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TMS for M30 charts

  • #15,001
  • Jul 26, 2016 7:01am Jul 26, 2016 7:01am
Quoting likica
{quote} your chart is telling me you are focusing on stoc more than price actions and tdi. Correct me if I m wrong or correct your chart display to make your trading easier. does AO contribute to your trading decision? an't those 2 indies (TDI & stoc) enough?


I honestly felt like I was concentrating on price action the most. the stoc being oversold is just a nice bonus making the potential setup look more appetizing imo, but i would be keen to take the trade even if stoc was not oversold on h4,

you can see my thoughts on the price action from the charts from the d1 to the h4, at my current knowledge level to me the setup looks promising, but im no expert here, if you think it's a bad setup please tell me why.

As for AO .. I noticed you using it at the beginning of the thread several weeks ago and put it on a few of my charts to see if it would help me, it's not on many of my charts ..but happened to be on this one ...and i noticed it was looking favorable for the trade so highlighted it.
  • #15,002
  • Jul 26, 2016 8:19am Jul 26, 2016 8:19am
loosing m30 eur/usd long yesterday that would have been a win if i had just left it alone and not cut it early
Attached Image(s) (click to enlarge)
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  • #15,003
  • Jul 26, 2016 9:01am Jul 26, 2016 9:01am
GJ +90 from two trades

Tough trades for me, especially the first one, at some point I didn't know what to do when price and TDI went flat. Do you have any advise how to handle those situations?

Entered second trade when the bar engulfed the previous one.
Attached Image (click to enlarge)
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  • #15,004
  • Jul 26, 2016 9:24am Jul 26, 2016 9:24am
Quoting jstmzplsz
GJ +90 from two trades Tough trades for me, especially the first one, at some point I didn't know what to do when price and TDI went flat. Do you have any advise how to handle those situations? Entered second trade when the bar engulfed the previous one. {image}

im curious j,

why did you take this counter trade?

price bounced off 136 BRN and you used this as your support?
was there anything you used as support. did you notice price was at the 50% fib if you went to h4 or daily?
  • #15,005
  • Jul 26, 2016 9:34am Jul 26, 2016 9:34am
Quoting kain775
loosing m30 eur/usd long yesterday that would have been a win if i had just left it alone and not cut it early {image} {image}
Reasons for not taking the trade in my opinion.
7th candle of a run.
Candles hugging the PAC (which tells you something about momentum)
Smallish candles (momentum again)
TDI red and green closing (price and momentum dropping)
TDI green outside of VB (possible reversal)
Stoch show O/B (price exhaustion)
No HH or HL (no trend confirmation)
MBL flat (flat sentiment)
H1 not looking nice
This is basic TMS entry stuff. Keep it simple and work on your entries until you can get them right before thinking about the fancy stuff.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #15,006
  • Jul 26, 2016 9:35am Jul 26, 2016 9:35am
Quoting kain775
{quote} im curious j, why did you take this counter trade? price bounced off 136 BRN and you used this as your support? was there anything you used as support. did you notice price was at the 50% fib if you went to h4 or daily?


Hi Kain,

I entered because of the break of trendline, and the fact that candle from 12 closed above 137.00 which from now I treated as support. Then I noticed inside candle at 1 and entered at break of it. Below I also had S78 supporting my trade. And at the very end I noticed free space until around 137.500.
  • #15,007
  • Jul 26, 2016 10:09am Jul 26, 2016 10:09am
Quoting jstmzplsz
{quote}Below I also had S78 supporting my trade.

Sorry could you please tell me what is S78 ? Thanks
There is no way to happiness , happiness is the way.
  • #15,008
  • Jul 26, 2016 10:29am Jul 26, 2016 10:29am
EC +26 break of trendline + div
Attached Image (click to enlarge)
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  • #15,009
  • Jul 26, 2016 10:39am Jul 26, 2016 10:39am
Quoting Ockham
{quote} Sorry could you please tell me what is S78 ? Thanks

It is weekly pivot, indicator itself created by Davit I believe.
It is attached to the main template.
  • #15,010
  • Jul 26, 2016 11:21am Jul 26, 2016 11:21am
Quoting jstmzplsz
{quote} Hi Kain, I entered because of the break of trendline, and the fact that candle from 12 closed above 137.00 which from now I treated as support. Then I noticed inside candle at 1 and entered at break of it. Below I also had S78 supporting my trade. And at the very end I noticed free space until around 137.500.

hmmm, interesting way of going about things


well done on the pips!


also thanks for the insight lookleft, im going to try and keep that post in-mind for future trades
  • #15,011
  • Jul 26, 2016 11:27am Jul 26, 2016 11:27am
although i thought stocs overbought signified trend strenght lookleft?

as likica won't short a pair as long as stocs overbought,

having said that as i had no higher high's/ higher lows to signify a trend so perhaps it couldn't really be called a trend on this occasion.
  • #15,012
  • Jul 26, 2016 11:34am Jul 26, 2016 11:34am
Quoting jstmzplsz
{quote} Hi Likica, As a part of my trading improvement I'm trying to always find the reason why I should not get into a trade. And your GJ trade is one of the examples. I didn't enter because of DOL and lower trendline not broken. Can you please tell me if that was right or wrong? And what made you enter this trade? Was it a big resistance confluence (weekly pivot, daily pivot, trendline, EMA200)? {image}
Yes. All of those are strong enough to get thru. What concerned me was DOL but price travelled up and down it a few times.

Someone PMed me asking a number of questions, I thought it would be interests of others too, so I brought my answers here:
- how to invalidate a trend? I think he/she meant how do I know when the trend is over/finished? when a divergence formed. If TDI >68, we need to carefully look at PA if it stalls/parks at a strong S/R, and it 'd better to check H4.
- when to take trade into DOL and when not trade into DOL? I think I mentioned this a few times, 1st touch of any S/R including DOL is strong, so don't go into it.
Here is my ECAD today which illustrated my answers (trend change and trade into DOL).
My tips for the day: extra works (find good location)= extra greenies
Attached Image (click to enlarge)
Click to Enlarge Name: 26.7.16 Tue ECAD BDIV + DIV S +50 (h4 M30).png Size: 109 KB
Appreciation is the key to wealth and happiness
  • #15,013
  • Jul 26, 2016 11:48am Jul 26, 2016 11:48am
Quoting likica
{quote} Yes. All of those are strong enough to get thru. What concerned me was DOL but price travelled up and down it a few times. Someone PMed me asking a number of questions, I thought it would be interests of others too, so I brought my answers here: - how to invalidate a trend? I think he/she meant how do I know when the trend is over/finished? when a divergence formed. If TDI >68, we need to carefully look at PA if it stalls/parks at a strong S/R, and it 'd better to check H4. - when to take trade into DOL and when not trade into DOL? I think...



so let me get this right, you saw price stalling at resistance on m30 where you had divergance, went to check h4, you saw divergance there too, did you also see h4 tdi about to cross too which effected your decision?
  • #15,014
  • Jul 26, 2016 11:54am Jul 26, 2016 11:54am
Quoting jstmzplsz
GJ +90 from two trades Tough trades for me, especially the first one, at some point I didn't know what to do when price and TDI went flat. Do you have any advise how to handle those situations? Entered second trade when the bar engulfed the previous one. {image}
Nice trading J.
One more good reason (s/r)you can tell Kain why your long went well even it was a counter trend trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 26.7.16 GJ H4.png Size: 43 KB
Appreciation is the key to wealth and happiness
  • #15,015
  • Jul 26, 2016 11:58am Jul 26, 2016 11:58am
Quoting kain775
{quote} so let me get this right, you saw price stalling at resistance on m30 where you had divergance, went to check h4, you saw divergance there too, did you also see h4 tdi about to cross too which effected your decision?
I entered my trade based on everything I saw on M30 (zoom in and out and about) I am proud of my PA reading skills . ( you can have a good laugh at me if you want as laughing will release your stress) I just brought H4 up for you because I thought it would make things clearer for you and others to see. You will be good at reading something if you keep looking at it long enough with no other distractions.
Appreciation is the key to wealth and happiness
  • #15,016
  • Jul 26, 2016 12:11pm Jul 26, 2016 12:11pm
Quoting likica
{quote} I entered my trade based on everything I saw on M30 (zoom in and out and about) I am proud of my PA reading skills . ( you can have a good laugh at me if you want) I just brought H4 up for you because I thought it would make things clearer for you and others to see. You will be good at looking at something if you keep looking at it long enough with no other distractions.

I was actually eyeing up that same trade on m30 as it was setting itself up, i had my trendlines where you had them, i even had my alerts set as i was preparing to short, my alarm triggered ... i was preparing to short and then noticed in the last 15 minutes of the bar forming it reversed and was looking too bullish at the end of the close. I looked on h1 and did not have a convincing bearish apb in my favour so stayed out of the trade. I would have taken profit too at the BRN as i saw previous price reaction there.

it seems like you shorted without the bearish apb in your favor from h1. by time the bearish apb came it was too late for good RR

are you sure it is good price actions skills that made you so confident to short without the bearish h1 apb or are you a time traveler from the future or something and all these charts are just history to you

that or you're psychic

have you ever been tested

in anycase, great entry, great trade
  • #15,017
  • Jul 26, 2016 9:51pm Jul 26, 2016 9:51pm
Quoting likica
{quote} Yes. All of those are strong enough to get thru. What concerned me was DOL but price travelled up and down it a few times. Someone PMed me asking a number of questions, I thought it would be interests of others too, so I brought my answers here: - how to invalidate a trend? I think he/she meant how do I know when the trend is over/finished? when a divergence formed. If TDI >68, we need to carefully look at PA if it stalls/parks at a strong S/R, and it 'd better to check H4. - when to take trade into DOL and when not trade into DOL? I think...
do the same trade but different result, very good trade likica
Attached Image (click to enlarge)
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  • #15,018
  • Jul 27, 2016 12:31am Jul 27, 2016 12:31am
Quoting longbk
{quote} do the same trade but different result, very good trade likica {image}
Thanks Longbk. What I usually find that when entering on 3rd or 4th or later, we tend to be shaken out by retrace (remember Big E stated a move run between 5-8 candles), unless you know where you r standing or it's too hard to stay in. Therefore, try not to get in late, if you r late for a good trade, wait for a retrace then get in and make sure you don't trade into S/R
Appreciation is the key to wealth and happiness
  • #15,019
  • Jul 27, 2016 12:32am Jul 27, 2016 12:32am
To all, today is FOMC. Take care of your bags and treat yourself and market with respect
Appreciation is the key to wealth and happiness
  • #15,020
  • Jul 27, 2016 12:43am Jul 27, 2016 12:43am
Quoting kain775
{quote} I was actually eyeing up that same trade on m30 as it was setting itself up, i had my trendlines where you had them, i even had my alerts set as i was preparing to short, my alarm triggered ... i was preparing to short and then noticed in the last 15 minutes of the bar forming it reversed and was looking too bullish at the end of the close. I looked on h1 and did not have a convincing bearish apb in my favour so stayed out of the trade. I would have taken profit too at the BRN as i saw previous price reaction there. it seems like you shorted...
hahaha...who s psychic? me? then I would not be here helping you to read PA but asking for DOB blabla...and read from cards am I right? Would I believe in a stranger telling me my future? it would be a joke to me. Anyway, I read PA not cards.
Just to remind that when you are prepared for oppotunity, get in without 2nd thought (since you prepared it well before hand ( found a good location), if in doubt, get in with a small lot and add in later...
Appreciation is the key to wealth and happiness
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