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TMS for M30 charts

  • #15,161
  • Aug 3, 2016 1:28am Aug 3, 2016 1:28am
Quoting bodal
{quote} thank you for the answer but excuse me , what is' MM' ( I know Multiple entries Multiple exit , Money Management but it seems not to work here ?)
hehehe, none of the above. It's Market Makers
Appreciation is the key to wealth and happiness
  • #15,162
  • Aug 3, 2016 1:42am Aug 3, 2016 1:42am
Quoting likica
{quote} The pair reached ADR max at LO, need to reverse, you need to keep eyes on PA and TDI (see what I marked on my chart). Having a habit to draw trend line manually helps too Edit: I just noticed you have ADR and trend line on your chart too, are other stuffs (little stars and zigzag) helping you with trading decision? if not, take them off so you can see PA clearer. {image}
You are very right for ADR , I have it but did not use it this time because I was focused on DOL or divergence , trendline or LO because it was the morning here , would it be afternoon or second part of LO , I would have been more aware of this indicator and its informations ! Stupip reaction as it was obvious, thank you for the lesson !

Stars on my charts are coming from a recent indicator to detect 'outside bars' and it's due to you as you give me the advice that in case of an outside bar against my trade , it's better to exit in order to limit losses , and I must admit that this spares me lots of pips as I was waiting a trade to touch whether SL or TP. Set and forget to avoid exiting too quickly when winning !

As for zigzag , it's only an habit.
  • #15,163
  • Aug 3, 2016 1:48am Aug 3, 2016 1:48am
[quote=likica;9064097]
Quoting Kednort
Hi, Newbie here. with newbie question..
on likica first post that his trading time is FO LO NY, if this is when you start to look, when will you stop to look for a trade? after 11.30am E.S.T btw, I am She
thank you for the reply, likica
you made it clear,

Few things i am still confused
DOL = S/R and Daily High Low = another S/R to watch?
Inside Bar - I sometimes go in from the breakout of this bar in conjunction with TDI << please give an image example?
when is the start and the end to look for a trade? Start at LO, stop looking at LO +9.5hours? end at 11.30am E.S.T?
what about NY?

i don't know if you are a female
Thank you likica
  • #15,164
  • Aug 3, 2016 3:01am Aug 3, 2016 3:01am
Tonight trade
Attached Image (click to enlarge)
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  • #15,165
  • Aug 3, 2016 7:07am Aug 3, 2016 7:07am
NZD/USD, bullish div
What do you think about this setup now?
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  • #15,166
  • Aug 3, 2016 7:38am Aug 3, 2016 7:38am
Quoting quyen607
NZD/USD, bullish div What do you think about this setup now? {image}
I see price stepping down... bulls are not ready yet. After big bearish div, I would wait for a bearish hidden to jump in a short..., not long
Attached Image (click to enlarge)
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Appreciation is the key to wealth and happiness
  • #15,167
  • Aug 3, 2016 8:16am Aug 3, 2016 8:16am
[quote=Kednort;9064167]
Quoting likica
{quote} thank you for the reply, likica you made it clear, Few things i am still confused DOL = S/R and Daily High Low = another S/R to watch? Inside Bar - I sometimes go in from the breakout of this bar in conjunction with TDI << please give an image example? when is the start and the end to look for a trade? Start at LO, stop looking at LO +9.5hours? end at 11.30am E.S.T? what about NY? i don't know if you are a female Thank you likica
- Daily High Low = Yesterday High(YH)/Yesterday Low (YL) are S/R too, study your old chart to see how price touched them at 1st touch of the day and bounced back..
- You can trade any Open to Close of that session until U.S lunch (11.30am -12pm EST), after that volume will drop and you might leave your trade overnight if you have H4 &D1 to support your trade and no red news ahead.
- Here is a breakout of an inside bar I entered after red news out.
Hihihi...why ?
Attached Image (click to enlarge)
Click to Enlarge Name: 3.6.16 GJ BHD off TL S@U.S +100.png Size: 53 KB
Appreciation is the key to wealth and happiness
  • #15,168
  • Aug 3, 2016 8:21am Aug 3, 2016 8:21am
Quoting fibo38
Tonight trade {image}
It would be more helpful if you could state reason of your trade for others to learn (what made you enter a short before TDI & APB confirmed?). Thanks. Good pipping
Appreciation is the key to wealth and happiness
  • #15,169
  • Aug 3, 2016 8:42am Aug 3, 2016 8:42am
Quoting quyen607
NZD/USD, bullish div What do you think about this setup now? {image}
Not good,the trend down @ oversold~
  • #15,170
  • Aug 3, 2016 9:31am Aug 3, 2016 9:31am
Out of GCAD div short before news
Attached Image (click to enlarge)
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Appreciation is the key to wealth and happiness
  • #15,171
  • Aug 3, 2016 9:35am Aug 3, 2016 9:35am
Big divergence off top chanel
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  • #15,172
  • Aug 3, 2016 9:37am Aug 3, 2016 9:37am
Quoting longbk
Big divergence off top chanel {image}
Nice trading Longbk.
my GU DIV
Attached Image (click to enlarge)
Click to Enlarge Name: 3.8.16 GU DIV S@NY +50.png Size: 40 KB
Appreciation is the key to wealth and happiness
  • #15,173
  • Aug 3, 2016 10:15am Aug 3, 2016 10:15am
Quoting likica
{quote} Nice trading Longbk. my GU DIV {image}
Hi likica,

For GU, GC and GA, I was waiting for another LH or trendline break after the divergence to get in a trade. But it moved down straight without making a LH. So I missed the move. Any reason you decided not to wait for another LH after the divergence?

Thank you.
  • #15,174
  • Aug 3, 2016 10:23am Aug 3, 2016 10:23am
Quoting antonym
{quote} Hi likica, For GU, GC and GA, I was waiting for another LH or trendline break after the divergence to get in a trade. But it moved down straight without making a LH. So I missed the move. Any reason you decided not to wait for another LH after the divergence? Thank you.
Look at how price got rejected muti times at that strong level (R61.8%, YH, DOL) with multi pins. Why waited?
Attached Image (click to enlarge)
Click to Enlarge Name: 3.8.16 GU DIV.png Size: 34 KB
Appreciation is the key to wealth and happiness
  • #15,175
  • Aug 3, 2016 11:44am Aug 3, 2016 11:44am
Hello L,

First post on your incredible thread,

Short Spot, hit weekly R, Almost Year high.

Cheers
Attached Image (click to enlarge)
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Silence your Ego & Your Power will Rise
  • #15,176
  • Aug 3, 2016 11:46am Aug 3, 2016 11:46am
Quoting likica
{quote} Look at how price got rejected muti times at that strong level (R61.8%, YH, DOL) with multi pins. Why waited? {image}

antonym was not the only one waiting,

I was waiting too, but for a nice looking bearish apb on h1, ...but by time it came it was too late to get good RR,

I think I see why you did not for wait for it with the above explanation.


I looked at your chart, and it looked like your SL was ontop of the m30 bearish bar?
I am reading that correctly.

why did you put it there and not the swing high? did you put it there because it's above the dol,
how did you know you would not get stopped out if your stop was not above the swing high...?
  • #15,177
  • Aug 3, 2016 12:24pm Aug 3, 2016 12:24pm
3 trades,

one occurred right at the end of the US session yesterday on phx62's favorite pair. I was a bit apprehensive about trading at that time but really liked the setup, so decided to enter with minimal lots to see if these sorts of setups may work so late in the day. On this occasion it did. got around 1:2.5 RR ...and it would have been more but i got apprehensive about price reversing and closed the trade

- PCRF candle formation m30
-mbl at 68
-divergence on h1
-price was at resistance too [purple trendline is a daily trendline]


[need to keep trailing this setup, but so far i like it. Risk Reward ratio is very healthy with these]


USD/CAD today.

saw resistance at yesterdays high
saw divergance on h1,
on h1 saw a pcrf candle formation
decided to enter aggresively whilst the last bar had cleared the low of the one before and had changed color but the bar hadn't closed yet. this cost me as the bar changed it mind right at the end negating the forming pcrf setup. decided to close my short as a result,
-rentered on m15 as i had bearish m30 bar and it was now a bounce trade below mbl
- RR 1:1.5

overall won more than lost today so can't complain.
will in future not enter pcrf setups before it has fully completed
Attached Image(s) (click to enlarge)
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  • #15,178
  • Aug 3, 2016 12:33pm Aug 3, 2016 12:33pm
My Trades today.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: USDCADH1.png Size: 101 KB
  • #15,179
  • Aug 3, 2016 1:47pm Aug 3, 2016 1:47pm
@Fibo38


Quoting likica
{quote} It would be more helpful if you could state reason of your trade for others to learn (what made you enter a short before TDI & APB confirmed?). Thanks. Good pipping


Quoting likica
{quote} It would be more helpful if you could state reason of your trade for others to learn (what made you enter a short before TDI & APB confirmed?). Thanks. Good pipping


Quoting likica
{quote} It would be more helpful if you could state reason of your trade for others to learn (what made you enter a short before TDI & APB confirmed?). Thanks. Good pipping


Quoting likica
{quote} It would be more helpful if you could state reason of your trade for others to learn (what made you enter a short before TDI & APB confirmed?). Thanks. Good pipping





























































































Quoting likica
{quote} It would be more helpful if you could state reason of your trade for others to learn (what made you enter a short before TDI & APB confirmed?). Thanks. Good pipping
  • #15,180
  • Aug 4, 2016 3:26am Aug 4, 2016 3:26am
Quoting kain775
{quote} antonym was not the only one waiting, I was waiting too, but for a nice looking bearish apb on h1, ...but by time it came it was too late to get good RR, I think I see why you did not for wait for it with the above explanation. I looked at your chart, and it looked like your SL was ontop of the m30 bearish bar? I am reading that correctly. why did you put it there and not the swing high? did you put it there because it's above the dol, how did you know you would not get stopped out if your stop was not above the swing high...?
I usually set R:R = 1:1 then adjust my SL as trade in progress in case something suddenly happen and price pullback if I am as my desk. No body knows exactly what market will do next, we can only manage our trades (not the market) that is if the market retraces/ pullback I will exit it early/top up/ expand my PT/ reduce my SL, etc.
Appreciation is the key to wealth and happiness
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