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TMS for M30 charts

  • #11,741
  • Edited 7:40am Feb 20, 2016 7:27am | Edited 7:40am
I m reviewing my trades atm wanting to learn from my losers since I paid for it with a very high price
There was one winner and one loser that had very similar PA if I only looked at APB view and took it with TDI cross and a breakout of trend line. You might want to contribute more if you can point out why it failed. I could have cut my SL but I didn't.
Attached Image (click to enlarge)
Click to Enlarge Name: 18.2.16 EA (winner) , GA (loser).png Size: 149 KB
Appreciation is the key to wealth and happiness
  • #11,742
  • Feb 20, 2016 7:29am Feb 20, 2016 7:29am
Here is a view from line graph which show more logical 'why' one won and one failed
Attached Image (click to enlarge)
Click to Enlarge Name: 18.2.16 EA (winner) , GA (loser) (line).png Size: 158 KB
Appreciation is the key to wealth and happiness
  • #11,743
  • Feb 20, 2016 7:33am Feb 20, 2016 7:33am
and here is candle view which shows out the fake breakout and failed where price was stepping up with more bullish candles from GA compared to EA.
Of course when having a closer look, EA has small bearish divergence, while GA has a bearish outside bar which is usually a good sign to follow, but not this time
Attached Image (click to enlarge)
Click to Enlarge Name: 18.2.16 EA (winner) , GA (loser) (candles).png Size: 148 KB
Appreciation is the key to wealth and happiness
  • #11,744
  • Feb 20, 2016 7:36am Feb 20, 2016 7:36am
Have a good weekend to all
Appreciation is the key to wealth and happiness
  • #11,745
  • Feb 20, 2016 8:23am Feb 20, 2016 8:23am
Quoting likica
I m reviewing my trades atm wanting to learn from my losers since I paid for it with a very high price There was one winner and one loser that had very similar PA if I only looked at APB view and took it with TDI cross and a breakout of trend line. You might want to contribute more if you can point out why it failed. I could have cut my SL but I didn't. {image}
Perhaps Brexit related? Does every loser have to have a reason to be failed? Big boys can push the button anytime they're up to you know...
Thank you for sharing your charts anyway. It's a good resource for study.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #11,746
  • Feb 20, 2016 8:24am Feb 20, 2016 8:24am
Quoting Pippopotamus
{quote} Are you posting all of the trades that you make using TMS, and the methods that you champion in this thread?
Hi P
I don't understand why you are obsessed what traders post here.Lot of traders including myself pay attention to PA
What does exactly mean price action?Most people overlook what constitute PA

What is 'Price Action'
Price action is the movement of a security's price. Price action is encompassed in technical and chart pattern analysis, which attempt to find order in the sometimes seemingly random movement of price. Swings (high and low), tests of resistance and consolidation are some examples of price action.

The candlestick and price bar are important tools for analyzing price action, since they help traders visualize of price movement. Candlestick patterns such as the Harami, engulfing pattern and cross are all examples of visually interpreted price action.

I use fibs,pivots as part of my technical analyses of PA.Is it part of this system? Not directly but PA is part of it.
I hope that answered your inquire
In trading, you have to be defensive and aggressive at the same time
  • #11,747
  • Feb 20, 2016 8:34am Feb 20, 2016 8:34am
I am a huge believer of Fibs and pivots.Combine with TDI is a killer
NU Price bounced off from pivot headed to 38fib.Once it hits 38fibs it should be put on alert list on your part for possible trade.Once confirm with TDI you got a solid trade.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM30.png Size: 41 KB
In trading, you have to be defensive and aggressive at the same time
  • #11,748
  • Feb 20, 2016 8:42am Feb 20, 2016 8:42am
Quoting likica
and here is candle view which shows out the fake breakout and failed where price was stepping up with more bullish candles from GA compared to EA. Of course when having a closer look, EA has small bearish divergence, while GA has a bearish outside bar which is usually a good sign to follow, but not this time {image}
Hi LK
To me right grey chart is the loser.Divergence is weak almost not there.It looks like forced.
regards
In trading, you have to be defensive and aggressive at the same time
  • #11,749
  • Feb 20, 2016 10:24am Feb 20, 2016 10:24am
My overall outlook leading to March
Next week light on USD news which is good if you are selling USD. With Feds playing cautious I don't think they will raise IR in March so general sentiment will shift on corrections.
EU GU NU AU have lots of room for corrections up.This is my general sentiment.
In trading, you have to be defensive and aggressive at the same time
  • #11,750
  • Feb 20, 2016 11:41am Feb 20, 2016 11:41am
Quoting Davit
{quote} Hi P I don't understand why you are obsessed what traders post here.Lot of traders including myself pay attention to PA What does exactly mean price action?Most people overlook what constitute PA What is 'Price Action' Price action is the movement of a security's price. Price action is encompassed in technical and chart pattern analysis, which attempt to find order in the sometimes seemingly random movement of price. Swings (high and low), tests of resistance and consolidation...
Hi Davit, Like your style of trading. Was just interested if omonisha, likica, lastingwell, and griffinssoul were posting all the trades they make using TMS, and the methods they champion in this thread. ...All the best, Pippo
Vincit qui se vincit.
  • #11,751
  • Feb 20, 2016 6:57pm Feb 20, 2016 6:57pm
Quoting likica
I m reviewing my trades atm wanting to learn from my losers since I paid for it with a very high price There was one winner and one loser that had very similar PA if I only looked at APB view and took it with TDI cross and a breakout of trend line. You might want to contribute more if you can point out why it failed. I could have cut my SL but I didn't. {image}
easy LK .... [only using TDI+HA+PA] EA was a 5 candle slip-cross & GA was a reverse-cross .... both can be traded but wit tight BE .... safer 2 trade better setups but W1 yield is lower
Attached Images
  • #11,752
  • Feb 20, 2016 7:00pm Feb 20, 2016 7:00pm
Quoting heispark
{quote} Perhaps Brexit related? Does every loser have to have a reason to be failed? Big boys can push the button anytime they're up to you know... Thank you for sharing your charts anyway. It's a good resource for study.
random for most of the time except 4 slams .....
  • #11,753
  • Feb 20, 2016 8:52pm Feb 20, 2016 8:52pm
Quoting Davit
I am a huge believer of Fibs and pivots.Combine with TDI is a killer NU Price bounced off from pivot headed to 38fib.Once it hits 38fibs it should be put on alert list on your part for possible trade.Once confirm with TDI you got a solid trade. {image}

Can you give me some examples of the most and least desirable aspects of your trading strategy?
  • #11,754
  • Feb 21, 2016 7:24pm Feb 21, 2016 7:24pm
Quoting likica
I m reviewing my trades atm wanting to learn from my losers since I paid for it with a very high price There was one winner and one loser that had very similar PA if I only looked at APB view and took it with TDI cross and a breakout of trend line. You might want to contribute more if you can point out why it failed. I could have cut my SL but I didn't. {image}
Very interesting question and a perfect example of the problems faced in trading. In this case the answer to the failed trade likely lies with the behavior of the GBP leg of the cross, crosses are synthetic entities, their prices are derived from the majors. In this case I would expect that the pound jumped for some reason, news or rumour. I always watch the behavior of the legs of each cross for hints towards future price action. One question I have is whether or not crosses respect pivots and fibs as much as the majors due. for example if the pound is approaching the 38 level, but the GA is not, is the S/R level on the pound likely to be more effective than that of the cross?

PS Thanks for all of your hard work on this thread, your trading is an inspiration!!
  • #11,755
  • Feb 21, 2016 7:57pm Feb 21, 2016 7:57pm
NU +130pips
Exited at pivot
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM30.png Size: 42 KB
In trading, you have to be defensive and aggressive at the same time
  • #11,756
  • Feb 21, 2016 9:10pm Feb 21, 2016 9:10pm
Quoting Davit
NU +130pips Exited at pivot {image}
Very nice David. I use the "Pivot 3", but my SR and Pivot levels are way off comparing to yours
  • #11,757
  • Feb 21, 2016 9:17pm Feb 21, 2016 9:17pm
Quoting thole91
{quote} Very nice David. I use the "Pivot 3", but my SR and Pivot levels are way off comparing to yours
Thank you T91
Try GS modified version.
green pips

To me within 5-8pip variation is acceptable due to different brokers time.More then 10pips is not.
Attached File(s)
File Type: mq4 Davits Pivot - Copy.mq4   13 KB | 345 downloads
In trading, you have to be defensive and aggressive at the same time
  • #11,758
  • Feb 21, 2016 10:04pm Feb 21, 2016 10:04pm
Watching UJ. Hidden divergence. Bounced off trend line. Is it a good setup ? Please advice. Truly appreciate.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.png Size: 59 KB
  • #11,759
  • Feb 21, 2016 11:28pm Feb 21, 2016 11:28pm
Quoting thole91
Watching UJ. Hidden divergence. Bounced off trend line. Is it a good setup ? Please advice. Truly appreciate. {image}
I m watching it too, other pairs like GJ AJ EJ slowly moving up causing confusion that can be just choppiness....Monday at these hours market is not awake yet. It might go to pivot or even 200ma. H4 tdi crossed up, so be careful any force down...
Appreciation is the key to wealth and happiness
  • #11,760
  • Feb 21, 2016 11:32pm Feb 21, 2016 11:32pm
Closed UC shorts
+290pips
Might get again on rebound to 38
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM30.png Size: 41 KB
In trading, you have to be defensive and aggressive at the same time
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