Thank-you Alorente, Nanningbob and Ever E Man for your replies.
By the way look at M15 EurNzd if you have not already seen it.
Regards
By the way look at M15 EurNzd if you have not already seen it.
Regards
Hennis Extreme TMA System 98 replies
Happs with TMA Trading Journal 25 replies
TMA Reality Tour 114 replies
MTF TMA 287 replies
SnakeForce - simple TMA with alert? 3 replies
DislikedHi Al,
do you mean the 200MA and Coral on a M15 chart?
Must it not be the other way round, D1 trend from the Coral and W1 trend from the 200MA?Ignored
DislikedPrice hitting D1 bottom band, so exited another position with 224 pips.Ignored
DislikedNo. The Coral is calculated with the last 60 bars and the 200 MA with the last 200. 60 weeks clearly indicates the trend. 200 days does also. You cannot determine the REAL trend with a 15 minute chart.Ignored
DislikedAl,
What exactly are you calling the "real" trend??
Because of the fractal nature of price versus time, you cannot know what time period you are examining when viewing a chart without axis labels. Therefore, a chart plotted at any time frame that shows a trend is a "real" trend.
Now if you want to specify that you are going to qualify a trend by comparing a smaller time period to some other higher time period, then that is a different matter.
If the D1 has price clearly going down with time while the H1 clearly has price going up with...Ignored
DislikedYour knowledge makes me wish I understood the market better.
It seems to me that your excellent advice is a good example of a problem with all "simple" systems, especially for new traders.
If you had a disclaimer on Page 1 that says something like this:
"No set of rules will work all the time, and a firm knowledge of market conditions gained through long experience and careful observation is necessary to know when the rules should, and should not, be overridden.
[color=black][font=Verdana][i]For...Ignored
DislikedAl,
Is It normal the TMA 15 min and TMA 1H go to extremity of bottom TMA 4H? Or my TMA Set up is wrong? I know the EURJPY, in this moment, is oversold but....
Thanks for your support!Ignored
DislikedAt the far left of the rsi indy starts trendline which offered a long downtrend finally broken on 4.6.2012.
After this, a new trendline could be drawn showing an uptrend period till broken today.
Before it was broken see the short horizontal divergence trendline signalling possible reversal.
Finally, the current trendline is drawn when rsi comes back to retest the previous trendline which became a powerful entry signal at the big red arrow; now go to TMA charts and look for an entry.
Took 50 pips off this when rsi touched 1h trendline and...Ignored
DislikedAt the far left of the rsi indy starts trendline which offered a long downtrend finally broken on 4.6.2012.
After this, a new trendline could be drawn showing an uptrend period till broken today.
Before it was broken see the short horizontal divergence trendline signalling possible reversal.
Finally, the current trendline is drawn when rsi comes back to retest the previous trendline which became a powerful entry signal at the big red arrow; now go to TMA charts and look for an entry.
Took 50 pips off this when rsi touched 1h trendline and...Ignored
DislikedI've been long usd/jpy since yesterday. I was wondering, how did you determine that the pair would be weak in the short term?Ignored
DislikedBy the way, very good work with your RSI trendlines. If you keep doing this and combining it with TMA, you are going to make a lot of pips going forward.Ignored
DislikedBelow is the Daily UsdJpy. After a four year drop and a 6 month horizontal base, after a break of that base, it is normal to test the top of it before progressing higher. Also, it is normal for such a fast rise to retrace to the Fibonacci 61.8% level (Golden Retracement). Both of these levels coincide at 79.13. I expect UsdJpy to drop to this level before continuing to rise.Ignored
DislikedThanks. It's too bad I didn't see this beforehand,
Maybe there is a way this info can be reflected on the lower time frame templates?Ignored