DislikedAfter what the Finance Minister of Japan said today? You have some balls. Maybe youŽll get a bounce to the center line.Ignored
PB
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
DislikedAfter what the Finance Minister of Japan said today? You have some balls. Maybe youŽll get a bounce to the center line.Ignored
DislikedThanks Al; Too bad for me that I still don't understand how 2 indy's expected to read identical when on the 4h TF have different outer bands. You've tried to help me...I accept that for now till I can study this more.
thanks once again, SteveIgnored
DislikedThat's why the USDJPY scares me. I witnessed some evil BOJ spikes (thankfully on demo). Mind you, none as bad as the EURCHF last year. That was like watching a really good fireworks show!
PBIgnored
DislikedAfter what the Finance Minister of Japan said today? You have some balls. Maybe youŽll get a bounce to the center line.Ignored
DislikedThanks Al; Too bad for me that I still don't understand how 2 indy's expected to read identical when on the 4h TF have different outer bands. You've tried to help me...I accept that for now till I can study this more.
thanks once again, SteveIgnored
DislikedSteve I felt the same way and asked the same question (I think) just a bit differently. Read Al's response to my recent question re longer TFs and I think you'll have your answer. In a nut shell just adjust the ATR Multiplier to 3 on your Longer TF and then it will match the Longer TF bands that you see on the smaller TF Charts.
I hope this helps and better answers your question.
RobertIgnored
DislikedThanks Al and Robert...case closed...my mistake. I didn't right click on the bands correctly to see the ATR settiings...now realize one is set to ATR=2 and other set to ATR=3 which explains why they are different when looking at 4h chart...whew...that should have been easy. SteveIgnored
DislikedOn the longer time frames, change the ATR Multiplier until it pretty much touches all the swings from the lower TF chart. This is just to give you a reference to the typical amplitude of the cycles in that TF. Whether it is 3 or 2.7, it makes no difference. Just fit it to the TF and the pair.Ignored
DislikedWas this MTF TMA trade okay to go short ? I shorted @ 109.579 when HA turned red.
Using a regular M15 TMA, along with an H1 TMA (dotted pink/light green), and testing Fibonacci R2, nice 94 pips from H1 band to band, both M15 and H1 have a ranging slope.
Gotta go to bed now, let's see how this turns out in the morning... +14 pips so far... I'll set my TP to FPV (+60 pips).
I'm taking another short at AUD/JPY, due to similar chart pattern (PA above M15 and H1 TMAs).Ignored
DislikedThanks Al and Robert...case closed...my mistake. I didn't right click on the bands correctly to see the ATR settiings...now realize one is set to ATR=2 and other set to ATR=3 which explains why they are different when looking at 4h chart...whew...that should have been easy. SteveIgnored
DislikedDamn. Me too, sorry.
BTW Steve, love your avatar. Is that a Doberman or Manchester Terrier?
PBIgnored
DislikedHello guys and dolls
I've been looking at D1 trading... you talked about spikes.....USDJPY.... look at those huge spikes on D1 chart when you zoom out...round about this time last year.....imagine riding that back in on a long.
It looks very attractive when the D1 swings between bands with hundreds of pips involved in a couple of days with just one trade per pair.
But I guess it needs a special skill to trade those upper TF's....must be a blast to be able to handle a handful of D1 trades on a regular basis...!
I would like to know more...Ignored
DislikedAfter what the Finance Minister of Japan said today? You have some balls. Maybe youŽll get a bounce to the center line.Ignored