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TMS for M30 charts

  • #14,381
  • Jun 20, 2016 8:36am Jun 20, 2016 8:36am
Quoting bodal
Today , 2 trades , both winners for 20 pips each : - EG M30 , waited fir 1st candle after LO , away from DOL and 200ema , good TDI angle . - EA M30 , idem and a good momentum given by TDI (green line piercing blue volatility band after 50 line till oversold area). Both trades reached the ADR line of the indicator and I decided to close them for 20 pips. The indicator used is the ISM ADR marker (30 days) and I noticed that it really indicates to be cautious when ADR is reached. {image} {image}


nice!

I'm in the EA right now, entered on h1 after the big long bearish h4 bar. the h4 had crossed just then but i noticed price had closed under support so took it on h1.

as atr was just about done i took this as an experimental trade with half lots. I was expecting it to dilly dally around this area until perhaps tommorow when it got more atr, but it seems to be heading downwards which is nice.
  • #14,382
  • Jun 20, 2016 11:33am Jun 20, 2016 11:33am
Quoting bodal
Today , 2 trades , both winners for 20 pips each : - EG M30 , waited fir 1st candle after LO , away from DOL and 200ema , good TDI angle . - EA M30 , idem and a good momentum given by TDI (green line piercing blue volatility band after 50 line till oversold area). Both trades reached the ADR line of the indicator and I decided to close them for 20 pips. The indicator used is the ISM ADR marker (30 days) and I noticed that it really indicates to be cautious when ADR is reached. {image} {image}
Just having more time checking around and wanted to point out a few good points for you and those who are open to improve...when taking a short while TDI & STOC are around oversold with a hidden divergence bouncing off a trend line and BRN. This is a beautiful set up and it run for 80pips ( I didn't trade this pair, maybe I should keep my eyes on it from now on)
Attached Image (click to enlarge)
Click to Enlarge Name: 20.6.16 EG M30 HD S (missed) (reached 80p).png Size: 66 KB
Appreciation is the key to wealth and happiness
  • #14,383
  • Jun 20, 2016 12:37pm Jun 20, 2016 12:37pm
EJ closed weekend gap
Attached Image (click to enlarge)
Click to Enlarge Name: 20.6.16 EJ M30 DIV + BEOB S@7.27p a, finally closed weekend gap@1.20pm est ++.png Size: 67 KB
Appreciation is the key to wealth and happiness
  • #14,384
  • Jun 20, 2016 12:56pm Jun 20, 2016 12:56pm
Quoting likica
EJ closed weekend gap {image}

what is your reasoning for shorting where you did.

close under the DOL and inside bars?
  • #14,385
  • Jun 20, 2016 3:03pm Jun 20, 2016 3:03pm
Not 30 min chart, but almost perfect hidden divergence pattern if price closes below EMA.

Attached Image
  • #14,386
  • Jun 20, 2016 4:18pm Jun 20, 2016 4:18pm
Quoting likica
{quote} I m a day trader, don't like leaving trades over weekend for any surprising spike against them, Monday H4 Asian to London can't tell much and it normally move to close the weekend gap, so don't want to sit on it during choppiness or reversal.
I see. So you start trading Monday New York session ?

Thanks
  • #14,387
  • Jun 20, 2016 10:30pm Jun 20, 2016 10:30pm
Many JPY pairs show hidden divergence on 30 min charts.

Attached Image
  • #14,388
  • Jun 20, 2016 11:07pm Jun 20, 2016 11:07pm
Quoting kain775
{quote} what is your reasoning for shorting where you did. close under the DOL and inside bars?
Yes, after hidden div + div, I waited for price to break thru DOL then came back, jumped in once price broke the outside bar ( I would not get in that short after so many red candles if there wasn't a bearish outside bar). I prefer the second entry where price retraced off DOL and stoc had hidden div.

Quoting inforserve
{quote} I see. So you start trading Monday New York session ? Thanks
Inforserve,
I trade M30 and I trade during FO/LO too but we were discussing about H4 and if I traded H4, I would not enter during Asian/London

Quoting chamane
Many JPY pairs show hidden divergence on 30 min charts. {image}
Those 2 pin bars on your m30 chart are telling you something...be careful
Appreciation is the key to wealth and happiness
  • #14,389
  • Jun 21, 2016 12:59am Jun 21, 2016 12:59am
Quoting likica
{quote} well managed
Thank you Likica , I appreciate.
  • #14,390
  • Jun 21, 2016 1:02am Jun 21, 2016 1:02am
Quoting kain775
{quote} nice! I'm in the EA right now, entered on h1 after the big long bearish h4 bar. the h4 had crossed just then but i noticed price had closed under support so took it on h1. as atr was just about done i took this as an experimental trade with half lots. I was expecting it to dilly dally around this area until perhaps tommorow when it got more atr, but it seems to be heading downwards which is nice.
Hi , could you send a chart with main explanations , for me to understand fully and clearly your options , thank you ?
  • #14,391
  • Jun 21, 2016 1:16am Jun 21, 2016 1:16am
Quoting bodal
{quote} Hi , could you send a chart with main explanations , for me to understand fully and clearly your options , thank you ?

I was reviewing the trade afterwards and realized I had been a bit too generous when drawing my support lines, and instead of closing past support,price had actually closed in the no mans land of support ....meaning i really shouldn't have taken that trade. I don't want to put up a chart with a bad example of trading for you so i'll leave the chart.
  • #14,392
  • Jun 21, 2016 1:17am Jun 21, 2016 1:17am
Quoting likica
{quote} Just having more time checking around and wanted to point out a few good points for you and those who are open to improve...when taking a short while TDI & STOC are around oversold with a hidden divergence bouncing off a trend line and BRN. This is a beautiful set up and it run for 80pips ( I didn't trade this pair, maybe I should keep my eyes on it from now on) {image}
Thank you for the example , a remark and a question :
- Eur/Gbp is one of my favorite , slow and a very good price of pip !
- in your trading style , what importance FO and LO have as I noticed that (according to my personnal backtests !) the direction of the candles of FO are fakes in 40% of the case ? So I decided to wait at least 1st candle M30 of LO before pulling the trigger. I do realise that I am often losing pips but each time I don't respect my law (called PHX62 's law for me ) I got a loss !
  • #14,393
  • Jun 21, 2016 1:26am Jun 21, 2016 1:26am
Quoting kain775
{quote} I was reviewing the trade afterwards and realized I had been a bit too generous when drawing my support lines, and instead of closing past support,price had actually closed in the no mans land of support ....meaning i really shouldn't have taken that trade. I don't want to put up a chart with a bad example of trading for you so i'll leave the chart.
ok thank you for the explanation.
  • #14,394
  • Jun 21, 2016 4:27am Jun 21, 2016 4:27am
Quoting bodal
Today , 2 trades , both winners for 20 pips each : - EG M30 , waited fir 1st candle after LO , away from DOL and 200ema , good TDI angle . - EA M30 , idem and a good momentum given by TDI (green line piercing blue volatility band after 50 line till oversold area). Both trades reached the ADR line of the indicator and I decided to close them for 20 pips. The indicator used is the ISM ADR marker (30 days) and I noticed that it really indicates to be cautious when ADR is reached. {image} {image}
Bodal, looks like your ADR indicator is very useful for you, can u share the ISM ADR marker indicator to me to download? thanks in advance.
  • #14,395
  • Jun 21, 2016 7:48am Jun 21, 2016 7:48am
Quoting FXgunner1969
{quote} Bodal, looks like your ADR indicator is very useful for you, can u share the ISM ADR marker indicator to me to download? thanks in advance.
Here is it.
Attached File(s)
File Type: ex4 !SM_ADR Marker.ex4   12 KB | 302 downloads
  • #14,396
  • Jun 21, 2016 7:55am Jun 21, 2016 7:55am
Today 3 trades , all winners :
- EG +20 pips , waited for 1st candle after LO , bearish divergence , away from DOL and 200ema , good TDI signal
- EC +28 pips , idem above reasons ,
- EA +30 pips idem but no divergence.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EG M30 +20 pips.png Size: 144 KB
Click to Enlarge Name: EC M30 +28 pips.png Size: 142 KB
Click to Enlarge Name: EA M30 +30.png Size: 141 KB
  • #14,397
  • Jun 21, 2016 8:27am Jun 21, 2016 8:27am
Lots of greenies from everyone, thats a very good to see

EA at LO for +50 pips , broke of Ylow
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-06-21_14-27-35.png Size: 55 KB
I Have Learned to Take Some Losses to Make Profits
  • #14,398
  • Jun 21, 2016 9:37am Jun 21, 2016 9:37am
Thank you Likica for a great thread hope to be able to contribute something. Take profit reached on E/U 50 pips. Regular divergence at resistance then a lower high on both price and TDI.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD21-6-16.png Size: 42 KB
Success means going from failure to failure without loss of enthusiasm
  • #14,399
  • Jun 21, 2016 10:59am Jun 21, 2016 10:59am
Quoting bodal
{quote} Here is it. {file}
Bodal, thanks for your indicactor, by the way how to install to MT4 as i am not sure to install, many thanks to you!
  • #14,400
  • Jun 21, 2016 11:41am Jun 21, 2016 11:41am
How do I install a Custom indicator to MT4 with Build 600+?
To install a custom indicator to MT4 with BUILD 600+

  1. Download and Install the Indicator to your desktop
  2. Right click to copy the Indicator
  3. Open MT4
  4. Click File -> Open data folder MQL4 > Indicators
  5. Right click and paste the Indicator into this folder
  6. Close your MT4 and reopen it
  7. View your Navigator window and the Custom Indicators folder to see the newly installed Indicator.

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