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TMS for M30 charts

  • #12,181
  • Edited 6:34am Mar 4, 2016 6:20am | Edited 6:34am
Hi guys... just felt the shock and awe of NFP.

+101 pips EURUSD: Long entry - entered after the initial burst went almost S23 and closed my two entries between R61 to R78 (daily pivot)
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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #12,182
  • Mar 4, 2016 6:32am Mar 4, 2016 6:32am
Cheers fellas. A few of today's trades, all sells, A few awaiting me when I arrived home from work. One is from yesterday capturing pips from nonfarm just now. Don't look for a trading method here , you may be disappointed which would make you go at me. I am my own unique character
I'm doing alright,having doubled the account just today. Real money. Started with $540, still going strong.
I'm not really trading tdi which is why I'm fairly quiet in this thread though it's still on chart. Just there are traders in this room I admire. I find as Pram above says I'm not relying too much on the indicators, I watch the charts all the time in my evenings. A fair portion of my trades are sell stops especially with this currency pair, no longs for me atm, also can't be bothered with multi currencies hence trading only GA. Now I have doubled the account I am stepping up from 0.01 to 0.02 and will see if I can do it again. Thats the plan anyways
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"You know what needs to be addressed , completely completely reverse that".
  • #12,183
  • Mar 4, 2016 6:39am Mar 4, 2016 6:39am
Quoting v2vboni
Hi guys... just felt the shock and awe of NFP. +101 pips EURUSD: Long entry
couple of good longs there, well timed
"You know what needs to be addressed , completely completely reverse that".
  • #12,184
  • Mar 4, 2016 7:01am Mar 4, 2016 7:01am
Quoting Kmw
Cheers fellas. A few of today's trades, all sells, A few awaiting me when I arrived home from work. One is from yesterday capturing pips from nonfarm just now. Don't look for a trading method here , you may be disappointed which would make you go at me. I am my own unique character I'm doing alright,having doubled the account just today. Real money. Started with $540, still going strong. I'm not really trading tdi which is why I'm fairly quiet in this thread though it's still on chart. Just there are traders in this room...

Very nice... and I like that Spud Stochastic Thread on your chart, one of the first indicator(s) I had when I joined FF last year. I don't know where Spudfyre is, he seems not active anymore. I like his mantra on sharing his ideas.

Beside that Spud Stochastic Thread Theory, I like also his Elevator to Pips and Volume Price Level Trading strategy. So many things to learn, I think as a newbie in Forex, I must go through these to understand some of these strategies or shared ideas or wisdom by the professional/experienced traders here at FF.

Regards...
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #12,185
  • Mar 4, 2016 7:19am Mar 4, 2016 7:19am
+ 200 pips in 4 positions taking advantage of this nice divergence...

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  • #12,186
  • Mar 4, 2016 7:21am Mar 4, 2016 7:21am
Quoting Kmw
{quote} couple of good longs there, well timed
Yes, with luck and due to some other guys in EURUSD thread who shared a PDF document which contains statistical information or an average pips movement during NFP. I analyzed the data, and then I read some valuable postings to get an overall pulse of the traders here at FF.

I supposed to watch the NFP passes by, but then I decided to go for it. During that time my brain seems to work on a throttle, and then luck came in like a Russian roulette gunning for long entry on or above S23 level and I expected it to reach between R61 to R78 tops (daily pivot - fibs)

regards...
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #12,187
  • Mar 4, 2016 7:25am Mar 4, 2016 7:25am
Quoting wind.rpha
+ 200 pips in 4 positions taking advantage of this nice divergence... {image}
Nicely done, I'm still having a hard time identifying Divergence , maybe something wrong with my eyes
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #12,188
  • Mar 4, 2016 7:32am Mar 4, 2016 7:32am
Quoting v2vboni
I like also his Elevator to Pips and Volume Price Level Trading strategy.
I haven't looked at those yet, maybe good for that this weekend, got to do something destructive when we cannot trade

Those stochastics just made sense to me when I first came across them which is why I have them onboard, as did TDI but I was thinking about indicators tonight, all they do is give an indication, they are not guaranteed. I'm guessing I'm more into price action (PA) these days with the way I sit and observe the charts.
In line with that I went back into a 1 minute charts on the GA just to see what happened. Approximately 100 pips down on the news followed by 112 pips up afterwards, crazy fun stuff . As I said above I was short, didn't even think of grabbing a few on the way back up. No problems though as I'm up aprox $45 today trading the 0.01. I reckon that's phenomenal. The lower trade on the chart is the first 0.02 done, slow and steady with this fella
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"You know what needs to be addressed , completely completely reverse that".
  • #12,189
  • Edited 8:32am Mar 4, 2016 8:09am | Edited 8:32am
Quoting pramodbhalga
{quote} Very well said Davit!!!! It is the market which rides the indicators most often people confuse themselves by relying too much on indicators.
Yes indeed, he said it well, that is why I am always here at TMS 30 thread. Without the market, there's nothing to ride on for these indicators.

I relied on these indicators too much (not so long time ago), but since joining FF, I've cancelled out one-by-one. As a newbie in FX trading, I'm a work in progress, learning new things each day, but I still suck with PA analysis or readings.

I encountered some lurkers here at FF before wherein they went through the same path as me. They provided me valuable information or ideas so that I won't be going through the same problem they had before. However, I'm a stubborn learner, as I am still going through some of those mistakes, I guess, sometimes it is part of the learning process for some just like me. Anyway, these experienced traders even advised me to start learning how to code indicators which would add additional confirmation after PA or Fundamental analysis.

By the way, how do you ride on the market, I mean how you analyzed the market?

regards
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #12,190
  • Mar 4, 2016 9:38am Mar 4, 2016 9:38am
Quoting v2vboni
{quote} Yes, with luck and due to some other guys in EURUSD thread who shared a PDF document which contains statistical information or an average pips movement during NFP. I analyzed the data, and then I read some valuable postings to get an overall pulse of the traders here at FF. I supposed to watch the NFP passes by, but then I decided to go for it. During that time my brain seems to work on a throttle, and then luck came in like a Russian roulette gunning for long entry on or above S23 level and I expected it to reach between R61 to R78 tops...
Good job harvesting those pips.Keep going strong
In trading, you have to be defensive and aggressive at the same time
  • #12,191
  • Mar 4, 2016 9:41am Mar 4, 2016 9:41am
Quoting Kmw
Cheers fellas. A few of today's trades, all sells, A few awaiting me when I arrived home from work. One is from yesterday capturing pips from nonfarm just now. Don't look for a trading method here , you may be disappointed which would make you go at me. I am my own unique character I'm doing alright,having doubled the account just today. Real money. Started with $540, still going strong. I'm not really trading tdi which is why I'm fairly quiet in this thread though it's still on chart. Just there are traders in this room...
Hi KMW
I traded UC for months exclusively and with nice equity curve building there.When you get the rhythm right on 1 pair you start seeing things lot better.Its not about how many pairs its about building equity.
Good job keep going
In trading, you have to be defensive and aggressive at the same time
  • #12,192
  • Mar 4, 2016 9:47am Mar 4, 2016 9:47am
Still waiting weakness on NU to short.She is at critical 786 level
30min is in grey zone so hands off for now.
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In trading, you have to be defensive and aggressive at the same time
  • #12,193
  • Mar 4, 2016 9:50am Mar 4, 2016 9:50am
In case you are wondering why USD sunk despite of great Job creation numbers.It was -0.1% wage growth which was disappointing
This is big one for the Feds.There will be almost guaranteed no hike in March
In trading, you have to be defensive and aggressive at the same time
  • #12,194
  • Mar 5, 2016 7:14am Mar 5, 2016 7:14am
quiet here...24hrs no posts

I had a great 1st week in March
18% equity gain

Some self critisim
After analyzing my positions on GU NU and having fantastic entries I exited my trades way too early.I mean like 30% of the swing leaving 70% not collected specially true on NU which did break out of 6630 which previously was rejected numerous times.
I beat myself last few days of my serious error of getting out!Opportunity that was presented was fantastic and I failed to capitalize!
So there admitting my fault in open forum.This is something that I am consciously trying to address because that's how one builds serious equity.
Anyway still made 18% return in 1week but could of been unreal return have I showed some patience..
Lets see how chips fall in following weeks.
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In trading, you have to be defensive and aggressive at the same time
  • #12,195
  • Mar 5, 2016 7:22am Mar 5, 2016 7:22am
AU
may have reached climax.Lots of confluence 7460 area for correction.
Should price violate 7460 next big R is 7633 1618 zone.
I am very keen to observe how USD bulls react next week.
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In trading, you have to be defensive and aggressive at the same time
  • #12,196
  • Mar 5, 2016 7:34am Mar 5, 2016 7:34am
AN
May provide short opertunity.Dble top and big daily rejection candle
look at anglelator
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In trading, you have to be defensive and aggressive at the same time
  • #12,197
  • Mar 5, 2016 7:45am Mar 5, 2016 7:45am
Worth reading
Australian dollar's rise could prompt RBA to step in, join global 'currency wars'

The Reserve Bank of Australia might have to step in to stop the recent surge in the dollar if it continues to push higher, economists say.
Key points:

  1. Dollar has climbed over 1pc this year, to over $US0.73 this week
  2. Unexpectedly strong economic data, rising commodity prices, US dollar's fall blamed
  3. RBA may cut interest rates to historic lows, economist says


Analysts said a stronger Australian dollar has the potential to derail recent economic growth, which could prompt Australia's central bank to join the fight in the global "currency wars".

Danger of dollar appreciating too much
Head of investment strategy at AMP Shane Oliver said while there were positive factors pushing the dollar higher, there was a real danger of it appreciating too much.
"My feeling is that in the short-term we could see more upside in the Aussie dollar," he said.
"And that the Reserve Bank will become increasingly uncomfortable, so they'll start to come out and say: 'Well, basically, we think it should be lower.'
"Then going to the extra step of actually intervening in the market, I think, would require a very strong rise in the Aussie dollar."
Independent economist Saul Eslake said there was a middle-ground where the Reserve Bank could drop interest rates to new historic lows.
That could have the effect of driving the currency back down to more comfortable levels for policy makers.
"If the currency gets up into the high 70s, the Reserve Bank may well consider cutting interest rates again," he said.
Meanwhile, traders are doing their best to anticipate where the currency is going to go next.
"The reality is that traders don't actually feel it as stress. And so for them having something that is fast-moving, fast-paced they see it as a rewarding occupation," Mr McCarthy said.

In trading, you have to be defensive and aggressive at the same time
  • #12,198
  • Mar 5, 2016 9:57pm Mar 5, 2016 9:57pm
Quoting TheScorpS
{quote} Can u guide me into what book or page Scott talks about 78.6 please, I checked his Vol 1 but couldnt find it where, even tho I read that book while back, thanks

Hi TSS,

you had this book in 2013, remember this post link:
http://www.forexfactory.com/showthre...37#post6932237

Quoting TheScorpS
{quote} Hi Davit, I really like this post, didnt know that about the 78.6, now it makes a lot of sense , have I missed a golden nuggets here Look , EA chart I was waiting the 61.8 golden ration to hold PA, it didnt , 78.6 did the job tho, shorted later for +50 pips {image}
Larry Pasavento talk about the golden ratio 618.
But whether you are firm believer in Fibonacci series, there is little difference about 78.6 or 76.4.
the first fibonacci rectracment is 23.6, when you subtract 23.6 from 100 = 76.4
also there is another level 88.6% who uses that and why?

what is more important is the price action we see around certain price levels.
you see PRZ in different timeframes using harmonics patterns, so which timeframe do you trade matters.

I have had my time with that harmomics stuff between 2008 to 2010 with GFT/FX360 and decided that is what I want to use with TMS 5-Method. I keep to the 5-Method as the core trading method and use Price Action with CONFLUENCE of Support and Resistance.

in the 5-Method we use the TDI and the primary indicator and Big E taught us to watch those TDI levels for previous reversal.\
here is one example:
http://www.forexfactory.com/showthre...64#post7273664

have fun and you will learn a lot in the journey.

and if you want to learn from Larry Pasavento,

just google "Larry Pasavento Astro Cycle", he is specialist in the use of the golden ratio 618.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #12,199
  • Edited 12:55am Mar 6, 2016 12:17am | Edited 12:55am
Quoting Davit
Worth reading Australian dollar's rise could prompt RBA to step in, join global 'currency wars' The Reserve Bank of Australia might have to step in to stop the recent surge in the dollar if it continues to push higher...
It seems like the AU will continue to rise up a little bit more this coming week, not unless if a news breakout out from Oz RBA itself on a plan to cut or lowering the interest rate anytime soon.
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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #12,200
  • Mar 6, 2016 1:18am Mar 6, 2016 1:18am
Quoting v2vboni
{quote} It seems like the AU will continue to rise up a little bit more this coming week
good spotting actually, if/when we clear break 7440-60 area, next up could be 7580-7600, it's a bit of an extension of the monthly range on AU but been there before also. Thanks for posting!
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