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TMS for M30 charts

  • #14,581
  • Jul 1, 2016 2:53am Jul 1, 2016 2:53am
Ha,
EUR GBP + 27 PİP Thanks.
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  • #14,582
  • Jul 1, 2016 4:27am Jul 1, 2016 4:27am
i got this trade frm yesterday on 4h oil...break trendline and s/r
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  • #14,583
  • Jul 1, 2016 6:01am Jul 1, 2016 6:01am
Quoting realjumper
{quote} 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..... {image}
Thank you
  • #14,584
  • Jul 1, 2016 6:50am Jul 1, 2016 6:50am
EU +27

ABCD formation, entered during continuation of D after break of IB.
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  • #14,585
  • Jul 1, 2016 8:19am Jul 1, 2016 8:19am
GU -30

Price stepping down, I initially noticed PCRF or what I thought is PCRF.
Next time I think it'd be better to wait for 3rd candle to close below 1st of PCRF to validate the setup. Likica am I right?
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  • #14,586
  • Jul 1, 2016 8:46am Jul 1, 2016 8:46am
Quoting leescofield
{quote} Thank you
No problem....happy to help
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,587
  • Jul 1, 2016 8:55am Jul 1, 2016 8:55am
Quoting jstmzplsz
GU -30 Price stepping down, I initially noticed PCRF or what I thought is PCRF. Next time I think it'd be better to wait for 3rd candle to close below 1st of PCRF to validate the setup. Likica am I right? {image}
I think the body of the candle is too big to be considered as a PCRF candle. The candle at which you entered your short position would be a better PCRF candle for a long position in my opinion. But today GU is just in a range so I would not enter based on this PCRF setup. The best PCRF setups are when the pair is in a trend and forms a PCRF candle at a support/resistance and the pin of the PCRF has to stand out of the crowd.
  • #14,588
  • Jul 1, 2016 9:06am Jul 1, 2016 9:06am
Quoting jstmzplsz
GU -30 Price stepping down, I initially noticed PCRF or what I thought is PCRF. Next time I think it'd be better to wait for 3rd candle to close below 1st of PCRF to validate the setup. Likica am I right? {image}
For example I would consider this as a better PCRF setup. The pin is standing out of the crowd. And bouncing from resistance. Although it would be better if the pin is a bit longer.
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  • #14,589
  • Jul 1, 2016 1:06pm Jul 1, 2016 1:06pm
Closed my day and my week. Thank for sharing this cool strategy "likica"
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"What would you attempt to do, if you knew your success was a certainty?"
  • #14,590
  • Jul 1, 2016 11:19pm Jul 1, 2016 11:19pm
Dear all, what do you think about my fail trade ? we have small div at strong support and price action make HL
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  • #14,591
  • Jul 2, 2016 12:59am Jul 2, 2016 12:59am
Quoting longbk
Dear all, what do you think about my fail trade ? we have small div at strong support and price action make HL {image}

Again, you have drawn what you want to see....not a valid divergence. Did you study the babypips link I posted for you last time?......did you consult the cheat sheet I posted?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,592
  • Jul 2, 2016 1:21am Jul 2, 2016 1:21am
2 tradesEG M30 : a stupid loss (in between DOL and 200ema !!! ) for - 25 and a win yesterday for +40 pips.
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  • #14,593
  • Jul 2, 2016 1:44am Jul 2, 2016 1:44am
Quoting longbk
Dear all, what do you think about my fail trade ? we have small div at strong support and price action make HL {image}
Hello longbk,
It's easy in hindsight but........
1) price was creating a descending triangle where the bounces off resistance get smaller and smaller and the resistance eventually (most times) breaks.
2) Yes, you had a trend line break, but I would only enter on the break of the high of a bar that CLOSED beyond the trend line.
3) If you look at past trends you'll see that the greater part of a trend in both time and pips travelled, occurs beyond the TDI 50 line. (A 34 ema on the main chart approximates to the TDI 50 line and many traders will not go long when price is below the 34ema.) The bar on which you entered had only just gone beyond the 50 line so, for me, a new trend was not yet proven.
Thanks for your help, warmth and straight talking Heather.
  • #14,594
  • Jul 2, 2016 4:28am Jul 2, 2016 4:28am
Quoting Fxentropy
Closed my day and my week. Thank for sharing this cool strategy "likica" {image}
Nice Trading Fxentropy... could you please explain a little about your trading style.
Never underestimate your self. You are much more than you think.
  • #14,595
  • Jul 2, 2016 10:14am Jul 2, 2016 10:14am
Quoting realjumper
{quote} Again, you have drawn what you want to see....not a valid divergence. Did you study the babypips link I posted for you last time?......did you consult the cheat sheet I posted?
Hi realjumper,

please explain why this is not a valid divergence.
I could see myself classing that as a divergence too if I was trading so I am most interested in why.

I had a look at your cheat sheet and then pondered for a while.

Is it because there is a low to the left ....and he is just measuring the lower low of that particular leg
  • #14,596
  • Jul 2, 2016 11:20am Jul 2, 2016 11:20am
Quoting Pipsalon
{quote} For example I would consider this as a better PCRF setup. The pin is standing out of the crowd. And bouncing from resistance. Although it would be better if the pin is a bit longer. {image}


phx classes a pullback candle as a candle with a wick atleast half the size of it's body, yet in many examples he gave the candle was NOT half the size of the wick yet he still has it written on his charts as a pcrf candle. no wonder the guy who's name begins with "j" is lightly confused, as am I.
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File Type: pdf PCRF.pdf   764 KB | 1,534 downloads
  • #14,597
  • Jul 2, 2016 7:10pm Jul 2, 2016 7:10pm
Quoting kain775
{quote} Hi realjumper, please explain why this is not a valid divergence. I could see myself classing that as a divergence too if I was trading so I am most interested in why. I had a look at your cheat sheet and then pondered for a while. Is it because there is a low to the left ....and he is just measuring the lower low of that particular leg

Hi.....with respect, I can tell that you haven't read the link I provided either! Had you done that, you'd see the many mistakes in that posted chart. I won't go into detail everything that's wrong with the chart because if you read *everything* in the link I provided, you'll learn a lot more than me simply telling you.

Just to get you started though....the lines drawn to not match....see the black arrow. What exactly is the line drawn on the TDI showing? It's not connecting anything!!

Here is the link again....please read not only that page, but scroll to the bottom of that page and then follow all the links (8 of them) and learn about divergence plotting and how to trade them. ( http://www.babypips.com/school/high-...vergences.html )
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,598
  • Jul 3, 2016 8:20am Jul 3, 2016 8:20am
Good morning Lilika. I wonder if you ever expect to go when the green line crosses the line 50. Thank you.

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  • #14,599
  • Jul 4, 2016 12:11am Jul 4, 2016 12:11am
Quoting Saripefx
Good morning Lilika. I wonder if you ever expect to go when the green line crosses the line 50. Thank you. {image}
yes, I usually expect stoc > 50 and tdi to be around 50 or above to go long to be safe.
Appreciation is the key to wealth and happiness
  • #14,600
  • Edited 12:30am Jul 4, 2016 12:17am | Edited 12:30am
Quoting longbk
Dear all, what do you think about my fail trade ? we have small div at strong support and price action make HL {image}
from your chart, I see big bearish candles, bullish candles with tiny bodies did not help your small div long unless there was a high high (which was not there in your case). Do not go in a long after those big bearish candles, wait for bulls stepping in first.
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Appreciation is the key to wealth and happiness
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