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TMS for M30 charts

  • #12,941
  • Mar 30, 2016 2:56am Mar 30, 2016 2:56am
BEOB + hidden divergen off MA 50, 200
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  • #12,942
  • Mar 30, 2016 3:12am Mar 30, 2016 3:12am
Quoting griffinssoul
{quote} GN H4 - got the 2nd ticket - 1 left .... EU/GCad hit BE .... must eat more chocolate {image}
Hi Griffinssoul,

which indicator are you using to display the pips on chart? if possible can you please share.

regards,
ven
  • #12,943
  • Mar 30, 2016 3:24am Mar 30, 2016 3:24am
Quoting longbk
BEOB + hidden divergen off MA 50, 200 {image}
Excellent trading longbk i was in a little early seeing price closing below the larger channel
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Sad i'm not trying to understand PA
  • #12,944
  • Mar 30, 2016 3:25am Mar 30, 2016 3:25am
Quoting longbk
BEOB + hidden divergen off MA 50, 200 {image}
Perfect trading LongBK, well done
  • #12,945
  • Mar 30, 2016 3:30am Mar 30, 2016 3:30am
Quoting ven16
{quote} Hi Griffinssoul, which indicator are you using to display the pips on chart? if possible can you please share. regards, ven
hey ven16 - its on the paperclip dat every1 uses .... i also have made 1 for a buddy & its on my thread
  • #12,946
  • Mar 30, 2016 7:27am Mar 30, 2016 7:27am
Hidden divergence ( price makes double bottom), price over BRN and MA 50 to trigger. A good day EJ with two way win, the second trade i get out early cause i have to go out and it take my PT after that
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  • #12,947
  • Mar 30, 2016 9:47am Mar 30, 2016 9:47am
took this trade today with 30pips AUDCAD.spot this divergent but my entry was a little too early but the long candle that form after saved the day.
Thanks likica you rock
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  • #12,948
  • Mar 30, 2016 11:01am Mar 30, 2016 11:01am
Quoting toksy
took this trade today with 30pips AUDCAD.spot this divergent but my entry was a little too early but the long candle that form after saved the day. Thanks likica you rock {image}

Same trade
+225pips in 5 positions
You can tell I didn't mindlessly add more shorts but let the time do its thing since my SL was not hit
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #12,949
  • Mar 30, 2016 8:50pm Mar 30, 2016 8:50pm
Quoting Davit
{quote} Same trade +225pips in 5 positions You can tell I didn't mindlessly add more shorts but let the time do its thing since my SL was not hit {image}

Davit that was great how do i hold position for so long still trying to come to terms with that i can trust expert like you to teach me all i need to know.
two question davit
1. from your image you entered those positions when the candle was long how did you know to go short with those candle long?.
2. Do you look get your signal from a higher time frame and then trade from the 30 mins
  • #12,950
  • Mar 30, 2016 8:55pm Mar 30, 2016 8:55pm
am in EJ short any advice
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  • #12,951
  • Mar 30, 2016 9:29pm Mar 30, 2016 9:29pm
Quoting toksy
am in EJ short any advice {image}
I don't know if you like what you see when selling at the bottom of the channel?
Attached Image (click to enlarge)
Click to Enlarge Name: 31.3.16 EJ M30 (within channel) @1.27p a.png Size: 103 KB
Appreciation is the key to wealth and happiness
  • #12,952
  • Mar 30, 2016 9:50pm Mar 30, 2016 9:50pm
Quoting likica
{quote} I don't know if you like what you see when selling at the bottom of the channel? {image}

thanks likica alhought did not see any regular or hidden DIV, i have since log out when is not going as expected did not notice it's a channel. so how do i draw that channel is there like it
  • #12,953
  • Mar 30, 2016 10:29pm Mar 30, 2016 10:29pm
I got a few PMs asking for advice. One of those I thought it'd better to be answered in here so others might benefit as well.

----------------------------------------------
"I started reading first the original TMS thread and have gone to about 80 pages of BigEposts,

At that time Mr Aussie started the TMS for newbies , i thought it will be good for me to start but again i am lost which system to follow.

Also please as you are expert in TMS , i will highly appreciate if you can guide / suggest direct me from where to start so that I can learn the TMS trading and also absorb it.
Please I also need you you help in some good tutorial of Support resistant and the Price action.
I am based in UK and using Alpari Broker GMT+2.
Been demoing using lot 0.1 since last month taken two trades wrong and still runny the loss on -250 and -150 overall account is approx plus 700.
i do a day job from 08:00 to 18:00 GMT again will be grateful as what you recommend me how to trade the London session as its finished during my job hours but as Big E mentioned I can log in my MT4 and have a look on whats happening every 4 hours."
---------------------------------------------

I understand your confusion about trading and specially when taking a trade and sitting with a big loss.

If you are new to trading, I suggest you visit www.babypips.com to learn all the basics like S/R (price swing high/low, Fib levels, moving average,etc.), divergences, hidden divergences, candle patterns. Once you have those skills we call price actions (PA), you can combine that with TDI/ Stoc and make it your style as you have more edge on your entries for you to take trades on any time frame you choose.

Another tip I normally give to new traders is having a habit to manually draw trendline on your chart to feel the market.

Don't get in a trade right at Frankfurst/London Open (FO/LO) as those moves/candle I found normally are fake moves. Wait for 15-30min then enter if there is a signal.

Taking trade on H4, you have to check Weekly(W1) chart and Daily (D1)chart to see if any support/resistant (s/r) nearby, such as where recent high/low swing are. Practise to draw horizontal lines on W1 and D1 then switch it to H4 so those lines should stay there to remind you not trade into them.

Having a plan (we call big picture) help when you trade H4 (check W1, D1 charts) have risk/reward (loss/profit) in place. Don't just enter a trade because you see TDI green crosses red or a candle turn from red to blue/green.

If you decide to trade FO/LO sessions, look for signal on M30.

I enter on M30 with these confirmation:
- TDI cross/bounce
- APB same color with my trade
- @S/R
- TL (trendline) breakout or special candle patterns (can be outside bar/inside bar/pull back candle,lower high/lower lows, higher high/higher lows, etc.)

---------------------------------------------------------------------------------
Appreciation is the key to wealth and happiness
  • #12,954
  • Mar 30, 2016 10:36pm Mar 30, 2016 10:36pm
Quoting toksy
{quote} thanks likica alhought did not see any regular or hidden DIV, i have since log out when is not going as expected did not notice it's a channel. so how do i draw that channel is there like it
Zoom the chart out to see a bigger picture, find at least 3 point to join/draw a trend line. Do the same with the other line making it parallel to the first line. You might see sometimes, price goes out of the line (stop hunting from MM) then it goes back to the channel. Of course it might keep going but if S/R nearby and you wish to bag at least 30-50pips and by the look between the distant of your entry to the nearest S/R too small, you are sitting there worried...just my thoughts not only for this trade...

Today (Thurs 31st) is the last day of the month. Lots of actions from Market Makers (MM) for stop hunting (big candles then pull back). Be careful and traders might consider just sitting and watching if your signals are not there. Don't force the trade.

Quoting longbk
Hidden divergence ( price makes double bottom), price over BRN and MA 50 to trigger. A good day EJ with two way win, the second trade i get out early cause i have to go out and it take my PT after that {image}
good entry, work on to improve your exit
Appreciation is the key to wealth and happiness
  • #12,955
  • Mar 30, 2016 10:49pm Mar 30, 2016 10:49pm
EURJPY-D1 Currently looks like this. We can plan ahead where to look
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Sad i'm not trying to understand PA
  • #12,956
  • Mar 30, 2016 10:55pm Mar 30, 2016 10:55pm
Quoting toksy
{quote} Davit that was great how do i hold position for so long still trying to come to terms with that i can trust expert like you to teach me all i need to know. two question davit 1. from your image you entered those positions when the candle was long how did you know to go short with those candle long?. 2. Do you look get your signal from a higher time frame and then trade from the 30 mins
Hi T.

Its a good question which I answered here but will do again
When I place a trade I ask myself simple question.
Is the pair trending or ranging
Once identified correctly then I attack accordingly.I mentioned here before that I love pairs that are in a range.Its not the norm most books and systems avoid range trending but that's missing significant winning edge.Range allows repeated entries on every swing until it no longer ranges.
AC has been ranging since dec of 2015. Both CAD and Aussie are commodity pairs hence its natural that they sort of balance each other.
If you look at 30 1hr and H4 you'll see that pair has strong supply from 9980+1000 and back support from 99+back up
Knowing this I have traded this repeatedly and this month over 2k pips collected from this range.

Some of my trades on AC this month


Whoever says range is bad they have no clue...I activly seek it.I hope I answered your questions.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADH4.png Size: 46 KB
In trading, you have to be defensive and aggressive at the same time
  • #12,957
  • Mar 30, 2016 11:08pm Mar 30, 2016 11:08pm
Quoting omonisha
EURJPY-D1 Currently looks like this. We can plan ahead where to look {image}
Thanks for giving out a hand OS. good big pic ( I forgot to look at D1 sometimes)
Appreciation is the key to wealth and happiness
  • #12,958
  • Mar 30, 2016 11:09pm Mar 30, 2016 11:09pm
NU [email protected] to have a guide while looking for signals on GN EN...
Attached Image (click to enlarge)
Click to Enlarge Name: 31.3.16 NU D1 (@R last day of the month).png Size: 67 KB
Appreciation is the key to wealth and happiness
  • #12,959
  • Mar 30, 2016 11:13pm Mar 30, 2016 11:13pm
Quoting likica
{quote} Zoom the chart out to see a bigger picture, find at least 3 point to join/draw a trend line. Do the same with the other line making it parallel to the first line. You might see sometimes, price goes out of the line (stop hunting from MM) then it goes back to the channel. Of course it might keep going but if S/R nearby and you wish to bag at least 30-50pips and by the look between the distant of your entry to the nearest S/R too small, you are sitting there worried...just my thoughts not only for this trade... Today (Thurs 31st) is the...
Very true.Most hedge funds want to balance their books and generally most likely will trade according to monthly candle that means most likely USD will get stronger by NY open that means GU EU AU NU Uj UC deflating
I said most likely because one can never be 100% certain.
In trading, you have to be defensive and aggressive at the same time
  • #12,960
  • Mar 30, 2016 11:16pm Mar 30, 2016 11:16pm
EG is presenting as an opertunity to short
Watching this.Previous strong supply
Its very slow moving pair and good one to practice for new traders.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
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