TMS for M30 charts

EU +45, off DOL and 2x pivot, hidden div, 1.32 tested twice today

EDIT: Sorry it was GU

Nice trading J.
GU has similar move too

UCAD bounced off SR with hidden divergence after news out.

I was not avail, just saw your post. Hope you didn't trade into Weekly S/R as it was bounced off that level and turned around sharply an hour after LO.

Welcome to M30 Kallap,
Thanks for your kind words. All the best to you and your trading.

No no i have not entered but in every case from the entry the price go to >80 pips and when a trade arrived at >=50 i have a stop in profit with free trade

my doubt was not weekly or other resistance!
but the rule for entry! i don't find tms30 divergence or other and i not enter!

thanks

ECAD off S/R with bearish divergence

Thank you Likica!
EurCad trade

4 trades today , 3 wins EU +39 (a long trade !) , EG +36 , ECad +24 and a stupi loss ENZ -48 (I saw and draw the white trend line while the trade was already taken but I let it go, hoping on luck but I was already pessimistic !)
total : 39 + 36 + 24 - 48 = 51 pips

my trade for today

Likica, can we do a little case study?

Regarding GU chart from today. I attached a screen on which I noticed that it is possible that I would try to enter in the place I marked with an arrow if I was at my desk.
The reasoning would be: price stepping up, no contra div, cross of TDI, DOL near - price bounced off it, red trend line. The only thing that could stop me is that price stopped (candle closed) exactly at 1.32 so the resistance is still not broker. Or is it? The questions is, do you see any other things that would stop you from entering here?

Thanks in advance and great trading today as always!

Good question J.
I was not avail for trading during LO on the day either. Would I get in that GU long if I were avail? No, I would not even price was making higher highs but those 2 highs with long wicks (which you highlighted them as HH) telling me bulls were forced specially second high trying to go thru BRN but closed below it as you mentioned . Looking at stoc below 50 also gave me another reason to wait for next move. I usually look at PA @s/r but need TDI and stoc to tell me if bulls/bears are ready, sometimes I jump in early when spotting a good location/area while TDI and stoc an't ready, but I do pay attention to those candles stall at that level too, to see their close/high/low, etc. You would see some of my trades specially CAD pairs....if you had closer looks

I was asked by a PM from a trader how to read HL HH LH LL, etc. He was expecting short on GU and going long was against his rules, I have no idea what is in his rules, so when seeing me with a winner by going long making him confused.
I know sometimes it's not easy for some traders asking for help in front of public, however, I will give my answers on here for the benefit of that trader and for others who wish to improve their trading.
Here is my GU with my marks, after big move down on GU last week, market moved up but staying below my weekly pivot (green line) and 200MA then moved down and created a bullish divergence. When we see a divergence, we know that market will change trend soon, expecting a short after a bullish divergence formed is against market condition on the time frame we trade. If you are sitting there counting LH LL and ignore other factors such as divergence, S/R nearby, you only focus to a small corner of a picture, while you need look at a whole pic to see the meaning.

Your loss on EN was very obvious as price was closed below S/R (multi levels: DOL, Weekly pivot, ATR reached). I have attached my chart here with for other to see S/R and how price reacted around the level I mentioned. I see you have those levels on your chart but other things makes your chart look too busy but important things seem to be overlooked/ignored. You would say, since the previous swing you see price made higher compared to the one before that, look at candle closed with a long wick would say something not so bullish to guess that bulls was forced and failed.

It's a bit funny but true as someone made a remark, saying that we tend to admire someone successful and try to do what that person do, however, they only copy 1/3 and leave out 2/3 and claim that they fail and the method is not working for them. In this thread, how many have the same chart layout/ setting as I have? Giving me all sorts of questions both PM and in the thread despite what I tried to do to make it look clearer for them. Anyway, my method is not the only method to give greenies, if it is not working for you, move on. No trust, no discipline, no confidence, no good result ( you hardly see me writing something negative, but this time, I got '4 no' here to surrender. Think about it and let me know as I don't know if I still have motivation to keep posting.

thanks for the anwser Likica , but on same graph i see not your divergence :-(, but another on the 240(for big view) and report on your tf 30
this is why have write pm to you, because i was so confused!!
time to back to study and don't write more stupid pm

It's good that you recognized the set up (big hidden divergence) at S/R if you look left to see that price was choppy around and reversed (it s appro 76.4%Fib of last swing A ), it moved down and also stopped and [email protected]% of B. Amazing to see....Don't come back to ask more about Fib levels, you want to measure them, it's good to do a little bit extra works if it helps you to gain more greenies, or just simply remember to look left.
It s not stupid PM, and if you think your question/PM was stupid then my answer would be stupid too. I think it was the way you wrote that was not clear so I had to guess what you meant, and I don't blame you as it is not your 1st language and it's the same with me. I wanted to point out that don't only focus on HL HH or LH LL without looking at S/R nearby (look left).

[It's the weekend so I have time to type a long post]

Hi likica,

sorry to see you are getting frustrated, but what you must realise with forex threads is that you often get traders making mistakes which seem very basic and perhaps mistakes you would find silly ..., or errors you have pointed out before however.... all this seems to come with the territory of being a thread starter or "adopting" a thread with a missing OP

It is usually not deliberate on behalf of the trader, yes you sometimes get traders who are lazy and can't be bothered to read more than the first 2 pages. Sometimes we just "forget" ...or don't understand the core concepts crystal clearly. by the looks of things in his eur/nzd loss bodal forgot on that occasion. He usually has more winners than looser's I notice.

before I joined forex factory I started my forex journey on babypips and opened my first live positions around december 2012, i doubled my account in about a week and thought i was the dogs bollocks and would soon be filthy rich ....only to loose 70% of my account the week after. In february 2013 I started learning a new trading system after trying a few ...and pretty much stuck with the same system for 2 years. For most of that time I was without a doubt unprofitable ...and was making many mistakes i now deem very basic [in heinsight], the topic creater was not very active in the thread and rarly answered queries even when present ....this slowed my learning considerably. eventually through excessive study and adapting the method i reached something that seemed somewhat profitable. Since the OP was never here and when he was would never answer questions I found myself answering a lot of newbie questions or unprofitable traders questions [even got some in PM and got skype requests],

I could often see multiple errors on their charts when they posted their trades, errors i deemed basic or which had already been explained in the thread. I remember one guy posted his chart and I spotted 5+ errors and literally rolled my eye's thinking have you even read this thread at all?? , sometimes .. I would correct them ..only to see them make the same error on the next chart. I did keep my cool, but i have to admit it can be frustrating so i get where you're coming from. But then I remember when I first started trading that method I was much the same as them, I think the fact that I would re-read that thread more often than a morman reads his Bible was what helped me to progress. I re read this thread very often and the fact that you answer questions means I am progressing a lot faster here than the other method. Eventually I stopped trading the other method because whilst it appeared now profitable for me, i was averaging 2 or 3 trades a month waiting for that setup where everything alligned just right ....and i want something that will give me more trades. Original method started by the OP had about 5 trades a week but i had to adapt that method significantly because of his refusal to answer questions which caused me reach roadblocks and find workarounds.

Now im in TMS i have been making similar basic mistakes that a lot of traders seem to make when trying to learn a forex system, I can only apologise ...and say they are getting less and less the more time i spend on this. A few weeks ago I posted charts where the loss could have been avoided if I remembered to draw in the trendlines or find the trendlines, i thank you for keeping reminding me ....but try not to get too frustrated if someone forgets something as it's normal. Michael Jackson when he was in the Jackson 5 would sometimes "forget" his steps when rehearsing. To help him remember each time he forgot his father would beat him. This helped him remember and he forgot less and less. Fortunately for myself and bodal you are too far away to beat us ....but please don't turn a blind eye to the mistakes as each time we are reminded we remember a little better. 80% of the time now I remember the trendline, 10% of the time i forget, 10% of the time im debating about weather what i see is a trendline because of the way the candles are closing right on it's low leaving no wick. I am remembering most of the time now the trendline.

Feedback from yourself on my trades has been very good. For my counter trend setups now, the last 4 trades in a row won when i followed everything on my trading plan, and the one on thursday/friday would have won too if i kept my bottle and didn't close off the trade early. I wrote a trading plan for multiple setups now, your suggestion to do so has been very helpful. I still need to test more the other setups but i am quite pleased with the counter trading at this stage.

So, yes .. traders are improving here, try not to get too frustrated. I notice emmanuel gets least frustrated, Davit gets most frustrated, and you somewhere in the middle. I was gonna post in Davit's thread one time and ask him a question but decided not to as I feared he might get angry at the question.



PS: I don't know why you keep getting traders asking you trading questions in pm, maybe they are worried about their subscribers leaving them. Believe it or not I once had a subscriber, but as soon as he saw me asking you lots of questions he left me. Not even a goodby or a note. Just GONE. and left my ass for dust. subscribers don't like to see the person they are subscribed to asking lots of questions, they want to see regular insightful posts from a fountain of knowledge and many profitable trades posted. Initially I was bummed about loosing my only subscriber, but then again i didn't come to FF to acquire "subscribers", I came here to learn ... and at the end of the day subscribers don't pay the bills. If asking questions and posting loosing trades so I can get better means I loose subscribers then so be it.

Hi likica i have understand more or less ,thanks not only for word and ghraph, but for patience!!
i have studied graph from yesterday to have a big view :-D
i made this example i hope it's ok . Example Ecad tf 240 ,before point A "only check HH and HL mi "partial view " was market short, and from point A was ranging , if i see only continue to check and see HH and HL the market was short,
but when i check big image/tf ,i found below a big support (C) and view change whit a lot of divergence that speak to me check non to go short .
from point (C) many days afterthe price breakup of ranging confirm the trend to go up. but the previous divergence (yellow)have already give to me a signal , correct?
and when i put a fibo on candle A i see 78.3% good position to valutate entry ? :-)
1/2/3 and potential good entry long ?
good Sunday

Hi likica,

I'm new to using TDI and have just been lurking for a while now. First of all, I want to thank you for starting this thread. I have learned so much about trading just watching and following your trades through your eyes. You have a great sense for the market and very detailed in your explanations when questions are posted to you.

You also have a wonderful sense of responsibility which can be frustrating to you when newbies like us keep making mistakes....kain775 made some very good points in his post....wish you have to ruler to smack us for every stupid mistake .

Please take a break if you are losing motivation, turn off PM, don't read any posts, post only whenever you feel like posting. Would really hate to lose a great teacher/trader. You have supplied us with enough info for us to read and reread in the thread. And I'm sure the other traders will keep the thread going while you take a break.

Just my 2 cents and thank you very much once again for all your effort

(back to lurking mode until I can get 3/4 of Michael Jackson's dance moves )

Here is my ECAD H4 chart which has 2 setups I would go in.
- 1st trade (short sell): hidden divergence off 76.4% and 200ma and S/R (look left to see where price stallled).
- 2nd trade (buy): hidden divergence off 200ma and a trend line with price making HL HH.

Pls see how I draw my Fib (it has to start from the top or the bottom, not in the middle that you drew on your chart)

I m sorry that I don't really understand your post, so I am trying to show you my view, hope it helps you in some ways.

Pls note that I don't like my trade facing 200ma on the time frame I trade, so don't try to count HL HH or LH LL or divergence or hidden divergence without looking at 200MA (against my rules)