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Extreme TMA System

  • #6,741
  • Mar 22, 2012 11:58am Mar 22, 2012 11:58am
Quoting Alorente
Imbo, your posts and charts are very helpful. I hope we see you posting often. Thanks.
I set up a charts for the new traders to see the difference between regular and hidden divergence
  • #6,742
  • Mar 22, 2012 12:00pm Mar 22, 2012 12:00pm
Having failed at the attempt to break the neckline, EU should be attracting the attention of a lot of salivating shorts at this time.
Observation is the path to discovery.
  • #6,743
  • Mar 22, 2012 12:05pm Mar 22, 2012 12:05pm
Quoting imbonitore
I set up a charts for the new traders to see the difference between regular and hidden divergence
Thank you. I appreciate that.
Observation is the path to discovery.
  • #6,744
  • Mar 22, 2012 12:06pm Mar 22, 2012 12:06pm
Quoting Alorente
Well, what do you know...? EurUsd finally did make it to S1. It is amazing to me how consistent Fibonacci retracements are. I was thinking that maybe this time it wouldn´t make it, but Fibonacci lives...
Hi All, look at the pictures fibo expansion can give as a new view for exit in the wave 3 or move like AB=CD 100% Fibo expansion target. I use it for a long time and sometimes go more than 100%.
http://www.forexfactory.com/attachme...1&d=1332435856
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-03-22_100%FIBO.jpg Size: 146 KB
  • #6,745
  • Mar 22, 2012 12:10pm Mar 22, 2012 12:10pm
Quoting imbonitore
I set up a charts for the new traders to see the difference between regular and hidden divergence

great examples ,
looking forward to see more of your examples too.
  • #6,746
  • Mar 22, 2012 12:10pm Mar 22, 2012 12:10pm
Quoting lucatony29
Hi All, look at the pictures fibo expansion can give as a new view for exit in the wave 3 or move like AB=CD 100% Fibo expansion target. I use it for a long time and sometimes go more than 100%.
http://www.forexfactory.com/attachme...1&d=1332435856
Yes. I like it. Fibo expansion is a great tool.

Luca, for the sake of the newer traders, could I ask you to explain step by step how to use Fibo Expansion and what you are looking at to set your targets. It would be very helpful to many members. Thanks in advance.
Observation is the path to discovery.
  • #6,747
  • Mar 22, 2012 12:11pm Mar 22, 2012 12:11pm
here is one indicator .... good for new traders...can help with decisions

Attached Image (click to enlarge)
Click to Enlarge Name: picture for aud usd.jpg Size: 179 KB


Attached File(s)
File Type: mq4 NonLagMA_v7.1_EmailAlert.mq4   7 KB | 533 downloads
  • #6,748
  • Mar 22, 2012 12:12pm Mar 22, 2012 12:12pm
Quoting Alorente
Look at this enormous divergence on UJ daily. This thing still has a lot to fall in my opinion.
AL,

Does H4 TF indicate UJ need to run higher??
Follow me to the Promised Land
  • #6,749
  • Mar 22, 2012 12:15pm Mar 22, 2012 12:15pm
For those of you tempted to jump in UJ (Me being one of those), please hold off. It looks tasty, but it should get a lot tastier. You can get hurt really badly if you try to catch this falling knife. There will be plenty of time to do it. Whenever it finally stops, there will be multiple tests before it goes up decidedly again.
Observation is the path to discovery.
  • #6,750
  • Mar 22, 2012 12:18pm Mar 22, 2012 12:18pm
Quoting Alorente
Yes. I like it. Fibo expansion is a great tool.

Luca, for the sake of the newer traders, could I ask you to explain step by step how to use Fibo Expansion and what you are looking at to set your targets. It would be very helpful to many members. Thanks in advance.
I will explain tomorow, now i must go home a hard day 10h trade, i like to help new traders. ok, bye now see you.
  • #6,751
  • Mar 22, 2012 12:23pm Mar 22, 2012 12:23pm
Quoting lucatony29
I will explain tomorow, now i must go home a hard day 10h trade, i like to help new traders. ok, bye now see you.
http://www.forexfibonacci.com/
  • #6,752
  • Mar 22, 2012 12:26pm Mar 22, 2012 12:26pm
http://fibonaccigenius.com/fibonacci-retracements/
  • #6,753
  • Mar 22, 2012 12:34pm Mar 22, 2012 12:34pm
Big Al

Thanks for the help today ALSO!

With your tips today I did 12%.

I am a newbie yet. I dont have all the vision.

Thanks a lot.

L.
  • #6,754
  • Mar 22, 2012 12:56pm Mar 22, 2012 12:56pm
Quoting imbonitore
I set up a charts for the new traders to see the difference between regular and hidden divergence
Thanks for posting in this thread Imbonitore, great to see the more experienced traders also contributing to Alorente's thread.
  • #6,755
  • Mar 22, 2012 1:07pm Mar 22, 2012 1:07pm
Hi AL!
I badly understand English language.
And not absolutely has understood rules of an input in the bargains.
Could not you draw in a picture corrected of an input?
Thanks large.
  • #6,756
  • Mar 22, 2012 1:13pm Mar 22, 2012 1:13pm
Quoting pixelboy
Could I make a feature request for the next update to the ExtremeTMAInfo indicator? It would be nice to see today's ATR displayed next to the 14 day value. It's obviously not critical to this system, just a nice-to-have if it's easy to code.

Thanks

PB
There is no such thing as Today's ATR. It is an average of some number of days. Here is an indicator that is useful for seeing the ebb an flow of volatility. Maybe you will find it useful.
Attached File(s)
File Type: mq4 xADR_0.2.mq4   4 KB | 461 downloads
File Type: mq4 xAdrHistogram.mq4   2 KB | 534 downloads
  • #6,757
  • Mar 22, 2012 1:19pm Mar 22, 2012 1:19pm
First thank you for his great collaboration, which is of great help for all.

I have a doubt as for the reading of the dahsboard.

Here I put an example of the reading of the same one with the currency USDJPY in 1m, 5m, 15m.

Is it nice the board?.


I am using the last Tma Slope.

Thank you for his help.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1m.png Size: 105 KB
Click to Enlarge Name: 5m.png Size: 114 KB
Click to Enlarge Name: 15m.png Size: 118 KB
IH - B221 Return Today: -0.2%
  • #6,758
  • Mar 22, 2012 1:22pm Mar 22, 2012 1:22pm
Quoting pixelboy
Could I make a feature request for the next update to the ExtremeTMAInfo indicator? It would be nice to see today's ATR displayed next to the 14 day value. It's obviously not critical to this system, just a nice-to-have if it's easy to code.

Thanks

PB

Here is an indicator that shows Average Daily Range as well as Today's Range. I consider this information when deciding to take or trade, or not, when today's range is already greater than the Average Daily Range (14 is what I choose). Here is also a screen shot with the information at the top of the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 15 min 3-22.gif Size: 36 KB
Attached File(s)
File Type: mq4 Daily Range PeterE.mq4   2 KB | 517 downloads
  • #6,759
  • Mar 22, 2012 1:25pm Mar 22, 2012 1:25pm
Quoting Alorente
You would use it to identify higher than average volatility for scalping purposes?
It would be most useful if you were scalping off the M5 or M15. But would also help if you were taking a trade off a higher time-frame, but didn't want or couldn't, hold a trade overnight. If the range for the day had already been exceeded, then it would suggest a higher chance of either a retrace or ranging period. It can also be useful for targeting a profit taking area.

I think it would be a worthwhile addition as long as it doesn't take too much programming effort or processor cycles.

PB
  • #6,760
  • Mar 22, 2012 1:27pm Mar 22, 2012 1:27pm
Quoting frollollc
Here is an indicator that shows Average Daily Range as well as Today's Range. I consider this information when deciding to take or trade, or not, when today's range is already greater than the Average Daily Range (14 is what I choose). Here is also a screen shot with the information at the top of the chart.
I think we cross-posted! Thanks for the indicator. This one is a lot nicer than the one I've used in the past with a load of other junk attached which I never used.

PB
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