TMS for M30 charts

just a simple TDI + break TL

2 finished trades on GBPJPY + 60 and +100 and 1 going on GBPAUD which I might close soon. I am copying itallover with the higher timeframe tdi and it is working well so far.....thank you itsallover learning so much on this thread.

Took +73 on it.

i think you refer to H4 candle on background, right?

Impressive lisat

I knew I was good for something

Hi,
I only try to take similar trades to yourself and as I wasn't 100% sure if you used ema's as strong support/resistance levels by themselves I would not have taken trades like that without checking with you first, so as you said no I will not attempt attempt trades like that. I noticed my divergance looked differant when I switched to synergy TDI, I am not sure I would have considered the setup had I seen it on synergy. I think Synergy is a more conservative TDI than divergance TDI. I only switched to divergance because everyone was using it in the medhi method thread but since I am taking a variety of differant setups now I think I will stop using it and switch back to Synergy again.

Regarding trading with trend, I haven't been attempting much of these setups, but I will start looking out for them and attempting them.

but I do not think I will be able to resist trying to copy your counter trend trades though. I am on demo, and I have improved ...but to get really good I must practice practice practice. I have started waking up at 5:30 AM UK time [in time for FO], and I start looking for oppertunities. If I win a trade that is good, If I loose a trade I look at it and try and work out why it lost ...often after looking at it and comparing it to similar trades by you I can spot my mistake, sometimes I can't find the mistake and will sometimes post it here. Today I had some loosing trades and went back to have a look at your trades and spotted my mistake.

this is a very good topic, over the last few weeks with your help and from help you give to others I have improved the following skills:

Looking left
spotting trendlines
spotting appropriate places to attempt counter trades [s/r],
only attempt counter trades with divergence
things to observe on tdi before attempting counter trades

you have many different types of setups you take, atm I am beginning to get confident with 2 of them of them. The rest will take more time.

Thanks for the Topic, have a great weekend Likica

yes! ʕ̡̢̡ʘ̅͟͜͡ʘ̲̅ʔ̢̡̢

wow it looks like all of your trade is ends up with profit
how much pips you get in total?

from http://www.bullbearandme.com/blog/
Good things about FX trading is that it is opened almost 24 hours per day with big volume in and out, while traders enter their trades from any time frames from 1 minute to 1440 minutes (Daily), not to mention trading from tick or volume or range charts.
Ordinary people get confused and worried asking me that if I have a buy signal and enter and many/most traders should have the same signal and also enter the buy, who is on the other side to sell if they have a buy signal ....to balance the market and so on. Despite what I tried to explain, they seem never understood.
For us as a trader, there are always 2 ways street (buy and sell) which one should we better choose to go if a TDI buy signal confirmed and next 30 minutes a short sell signal formed ? Here what is called following the trend. You would ask which trend and what time frame I am referring?
I m focusing on M30, so all I talk are about what on my M30 chart and next time frame which is H1 chart while H4 is used for break out if there is an inside bar (but be careful of fake breakouts happened quite often during Asian session). I put on M30 chart 200EMA, 50EMA for direction, that is if price above those EMAs, I only think about buying if TDI and price confirmed and only if price is below and far away from both EMAs and has divergence or double bottoms, visa versa for short sell. Levels on the chart (Yesterday High/Low, Daily Open Line, Fib levels such as 50% retrace ,etc.) and how price reacts from those levels ( pin bars, doji,) are very useful for making decision both entries and exits.
M30 signals 80% of time deliver profit of 30 pips to 50 pips for G's pairs while E's pairs move 20 pips to 35 pips. Your profit target (PT) can be increased if there is a confirmation on higher time frame which can be H1 or H4.
What is right for stop losses (SL)? and when to move SL to break even (BE). I usually have 1:1 which is if my PT is 50 pips so is my SL ( I mentioned this in trading challenges post). I found myself exit my trades if price closed below 10EMA (if I was in a buy), or if price closed above 10EMA (if I was in a sell). Using ATR (7) x 1.5 is very helpful (considering you are not greedy:-)). I don't normally let market take me out by my SL if I am available to monitor my trades, therefore, whether I have 30 or 50 pips SL does not really say that I have to bear with such losses, but rather treat it as for emergency and avoid my trades stopped out from small retracements.
Falling into choppiness is where traders get chopped out and get stressed out. I will talk more about that in my next post.
Happy life happy trading to all.
Lkc

is this likica in other blog?
if so this is very usefull information about how to put TP and SL on EU and GU pairs...the volatility on both pair for TP is right when using TDI in my opinion

found this one on GJ M15

G'day traders! Hope everyone had a good weekend.
It's 1st day of the week and holiday in Japan, we should not be too serious about J's pairs until NYO. Nefilim had a good call during Asian session.
No set up for me atm.

alo alo ,,,

Finally things started to move and so did traders. Nice start for the week K

GJ rejected s/r after div formed over weekend, heading North

Thankyou likica
Nice job on GJ

Beautiful PCRF at H1 chart.

banked that,,,,

HI Likica,

What do you think about the below opportunity?

On M30 div looks fairly good, however on H1 TDI is still above 68. Should we avoid this kind of setups?

Thanks,
J

I like the set up but would wait for bears to come in, which I don't see atm and TDI too bullish. It might pop up to 1.58 and form a divergence...