Thread: TMS for M30 charts

Originally Posted by ;

GU 50 image image

and why not afraid of pivot here too?

Originally Posted by ;

This reminded me of LK... Cat Ears formation. image

Did you get in?

Originally Posted by ;

quote nice trading, congratz. Hello , I don't tend to find on a weekly basis as many trades as you . . I invest a lot of time just sitting and awaiting why did you choose this commerce, and also not afraid of the 124ema and pivot blocking your route

With the EA commerce I was less afraid of the 124 and pivot because it had been through both a number of times this week both moving down and up, so much less powerful in my eyes.

With GU, price tested the 38% resistance sooner from the Asia session so chances are it was possible to experience this time with London opening, the H4 was looking very bearish. I should really have waited until it shut underneath the pivot which it did on the next candle, however, you can't how far GU will go at London open and that I did not wish to miss it completely.

EJ 50 now and yesterdays are showing on there that I didn't get time to post by the time it finished. Todays commerce was shot a bit late compared to what I usually enjoy but luckily it worked anyhow.

Originally Posted by ;

quoteTogether with the EA trade I was fearful of the 124 and pivot as it was through both quite a few times this week both moving down and up, therefore not as strong in my eyes. Together with GU, price tested the 38% resistance sooner in the Asia session odds are it was anticipated to go through this time together with London opening, the H4 was also looking very bearish. I must really have waited till it closed beneath the pivot that it did on the next candle, however, you can't just how far GU will move at London open and that I did not wish to miss it completely.

thanks.

Originally Posted by ;

EJ 50 today and yesterdays are showing on there that I did not have time to post by the time it finished. Todays trade was taken a bit late compared to what I usually enjoy but luckily it worked anyhow. picture picture

I am looking at your trade here on the 19th and I can see two divergences and a small bullish doji candle on H4 until you went brief . . .but I am not really sure why you went brief as normally I would need more than divergence to go brief, and the H4 was slightly bullish ....what am I overlooking here?

Originally Posted by ;

quote I'm looking at your trade here on the 19th and that I will see two divergences plus a tiny bullish doji candle on H4 until you went short . . .but I'm not really sure why you went brief as normally I would need more than divergence to go brief, and the H4 was slightly bullish ....what am I overlooking here?

H4 was slightly bullish but there was divergence on both the m30 and H4, also the trendline marked below about the h4, along with R38 and price fell back under the top of 18th. I've posted below the h4 chart the image when I entered the first trade on m30 that shows the h4 tdi had begun to fall well.

Originally Posted by ;

quote Can you get in?

yes. . I did. Posted in my fb page.

Two orders... news event and re-entered via sell limit order at resistance area.

Originally Posted by ;

quoteH4 was slightly bullish but there was divergence on both the m30 and H4, also the trendline marked below about the h4, together with R38 and price dropped back below the top of 18th. I have posted below the h4 chart the image when I entered the first trade on m30 which shows the h4 tdi had started to fall well. image image

Hi, thanks

it took me a lengthy time to spot your trendline. Do you mean the yellow trendline connecting the two high points? . . I was looking for a trendline coming from below

I think I want a lesson in trendlines because you appear to draw them differently than me, I always connect 3 points to make a trendline, but are you connecting two fold highs or two swing highs to form your trendline

I've marked in your chart where resistance looks like it has turned to support but you shorted?
Or am I wrong and that isn't resistance turned into service

Originally Posted by ;

quote Hi, thanks it took me a very long time to spot your trendline. Do you mean that the yellow trendline connecting both high points? . . I was seeking a trendline coming from underneath I think I need a lesson in trendlines because you seem to draw them differently than me, I link 3 points to make a trendline, however are you linking two fold highs or two swing highs to form your trendline I've marked in your own chart where resistance appears like it has turned to support however you shorted? Or am I incorrect and that isn't resistance turned into support...

Yes that the trendline I meant was that the yellow one in the high points. Strictly speaking a legitimate trendline is one that contains 3 points 2 points and a 3rd that assesses it and bounces from it, so if looking for a break of a trendline it might need to have 3 points such as that but I very often start looking for the 3rd point to rebound from. You are also correct that it had been resistance turned to support but price had attempted that support after and so poorer and likely to undergo on another go.