good and have real talent. I agree that pip count could be deceptive as far as % gain.Sometimes I just post % gained instead of pips.On average I make 2-5% from my batches of trades.Last month I took 111trades 83 winners 28 losses DD max 4.5% gain 29.8% basically 30% That was achieved with small lots with virtually stress free. Note to others I don't want to hijack the way LK trades and others TMS30 system traders.I just build positions based on System signals and my signals. my gains could be your worst nightmares...
IMO : I am not in the same club who blames others for their own action.
I will take this way: There is lot to learn from your chart & post, as it is highlightening the possible adverse effect when people don't do their home work properly.
Thanks for inputs and advise which will enable us to be cautious and trade more sensibly. Please continue ........ the good work.

Regards.
  • #9,716
  • Nov 1, 2015 8:34am Nov 1, 2015 8:34am
Quoting longbk
My lose trade, pls advice. I see devergence + TDI ok {image}
Long,
There was no divergence on my chart (using Pro TDI). What I saw was price making higher high and and hidden divergence formed (continuation signal). I love TDI Pro sooo much
That could be a nightmare to some who traded purely on pin bars. Of course not all divergence set ups work 100% , what we need to do is making sure to cut our SLs small once we realised the signal did not work out or market changed.
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Appreciation is the key to wealth and happiness
  • #9,717
  • Nov 1, 2015 8:49am Nov 1, 2015 8:49am
Quoting Pipsninja
{quote} GM Davit, thanks for your post. What you are saying makes perfect sense and my way of scalping isn't newbie friendly. I am comfortable scalping the M5 just as you are comfortable with your way of trading. I don't scalp as much as I used to and am enjoying trading your way. My charts were for illustration purposes to newbies who see the big pip haul and decide to duplicate your or GS's results by trading their regular size and keep on adding to losing positions hoping that price will turn in their favor. Just wanted to show that...
Thanks for sharing PipsN. I came from that background scalping M5, still having my eyes on it sometimes but I feel more relaxed just looking at M30 and stepping into H4. It took very long time to change my habit but I finally have both hands and feet on it
Appreciation is the key to wealth and happiness
  • #9,718
  • Nov 1, 2015 8:52am Nov 1, 2015 8:52am
Quoting griffinssoul
{quote} EU update - Mmmm gravy - 50:150s got hit now just have 2 PT@200pips - will lock in with SL some pips next .... R:R is the most powerful MM for me ...oh, and componding ... watch'n BRN1.1 {image}
Mega pipping buddy and very inspiring. Congrats. Yeah, love compounding thing

Quoting lastingwell
{quote}From looking at your chart, the divergence wasn't great too many peaks and troughs for my liking and the other thing I see straight away, the Asia low was only about 10 pips away from your entry, couple that with the time of the morning it was taken with only Asia open, I would wait to see what Frankfurt and London wanted to do. If you did take a chance anyway, and put the trade in, once it closed above that pivot I would have taken it out I wouldn't have waited that long to realise it was going to lose. As soon as the trade you've taken...
I missed your post. Great point.
Appreciation is the key to wealth and happiness
  • #9,719
  • Nov 1, 2015 8:55am Nov 1, 2015 8:55am
Quoting likica
{quote} Thanks for sharing PipsN. I came from that background scalping M5, still having my eyes on it sometimes but I feel more relaxed just looking at M30 and stepping into H4. It took very long time to change my habit but I finally have both hands and feet on it
100% agree with you. M5 scalping= more stress= long hours in front of the computer.
Trading can't be taught but it can be learned
  • #9,720
  • Nov 1, 2015 9:02am Nov 1, 2015 9:02am
Quoting omonisha
{quote} Thanks LK. It's a mixer of FA [ Though i don't understand what FA is saying except the last part Bulls or Bear ]+TA. Yes started on H4. Idea was to add as long as it stays above 184.00 area. Later the entry candle become a bar pattern OB and i added every time it pulled back. {image}
great idea for adding...Thanks for sharing OS
Appreciation is the key to wealth and happiness
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