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TMS for M30 charts

  • #10,341
  • Nov 20, 2015 12:35pm Nov 20, 2015 12:35pm
Nice pipping everybody. Here is my GN trade, have a super weekend.
Attached Image (click to enlarge)
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Trading can't be taught but it can be learned
  • #10,342
  • Nov 20, 2015 12:36pm Nov 20, 2015 12:36pm
Quoting Moonie
I took the same setup as yesterday on the EN. I thought it was groundhog day, there was a double bottom at a 500 level with divergence. It went 30 pips up, I moved my stop to BE and it kindly came back down and took me out. I wasn't checking the charts, so there may have been a key level that couldn't be breached. Hopefully more pips next week. {quote}
In the way of your trade was the previous day's low and support which it came back up to test after closing through it. It hit the S61% almost to the pip when it came back up.
  • #10,343
  • Nov 20, 2015 1:55pm Nov 20, 2015 1:55pm
Quoting Pipsninja
Nice pipping everybody. Here is my GN trade, have a super weekend. {image}

Nice shot PN...! I was waiting for that one... got stopped on a couple of bad entries and then fell asleep before NY opened and the next push down actually happened. Bummer. But, there's always next week.
  • #10,344
  • Nov 20, 2015 1:57pm Nov 20, 2015 1:57pm
Quoting likica
{quote} I was busy rearranging my place, didn't have time for trading until now. That were beautiful shots from EN GN. Congrats SK. GN is heading south again...

Thanks Likica. I made a couple more attempts at second short shots on those two pair but, got stopped out because my entries were a little early. Then, I fell asleep before NY opened and missed that next push down. Darn it.

Nice work on all of your trades. What was your total pip count for the day, and the week ? Just curious. I ended somewhere around +300-ish.
  • #10,345
  • Nov 21, 2015 8:13am Nov 21, 2015 8:13am
Quoting Moonie
I actually took the long on the EN from where your bottom trend line starts. You can't notice the divergence on your chart but I noticed it on mine. I will post the chart over the weekend. The Break of Bearish Outside Bar looks interesting, another tool in the TMS toolbox. Well done with your green pips today likica. A good weekend to you too. Moonie. {quote}
Right,

I've just had a chance to analyse my BE trade from yesterday. My picture below shows where I took the entry on the TDI cross and where I noticed the divergence. Looking at the place where it turns around and takes me out for BE, I now notice there is hidden bearish divergence, shown in yellow. There is now a confluence of reasons for a bearish trade: the 1.63000 round number, the hidden divergence and as lastingwell points out, the touching of the S61% fib (need to add this to my platform).

Moonie.

Attached Image (click to enlarge)
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  • #10,346
  • Nov 22, 2015 3:17am Nov 22, 2015 3:17am
Quoting sknight1
{quote} Nice shot PN...! I was waiting for that one... got stopped on a couple of bad entries and then fell asleep before NY opened and the next push down actually happened. Bummer. But, there's always next week.
Thanks sknight1, you are doing fantastic. We are getting some decent moves during US session. Losses are part of trading. If you win 100% of the time, your broker will stop doing business with you. Keep on Pipping
Trading can't be taught but it can be learned
  • #10,347
  • Nov 22, 2015 6:34am Nov 22, 2015 6:34am
Quoting Moonie
{quote} Right, I've just had a chance to analyse my BE trade from yesterday. My picture below shows where I took the entry on the TDI cross and where I noticed the divergence. Looking at the place where it turns around and takes me out for BE, I now notice there is hidden bearish divergence, shown in yellow. There is now a confluence of reasons for a bearish trade: the 1.63000 round number, the hidden divergence and as lastingwell points out, the touching of the S61% fib (need to add this to my platform). Moonie. {image}
Moonie,
It's a good habit to look back to find out the reason of our losses to learn from the mistakes.
Just to be correct for a divergence, in your example for a buy there was no bullish divergence as price had to make lower low while TDI needed to make higher low.
For a hidden divergence (bearish), price had to make lower high and TDI had to have higher high...

Quoting sknight1
{quote} Thanks Likica. I made a couple more attempts at second short shots on those two pair but, got stopped out because my entries were a little early. Then, I fell asleep before NY opened and missed that next push down. Darn it. Nice work on all of your trades. What was your total pip count for the day, and the week ? Just curious. I ended somewhere around +300-ish.
Nice to hear your greenies SK. I had a good day on Friday for 145 green, and a not as good as expected for the week as I missed LO sessions. Should be back to normal routine next week.
Have a good and green week to you all.

Quoting Pipsninja
Nice pipping everybody. Here is my GN trade, have a super weekend. {image}
well managed PipsN
Appreciation is the key to wealth and happiness
  • #10,348
  • Nov 22, 2015 7:35am Nov 22, 2015 7:35am
Thanks likica, Is it not acceptable to have a divergence when one has a higher high and the other has the same high for example, there is still divergence between price and the indicator. Just a thought. Moonie.
Quoting likica
{quote} Moonie, It's a good habit to look back to find out the reason of our losses to learn from the mistakes. Just to be correct for a divergence, in your example for a buy there was no bullish divergence as price had to make lower low while TDI needed to make higher low. For a hidden divergence (bearish), price had to make lower high and TDI had to have higher high... {quote} Nice to hear your greenies...
  • #10,349
  • Nov 22, 2015 7:40am Nov 22, 2015 7:40am
Quoting Moonie
Thanks likica, Is it not acceptable to have a divergence when one has a higher high and the other has the same high for example, there is still divergence between price and the indicator. Just a thought. Moonie. {quote}
I don't know what is called for the set up you mentioned and we are not only trade divergence but TDI + PA @S/R which can be divergence, double tops/bottoms, HL HH, LH LL, pin bars, etc. so I have no comment on such

Quoting Pipsninja
{quote} Thanks sknight1, you are doing fantastic. We are getting some decent moves during US session. Losses are part of trading. If you win 100% of the time, your broker will stop doing business with you. Keep on Pipping
yeah, no need to announce big pips to raise public/ brokers' attentions.
Appreciation is the key to wealth and happiness
  • #10,350
  • Nov 22, 2015 7:56am Nov 22, 2015 7:56am
No problem likica. Many green pips this week.
[quote=likica;8604368]{quote} I don't know what is called for the set up you mentioned and we are not only trade divergence but TDI + PA @S/R which can be divergence, double tops/bottoms, HL HH, LH LL, pin bars, etc. so I have no comment on such {quote} yeah, no need to announce big pips to raise public/ brokers' attentions
  • #10,351
  • Nov 22, 2015 2:58pm Nov 22, 2015 2:58pm
Quoting Pipsninja
{quote} Thanks sknight1, you are doing fantastic. We are getting some decent moves during US session. Losses are part of trading. If you win 100% of the time, your broker will stop doing business with you. Keep on Pipping

Pninja ~ I see the joke that you're making. However, on the more serious side... my personal opinion is that, brokers could care less if a small time trader like me wins 100% of the time (not that that will ever happen). The amount of money that brokers make on spreads / fees / commissions will always outweigh the money that they take off of someone on a losing trade. Again, this is just my opinion from all that I've read / studied.
  • #10,352
  • Nov 22, 2015 3:59pm Nov 22, 2015 3:59pm
Quoting sknight1
{quote} Pninja ~ I see the joke that you're making. However, on the more serious side... my personal opinion is that, brokers could care less if a small time trader like me wins 100% of the time (not that that will ever happen). The amount of money that brokers make on spreads / fees / commissions will always outweigh the money that they take off of someone on a losing trade. Again, this is just my opinion from all that I've read / studied.
As long as you are trading with a reputable broker, you will be fine. If the broker is taking the other side of your trades then not so fine. End of my broker rant.
Trading can't be taught but it can be learned
  • #10,353
  • Nov 22, 2015 4:09pm Nov 22, 2015 4:09pm
Quoting Pipsninja
{quote} As long as you are trading with a reputable broker, you will be fine. If the broker is taking the other side of your trades then not so fine. End of my broker rant.
Agreed... I work with a broker who claims to be an ECN broker. But, one never really knows what goes on behind the scenes. Best we can do is choose wisely after due diligence. But, I still think about the fees / commissions that go along with "big money traders", which is why I have the opinion that fees / commissions is where brokers make the majority of their money. Imagine the thousands of traders who make 30-50 lot trades and then calculate the fees / commissions on those positions.... that's a ton of money for the brokers, even if they never took the opposite side of a trade.

I don't rant about brokers. I just do my best to trade "in spite" of them.
  • #10,354
  • Nov 23, 2015 4:09am Nov 23, 2015 4:09am
I am liking the AU long trading this week, dollar weakness, short covering, risk appetite and RBA speak

So will be looking for set ups long and short on EA and GA
  • #10,355
  • Nov 23, 2015 5:13am Nov 23, 2015 5:13am
Quoting josh11
I am liking the AU long trading this week, dollar weakness, short covering, risk appetite and RBA speak So will be looking for set ups long and short on EA and GA
Thanks for the heads up of FA Josh, TA agrees with FA, not much happening on Mon...
Appreciation is the key to wealth and happiness
  • #10,356
  • Nov 23, 2015 5:15am Nov 23, 2015 5:15am
Hi guys,

Regular reader of this thread. Some great traders in here.

Here is two trades I took. USDJPY Long and NZDUSD Short.

What do you think about these trades? Ofc they are negatively correlated through USD.

Best,
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  • #10,357
  • Nov 23, 2015 5:16am Nov 23, 2015 5:16am
Short GA after seeing hidden divergence and a rejection of the the pivot and the 2.11500 level.

Moonie.

Attached Image (click to enlarge)
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  • #10,358
  • Nov 23, 2015 5:34am Nov 23, 2015 5:34am
Quoting tibovwh
Hi guys, Regular reader of this thread. Some great traders in here. Here is two trades I took. USDJPY Long and NZDUSD Short. What do you think about these trades? Ofc they are negatively correlated through USD. Best, {image} {image}
Hi Tib,
my view on UJ is short (bearish hidden divergence)but it's facing 200ma so no trade. NU is bearish too, however since it has so many red APBs, so we might see retracement
Appreciation is the key to wealth and happiness
  • #10,359
  • Nov 23, 2015 5:36am Nov 23, 2015 5:36am
Quoting Moonie
Short GA after seeing hidden divergence and a rejection of the the pivot and the 2.11500 level. Moonie. {image}
.
EA has potential for a short too...
Appreciation is the key to wealth and happiness
  • #10,360
  • Nov 23, 2015 5:37am Nov 23, 2015 5:37am
Quoting Moonie
Short GA after seeing hidden divergence and a rejection of the the pivot and the 2.11500 level. Moonie. {image}
Nice, I am in this trade too mate
waiting for EA to set up too
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