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TMS for M30 charts

  • #16,421
  • Jan 24, 2017 8:32am Jan 24, 2017 8:32am
Quoting pips29
{quote} jokes aside ,,there is some truth in what I said...funny things happen when NY stock market opens at 2.30 pm. oh! tekkies nice bloke
Cheers Pips, noted
  • #16,422
  • Jan 25, 2017 3:31am Jan 25, 2017 3:31am
GBPJPY took 2 Positions 50 pips each. Price was off 50 Fib level and Bullish engulfing bar formed at BRN.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM30.png Size: 46 KB
  • #16,423
  • Jan 30, 2017 8:34am Jan 30, 2017 8:34am
Hi Likica ,

May I ask you another question about divergences ? ( to be honest with you , I have already ask such a question but I think that I haven't understood the answer !)

On my chart attached , when we look at the divergence on EU M30 chart from this morning (white lines showing a bearish hidden divergence ) , do we consider :
1- the divergence being an old one in term of candles forming it (52 candles from start to end of white trend line ) , considering its lenght is less or more valid ?
2- do you consider it as no more valid because there are some 12 candles since its realisation when I took my trade ?

Though its a winning trade + 43 pips taken after FO , away from DOL, round number , 200 EMA and TDI getting outside blue volatility bands showing an acceleration, I was asking me those questions regarding the relevance of its divergence.
Thank you in advance for your usual kind answer.
Attached Image (click to enlarge)
Click to Enlarge Name: EU M30 question about divergence.png Size: 121 KB
  • #16,424
  • Jan 30, 2017 9:17am Jan 30, 2017 9:17am
Great question Bodal, one I await with interest. Looks more relevant when looking on h1
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 86 KB
  • #16,425
  • Jan 31, 2017 12:26am Jan 31, 2017 12:26am
Quoting Scrambleguy
Great question Bodal, one I await with interest. Looks more relevant when looking on h1 {image}
Yes I did noticed that H1 would have been a better example but Likica's thread being a M30 specialised thread and I took my trade on this timeframe , I stay on M30 to ask my question.
glad to know that my question is a good one for other people !
  • #16,426
  • Edited 1:53am Jan 31, 2017 1:39am | Edited 1:53am
Quoting bodal
Hi Likica , May I ask you another question about divergences ? ( to be honest with you , I have already ask such a question but I think that I haven't understood the answer !) On my chart attached , when we look at the divergence on EU M30 chart from this morning (white lines showing a bearish hidden divergence ) , do we consider : 1- the divergence being an old one in term of candles forming it (52 candles from start to end of white trend line ) , considering its lenght is less or more valid ? 2- do you consider it as no more valid because there...
Hi Bodal and traders,
I took some times off last few days as it was our New Year celebration
You can get in a any candle if you have H4 H1 congruence, but keep in mind that many times you might encounter a retrace before it getting back to your trade direction.
Look at my H4 M30 with my drawings, hope you will find more reasons why it did well. Let me know if you still need further explanation from me.
Tip of the day: Find a good location by zooming M30 chart out to see a bigger picture or switch it to H4...and did you notice good sign for selling while stoc and TDI on m30 were at oversold ?
Attached Image (click to enlarge)
Click to Enlarge Name: 30.1.17 EURUSDM30 HD.png Size: 117 KB
Appreciation is the key to wealth and happiness
  • #16,427
  • Feb 1, 2017 12:18am Feb 1, 2017 12:18am
Quoting likica
{quote} Hi Bodal and traders, I took some times off last few days as it was our New Year celebration You can get in a any candle if you have H4 H1 congruence, but keep in mind that many times you might encounter a retrace before it getting back to your trade direction. Look at my H4 M30 with my drawings, hope you will find more reasons why it did well. Let me know if you still need further explanation from me. Tip of the day: Find a good location by zooming M30 chart out to see a bigger...
Hi Likica ,
Thanks for the answer . Another one question : you seem to have an indi for inside bars on your H4 chart , how do you use it ? What about outside bars that I did took into account after one of your valuable tip , why no indi ?
Best regards
  • #16,428
  • Feb 1, 2017 12:54am Feb 1, 2017 12:54am
Quoting bodal
{quote} Hi Likica , Thanks for the answer . Another one question : you seem to have an indi for inside bars on your H4 chart , how do you use it ? What about outside bars that I did took into account after one of your valuable tip , why no indi ? Best regards
I don't take single candle for my trades, but use in conjunction with other criteria that were mentioned on 1st page. Many traders trade off breakout of an inside bar on H4 D1. I m sure there is an indie for a outside bar, however, I don't think you need to have an indie to see a big bar :-)
Appreciation is the key to wealth and happiness
  • #16,429
  • Feb 1, 2017 12:59am Feb 1, 2017 12:59am
Just to remind traders that it's FOMC today at 2pm EST. Another day off for me.
Appreciation is the key to wealth and happiness
  • #16,430
  • Feb 1, 2017 1:17pm Feb 1, 2017 1:17pm
Hi Lk, do you still trade oil? Been looking at some of your old threads seems you where a fan but haven't seen any lately. Just wondered why you don't.
  • #16,431
  • Feb 1, 2017 11:34pm Feb 1, 2017 11:34pm
Quoting likica
{quote} I don't take single candle for my trades, but use in conjunction with other criteria that were mentioned on 1st page. Many traders trade off breakout of an inside bar on H4 D1. I m sure there is an indie for a outside bar, however, I don't think you need to have an indie to see a big bar :-)
Thank you for the answer.
  • #16,432
  • Feb 3, 2017 5:46am Feb 3, 2017 5:46am
Quoting Scrambleguy
Hi Lk, do you still trade oil? Been looking at some of your old threads seems you where a fan but haven't seen any lately. Just wondered why you don't.
I still do. What about you?
Appreciation is the key to wealth and happiness
  • #16,433
  • Feb 3, 2017 6:22am Feb 3, 2017 6:22am
Quoting likica
{quote} I still do. What about you?
I haven't but was looking into it.
  • #16,434
  • Feb 3, 2017 9:39am Feb 3, 2017 9:39am
Quoting likica
{quote} Hi Bodal and traders, I took some times off last few days as it was our New Year celebration You can get in a any candle if you have H4 H1 congruence, but keep in mind that many times you might encounter a retrace before it getting back to your trade direction. Look at my H4 M30 with my drawings, hope you will find more reasons why it did well. Let me know if you still need further explanation from me. Tip of the day: Find a good location by zooming M30 chart out to see a bigger...

you are so good...
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #16,435
  • Edited 11:16am Feb 3, 2017 9:54am | Edited 11:16am
AN: Short | H4 & M30 hidden divergence
Attached Image (click to enlarge)
Click to Enlarge Name: Image3.png Size: 62 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Image4.png Size: 65 KB
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #16,436
  • Feb 3, 2017 11:16pm Feb 3, 2017 11:16pm
Quoting v2vboni
AN: Short | H4 & M30 hidden divergence Image3.png;2171711 Image4.png;2171714 {image} {image}
It was a hidden div on H4@ R (not M30), I would wait for a hidden div confirmed on M30 to short since it was against trend on m30 and facing DOL.
Appreciation is the key to wealth and happiness
  • #16,437
  • Feb 4, 2017 3:00am Feb 4, 2017 3:00am
Hi likica,
Thanks for this thread, I have only today started going through it after reading almost all material available in the original TMS thread.
Out of curiosity, why decided to focus on m30 as opposed to other TFs?
Thanks!
  • #16,438
  • Edited 12:12pm Feb 4, 2017 11:20am | Edited 12:12pm
Quoting likica
{quote} It was a hidden div on H4@ R (not M30), I would wait for a hidden div confirmed on M30 to short since it was against trend on m30 and facing DOL.
Stand corrected, thanks ms. Lk ...

Does DOL needs to be the daily open line of my broker or daily open line of a particular session Asian Session (NZ, Sydney or Tokyo), US session (NY) or EU (Frankfurt) or London Session

... I still continuously learning from this thread. thanks again.

Below is the end of day for AN.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 158 KB
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #16,439
  • Feb 6, 2017 12:00am Feb 6, 2017 12:00am
Hello Friends, hows going on... hope all is well and doing good .
EURCAD H1: Strong Resistance + Hidden Div + shooting star on Resistance or pivot line. TP just above BRN 1.4000.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-02-06_13-17-15 EURCAD H1 Hidden Div.png Size: 49 KB


Thank You.
$
Newbie
  • #16,440
  • Feb 13, 2017 7:57am Feb 13, 2017 7:57am
Quoting shad4u2
Hello Friends, hows going on... hope all is well and doing good . EURCAD H1: Strong Resistance + Hidden Div + shooting star on Resistance or pivot line. TP just above BRN 1.4000. 2017-02-06_13-17-15 EURCAD H1 Hidden Div.png;2173904 Thank You. $ {image}
Good trading Shad4u2!
Here is my ECAD hidden div off S/R today
Have a good week to all.
Attached Image (click to enlarge)
Click to Enlarge Name: 23.2.17 Mon EURCADM30 HD S+.png Size: 85 KB
Appreciation is the key to wealth and happiness
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