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Attachments: TMS for M30 charts
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TMS for M30 charts

  • #16,621
  • Jun 2, 2017 9:22am Jun 2, 2017 9:22am
Quoting irvanhidan
GA valid for buy ? {image}
Hi Irvan,
It's NFP today and if you had a chance to read all my posts, you would know I didn't like ideas trading until news out...
From my chart, would you want to buy into multi resistants (Rs) and after a bearish divergence?
Attached Image (click to enlarge)
Click to Enlarge Name: 2.6.17 GBPAUDM30 NFP.png Size: 83 KB
Appreciation is the key to wealth and happiness
  • #16,622
  • Jun 2, 2017 9:32am Jun 2, 2017 9:32am
Quoting likica
{quote} Hi Irvan, It's NFP today and if you had a chance to read all my posts, you would know I didn't like ideas trading until news out... From my chart, would you want to buy into multi resistants (Rs) and after a bearish divergence? {image}
wow, great tip! i am learning more from this thread than in my entire trading career. Everything is clear and simple. I think trading should be as easy as you are showing us. Thanks!!
  • #16,623
  • Edited 10:33am Jun 2, 2017 10:19am | Edited 10:33am
Quoting Scrambleguy
{quote} LK, Do you find divergence easier to read and more opportunities on 30m than on h1 tf? Thanks
I am m30 specialist as someone once called me :-) and yes, it's not that hard to read even to those who have been trading for a while, H1 is longer TF and of course has less opportunities than M30...
However, my biggest tip to you and all is not about TF but having the patient to wait for a good location then look at price actions and indicators (tdi and stoc) to get in on whatever timeframe you are trading, take what market gives you on that timeframe. A set up on a longer TF gives you more pips...

Quoting 40pipsaday
hello Likica, i am following your system, but see some difference between the original template and the one you post here on your pictures. A question: do you draw the DOL manually or you use an indi for it? thanks
I m a low tech person, so don't ask me to re-upload any more template and indies ( I don't like doing that repeat boring thing, I believe you can create your beautiful chart of your own :-) from provided indies ). DOL is from an indie from paperclip on the top right hand of this thread for your use. DOL on my chart might look slightly different from your chart depending on where your brokers are located (NY or Aust or Eur). It's vital to always look left and look up/look down for S/R nearby before getting any trade as you would not like to be hit by a brick wall .
Appreciation is the key to wealth and happiness
  • #16,624
  • Jun 2, 2017 12:18pm Jun 2, 2017 12:18pm
Quoting likica
{quote} I am m30 specialist as someone once called me :-) and yes, it's not that hard to read even to those who have been trading for a while, H1 is longer TF and of course has less opportunities than M30... However, my biggest tip to you and all is not about TF but having the patient to wait for a good location then look at price actions and indicators (tdi and stoc) to get in on whatever timeframe you are trading, take what market gives you on that timeframe. A set up on a longer TF gives you more pips... {quote} I m a low tech person, so don't...
Thank you! have a jolly weekend
  • #16,625
  • Jun 2, 2017 11:13pm Jun 2, 2017 11:13pm
Quoting saad007
{quote} Here it is! {file}
Hi Saad,
Thanks. What about the indicators?
Cheers!
Sachu
  • #16,626
  • Jun 3, 2017 10:43am Jun 3, 2017 10:43am
I can see the bulls inviting the GU for a party. Is any body seeing it that way?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 47 KB
Click to Enlarge Name: GBPUSDM30 GMMA.png Size: 57 KB
  • #16,627
  • Jun 3, 2017 2:46pm Jun 3, 2017 2:46pm
Hi, isn't it risky to enter? USD has a weakness after NFP but previous bars rejection and Britain's polls for Elections create some uncertainty regarding the GU trades.
Quoting olisavictor
I can see the bulls inviting the GU for a party. Is any body seeing it that way? {image} {image}
  • #16,628
  • Jun 3, 2017 6:06pm Jun 3, 2017 6:06pm
Quoting likica
{quote} Thanks for your support LW. Hope to have you helping me and other when you can
Dear lk, I think this is the strategy that will show me some green in my portfolio. But I've got 2 questions.

1. When you draw the DOL line do you draw it from LO-LO open or from NY-NY open?

2. Where do you place stops for your trades?

my apologies in advance if the questions seems too naive.
  • #16,629
  • Jun 4, 2017 2:38pm Jun 4, 2017 2:38pm
Quoting MoneyTalks58
Hi, isn't it risky to enter? USD has a weakness after NFP but previous bars rejection and Britain's polls for Elections create some uncertainty regarding the GU trades. {quote}
If i understand you well, you are saying that fundamentally, GU is bullish, we are saying the same thing, my view is from technical analysis. When you view the chart from weekly down to 30m you will see that GU is technically bullish. There is is also a bullish divergence on the 30m chart.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 40 KB
  • #16,630
  • Jun 4, 2017 3:01pm Jun 4, 2017 3:01pm
very nice thread here, thanks to lk for starting it and keeping it fresh. rock on 30 min t/f
  • #16,631
  • Jun 4, 2017 6:46pm Jun 4, 2017 6:46pm
Quoting olisavictor
{quote} If i understand you well, you are saying that fundamentally, GU is bullish, we are saying the same thing, my view is from technical analysis. When you view the chart from weekly down to 30m you will see that GU is technically bullish. There is is also a bullish divergence on the 30m chart. {image}
I have reassessed my earlier analysis and have seen error in it. The four hour hidden divergence have nullified the 30m hidden divergence Also we have double top on 30m 1hr and four hour.
Attached Image (click to enlarge)
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  • #16,632
  • Jun 5, 2017 3:01am Jun 5, 2017 3:01am
Quoting likica
{quote} Hi Irvan, It's NFP today and if you had a chance to read all my posts, you would know I didn't like ideas trading until news out... From my chart, would you want to buy into multi resistants (Rs) and after a bearish divergence? {image}
oh i didnt see that,thank likca for your explanation,
in GJ is this setup or no ?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM30.png Size: 55 KB
2% target/Month !
  • #16,633
  • Jun 5, 2017 7:22am Jun 5, 2017 7:22am
closed the first half of GJ long, with 40 pips.
Div, stoch and tdi ok (crossed and above MBL) and most important, higher TF are in line with Long
Attached Image (click to enlarge)
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  • #16,634
  • Jun 5, 2017 8:03am Jun 5, 2017 8:03am
Quoting irvanhidan
{quote} oh i didnt see that,thank likca for your explanation, in GJ is this setup or no ? {image}
Sorry I was not around FO/LO since it's a public holiday in EU. It moved nicely though. Did you get in?
Appreciation is the key to wealth and happiness
  • #16,635
  • Jun 5, 2017 8:30am Jun 5, 2017 8:30am
Close to profit on GA, there was Div, TL broken and retested
Attached Image (click to enlarge)
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  • #16,636
  • Jun 5, 2017 8:40am Jun 5, 2017 8:40am
it's a pity i was late on this Oil trade... Fantastic setup, could be a great trade
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  • #16,637
  • Jun 5, 2017 9:32am Jun 5, 2017 9:32am
Quoting 40pipsaday
closed the first half of GJ long, with 40 pips. Div, stoch and tdi ok (crossed and above MBL) and most important, higher TF are in line with Long {image}
Snap!, took mine a little later than yours up too brn
Attached Image (click to enlarge)
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  • #16,638
  • Jun 5, 2017 9:43am Jun 5, 2017 9:43am
Quoting Scrambleguy
{quote} Snap!, took mine a little later than yours up too brn {image}
Great!
closed both GA (very close to my profit target when it was exhitating) for +53 pips, and also the second half of GJ for + 65 pips (40 pips on the first half).
Pity for the Oil trade that i was looking at, i came back to pc too late, but definitely a good trading day. Here my 2 trades for today:
Attached Image(s) (click to enlarge)
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  • #16,639
  • Jun 5, 2017 10:29am Jun 5, 2017 10:29am
short pound yen, 261+61.8 + s/r , anyone else think it might continue down? not sure for targets might just trail if it breaks structure
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  • #16,640
  • Jun 5, 2017 10:44am Jun 5, 2017 10:44am
Quoting djms
short pound yen, 261+61.8 + s/r , anyone else think it might continue down? not sure for targets might just trail if it breaks structure {image}
i traded long because of the divergence on M30. If you go on H4 you can see both an hidden divergence to continue the short and a divergence to reverse long. On Smaller TF like the one we trade here on this post i don't see any divergence to justify an entry but please don't follow my idea :-D

Here you find H4 analysis
Attached Image (click to enlarge)
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