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TMS for M30 charts

  • #16,021
  • Oct 24, 2016 9:25pm Oct 24, 2016 9:25pm
Quoting kain775
{quote} Hello nefilim, good to see you got a green bag, I didn't lol but I would be interested to hear your opinion on my attempt [we entered the counter trade at somewhat different places. Likica's opinion would be valued as well. Even though we are not using the same TDI there was still div on synergy for me to take the trade. I noticed HH's and HL's from yesterdays low [marked in yellow] then I entered on a TDI bounce. price kept going down and closed below my brown trendline so i closed the trade. also many bars later i saw an outside bearish...
G'day to all and you Kain,
I will not say a lot except letting you spend more time study the attached chart to find out the reasons for your trade retraced. If you wish to improve, adjust your chart exactly the same portion as mine for you to have similar view and hopefully similar thinking like mine
My quote for the day:Not all lessons can be taught but they can be learnt from other' experience and self-experience.
Attached Image (click to enlarge)
Click to Enlarge Name: 24.10.16 EURJPYM30.png Size: 80 KB
Appreciation is the key to wealth and happiness
  • #16,022
  • Oct 24, 2016 9:42pm Oct 24, 2016 9:42pm
Quoting likica
{quote} what are you gonna do there? Most of them are working for a broker...you will be filling a form for a free seminar leading to a course for an amount of $US4999 - $9999 ;-)? I had so many of them on my head and on my shelf... The right knowledge won't help you much until you have the right mindset. Only pay a course if they provide you regular coaching sessions for at least 3-6months.
I thought it's free to go there,they ask for a name card from the people who go to there.I don't they also open some course to make money.Thanks for reminding.
  • #16,023
  • Oct 24, 2016 9:56pm Oct 24, 2016 9:56pm
Quoting kain775
{quote} Hello nefilim, good to see you got a green bag, I didn't lol but I would be interested to hear your opinion on my attempt [we entered the counter trade at somewhat different places. Likica's opinion would be valued as well. Even though we are not using the same TDI there was still div on synergy for me to take the trade. I noticed HH's and HL's from yesterdays low [marked in yellow] then I entered on a TDI bounce. price kept going down and closed below my brown trendline so i closed the trade. also many bars later i saw an outside bearish...
Hi kain...i wouldn't give my opinion about your entry, but i would give how my analysis when i want to take the counter trade.
When you see my picture, EJ have div and price step up make HH and HL., it's a first good sign for me to take the counter trade., but i'm not automatically open for buy. I'm looking where the nearest S/R. On that picture i see first Resistance is BRN., so i wait EJ to close above BRN level., then i looking another resistance after BRN level, and the next resistance is EMA. The distance between BRN and EMA is about 30-40 pips if i'm not wrong..so it is enough space for me to open buy EJ above BRN level and close near EMA to take 30 pips.

And when i see your picture i just can say (if i'm not wrong), you open buy EJ very close to resistance..that is maybe the price go down again..

I hope my simple analysis when i open counter trade for EJ can help you kain, and of course any opinion from other member is very welcome.

Anyway, sorry for my english, it's not my native language, but i hope you can understand my point
only 100 pips / week
  • #16,024
  • Oct 25, 2016 2:11am Oct 25, 2016 2:11am
Quoting likica
{quote} G'day to all and you Kain, I will not say a lot except letting you spend more time study the attached chart to find out the reasons for your trade retraced. If you wish to improve, adjust your chart exactly the same portion as mine for you to have similar view and hopefully similar thinking like mine My quote for the day:Not all lessons can be taught but they can be learnt from other' experience and self-experience. {image}

thankyou for the comments nifilim and likica,

I have improved recently at looking left due to people posting charts of their lookleft but obviously I still have some more room for improvement as I did not class that as a resistance. My charts for some reason I can never get as pretty as yours likica[and I have tried, maybe it is because I am using laptop .. I just don't know why the view is not as good]. I originally wanted to post a chart which showed the whole view like yours but when I tried that the candels were too small [for some reason] so I zoomed in and posted that. The reason I did not class that as resistance was not my view though, I just did not class that as lookleft resistance. I think the more and more lookleft examples I see, the better I get at it. I will take note of your lookleft here
  • #16,025
  • Oct 25, 2016 3:00am Oct 25, 2016 3:00am
Attached Image
Attached Image (click to enlarge)
Click to Enlarge Name: Likica's.png Size: 14 KB
Quoting kain775
{quote} thankyou for the comments nifilim and likica, I have improved recently at looking left due to people posting charts of their lookleft but obviously I still have some more room for improvement as I did not class that as a resistance. My charts for some reason I can never get as pretty as yours likica[and I have tried, maybe it is because I am using laptop .. I just don't know why the view is not as good]. I originally wanted to post a chart which showed the whole view like yours but when I tried that the candels were too small [for some reason]...
I didn't talk about the prettiness but it seem to look that way. compare yours and mine to spot the differences in portions you divided on each session (price and tdi and stoc), I think I repeat myself again... you focus on indies (leave too much space for them, while I focus on PA)
Appreciation is the key to wealth and happiness
  • #16,026
  • Oct 25, 2016 5:35am Oct 25, 2016 5:35am
Quoting likica
{image}{image}{quote} I didn't talk about the prettiness but it seem to look that way. compare yours and mine to spot the differences in portions you divided on each session (price and tdi and stoc), I think I repeat myself again... you focus on indies (leave too much space for them, while I focus on PA)


When you put it like that... I think I see what you mean.....

I had a little think and got rid of the "terminal" for more space. I also decreased the size of my stoc window. I left the TDI window alone because I am scared if I alter the default view the angles on the TDI will change.

Here is my new and improved view
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  • #16,027
  • Oct 25, 2016 5:53am Oct 25, 2016 5:53am
Hello people!

Nice to see a good discussion here, I've just came back from my vacation and I'm getting back to work.
I have to add that I missed the thread and I missed my charts like mad

Attached, possible short to trade on EJ. What do you think?

Cheers!
J
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  • #16,028
  • Oct 25, 2016 8:32am Oct 25, 2016 8:32am
Took the position in EA after price break DOL convincingly with nice div at resistance pivot....

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  • #16,029
  • Oct 25, 2016 8:33am Oct 25, 2016 8:33am
Quoting likica
{quote} yes, it sounds confusing if you said that. my short opened on Fri (hidden and div) was with down trend of that day on m30. today price did bounced off 1.600 but hidden div did not form as expect and price is now parking under 200ma & DOL, I am not in any buy (only profit taking, bulls not here yet). By the current look, I wont do anything, just wait and might see a short set up later during NY/US
GA continues going South today...
Attached Image (click to enlarge)
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Appreciation is the key to wealth and happiness
  • #16,030
  • Oct 25, 2016 8:47am Oct 25, 2016 8:47am
Quoting likica
{quote} GA continues going South today... {image}
similar here for GU..
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 40 KB
only 100 pips / week
  • #16,031
  • Oct 25, 2016 10:12am Oct 25, 2016 10:12am
Quoting likica
{quote} GA continues going South today... {image}

it looks like you possibly got a good risk to reward there likica, nice trading!


what specifically did you see about the price actions made you so confident to ignore the support and short through it.
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  • #16,032
  • Oct 25, 2016 10:51am Oct 25, 2016 10:51am
Quoting kain775
{quote} it looks like you possibly got a good risk to reward there likica, nice trading! what specifically did you see about the price actions made you so confident to ignore the support and short through it. {image}
if you study my GA chart again (really focus) to look left and look down (indies) you will find the answer ( by the way, I decided to point you to where to find the answer instead of giving out a straight answer, for you to look outside your box , because I did answer similar questions to traders a few times before and I am sure you have been following my posts very closely.
Appreciation is the key to wealth and happiness
  • #16,033
  • Oct 25, 2016 11:18am Oct 25, 2016 11:18am
Quoting kain775
{quote} it looks like you possibly got a good risk to reward there likica, nice trading! what specifically did you see about the price actions made you so confident to ignore the support and short through it. {image}
Along with Likikas answer could I also say the support was a good 50 pips down from her entry and if you look at it on an m5 chart you will see even on there it did not even waiver going through the support.
Success means going from failure to failure without loss of enthusiasm
  • #16,034
  • Oct 25, 2016 11:29am Oct 25, 2016 11:29am
Quoting likica
{quote} if you study my GA chart again (really focus) to look left and look down (indies) you will find the answer ( by the way, I decided to point you to where to find the answer instead of giving out a straight answer, for you to look outside your box , because I did answer similar questions to traders a few times before and I am sure you have been following my posts very closely.


ok thanks for the reply likica

I *think* I may have seen the answer..
  • #16,035
  • Oct 25, 2016 12:02pm Oct 25, 2016 12:02pm
http://www.lifehack.org/399140/how-t...hing-you-learn

Interesting article on learning here.


I guess it is probably best to keep engaging in group discussion and practice what i've learnt.
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  • #16,036
  • Edited 1:08pm Oct 25, 2016 12:56pm | Edited 1:08pm
NZDUSD M30: Bearish Hidden Div Unlucky TP Not hit due to Spread but over all +7.

@likica Please help me in my some confusion:
In some cases price move quickly when divergence happen but some time price pullback to previous divergence level like in below snap (point 2-3), price fail to push lower and it retest again previous High level and make new high and opposite in TDI. what is your SL and TP in my below case ?.If you short at point 2 and price make new high with long wicks and hit your SL do you try to re enter with same pair?
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-10-25_23-08-24 NZDUSD M30.png Size: 50 KB

Thank You.
$
Newbie
  • #16,037
  • Oct 25, 2016 4:18pm Oct 25, 2016 4:18pm
Quoting shad4u2
NZDUSD M30: Bearish Hidden Div Unlucky TP Not hit due to Spread but over all +7. @likica Please help me in my some confusion: In some cases price move quickly when divergence happen but some time price pullback to previous divergence level like in below snap (point 2-3), price fail to push lower and it retest again previous High level and make new high and opposite in TDI. what is your SL and TP in my below case ?.If you short at point 2 and price make new high with long wicks and hit your SL do you try to re enter...
hi shad,
the stronger divergence is the one in the bottom, starting new cycle supported by rising market base line (yellow TDI) and rising lower band of TDI.
the upper divergence pulled the price to yesterdays low to form a higher low. breaking the 200 ma will make new highs.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM30.png Size: 49 KB
"the public is not yet ready for it" W.D. GANN
  • #16,038
  • Edited 8:12pm Oct 25, 2016 7:45pm | Edited 8:12pm
Quoting shad4u2
NZDUSD M30: Bearish Hidden Div Unlucky TP Not hit due to Spread but over all +7. @likica Please help me in my some confusion: In some cases price move quickly when divergence happen but some time price pullback to previous divergence level like in below snap (point 2-3), price fail to push lower and it retest again previous High level and make new high and opposite in TDI. what is your SL and TP in my below case ?.If you short at point 2 and price make new high with long wicks and hit your SL do you try to re enter...
G'day to all and to you Shad,

Take a look at my chart and let me know if you are still confused. 3 keys to note:
- 200MA may only hold as a strong s/r at 1st or 2nd touch
- look left for S/R
- is current retrace is deep or shallow for future price to move(measure by fibs if you are unsure, good retrace is >50%, my favorite is the area between 61.8% - 76.4%)

(We are not in the thread about fibs and my knowledge about it is very general and just enough to help me going, so no further discussion about it.)
Attached Image (click to enlarge)
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Here is NU today which I marked red circle where I would be interested to short if price moves there and has good PA
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Appreciation is the key to wealth and happiness
  • #16,039
  • Oct 25, 2016 10:44pm Oct 25, 2016 10:44pm
was in a trade here,but upon closer inspection it looked like lookleft resistance so decided to exit.

this is resistance right guys?

usd/jpy

[ignore the old purple line]
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  • #16,040
  • Oct 26, 2016 12:33am Oct 26, 2016 12:33am
likica is this analys is correct?

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