TMS for M30 charts | Page 744 | Forex Factory

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Attachments: TMS for M30 charts
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TMS for M30 charts

  • #14,861
  • Jul 20, 2016 7:16am Jul 20, 2016 7:16am
Quoting leescofield
{quote} . {image}
Thanks,

I download it.
I was referring to the colors that are best for my view, I like are those of Likica of this post:

http://www.forexfactory.com/attachme...0&d=1468936768
  • #14,862
  • Jul 20, 2016 7:25am Jul 20, 2016 7:25am
Quoting fibo38
{quote} Thanks, I download it. I was referring to the colors that are best for my view, I like are those of Likica of this post: http://www.forexfactory.com/attachme...0&d=1468936768
Here you go (for the color)
Attached File(s)
File Type: tpl m30 green grey.tpl   83 KB | 574 downloads
Appreciation is the key to wealth and happiness
  • #14,863
  • Jul 20, 2016 7:54am Jul 20, 2016 7:54am
Quoting likica
{quote} Here you go (for the color) {file}
thank you
  • #14,864
  • Jul 20, 2016 8:30am Jul 20, 2016 8:30am
Quoting lisat
{quote}I have found my equity curve looks better now that I do not take out trades early as a general rule. The only exception is if I get a signal for the opposite direction. I also have taken note of Likica and do not move to breakeven any more that completely messes up the risk/reward.

i am currently testing a new system of cutting losses early, one that isn't primarily based on your trade reaching x amount of drawdown before you cut

no idea yet though if it will save someone money in the long run, i suspect probably not
  • #14,865
  • Jul 20, 2016 9:47am Jul 20, 2016 9:47am
This is what i call revenge
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"What would you attempt to do, if you knew your success was a certainty?"
  • #14,866
  • Jul 20, 2016 9:52am Jul 20, 2016 9:52am
Quoting Fxentropy
This is what i call revenge {image} {image}
so you were in a short earlier and sufferred red? ( I thought you were in a long , that's why I said nice trading ) then got in a revenge trade and bagged greenies. Good level to turn tho.
I m in a short atm, will be out soon
Appreciation is the key to wealth and happiness
  • #14,867
  • Jul 20, 2016 10:10am Jul 20, 2016 10:10am
Quoting likica
{quote} so you were in a short earlier and sufferred red? ( I thought you were in a long , that's why I said nice trading ) then got in a revenge trade and bagged greenies. Good level to turn tho. I m in a short atm, will be out soon
yes, i saw you havent understood....but its ok, i knew you will see the whole picture a bit later..

im out , flat now! can't hold more....
Attached Image
"What would you attempt to do, if you knew your success was a certainty?"
  • #14,868
  • Jul 20, 2016 10:32am Jul 20, 2016 10:32am
Quoting Fxentropy
{quote} yes, i saw you havent understood....but its ok, i knew you will see the whole picture a bit later.. im out , flat now! can't hold more.... {image}


hello,

would you take a minute to upload your H4 backround candle indicator please
  • #14,869
  • Jul 20, 2016 10:44am Jul 20, 2016 10:44am
Quoting kain775
{quote} hello, would you take a minute to upload your H4 backround candle indicator please
here it is
Attached File(s)
File Type: ex4 q8eQT.ex4   10 KB | 368 downloads
"What would you attempt to do, if you knew your success was a certainty?"
  • #14,870
  • Jul 20, 2016 11:17am Jul 20, 2016 11:17am
Quoting Fxentropy
{quote} here it is {file}

thanks


  • #14,871
  • Jul 20, 2016 11:35am Jul 20, 2016 11:35am
EA trade for that day, +37 pips, came few pips to tp so decide to close it

Special thanks to lickica for the teachings done here, I wouldn't find those teachings anywhere else , many thanks
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I Have Learned to Take Some Losses to Make Profits
  • #14,872
  • Jul 20, 2016 11:48am Jul 20, 2016 11:48am
Quoting TheScorpS
EA trade for that day, +37 pips, came few pips to tp so decide to close it Special thanks to lickica for the teachings done here, I wouldn't find those teachings anywhere else , many thanks {image}

I saw this on m30 but didn't want to get in because i suspected price wouldn't reach it's adr [iirc the adr is like 120, but really you want to take your profits before it reaches 90 ..and there wasn't enough room to get that with good RR]


It seems lately im spotting more and more trades you profitable guys are trading, rather than before when i'd get into a trade and be the only one taking it [a sign that im probably wrong]


seems like i drew my trendline in the wrong place though as you got in at an earlier price than i would of?
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  • #14,873
  • Jul 20, 2016 4:16pm Jul 20, 2016 4:16pm
Any idea what is going on at GBP markets now? Huge movements that late and no news?
  • #14,874
  • Jul 20, 2016 5:32pm Jul 20, 2016 5:32pm
EA - TP missed by a pip
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  • #14,875
  • Jul 20, 2016 9:14pm Jul 20, 2016 9:14pm
Quoting jstmzplsz
EA - TP missed by a pip {image}
TDI never confirmed a reversal, Why would you exit ?

That was a correction in the uptrend. probably for accumulation. Also, your STO went flat before the price did. And price is above your major MA's.
  • #14,876
  • Jul 20, 2016 9:27pm Jul 20, 2016 9:27pm
here's a great example for you. Hope it helps a bit.
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  • #14,877
  • Jul 20, 2016 10:37pm Jul 20, 2016 10:37pm
Quoting kain775
{quote} I saw this on m30 but didn't want to get in because i suspected price wouldn't reach it's adr [iirc the adr is like 120, but really you want to take your profits before it reaches 90 ..and there wasn't enough room to get that with good RR] It seems lately im spotting more and more trades you profitable guys are trading, rather than before when i'd get into a trade and be the only one taking it [a sign that im probably wrong] seems like i drew my trendline in the wrong place though as you got in at an earlier price than i would of? {image}...
Good to hear that you are trading in the right direction with us now , when I took of that trade , I was not convinced that EA todays was a bull day but instead it might be a bearish day

BUT

When many conditions are there to support the trade, then when a valid TMS setup forms , it most likely becomes a good trade, for example on this trade , the pair yesterday had a strong bullish day , based on that I was into long trade but everything seems to be on the bearish day but went with what TMS and the convergence at that time was telling me

EMA 200 on H1 was support, Trend-line support too, TDI Green/Red and MBL are above 50Line another strong bullish indication , so the pair had 3 good conditions to get on-board a long trade, and as u saw it worked

Now back to the trend-line that u draw , I wouldn't draw it that way, because that way it wont allow me to take a long trade based on that TL forming resistance, the pair is on HH so that small TL wont hold a trending pair forming HH instead would draw it from a support level and the way I draw it as resistance , what happens is often when at LO the pair is forming HH and theres a continuation patter like a pennant, often LO breaks that continuation pattern for a trend continuation day

http://www.investopedia.com/terms/p/pennant.asp

Good luck into next trade
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I Have Learned to Take Some Losses to Make Profits
  • #14,878
  • Jul 20, 2016 10:40pm Jul 20, 2016 10:40pm
Quoting jstmzplsz
EA - TP missed by a pip {image}
If ever this happens to you again, watch the trade very closely , as when PA comes withen pips and dont hit TP often I see that this means it will never come and hit TP , so what I do is watch it and just close it when things dont seems good , this is exactly when I closed EA trade for 37 pips and not 50 even tho a spike could have got me those extra pips but dont want to risk loosing more pips
I Have Learned to Take Some Losses to Make Profits
  • #14,879
  • Jul 21, 2016 1:17am Jul 21, 2016 1:17am
Quoting TheScorpS
{quote} Good to hear that you are trading in the right direction with us now , when I took of that trade , I was not convinced that EA todays was a bull day but instead it might be a bearish day BUT When many conditions are there to support the trade, then when a valid TMS setup forms , it most likely becomes a good trade, for example on this trade , the pair yesterday had a strong bullish day , based on that I was into long trade but everything seems to be on the bearish day but went with what TMS and the convergence at that time was telling me...

thankyou for the detailed analysis Scorps, much appreciated.


I shall try and remember your trendline tip,

here is a aud/jpy m30 trade i got into yesterday, i drew 2 trendlines to help me plan for a breakout, one i can see now is wrong as i drew it in the way i drew on the last chart i posted here, but i drew a horizontal one too. is there anything wrong with this trendline? or horizontal trendlines in general? I notice likica does not seem to use them much
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  • #14,880
  • Jul 21, 2016 2:23am Jul 21, 2016 2:23am
Quoting allisonmagic
here's a great example for you. Hope it helps a bit. {image}
Thank you Allisonmagic and TheScorps.
Those are totally different approaches, however they give us all a bigger picture on what happened there and what might happen in the future.

The root cause of why I didn't do neither of these is that I had to leave for my day job...
I'm testing some remote control solution for my computer if someone would be interested just let me know.
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