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Extreme TMA System

  • #7,661
  • Mar 29, 2012 8:59am Mar 29, 2012 8:59am
E\G buy the short
  • #7,662
  • Mar 29, 2012 9:06am Mar 29, 2012 9:06am
[quote=nanningbob;5524309]
Quoting Surfnomad

Last two posts

http://www.forexfactory.com/showthread.php?t=308304
download the 10.1 folder.
Can those s/r line be used for tradinf 1 hr or lower tfs too? Or are they only for higher TFs like 4hr and 1D?
  • #7,663
  • Mar 29, 2012 9:07am Mar 29, 2012 9:07am
Quoting By_Tor2114
Hi Mogul,

A lot of what you said has certainly echoed in my mind. I spent my first little while (Several years ago) learning all the technical stuff and often found that it led me in both directions. This isn't to say that TA isn't an amazing tool.

I'm very interested in the supply and demand side of things, but I've not really known where to start learning it. Someone mentioned a guy called Sam Seiden to me as being good with supply and demand mentality, but I've not really found anything good to read. Do you have any recommendations?
There must be like 40 videos of Sam Seiden here;

http://www.fxstreet.com/search/contr...1-e9bf77216d2f

His approach of Support Resistance (or as he adamantly calls it Supply Demand) if I recall correctly is slightly different and is based on the number of times these levels are hit and how long they stay at those levels (time) as to how strong or weak (ie - reliable) they are . Most people believe the more times a level is hit the stronger it is, however he teaches the more times a level is hit the weaker it is (buyer/sellers getting used up with each hit of the level) and more apt to be broken. Is he right? Like all things TA; kind of, IMHO.
  • #7,664
  • Mar 29, 2012 9:25am Mar 29, 2012 9:25am
Quoting Olarion1975
Paradox, there is one little bug as one cannot adjust the "TMABandSizeH1" and "TMABandSizeH4" to 2.5 as we need for the low atr pairs. It is only possible to enter a round number. Could you adjust the indi, please?

Thank you.
Here you go.
Attached File(s)
File Type: mq4 ExtremeTMAInfo.mq4   21 KB | 408 downloads
  • #7,665
  • Mar 29, 2012 9:29am Mar 29, 2012 9:29am
Quoting Olarion1975
Paradox, there is one little bug as one cannot adjust the "TMABandSizeH1" and "TMABandSizeH4" to 2.5 as we need for the low atr pairs. It is only possible to enter a round number. Could you adjust the indi, please?

Thank you.
After looking into the code, I corrected the indi myself...changed "integer" to "double".
  • #7,666
  • Mar 29, 2012 9:32am Mar 29, 2012 9:32am
Quoting Paradox
Here you go.
Ha...thank you man!

I just posted that I corrected the indi myself...

Did you change some other things besides "integer" to "double"?
  • #7,667
  • Mar 29, 2012 9:45am Mar 29, 2012 9:45am
Quoting Olarion1975
Ha...thank you man!

I just posted that I corrected the indi myself...

Did you change some other things besides "integer" to "double"?
Nope but it is posted here so Al can include the more flexible one.
  • #7,668
  • Mar 29, 2012 9:50am Mar 29, 2012 9:50am
Re earlier post I've found out what the problem is with my charts but I don't know how to solve it.

When I look at at H1 chart I am completely missing any data from 13.01.12 up to 28.03.12.

Can anyone give me some advice to correct this. Thanks.

NB. IT is not my strong point so in idiot terms would be perferable.
  • #7,669
  • Mar 29, 2012 10:00am Mar 29, 2012 10:00am
possibly, i found the floor of the channel...at last!

http://i40.tinypic.com/i2j3mp.jpg

Now, to expect the benefits ...

http://i39.tinypic.com/350jf34.jpg

eurjpy 15 min
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #7,670
  • Mar 29, 2012 10:06am Mar 29, 2012 10:06am
For those looking for EURGBP to bottom out to buy, have you been looking at H4 and H1 and counting bars? Remember, legs tend to run 5-10 bars then a correction.

When the down move didn't show signs of stopping with 7 down HA candles on H1, did you check how many down candles there were on H4? I had 3 at that time. So if a leg tends to go a minimum of 5 bars, would it be likely at that point in time we would see a big enough correction to paint even 1 up bar on H4, or would any kind of correction be at best some inside bars on H4, then continue down. (And at the point, how far away are we from the H4 bottom band?)

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #7,671
  • Mar 29, 2012 10:17am Mar 29, 2012 10:17am
Quoting tnavi
possibly, i found the floor of the channel...at last!


Now, to expect the benefits ...


eurjpy 15 min
I agree the bottom is probably in. But WOW! You took a far out look at m15. That is going out to the level of the D1 chart. I am interested just in the piece between the 2 orange dotted verticals.

DrDave
Attached Image (click to enlarge)
Click to Enlarge Name: EJ-m15.png Size: 49 KB
To free Gazans of Hamas, use whatever it takes.
  • #7,672
  • Mar 29, 2012 11:27am Mar 29, 2012 11:27am
Quoting DrDave
For those looking for EURGBP to bottom out to buy, have you been looking at H4 and H1 and counting bars? Remember, legs tend to run 5-10 bars then a correction.

[color=black][font=Verdana]When the down move didn't show signs of stopping with 7 down HA candles on H1, did you check how many down candles there were on H4? I had 3 at that time. So if a leg tends to go a minimum of 5 bars, would it be likely at that point in time we would see a big enough correction to paint even 1 up bar on H4, or would any...
I'm watching very carefully this pair also because earlier price bounced from this level. I hope that this time it will bounce too to H1 upper band. Trix on 15 is showing buy and on H1 is starting forming buy signal. Only reason why i'm not in this trade it's m15 sell only. But we will see maybe you are right and it's good that I don't take this trade
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 35 KB
  • #7,673
  • Mar 29, 2012 11:43am Mar 29, 2012 11:43am
the problema is the hour
  • #7,674
  • Mar 29, 2012 11:45am Mar 29, 2012 11:45am
Dr Dave;

How would you know whether it will correct in 5 bars or in 10 bars. so you can get out and back in after the correction comes to an end? Or is it just a confirmation that PA will continue in the trend before the correction?
  • #7,675
  • Mar 29, 2012 11:47am Mar 29, 2012 11:47am
Quoting penet
Al what do you think about eur/gbp long ? H1 is going up and price is reaching it's lower band
It looks good. H1 and H4 moving sideways. I feel you can get to the other H1 band.
Observation is the path to discovery.
  • #7,676
  • Mar 29, 2012 11:51am Mar 29, 2012 11:51am
Quoting Riddermark
Hi Al, thanks for the explanation. However, the rules on page 1 are;

(my highlighting above)

That's saying to me to check the TMA slope of lets say the 15M and if in Ranging levels trade both ways. It doesn't reflect your recent comment above.

Shouldn't there be somewhere in the rules on page 1;

Just want to clarify. Thanks for your assistance, best regards.
Yes. We have discussed this often in many posts, but I will include this information on Post 1.
Observation is the path to discovery.
  • #7,677
  • Mar 29, 2012 11:53am Mar 29, 2012 11:53am
Thank you Al for answer ! I'm thinking about taking this trade but m15 is only sell so I'm waiting
  • #7,678
  • Mar 29, 2012 11:55am Mar 29, 2012 11:55am
Quoting Riddermark
There must be like 40 videos of Sam Seiden here;

http://www.fxstreet.com/search/contr...1-e9bf77216d2f

His approach of Support Resistance (or as he adamantly calls it Supply Demand) if I recall correctly is slightly different and is based on the number of times these levels are hit and how long they stay at those levels (time) as to how strong or weak (ie - reliable) they are . Most people believe the more times a level is hit the stronger it is, however he teaches the more times...
Supply/Demand zones are support and resistance zones. He uses a new name to make it his own. Itīs marketing...I agree that the more an S/R line is hit, like the wall in a castle, the weaker it gets.
Observation is the path to discovery.
  • #7,679
  • Mar 29, 2012 11:58am Mar 29, 2012 11:58am
Quoting Paradox
Nope but it is posted here so Al can include the more flexible one.
Thanks, Paradox. I appreciate it.
Observation is the path to discovery.
  • #7,680
  • Mar 29, 2012 12:04pm Mar 29, 2012 12:04pm
Quoting penet
Thank you Al for answer ! I'm thinking about taking this trade but m15 is only sell so I'm waiting
Yes. If you are trading M15 TF you must wait. If you trade in H1 it is ready, with a Slope value of 0.00.
Observation is the path to discovery.
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