Thread: TMS for M30 charts

Originally Posted by ;

quote what are you smoking? Divergence ? where??

Yeah, sorry that not divergence. Need to learn,,,

Originally Posted by ;

The template around the 1st post for me only heaps 3 moving averages (10/34/200) and stochastics

Same thing exactly.

Originally Posted by ;

EA 53.1 picture picture

nice trading, congratz.


Hi lisat, I don't often loe as many transactions as you on a weekly basis . . I spend a lot of time sitting and awaiting

why did you take this transaction, and also not fearful of the 124ema and pivot blocking your path

Originally Posted by ;

AUD/USD BUY @18:30 GMT 1 I know that this from the eu/ny session but would that has been a good signal? - M30/H4 both bullish, correct? - Green/Red TDI Cross (but below the yellow MBL) correct? Is this important to be above/below the MBL whatsoever (at least thats what I had been reading on article 1 here) - Price moves in the DOL - Divergence (no hint, cannot see some at least) thanks for your kind aid image Even 2 Long Signals before. Funny I can see them now but with the alarms up and following charts for the last ten hours I didn't discovered about...

appears as if you're buying to a bearish divergence on m30 without needing hidden div in your favour which is not something I will do...

Originally Posted by ;

There's a set up on AJ M30 for Monday Asian open... picture

Hey, Likica thanks for the heads up, I am currently in that trade off of the 4 hr and suffering a small drawdown, nice to find that it is likely to work out.

About a month ago you gave me some guie on avoiding chasing transactions, mad dog transactions as I call them.

Well, I followed your advice and took the time to actually notice what I was doing and found I was beating myself up.

At a fantastic market with decent swings I am a genius, unfortunately in the standard narrow range NY session, not so much and in real time that I have no method of knowing if it will be narrow range day or not.

Trading the NY session the market actually teaches you to trade badly the ranges are thin and frequently the session ranges right into some of the Asian session is taken up by one news spike candle, frequently from the session, you will find at least two candles that cover the whole day's range. So in order to acquire a1:1 R ratio, you have to jump in early or you never reach TP, and frequently should you jump in early the sign ends up to be an invalid signal. So between a rock and a hard place. So I have ceased trading the 30 min chart for the NY session, just not achievable for me.

Moved out into the 4hr charts and that is a lot less stressful and gives me ample time to think about all aspects of a transaction. Unfortunately, the last week has been flat and choppy, euro range for the whole week just 124 pips, AU just 74 pips, tough to have a commerce in that narrrow a range.

So that I will persevere with patience, once again thanks for all your hard work on this thread.

Green pips to you

Keith

Originally Posted by ;

quote Hey, Likica Thank you for the heads up, I am already in that trade from the 4 hr and suffering a small drawdown, pleasant to find it is very likely to work out. About a month ago you gave me some guie on avoiding chasing trades, mad dog trades as I call them. Well, I followed your advice and took the time to really notice what I was doing and discovered I was beating myself up. In a fantastic market with decent swings I am a genius, sadly in the typical narrow range NY session, not so much and in actual time that I have no way...

G'day to you personally and traders,

It's better to hear your progress, Keith, whether on M30 or H4, provided that you are being consistent with what you do and have the time to reflex and review.

Only from what you observed and from my own experience, moving toward end of this year, I would not expect big moves nor just like to exchange H4.

People who exchange from H4 saying that trading on that TF give them stress or anxiety free, but I found it s not true for me. In the event the transaction you're in going against you 50 pips and you also traded 2 or 1 or 5 or 10 total standard lot(s) , you would feel stressed no matter time period. ( I don't speak about people trading mini or micro lots here as they're only playing or practising).

Heal your trading as your business and be well prepared and be more proactive, importantly, remember to appear left but get your mind right,,,, hehehe...

Happy trading!
L

Originally Posted by ;

quote G'day for you personally and traders, It is good to hear your advancement, Keith, whether on M30 or H4, provided that you are being consistent with everything you do and have time to reflex and examine. Out of what you observed and in my experience, moving toward end of the calendar year, I would not expect huge moves nor want to trade H4. Individuals who trade from H4 stating that trading on that TF give them stress or stress free, but I discovered it not the case for me. If the commerce you were in going against you 50 pips and you exchanged 1 or 2 or 5 or 10 total standard lot(s)...

Hey Likica

I concur about trading the four hour, that is a desperate attempt on my part to get around thin ranges during the NY session, I hate the 4 hr, but when NY will have 30 pip session ranges that I don't have any choice, I intend to return to 30 second if/ when ranges expand.

I find it less stressful because my risk does not change only correct my lot dimensions, and on the four hour, I do not have to fret about getting stopped out by minor news spikes due to Trump saying something dumb and the tanking USD. I do find it odd to have such large TP amounts, given how hard it had been to achieve TP on the 30 appears even more challenging on the four hour.

The big advantage is the 4 hour gives me more time to go into and I am occasionally using limit orders to secure better prices because on a 4 hour there are usually pullbacks.

Nevertheless, my preference are the 30, actually hate holding trades instantly, and also there are a lot fewer trades per week so less opportunity to increase the account.

Great, counsel look left and get your head. 1 thing I am working on isn't getting attached to poor outcomes, constantly found it really maddening to have stopped out by One pip or overlook TP by one pip, I try and only let it go.

Thanks again, I will keep you and some others interested updated on my trip.

cheers

Keith

good start to the week 60

EA buy 50

EUR/AUD is reaching S/R, no sign of change yet (no divergence) .