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Extreme TMA System

  • #2,721
  • Mar 2, 2012 4:50am Mar 2, 2012 4:50am
I'm just new here but audusd on the 5m looks like a sell to me.
  • #2,722
  • Mar 2, 2012 5:01am Mar 2, 2012 5:01am
Quoting pipnaija
Please search. this is my first time on Al's thread. he said i should not post before people get confused. Besides i see EUSD falling another 200+ pips unless weekend manipulations take place...else we are going down without brakes.. its forex and anything can happen.

It could get nasty. There is no bounce at all in Euro. Here is a THV chart of the daily and underneath, a weekly chart. On the daily, see the downward channel I drew several weeks ago. Price bounced off the top wall, and look at the Bearish divergence on the Trix (Middle Indicator) and the RSI (Bottom Indicator).

On the weekly, notice the Head and Shoulders pattern of the past few months and how price is dropping after testing the neckline from underneath. I can´t specify a time factor, but I see a test of the low at 1.26+ and maybe a break after that to under 1.20.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd d1.jpg Size: 110 KB
Click to Enlarge Name: eurusd w1.jpg Size: 112 KB
Observation is the path to discovery.
  • #2,723
  • Mar 2, 2012 5:04am Mar 2, 2012 5:04am
I´m leaving now, guys. I´ll be back at 20:00 CET.

Happy trading !
Observation is the path to discovery.
  • #2,724
  • Mar 2, 2012 5:21am Mar 2, 2012 5:21am
Quoting Alorente
I´m leaving now, guys. I´ll be back at 20:00 CET.

Happy trading !

Wish luck in your Golf too

you are our Tiger woods in trading
  • #2,725
  • Mar 2, 2012 5:23am Mar 2, 2012 5:23am
Quoting Alorente
I´m leaving now, guys. I´ll be back at 20:00 CET.

Happy trading !
FOUR!

Thanks for daily and weekly analysis; helps alot to see how simple but accurate you use TA on THV3
  • #2,726
  • Mar 2, 2012 5:32am Mar 2, 2012 5:32am
Hola Alfredo,

I hope you enjoy your golf tournament this afternoon. When you return, I have a question regarding the pivots indicator. I downloaded the new zip file this morning. My understanding of the settings for the indicators input tabs are "HrsChoiceTzFromGMT" should be set at "0" for true GMT time and "HrsServerTzFromGMT" should be set to your individual broker GMT offset. Is this correct? If so, when I change the "HrsServerTzFromGMT" from 2 (default) to 1 (+1 my broker offset), the TMA bands disappear from my screen. When I change it back to 2, they reappear. I hate to take up your time with such a technical question, but I know setting the correct pivots are crucial.

Thank you for your kind attention to this issue.

Sincerely,

William
may you find what you seek and trade what you find
  • #2,727
  • Mar 2, 2012 5:40am Mar 2, 2012 5:40am
Quoting Alorente
....I receive as much from all of you as you may be receiving from me. Maybe more...
Glad you feel that way, Al! Refreshing in these times!
The mind thinks, the heart knows...
  • #2,728
  • Mar 2, 2012 5:45am Mar 2, 2012 5:45am
Quoting Alorente
No. You must do that manually by modifying the order once it triggers. I have a fantastic and very sophisticated EA (MPTM System) made by Steve Hopwood that is great at all the money management. I intend to introduce it as an addition to the system later on, but if you want it now, give me your email and I will send it to you. The way you use it is by applying it right after you remove the initial order EA.
Steve Hopwood has also made this EA wich is great and i think would be a very good adittion to this system : http://www.forexfactory.com/showthread.php?t=274840 .It was spesifically designed for nanningbob's 1.0 system so i think it will be of great use to this system as well(it takes profit according to tma bands and can put a stop loss according to the last swing etc).I am using it atm.It's only flaw is that once it closes a position,it automatically opens a new one which u have to close manually.It also manages your entries like the EAs you gave on your initial post.
In order though to be used as correctly as possible,Steve has to tweak it a little because the way you define your trend(Tma slope) is different from nanningbob's(cross of MAs) and for this reason it wont take correct entries.The flaw with the opening of new positions should also be fixed.
  • #2,729
  • Mar 2, 2012 5:49am Mar 2, 2012 5:49am
Hola Alfredo,

I have never been unable to log in to Forex Factory before due to server overload. In the past 4 days it has happened multiple times. Perhaps your thread is too popular.

USDCHF seems to be testing R3 (assuming my pivots are correct). I am short from .90963. Does anyone else have this trade?

William
may you find what you seek and trade what you find
  • #2,730
  • Mar 2, 2012 5:54am Mar 2, 2012 5:54am
Quoting faxxion
Hola Alfredo,

I have never been unable to log in to Forex Factory before due to server overload. In the past 4 days it has happened multiple times. Perhaps your thread is too popular.

USDCHF seems to be testing R3 (assuming my pivots are correct). I am short from .90963. Does anyone else have this trade?

William
Hi,

I have also been watching and trading USD/CHF on the long side though. Since the mid line seems to be acting as support. Still looking strong maybe needs to backtest hod for a d/t.

Best Wishes
Rojan
  • #2,731
  • Mar 2, 2012 6:01am Mar 2, 2012 6:01am
ooyeaaa....EU is taking a dive now
Lets make some green pips
  • #2,732
  • Mar 2, 2012 6:05am Mar 2, 2012 6:05am
GBP/JPY is a pretty interesting potential buy especially the closer it gets to the pivot. Trend and Risk Reward are good. GB/US and S3 the same thing- lets see how they correlate with each other.
  • #2,733
  • Mar 2, 2012 6:10am Mar 2, 2012 6:10am
Quoting Rojan2
Hi,

I have also been watching and trading USD/CHF on the long side though. Since the mid line seems to be acting as support. Still looking strong maybe needs to backtest hod for a d/t.

Best Wishes
Rojan
Hello Rojan,

You are correct, Rojan. I should only be taking long USD trades. Bad call on my part. USDCHF now testing R4.

William
may you find what you seek and trade what you find
  • #2,734
  • Mar 2, 2012 6:14am Mar 2, 2012 6:14am
Quoting faxxion
Hello Rojan,

You are correct, Rojan. I should only be taking long USD trades. Bad call on my part. USDCHF now testing R4.

William
Hi again,

Yes, HOD taken, worth to watch for weakness from here on. I have stopped longing it for now. Keeping an eye on a short later.

Best Luck
Rojan
  • #2,735
  • Mar 2, 2012 6:18am Mar 2, 2012 6:18am
Quoting crodzilla
I need to fix my post above:

1. If you see a GREY BUY, price is below the TMA band, TMA is ranging.
2. If you see a GREEN BUY, price is below the TMA band, and TMA is NOT ranging and in a positive slope over 0.5.
3. If you see a RED BUY, price is below the TMA band, TMA is NOT ranging and in a negative slope over 0.5.

Please test when the market wakes up...

Carl
...has anyone seen a red or green setup so far today?...i haven't.
  • #2,736
  • Mar 2, 2012 6:18am Mar 2, 2012 6:18am
Quoting bstay2
You already had 33 straight winners in a row, yet people are telling you to add this or that indicator to "help" you. Something is really strange here ..... people who can't get straight winners are telling you what to add to your already fantastic system. Very strange.
  • #2,737
  • Mar 2, 2012 6:19am Mar 2, 2012 6:19am
Quoting Rojan2
Hi again,

Yes, HOD taken, worth to watch for weakness from here on. I have stopped longing it for now. Keeping an eye on a short later.

Best Luck
Rojan
Rojan,

Thanks for the heads up.

William
may you find what you seek and trade what you find
  • #2,738
  • Mar 2, 2012 6:22am Mar 2, 2012 6:22am
Quoting sidefx
...has anyone seen a red or green setup so far today?...i haven't.
Same here , my buys and sells still remain grey on the ExtremeTMA_V8 table.
You gotta know when to hold 'em, know when to fold 'em ...
  • #2,739
  • Mar 2, 2012 6:27am Mar 2, 2012 6:27am
Quoting nitrate73
Same here , my buys and sells still remain grey on the ExtremeTMA_V8 table.
Grey buy on EU now for example (across MTFs); according to definition TMA should be ranging, clearly it isn't..perhaps Crodzilla could shed some light on it..
  • #2,740
  • Mar 2, 2012 6:41am Mar 2, 2012 6:41am
Those are my pivots on EUR USD, please comfirm if they are okey ! ?

S2: 1.3275
S3: 1.3247
S4: 1.3200
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