TMS for M30 charts

Quoting likica

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{quote} 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.) {image} Here is NU today which I marked...

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Quoting kain775

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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] {image}

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Quoting likica

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{quote} Look like it needs to test 104.00 before heading North...

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Quoting lisat

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I am taking a chance with a small trade on ucad at the moment. Reasons for going in are 3 instances of hidden bullish divergence, a "golden cross" on tdi with an excellent angle - all that is stopping it is a pivot which was broken on h4 on Monday and it may be a big candle that goes through it again so I would rather get a better price if it is. Now we just wait and see how it goes. {image}

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Quoting kain775

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{quote} Good luck

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Quoting lisat

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{quote} EDIT: Taken EJ out at yesterdays high for +25 it has gone on long enough I think. {image}

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Quoting lisat

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I am taking a chance with a small trade on ucad at the moment. Reasons for going in are 3 instances of hidden bullish divergence, a "golden cross" on tdi with an excellent angle - all that is stopping it is a pivot which was broken on h4 on Monday and it may be a big candle that goes through it again so I would rather get a better price if it is. Now we just wait and see how it goes. {image}

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Quoting lisat

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{quote}I came out of this when price kept failing to stay above the pivot luckily for me {image}

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Quoting likica

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{quote} One of the trick MM use to get traders in around YH/YL.... lucky you. my oil trade today spotting it bouncing off a strong support with double div. I got out at R while party was still hot... {image}

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Quoting likica

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{quote} One of the trick MM use to get traders in around YH/YL.... lucky you. my oil trade today spotting it bouncing off a strong support with double div. I got out at R while party was still hot... {image}

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Quoting Kubiasty

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likica is this is correct entry? {image} Where should I set SL ?

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Quoting kain775

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{quote} I am not likica, maybe she will have different opinion, but I think it looks good except for the fact there may not be enough ART left to get a 1:1 Risk Reward... edit: actually the RR I was thinking of is if you had left your SL at the swing low, but since price has closed above a rather bothersome resistance perhaps your SL could be a bit higher? i'm not sure. where did you put your SL? double edit: I see your SL now, it's behind the swing low.

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Quoting Kubiasty

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{quote} thanks dude, how do you exit the position? do you use rigidly TP and SL, or closing trades by hand ??

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Quoting kain775

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{quote} well personally I like to move SL to BE after price has moved a decent lenght. I normally like to take profits at TP and not take early but in your case here if your TP doesn't get hit, personally I would take profits as soon as TDI crosses and comes down from the 68 overbought level [it has just entered it]

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