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Extreme TMA System

  • #5,641
  • Mar 16, 2012 8:09am Mar 16, 2012 8:09am
Sorry man....when trading lower time frames always watch the FF calendar for news of red events. They don't hammer the larger TF like daily and better as much but certainly the moves on the lower TF's can make it a very long day!

Lionsden

Quoting pixelboy
Well, it looks like my GBPUSD short trade off R2 could be giving me another chance to test my recovery skills!!!

...and was it only 10 minutes before I put on the trade that I read, "USD at a one month high"?

Must engage brain before trading. Must engage brain before trading. Must engage brain before trading. Must engage brain before trading. Must engage brain before trading. Must engage brain before trading. Must engage brain before trading. Must engage brain before trading. Must engage brain before trading. Must engage brain before trading.

PB...
  • #5,642
  • Mar 16, 2012 8:12am Mar 16, 2012 8:12am
Quoting hargiyo84
hi AL, and everyone,.

is this because of CPI? or other that USD weak?
Al, I would to know how far does it effect (EU)?
cause i still short EU,.

please
and thanks
As I said yesterday, I expect a euro bounce to 1.32+ maximum. After that, I expect we resume the fall to 1.26 and beyond. The dollar needed a correction, but I donīt see it breaking 80 on the UsdIndex. Maybe this is all the drop we are going to get...
Observation is the path to discovery.
  • #5,643
  • Mar 16, 2012 8:17am Mar 16, 2012 8:17am
Quoting Alorente
H1 will come down inside the H4. Also a lot of it will be repainted over time. That is the main reason I am bearish now on UsdJpy.
Ok....This is very cool....IMHO, this MTF TMA Analysis shows clearly the price action.

Al, you are the best.
Thank you!
If I Change, the whole World changes!
  • #5,644
  • Mar 16, 2012 8:18am Mar 16, 2012 8:18am
Quoting lionsden
Sorry man....when trading lower time frames always watch the FF calendar for news of red events. They don't hammer the larger TF like daily and better as much but certainly the moves on the lower TF's can make it a very long day!

Lionsden
The funny thing is, I usually do have the news open in a separate window and watch it diligently. The problem is I have so much on my mind learning this new system, and I was so focussed on the entry rules, that I forgot one of my fundament rules.

A lesson learned.

PB

Edit: the way I handled that trade reminds me of the pilots who get so engrossed with watching their instruments and battling a strong cross-wind when landing, that they forget to lower their undercarriage.

Crunch.
  • #5,645
  • Mar 16, 2012 8:22am Mar 16, 2012 8:22am
Quoting pixelboy
The funny thing is, I usually do have the news open in a separate window and watch it diligently. The problem is I have so much on my mind learning this new system, and I was so focussed on the entry rules, that I forgot one of my fundament rules.

A lesson learned.

PB
Donīt sweat it. The dollar is coming back next week. This dollar move I expect will be the real one. Over time, it should bring the euro down to 1.17 and the yen up to 120. Of course, there will be bumps along the road (Consolidation periods).
Observation is the path to discovery.
  • #5,646
  • Mar 16, 2012 8:23am Mar 16, 2012 8:23am
Quoting Forex Girl
Ok....This is very cool....IMHO, this MTF TMA Analysis shows clearly the price action.

Al, you are the best.
Thank you!
Thanks. I see you are beginning to understand MTF TMA.
Observation is the path to discovery.
  • #5,647
  • Mar 16, 2012 8:24am Mar 16, 2012 8:24am
Trust me I have been there.... we are all works in progress.

Quoting pixelboy
The funny thing is, I usually do have the news open in a separate window and watch it diligently. The problem is I have so much on my mind learning this new system, and I was so focussed on the entry rules, that I forgot one of my fundament rules.

A lesson learned.

PB

Edit: the way I handled that trade reminds me of the pilots who get so engrossed with watching their instruments and battling a strong cross-wind when landing, that they forget to lower their undercarriage.

Crunch.
  • #5,648
  • Mar 16, 2012 8:30am Mar 16, 2012 8:30am
Hi AL and all traders would like to know if there is any program that alerts and news can be installed in the extreme method mt4 our thanks and best regards Xabi
  • #5,649
  • Mar 16, 2012 8:32am Mar 16, 2012 8:32am
Search FF for FF Cal headlines i believe....

Quoting Xabier
Hi AL and all traders would like to know if there is any program that alerts and news can be installed in the extreme method mt4 our thanks and best regards Xabi
  • #5,650
  • Mar 16, 2012 8:39am Mar 16, 2012 8:39am
Here ia AudUsd on THV. We have a clear downtrend on the RSI. We have divergences in both Trix and RSI. As long as RSI doesnīt break the down trendline. This pair is going down, which jibes pretty well with the MTF TMA analysis. I added to my short on the spurt higher.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 110 KB
Observation is the path to discovery.
  • #5,651
  • Mar 16, 2012 8:51am Mar 16, 2012 8:51am
Quoting Paradox
I see my little info panel is in the packet now. So cool. Not sure if anyone is using it though. It has a few minor bugs in the display colors...
Paradox,

I donīt know Iīm right, but I think there are still some bugs in display colors. Please, take a look at the chart attached...

Iīve just set my GMT Broker to +2. Is It OK?

If I'm wrong, please tell me!
Thank you!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.gif Size: 131 KB
If I Change, the whole World changes!
  • #5,652
  • Mar 16, 2012 8:55am Mar 16, 2012 8:55am
Quoting Alorente
As I said yesterday, I expect a euro bounce to 1.32+ maximum. After that, I expect we resume the fall to 1.26 and beyond. The dollar needed a correction, but I donīt see it breaking 80 on the UsdIndex. Maybe this is all the drop we are going to get...

hi, Al.
thank's for quick reply
and yes, I did saw your quote about that yesterday and I didn't pay attention..
I'm so sorry for ignoring your statement yesterday,.
Since I found this thread, I know you the great one,.
I have to learn more, more and more from you,.

best regard, from Indonesia
  • #5,653
  • Mar 16, 2012 8:59am Mar 16, 2012 8:59am
If EU does go to 1.32 then it should take AU higher - not an exact science of course.
  • #5,654
  • Mar 16, 2012 9:06am Mar 16, 2012 9:06am
Trying to put more then one Tma on a chart is not working for me, as I add a second with a different time frame it just changes the first one I installed - cannot get more then one on a chart?
  • #5,655
  • Edited 12:34pm Mar 16, 2012 9:06am | Edited 12:34pm
Dear Al:

In order to better understand recovery as you use it, please check my work on this worksheet. Does it represent what you do?

Do you use Recovery 1.1.2 and won't enter the 4 times initial lot size required to use Recovery 1.1.2.4?

My recollection is you've never had a drawdown go 300 pips before going to b/e. This spreadsheet gives us new to recovery an idea of the result of holding drawdown greater than 300 pips. Also, it could help us realize the account size required to survive a major drawdown situation.

Your a great teacher...so patient with us. Greatly appreciated.

Steve
Attached Image
  • #5,656
  • Mar 16, 2012 9:08am Mar 16, 2012 9:08am
EU almost at upper band on H4
  • #5,657
  • Mar 16, 2012 9:15am Mar 16, 2012 9:15am
im short in eurjpy 15 min.

http://i42.tinypic.com/npmd1w.jpg
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #5,658
  • Mar 16, 2012 9:29am Mar 16, 2012 9:29am
hi this new TMA...H1 and H4 in one window saved me today.. i knew i cant short coz it shud be around 1.32 ) i went long and in profit..yay..but i wanted to ask that there are 2 TMA lines for every time frame, one is up and one is down....is the down trent TMA showing the possible down price...thanx alot AL...
ash
  • #5,659
  • Edited 9:45am Mar 16, 2012 9:29am | Edited 9:45am
Observe how weak Aud is against the euro (EurAud), even though they are both climbing against the Usd. That is a sign that when they start down, Aud will fall much more.
Observation is the path to discovery.
  • #5,660
  • Mar 16, 2012 9:46am Mar 16, 2012 9:46am
Quoting Xabier
Hi AL and all traders would like to know if there is any program that alerts and news can be installed in the extreme method mt4 our thanks and best regards Xabi
here is a nice news alert that you can customize to your own personal needs ... and it's free

http://www.fxnewsalert.com/
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