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Extreme TMA System

  • #3,401
  • Mar 5, 2012 7:52am Mar 5, 2012 7:52am
Quoting istvan
In short GBPUSD within band FPV, 200 ema, 800 ema, day range now > 80p
I did not get in, the FPV is at 1.58718, have a sell limit at 1.58700.
How many pips below the FPV did you enter?
  • #3,402
  • Mar 5, 2012 7:52am Mar 5, 2012 7:52am
Quoting bstay2
what is the link to the real-time chat room?


you are in it.
  • #3,403
  • Mar 5, 2012 7:55am Mar 5, 2012 7:55am
If risk off conditions continue then shorting chf/jpy at S1(if it holds) could become a good trade to at least the middle TMA line; 15m and 1m chart shown near time of entry.

Good luck,

Steve

PS: as I push the Post button drawdown has begun but still expect a profit.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chf.jpy.gif Size: 15 KB
Click to Enlarge Name: chf.jpy.1minute.gif Size: 13 KB
  • #3,404
  • Mar 5, 2012 7:57am Mar 5, 2012 7:57am
Quoting normtold
I did not get in, the FPV is at 1.58718, have a sell limit at 1.58700.
How many pips below the FPV did you enter?
12 pip
  • #3,405
  • Mar 5, 2012 7:59am Mar 5, 2012 7:59am
Al, can you pls post your s1,s2,s3,fpv,r1,r2,r3 values of gbp/usd just to check.

Tks

j.o
  • #3,406
  • Mar 5, 2012 8:06am Mar 5, 2012 8:06am
Quoting joaooliveira
al, can you pls post your s1,s2,s3,fpv,r1,r2,r3 values of gbp/usd just to check.

Tks

j.o
r2 - 1.59622

r1 - 1.59283

fpv - 1.58738

s1 - 1.58192

s2 - 1.57856
Observation is the path to discovery.
  • #3,407
  • Edited 9:16am Mar 5, 2012 8:08am | Edited 9:16am
Quoting JoaoOliveira
Al, can you pls post your s1,s2,s3,fpv,r1,r2,r3 values of gbp/usd just to check.

Tks

j.o

R3 1.60139
R2 1.59575
R1 1.59253

FPV 1.58715

S1 1.58165
S2 1.57828
S3 1.57290


Editing to add. Seems I am about 3 pips out somehow.

I would be grateful if anyone could suggest why my S,R and FPV lines are different to Al's.

I am in the UK, broker time is + 2 so I have the parameters set to 0 and 2. I don't know if I need to make adjustments because of DST and BST?

Actually setting it to 0 and 1 gets the numbers closer.
  • #3,408
  • Mar 5, 2012 8:12am Mar 5, 2012 8:12am
Quoting Alorente
r2 - 1.59622

r1 - 1.59283

fpv - 1.58738

s1 - 1.58192

s2 - 1.57856

Did any pairs in particular give you a leading indication of Yen weakness and Pound strength? What kept you out of the GBP/JPY trade or were you waiting to short at the pivot? It just blew through a solid resistance at 129.167.
  • #3,409
  • Mar 5, 2012 8:15am Mar 5, 2012 8:15am
Quoting FocusedonFX
Did any pairs in particular give you a leading indication of Yen weakness and Pound strength? What kept you out of the GBP/JPY trade or were you waiting to short at the pivot? It just blew through a solid resistance at 129.167.
Lower spread with GbpUsd than GbpJpy.
Observation is the path to discovery.
  • #3,410
  • Mar 5, 2012 8:16am Mar 5, 2012 8:16am
Quoting Alorente
Lower spread with GbpUsd than GbpJpy.
Also FPV is stronger resistance than S1.
Observation is the path to discovery.
  • #3,411
  • Mar 5, 2012 8:17am Mar 5, 2012 8:17am
Quoting Alorente
Lower spread with GbpUsd than GbpJpy.
Thanks.
  • #3,412
  • Mar 5, 2012 8:19am Mar 5, 2012 8:19am
Quoting istvan
12 pip
Hi Istvan, could you please clarify if you opened this trade using the range bars instead of regular M15 candles ?

If so, how it's been trading the extreme tma with range bars ? I'm a big fan of range and renko bars, but for now I'm testing the system in M15 candles...
  • #3,413
  • Mar 5, 2012 8:19am Mar 5, 2012 8:19am
Quoting Alorente
Also FPV is stronger resistance than S1.
Also, remember that S1 and S2 in GbpJpy had already been broken on the way down today, so they became weaker and easier to break on the way up.
Observation is the path to discovery.
  • #3,414
  • Mar 5, 2012 8:28am Mar 5, 2012 8:28am
Quoting JoaoOliveira
Al, can you pls post your s1,s2,s3,fpv,r1,r2,r3 values of gbp/usd just to check.

Tks

j.o
Joao, last night I shared a link that may be of your interest ! =)

http://www.forexfactory.com/showthre...78#post5441878

It's a link that shows the fibonacci pivot points for lots of pairs...

Hope you enjoy it.
  • #3,415
  • Mar 5, 2012 8:29am Mar 5, 2012 8:29am
Closed all positons as I have guests coming so cannot be stuck in front of the PC all day.

USD/CAD + 38.7
GBP/JPY + 47.4
AUD/JPY + .1 (got in early, pleased to get out at B/E)
USD.JPY + 7.3
GBP/USD + 4
USD/CAD +3 (closed because I cannot babysit)

I feel I got lucky today, went with the 4 rules but against Risk off on a couple of the trades.
  • #3,416
  • Mar 5, 2012 8:30am Mar 5, 2012 8:30am
Quoting beto21_cwb
Hi Istvan, could you please clarify if you opened this trade using the range bars instead of regular M15 candles ?
See the chart where i took my sell. I look for confluence of things such as MM session change over London/NY (reversal times) round#, TMA Slope, ema's, FPV, bar color change, etc.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 3-2-12.gif Size: 32 KB
  • #3,417
  • Mar 5, 2012 8:32am Mar 5, 2012 8:32am
Quoting normtold
Closed all positons as I have guests coming so cannot be stuck in front of the PC all day.

USD/CAD + 38.7
GBP/JPY + 47.4
AUD/JPY + .1 (got in early, pleased to get out at B/E)
USD.JPY + 7.3
GBP/USD + 4
USD/CAD +3 (closed because I cannot babysit)

I feel I got lucky today, went with the 4 rules but against Risk off on a couple of the trades.
Good for you. You´re on a roll.
Observation is the path to discovery.
  • #3,418
  • Mar 5, 2012 8:35am Mar 5, 2012 8:35am
Huge 5 Hour Bearish outside bar on Dollar Index.
  • #3,419
  • Mar 5, 2012 8:36am Mar 5, 2012 8:36am
Quoting normtold
Closed all positons as I have guests coming so cannot be stuck in front of the PC all day.

USD/CAD + 38.7
GBP/JPY + 47.4
AUD/JPY + .1 (got in early, pleased to get out at B/E)
USD.JPY + 7.3
GBP/USD + 4
USD/CAD +3 (closed because I cannot babysit)

I feel I got lucky today, went with the 4 rules but against Risk off on a couple of the trades.
Nice consistent going
  • #3,420
  • Mar 5, 2012 8:42am Mar 5, 2012 8:42am
Short on GBPJPY, someone?

L.
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