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TMS for M30 charts

  • #15,081
  • Jul 31, 2016 7:50am Jul 31, 2016 7:50am
Quoting kain775
{quote} [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...
I ve got all your points Kain.
I might have sound frustrated on my prev post but the reason was not about traders asking, but about traders who have been following my trading style but don't have their charts setting up the same as mine while adding more stuff on hoping to get a better result. Let talk this in a simple way, if you wish to see what I see, the first and basic step you need to do is having exact same tools I use and my setting (no more no less), knowledge and experience will follow once you learn and practise and of course your self discipline will determine your result.
Let now look at your chart, can you see the different between your chart and my chart? If you say you see it better your way, go with it but pls state your reasons so others and I can learn from it. But when traders came asking me, I had to bring my chart up because their charts were too busy with other things that I was unable to see PA and sometimes I got tired and ignored their posts ( I encouraged traders to keep charts as clean and clear as possible for PA view).
I didn't notice about subscribers issue, Kain. Sorry to hear about your loss. You got us here now. There s always a price to pay to gain something
It makes me motivated to see you and others making progress. Keep it up!
Take care and have a good Sunday.
Appreciation is the key to wealth and happiness
  • #15,082
  • Jul 31, 2016 7:57am Jul 31, 2016 7:57am
Quoting VinceHS
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...
Thanks for your kind words VinceHS.
I will turn off my PM and have a break now

May greenies be with you all in August
Appreciation is the key to wealth and happiness
  • #15,083
  • Aug 1, 2016 3:40am Aug 1, 2016 3:40am
market not so move because various bank holiday

a little info!


I have 2 divergence to market and go short
(news incoming in a few minutes GBP)
I have never think about this question there are divergence more or less important ??
in this case both give a short signal it's ok

but if
a divergence ipotetic "1" give a signal short e in a few candle divergence "2" give a long signal what to do?

thanks to all
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  • #15,084
  • Aug 1, 2016 3:54am Aug 1, 2016 3:54am
Quoting pinux76
market not so move because various bank holiday a little info! I have 2 divergence to market and go short (news incoming in a few minutes GBP) I have never think about this question there are divergence more or less important ?? in this case both give a short signal it's ok but if a divergence ipotetic "1" give a signal short e in a few candle divergence "2" give a long signal what to do? thanks to all {image}
You would need to look at the price action as well as divergence to tell you, also learn to draw divergence properly. Draw the line on the indicator peaks and the corresponding candle on price. In the case above you will find div 2 is not a short signal. http://www.babypips.com/school/high-...eat-sheet.html
Success means going from failure to failure without loss of enthusiasm
  • #15,085
  • Aug 1, 2016 3:54am Aug 1, 2016 3:54am
Quoting lisat
{quote}Div 2 is not bullish divergence, firstly to see bullish divergence you need to mark the lows not the highs and second draw the lines properly line up the peaks of the indicator to the corresponding candle and you will find div 2 is also short. http://www.babypips.com/school/high-...eat-sheet.html

thanks Lisat in this case i saw that the divergence market 2 in more a double top

but in my mind the idea was if 2 divergne in a little time appear 1 to go short and the secondo to te opposite direction :-)
what to do , stay flat exit etc
  • #15,086
  • Aug 1, 2016 4:08am Aug 1, 2016 4:08am
Quoting pinux76
{quote} thanks Lisat in this case i saw that the divergence market 2 in more a double top but in my mind the idea was if 2 divergne in a little time appear 1 to go short and the secondo to te opposite direction :-) what to do , stay flat exit etc
I mis read your post first time apologies for that I since changed my answer.
Success means going from failure to failure without loss of enthusiasm
  • #15,087
  • Aug 1, 2016 4:28am Aug 1, 2016 4:28am
Quoting pinux76
market not so move because various bank holiday a little info! I have 2 divergence to market and go short (news incoming in a few minutes GBP) I have never think about this question there are divergence more or less important ?? in this case both give a short signal it's ok but if a divergence ipotetic "1" give a signal short e in a few candle divergence "2" give a long signal what to do? thanks to all {image}
Good shot. Hope you managed to get big bag. The pair is reaching S/R. I m out of GJ
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Appreciation is the key to wealth and happiness
  • #15,088
  • Aug 1, 2016 4:32am Aug 1, 2016 4:32am
my little bag from EG hidden off TL
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Appreciation is the key to wealth and happiness
  • #15,089
  • Aug 1, 2016 4:44am Aug 1, 2016 4:44am
Quoting likica
{quote} Good shot. Hope you managed to get big bag. The pair is reaching S/R. I m out of GJ {image}

yes exit 50% position at + 50 pips

and the rest at +70 pips now flat
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  • #15,090
  • Aug 1, 2016 5:26am Aug 1, 2016 5:26am
Quoting likica
my little bag from EG hidden off TL {image} {image}
Could I just ask a question I noticed you no longer have the price bars showing just the synergy apb bar can you tell me if that helps you as I tried it and it does not show the actual close so how do you know for instance that there is a bullish/bearish outside bar etc?
Success means going from failure to failure without loss of enthusiasm
  • #15,091
  • Aug 1, 2016 5:36am Aug 1, 2016 5:36am
Quoting lisat
{quote}Could I just ask a question I noticed you no longer have the price bars showing just the synergy apb bar can you tell me if that helps you as I tried it and it does not show the actual close so how do you know for instance that there is a bullish/bearish outside bar etc?
I feel relaxed when I only need to look at synergy APB not candlesticks or bars. Important thing to look for is levels then PA with TDI & STOC, an outside apb can be seen as an outside APB. It has been a few years since I started trading TMS tho. Keep it nice and clear for my eyes
Appreciation is the key to wealth and happiness
  • #15,092
  • Aug 1, 2016 5:39am Aug 1, 2016 5:39am
Quoting likica
{quote} I feel relaxed when I only need to look at synergy APB not candlesticks or bars. Important thing to look for is levels then PA with TDI & STOC, an outside apb can be seen as an outside APB. It has been a few years since I started trading TMS tho. Keep it nice and clear for my eyes
Thank you for the clarification. I have been reading up on what the apb bars shape means and I thought this would suit me as well. I only noticed when I put your green grey template on.
Success means going from failure to failure without loss of enthusiasm
  • #15,093
  • Aug 1, 2016 7:24am Aug 1, 2016 7:24am
Quoting likica
{quote} 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...


Thanks for clarification Likica you are an angel this helps a lot as well as stoch, didn't have the right idea how to use it along with TDI properly and now I see it better.
  • #15,094
  • Aug 1, 2016 7:54am Aug 1, 2016 7:54am
EA +40

Break of trend line, div., off support.
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  • #15,095
  • Edited 9:12am Aug 1, 2016 8:54am | Edited 9:12am
GU tf 30
divergence for entry long
Doll with support at 78.3 fibo
but don't break trend line

see what happen




answer only indecision candle
no trade entry
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  • #15,096
  • Edited 9:46am Aug 1, 2016 9:18am | Edited 9:46am
Quoting likica
{quote} I ve got all your points Kain. I might have sound frustrated on my prev post but the reason was not about traders asking, but about traders who have been following my trading style but don't have their charts setting up the same as mine while adding more stuff on hoping to get a better result. Let talk this in a simple way, if you wish to see what I see, the first and basic step you need to do is having exact same tools I use and my setting (no more no less), knowledge and experience will follow once you learn and practise and of...

Hi,

hmmmm.

when you put it like that, I must admit I do see the logic why our charts should look exactly like yours.
On my last trades posted I have differant stoc settings to you. These were left over from the mehdi thread. I've sorted this out now and am now using stoc settings 8,3,3 (I am assuming you are using close price?) , I am also using the h4 indicator on my last charts. This is experimental on my part and I have it on a few of my charts just to see if it will help me read what the h4 is doing better, I notice 1 or 2 others use it sometimes. Often i find it a bit difficult to see properly the true candle formations on h4 because the apb's are in the way. I am not sure if it's helping me yet, but i since i am on demo i think it's worth keeping on just a few charts just to see if it helps. However if you really think it is detrimental to my trading then i will take it off. I had AO on a few charts and got rid of this as I didn't really think it was helping. Also usually on my charts I am using a differant ATR7 indicator ontop of your one. Your one i believe is ATR7 and most of the time it gives the same value as my one, ...but every so often there is a discrepancy where your one gives a value 10% - 15% more than my one. I actually almost lost a trade on friday because I had my TP at like the 69% ATR of your indicator, whilst on my Indicator the same TP was located at like 73% of ATR. I aim to take TP before 70% of ATR to ensure a fill, and on that day my TP was missed by merely a pip. I have reason to believe that sometimes your ATR gives false value's so that's why I have my ATR too. your ATR has more features than mine such as showing amount of pips travelled in a day so that's why I don't get rid of it. Majority of the time both ATR's will give the same figure, but on the times when they don't I shall be trading using the value from my one as I am 100% my one is ATR7.

One more difference I have noted between our charts is that you are using the old style APB's?,
The new APB's simply give more information on momentum so that's why I use them. For example I would not take a blue APB as a setup bar if the wicks were still red on my APB's, your APB's does not provide that kind of detailed information and are either one color or the other.


that's basically it for the discrepancies at this point.
I don't think there's anything major im doing now or have on my charts that is differant to yours
  • #15,097
  • Aug 1, 2016 9:39am Aug 1, 2016 9:39am
Had a winning trade today at 1:2 RR

Since I am getting good at counter trading using likica's method I decided to see if i could combine it with some phx stuff to see if i could get an earlier entry. It seemed to of worked in this case, I shall post the trade later, along with my conditions for initiating the trades.


However, my HH/HL trading still needs some work
This trade lost, and so did another I was thinking of entering but didn't. I used minimal lots for this trade as I am not good at HH/HL trading.

my thinking process for taking the trade was as follows:

-Divergance of low, with another swing,
-Low is at one of davits pivots support levels
- we had a high, then a perceived lower high
-percieved lower high had atleast double bottoms
- we had a break of the trendline
- we had a nice blue apb
-tdi cross above mbl
- i entered on a pullback
-atr still plenty to go
- can see no blockages between price and my tp
- US news was many hours away
- the swing down when looking left looked fine to me


im not sure why this failed.
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  • #15,098
  • Aug 1, 2016 10:54am Aug 1, 2016 10:54am
4 trades today : 2 breakeven +- 1 pip for EU and EG
1 loss ECad for -21 pips (too tight a stop loss , I think)
1 win for +34 pips EA (away from DOL , 200ema and a divergence but some candles ago)

My point is in the case of the divergence of EA : how long do you consider a divergence as efficient ? how many candles etc...
Can this question may be answered ?
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  • #15,099
  • Aug 1, 2016 11:26am Aug 1, 2016 11:26am
Quoting kain775
Had a winning trade today at 1:2 RR Since I am getting good at counter trading using likica's method I decided to see if i could combine it with some phx stuff to see if i could get an earlier entry. It seemed to of worked in this case, I shall post the trade later, along with my conditions for initiating the trades. However, my HH/HL trading still needs some work This trade lost, and so did another I was thinking of entering but didn't. I used minimal lots for this trade as I am not good at HH/HL trading. my thinking process for taking the trade...
I see the following
TDI green and stochi heading down at your entry
50 ema directly above
Support where you marked High

Also how many weekly pivot indicators do you need
Never argue with a fool; onlookers may not be able to tell the difference.
  • #15,100
  • Aug 1, 2016 12:20pm Aug 1, 2016 12:20pm
Quoting kain775
Had a winning trade today at 1:2 RR Since I am getting good at counter trading using likica's method I decided to see if i could combine it with some phx stuff to see if i could get an earlier entry. It seemed to of worked in this case, I shall post the trade later, along with my conditions for initiating the trades. However, my HH/HL trading still needs some work This trade lost, and so did another I was thinking of entering but didn't. I used minimal lots for this trade as I am not good at HH/HL trading. my thinking process for taking the trade...
I cannot see the divergence you refer to.
Success means going from failure to failure without loss of enthusiasm
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