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Extreme TMA System

  • #6,501
  • Mar 21, 2012 12:43pm Mar 21, 2012 12:43pm
Al I was just looking at my M30 chart and I just noticed that on the last move down in the EURUSD from 3/8 to 3/14 from H4 top band to H4 bottom band there was basically 3 swing lows and all 3 were accompanied by Slope and Trix divervgence. and conversely on the most recent move up from H4 bottom band to H4 top band there were also basically 3 swing highs that were also accompanied by Slope and Trix divergence. And I just noticed that those lows and highs were in close proximity to the 1 hour bands.

I am reading too much in to this "coincidence" or am I finally start to catch on to what you have been sharing with us all along.

Sorry I don't know how to post a picture or would do so

if could please comment and possibly post a picture if you think it would be helpful to other I'd appreciate it.

Thank you for sharing your life's work with us I know it has definitely made a positive impact on my trading and my life.

Thanks

Robert
  • #6,502
  • Mar 21, 2012 12:51pm Mar 21, 2012 12:51pm
Wow I just got thru reading your response to Normtold.

That's amazing thank you for teaching me to see what you see.
  • #6,503
  • Mar 21, 2012 12:52pm Mar 21, 2012 12:52pm
Hello Al
Thank you for starting this thread
Appreciate the clear explanations in the posting of charts and notes. (which by the way are PRICELESS)
Also appreciate the work of all those listed in the HALL OF FAME
Also appreciate all those who are asking a lot of question & your answer to all of them makes it easy for us who are in the shadow

I am reading it all and taking as much in as possible.(I like to read every thing atleast 3 times to really soak it in but the the thread is moving too fast for that)
Your live tips with detailed explanation makes the learning curve much easier
Have learned a lot from you but still have a long way to go
Thanks Again
ST
A good trader follows his rules, but great trader knows when to break them
  • #6,504
  • Mar 21, 2012 1:03pm Mar 21, 2012 1:03pm
Iīm back in short in GU at the Coral. I wonīt be trading this. Just leaving it overnight.
Observation is the path to discovery.
  • #6,505
  • Mar 21, 2012 1:19pm Mar 21, 2012 1:19pm
EU - coral getting close to 200 MA.
  • #6,506
  • Mar 21, 2012 1:19pm Mar 21, 2012 1:19pm
Quoting Surfnomad
Al I was just looking at my M30 chart and I just noticed that on the last move down in the EURUSD from 3/8 to 3/14 from H4 top band to H4 bottom band there was basically 3 swing lows and all 3 were accompanied by Slope and Trix divervgence. and conversely on the most recent move up from H4 bottom band to H4 top band there were also basically 3 swing highs that were also accompanied by Slope and Trix divergence. And I just noticed that those lows and highs were in close proximity to the 1 hour bands.

I am reading too much in to this "coincidence"...
What you have observed is one of the most important realities of the market. As I said before, the number 3 is critical to the market. Yes. The three impulses are followed by a 4th test that usually fails, and yes, that test will almost always show a divergence to price on Trix, RSI, Slope indi, MACD, etc. Why is this not part of most books on technical analysis? I have no idea, but it is an essential pillar of my trading approach. You have been able to observe this on your own and I give you kudos for that. As I say in my signature:

Observation is the Path to Discovery.
Observation is the path to discovery.
  • #6,507
  • Mar 21, 2012 1:22pm Mar 21, 2012 1:22pm
Quoting handy148
EU - coral getting close to 200 MA.
Yes, that is basically confirmed. Sometimes you get the drop before the confirmation. Still, I expect price to continue to drop for the next few weeks to test the low of 1.26+ and possibly break it.
Observation is the path to discovery.
  • #6,508
  • Mar 21, 2012 1:24pm Mar 21, 2012 1:24pm
Quoting Alorente
Yes, that is basically confirmed. Sometimes you get the drop before the confirmation. Still, I expect price to continue to drop for the next few weeks to test the low of 1.26+ and possibly break it.
By the way, if this baby gets to the FPV/Coral area, I am shorting it.
Observation is the path to discovery.
  • #6,509
  • Edited 1:35pm Mar 21, 2012 1:32pm | Edited 1:35pm
Quoting Alorente
What you have observed is one of the most important realities of the market. As I said before, the number 3 is critical to the market. Yes. The three impulses are followed by a 4th test that usually fails, and yes, that test will almost always show a divergence to price on Trix, RSI, Slope indi, MACD, etc. Why is this not part of most books on technical analysis? I have no idea, but it is an essential pillar of my trading approach. You have been able to observe this on your own and I give you kudos for that. As I say in my signature:

Observation...
Al this observation on my own would simply have not been possible without you sharing your wisedom and your careful guidance along this path of discovery.

Thank you so much my friend

BTW I looked at the chart again and thank you for bringing up the "forth failed test" that too is vital which I didn't notice without you pointing it out Thanks
  • #6,510
  • Mar 21, 2012 1:33pm Mar 21, 2012 1:33pm
Currently I am still trading with the previous 'packet' from pg 1, as I find it impossible to get the Trix4kids and the Coral loaded onto any chart. I can load the previous Trix v1.0 and it works fine.
Not one of the 4 templates in the 'packet' loads the 'band' lines or any pivots, and I have to use a previous template of mine with the colour centre line and pivotD.
I have reloaded, re downloaded etc, etc, numerous times..... been trying for hours now....

Is there anyone else experiencing similar problems, or is this just me? Thank you kindly.
  • #6,511
  • Mar 21, 2012 1:36pm Mar 21, 2012 1:36pm
Al today when we went back above the 4H TMA (by over 40Pips) after breaking below it yesterday...were you maybe thinking this wants to go to the Daily TMA and that you were caught in a bear trap? How did you know to hold and not get out?
  • #6,512
  • Mar 21, 2012 1:40pm Mar 21, 2012 1:40pm
Here is a great trader who today announced exactly the same view that I have regarding USD, EUR, GBP and AUD. Even the projected numbers match my predictions. Has he been following our thread...?

http://www.efxnews.com/story/11399/p...ond-mgr-mather
Observation is the path to discovery.
  • #6,513
  • Mar 21, 2012 1:41pm Mar 21, 2012 1:41pm
Quoting interbucks
Currently I am still trading with the previous 'packet' from pg 1, as I find it impossible to get the Trix4kids and the Coral loaded onto any chart. I can load the previous Trix v1.0 and it works fine.
Not one of the 4 templates in the 'packet' loads the 'band' lines or any pivots, and I have to use a previous template of mine with the colour centre line and pivotD.
I have reloaded, re downloaded etc, etc, numerous times..... been trying for hours now....

Is there anyone else experiencing similar problems, or is this just me? Thank you kindly....
I think it is just you. Havenīt heard of any problems...
Observation is the path to discovery.
  • #6,514
  • Mar 21, 2012 1:44pm Mar 21, 2012 1:44pm
Quoting fire580
Al today when we went back above the 4H TMA (by over 40Pips) after breaking below it yesterday...were you maybe thinking this wants to go to the Daily TMA and that you were caught in a bear trap? How did you know to hold and not get out?
Read my posts from early this morning where I expressed at length, word by word exactly what was going through my mind. I was trying to instill confidence so some of you would not close your trades at a loss.
Observation is the path to discovery.
  • #6,515
  • Mar 21, 2012 1:45pm Mar 21, 2012 1:45pm
Quoting Alorente
So now I just open a beer and relax, because with no selling ant the Coral and 3 support levels under price real close, I think there will be consolidation at this time.
I don't find any rules in the original system post#1 about coral indi. Can someone refer me to the right post or explain how to use it with the other indicators. What the new rules to follow? thanks,
  • #6,516
  • Mar 21, 2012 1:47pm Mar 21, 2012 1:47pm
Quoting Alorente
By the way, if this baby gets to the FPV/Coral area, I am shorting it.
Hi Al,

Please have a look at the picture. Do you mean the circle 1, when Coral (red line) touches/crosses SMA200 (blue line), you will make a short entry? When this happens, do you need to wait until the conditions in circle 2 and 3 turn around as well, i.e. pointing downward? Or, do you just need to consider the circle 1 to be fulfilled only?

Your comment is greatly appreciated...

Cheers...
RD
Attached Image (click to enlarge)
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To excel by continuous learning
  • #6,517
  • Mar 21, 2012 1:52pm Mar 21, 2012 1:52pm
Quoting PeepCzar
Hi Al,

Please have a look at the picture. Do you mean the circle 1, when Coral (red line) touches/crosses SMA200 (blue line), you will make a short entry? When this happens, do you need to wait until the conditions in circle 2 and 3 turn around as well, i.e. pointing downward? Or, do you just need to consider the circle 1 to be fulfilled only?

Your comment is greatly appreciated...

Cheers...
RD
At some point I expect a quick spike up to the FPV and if Iīm awake when that happens Iīll Sell. If Iīm not, I will leave a Sell stop order at the FPV price overnight. I donīt need to see the Trix on this one. I already know it by heart in all time frames.
Observation is the path to discovery.
  • #6,518
  • Mar 21, 2012 2:18pm Mar 21, 2012 2:18pm
some scalping in eurjpy 15 min.

long...

http://i41.tinypic.com/33za1yv.jpg
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #6,519
  • Mar 21, 2012 2:22pm Mar 21, 2012 2:22pm
Quoting Alorente
I think it is just you. Havenīt heard of any problems...
Thanks Al, I put it all on different MT4 at another broker...working fine here... don't know whats up at FXPRO'S....?
  • #6,520
  • Edited 2:28pm Mar 21, 2012 2:26pm | Edited 2:28pm
Quoting Surfnomad
Wow I just got thru reading your response to Normtold.

That's amazing thank you for teaching me to see what you see.
Yes an amazing and very detailed response, thanks Alorente.
That's one I need to read a few times and check the chasrts out.

Surfnomad, to post a chart you need to right click anywhere on the chart you want to post, click "save as picture", then you have 3 options.

Pick an option and then save to the desktop.

Then when you have finished typing the text, scroll down and click "manage attachments" to upload your picture from your desktop.
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