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Extreme TMA System

  • #7,981
  • Apr 3, 2012 8:17am Apr 3, 2012 8:17am
Quoting By_Tor2114
Did anyone else find this a tad odd, given that there was a positive news release in favour of Sterling today? I know the pair was a making somewhat of a peak, but I wasn't expecting a drop like that.
Interesting symmetry between the Euro move yesterday and the GBP today.
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  • #7,982
  • Apr 3, 2012 8:17am Apr 3, 2012 8:17am
Quoting By_Tor2114
Did anyone else find this a tad odd, given that there was a positive news release in favour of Sterling today? I know the pair was a making somewhat of a peak, but I wasn't expecting a drop like that.
No, not at all. First, consider news releases a glitch in the data. A short flurry of unpredicatable activity; price can shoot up, down, or appear to be unaffected. Then everything returns to the pre-news flow.

The GBPUSD D1 has been in an uptrend for a while. All the smaller charts have made a pullback and continuation to it, and even the H4 is overdue to end going up. So if it is past time for H4 to come down, and it is the smaller charts up at its top band coming down first that will bring it down, isn't it reasonable that if the news tends to favor the drop, then the "flurry of unusual activity" surrounding the news will result in a substantial drop in price, because that is already the directioin that the smaller charts are heading? Then after the news activity fades away, the down move will become more "normal".
To free Gazans of Hamas, use whatever it takes.
  • #7,983
  • Apr 3, 2012 8:21am Apr 3, 2012 8:21am
Quoting DrDave
No, not at all. First, consider news releases a glitch in the data. A short flurry of unpredicatable activity; price can shoot up, down, or appear to be unaffected. Then everything returns to the pre-news flow.

The GBPUSD D1 has been in an uptrend for a while. All the smaller charts have made a pullback and continuation to it, and even the H4 is overdue to end going up. So if it is past time for H4 to come down, and it is the smaller charts up at its top band coming down first that will bring it down, isn't it reasonable that if the news tends...
Many good points (Hence why I don't trade the news).

Just one thing; the news release here was in favour of the sterling, so surely not in favour of a drop?
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #7,984
  • Apr 3, 2012 8:27am Apr 3, 2012 8:27am
Quoting By_Tor2114
Just noticed this issue with my chart:

When I open the M15 chart, the grey dotted line (The M15 band) is at a different price than when it appears in the H1 window. Is this normal? Maybe it's just me, but I can't work out why the M15 band would appear in different places on different time scales.
When you open an H1 window, the grey bands are the H1 TMA with 2.0 ATR Multiplier. The Orange bands are with 3.0 0or 2.5 multiplier depending on high or low ATR template. The M15 bands will only show up if the Time Frame of the chart is M15.
Observation is the path to discovery.
  • #7,985
  • Apr 3, 2012 8:30am Apr 3, 2012 8:30am
Quoting By_Tor2114
Many good points (Hence why I don't trade the news).

Just one thing; the news release here was in favour of the sterling, so surely not in favour of a drop?
I did not mean to imply that the news supported a drop in this specific case. If you are going to be in a trade during the news, you must be prepared to deal for both of the extreme scenarios; a possible wild jolt against your position or a run away freight train in your direction (that you can then later brag to your buddies about how you rode that train for XXX pips ). If you don’t have the psyche to deal with the former, then it is best to close your position before the news release.
To free Gazans of Hamas, use whatever it takes.
  • #7,986
  • Apr 3, 2012 8:40am Apr 3, 2012 8:40am
Quoting DrDave
I did not mean to imply that the news supported a drop in this specific case. If you are going to be in a trade during the news, you must be prepared to deal for both of the extreme scenarios; a possible wild jolt against your position or a run away freight train in your direction (that you can then later brag to your buddies about how you rode that train for XXX pips ). If you don’t have the psyche to deal with the former, then it is best to close your position before the news release.
Ah, I'm with ya!

Again, this is why I don't trade the news. I'm sure for the long term folk, it's easier to deal with. For me (Scalper [guilty as charged]) it spells a nervous break down!
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #7,987
  • Apr 3, 2012 8:43am Apr 3, 2012 8:43am
Quoting imbonitore
HSBC this time, with a recommendation to short AUD/CAD at 1.0288 for 1.0050. Stops loss at 1.0410.
This is based on the CAD being better equipped to out-perform the AUD on the back of a US recovery.
The RBA announcement today which hinted strongly at an RBA cut in May of around 25bps .. makes sense to me

AUD/CAD’s at 1.0286


be careful about AUD for long
So tempted to long aud/nzd,very nice setup..but guess ill pass this one out.
  • #7,988
  • Apr 3, 2012 8:51am Apr 3, 2012 8:51am
Quoting Lyk
Can someone advice, Jus to check the eur/aud H1 chart, is this ok to enter SHORT and LONG in 15M? As the it is abt to touch the upper orange band?
In my opinion it looks like a short. Went above 1 hr TMA, TMA Slope was ranging down, TRIX had turned down and changed color, and HA had changed color. Good tradeing.
  • #7,989
  • Apr 3, 2012 8:53am Apr 3, 2012 8:53am
I am having issues with getting TMA indicators on XP, any ideas?

Jim
  • #7,990
  • Apr 3, 2012 9:01am Apr 3, 2012 9:01am
Quoting tomthepoppop
In my opinion it looks like a short. Went above 1 hr TMA, TMA Slope was ranging down, TRIX had turned down and changed color, and HA had changed color. Good tradeing.
Thank you
  • #7,991
  • Apr 3, 2012 9:06am Apr 3, 2012 9:06am
I use XP and it works fine.

Make sure your MT4 is build 409 or above.
  • #7,992
  • Apr 3, 2012 9:13am Apr 3, 2012 9:13am
Quoting Alorente
Hello William,

Version 29 of the Dashboard gives signals that comply with the 4 rules on Post 1 plus Heiken Ashi color change, Fast Trix color change and Divergence. Because we have noticed very few signals with all these filters, we are going to remove the Divergence condition for the next version.

The Dashboard signal is good enough to enter a position.

I´ve noticed that trades 15 pips beyond the band are better, but under 15 pip signals are also valid.

I take the best signals available at that moment. Sometimes I will wait a while for...
Hello Alfredo,

Thank you for the detailed answer to my question.

Regarding removing 'divergence' as a filter on the next Dashboard, can we just make it a 'true/false' setting in Properties. I, for one, appreciate the fewer quality signals. In this business you can make a good living on 2-4 good setups per day, or even 1 for that matter. I think removing a valuable filter just for the sake of a higher quantity of trades is a mistake.

Quality over quantity.

Thanks again,

William
may you find what you seek and trade what you find
  • #7,993
  • Apr 3, 2012 9:17am Apr 3, 2012 9:17am
Quoting tomthepoppop
In my opinion it looks like a short. Went above 1 hr TMA, TMA Slope was ranging down, TRIX had turned down and changed color, and HA had changed color. Good tradeing.
I concur. But be prepared for a possible rally at about the midline of the H1.
To free Gazans of Hamas, use whatever it takes.
  • #7,994
  • Apr 3, 2012 9:18am Apr 3, 2012 9:18am
Quoting faxxion
Hello Alfredo,

Thank you for the detailed answer to my question.

Regarding removing 'divergence' as a filter on the next Dashboard, can we just make it a 'true/false' setting in Properties. I, for one, appreciate the fewer quality signals. In this business you can make a good living on 2-4 good setups per day, or even 1 for that matter. I think removing a valuable filter just for the sake of a higher quantity of trades is a mistake.

Quality over quantity.

Thanks again,

William
If we are voting, I vote with William to make divergence filter user selectable.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #7,995
  • Apr 3, 2012 9:28am Apr 3, 2012 9:28am
Quoting grechmar
So tempted to long aud/nzd,very nice setup..but guess ill pass this one out.
Not a good idea to Long AUD. It´s a falling knife now.
Observation is the path to discovery.
  • #7,996
  • Apr 3, 2012 9:30am Apr 3, 2012 9:30am
you thinking rally of gbp and euro with european market close, long set ups?
  • #7,997
  • Apr 3, 2012 9:32am Apr 3, 2012 9:32am
Quoting DrDave
If we are voting, I vote with William to make divergence filter user selectable.

DrDave
I concur and a lot of it has to do with the different ways individuals trade and the different ways they interpret signals and the brokers they use etc etc etc.

But I must say that I continue to make pips with this system. I am so confident with every trade now where in the past I entered with some trepidation. I just can't express enough what a comfortable system AL has created. Thanks is not enough.
Tom
  • #7,998
  • Apr 3, 2012 9:52am Apr 3, 2012 9:52am
Quoting tomthepoppop
I concur and a lot of it has to do with the different ways individuals trade and the different ways they interpret signals and the brokers they use etc etc etc.

But I must say that I continue to make pips with this system. I am so confident with every trade now where in the past I entered with some trepidation. I just can't express enough what a comfortable system AL has created. Thanks is not enough.
Tom
I´m glad I have been of some help to you, Tom.
Observation is the path to discovery.
  • #7,999
  • Apr 3, 2012 9:53am Apr 3, 2012 9:53am
Hi Tom, let me guess, your using the 15m timeframe, right?

Quoting tomthepoppop
I concur and a lot of it has to do with the different ways individuals trade and the different ways they interpret signals and the brokers they use etc etc etc.

But I must say that I continue to make pips with this system. I am so confident with every trade now where in the past I entered with some trepidation. I just can't express enough what a comfortable system AL has created. Thanks is not enough.
Tom
Tracking the Specialists.
  • #8,000
  • Apr 3, 2012 9:54am Apr 3, 2012 9:54am
Quoting Connected
Hi Tom, let me guess, your using the 15m timeframe, right?
Yes - 15m - Tom
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