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TMS for M30 charts

  • #10,461
  • Nov 30, 2015 4:43am Nov 30, 2015 4:43am
Failed bullish hidden divergence at 500 round number on EN. 50 pip SL hit



Attached Image (click to enlarge)
Click to Enlarge Name: EN_M30_Moonie.PNG Size: 82 KB
  • #10,462
  • Nov 30, 2015 4:53am Nov 30, 2015 4:53am
Dollar. One more push up, and probably correction.
Attached Image
  • #10,463
  • Nov 30, 2015 5:08am Nov 30, 2015 5:08am
Quoting Moonie
Failed bullish hidden divergence at 500 round number on EN. 50 pip SL hit {image}
do you know why you failed?
the cautious seldom err....C
  • #10,464
  • Nov 30, 2015 5:09am Nov 30, 2015 5:09am
I am a latecomer, and it will probably take a lifetime to charge through the previous posts. Can some senior member please give me the highlights on how this trading strategy really works?
  • #10,465
  • Nov 30, 2015 5:20am Nov 30, 2015 5:20am
Think it might have been something to do with the negative German Retail Sales released this morning.

Quoting pips29
{quote} do you know why you failed?
released this morning..
  • #10,466
  • Nov 30, 2015 5:20am Nov 30, 2015 5:20am
Quoting Moonie
Failed bullish hidden divergence at 500 round number on EN. 50 pip SL hit {image}
APB & TDI did not agree with your long
Attached Image (click to enlarge)
Click to Enlarge Name: 30.11.15 EN M30 (bearish).png Size: 80 KB
Appreciation is the key to wealth and happiness
  • #10,467
  • Nov 30, 2015 5:52am Nov 30, 2015 5:52am
That looks like a better divergence setup Likica. I don't/can't trade the Asian session as I'm sleeping and its usually quiet.

Do you use an APB indicator, or do you wait to see what happens after a divergence?

Thanks

Moonie.


Quoting likica
{quote} APB & TDI did not agree with your long {image}
  • #10,468
  • Edited 6:12am Nov 30, 2015 6:01am | Edited 6:12am
Quoting Moonie
That looks like a better divergence setup Likica. I don't/can't trade the Asian session as I'm sleeping and its usually quiet. Do you use an APB indicator, or do you wait to see what happens after a divergence? Thanks Moonie. {quote}
I usually don't trade Asian now a day.
When spotting a divergence/hidden divergence, we must answer these questions:
Was TDI@ overbought or oversold? no trade if it was. And,
Was there bearish APB to tell that sellers were in?
look left to see how price behaved recently? basic fx and all that.
Appreciation is the key to wealth and happiness
  • #10,469
  • Nov 30, 2015 8:11am Nov 30, 2015 8:11am
Some would bag nice greenies from UCAD, I chose ECAD short taken from H4,
Attached Image (click to enlarge)
Click to Enlarge Name: 30.11.15 ECAD H4 HD +50.png Size: 131 KB
Appreciation is the key to wealth and happiness
  • #10,470
  • Nov 30, 2015 8:14am Nov 30, 2015 8:14am
Hi likica,

I have now setup the Synergy Pro system and have read through the pdf. In one of your earlier posts, you explain how to add the ATR to the TDI and change the colour to 'none'. Please can you explain how this benefits the system.

I have included a screenshot below of my new setup.

Cheers

Moonie.

Attached Image (click to enlarge)
Click to Enlarge Name: Synergy Pro setup.PNG Size: 76 KB



Quoting likica
{quote} I usually don't trade Asian now a day. When spotting a divergence/hidden divergence, we must answer these questions: Was TDI@ overbought or oversold? no trade if it was. And, Was there bearish APB to tell that sellers were in? look left to see how price behaved recently? basic fx and all that.
  • #10,471
  • Nov 30, 2015 7:17pm Nov 30, 2015 7:17pm
Quoting Moonie
Hi likica, I have now setup the Synergy Pro system and have read through the pdf. In one of your earlier posts, you explain how to add the ATR to the TDI and change the colour to 'none'. Please can you explain how this benefits the system. I have included a screenshot below of my new setup. Cheers Moonie. {image} {quote}
Moonie can you plz mention the post number in which about the ATR how we can use, thanks
  • #10,472
  • Nov 30, 2015 7:25pm Nov 30, 2015 7:25pm
Quoting alyssum
{quote} Moonie can you plz mention the post number in which about the ATR how we can use, thanks

Note that ATR is one of methods I use for profit taking, I often look at H4 ATR, for example GA currently has ATR(7)0.0070 on H4, which I set my PT is 70pips (if there s a signal on M30 with the trend)
Appreciation is the key to wealth and happiness
  • #10,473
  • Nov 30, 2015 8:42pm Nov 30, 2015 8:42pm
Quoting likica
{quote} Note that ATR is one of methods I use for profit taking, I often look at H4 ATR, for example GA currently has ATR(7)0.0070 on H4, which I set my PT is 70pips (if there s a signal on M30 with the trend)
Likica ,Tp in which specific direction, or if we get signal either in buy or sell, both for tp is 70 pips, one more thing ATR value check only at H4 or we can check in other TF ? thanks
  • #10,474
  • Nov 30, 2015 9:00pm Nov 30, 2015 9:00pm
Quoting alyssum
{quote} Likica ,Tp in which specific direction, or if we get signal either in buy or sell, both for tp is 70 pips, one more thing ATR value check only at H4 or we can check in other TF ? thanks
Alyssum,
The answer was already given:
"Note that ATR is one of methods I use for profit taking, I often look at H4 ATR, for example GA currently has ATR(7)0.0070 on H4, which I set my PT is 70pips (if there s a signal on M30 with the trend)"

If you want to know more, pls do research yourself as I don't know.
Appreciation is the key to wealth and happiness
  • #10,475
  • Nov 30, 2015 9:39pm Nov 30, 2015 9:39pm
Quoting likica
{quote} Alyssum, The answer was already given: "Note that ATR is one of methods I use for profit taking, I often look at H4 ATR, for example GA currently has ATR(7)0.0070 on H4, which I set my PT is 70pips (if there s a signal on M30 with the trend)" If you want to know more, pls do research yourself as I don't know.
yes Likica I understand that, just want to clear some more things from you because you are senior , just want to know, if I got signal in buy side then tp is 70 pips but if I got signal in sell side then tp also 70 pips. no matter in which direction I got signal Tp should be 70 pips , am I right? thanks Likica for your help to learn TMS
  • #10,476
  • Nov 30, 2015 10:08pm Nov 30, 2015 10:08pm
Quoting alyssum
{quote} yes Likica I understand that, just want to clear some more things from you because you are senior , just want to know, if I got signal in buy side then tp is 70 pips but if I got signal in sell side then tp also 70 pips. no matter in which direction I got signal Tp should be 70 pips , am I right? thanks Likica for your help to learn TMS
That's correct provide the signal you take is with the trend on M30. There are many way to exit such as S/R, trailing 1st PT @ATR(7) x 1, 2nd PT@ ATR X 2, 3rd PT exit when opposite signal appears, etc. If you study my posts, I take +50green for my trades very often. If you want to do the same, make sure to check if there s space for your PT (distance between your entry to next S/R) before entering your trade.
Avoid buy if TDI is under 32(too bearish), avoid sell if TDI is over 68 (too bullish) unless you are really good at reading PA.
You need to be firm (follow your plan) with your entries and be flexible with your exits which only come with your own experience.
Give TMS at least 1 month with full attention to study (if you are not newbie to FX), then demo 3 months if profitable, go live after that.
Appreciation is the key to wealth and happiness
  • #10,477
  • Nov 30, 2015 10:13pm Nov 30, 2015 10:13pm
Quoting likica
{quote} That's correct provide the signal you take is with the trend on M30. There are many way to exit such as S/R, trailing 1st PT @ATR(7) x 1, 2nd PT@ ATR X 2, 3rd PT exit when opposite signal appears, etc. If you study my posts, I take +50green for my trades very often. If you want to do the same, make sure to check if there s space for your PT (distance between your entry to next S/R) before entering your trade. Avoid buy if TDI is under 32(too bearish), avoid sell if TDI is over 68 (too bullish) unless you are really good at reading PA....
thanks Likica for your great asistance
  • #10,478
  • Nov 30, 2015 10:27pm Nov 30, 2015 10:27pm
Quoting likica
{quote} That's correct provide the signal you take is with the trend on M30. There are many way to exit such as S/R, trailing 1st PT @ATR(7) x 1, 2nd PT@ ATR X 2, 3rd PT exit when opposite signal appears, etc. If you study my posts, I take +50green for my trades very often. If you want to do the same, make sure to check if there s space for your PT (distance between your entry to next S/R) before entering your trade. Avoid buy if TDI is under 32(too bearish), avoid sell if TDI is over 68 (too bullish) unless you are really good at reading PA....
Thank You likica lesson learned
  • #10,479
  • Dec 1, 2015 12:15am Dec 1, 2015 12:15am
Divergence in AJ

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  • #10,480
  • Dec 1, 2015 12:53am Dec 1, 2015 12:53am
What's wrong with it ? Pls advises
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