TMS for M30 charts | Page 721 | Forex Factory

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TMS for M30 charts

  • #14,401
  • Jun 21, 2016 3:18pm Jun 21, 2016 3:18pm
Quoting likica
{quote} 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. {quote} 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 {quote} Those 2 pin bars on your m30 chart are telling you something...be careful
You were right about those pin bars.

Attached Image
  • #14,402
  • Jun 22, 2016 1:13am Jun 22, 2016 1:13am
Quoting FXgunner1969
{quote} Bodal, thanks for your indicactor, by the way how to install to MT4 as i am not sure to install, many thanks to you!
So follow the direction :
- open MT4
- go to "File"
- go to "open data folder"
- go to" MQL4"
- Oepen "indicators" and paste your indicator
-close and re-start MT4

That's it.
  • #14,403
  • Jun 22, 2016 1:15am Jun 22, 2016 1:15am
Quoting bodal
{quote} So follow the direction : - open MT4 - go to "File" - go to "open data folder" - go to" MQL4" - Oepen "indicators" and paste your indicator -close and re-start MT4 That's it.
sorry I didn't see that KMV answered before me !
  • #14,404
  • Jun 22, 2016 1:30am Jun 22, 2016 1:30am
Quoting bodal
{quote} 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 !
It's excellent to review and learn from our own experience and from others. I agree with you about FO/LO fake moves if you did not look at bigger pic than just a few candles happened before asian session closes to enter a trade...and the fear of missing out a big move that traps many traders who get in a opening of a session with a big spike.
Appreciation is the key to wealth and happiness
  • #14,405
  • Jun 22, 2016 3:15am Jun 22, 2016 3:15am
GA (head &shoulders off S/R) short taken between FO/LO
Attached Image (click to enlarge)
Click to Enlarge Name: 22.6.16 GA M30 HS S@FOLO +50.png Size: 57 KB
Appreciation is the key to wealth and happiness
  • #14,406
  • Jun 22, 2016 3:34am Jun 22, 2016 3:34am
Hey Likica! First of all want to thank you for your huge job here, for your help and fantastic explanations here on this thread! It's a big joy to watch your charts
Have a question to you... Maybe it's simple and foolish, but want to clear something about divergences. On the chart there are 2 divergences: we have bearish hidden div (violet lines) and we have bullish div on the DB (yellow lines). What div is more important in this situation? And what are your thoughts when you see this?
Thank you!

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM30.png Size: 37 KB
  • #14,407
  • Jun 22, 2016 3:43am Jun 22, 2016 3:43am
Quoting toledoFX
Hey Likica! First of all want to thank you for your huge job here, for your help and fantastic explanations here on this thread! It's a big joy to watch your charts Have a question to you... Maybe it's simple and foolish, but want to clear something about divergences. On the chart there are 2 divergences: we have bearish hidden div (violet lines) and we have bullish div on the DB (yellow lines). What div is more important in this situation? And what are your thoughts when you see this? Thank you! {image}
I m seeing price stepping down. Hidden div on your chart has better chance for greenies IMO. EU is currently sitting at support, hence EA is sitting on choppiness. I m the short, but if things goes against my trade, I will get out early. If you look at H1, there was a bullish outside bar and price has been choppy since. To add more what not to go long is my pro TDI and stoc are crawling around oversold area (bulls not ready)
Appreciation is the key to wealth and happiness
  • #14,408
  • Jun 22, 2016 5:13am Jun 22, 2016 5:13am
Quoting likica
{quote} I m seeing price stepping down. Hidden div on your chart has better chance for greenies IMO. EU is currently sitting at support, hence EA is sitting on choppiness. I m the short, but if things goes against my trade, I will get out early. If you look at H1, there was a bullish outside bar and price has been choppy since. To add more what not to go long is my pro TDI and stoc are crawling around oversold area (bulls not ready)
Thanks for your answer!
  • #14,409
  • Jun 22, 2016 10:24am Jun 22, 2016 10:24am
UCAD DIV off SR, exited at ATR max
Attached Image (click to enlarge)
Click to Enlarge Name: 22.6.16 UCAD M30 BDIV B@10.45a est +40.png Size: 79 KB
Appreciation is the key to wealth and happiness
  • #14,410
  • Jun 22, 2016 10:31am Jun 22, 2016 10:31am
Today 2 losses , one normal with no regrets and the other a stupip one !
- EA short M30 = -12 pips , everything ok (big hiddenbearish divergence + away from DOL and 200ema but a bad TDI angle when I took the trade (1st candle after LO ) and I decided to close the trade after a kind of bullish engulfing outside bar (my indicator for Outside Bars do not start for 1 pip !) , .
Here I must thank Likica who gave me the idea to watch to contrary outside bars when following a trade going against me (my previous SL was above DOL for - 30 pips so due to her , I saved 18 pips .

- EC M30 short = - 22 pips , I jumped in the trade just after the release of the news , right at the beginning of the candle !!! (at that moment everything was apparentlyok , good TDI angle , DOL + 200ema ) but the big rule according to me is to wait the close of a candle , especialy at that time 12h30 GMT when news are released !

Morality :
- do not make revenge trade (EC) and break some rules !
- as I am trading on 5 euro pairs now (EU , EG , EC , EJ and EA ) , I wont trade till next monday because of BREXIT.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EA M30 loss -12.png Size: 146 KB
Click to Enlarge Name: EC M30 loss -22.png Size: 143 KB
  • #14,411
  • Jun 22, 2016 12:39pm Jun 22, 2016 12:39pm
Quoting likica
UCAD DIV off SR, exited at ATR max {image}

Hi likica, why did you buy into the DOL? and 200 ema?

and do you reccomend divergance for all counter trend trades? do you take counter trend setups if there is no divergance?
  • #14,412
  • Jun 22, 2016 4:42pm Jun 22, 2016 4:42pm
This is why we can't decide in the UK on which way to vote tomorrow
Attached Image (click to enlarge)
Click to Enlarge Name: misinformation.jpg Size: 157 KB
Success means going from failure to failure without loss of enthusiasm
  • #14,413
  • Jun 23, 2016 12:39am Jun 23, 2016 12:39am
Quoting kain775
{quote} Hi likica, why did you buy into the DOL? and 200 ema? and do you reccomend divergance for all counter trend trades? do you take counter trend setups if there is no divergance?
My intial PT was around DOL for 30pips, BUT as trade in progress tdi and stoc look straight up so I changed PT to ATR high.
No, I would not get in a counter trend without div as from my understanding div is a sign for trend change.
Appreciation is the key to wealth and happiness
  • #14,414
  • Jun 23, 2016 1:38am Jun 23, 2016 1:38am
took a chance from Big DIV off BRN to bag greenies before eveye waking up to vote. If anyone want to follow any of my trades, number one rule is remember to look left...
Attached Image (click to enlarge)
Click to Enlarge Name: 23.6.16 GJ M30 BDIV + DIV off BRN @2.41p a +60.png Size: 69 KB
Appreciation is the key to wealth and happiness
  • #14,415
  • Jun 23, 2016 1:40am Jun 23, 2016 1:40am
Quoting likica
took a chance to bag greenies before eveye waking up to vote. If anyone want to follow any of my trade, number one rule is remember to look left... {image}

What....?!?!?! You caught that ????

Nice shot !
  • #14,416
  • Jun 23, 2016 1:52am Jun 23, 2016 1:52am
Quoting sknight1
{quote} What....?!?!?! You caught that ???? Nice shot !
Thanks S. I bet everyone else was too busy thinking about voting not trading. Did u manage to bag some too S?
lucky me for GU too.
Time to step out. Everyone is now awake
Attached Image (click to enlarge)
Click to Enlarge Name: 23.6.16 GU BDIV S@3p a +.png Size: 61 KB
Appreciation is the key to wealth and happiness
  • #14,417
  • Jun 23, 2016 1:56am Jun 23, 2016 1:56am
And another nice shot !!! Sweet !

  • #14,418
  • Jun 23, 2016 3:34am Jun 23, 2016 3:34am
Quoting likica
{quote} My intial PT was around DOL for 30pips, BUT as trade in progress tdi and stoc look straight up so I changed PT to ATR high. No, I would not get in a counter trend without div as from my understanding div is a sign for trend change.
Hi

Nice visual of divergences and subsequent direction.

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: Divergences.png Size: 408 KB
Don't limit yourself!!
  • #14,419
  • Jun 23, 2016 4:28am Jun 23, 2016 4:28am
Hi everyone!

My name is jstmzplsz, you can call me J. I'm lurking into this thread for a some time now and I decided to introduce myself. As I have my daily job I might be here not that often, but I'll be happy to share my ideas/analysis with you. My aim is to be full time trader one day, I guess it's nothing new

To not come with empty hands I'm sharing my top-down analysis of GU, as all of you know today we have Brexit so volatility might be big, be careful.
Pls do not hesitate to comment

Cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 141 KB
Click to Enlarge Name: Screenshot2.png Size: 151 KB
Click to Enlarge Name: Screenshot3.png Size: 153 KB
  • #14,420
  • Jun 23, 2016 5:26am Jun 23, 2016 5:26am
Quoting likica
{quote} My intial PT was around DOL for 30pips, BUT as trade in progress tdi and stoc look straight up so I changed PT to ATR high. No, I would not get in a counter trend without div as from my understanding div is a sign for trend change.


thankyou
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