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TMS for M30 charts

  • #12,761
  • Mar 22, 2016 12:18pm Mar 22, 2016 12:18pm
Quoting billsmith
{quote} how did you chose those particular pairs? any criteria they had to fit?
they are all the majors plus few slow crosses
without offending you I suggest you go
http://www.babypips.com/ and graduate free school which will save you ton of $$
In trading, you have to be defensive and aggressive at the same time
  • #12,762
  • Mar 22, 2016 12:20pm Mar 22, 2016 12:20pm
Quoting Davit
{quote} they are all the majors plus few slow crosses without offending you I suggest you go http://www.babypips.com/ and graduate free school which will save you ton of $$
no offense taken - i am here to learn not to get offended
Fib(onacci) my way to glory
  • #12,763
  • Mar 22, 2016 12:28pm Mar 22, 2016 12:28pm
Quoting billsmith
{quote} no offense taken - i am here to learn not to get offended
School covers lots of key areas specially on proper way to use Fibonacci and recognition of divergence plus lots of other useful staff.
go through it and come back here.
you will see things much differently.
In trading, you have to be defensive and aggressive at the same time
  • #12,764
  • Mar 22, 2016 3:05pm Mar 22, 2016 3:05pm
close AC +60pips 2positions
set up I posted earlier.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADM15.png Size: 46 KB
In trading, you have to be defensive and aggressive at the same time
  • #12,765
  • Mar 22, 2016 8:54pm Mar 22, 2016 8:54pm
Quoting Davit
close AC +60pips 2positions set up I posted earlier. {image}
good timing Davit.
I was in and out of ECAD spotting price made lower highs and was rejected at S/R
Attached Image (click to enlarge)
Click to Enlarge Name: 22.3.16 ECAD M30 DIV +M15 HD +(white).png Size: 64 KB
Appreciation is the key to wealth and happiness
  • #12,766
  • Mar 22, 2016 8:59pm Mar 22, 2016 8:59pm
just wanted to share one of the type of my winners when spotting price moving within channel and broke out, note how nice it was also breaking out of a H4 bearish outside bar and made new low of the day
Attached Image (click to enlarge)
Click to Enlarge Name: 22.3.16 GN H4 BEOB +100 (reached more) (Channel broke out).png Size: 90 KB
Appreciation is the key to wealth and happiness
  • #12,767
  • Mar 22, 2016 9:05pm Mar 22, 2016 9:05pm
Quoting Kmw
{quote} Click on the name Likica and find it in files. Best spell folks name right in future as well.
Thanks for taking care...
Appreciation is the key to wealth and happiness
  • #12,768
  • Edited 10:14pm Mar 22, 2016 9:18pm | Edited 10:14pm
Quoting billsmith
when is it gonna breath???? {image}
safe to wait for a pull back and jump in with a bearish divergence/hidden divergence to go with the trend as mentioned by Kmw. Don't get distracted with counter trend trade (if any divergence set up appears) during Asian session unless you are really really good at reading PA, it s only profit taking and will mostly go back to it current trend around FO/LO.
EA had a nice bearish hidden divergence around Tokyo Open (TOK) happened a few hours ago, it had 50pips from the close of confirmed candle to S61 for profit. There was a similar setup on GA but it was facing my DOL so it was not looking attractive to me.
Attached Image (click to enlarge)
Click to Enlarge Name: 23.3.16 EA M30 HD (correct).png Size: 65 KB
Appreciation is the key to wealth and happiness
  • #12,769
  • Mar 22, 2016 10:33pm Mar 22, 2016 10:33pm
For those who are interested in UJ (slower pair compared with GJ EJ). Look at H4 where it is currently sitting...Would you go long or short?
Attached Image (click to enlarge)
Click to Enlarge Name: 23.3.16 UJ H4 facing R (potential HD short).png Size: 93 KB
Appreciation is the key to wealth and happiness
  • #12,770
  • Edited 12:15am Mar 23, 2016 12:04am | Edited 12:15am
Quoting likica
For those who are interested in UJ (slower pair compared with GJ EJ). Look at H4 where it is currently sitting...Would you go long or short? {image}

The h4 had suggested a good buy [priceline cross above the 50 and mbl], however there are two seperate resistance levels i can see on your chart coming up, bearish hidden divergance brewing, trade would be counter trend, also with emmanuels previously weekly fib level indicator price is actually bang on the the 50% [acting as resistance], i would go into the lower timeframes and wait for a short .. or alternatively draw a trendline on that h4 [low to low] and wait for a TDI cross and from price to pierce the trendline.

hmm, not sure i would have notice BOTH the resistance levels if you hadn't marked them out, i need to train my eye's more. thanks.

there's currently divergance on h1 as well, with a lot of consolidation, and also a buy cross close to the 68 [and above the mbl], however what with the MC restricitng it, it being counter trend, and all the resistance to come, and being near the 68 ... i am somewhat skeptical of this buy signal

going further, if we go to the d1 timeframe and use the high on 29th jan 2016 and draw a trendline going down the other highs, the trendline comes pretty close to one of your horizontal resistance lines.

bearing all this in mind i would get ready for a short.

[although if we look at the d1, if price can close above my new tredline then it may infact be worth buying as we would have a tdi cross above mbl, and cleared the resistance]

but as things stand right now i am looking to short, if i am right, what is the best way to go about taking the short?
timeframe/entry signals ..etc

edit: the cross on h1 above the mbl seems to of disappeared, bloody thing repainted lol, and im on synergy pro
  • #12,771
  • Mar 23, 2016 12:40am Mar 23, 2016 12:40am
Quoting likica
For those who are interested in UJ (slower pair compared with GJ EJ). Look at H4 where it is currently sitting...Would you go long or short? {image}
That's a tough chart likica. For me, I certainly wound not be buying. But I don't have a really clear situation to sell either. For me, I wait.
If you are good at something, never do it for free--Joker
  • #12,772
  • Edited 2:29am Mar 23, 2016 1:55am | Edited 2:29am
Quoting kain775
{quote} The h4 had suggested a good buy [priceline cross above the 50 and mbl], however there are two seperate resistance levels i can see on your chart coming up, bearish hidden divergance brewing, trade would be counter trend, also with emmanuels previously weekly fib level indicator price is actually bang on the the 50% [acting as resistance], i would go into the lower timeframes and wait for a short .. or alternatively draw a trendline on that h4 [low to low] and wait for a TDI cross and from price to pierce the trendline. hmm, not sure i would...
Good details. I had a quick look at m30, price seem to rest at my DOL, might shoot up for stop hunting then go down...who knows, I would go short but facing Pivots and 200ma would make me do this. Why not look at its cousin Ej/Gj
Edit: you mentioned tdi H1 disappeared? repaint? That meant you entered before it closed and PA did not look good to support that short at that time, if it did TDI would follow...
Appreciation is the key to wealth and happiness
  • #12,773
  • Mar 23, 2016 2:43am Mar 23, 2016 2:43am
Closed 4 positions on AU +155pips
Closed 2 on AC again +70pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCADM30.png Size: 34 KB
Click to Enlarge Name: AUDUSDM30.png Size: 47 KB
In trading, you have to be defensive and aggressive at the same time
  • #12,774
  • Mar 23, 2016 2:45am Mar 23, 2016 2:45am
Quoting likica
{quote} good timing Davit. I was in and out of ECAD spotting price made lower highs and was rejected at S/R {image}
Thanks LK and nice DIV trading by you!
In trading, you have to be defensive and aggressive at the same time
  • #12,775
  • Mar 23, 2016 3:25am Mar 23, 2016 3:25am
Quoting likica
{quote} Good details. I had a quick look at m30, price seem to rest at my DOL, might shoot up for stop hunting then go down...who knows, I would go short but facing Pivots and 200ma would make me do this. Why not look at its cousin Ej/Gj Edit: you mentioned tdi H1 disappeared? repaint? That meant you entered before it closed and PA did not look good to support that short at that time, if it did TDI would follow...

well the tdi had crossed upwards but by time the candle finished the cross was gone and it was flat. i had assumed the cross happened already at the previous candle, but im not sure, if it was repainting then maybe the cross was for the current candle,

and i shorted on m30 at the tdi cross and price came back up above the high and stopped me out
not sure what i did wrong here *sigh*
  • #12,776
  • Mar 23, 2016 3:42am Mar 23, 2016 3:42am
Quoting Davit
Closed 4 positions on AU +155pips Closed 2 on AC again +70pips {image} {image}
Davit & LK - u guys r on FIRE! .... amazing 2 watch
  • #12,777
  • Mar 23, 2016 3:46am Mar 23, 2016 3:46am
GN H4 .... just keep'n OS's seat warm - not that i would ever compare my skill wit his
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 38 KB
  • #12,778
  • Mar 23, 2016 3:54am Mar 23, 2016 3:54am
GCad H4 - a new beginning .... may the market-force be wit u my friends
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 34 KB
  • #12,779
  • Mar 23, 2016 3:58am Mar 23, 2016 3:58am
GA H4 .... ummmm
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 36 KB
  • #12,780
  • Mar 23, 2016 4:01am Mar 23, 2016 4:01am
Quoting kain775
{quote} well the tdi had crossed upwards but by time the candle finished the cross was gone and it was flat. i had assumed the cross happened already at the previous candle, but im not sure, if it was repainting then maybe the cross was for the current candle, and i shorted on m30 at the tdi cross and price came back up above the high and stopped me out not sure what i did wrong here *sigh*
this chart might help you to clear the 'why' and should sit on your hand. H1 m30 had bearish divergence but price made no sign of bears (just small red APBs). Buying after bearish divergence and at the top of the channel was not helping at all...need a break thru, I think it just did. But look at H4...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 23.3.16 UJ H1 Channelling.png Size: 81 KB
Click to Enlarge Name: 23.3.16 UJ H4.png Size: 63 KB
Appreciation is the key to wealth and happiness
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