Thread: TMS for M30 charts

Originally Posted by ;

quoteThis is the simplest way for me to show the trades ....

Thanks ,lisat
that's exactly what I wanted

Originally Posted by ;

quote Hi Likica, As your figure, why did you place 3 shorts because Price was Growing up, there was no LH/LL or even Trendline Breakout as your rule?

Occasionally, I get too excited when price goes near major S/R (if you zoom the chart out or assess H4) in this case I wasn't patient, breaking my principles , why I needed to sit DD waiting for price to turn around with a proper arrangement.

Originally Posted by ;

quote occasionally, I get too excited when price goes near major S/R (if you zoom the chart out or assess H4) in this case I wasn't individual, breaking my principles , that why I had to sit DD waiting for price to turn around using a proper arrangement.

It's fine. We do get naughty Occasionally

Originally Posted by ;

quote are you able to see PA from my AU chart? I am having a problem reading PA from yours. You keeps saying some thing was wrong, I can't see anything wrong and unfortunate,,,.if you don't mind, I suggest you change your words if you would like to see something glowing. . .and up! Coming back into AU, You said you would go long but it kepts falling? AU didn't collapse my chart showing. Incidentally, are you after my trading style? If so, please make your chart reflecting what has been currently presented in this thread by me. It looks like you try...

Hi again, yes I will read the PA from my chart. Ofcourse having a nude chart with no indiors is always better for price reading, but I will see what's happening in my chart.

I had been asking when I did something wrong because the trade collapsed. I understand not every trade can be a winner, even if a trader is trading properly and he looses a trade then he is unfortunate on that occasion. I wanted to know if I'd made an error and that is why the trade collapsed, or when I'd done everything right and was simply unfortunate. Lisat explained my halt was close but my entrance was fine, so I will put my halt lower towards the bottom of the H4 candle.

Am I following your personality, yes . .but additionally lastingwells too. I take a look at this thread [even though I haven't posted much lately], I occasionally saves a number of your transactions to my folder too. I recall one of your criticism towards me was that I pay a lot of focus on indiors, . .well earlier this year I paid #4 to get access to some forex trading training. No indior has been used so that I thought this would be great as I cannot listen to indiors if none are still there, only peripheral lines and trendlines were utilized. So I had been concentrating on price actions a lot more. When I started looking over some of your old transactions in this thread, it had been making a bit more sense for me than before [I think what I learned in the forex course improved my price action reading skill a small bit] . . .and I looked over Lastingwells transactions. I'd attempted trading similar to that earlier but failed miserably, but I had been seeing things somewhat clearer so I attempted it again . . .so started trading like that and occasionally for a while like 70% of transactions were winning, then it would slip back to enjoy 50/50 ....but it was encouraging. I attempted your design, but I had been winning with Lastingwells design, and as I have asked you a lot of questions I did not wish to bother you with much more so I just keep watching your thread seeking to learn but don't say much..., I visit lisat is trading using the H4 also . . .and I am finding his posts insightful and he is the only person I see trading onforexintuitiveusing the H4 like that because lastingwell's death, so I decided to ask him some questions as I cannot ask Lastingwell.

Oh and in relation to this AU chart, I have placed a green dot where I took my commerce [to make things crystal clear] I have also placed a red dot where my stop loss was later in the afternoon price went during my stop loss, that is why I say I say the commerce collapsed.

Lisat informs me however my stop was too near, and I have taken that on board

Originally Posted by ;

quoteAs they say, what is easy with hindsight, and that I really don't trade AU very often due to the very low atr however I'd have had at least a stop loss under the h4 candle earlier as it was just around 40 pips off and that was the main reason for the hook from the tdi and since I've the 1hr 62 ema on my chart, (thanks to Lastingwell) would not have removed a buy just above it I'd have waited to see if it bounced which it did. As I say, that's in hindsight so easier nothing wrong, apart from the stop loss.

Thanks to the comments, much appreciated. I shall adjust how I put my stop loss from now on.

I paper traded 2 trades now aud/usd short, and aud/jpy short and both were winners. Two more trades currently in advance that I am observing. One of them I'd have traded if it had been my actual account, the other one I'm not sure . . .but I am observing them and seeing the results to maybe give me some insight to if I must have taken them...

Originally Posted by ;

quote yeah, and only could take what it offered inside that significant H4. I bet somebody was waiting to take a breakout of that large green APB and was sitting with large DD picture

Who's?? I dont have much time to exchange M30 as my day job is quite intensive, so I can trade as and for shorter time frames and also focus on the bigger timeframes that give me stress and more time to determine and reevaluate the PA and chart patterns.

I still have such a long way to go... I dont know how long I can really be profitable. I am now 3 years counting, but still not...

In the interests of disclosure, I got 50 on EJ yesterday and then a bad trade which was -50

For some reason I fell into a bad habit of holding onto a losing trade in the hope it would turn around....so beware those habits they return to ch you out! The first vertical line is where I set the trade in which won, the second was a buy which dropped, I watched the h4 tdi return down did I carry it out? Nope. I drew the trendline on there after the transaction was completed, if done until I would not have taken it. The 3rd vertical line is where I should definitely have taken it price was making lower lows, lower highs, the m30 tdi had flipped down and the h4 had shut a bearish engulfing enough reasons for coming out and I let it go to the stop loss when I have to have not taken it out, for roughly -23 but got ready to sell. I amaze myself sometimes how I could conveniently forget each principle set for myself. So warning, remember your rules and stick with these

Originally Posted by ;

In the interests of disclosure, I got 50 on EJ yesterday after which a bad trade which was -50 For some reason I fell into a bad habit again of holding on a losing trade in the hope it would turn about....so recall those habits they return to ch you out! The first vertical line is where I put the commerce in which won, the next was a buy which lost, I watched the h4 tdi return down did I take it outside? Nope. I drew the trendline on there following the trade was finished, if done before I wouldn't have accepted it. The 3rd vertical line is...

Hey Lisa,
Thank you for sharing both the goods and the bads .That come back to good management in the event that you got out using a tiny red once you realized it was not a valid signal depending on your rules. I suppose, you must have had good reasons to get in and to remain till it took you outside, if you do not mind to share more.

Originally Posted by ;

quote Who's?? I dont have much time to exchange M30 as my day job is very intensive, therefore I will trade as and well for shorter time frames and also concentrate on the larger timeframes that give me strain and more time to decide and analyse the PA and chart patterns. I have such a long way to go... I dont know how long I can really be profitable. I am now 3 years counting, but still not....

You do what suits you Birdnest. Keep this up and stick what works for you. If for some reasons it's not working out however, change your approach, but don't change your method.

Originally Posted by ;

quote Hey Lisa, Thank you for sharing the products and the bads .That come down to good management if you got out with a tiny red once you realized it wasn't a legitimate sign according to your rules. I suppose, you must have had good reasons to get in and to remain until it took you outside, if you do not mind to share more.

Not really sure if I'm honest Becoming in, the h4 was slightly bullish but I had not drawn the trendline original (error) and if I had I wouldn't have put it in, in the first loion. I stayed in? Absolutely no idea at all, even after all the warnings