TMS for M30 charts | Page 768 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

RiskyFX-M30 System 117 replies

Pulse M5, M15, M30,H1+ 9 replies

London Open Breakout-M30 57 replies

M30 Rainbow Madness 23 replies

Different between time frames M30 1H and 4H 2 replies

Attachments: TMS for M30 charts
Exit Attachments

TMS for M30 charts

  • #15,341
  • Aug 16, 2016 6:17pm Aug 16, 2016 6:17pm
Quoting kain775
I'm really quite pissed off. spotted a setup on gbp/nzd m30 during Asian session -when price made yesterdays high it also hit the 200ema so multi support - divergence for continuation on h1 - weak pcrf setup - saw price fail to make a higher high and pass the blue resistance - saw tdi cross and went short as we had multi resistance, [this was why i entered and not because of pcrf] - set SL above the 200 ema swing high price pulled back near the 200 ema due to medium impact news but did not pass the high. the bloody spread took me out of the trade...

kain,

GN is a bugger when it comes to volatility and spread increases. Normally, a 50 pip stop loss would be enough to keep you in the trade. However, the lower liquidity of the Asian session can cause the spread to open even further. In my opinion, GN trades would be better suited for London and NY sessions... higher liquidity during those times will keep the spread from opening up so much. Maybe look to jpy pairs for trading during the Asian session.
  • #15,342
  • Aug 16, 2016 6:26pm Aug 16, 2016 6:26pm
Quoting kain775
I'm really quite pissed off. spotted a setup on gbp/nzd m30 during Asian session -when price made yesterdays high it also hit the 200ema so multi support - divergence for continuation on h1 - weak pcrf setup - saw price fail to make a higher high and pass the blue resistance - saw tdi cross and went short as we had multi resistance, [this was why i entered and not because of pcrf] - set SL above the 200 ema swing high price pulled back near the 200 ema due to medium impact news but did not pass the high. the bloody spread took me out of the trade...
GN has that problem for few hours at the beginning of Asian sessions, especially with NZ local news and low liquidity added to the wide spread that pair normally got, makes spread go wild.....crazy wild sometimes. Try not the loses effect your state of mind,as long as you took the trade according to your trading plan...maintain the awareness of breath to keep yourself in the state of Zen. Good luck
  • #15,343
  • Aug 16, 2016 6:33pm Aug 16, 2016 6:33pm
I have my charts set to show the ask line so that I can get a quick visual of what the spread is doing on the pairs that I trade. During the Brexit, when info from the polls was being released, I saw the spread on GN go as high 300 pips. Keep an eye on the calendar for high impact news. Of course, "breaking" high impact news not on the calendar, can't be avoided. But, you do the best you can and keep your money management in line to protect your capital. I used to have a screenshot of GN when it did that 300 pip spread but, I must've deleted it.
  • #15,344
  • Aug 16, 2016 9:08pm Aug 16, 2016 9:08pm
Quoting sknight1
{quote} kain, GN is a bugger when it comes to volatility and spread increases. Normally, a 50 pip stop loss would be enough to keep you in the trade. However, the lower liquidity of the Asian session can cause the spread to open even further. In my opinion, GN trades would be better suited for London and NY sessions... higher liquidity during those times will keep the spread from opening up so much. Maybe look to jpy pairs for trading during the Asian session.
Wouldn't be nice to have a burger for breakfast?. Good to see you around S.
I survived EN due to my nice cat ears hat without me monitoring it.
Attached Image (click to enlarge)
Click to Enlarge Name: 16.8.16 EN CE S@US PM (o.9) +66.png Size: 54 KB
Appreciation is the key to wealth and happiness
  • #15,345
  • Aug 16, 2016 9:14pm Aug 16, 2016 9:14pm
Quoting TheScorpS
{quote} Thanks , another one but on EUR/AUD after US news long for +50 pips {image}
nice set up TSS

Quoting nefilim
US breakfast pips +54 {image}
too good to have breakfast all day long

Quoting Scrambleguy
{quote} Hi Likica, I just wanted ask you the areas where you have drawn your hidden divergence from. I thought you would take it from a low or a high? I just looks like its drawn from a quarter way up the trend slope?
Main focus was about price kept bouncing off TL and other S/Rs and indicators both TDI & stoc were >50 showing good side for bulls, I could draw from any swing price sticking out and look for TDI peak to match and created hidden.
Appreciation is the key to wealth and happiness
  • #15,346
  • Aug 16, 2016 9:21pm Aug 16, 2016 9:21pm
Quoting sknight1
{quote} kain, GN is a bugger when it comes to volatility and spread increases. Normally, a 50 pip stop loss would be enough to keep you in the trade. However, the lower liquidity of the Asian session can cause the spread to open even further. In my opinion, GN trades would be better suited for London and NY sessions... higher liquidity during those times will keep the spread from opening up so much. Maybe look to jpy pairs for trading during the Asian session.

Quoting Kallap
{quote} GN has that problem for few hours at the beginning of Asian sessions, especially with NZ local news and low liquidity added to the wide spread that pair normally got, makes spread go wild.....crazy wild sometimes. Try not the loses effect your state of mind,as long as you took the trade according to your trading plan...maintain the awareness of breath to keep yourself in the state of Zen. Good luck


thanks for the tips guys,
will definitely think twice about trading this pair during Asian session again...
  • #15,347
  • Aug 16, 2016 9:23pm Aug 16, 2016 9:23pm
Quoting likica
{quote} Wouldn't be nice to have a burger for breakfast?. Good to see you around S. I survived EN due to my nice cat ears hat without me monitoring it. {image}

nice trading likica.

I looked on my chart and noticed the right ear was where i had a h4 trendline resistance running through
  • #15,348
  • Aug 16, 2016 10:01pm Aug 16, 2016 10:01pm
Quoting likica
{quote} Wouldn't be nice to have a burger for breakfast?. Good to see you around S. I survived EN due to my nice cat ears hat without me monitoring it. {image}

Hey L, how've you been ?

"Bugger" is American slang for "pain in the ass". Not a "burger", like the one you would eat. gbp/nzd can be a "bugger".
  • #15,349
  • Aug 16, 2016 10:19pm Aug 16, 2016 10:19pm
Quoting sknight1
{quote} Hey L, how've you been ? "Bugger" is American slang for "pain in the ass". Not a "burger", like the one you would eat. gbp/nzd can be a "bugger".
I m well, thanks. Hope all is well with you too S. Thanks for adding to my vocabulary, it was not too early in the morning my time but my eyes did not see the differences. Maybe I was too busy thinking about burger for breakfast
Appreciation is the key to wealth and happiness
  • #15,350
  • Aug 16, 2016 10:23pm Aug 16, 2016 10:23pm
Quoting likica
{quote} I m well, thanks. Hope all is well with you too S. Thanks for adding to my vocabulary, it was not too early in the morning my time but my eyes did not see the differences. Maybe I was too busy thinking about burger for breakfast

Lots of recent road trips to doctors in the past six weeks. At least two surgeries, possibly more, scheduled for the end of August. I am not looking forward to those at all.
  • #15,351
  • Aug 16, 2016 10:26pm Aug 16, 2016 10:26pm
Quoting sknight1
{quote} Lots of recent road trips to doctors in the past six weeks. At least two surgeries, possibly more, scheduled for the end of August. I am not looking forward to those at all.
They all will be over soon S. Take care
Appreciation is the key to wealth and happiness
  • #15,352
  • Aug 16, 2016 10:41pm Aug 16, 2016 10:41pm
Quoting likica
{quote} They all will be over soon S. Take care
Thanks hon.
  • #15,353
  • Aug 17, 2016 1:04am Aug 17, 2016 1:04am
GA has bullish divergence on D1, will wait for GBP news out and will get in a retrace...
Attached Image (click to enlarge)
Click to Enlarge Name: 17.8.16 GA D1 DIV B.png Size: 33 KB
Appreciation is the key to wealth and happiness
  • #15,354
  • Aug 17, 2016 1:49am Aug 17, 2016 1:49am
I'm in ECad short: head and shoulders, trendline break and rejection from pivot. I have concerns that it's also an ascending triangle and it's above the TDI50/34ema lines. Comments welcome.
Attached Image (click to enlarge)
Click to Enlarge Name: ECad17Aug.png Size: 82 KB
Thanks for your help, warmth and straight talking Heather.
  • #15,355
  • Aug 17, 2016 3:21am Aug 17, 2016 3:21am
Quoting Kanderpro
I'm in ECad short: head and shoulders, trendline break and rejection from pivot. I have concerns that it's also an ascending triangle and it's above the TDI50/34ema lines. Comments welcome.{image}
Looks it's stuck between Day 10EMA, 4H 10EMA, WK 10 EMA, 4H 200 EMA.... Good luck anyway...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #15,356
  • Aug 17, 2016 3:39am Aug 17, 2016 3:39am
Quoting heispark
{quote} Looks it's stuck between Day 10EMA, 4H 10EMA, WK 10 EMA, 4H 200 EMA.... Good luck anyway...
Thanks heispark. I hadn't realised when I entered that it's on the D1 and H4 TDI50/34ema lines, so it could go either way. That dashboard at top right on my chart is a 34ema dashboard which I'm not looking at too much at the moment - I think I need to look at the D1 and H4 charts before I enter.
Edit: stopped out. Also, there is a hidden divergence that I hadn't spotted.
Thanks for your help, warmth and straight talking Heather.
  • #15,357
  • Aug 17, 2016 3:46am Aug 17, 2016 3:46am
Quoting Kanderpro
I'm in ECad short: head and shoulders, trendline break and rejection from pivot. I have concerns that it's also an ascending triangle and it's above the TDI50/34ema lines. Comments welcome.{image}
It looks long all over..GL
the cautious seldom err....C
  • #15,358
  • Aug 17, 2016 3:51am Aug 17, 2016 3:51am
Quoting Kanderpro
I'm in ECad short: head and shoulders, trendline break and rejection from pivot. I have concerns that it's also an ascending triangle and it's above the TDI50/34ema lines. Comments welcome.{image}


I took this too. noticed a pcrf setup, and it had multi support of pivot and trendline and just about have divergence too.
initially i noticed the dol, 200ema and brn may cause problems as it was in it's way ....but usually these don't seem to trouble pcrf setups so i took the short. Noticed that price was very reluctant to go down ....and then noticed it finally looked like it was going through all that support. I started smiling at that point ....and then it really looked like it was gonna get through with the live candle a healthy sized bearish apb, ... I think I even started singing then...

then i noticed price whip back, and started to get that all too familar unsettling feeling. Price closed on a bullsih outside bar @ support, and also there was divergence. A valid setup in the opposite direction had formed. Reluctantly I decided to GTFO and close my trade.

so far, looks like it may have been the right decision as price has gone above where my SL was.

I was able to get out for a small loss because I noticed the warning signs.


note to self though: next time don't short into multi resistance with pcrf setups

I almost took the pcrf on eur/aud too but it was a weak pcrf so i decided not to. good job i didn't!
Attached Image (click to enlarge)
Click to Enlarge Name: pcrffailedcauseofmulti.png Size: 29 KB
  • #15,359
  • Aug 17, 2016 3:54am Aug 17, 2016 3:54am
Quoting pips29
{quote} It looks long all over..GL
Thanks for your comment pips29. I'm not totally convinced. On a more general note, I suppose I should put a stop above the head rather than the shoulder.
Thanks for your help, warmth and straight talking Heather.
  • #15,360
  • Aug 17, 2016 4:02am Aug 17, 2016 4:02am
Quoting Kanderpro
{quote} Thanks for your comment pips29. I'm not totally convinced. On a more general note, I suppose I should put a stop above the head rather than the shoulder.

Imo the fat lady had sung and it was "over" as soon as price had gone above the swing high. Price has now gone above the other high now too so it's most definitely over.
22 traders viewing now