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Extreme TMA System

  • #8,201
  • Edited 8:44am Apr 5, 2012 8:39am | Edited 8:44am
Quoting DrDave
Got signal for the opposie direction. The low was 129.90. The bottom band was at 129.88

Dr Dave I often trade the smaller TFs is it possible for you to share that signal that indicates the bands have a high likelyhood of being hit.

Thanks

Robert
  • #8,202
  • Apr 5, 2012 8:45am Apr 5, 2012 8:45am
Quoting hargiyo84
EU hits TP
short from 1.3096 target 1.3046 ( 50 pips )

good result for today
thank you Mr. Alfredo
you are the best teacher

will look for other opportunity to short again tomorrow

regard
tomorrow i think will retrace
A good trader follows his rules, but great trader knows when to break them
  • #8,203
  • Apr 5, 2012 9:12am Apr 5, 2012 9:12am
Quoting hargiyo84
Hi Al,

I agree with you
I miss opportunity to sell EU early,.
but I sell from 1.096 TP 1.056

what is your opinion?
is it realistic target?

thanks
EU? I think you mean ej...
Observation is the path to discovery.
  • #8,204
  • Apr 5, 2012 9:13am Apr 5, 2012 9:13am
Quoting Surfnomad
Dr Dave I often trade the smaller TFs is it possible for you to share that signal that indicates the bands have a high likelyhood of being hit.

Thanks

Robert
Ha-ha! GBPJPY M15 signaled to expect top band hit, and there it is! Too bad I was busy because I was looking to do a another hedge buy on that today, too. Would have gotten between 20 and 30 pips. Oh well, pips are always flowing somewhere. I'll scoop up some more another time.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #8,205
  • Apr 5, 2012 9:14am Apr 5, 2012 9:14am
Quoting biganc
Al,

I have become very comfortable with the technical approach to trading the Extreme TMA system. However, you introduce a lot of fundamental
information in to how you trade the technical charts. Can you offer any input into services or websites that would be of benefit to begin developing an understanding of the fundamental side of trading forex?
Just follow Forest Factory and Daily FX

http://www.dailyfx.com/
Observation is the path to discovery.
  • #8,206
  • Apr 5, 2012 9:20am Apr 5, 2012 9:20am
Quoting FocusedonFX
Options barrier at 1.3100 EUR/USD, area will likely be targeted and defended. From ForexLive.
The 00 option levels are where the institutions make their money, running stops. The "true" option levels are the "option value" levels. They are the calculated break-even levels where the institutions will defend price levels.

You can see where the heavy open interest is, which will be defended depending on if the institution is short or long that level. The next level down is 2991, put options, which has a very high open interest.

Don't ask for the indicator, it is proprietary, and retrieves data from a private server.

Carl
Attached Image (click to enlarge)
Click to Enlarge Name: EUoptions.jpg Size: 252 KB
  • #8,207
  • Apr 5, 2012 9:25am Apr 5, 2012 9:25am
I need to set up and do as they please, fulfill purchase eur / jpy: tma 15 "2-4 hours (30/50 pips)
  • #8,208
  • Apr 5, 2012 9:33am Apr 5, 2012 9:33am
Quoting crodzilla
The 00 option levels are where the institutions make their money, running stops. The "true" option levels are the "option value" levels. They are the calculated break-even levels where the institutions will defend price levels.

You can see where the heavy open interest is, which will be defended depending on if the institution is short or long that level. The next level down is 2991, put options, which has a very high open interest.

Don't ask for the indicator, it is proprietary, and retrieves data from a private server.

Carl
Thanks Carl - another great piece of the information. You really contribute in so many ways. Thanks
Tom
  • #8,209
  • Apr 5, 2012 9:41am Apr 5, 2012 9:41am
Quoting DrDave
Ha-ha! GBPJPY M15 signaled to expect top band hit, and there it is! Too bad I was busy because I was looking to do a another hedge buy on that today, too. Would have gotten between 20 and 30 pips. Oh well, pips are always flowing somewhere. I'll scoop up some more another time.

DrDave

Thanks for your reply Dr. Dave. I am glad the signal works so well for you.
I guess I should have asked my question more clearly. What is the signal, is it an indicator that you put on your charts? If so are you open to sharing it with the thread or at least with me personally if you think it would distract the group.

Thank and continued success to you

Robert
  • #8,210
  • Apr 5, 2012 9:45am Apr 5, 2012 9:45am
Quoting crodzilla
The 00 option levels are where the institutions make their money, running stops. The "true" option levels are the "option value" levels. They are the calculated break-even levels where the institutions will defend price levels.

You can see where the heavy open interest is, which will be defended depending on if the institution is short or long that level. The next level down is 2991, put options, which has a very high open interest.

Don't ask for the indicator, it is proprietary, and retrieves data from a private server.

Carl
Carl I would not even ask for the indicator, but I do have a question, is that something you developed and coded or is it propritary to someone else and something you purchased or subscribe to.

Thanks for all you do and share Carl

Robert
  • #8,211
  • Apr 5, 2012 10:04am Apr 5, 2012 10:04am
I see AU is slightly bucking the trend.
  • #8,212
  • Apr 5, 2012 10:37am Apr 5, 2012 10:37am
Price has hit the H&S neckline and bounced off temporarily, giving the H4 channel time to repaint lower and come down more steeply. I believe there is a very good chance that the neckline could be broken during the rest of the day and/or the Asian session. After the break to 1.29 approximately, there should be a rebound to test the under side of the neckline and then a break lower between tomorrow and maybe Monday. Next week looks pretty bad for the Euro, with a test of the low at 1.26 likely in the next 2 weeks.
Observation is the path to discovery.
  • #8,213
  • Apr 5, 2012 10:40am Apr 5, 2012 10:40am
Hi Al, here in the 15 min chart i sse that we had the 3th breath, is that correct ?
So if price comes back down and stalls at the present low we could presume price will reverse and we can go look for a big long ?
Attached Image (click to enlarge)
Click to Enlarge Name: 3 breath.jpg Size: 202 KB
  • #8,214
  • Apr 5, 2012 10:40am Apr 5, 2012 10:40am
Also a nice divergence on the slope !
  • #8,215
  • Apr 5, 2012 10:42am Apr 5, 2012 10:42am
Quoting Alorente
Price has hit the H&S neckline and bounced off temporarily, giving the H4 channel time to repaint lower and come down more steeply. I believe there is a very good chance that the neckline could be broken during the rest of the day and/or the Asian session. After the break to 1.29 approximately, there should be a rebound to test the under side of the neckline and then a break lower between tomorrow and maybe Monday. Next week looks pretty bad for the Euro, with a test of the low at 1.26 likely in the next 2 weeks.
Al,
US session is closed tomorrow. Do you think we can play NFP?
Follow me to the Promised Land
  • #8,216
  • Edited 10:45am Apr 5, 2012 10:44am | Edited 10:45am
How reliable is a divergence on an M5 timeframe? Should divergence be measured on something higher like M15 or H1? Chart attached reads Trix divergence on M5 for EURAUD.

Best regards.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud trix divergence m5.gif Size: 30 KB
  • #8,217
  • Apr 5, 2012 10:50am Apr 5, 2012 10:50am
Quoting Tuauxp
Hi Al, here in the 15 min chart i sse that we had the 3th breath, is that correct ?
So if price comes back down and stalls at the present low we could presume price will reverse and we can go look for a big long ?
No, it still has to work on the 3rd. Below is more or less how it should look when itīs done.
Attached Image (click to enlarge)
Click to Enlarge Name: EurJpy.jpg Size: 279 KB
Observation is the path to discovery.
  • #8,218
  • Apr 5, 2012 10:52am Apr 5, 2012 10:52am
Quoting xlitang
Al,
US session is closed tomorrow. Do you think we can play NFP?
I know I am for sure.
Observation is the path to discovery.
  • #8,219
  • Apr 5, 2012 10:53am Apr 5, 2012 10:53am
Quoting Riddermark
How reliable is a divergence on an M5 timeframe? Should divergence be measured on something higher like M15 or H1? Chart attached reads Trix divergence on M5 for EURAUD.

Best regards.
It is much less reliable than in H1 or H4 and a lot less reliable than in D1 and W1.
Observation is the path to discovery.
  • #8,220
  • Apr 5, 2012 10:55am Apr 5, 2012 10:55am
Quoting Alorente
I know I am for sure.
Thanks,

How do you play NFP?
Follow me to the Promised Land
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