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TMS for M30 charts

  • #15,301
  • Edited 9:07am Aug 12, 2016 8:55am | Edited 9:07am
Quoting heispark
Not really a good trade I want to post... In hind sight, I had to wait until I find more decent setup. As a result, I had to have 40 pips drawdwon. It took some time to quell down remaining bulls.... +48 pips. Not much but good enough for slow Friday. {image}
It wasn't from your entry but it is heading south nicely (tdi and stoc were nice straight down) why exited early? Congrats on your green bag btw
Appreciation is the key to wealth and happiness
  • #15,302
  • Aug 12, 2016 9:32am Aug 12, 2016 9:32am
Quoting likica
{quote} It wasn't from your entry but it is heading south nicely (tdi and stoc were nice straight down) why exited early? Congrats on your green bag btw
Thanks. There was a decent resistance around pivot level (weekly, daily)... It colud run down much lower considering its high ADR after some pull-back but no one knows. Once profit exceeds SL or drawdown, nothing wrong to exit prematualy in my opinion. I was tired and didn't want to wait till the pull back stops and PA comes back. When i have more experience, my exit will be improved.
Have a nice weekend, LK.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #15,303
  • Aug 12, 2016 9:45am Aug 12, 2016 9:45am
Quoting likica
{quote} You are very welcome. We failed not because of what we didn't know but we were not always disciplined. EU shot up and filled my PT nicely before news out {image}
Hi Likica ,
May I ask you a question ?
How do you manage "Davit pivot indicator " a weekly pivot + fibbonacci projections on both sides ( R or S ) ?
- do you just consider each line as being a potential S/R ?
- do you trade away from pivot till RS68/78/100 is reached and then back for retracement ?
etc...
  • #15,304
  • Aug 12, 2016 11:53am Aug 12, 2016 11:53am
Quoting likica
{quote} surely I can see great benefit of sleeping. Nice bag btw
Thank you Likica I took same EU trade. I saw support at DOL&yesterday's low with divergence on an uptrend(above 200EMA) but left with small profit at first flip zone(yellow line), because of my timezone...drawback of sleeping after taking a trade
Wish a nice weekend to you and everyone on this thread.
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  • #15,305
  • Aug 12, 2016 5:56pm Aug 12, 2016 5:56pm
Quoting likica
{quote} You are very welcome. We failed not because of what we didn't know but we were not always disciplined. EU shot up and filled my PT nicely before news out {image}
Perfect entry lick , everyone will be successful here in TMS, but needs to be friend with time, can make mistakes and make em over million of times before stopping doing those mistakes, the one that correct those mistakes sooner see results a bit faster than the one takes longer time, although each will reach there goal

Experience matter , its what makes successful trader bag greenies and what make other starve to get some, this is life and cant just jump time and be at first, have to start somewhere and then crawls to the front, and have to keep faith and dont loose it no matter how long it takes

EA trades for the day, small pips and I missed the last and 3rd long trade on the pair but was gone sleep by the time as am away from my normal time zone

Happy Weekend Everyone and many thanks Lik for great help of yours
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I Have Learned to Take Some Losses to Make Profits
  • #15,306
  • Edited 9:36am Aug 15, 2016 9:15am | Edited 9:36am
Quoting bodal
{quote} Hi Likica , May I ask you a question ? How do you manage "Davit pivot indicator " a weekly pivot + fibbonacci projections on both sides ( R or S ) ? - do you just consider each line as being a potential S/R ? - do you trade away from pivot till RS68/78/100 is reached and then back for retracement ? etc...
Always look left and watch PA. I can't tell you how important those 2 tasks are. Indicators are doing their jobs as indicating, don't rely solely on them regardless of any pivot or fibs. Keep in mind that market acts differently from those levels (pivots/fibs) when it is ranging compared to trending.
Appreciation is the key to wealth and happiness
  • #15,307
  • Aug 15, 2016 10:05am Aug 15, 2016 10:05am
thank you Likica for the answer.
By the way , I dedcided to focus my attention on one single pair : Eur/Usd , and try to be consistently positiv on that one before running after severals "rabbits" !
First trade today ; +22 pips , away from confluence : DOL , Emas 200/50/10 , trendline , weekly pivot(Davit 's pivot) and closed it just before round number.
Attached Image (click to enlarge)
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  • #15,308
  • Edited 11:53am Aug 15, 2016 10:32am | Edited 11:53am
GN trade. Took it because price was pulling back at resistance(1.previous resistance,2.yesterday's high,3.pivot),downtrend with TDI divergence(on H1)..couldn't wait for price to break DOL due to sleep time
wish everyone a profitable week
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  • #15,309
  • Aug 15, 2016 12:07pm Aug 15, 2016 12:07pm
Quoting Kallap
GN trade. Took it because price was pulling back at resistance(1.previous resistance,2.yesterday's high,3.pivot),downtrend with TDI divergence(on H1)..couldn't wait for price to break DOL due to sleep time wish everyone a profitable week {image} {image}


nice setup,

I saw a similar setup on gbp/aud or something but decided to leave it because of dol.

was kinda annoyed when i saw price go through dol and onto where my profit target would have been

Quoting bodal
thank you Likica for the answer. By the way , I dedcided to focus my attention on one single pair : Eur/Usd , and try to be consistently positiv on that one before running after severals "rabbits" ! First trade today ; +22 pips , away from confluence : DOL , Emas 200/50/10 , trendline , weekly pivot(Davit 's pivot) and closed it just before round number. {image}

eur/usd is kinda a slow pair and doesn't have much setups

there's a reason likica prefers the crosses *hint* *hint*
  • #15,310
  • Aug 15, 2016 6:44pm Aug 15, 2016 6:44pm
Gold -42 pips loss... market didn't have momentum....
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #15,311
  • Aug 15, 2016 6:54pm Aug 15, 2016 6:54pm
Quoting heispark
Gold -42 pips loss... market didn't have momentum.... {image}
why went short while no divergence and price was making higher highs higher lows J?

Quoting Kallap
GN trade. Took it because price was pulling back at resistance(1.previous resistance,2.yesterday's high,3.pivot),downtrend with TDI divergence(on H1)..couldn't wait for price to break DOL due to sleep time wish everyone a profitable week {image} {image}
I missed that set up. Nice run

Quoting bodal
thank you Likica for the answer. By the way , I dedcided to focus my attention on one single pair : Eur/Usd , and try to be consistently positiv on that one before running after severals "rabbits" ! First trade today ; +22 pips , away from confluence : DOL , Emas 200/50/10 , trendline , weekly pivot(Davit 's pivot) and closed it just before round number. {image}
Good start for the week. Set your rules and stick with them, you will get there. Better have 2 pairs in your hand while you are watching market. I called it leverage my time.
Appreciation is the key to wealth and happiness
  • #15,312
  • Aug 15, 2016 7:04pm Aug 15, 2016 7:04pm
Quoting likica
{quote} why went short while no divergence and price was making higher highs higher lows J? {quote} I missed that set up. Nice run
It had divergence, not from TDI but from Stochastics. Yes, my entry was too early (that's what I need to fix) but I felt there were some downside pressure. It also bounced from Day/4H 10 EMAs. If market had momentum, I guess I was able to take 40-50 pips profit or at least moved SL to BE when it exceeds about 30 pips.... Vigorless market is the biggest enemy to this strategy I think.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #15,313
  • Aug 15, 2016 7:19pm Aug 15, 2016 7:19pm
Quoting heispark
{quote} It had divergence, not from TDI but from Stochastics. Yes, my entry was too early (that's what I need to fix) but I felt there were some downside pressure. It also bounced from Day/4H 10 EMAs. If market had momentum, I guess I was able to take 40-50 pips profit or at least moved SL to BE when it exceeds about 30 pips.... Vigorless market is the biggest enemy to this strategy I think.
I don't know what setting you have for your stoc, mine is 8,3,3 and no div. Don't get too excited about pivot or 200ma without attention to PA when trading on small time frame than H4, specially when there was long weekend in Eu.
Appreciation is the key to wealth and happiness
  • #15,314
  • Aug 15, 2016 7:21pm Aug 15, 2016 7:21pm
Quoting bodal
thank you Likica for the answer. By the way , I dedcided to focus my attention on one single pair : Eur/Usd , and try to be consistently positiv on that one before running after severals "rabbits" ! First trade today ; +22 pips , away from confluence : DOL , Emas 200/50/10 , trendline , weekly pivot(Davit 's pivot) and closed it just before round number. {image}
Do that bodal, even when the pair ranges , but keep on trading 1 pair until u get to reach ur goal, thats the only way I see it possible in trading , with 1 u can learn much more than 5 , and when u trade 5 u might learn a lot lesser than u might think , no reason to stop looking at other pairs just to see how they behaved along the session but to open a trade it should always be EU in ur case and EUR/AUD in my case
I Have Learned to Take Some Losses to Make Profits
  • #15,315
  • Aug 15, 2016 7:24pm Aug 15, 2016 7:24pm
Quoting likica
{quote} I don't know what setting you have for your stoc, mine is 8,3,3 and no div. Don't get too excited about pivot or 200ma without attention to PA when trading on small time frame than H4, specially when there was long weekend in Eu.
I use the same setup (8,3,3) and I think I had:
Attached Image (click to enlarge)
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Anyway, thank you for your advice as usual. It helps...
Have a nice day.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #15,316
  • Aug 15, 2016 7:24pm Aug 15, 2016 7:24pm
Quoting heispark
Gold -42 pips loss... market didn't have momentum.... {image}
As lick mentioned gold has a strong TL thats was not broken , thats why Gold pushed strongly up with US news , and then later hits another Res TL the same day and pushed back down to the same TL that was support where u have taken short, actually yesterday TDI on Gold was flat all around and thats can tell us that it was not a trade-able day

Good luck for next trade and thanks for sharing your trades
I Have Learned to Take Some Losses to Make Profits
  • #15,317
  • Aug 15, 2016 7:30pm Aug 15, 2016 7:30pm
Quoting TheScorpS
{quote} As lick mentioned gold has a strong TL thats was not broken , thats why Gold pushed strongly up with US news , and then later hits another Res TL the same day and pushed back down to the same TL that was support where u have taken short, actually yesterday TDI on Gold was flat all around and thats can tell us that it was not a trade-able day Good luck for next trade and thanks for sharing your trades
Yes, TSS. You are correct. Monday in mid August is not a good day to trade. If market had momentum, it would have moved much higher after taking my SL...
Enjoy your trading day!
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #15,318
  • Aug 15, 2016 7:31pm Aug 15, 2016 7:31pm
Quoting heispark
Gold -42 pips loss... market didn't have momentum.... {image}

all small m30 candles and did you start the day looking at the D1 chart candles for its price action and its support and resistance?

do you have a rule : not to sell into the Day Open ?
this rule will help pick only the best setups to trade.
there were H1 support below too and you also traded against the H1 PA and TDI.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,319
  • Aug 15, 2016 7:38pm Aug 15, 2016 7:38pm
Quoting emmanuel7788
{quote} all small m30 candles and did you start the day looking at the D1 chart candles for its price action and its support and resistance? do you have a rule : not to sell into the Day Open ? this rule will help pick only the best setups to trade. there were H1 support below too and you also traded against the H1 PA and TDI.
Well, I saw DOL but didn't care much. It's broken anyway when PA has momentum. As long as there is enough room for move up/down, I don't specifically care about higher TF TDI... Anyway, thank you for the advice!
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #15,320
  • Aug 15, 2016 10:57pm Aug 15, 2016 10:57pm
Asian breakfast pips
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only 100 pips / week
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