Education

IDS 30M System

Many my followers know I use a Range based chart vs a time based chart. I have provided a 30 minute (time based) version here with instructions, this is reliable but slow or late at times. Use with (range based) IDS 27, 35 & 50 (if you have).

Trading's 4 key W's, the keys to it all:
#1, What, what is next move Long or Short? Direction of execution.
#2, When, when to execute the What? This happens prior to the move.
#3, Where, this is the Target of #'s 1 & 2?
#4, Why, this is the least important and does not matter. This is the job of all the media, long only managers such mutual funds and ETF's.

The IDS 30M will help with 1-3 W's (not #4). Regarding 1-3, the 4 white arrows will help to show the set up. The 2 yellow lines are the Tilson indicator and price will have to be above (and stay above thin white line. The target will be a KL or target (usually a Open Range level). The short set up will be highlighted by the 2 circles. A single Tilson will show pull backs and not shorts. The various vertical shaded colors are key times when price and volume may redirect or move further (in the same direction). Pay attention to the O/N (overnight) as the NAZ will usually travel back up (even after a drop in the Reg Session.

The dotted line will change colors from 1 white (long) and 1-2 yellows (short or pull backs). Red bars under 2 yellows is a Short and blue above the white is a long. Use this with daily Posts in order to set up Entry, Targets and Exists/Reverses. Good Luck and hopefully this will help.

Below is the IDS50 (Range) system.

Note

30M Chart

Note

This 30M chart will add the O/N H/M/L of the O/N, this should be placed near the Open. Many times the Reg Session will not move outside the range of the O/N and retest O/N H/M/L, the O/N is The BOSS. Useful with O/N Pump/Dump or 1st 15-30 minute trades (Open Range/Drive).

Note

Use the Tilson and watch the overlapping or stacking of bar bodies to show trend. Also, watch the bar color (red or blue). Quick pull backs to indicator lines will happen and direction may not change (shake outs). IDS Range will help with identifying "Air Pockets".

Note

First sign of Pull Back or Short signal with O/N ML as potential Target for Long trade on hold. Still Long until 2nd Tilson with Price under both and bars go red. This may be a Long Shakeout. Notice how we are just under a KL and price is getting some resistance.

Note

Long shake out (the buyers need sellers in order go higher). Bounce off Tilson white line to 715 most likely.

Note

IDS50, white arrows are when price in under Dotted Line. Notice Divergence developing in lower indicator (Air Pocket). May be nothing or see NAZ drop later in key Time Zone such as Open Range. Potential reverse trade from Long would be 715 Hit, No pass and short scalp to 21,600 ish. Currently no yellows on 30M.

Note

21,770 is upper target on this example, NAZ is expanding the O/N range prior to Open. The 30M Chart has shown a few Yellow lines that have flashed but not held. These are your Long trades or add to Long signals. The challenge of not bailing early on a move is the same with any system, keep in mind that direction is the 1st W (long or short). 2nd and 3rd W's did play out well so far. Trading Time Zones will now start to provide further move higher or whipsaw back inside mid O/N range. Another Yellow line is flashing, again.
Practice with system, limit over trading and The NOISE.

Note

IDS50

Note

EOD view and result. System did deliver the Long and then Short signals.

MAZing

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

MAZing