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Extreme TMA System

  • #8,261
  • Apr 5, 2012 3:55pm Apr 5, 2012 3:55pm
http://i39.tinypic.com/156ct3q.jpg

seems that rises....eurjpy...

regards!
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #8,262
  • Apr 5, 2012 3:59pm Apr 5, 2012 3:59pm
Build 419 is now available for MetaTrader.
Has anyone tried this update, and what were the results??
Thank you.
  • #8,263
  • Apr 5, 2012 3:59pm Apr 5, 2012 3:59pm
Quoting Alorente
Below is Version 32 of Carlīs Dashboard. There are more speed improvements and two new inputs. One for the Fast Trix color change trigger and the other one for Divergence detection. Both are turned off by default since the number of signals we were getting dropped considerably. To turn them on, change FALSE to TRUE.

Note: Heiken Ashi color change trigger remains on by default and cannot be changed.
Hi Al, Thanks to you and Carl for your great contributions. Excellent work.

Best regards.
  • #8,264
  • Apr 5, 2012 10:40pm Apr 5, 2012 10:40pm
Alfredo and Carl,

Thank you for your answers.

William
may you find what you seek and trade what you find
  • #8,265
  • Apr 5, 2012 10:59pm Apr 5, 2012 10:59pm
Short AUDUSD. Anyone else??
Follow me to the Promised Land
  • #8,266
  • Apr 5, 2012 11:12pm Apr 5, 2012 11:12pm
Quoting xlitang
Short AUDUSD. Anyone else??
Hello Xlitang,

I would like to stay up and trade with you, but I am off to bed.

William
may you find what you seek and trade what you find
  • #8,267
  • Apr 5, 2012 11:14pm Apr 5, 2012 11:14pm
I will be off to bed soon.
Follow me to the Promised Land
  • #8,268
  • Apr 5, 2012 11:29pm Apr 5, 2012 11:29pm
Quoting xlitang
Short AUDUSD. Anyone else??
Thanks for the warning xlitang, just shorted @ 1.0310... What's your TP ?
  • #8,269
  • Apr 5, 2012 11:43pm Apr 5, 2012 11:43pm
Thanks, Carl, Al for the Dashboard, and update! Especially, for the option of changing the pairs! (I needed the 8 on Nadex.)

Thanks to William, Mike, et al for asking the questions that the rest of us needed to know the answers to, but either were afraid to ask, or didn't know we needed to!

Mike, I believe, needed accurate data that's broker independent. Here's a site that's run by Integral, the institutional data provider, which has free data directly from Integral. It has data feeds in various forms and a platform which also gets it's data directly from Integral. It might be good for comparison.

http://truefx.com/
The mind thinks, the heart knows...
  • #8,270
  • Apr 5, 2012 11:51pm Apr 5, 2012 11:51pm
Quoting Ever E. Man
Thanks, Carl, Al for the Dashboard, and update! Especially, for the option of changing the pairs! (I needed the 8 on Nadex.)

Thanks to William, Mike, et al for asking the questions that the rest of us needed to know the answers to, but either were afraid to ask, or didn't know we needed to!

Mike, I believe, needed accurate data that's broker independent. Here's a site that's run by Integral, the institutional data provider, which has free data directly from Integral. It has data...
Hello Ever,

Thanks for the mention. Trust me, your posts have helped me far more than I have helped you. Keep up the good work. Your attention to detail is something I lack in my personality.

Your Friend,

William
may you find what you seek and trade what you find
  • #8,271
  • Apr 6, 2012 12:04am Apr 6, 2012 12:04am
Hello Alfredo and Carl,

Just to be clear, if I want my charts to match the Dashboard, do ALL of my ATR's need to be 2.0.

When I say ALL, I mean all 3 running in a single chart. In some of the templates, the current ATR is 2.0 but the higher timeframe ATR's are 3.0. If I want ALL timeframes to match the Dashboard, should they ALL be 2.0.

If so, why do we need Low ATR and High ATR Templates. If all of our Dashboard signals are coming from an ATR multiplier of 2.0, then should not all of our charts be set at ATR 2.0 and using a single template.

If this has been discussed and I missed it, I apologize.

Your Indebted Friend,

William
may you find what you seek and trade what you find
  • #8,272
  • Apr 6, 2012 1:11am Apr 6, 2012 1:11am
Quoting faxxion
Hello Ever,

Thanks for the mention. Trust me, your posts have...

Your Friend,

William
Thanks for the kind words, William, but what I said is really true. Plus, you take a lot of the repetitive questions which are beginning to chaffe Al a bit, quite understandably, which really helps everybody.

Quoting faxxion
Hello Alfredo and Carl,

Just to be clear, if I want my charts to match the Dashboard, do ALL of my ATR's need to be 2.0.

When I say ALL, I mean all 3 running in a single chart. In some of the templates, the current ATR is 2.0 but the higher timeframe ATR's are 3.0. If I want ALL timeframes to match the Dashboard, should they ALL be 2.0.

If so, why do we need Low ATR and High ATR Templates. If all of our Dashboard signals are coming from an ATR multiplier of 2.0, then should not all of our charts be set at ATR 2.0 and using a single template....
As I said, you have a knack for asking the obvious question that everyone should be asking. I'm guessing that the answer is "Yes, if you want to be that accurate, but the difference in the signals will not make very much difference between H1 set at ATR 2.5 and H4 set at ATR 3.0. There is probably going to be some interpretation involved when you see a signal on a different ATR than 2.0. You may have to bring up the chart with the right ATR settings once you get a signal and see if it's valid on that chart." Of course, I'm just guessing, but Carl did say that the extra complexity necessary to set all the pairs to the correct ATR might not be worth it, didn't he?

Anyway, now that you've broached the subject, could you please send me the list of pairs and the correct template to use? I've been looking for it, and it's not explained in the docs in the .zip file on page 1. I've got it somewhere, but I've got so darned much stuff from this marvelous thread that I'm having a hard time locating it.

It has to do with the ATR range (redundundant?) that each pair moves, I know, but since you can put the Extreme TMA Line indicator for several TF's on the same chart, and each can be set to a different ATR, I'm also asking if I really need the complication.

Here is a screen shoot of my monitor screen and you'll notice that there is a H4 USDCHF sell signal on the dashboard, although it's set to ATR 3.0. When I pull up the chart to take a look, and switch templates, it's obviously a valid signal. This approach might not work so well for scalping, I suppose!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: H1 H4.jpg Size: 302 KB
Click to Enlarge Name: H4 [ATR 3.0] H1 [ATR 2.5] .jpg Size: 218 KB
The mind thinks, the heart knows...
  • #8,273
  • Apr 6, 2012 1:24am Apr 6, 2012 1:24am
Quoting Ever E. Man
Thanks for the kind words, William, but what I said is really true. Plus, you take a lot of the repetitive questions which are beginning to chaffe Al a bit, quite understandably, which really helps everybody.



As I said, you have a knack for asking the obvious question that everyone should be asking. I'm guessing that the answer is "Yes, if you want to be that accurate, but the difference in the signals will not make very much difference between H1 set at ATR 2.5 and H4 set at ATR 3.0. There is probably going to be some interpretation...
Hello Again Ever,

I will PM you. Then, I really am going to bed.

William
may you find what you seek and trade what you find
  • #8,274
  • Apr 6, 2012 1:41am Apr 6, 2012 1:41am
Quoting faxxion
Hello Again Ever,

I will PM you. Then, I really am going to bed.

William
Hello Ever,

Check your in-box and let me know what you think. It will be tomorrow before I respond because now I am definitely about to fall asleep.

Your Friend,

William
may you find what you seek and trade what you find
  • #8,275
  • Apr 6, 2012 2:03am Apr 6, 2012 2:03am
Quoting faxxion
Hello Ever,

Check your in-box and let me know what you think. It will be tomorrow before I respond because now I am definitely about to fall asleep.

Your Friend,

William
Thanks, so much, buddy! I've been falling asleep ever since I found this thread, but I thought it was just age!
The mind thinks, the heart knows...
  • #8,276
  • Apr 6, 2012 2:51am Apr 6, 2012 2:51am
Quoting faxxion
Hello Alfredo and Carl,

Just to be clear, if I want my charts to match the Dashboard, do ALL of my ATR's need to be 2.0.

When I say ALL, I mean all 3 running in a single chart. In some of the templates, the current ATR is 2.0 but the higher timeframe ATR's are 3.0. If I want ALL timeframes to match the Dashboard, should they ALL be 2.0.

If so, why do we need Low ATR and High ATR Templates. If all of our Dashboard signals are coming from an ATR multiplier of 2.0, then should not all of our charts be set at ATR 2.0 and using a single...
Yes. You can switch your ATR multiplier to match the dashboard. I optimized the multiplier for different pairs to better show the potential moves in each TMA based on past occurrences and to find the right amplitude of each so that lower time frame TMAs stay inside of the channel created in higher time frames. If you leave them all at 2.0 you will have a lot of crossover of lower TMA channels over higher TMA channels which, in my view, diminishes the important concept of MTF TMAs of lower TFs staying inside the channels of longer ones.

There is an easy way to see both ATR multipliers on the same chart. For example, if you want to see both the 2.0 and the 3.0 in H1 momentarily, just change the periodicity of the chart to H1 and the 2.0 channel will show as dashed lines inside the orange lines which are the 3.0 (2.5 on low ATR pairs). The same with H4 or D1. The dashed lines will be the 2.0 and the Magenta lines will be the 3.0 (or 2.5 for low ATR pairs). By doing this, you have the best of both worlds.

If you change everything to 2.0, you will miss most of this very important information. I recommend that you leave it as is for this reason.
Observation is the path to discovery.
  • #8,277
  • Apr 6, 2012 3:07am Apr 6, 2012 3:07am
Quoting Alorente
Look at the chart below. You get back in on a successful retest from underneath of the RSI trendline (Green) after the break as shown by the vertical white line. You can do this over and over and over again... For both long and short moves.
Yesterday I described my method of RSI trendlines, however, I failed to mention that on stronger moves, you should also check the H4 RSI trendline. For stronger moves like we have with EurUsd presently, the H4 trendline will give you a more accurate view than H1, which is more sensitive. Below is the H4 chart. As you can see, the RSI trendline is still unbroken and has a lot more room to move before it is in fact broken. I like to check both the H1 and H4 trendlines and in case of discrepancies, I follow the H4, which gives a more birds eye view of the complete price move.

So for medium size moves, follow H1 and for larger moves, follow H4.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 144 KB
Observation is the path to discovery.
  • #8,278
  • Apr 6, 2012 3:35am Apr 6, 2012 3:35am
In the current EurUsd move, I feel we still have a third leg down coming. See the chart below. As I have mentioned before, most moves are composed of 3 legs. See the move of a month ago and compare it to the current drop. We have now completed the 2nd leg. I expect a 3rd leg that will break the H&S neckline. Notice in both moves the similar location of Fast Trix and RSI. By comparing current moves to previous ones, you can get a pretty good feel for what may still be coming. History repeats itself to an uncanny degree in the market. Many times, even minute details like indi positions are repeated almost exactly.

Comparing both moves you may say: "The current move is already past the H4 band while the previous move was considerably inside the H4 band."

The answer is that the current move will repaint the H4 channel to look like the first move once all is said and done.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 152 KB
Observation is the path to discovery.
  • #8,279
  • Apr 6, 2012 4:07am Apr 6, 2012 4:07am
Took a buy hedge. Set TP to 130.98.

If I'm at the computer when it looks like the next top is in, I'll add another contract to my longer term short positions.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #8,280
  • Apr 6, 2012 4:09am Apr 6, 2012 4:09am
Quoting Alorente
As I have mentioned before, most moves are composed of 3 legs.
I also subscribe to the 1-2-3 as a normal move. However, I haven't really looked to see how you define the legs.
To free Gazans of Hamas, use whatever it takes.
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