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TMS for M30 charts

  • #16,561
  • May 23, 2017 7:23am May 23, 2017 7:23am
Quoting bodal
{quote} Ok thank you for the explanation ! Being in Europe (France ) , I choose to specialise in 3 non correlated pairs : Eur/Usd , for me the one I am naturally the most dedicated to follow and then I took Cad/Jpy and Aud/Nz for exactly the same reasons that you said for Eur/Aud .
I am curious why AN and CJ and not ECAD and GJ or others if they bounce off S/R? as not many traders including myself trading AN nor CADJ (I did take them once or twice and seldom have them up on my watchlist)
Attached Image (click to enlarge)
Click to Enlarge Name: 23.5.17 EURCADM30 off R +.png Size: 86 KB
Appreciation is the key to wealth and happiness
  • #16,562
  • May 24, 2017 4:09am May 24, 2017 4:09am
Quoting likica
{quote} I am curious why AN and CJ and not ECAD and GJ or others if they bounce off S/R? as not many traders including myself trading AN nor CADJ (I did take them once or twice and seldom have them up on my watchlist) {image}
To tell the whole truth , I am actually following 2 different strategies :
- one based on Day time frame only , let's call it "Day TDI-APB Xman/LE1 with divergence " and the basket of currency include : UC , EG , ECad , EAud , EJ , GU , UJ , UCad , UAud , UNz (10). It is a swing trading strategy lasting for several days (average trade 15 days ).
- As I need to be involved in a day trading strategy to stay interested during my dayly trading time (LO till mid New York session ) , I choose to follow and specialised on Eur/Usd as It is my prefered currency. The day trading method could be called "try to follow Likica/Phx62 's beautiful trades " but on H1 now. As there are not enough opportunities with 1 single currency , I added 2 others , non correlated : Cad/Jpy and Aud/NZ because they are quiet during my trading time with no news except CAD/Jpy but I stop before release (lunch time for me ) and may re-start something after news release. the other non correlated pair could have been Gbp/CHF but I dislike Gbp pairs as they are difficult to be traded according to me because of the times of release of news from England or because they are too huge movers for me !

Till now , this way of trading seems to correspong quite nicely with my personnal psychology and timing (sport , leisure , lunch time etc...)
This is why I choose these currencies . A few months ago , I tried to follow your strategy on a basquet of currencies including GJ , EA , EJ etc... on a M30 time frame but it was too much for me and I prefer my actual choice which is more stress free for me.

To put it otherwise , I need a very calm swing trading strategy and another one more "thrilling" during my day trading time ! Till now , I seem to be confortable with such a choice of strategies and currencies.
  • #16,563
  • May 26, 2017 3:36am May 26, 2017 3:36am
Hi Likica ,
May I ask you some more questions :

1) Do you still stick to your M30 time frame or do you trade another strategy on another time frame too ?
2) How much pairs how following on M30 now + gold , oil if I remember well ?
3) What is your dayly trading charge , I mean how many pairs , strategies , during how much time etc... per day ?

Best regards
  • #16,564
  • May 26, 2017 7:51am May 26, 2017 7:51am
Quoting likica
{quote} I am curious why AN and CJ and not ECAD and GJ or others if they bounce off S/R? as not many traders including myself trading AN nor CADJ (I did take them once or twice and seldom have them up on my watchlist) {image}
Hi LK, Can you explain why you took the trade where you did and not where I have placed horizontal line in yellow? is it because you wanted to see the LL first?

Thanks
  • #16,565
  • May 26, 2017 9:46am May 26, 2017 9:46am
Quoting bodal
Hi Likica , May I ask you some more questions :

1) Do you still stick to your M30 time frame or do you trade another strategy on another time frame too ?
I do trade on M30 with the same strategy I shared on 1st post, only being more selective ...location location location...sometimes I jumped into m5 to add more position with m30 trend retrace ( I did check H4 before entering any trade). see my EJ trades on nice location ( I did enter some positions too early and then adding more.I cant remember why I got one stopped out..I didn't have time to be around my PC today until now)

2) How much pairs how following on M30 now + gold , oil if I remember well ?
I have EU GU EJ GJ ECAD GCAD EA GA, oil m30...
3) What is your dayly trading charge , I mean how many pairs , strategies , during how much time etc... per day ?
My normal trading hrs start from FO-NY lunch (only pay my attention at s/r then indicators), I sometimes traded during AO if I happened to be doing other things in my office. I dont think I have anything else to share besides reminding traders to be more patient and focus on only one strategy but check 2- 3 timeframes (H4, H1) before entering a trade on M30
Attached Image (click to enlarge)
Click to Enlarge Name: 25-26.5.17 EURJPYM30 off R+.png Size: 107 KB
Appreciation is the key to wealth and happiness
  • #16,566
  • May 26, 2017 9:48am May 26, 2017 9:48am
Quoting Scrambleguy
{quote} Hi LK, Can you explain why you took the trade where you did and not where I have placed horizontal line in yellow? is it because you wanted to see the LL first? Thanks
I needed to see if sellers were actually in (LL) or just profit taking (minor retrace)
Appreciation is the key to wealth and happiness
  • #16,567
  • May 26, 2017 10:07am May 26, 2017 10:07am
Div on EA M30...hope you guys were on it ( I was not around to catch this fish)
Attached Image (click to enlarge)
Click to Enlarge Name: 26.5.17 EURAUDM30 div (missed).png Size: 79 KB
Appreciation is the key to wealth and happiness
  • #16,568
  • May 26, 2017 12:24pm May 26, 2017 12:24pm
what is this blue lines... any fractal indicator or what
Attached Image
Success is a Journey Not a Destination....... kind regards ramzam
  • #16,569
  • May 26, 2017 1:34pm May 26, 2017 1:34pm
Quoting ramzam
what is this blue lines... any fractal indicator or what {image}
Daily open lines ( dol )
  • #16,570
  • May 26, 2017 6:45pm May 26, 2017 6:45pm
Quoting Scrambleguy
{quote} Daily open lines ( dol )
oh ok ok.... it is very good.. so that asked... nice..
Success is a Journey Not a Destination....... kind regards ramzam
  • #16,571
  • May 27, 2017 12:48am May 27, 2017 12:48am
Quoting likica
{quote} 3) What is your dayly trading charge , I mean how many pairs , strategies , during how much time etc... per day ? My normal trading hrs start from FO-NY lunch (only pay my attention at s/r then indicators), I sometimes traded during AO if I happened to be doing other things in my office. I dont think I have anything else to share besides reminding traders to be more patient and focus on only one strategy but check 2- 3 timeframes (H4, H1) before entering a trade on M30 {image}
thank you for your interesting answer.
  • #16,572
  • May 27, 2017 12:51am May 27, 2017 12:51am
Quoting likica
Div on EA M30...hope you guys were on it ( I was not around to catch this fish) {image}
Likica, i indeed caught this pair same as you and make 50pips, thanks for your system, but due to work commitment and no time to monitor, i now am thinking over high timeframe to trade but not sure whether can get good result after apply the same method here, please advice.
  • #16,573
  • May 27, 2017 4:34am May 27, 2017 4:34am
Quoting FXgunner1969
{quote} Likica, i indeed caught this pair same as you and make 50pips, thanks for your system, but due to work commitment and no time to monitor, i now am thinking over high timeframe to trade but not sure whether can get good result after apply the same method here, please advice.
this method can be applied to any timeframe. Let's say there is a set up (DIV or a hidden DIV @ S/R) on M30 during the time I am in front of my PC, I certainly get in a trade, but if I am late and missed that signal, I will switch chart to see if I could get in on H1 or H4. If around NYO I would make it to M5 to get in a continuation of M30 signal. You get the idea...don't just stick to H4 or D1 and if you missed a signal you feel bad.
Trading on higher timeframes for some traders is less stress but for others is stressful as you have to deal with larger DD unless you are building positions and that is another level on both psychology and knowledge (fundie and tech) to be discussed further...
Appreciation is the key to wealth and happiness
  • #16,574
  • May 28, 2017 12:50am May 28, 2017 12:50am
Quoting likica
{quote} this method can be applied to any timeframe. Let's say there is a set up (DIV or a hidden DIV @ S/R) on M30 during the time I am in front of my PC, I certainly get in a trade, but if I am late and missed that signal, I will switch chart to see if I could get in on H1 or H4. If around NYO I would make it to M5 to get in a continuation of M30 signal. You get the idea...don't just stick to H4 or D1 and if you missed a signal you feel bad. Trading on higher timeframes for some traders is less stress but for others is stressful as you have to...

Likica, thanks for your advice!
  • #16,575
  • May 29, 2017 11:24pm May 29, 2017 11:24pm
waiting for opportunity to short...would be nice if it reaches BRN and bounces off with a div
Attached Image (click to enlarge)
Click to Enlarge Name: 30.5.17 GBPAUDM30 reaching R.png Size: 94 KB
Appreciation is the key to wealth and happiness
  • #16,576
  • May 30, 2017 3:36am May 30, 2017 3:36am
Quoting likica
waiting for opportunity to short...would be nice if it reaches BRN and bounces off with a div {image}
Hi Likica ,
Could you be so kind to remind us (me !) the use of the Stochastic indicator in your method of trading as for me (though this indicator is certainly an interesting one ) , I find it superfluous considering that TDI is the main indicator and is a complete oscillator ?
  • #16,577
  • May 30, 2017 6:37am May 30, 2017 6:37am
Quoting bodal
{quote} Hi Likica , Could you be so kind to remind us (me !) the use of the Stochastic indicator in your method of trading as for me (though this indicator is certainly an interesting one ) , I find it superfluous considering that TDI is the main indicator and is a complete oscillator ?
I usually don't enter a short if Stoc around 80-50 even if there's a bearish div on TDI and visa versa for a long. stoc also keeps me in a trade longer. I don't trade stoc or TDI by itself though, all depends on PA (hh hl or lh ll ...)as well as indies.
Appreciation is the key to wealth and happiness
  • #16,578
  • May 30, 2017 7:20am May 30, 2017 7:20am
Hello Likica,

Can you give your opinion on the pair EUR / AUD
There is a bullish divergence on blue horizontal support and rebound on red channel
There is a resistance to 1.5000. Wait for the break of this resistance and take buy?

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 1h.png Size: 65 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 30min.png Size: 68 KB


Good day to you all
  • #16,579
  • May 30, 2017 7:41am May 30, 2017 7:41am
Quoting thomi
Hello Likica, Can you give your opinion on the pair EUR / AUD There is a bullish divergence on blue horizontal support and rebound on red channel There is a resistance to 1.5000. Wait for the break of this resistance and take buy? {image} {image} Good day to you all
I am expecting choppiness as it 's facing multi Rs while TDI created bullish div. Would prefer to have a short if opportunity rises (take your attention to swing to swing...)
Attached Image (click to enlarge)
Click to Enlarge Name: 30.5.17 EURAUDM30 facing R.png Size: 80 KB
Appreciation is the key to wealth and happiness
  • #16,580
  • May 30, 2017 7:50am May 30, 2017 7:50am
Quoting likica
{quote} I am expecting choppiness as it 's facing multi Rs while TDI created bullish div. Would prefer to have a short if opportunity rises (take your attention to swing to swing...) {image}
Thank you likica
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