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TMS for M30 charts

  • #14,561
  • Edited 3:32am Jun 30, 2016 2:37am | Edited 3:32am
Quoting longbk
what do you think about that case Likica ? is this good sign to short ? And you alway say that look left, what we look for ? the recent long swing or the recent short swing or the recent price bounce off the trend line ? {image}
she'd be looking at previous support and resistance levels also
"You know what needs to be addressed , completely completely reverse that".
  • #14,562
  • Jun 30, 2016 3:09am Jun 30, 2016 3:09am
Quoting likica
{quote} nice and quick. Congrats J

Thanks Likica
  • #14,563
  • Jun 30, 2016 3:21am Jun 30, 2016 3:21am
Long EA on LO opens for +50 pips with TDI bounce on H1
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I Have Learned to Take Some Losses to Make Profits
  • #14,564
  • Edited 5:51am Jun 30, 2016 5:22am | Edited 5:51am
Quoting messicr
{quote} likica，my sell failed here ! what do you think ? thanks! {image}
Sorry I was not avail until now. My advice is cut loss as soon as price goes the opposite of your trade ( you need to have plan B when plan A fails that is before get into a trade, have a preset SL/PT and R:R at least 1:1). No set up has 100% winning rate.

Quoting kain775
{quote} Hi, I was looking through some old posts in this thread and you said no selling whilst price is making higher highs and higher lows, and it seems like to me price was still making higher highs and higher lows, yet you sold why?
you have some of my points but you missed what I mentioned about trend line break out and outside bar which applied in this case.

Quoting longbk
what do you think about that case Likica ? is this good sign to short ? And you alway say that look left, what we look for ? the recent long swing or the recent short swing or the recent price bounce off the trend line ? {image}
Price was rejected with a long tail bar at a really good level and closed below weekly S/R and 200MA, Longbk, yes, there was a challenge since it was facing DOL but has head and shoulders formed, only you could let it run when seeing such a multi strong level.
I didn't have chance to monitor my trades, just came back and saw my PT filled.
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Appreciation is the key to wealth and happiness
  • #14,565
  • Jun 30, 2016 5:34am Jun 30, 2016 5:34am
Quoting likica
{quote} Sorry I was not avail until now. My advice is cut loss as soon as price goes the opposite of your trade ( you need to have plan B when plan A fails that is before get into a trade, have a preset SL/PT and R:R at least 1:1). No set up has 100% winning rate. {quote} you have some of my points but you missed what I mentioned about trend line break out and outside bar which applied in this case. {quote} good level Longbk, only you could let it run...

Plan A and Plan B ... I LIKE
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #14,566
  • Jun 30, 2016 5:52am Jun 30, 2016 5:52am
Quoting TheScorpS
Long EA on LO opens for +50 pips with TDI bounce on H1 {image}
What a spike and green bag you have TSS
Appreciation is the key to wealth and happiness
  • #14,567
  • Jun 30, 2016 7:07am Jun 30, 2016 7:07am
UCAD both ways
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Appreciation is the key to wealth and happiness
  • #14,568
  • Jun 30, 2016 8:01am Jun 30, 2016 8:01am
Quoting likica
UCAD both ways {image}
Took the USDCAD too, with few more pips on call side. Div + bounce from DOL
Attached Image
  • #14,569
  • Jun 30, 2016 8:12am Jun 30, 2016 8:12am
Quoting maindfriik
{quote} Took the USDCAD too, with few more pips on call side. Div + bounce from DOL {image}
beautiful trade.
I was also in the other side, spotting divergence but entered after a bearish outside formed.
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Appreciation is the key to wealth and happiness
  • #14,570
  • Jun 30, 2016 8:14am Jun 30, 2016 8:14am
what a power of a speech...GBP taking a deep dive
Appreciation is the key to wealth and happiness
  • #14,571
  • Jun 30, 2016 8:17am Jun 30, 2016 8:17am
Quoting likica
what a power of a speech...GBP taking a deep dive
GA +65
GA +130
GCAD +100
GJ +54
....................

BOOM

had an awful headache today, but went back to office just in time for this....
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"What would you attempt to do, if you knew your success was a certainty?"
  • #14,572
  • Jun 30, 2016 8:21am Jun 30, 2016 8:21am
Quoting Fxentropy
{quote} GA +65 GA +130 GCAD +100 GJ +54 BOOM had an awful migraine today, but went back to office just in time for this.... {image}
wow... nicehow did you get in? set up on M5 or something?
Appreciation is the key to wealth and happiness
  • #14,573
  • Jun 30, 2016 8:22am Jun 30, 2016 8:22am
my CatsEars on GJ
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Appreciation is the key to wealth and happiness
  • #14,574
  • Edited 9:12am Jun 30, 2016 8:28am | Edited 9:12am
Quoting likica
{quote} wow... nicehow did you get in? set up on M5 or something?
No, was all the time watching M30 (i have large candles set as H4 with Blue on background as you can see-for confirmation) and went short when i saw momentum and breakouts on H4, also TDI was in line with the movement.... maybe i have added a bit of experience to this too ( but just a little)

EDIT: EU (+75 +54 pips) and EA trades (+50+53 pips)
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"What would you attempt to do, if you knew your success was a certainty?"
  • #14,575
  • Jun 30, 2016 9:36am Jun 30, 2016 9:36am
Quoting Fxentropy
{quote} No, was all the time watching M30 (i have large candles set as H4 with Blue on background as you can see-for confirmation) and went short when i saw momentum and breakouts on H4, also TDI was in line with the movement.... maybe i have added a bit of experience to this too ( but just a little) EDIT: EU (+75 +54 pips) and EA trades (+50+53 pips) {image}
good trading today Fxentropy
my div on EJ
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Appreciation is the key to wealth and happiness
  • #14,576
  • Jun 30, 2016 6:36pm Jun 30, 2016 6:36pm
I think there's enough videos to explain divergence,we should learn them
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  • #14,577
  • Jun 30, 2016 9:11pm Jun 30, 2016 9:11pm
very nice set up in asia sesion so i get out early when it retrace
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  • #14,578
  • Jun 30, 2016 10:10pm Jun 30, 2016 10:10pm
Quoting leescofield
I think there's enough videos to explain divergence,we should learn them {image}

There are lots of stuff on divergence. But we are trading using moving averages of the RSI data.
So these may help focus on what the RSI Divergence is and how to pick the best setups using Divergence.

Read this book
RSI: The Complete Guide Post#27,110 by John Hayden
The Truth about Divergence ... read Chapter 4 Page 65
Trend Determination using the RSI (TDI) Post#26,774
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #14,579
  • Jun 30, 2016 10:46pm Jun 30, 2016 10:46pm
Quoting emmanuel7788
{quote} There are lots of stuff on divergence. But we are trading using moving averages of the RSI data. So these may help focus on what the RSI Divergence is and how to pick the best setups using Divergence. Read this book RSI: The Complete Guide Post#27,110 by John Hayden The Truth about Divergence ... read Chapter 4 Page 65 Trend Determination using the RSI (TDI) Post#26,774

Thanks a lot!
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #14,580
  • Jul 1, 2016 12:13am Jul 1, 2016 12:13am
Quoting leescofield
I think there's enough videos to explain divergence,we should learn them {image}
Be mindful of 'information overload'...especially when it's information that, while interesting, is not really needed. Keeping things simple is the name of the game and if you look at Likica's posts you'll see some great divergence trading. Additionally, I'v attached the Divergence Cheat Sheet that I put together, courtesy of Babypips.com, that you can use as a quick reference guide to check what you see on your chart.

It's all you need.....
Attached File(s)
File Type: pdf Divergence Cheat Sheet.pdf   660 KB | 1,256 downloads
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