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Extreme TMA System

  • #2,101
  • Feb 29, 2012 11:32pm Feb 29, 2012 11:32pm
Just need confirmation on todays pivots since the S/R levels are key to this system. For EurUsd , are they :

FPV : 1.3374
S1 : 1.3309
R1 : 1.3439

Thanks in advance.
You gotta know when to hold 'em, know when to fold 'em ...
  • #2,102
  • Feb 29, 2012 11:36pm Feb 29, 2012 11:36pm
Here is one I just took, any comments? I have a feeling this might be too early since candle didn't close above band, but I was thinking the R1 being pretty close to the top band it might be.

TMA slope is in range and falling, resistance above. Just not sure about the above band rule.
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  • #2,103
  • Feb 29, 2012 11:46pm Feb 29, 2012 11:46pm
Quoting SnailRoll
Here is one I just took, any comments? I have a feeling this might be too early since candle didn't close above band, but I was thinking the R1 being pretty close to the top band it might be.

TMA slope is in range and falling, resistance above. Just not sure about the above band rule.
I got on this one as well. Seems to fit the criteria perfectly
  • #2,104
  • Feb 29, 2012 11:46pm Feb 29, 2012 11:46pm
Quoting SnailRoll
Here is one I just took, any comments? I have a feeling this might be too early since candle didn't close above band, but I was thinking the R1 being pretty close to the top band it might be.

TMA slope is in range and falling, resistance above. Just not sure about the above band rule.
What currency pair is that SnailRoll?
.... laughing all the way to the bank
  • #2,105
  • Feb 29, 2012 11:51pm Feb 29, 2012 11:51pm
Quoting SnailRoll
Here is one I just took, any comments? I have a feeling this might be too early since candle didn't close above band, but I was thinking the R1 being pretty close to the top band it might be.

TMA slope is in range and falling, resistance above. Just not sure about the above band rule.
The fruit is not quite ready to fall from the tree just yet. I would have waited for a stronger test of R1 on this one and Price to be higher. Remember, Ideally you want to enter right under Resistance, to lessen risk and to increase your return. Patience is key in this business.
Observation is the path to discovery.
  • #2,106
  • Feb 29, 2012 11:57pm Feb 29, 2012 11:57pm
Quoting nitrate73
Just need confirmation on todays pivots since the S/R levels are key to this system. For EurUsd , are they :

FPV : 1.3374
S1 : 1.3309
R1 : 1.3439

Thanks in advance.
Yes that is exactly what I have.
  • #2,107
  • Feb 29, 2012 11:57pm Feb 29, 2012 11:57pm
Hi,

I am super new here! Been following and taking notes.


What do you guys think about long on EURUSD based on the rules? I see it taping the S1 multiple times, and the slope is heading upward and it's out of the bands.

Just checking to see if i understand the rules right. I know most don't want to long EURUSD
  • #2,108
  • Feb 29, 2012 11:57pm Feb 29, 2012 11:57pm
Its USDCHF and is testing the R1 again
  • #2,109
  • Feb 29, 2012 11:58pm Feb 29, 2012 11:58pm
Quoting Alorente
The fruit is not quite ready to fall from the tree just yet. I would have waited for a stronger test of R1 on this one and Price to be higher. Remember, Ideally you want to enter right under Resistance, to lessen risk and to increase your return. Patience is key in this business.
I see, that is something I need to work on, instead of jumping in as soon as the I see the first sign of a signal, or anticipate it so much that I see what I wanted to see.

And itsallover thats USDCHF.
  • #2,110
  • Feb 29, 2012 11:59pm Feb 29, 2012 11:59pm
Quoting normtold
Yes that is exactly what I have.
Thanks mate !
You gotta know when to hold 'em, know when to fold 'em ...
  • #2,111
  • Feb 29, 2012 11:59pm Feb 29, 2012 11:59pm
Shah, your 1.3 indicator is almost there. The lines, arrows, colors and word location is great, but I also want to see the value like you had it before. Place it above the word. Use Ranging in DarkGray, where you have it, between -0.50 and 0.50. Use Only Long in Green, above 0.50 and use Only Short in Red below -0.50.

We are almost there with a TMA Slope indicator that is near perfect.

Thanks again.
Observation is the path to discovery.
  • #2,112
  • Mar 1, 2012 12:01am Mar 1, 2012 12:01am
Quoting SnailRoll
I see, that is something I need to work on, instead of jumping in as soon as the I see the first sign of a signal, or anticipate it so much that I see what I wanted to see.

And itsallover thats USDCHF.
Itīs not a good idea to catch a moving bus. Wait for it to stop, then you get in.
Observation is the path to discovery.
  • #2,113
  • Mar 1, 2012 12:04am Mar 1, 2012 12:04am
Quoting SnailRoll
I see, that is something I need to work on, instead of jumping in as soon as the I see the first sign of a signal, or anticipate it so much that I see what I wanted to see.

And itsallover thats USDCHF.
An easy system to know how much to wait, is until you begin to see the Heiken Ashi candle turn red, in this case. For a long, wait for the Heiken Ashi candle to begin turning Blue. Then you jump in. It is also important that price is outside of the band.
Observation is the path to discovery.
  • #2,114
  • Mar 1, 2012 12:07am Mar 1, 2012 12:07am
Hi guys


I am at university now , I will join all in 4 hours


Have a nice trading day
Shahrooz
  • #2,115
  • Mar 1, 2012 12:07am Mar 1, 2012 12:07am
UsdChf

AudNzd
Observation is the path to discovery.
  • #2,116
  • Mar 1, 2012 12:08am Mar 1, 2012 12:08am
In Short UsdChf at resistance.
Observation is the path to discovery.
  • #2,117
  • Mar 1, 2012 12:11am Mar 1, 2012 12:11am
Quoting irampagemc
Hi,

I am super new here! Been following and taking notes.


What do you guys think about long on EURUSD based on the rules? I see it taping the S1 multiple times, and the slope is heading upward and it's out of the bands.

Just checking to see if i understand the rules right. I know most don't want to long EURUSD
It is a good trade according to the rules. I wonīt go long the euro, but the rules say it is a good trade so go for it.
Observation is the path to discovery.
  • #2,118
  • Mar 1, 2012 12:13am Mar 1, 2012 12:13am
Quoting SnailRoll
I see, that is something I need to work on, instead of jumping in as soon as the I see the first sign of a signal, or anticipate it so much that I see what I wanted to see.

And itsallover thats USDCHF.
Thanx.
.... laughing all the way to the bank
  • #2,119
  • Mar 1, 2012 12:14am Mar 1, 2012 12:14am
Quoting Alorente
An easy system to know how much to wait, is until you begin to see the Heiken Ashi candle turn red, in this case. For a long, wait for the Heiken Ashi candle to begin turning Blue. Then you jump in. It is also important that price is outside of the band.
I too was wondering how to time the entrance, this is a great tip, wait for the HA candle to change colour for, blue for long, red for short.
  • #2,120
  • Mar 1, 2012 12:15am Mar 1, 2012 12:15am
Quoting Alorente
In Short UsdChf at resistance.
I did not see the HA candle turn red at R1, did I miss it?
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