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TMS for M30 charts

  • #13,341
  • Apr 15, 2016 8:03am Apr 15, 2016 8:03am
Quoting duderoo1
{quote} Can you guide me what to look for if you don't mind?
1st there is news on US consumer sentiment at 10am so market maybe indecisive.When that happens wait until things are clear.
Remember not everyday conditions are optimal.Some days just walk away.

I posted few videos on Price action.You can google too and study candle formations.This is trading 101.You should know what spinning top,Doji Marubozu and the rest mean automatically.
start from there
In trading, you have to be defensive and aggressive at the same time
  • #13,342
  • Apr 15, 2016 8:12am Apr 15, 2016 8:12am
Quoting billsmith
saw this div. last night just before i stopped trading for the day, placed a sell stop on my demo to see what would happen. if i had set SL and TP could have got 50 pips entry was where the red arrow was. wondering if that was a good div. set up? {image}
I would not go in a short after a big bullish candle but would go in after a red candle which bounced off your trendline and formed a small divergence.

Quoting toksy
am in ecad and gcad will let this run for sometime checking the 4hr also will let it ride i cad know news is coming in less than 1hr time {image} {image}
both of them running well.
Appreciation is the key to wealth and happiness
  • #13,343
  • Apr 15, 2016 8:21am Apr 15, 2016 8:21am
Quoting likica
{quote} I would not go in a short after a big bullish candle but would go in after a red candle which bounced off your trendline and formed a small divergence. {quote} both of them running well.
thank you
Fib(onacci) my way to glory
  • #13,344
  • Apr 15, 2016 8:23am Apr 15, 2016 8:23am
Quoting Kmw
a little humor I ran across today, I luv this {image}
nice hair
Appreciation is the key to wealth and happiness
  • #13,345
  • Apr 15, 2016 8:24am Apr 15, 2016 8:24am
Just got home with 2 bags of greenies
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15.4.16 UCAD M30 DIV long@6.05p a (4a est), pt filled@NY +50.png Size: 73 KB
Click to Enlarge Name: 15.4.16 AJ M30 LH LL short@6.26p a, PT filled@ny +50.png Size: 61 KB
Appreciation is the key to wealth and happiness
  • #13,346
  • Apr 15, 2016 8:28am Apr 15, 2016 8:28am
Quoting likica
Just got home with 2 bags of greenies {image} {image}
awesome job LK
very insipiring
In trading, you have to be defensive and aggressive at the same time
  • #13,347
  • Apr 15, 2016 8:32am Apr 15, 2016 8:32am
Just want to share a fundemetal tip
When oil drops USD gets stronger and oil effects CAD most however CAD AUD NZD are grouped as commodity pairs so should oil drop further you can pretty much predict all these 3 pairs will drop as well.(in case of UC it will go up)
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #13,348
  • Apr 15, 2016 8:41am Apr 15, 2016 8:41am
UC is at 61S and strong resistance (look left) but it could push up to 1.30 weekly pivot should Oil drop below 40
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 39 KB
In trading, you have to be defensive and aggressive at the same time
  • #13,349
  • Apr 15, 2016 8:48am Apr 15, 2016 8:48am
Quoting Davit
{quote} awesome job LK very insipiring
Thank u Davit.
I m looking at AC having divergence but not sure if I want to jump in to sit with choppiness when price just hanging above all supports
Attached Image (click to enlarge)
Click to Enlarge Name: 15.4.16 AC M30 BDIV@U.S (too bullish, above BRN).png Size: 63 KB
Appreciation is the key to wealth and happiness
  • #13,350
  • Apr 15, 2016 9:03am Apr 15, 2016 9:03am
That AU gained 20 pips on two micros, up another $5. I'm also in AC short with a single micro.


Likica I'm a bit puzzled as to why no divergence your end, I saw it as classical.
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-04-15_2206.png Size: 30 KB
"You know what needs to be addressed , completely completely reverse that".
  • #13,351
  • Edited 9:58am Apr 15, 2016 9:26am | Edited 9:58am
Quoting Kmw
That AU gained 20 pips on two micros, up another $5. I'm also in AC short with a single micro. Likica I'm a bit puzzled as to why no divergence your end, I saw it as classical. {image}
Congrats on your greenies from AU, Kmw.I included wick of that big long candle while replying your post, then had to admit that the pair has nice rejection off S/R so all good. I am not convinced about AC, no meat to go short when sitting on suppport, also sounds weird going long on UCAD and short on ACAD as one of them will be wrong or choppy.
Nice chart btw
Edit: UCAD@R, TDI>68 bears not ready
Attached Image (click to enlarge)
Click to Enlarge Name: 15.4.16 AU M30 BDIV off SR short@7a est +28.png Size: 62 KB
Appreciation is the key to wealth and happiness
  • #13,352
  • Edited 10:15am Apr 15, 2016 9:56am | Edited 10:15am
Quoting likica
{quote} sounds weird going long on UCAD and short on ACAD as one of them will be wrong or choppy.
Short on both though I have to agree, AC is going nowhere currently. Reason I exited AU was the downturn stopped at suport, mini range to my eyes and being close to Market closing for the weekend I thought it prudent.
I've also implemented a MA set at 1 to serve as a linechart in response to Livingwell's comment before asan aid to finding divergences. Seem to remember Griffinsoul doing this a while ago though I can't remember why he did.
"You know what needs to be addressed , completely completely reverse that".
  • #13,353
  • Apr 15, 2016 9:57am Apr 15, 2016 9:57am
Quoting Davit
UC is at 61S and strong resistance (look left) but it could push up to 1.30 weekly pivot should Oil drop below 40 {image}
just realised your post about UC after I posted my UC chart up. Thanks for the heads-up
Appreciation is the key to wealth and happiness
  • #13,354
  • Apr 15, 2016 10:06am Apr 15, 2016 10:06am
Quoting likica
{quote} I would not go in a short after a big bullish candle but would go in after a red candle which bounced off your trendline and formed a small divergence. {quote} both of them running well.

thank likica still leaning to see just learning from you
  • #13,355
  • Apr 15, 2016 10:07am Apr 15, 2016 10:07am
Quoting Kmw
{quote} Short on both
I grant no visa for entree on any of them right now. You ve got to call Davit
Appreciation is the key to wealth and happiness
  • #13,356
  • Apr 15, 2016 10:19am Apr 15, 2016 10:19am
Out on both, couple of pips AC, shutting down for the week,
"You know what needs to be addressed , completely completely reverse that".
  • #13,357
  • Apr 15, 2016 10:37am Apr 15, 2016 10:37am
Quoting likica
{quote} Mudosh, It would be better to have a clearer PA to trade. It is not only about whether you use APB or candlesticks but the whole picture by looking to the left to see what price reacted recently, what higher time frame (H4 H1) are doing if you can't see it from M30. Don't just take one candle spiked up and thought that a swing high or low. If you are good at reading PA from candlesticks, go for it. Do what works for you. Here what EU looks like right now, where you would not want to go against D1 look so red but H4 is sitting at support...
Thanks Likica for that clear explanation. I'll need also to consider D1 in my analysis.

Managed to get 50 pips from GA. Triple bottom off S100 + TDI Stepping up. At one point i thought it would not go past prev W Fib( Dark Blue line).
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM30.png Size: 66 KB
  • #13,358
  • Apr 16, 2016 5:55am Apr 16, 2016 5:55am
Quoting Davit
UC is at 61S and strong resistance (look left) but it could push up to 1.30 weekly pivot should Oil drop below 40 {image}
Hi Davit,
What TF do you set your pivot indi to in relation to TF you trade?
Regards
Rob
Your trade order needs to be in the right place at the right time.
  • #13,359
  • Apr 16, 2016 6:48am Apr 16, 2016 6:48am
Quoting Islandfx911
{quote} Hi Davit, What TF do you set your pivot indi to in relation to TF you trade? Regards Rob
GM Is
I use w pivot because its stronger then daily.I have not changed any settings.My broker is NY Oanda and works well in terms of accuracy.
regards
In trading, you have to be defensive and aggressive at the same time
  • #13,360
  • Apr 16, 2016 7:08am Apr 16, 2016 7:08am
I am anticipating UC going up based on this

Doha Is Done: Saudi Prince Drops Bomb - "No Deal Without Iran...We Are Selling At Every Opportunity"
http://www.zerohedge.com/news/2016-0...g-every-opport

Oil may plunge below 40 next week pushing UC up and forcing AU NU down.Will be interesting.Oil does look it is already going in correction.
Should this happen my guns are ready on NU and AU love selling these pairs
In trading, you have to be defensive and aggressive at the same time
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vasile69