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TMS for M30 charts

  • #10,361
  • Nov 23, 2015 3:57am Nov 23, 2015 3:57am
Quoting josh11
{quote} Nice, I am in this trade too mate waiting for EA to set up too
Good luck Josh. I've banked 50 pips from the GA. Not going to look for any fresh setup's until the US open just in case there is a reversal.
  • #10,362
  • Nov 23, 2015 4:02am Nov 23, 2015 4:02am
Went short on GN the first time and got almost -10.0 pips, went short a second time +61.0 pips. What gave me the confidence to short again on a such bullish candle? H4 chart, yellow zone, 200 EMA, divergence plus RN 2.3300.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPNZDcsfxM30.png Size: 37 KB
Click to Enlarge Name: GBPNZDcsfxH4.png Size: 47 KB
Trading can't be taught but it can be learned
  • #10,363
  • Nov 23, 2015 4:03am Nov 23, 2015 4:03am
Quoting Moonie
{quote} Good luck Josh. I've banked 50 pips from the GA. Not going to look for any fresh setup's until the US open just in case there is a reversal.
Cheers mate, targeting 100 pips for me as fundi are in line with TA

Well done on your profit
  • #10,364
  • Nov 23, 2015 4:05am Nov 23, 2015 4:05am
Quoting Pipsninja
Went short on GN the first time and got almost -10.0 pips, went short a second time +61.0 pips. What gave me the confidence to short again on a such bullish candle? H4 chart, yellow zone, 200 EMA, divergence plus RN 2.3300. {image} {image}
Nice trading
  • #10,365
  • Nov 23, 2015 4:38am Nov 23, 2015 4:38am
nice pipping Moonie PipsNinja and Josh. NU follows AU to the North
Appreciation is the key to wealth and happiness
  • #10,366
  • Nov 23, 2015 4:57am Nov 23, 2015 4:57am
Quoting likica
nice pipping Moonie PipsNinja and Josh. NU follows AU to the North
We divergence.
  • #10,367
  • Nov 23, 2015 5:00am Nov 23, 2015 5:00am
Eu look like we could see a double top at DOL with Divergence
will wait for confirmation

Not confirmed
  • #10,368
  • Nov 23, 2015 8:03am Nov 23, 2015 8:03am
Hi folks,

Here's a trade I took on GBPJPY.

Went short away from DOL, WOL, EMA's on a break below 186.5

Trade consolidated for a while and I exited few bars after (green vertical line). Turns out I sold at the high and trade went nicely towards my target of Prev W1 Low near the end of London.

What do you think about this trade? Was it a good entry? Did I exit premature? Or would you have exited also and is the rest unimportant?

Best
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafdruk 2015-11-23 18.01.15.png Size: 82 KB
  • #10,369
  • Nov 23, 2015 8:14am Nov 23, 2015 8:14am
Just taken GA short after spotting hidden bearish divergence.

Attached Image (click to enlarge)
Click to Enlarge Name: GA_M30_Moonie.png Size: 109 KB
  • #10,370
  • Nov 23, 2015 8:59am Nov 23, 2015 8:59am
Quoting tibovwh
Hi folks, Here's a trade I took on GBPJPY. Went short away from DOL, WOL, EMA's on a break below 186.5 Trade consolidated for a while and I exited few bars after (green vertical line). Turns out I sold at the high and trade went nicely towards my target of Prev W1 Low near the end of London. What do you think about this trade? Was it a good entry? Did I exit premature? Or would you have exited also and is the rest unimportant? Best {image}

I got +50
Attached Image (click to enlarge)
Click to Enlarge Name: GJ 23-11.png Size: 65 KB
  • #10,371
  • Nov 23, 2015 9:23am Nov 23, 2015 9:23am
Quoting josh11
{quote} I got +50 {image}


Your entry was slightly better than mine! But I need to have some more patience
  • #10,372
  • Nov 23, 2015 9:27am Nov 23, 2015 9:27am
Quoting tibovwh
{quote} Your entry was slightly better than mine! But I need to have some more patience
Did you only take 5pips?

What was your risk on this trade? or SL?
  • #10,373
  • Nov 23, 2015 9:37am Nov 23, 2015 9:37am
Quoting josh11
{quote} Did you only take 5pips? What was your risk on this trade? or SL?
My SL was around 186.70 but I closed manually when it traded back above the weekly open line. So I took -10 pips
  • #10,374
  • Nov 23, 2015 9:41am Nov 23, 2015 9:41am
I would highly recommend reading all of Likica posts and you will find that most time she aims for at less 50 pips TP

You can also manually back test and to find out how much each pair will give on average per move

Sorry for your loss.
  • #10,375
  • Nov 23, 2015 9:51am Nov 23, 2015 9:51am
Quoting josh11
Sorry for your loss.
Well... thank you. Fortunatly nobody died
  • #10,376
  • Edited 11:25am Nov 23, 2015 10:10am | Edited 11:25am
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
GA +100 pips, Hit pivot, hidden divergence and made a LH, held for 100 pips because I expected it to drop fundamentally

Missed my tp earlier by a few pips! Finally got there

I am also short EA and long AU GL

Took 21 pips on EA and 12 pips on AU done for today
Attached Image (click to enlarge)
Click to Enlarge Name: GA-23-11.png Size: 64 KB
  • #10,377
  • Edited 11:28am Nov 23, 2015 10:41am | Edited 11:28am
Nice pipping josh11 and everybody. Here is a hit me baby one more time trade on GN.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDcsfxM30.png Size: 41 KB
Trading can't be taught but it can be learned
  • #10,378
  • Nov 23, 2015 11:57am Nov 23, 2015 11:57am
So what was the high impact Fed announcement about ??? It's on the FF calendar but, I can't find any related article... nor did it effect PA very much.

  • #10,379
  • Nov 23, 2015 12:00pm Nov 23, 2015 12:00pm
Quoting Pipsninja
Nice pipping josh11 and everybody. Here is a hit me baby one more time trade on GN. {image}
Thanks mate, you too
  • #10,380
  • Nov 23, 2015 11:06pm Nov 23, 2015 11:06pm
Quoting Meihk
{quote} Hi Griffinssoul, I also trade patterns with fibs, but not too confident with it. I didn't know you could play the patterns this way and for that I thank you for the enlightenment. Congratulations on the 500+ pages! You guys are doing good with this thread. Thank you, Meihk
you are welcome Meihk ... its a game of chess [look up Davit's posts ] ... Kasparov knew the computer had all the historical data [patterns] of his matches and more so he radically departed from his game play ... its kind of what MMs do but the longer term game play remains the same
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