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TMS for M30 charts

  • #14,141
  • Jun 1, 2016 8:19am Jun 1, 2016 8:19am
Quoting likica
{quote} which chart are you referring to?if it was ECAD, I did draw trendline where price bounced off it with a divergence on post# 14,125
sorry wasn't sure if you would also draw one from high to low
  • #14,142
  • Jun 1, 2016 8:23am Jun 1, 2016 8:23am
Quoting Scrambleguy
{quote} sorry wasn't sure if you would also draw one from high to low
I don't think I know what you are asking. How about you get your chart and draw a trend line yourself and post here for me to comment if you wish. Ah, not all my trades have to base on a breakout of a trendline, in case you wondered why I posted the same one set up everyday, that would be too easy to make greenies, wouldn't it?
Appreciation is the key to wealth and happiness
  • #14,143
  • Jun 1, 2016 8:24am Jun 1, 2016 8:24am
Hi Likica,

Thanks for all the informative posts so far.

I would like to ask if you look at 5ema / 10ema before entering a trade?

Seems like you only used 50ema and 200ema? are they the recommended for tms30?
  • #14,144
  • Jun 1, 2016 8:32am Jun 1, 2016 8:32am
Quoting Pipsalon
{quote} So if TDI and stoc are in overbought area, you don't expect that price will go down for a while?
yeah, don't know when it comes down, I stop looking at the pair for now as I can't see any chance to get in
Appreciation is the key to wealth and happiness
  • #14,145
  • Edited 8:57am Jun 1, 2016 8:35am | Edited 8:57am
Quoting firsttimer
Hi Likica, Thanks for all the informative posts so far. I would like to ask if you look at 5ema / 10ema before entering a trade? Seems like you only used 50ema and 200ema? are they the recommended for tms30?
PA and TDI and STOC. EMAs are treated as S/R as 1st touch of the day. My trading (entries) are not based on any EMA.
Appreciation is the key to wealth and happiness
  • #14,146
  • Jun 1, 2016 10:17am Jun 1, 2016 10:17am
Quoting likica
{quote} It was a nice angle on TDI shame it didn't work out, what a trader could do was exiting after 1st blue candle completed with a bull outside bar.
OK I understand your point which underligns what you were saying yesterday and is against my "law" to set and forget but for now I try to work on my running outside trades too quickly !
Today there was another difference according to me : a divergence and not yesterday.
thank you and best regards
Attached Image (click to enlarge)
Click to Enlarge Name: EU M30 div today.png Size: 156 KB
  • #14,147
  • Jun 1, 2016 11:10pm Jun 1, 2016 11:10pm
Quoting bodal
{quote} OK I understand your point which underligns what you were saying yesterday and is against my "law" to set and forget but for now I try to work on my running outside trades too quickly ! Today there was another difference according to me : a divergence and not yesterday. thank you and best regards {image}
Got you. That winning trade has H4 congruence.
Appreciation is the key to wealth and happiness
  • #14,148
  • Jun 2, 2016 1:20am Jun 2, 2016 1:20am
Quoting likica
{quote} Got you. That winning trade has H4 congruence.
Hi Likica ,
Sorry to bother tou once again but I do not really understand which "H4 congruence" you are speaking of ? Can you give me a direction where to look ?
Thanks in advance.
  • #14,149
  • Jun 2, 2016 4:03am Jun 2, 2016 4:03am
Quoting bodal
{quote} Hi Likica , Sorry to bother tou once again but I do not really understand which "H4 congruence" you are speaking of ? Can you give me a direction where to look ? Thanks in advance.
Can you see that your winning trade, a long from yesterday which was entered later than mine but still on the same H4 blue candle on the attached chart? hope it explain H4 congruence.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.6.16 EU H4 view.png Size: 47 KB
Appreciation is the key to wealth and happiness
  • #14,150
  • Jun 2, 2016 4:19am Jun 2, 2016 4:19am
GN trade taken pre FO
Attached Image (click to enlarge)
Click to Enlarge Name: 2.6.16 GN M30 B@2.36p a. exited@5.53p a +53.png Size: 54 KB
Appreciation is the key to wealth and happiness
  • #14,151
  • Jun 2, 2016 5:25am Jun 2, 2016 5:25am
AJ: +21
hidden divergence, trend line break, close below PAC, with trend.
It might go through S38 but I was dying of boredom and fearful of another re-test.
English proverb which governs my trading behaviour: A bird in the hand is worth two in the bush.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYM30 2 Jun.png Size: 49 KB
Thanks for your help, warmth and straight talking Heather.
  • #14,152
  • Jun 2, 2016 7:01am Jun 2, 2016 7:01am
Quoting likica
GN trade taken pre FO {image}
Nice pipping.Mine was on GA about 70 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 45 KB
  • #14,153
  • Jun 2, 2016 7:06am Jun 2, 2016 7:06am
EURAUD GBPAUD.. Both the trade taken after the morning news
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2016-06-02_14-06-40euraud-d1.png Size: 33 KB
Click to Enlarge Name: 2016-06-02_17-57-59GBPAUD-H4.png Size: 42 KB
Sad i'm not trying to understand PA
  • #14,154
  • Jun 2, 2016 7:58am Jun 2, 2016 7:58am
Nice trading guys.
UCAD DIV, just came back to my PC
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2.6.16 UCAD M30 DIV B@6.30p a, PT filled@10.30p a NY +43.png Size: 75 KB
Click to Enlarge Name: 2.6.16 UCAD M30 DIV B@6.30p a.png Size: 62 KB
Appreciation is the key to wealth and happiness
  • #14,155
  • Jun 2, 2016 8:53am Jun 2, 2016 8:53am
UCAD trade, small divergence
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-06-02 at 8.51.29 PM.png Size: 228 KB
  • #14,156
  • Jun 2, 2016 8:54am Jun 2, 2016 8:54am
EN hidden div
Attached Image (click to enlarge)
Click to Enlarge Name: 2.6.16 EN M30 HD S@NY -, U.S +55.png Size: 57 KB
Appreciation is the key to wealth and happiness
  • #14,157
  • Jun 2, 2016 8:56am Jun 2, 2016 8:56am
Quoting longbk
UCAD trade, small divergence {image}
it's good to see you bag greenie from this pair Longbk
Appreciation is the key to wealth and happiness
  • #14,158
  • Jun 2, 2016 9:04am Jun 2, 2016 9:04am
Quoting likica
EN hidden div {image}
really great trade..learning from such trades
  • #14,159
  • Jun 2, 2016 10:24am Jun 2, 2016 10:24am
Quoting likica
{quote} Can you see that your winning trade, a long from yesterday which was entered later than mine but still on the same H4 blue candle on the attached chart? hope it explain H4 congruence. {image}
Ok I understand.
So you take trades on the H4 timeframe too , I thought that it was only on M30 ? I do use D1 and H4 but only to get a biais , a general direction since I discovered your thread. Before that I was impressed by Xman S3 method that open my eyes and make me stay to TDI and APB candel , then on Xman's advice I went to Loveevery1 10ema thread and finally you came . Then I feel with your thread that the circle is closed for me and that there I feel confortable with the timeframe M30 , divergences and the different tools ( but not AO indicator that I do not "see").

How do you take a trade on H4 ?
  • #14,160
  • Edited 10:44am Jun 2, 2016 10:34am | Edited 10:44am
Quoting bodal
{quote} Ok I understand. So you take trades on the H4 timeframe too , I thought that it was only on M30 ? I do use D1 and H4 but only to get a biais , a general direction since I discovered your thread. Before that I was impressed by Xman S3 method that open my eyes and make me stay to TDI and APB candel , then on Xman's advice I went to Loveevery1 10ema thread and finally you came . Then I feel with your thread that the circle is closed for me and that there I feel confortable with the timeframe M30 , divergences and the different tools ( but not...
I don't enter trades from H4 (unless I was late for entries on M30), just checking for congruence, everything done on m30, so don't ask me how to trade on H4. If you go over all my posts, you will see I did trade against H4 with success.
Here is an example of EU taken today, at the time of the entry, H4 was bull, then turned to red bounced off BRN form hidden, while M30 has a divergence( I did not monitor it so, don't ask me how I could handle such a bounce). I spotted a good set up, let it be. Isn't that beautiful? the power of level played a big part here.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.6.16 EU off BRN +.png Size: 91 KB
Appreciation is the key to wealth and happiness
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