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Extreme TMA System

  • #6,381
  • Mar 21, 2012 7:54am Mar 21, 2012 7:54am
Quoting RandyG67
Is it correct to say that the next sizable move down in the Euro won't happen from here until the top of the 15m band is revisited?
No. I would say the Coral, which is right around the M15TMA center line.
Observation is the path to discovery.
  • #6,382
  • Mar 21, 2012 7:55am Mar 21, 2012 7:55am
Quoting le celte
Hello Al,
In fact TMA Lines looks like in the center of Gravity of Belkhayate a lot. It is the same principle.

Belle journée and thank's for your great work
jf
It is similar but I like TMA better. Especially MTF TMA.
Observation is the path to discovery.
  • #6,383
  • Mar 21, 2012 8:03am Mar 21, 2012 8:03am
Trix made a new low with hidden divergence there also confirming the TMA.



Quoting crodzilla
15-min.

This hidden divergence suggested the weakness was just a pull-back.

I'm not sure if the divergence was evident real-time due to the mechanics of the TMA, but it is obvious now.

Carl
  • #6,384
  • Mar 21, 2012 8:07am Mar 21, 2012 8:07am
Hello Al,

I think using multiple time frame TMAs on one chart is great for seeing the flow of the market. With that in mind, I have been using an indicator developed by Hanover that can display HA candles from many time frames on the chart of your choosing. Display characteristics of the indicator is very flexible.

Here is a screen shot of my chart with his indicator as well as a link to his thread showing its use.

http://www.forexfactory.com/showthread.php?t=159644
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd m15 3-21.gif Size: 35 KB
  • #6,385
  • Mar 21, 2012 8:12am Mar 21, 2012 8:12am
Quoting frollollc
Hello Al,

I think using multiple time frame TMAs on one chart is great for seeing the flow of the market. With that in mind, I have been using an indicator developed by Hanover that can display HA candles from many time frames on the chart of your choosing. Display characteristics of the indicator is very flexible.

Here is a screen shot of my chart with his indicator as well as a link to his thread showing its use.

http://www.forexfactory.com/showthread.php?t=159644
I have a better one if you want to use it. See below.
Attached File(s)
File Type: mq4 #MTF_Heiken_Ashi.mq4   9 KB | 657 downloads
Observation is the path to discovery.
  • #6,386
  • Mar 21, 2012 8:13am Mar 21, 2012 8:13am
Quoting Alorente
I have a better one if you want to use it. See below.
It shows when Heiken Ashi changes color in 4 different time frames. Much more user friendly.
Observation is the path to discovery.
  • #6,387
  • Mar 21, 2012 8:17am Mar 21, 2012 8:17am
Al - Thanks for your reply to my PM on AUD/CAD - It now makes perfect sense.
I was thinking how does Al know what is going to happen so often - HE LOOKS AT EVERYTHING. All I had to do was look at the slope indicator in full. It clearly said H1 Sell even tho 15 min said ranging. Gotta consider all facets of the picture. Thanks AL - Good lesson. Tom
  • #6,388
  • Mar 21, 2012 8:20am Mar 21, 2012 8:20am
Quoting tomthepoppop
Al - Thanks for your reply to my PM on AUD/CAD - It now makes perfect sense.
I was thinking how does Al know what is going to happen so often - HE LOOKS AT EVERYTHING. All I had to do was look at the slope indicator in full. It clearly said H1 Sell even tho 15 min said ranging. Gotta consider all facets of the picture. Thanks AL - Good lesson. Tom
That´s the best part of having two Slope values on the indi. You can keep an eye on both. When they both agree, you pull the trigger.
Observation is the path to discovery.
  • #6,389
  • Mar 21, 2012 8:21am Mar 21, 2012 8:21am
Quoting Alorente
I have a better one if you want to use it. See below.

Thanks, Al. I have that indicator, but when I've tried to apply it to a chart, my platform freezes and won't respond. I don't know why. Maybe it is too much data for my 4 year old computer. Hanover's indi, however, doesn't freeze my platform.
  • #6,390
  • Mar 21, 2012 8:22am Mar 21, 2012 8:22am
Hi guys,

I'm very new to this method, but it looks very interesting. Some comments on the attached chart would be great. I entered right after the close of the new blue HA candle, as marked by the verticle red line. Was this a valid entry or should I have waited for a stronger candle?

P.S I know there has be some big news about concerning these two currencies today, but if not for that, would this have been a valid entry?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp ext.gif Size: 27 KB
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #6,391
  • Mar 21, 2012 8:26am Mar 21, 2012 8:26am
Quoting By_Tor2114
Hi guys,

I'm very new to this method, but it looks very interesting. Some comments on the attached chart would be great. I entered right after the close of the new blue HA candle, as marked by the verticle red line. Was this a valid entry or should I have waited for a stronger candle?

P.S I know there has be some big news about concerning these two currencies today, but if not for that, would this have been a valid entry?
At this point I would not counsel shorting USD. Read today´s posts.
Observation is the path to discovery.
  • #6,392
  • Mar 21, 2012 8:27am Mar 21, 2012 8:27am
Apologies for the chart looking bunched up. Hopefully this new upload will look a little more spacious.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp ext.gif Size: 39 KB
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #6,393
  • Mar 21, 2012 8:28am Mar 21, 2012 8:28am
Quoting Alorente
At this point I would not counsel shorting USD. Read today´s posts.
I actually took a long position on demo on that. Have I got my entry criteria back to front?
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #6,394
  • Mar 21, 2012 8:51am Mar 21, 2012 8:51am
Al I know that you said you reduced the number of pairs you watch from 18 to 8 and I have those written down and thank you for that but my current computer figuration will optimally support me watching only 5 pairs, out of the 8 that you watch which would say are your top 5 pairs thank you.

Thank you

Wow I must say in the last 24-36 hours I have had a total break thru in my trading all thanks to the great wisedom, experience and ideas shared here.

Thank you so much Al and everyone.

Robert
  • #6,395
  • Mar 21, 2012 9:04am Mar 21, 2012 9:04am
Quoting Surfnomad
Al I know that you said you reduced the number of pairs you watch from 18 to 8 and I have those written down and thank you for that but my current computer figuration will optimally support me watching only 5 pairs, out of the 8 that you watch which would say are your top 5 pairs thank you.

Thank you

Wow I must say in the last 24-36 hours I have had a total break thru in my trading all thanks to the great wisedom, experience and ideas shared here.

Thank you so much Al and everyone.

Robert
I´m glad, Robert. As far as the pairs, pick the five with the lowest spreads.
Observation is the path to discovery.
  • #6,396
  • Mar 21, 2012 9:09am Mar 21, 2012 9:09am
Al, i have short usd/chf buy audusd, gbpusd, eurusd@ 1.362 on 15 min time scale. is i have done a right thing.Recently i am getting success on higher time frame(4 hrs).thx
  • #6,397
  • Mar 21, 2012 9:10am Mar 21, 2012 9:10am
Quoting jain028
Al, i have short usd/chf buy audusd, gbpusd, eurusd@ 1.362 on 15 min time scale. is i have done a right thing.Recently i am getting success on higher time frame(4 hrs).thx
You are asking me? I have said 4 times today that I would not short the USD. Good luck.
Observation is the path to discovery.
  • #6,398
  • Mar 21, 2012 9:12am Mar 21, 2012 9:12am
Quoting Alorente
You are asking me? I have said 4 times today that I would not short the USD. Good luck.
oops sorry
  • #6,399
  • Mar 21, 2012 9:16am Mar 21, 2012 9:16am
dear al,
it is a great call on eur/jpy today for me

thanks for the system
Attached Image (click to enlarge)
Click to Enlarge Name: eurjen.gif Size: 28 KB
  • #6,400
  • Mar 21, 2012 9:18am Mar 21, 2012 9:18am
I am again short EurUsd and GbpUsd.
Observation is the path to discovery.
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