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TMS for M30 charts

  • #13,401
  • Apr 18, 2016 7:39am Apr 18, 2016 7:39am
Quoting Davit
{quote} funny because if you are new to trading its exactly what you should be doing trading low ADR pairs. Let me ask you this question. Forget profits lets focus on losses GJ EJ GN GA EA basically steroid crosses What is your tolerance. 50pip SL? 70? 30? what is your idea of SL also include the spread GN 6-7pips crosses 5 average
En,it's a problem.SL 20 pips.I can accept.
I will use 0.01 lot first
Leverager1:400.
2 dollars 20 pips+spread 8 pips.2.8dollars
  • #13,402
  • Apr 18, 2016 7:49am Apr 18, 2016 7:49am
Quoting leescofield
{quote} En,it's a problem.SL 20 pips.I can accept. I will use 0.01 lot first Leverager1:400. 2 dollars 20 pips+spread 8 pips.2.8dollars
Dear Lee
If you are paying 8pip spread you are already hugely disadvantaged from get go.
You take 5 loses on crosses like that spread alone will be over 20pips.
Its really astonishes me how little thought goes into risk vs reward here in general among new traders.Try making consistent money on EU GU AU NU UC before trying crosses.
having said above its your money and you can do as you please.Just trying to help
In trading, you have to be defensive and aggressive at the same time
  • #13,403
  • Apr 18, 2016 7:58am Apr 18, 2016 7:58am
Quoting likica
{quote} beautiful shot
Thanks! It is very well received, coming from you. Too bad it is demo trading on M30, but I have time. M30 is fast and furious for me, but I'll get there.
  • #13,404
  • Apr 18, 2016 7:59am Apr 18, 2016 7:59am
Quoting Davit
{quote} Dear Lee If you are paying 8pip spread you are already hugely disadvantaged from get go. You take 5 loses on crosses like that spread alone will be over 20pips. Its really astonishes me how little thought goes into risk vs reward here in general among new traders.Try making consistent money on EU GU AU NU UC before trying crosses. having said above its your money and you can do as you please.Just trying to help
Davit,because I saw phx62 trade the crosses，and he said he likes the pair ADR is over 100pip.
I should listen to you，because it's huge different between demo and live.
One of my friend who trade the Forex for 5years,and he makes only 200 dollars in these 5 years.
I don't want be like that.I want to trade for a living.
Attached Image
  • #13,405
  • Apr 18, 2016 8:06am Apr 18, 2016 8:06am
Quoting leescofield
{quote} Davit,because I saw phx62 trade the crosses，and he said he likes the pair ADR is over 100pip. I should listen to you，because it's huge different between demo and live. {image}
Lee
You must understand someone with 5+years of experience Phx62 VS new trader like you.That's what I fear newbies taking example from experienced traders and losing hard earned money.
Before you ride a 1000CC motorcycle usually one starts with 250CC! Lot more manageable and it won't kill you.You twist the throttle on 1000cc in wrong time too hard you are dead.

I trade majors and I make consistent money.Why? because I can read the news on majors! I pay less spread and I can build positions equaling and exceeding high ADR pairs.Be smart!Don't pay your broker extra money!
In trading, you have to be defensive and aggressive at the same time
  • #13,406
  • Apr 18, 2016 8:15am Apr 18, 2016 8:15am
Quoting trade786
{quote} Same trade taken on GJ {image}
Nice! I am not trading high volatility pairs on M30 at the moment. When I am much better trading this TF, I'll include fast pairs, too.
  • #13,407
  • Apr 18, 2016 8:16am Apr 18, 2016 8:16am
Quoting leescofield
{quote} En,it's a problem.SL 20 pips.I can accept. I will use 0.01 lot first Leverager1:400. 2 dollars 20 pips+spread 8 pips.2.8dollars
There's no right or wrong way to learn, a mini or micro lot until you win consistently seems a wise way to go. You see people blowing accounts worth thousands and getting so traumatized that they ditch trading forever.

I learnt by doing it by micro, mini and then increasing when confident I could turn a profit. It does take a long time though (for me at least). Never give up though!
We're all just one trade away from humility.
  • #13,408
  • Apr 18, 2016 8:29am Apr 18, 2016 8:29am
Both of you share your experience，that was the most important thing to me.
Because most of people will repeat the other one's step.Good or bad.
Your experience and advice is very precious to newbies.
And I will focus my eyes on the major pairs,until I make consistent profit,then I will think about further.
From 0 to Consistent, this is the trader’s road bound to take.
  • #13,409
  • Apr 18, 2016 8:34am Apr 18, 2016 8:34am
ECad again.
Assumed would break exact 4-point trend line and PAC again after LH after divergence after weekend gap up.
Nearly lost it all but +80 in the end.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM30 1415.png Size: 53 KB
Thanks for your help, warmth and straight talking Heather.
  • #13,410
  • Apr 18, 2016 8:35am Apr 18, 2016 8:35am
AU, long, +20. PA made a HH, 10 EMA rejection, BUOB, away from DOL, EMA 50 and EMA 200. Price was near resistance on M30, but the H4 candle was strongly bullish and the MTF TDI was up.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30.png Size: 86 KB

I have one more trade open, USDCHF, short, and SL is at BE.
  • #13,411
  • Apr 18, 2016 8:59am Apr 18, 2016 8:59am
Quoting catalin_eros
AU, long, +20. PA made a HH, 10 EMA rejection, BUOB, away from DOL, EMA 50 and EMA 200. Price was near resistance on M30, but the H4 candle was strongly bullish and the MTF TDI was up. {image} I have one more trade open, USDCHF, short, and SL is at BE.
BUOB means this?
Attached Image
  • #13,412
  • Apr 18, 2016 9:02am Apr 18, 2016 9:02am
Hi Lk.
I Also took the same trade EUECAD but I exit early because 200 EMA and saw your post with good profit. I am part time trader and happy to read this wonderful thread whenever I have sufficient time and trying to apply the same in my trade any way I am still in learning phase and there is lots of thing to be done.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD M30.png Size: 67 KB


Thank You.
Decent
Never underestimate your self. You are much more than you think.
  • #13,413
  • Edited Apr 19, 2016 6:21am Apr 18, 2016 9:18am | Edited Apr 19, 2016 6:21am
Quoting leescofield
{quote} BUOB means this? {image}
A bullish Outside bar is a bullish bar (i.e a bar with a close higher than it's open) that has a range (space between it's high and low) exceeding the range of the previous bar. Edit :- for image you can see post no 10995.
Never underestimate your self. You are much more than you think.
  • #13,414
  • Apr 18, 2016 10:18am Apr 18, 2016 10:18am
Quoting leescofield
{quote} BUOB means this? {image}
It means Bullish Outside Bar. This may help: http://www.forexfactory.com/showthre...62#post8590062
  • #13,415
  • Edited 7:20pm Apr 18, 2016 6:47pm | Edited 7:20pm
OK,I am going to learn it today
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 59 KB
  • #13,416
  • Apr 18, 2016 7:19pm Apr 18, 2016 7:19pm
Quoting trade786
{quote} Hi lee I use trade interceptor {image}
I download it,it have more functions than other app.But I can't activate it.
  • #13,417
  • Apr 18, 2016 9:36pm Apr 18, 2016 9:36pm
Good day traders,
GU GJ @resistant and kinda forming divergence on m30, making me want to jump in but TDI >68. Have a quick glance at H4 seeing bulls over the place, move to my D1 chart, there is a bullish outside bar and price just broke out above....will only think of buying if price retraces and forms a bullish hidden divergence if there s enough space for PT
Appreciation is the key to wealth and happiness
  • #13,418
  • Edited Apr 19, 2016 1:07am Apr 18, 2016 11:14pm | Edited Apr 19, 2016 1:07am
EJ also has bearish divergence forming...but didn't have follow thru by APB, TDI still around 68 level
Appreciation is the key to wealth and happiness
  • #13,419
  • Apr 19, 2016 12:26am Apr 19, 2016 12:26am
EA is sitting at support, note that TDI <32, APB TDI not ready for any buy yet
Attached Image (click to enlarge)
Click to Enlarge Name: 19.4.16 EA @S.png Size: 77 KB
Appreciation is the key to wealth and happiness
  • #13,420
  • Apr 19, 2016 1:18am Apr 19, 2016 1:18am
Quoting likica
EA is sitting at support, note that TDI <32, APB TDI not ready for any buy yet {image}
hi lk,

Very helpful indeed..
Correct me if i'm wrong, you'r waiting for tdi to go above 32 and hoping that at the same time green crosses red?

Thanks,
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