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TMS for M30 charts

  • #13,421
  • Apr 19, 2016 4:55am Apr 19, 2016 4:55am
Quoting Caa
{quote} 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,
hi Caa,
yes, hope you see that it is facing DOL, it moved 30p before it reached DOL and bounced back.
Appreciation is the key to wealth and happiness
  • #13,422
  • Edited 5:23pm Apr 19, 2016 5:04am | Edited 5:23pm
Just took my first tms trade, shorted the Aussie 7778, wish me luck
out of that, waiting for signal at 7868 (also 161.8 ext)
Come with me if you want to live....
  • #13,423
  • Apr 19, 2016 5:10am Apr 19, 2016 5:10am
Quoting Ill-b-back
Just took my first tms trade, shorted the Aussie 7778, wish me luck
Welcome to M30, Ill-b-back,
m30 is forming hidden divergence for a long even though it is facing R61 and BRN and might retest the high before it turns down...howerver, be careful going against trend
Appreciation is the key to wealth and happiness
  • #13,424
  • Apr 19, 2016 5:24am Apr 19, 2016 5:24am
GU had a good bounce off TL/ BRN/R38 with hidden divergence, is reaching ATR. Similar set up on GJ
Attached Image (click to enlarge)
Click to Enlarge Name: 19.4.16 GU M30 HD@5.30a est (did get filled).png Size: 68 KB
Appreciation is the key to wealth and happiness
  • #13,425
  • Apr 19, 2016 6:25am Apr 19, 2016 6:25am
Quoting likica
GU had a good bounce off TL/ BRN/R38 with hidden divergence, is reaching ATR. Similar set up on GJ {image}
Would you enter the trade?
What I understand is, if follow the rule, the APB have to cross the MA, so the candle which break the MA already near the RN
How do you trade the bounce?
Attached Image (click to enlarge)
Click to Enlarge Name: 1.PNG Size: 23 KB
  • #13,426
  • Apr 19, 2016 6:56am Apr 19, 2016 6:56am
Quoting likica
{quote} Welcome to M30, Ill-b-back, m30 is forming hidden divergence for a long even though it is facing R61 and BRN and might retest the high before it turns down...howerver, be careful going against trend
hi likica, thanks, to be honest I trade the 1hr tms, 30min is too fast for me. I'm used to trading weekly and daily on GU, so i feel like sniping with the 1hr.will see how she goes.
Come with me if you want to live....
  • #13,427
  • Edited 7:47am Apr 19, 2016 7:22am | Edited 7:47am
Quoting leonlee0116
{quote} Would you enter the trade? What I understand is, if follow the rule, the APB have to cross the MA, so the candle which break the MA already near the RN How do you trade the bounce? {image}
Lee,
There a numbers of things to look for continuation signal (another name called hidden divergence), in this case bullish hidden divergence (buy):

- on M30 price has higher high (HH) , Higher Low (HL), h4 has series of bull APBs, D1 has BUOB which broke up which indicated me to only go long.
- dial back to our ground (M30) waiting for a set up (hidden divergence) off supports and in this case, GU was nicely bounced off BRN 1.4300 and R38 with a nice pin bar.
- I would enter from a break out of that little trend line (if I was at my PC) and exit at R61 for 45pips.
- If you have a good set up on M30 with H4 D1 congruent, you could bag 50-100pips. My concern here is it is reaching ATR (it could move more but might have retrace before it heads up again)
- your question about 1.4350? I would ignore. I usually pay more attention to BRN such as 1.4300, 14400, ...etc.
- I don't think I set the rule that APB has to cross MA for entry?...however, it did crossed and so did TDI.
- One thing I normally don't like when a continuation forming after a divergence. I have a big doubt about whether the trend will continue or just a retrace as a divergence usually indicates that the trend is now changing direction. Go back to UCAD hidden divergence formed yesterday and failed after I took a short from bearish divergence, you will notice that it failed to ( after you attended school, you get what I mean by divergence and hidden divergence). If not, go back to school. This is my obvervation for you to study and take what applies to your case. Some hidden divergence (HDIV) could resume with the trend if price bounces off a very strong support and not face any resistant.
Attached Image (click to enlarge)
Click to Enlarge Name: 18.4.16 UCAD M30 HD failed (after divergence).png Size: 57 KB
Appreciation is the key to wealth and happiness
  • #13,428
  • Apr 19, 2016 7:41am Apr 19, 2016 7:41am
BRN is 100 pips of distance rather than RN which is 50 pips?
  • #13,429
  • Apr 19, 2016 7:45am Apr 19, 2016 7:45am
Quoting leonlee0116
{quote} Would you enter the trade? What I understand is, if follow the rule, the APB have to cross the MA, so the candle which break the MA already near the RN How do you trade the bounce? {image}
1. How old is the new candle? It looks like you are in a pullback.
2. Is this cross in line with the higher TF?
If you are good at something, never do it for free--Joker
  • #13,430
  • Apr 19, 2016 7:48am Apr 19, 2016 7:48am
How you guys view this cross?
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM30.png Size: 43 KB
  • #13,431
  • Apr 19, 2016 7:52am Apr 19, 2016 7:52am
Quoting leonlee0116
How you guys view this cross? {image}
I can just about guarantee that cross is against the higher TF.

You can tell this by checking the last time the TDI crossed down. If the price is worse, then you are counter trend.
If you are good at something, never do it for free--Joker
  • #13,432
  • Apr 19, 2016 7:53am Apr 19, 2016 7:53am
USDCAD- Here is a trade that i was in yesterday. i jumped in early due to the trend line previous structure BRN etc. To me this was the most important area to look for short. Entered on H1 but actual signal came when the OB formed and TDI came out of 68 area. That's what likica telling every time to wait let price come out from 68 32 area and give us hint to trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2016-04-19_18-38-32USDCAD-D1.png Size: 38 KB
Click to Enlarge Name: 2016-04-19_18-33-43USDCAD-H1.png Size: 48 KB
Sad i'm not trying to understand PA
  • #13,433
  • Apr 19, 2016 7:54am Apr 19, 2016 7:54am
Quoting jmn5611
{quote} I can just about guarantee that cross is against the higher TF. You can tell this by checking the last time the TDI crossed down. If the price is worse, then you are counter trend.
Which higher TF you actually refer to?
  • #13,434
  • Apr 19, 2016 7:57am Apr 19, 2016 7:57am
Quoting leonlee0116
{quote} Which higher TF you actually refer to?
Good question. The answer is the next higher TF on your MT4 platform.
If you are good at something, never do it for free--Joker
  • #13,435
  • Apr 19, 2016 7:59am Apr 19, 2016 7:59am
Quoting jmn5611
{quote} Good question. The answer is the next higher TF on your MT4 platform.
Thanks man. Still have to study more before going to live
  • #13,436
  • Apr 19, 2016 8:03am Apr 19, 2016 8:03am
Quoting omonisha
USDCAD- Here is a trade that i was in yesterday. i jumped in early due to the trend line previous structure BRN etc. To me this was the most important area to look for short. Entered on H1 but actual signal came when the OB formed and TDI came out of 68 area. That's what likica telling every time to wait let price come out from 68 32 area and give us hint to trade. {image} {image}
Newbies, please study that chart sequence. Do you see that Omo got in at the top of the daily wick? Do you see that Omo got in with the TDI coming out of the 68 with good price action? All of these little things do add up.
If you are good at something, never do it for free--Joker
  • #13,437
  • Apr 19, 2016 8:04am Apr 19, 2016 8:04am
Quoting leonlee0116
How you guys view this cross? {image}
Are you thinking of selling? No sell when price keeps making higher highs (HH) and higher lows (HL). TDI is still around 68.
Train your eyes for PA before looking at TDI just for the sake to be safe.
I don't want to be tough but pls do study. I don't always have time to do this every time and you could end up taking a trade waiting for my reply
Attached Image (click to enlarge)
Click to Enlarge Name: 19.4.16 UJ M30 HD.png Size: 74 KB
Appreciation is the key to wealth and happiness
  • #13,438
  • Apr 19, 2016 8:05am Apr 19, 2016 8:05am
Quoting omonisha
USDCAD- Here is a trade that i was in yesterday. i jumped in early due to the trend line previous structure BRN etc. To me this was the most important area to look for short. Entered on H1 but actual signal came when the OB formed and TDI came out of 68 area. That's what likica telling every time to wait let price come out from 68 32 area and give us hint to trade. {image} {image}
Here come one of those masters of TMS. Beautiful as always

Quoting jmn5611
{quote} Newbies, please study that chart sequence. Do you see that Omo got in at the top of the daily wick? Do you see that Omo got in with the TDI coming out of the 68 with good price action? All of these little things do add up.
Thanks for helping Jmn. Yeah, when TDI comes out of those areas, it has better moves, as long as we have patience to wait for it to come out before taking actions.
Appreciation is the key to wealth and happiness
  • #13,439
  • Apr 19, 2016 8:18am Apr 19, 2016 8:18am
Quoting likica
{quote} Are you thinking of selling? No sell when price keeps making higher highs (HH) and higher lows (HL). TDI is still around 68. Train your eyes for PA before looking at TDI just for the sake to be safe. I don't want to be tough but pls do study. I don't always have time to do this every time and you could end up taking a trade waiting for my reply {image}
Thanks for your help. I will study hard!

Anyone can correct me if im wrong?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30.png Size: 42 KB
  • #13,440
  • Apr 19, 2016 8:33am Apr 19, 2016 8:33am
Quoting leonlee0116
{quote} Thanks for your help. I will study hard! Anyone can correct me if im wrong? {image}
Yeah, both correctly spotted. currently bearish divergence is forming off BRN but bears not ready and who knows what is coming out of Steven'speech...I m sitting chilled, watching all majors are up and wondering why need to be bothered to jump in AU short
Appreciation is the key to wealth and happiness
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