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Extreme TMA System

  • #8,421
  • Apr 10, 2012 4:31am Apr 10, 2012 4:31am
Quoting Olarion1975
I agree, on a slow day you better switch to a lower time frame like M5 to make your pips.
On high volatile days you are better off with M15 and H1.

Cheers,
Olarion
That is a very good tactic. The more volatility, the higher the time frame you should use.
Observation is the path to discovery.
  • #8,422
  • Apr 10, 2012 4:32am Apr 10, 2012 4:32am
Quoting odellcash
that's what I did. I uploaded it using the manage attachments and they appear with a link. Not sure how to not use a url. When I click the "insert image" button, the only option it gives me is a url.
Put the image on your desktop, when you click insert image there should be two "Choose File" tabs above the URL box from where you select the image on your PC and then upload.
  • #8,423
  • Apr 10, 2012 4:35am Apr 10, 2012 4:35am
Quoting cho_7288
First i wanna thank Alorente and all other traders. Is there a version of "TmaSlope.v1.5 Normalized.mq4" with alarm mode? or Would some coders add an alarm mode to this indicator? alarm sound when switching zero point, would be nice.
What do you think about this, Shah. I can provide the voice alert ("Slope Zero Cross") if you can code it.
Observation is the path to discovery.
  • #8,424
  • Apr 10, 2012 4:37am Apr 10, 2012 4:37am
EUR/GBP, GBP/USD and USD/CAD looking interesting.
  • #8,425
  • Apr 10, 2012 4:41am Apr 10, 2012 4:41am
Quoting odellcash
I have to start posting entry pics, as I'm really struggling. I'm only taking trades that are confirmed signals on the panel.

Here is the latest trade that has gone south on me.

EURJPY on the 15Min TMA got a buy signal and as you can see the HA turned blue.

http://www.forexfactory.com/attachme...1&d=1334041384


An hour later It has continued its downward path, giving that one blue HA (just enough for panel to show a "buy")

http://www.forexfactory.com/attachme...1&d=1334041384

It...
I have said it before and I will say it again. Try not to go long the Euro. It is in repricing mode right now. It will not stop until at least a test of 1.2600. Please, try not to short USD either.
Observation is the path to discovery.
  • #8,426
  • Apr 10, 2012 4:42am Apr 10, 2012 4:42am
Quoting odellcash
that's what I did. I uploaded it using the manage attachments and they appear with a link. Not sure how to not use a url. When I click the "insert image" button, the only option it gives me is a url.

Here is a pdf file explaining in detail how to upload and display a chart.

http://www.forexfactory.com/attachme...hmentid=511186
  • #8,427
  • Edited 4:52am Apr 10, 2012 4:45am | Edited 4:52am
Quoting odellcash
that's what I did. I uploaded it using the manage attachments and they appear with a link. Not sure how to not use a url. When I click the "insert image" button, the only option it gives me is a url.
I do a screen capture with the snipping tool that comes with Windows Vista, save it with a name you choose as a .jpg file, though other formats will do, in a Trading folder I've created in my Pictures folder.

Click on Manage Attachments => Upload File From Your Computer => Browse, and navigate to the file you choose, select it, and click Upload.

Once it's uploaded, you'll see the attachment with the name you choose, and it will be added to you post.

Select Preview Post to see the attachment in you post. When the screen capture is of your charts, it should create a thumbnail instead of just an image.
Attached Image
The mind thinks, the heart knows...
  • #8,428
  • Apr 10, 2012 4:48am Apr 10, 2012 4:48am
Spanish bonds are soaring, soon to go above 6% again. I expect the Euro to break down very soon and finally break the Head and Shoulders neckline. GU will follow EU.
Observation is the path to discovery.
  • #8,429
  • Apr 10, 2012 4:50am Apr 10, 2012 4:50am
Al, where do you expect third leg to end? somewhere around eu; 1.29 and u;1.57?
  • #8,430
  • Apr 10, 2012 4:55am Apr 10, 2012 4:55am
Quoting grechmar
Al, where do you expect third leg to end? somewhere around eu; 1.29 and u;1.57?
The third leg on M15 is in the process of ending (Three legs on M15 equal 1 leg on H1), but I expect it will be followed by another 3 legs down (on M15 which will be the 2nd leg on H1) to 1.26 once the Coral on the H1 chart below comes a little closer to the 200 MA.

A break of the neckline (Light blue line) can happen at any moment from now till the end of the week. It is impossible to pinpoint the exact moment, but it is close.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.jpg Size: 148 KB
Observation is the path to discovery.
  • #8,431
  • Apr 10, 2012 5:07am Apr 10, 2012 5:07am
Here is the same move on the H1 chart for GbpUsd. Breath 1 is now ending. I expect a breakdown and the start of Breath 2 very soon.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.jpg Size: 148 KB
Observation is the path to discovery.
  • #8,432
  • Apr 10, 2012 5:13am Apr 10, 2012 5:13am
Here is the D1 chart on EurUsd. I expect the neckline to be broken and price to fall. That will repaint the D1 TMA channel (Magenta lines) so that it parallels the Orange channel and stays inside of it. Price should continue to drop to the opposite wall of the orange channel, reaching 1.1700 in the next 2 or three months. That will become the 3rd breath on the D1 chart.

Anything can happen in Forex, but this is what I think is most probable.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdd1.jpg Size: 161 KB
Observation is the path to discovery.
  • #8,433
  • Apr 10, 2012 5:27am Apr 10, 2012 5:27am
The two best Forex Crystal Balls, see what I see. I believe EurUsd is going even lower than they are predicting.

http://www.bloomberg.com/news/2012-0...-on-spain.html
Observation is the path to discovery.
  • #8,434
  • Apr 10, 2012 5:35am Apr 10, 2012 5:35am
Keep an eye on Spanish Bonds (Link below). A move above 6% will spook everyone and will start the big fall of EU and GU.

http://www.bloomberg.com/quote/GSPG10YR:IND
Observation is the path to discovery.
  • #8,435
  • Apr 10, 2012 5:36am Apr 10, 2012 5:36am
Quoting Alorente
The two best Forex Crystal Balls, see what I see. I believe EurUsd is going even lower than they are predicting.

http://www.bloomberg.com/news/2012-0...-on-spain.html
What I like is Al has a front row seat to the probable next big Euro event. He can help us through it. Once it starts you wont need to put a SL on any Euro sells. Keep the SL on the buys though, you would not want to be in a recovery on a euro buy at all. But until the news breaks trade away.
  • #8,436
  • Apr 10, 2012 5:49am Apr 10, 2012 5:49am
Hello Alfredo,

I know that you have told us that when we trade the M5 TF we almost always get a second test of the bands. I am noticing that also on M15. Do you trade the first signal or the 2nd test?

William
may you find what you seek and trade what you find
  • #8,437
  • Apr 10, 2012 5:54am Apr 10, 2012 5:54am
Quoting Alorente
Here is the same move on the H1 chart for GbpUsd. Breath 1 is now ending. I expect a breakdown and the start of Breath 2 very soon.
Alorente,

will it be possible for you to upload this template?
  • #8,438
  • Apr 10, 2012 5:55am Apr 10, 2012 5:55am
Quoting Alorente
Keep an eye on Spanish Bonds (Link below). A move above 6% will spook everyone and will start the big fall of EU and GU.

http://www.bloomberg.com/quote/GSPG10YR:IND
If Spanish Bonds go into the 6% to 7% territory, that will be the end of that. Spain will have no choice but to ask for financing help from the EFSF. The loans we are talking about here will dwarf any that have occurred with Greece, Portugal and Ireland put together. Bear in mind also that the ECB has already spent well over 1 trillion in loans to shore up the banks in the past 2 months. The well is dry. Only printing more money will continue the illusion of health for European banks. Germany is radically opposed to any more money printing. In fact they are already pressuring the ECB to start winding down what they have already done. We are on the edge of the cliff. Unfortunately the EU is practically out of options.

If this comes to pass, expect a collapse of global equity markets in parallel to a flight to safety to USD and JPY.
Observation is the path to discovery.
  • #8,439
  • Apr 10, 2012 6:14am Apr 10, 2012 6:14am
Quoting migmac
Alorente,

will it be possible for you to upload this template?
Here it is. This template is not part of the Extreme TMA system. Please, do not confuse them.
Attached File(s)
File Type: tpl lorente large chart.tpl   32 KB | 470 downloads
Observation is the path to discovery.
  • #8,440
  • Apr 10, 2012 6:16am Apr 10, 2012 6:16am
Quoting Alorente
If Spanish Bonds go into the 6% to 7% territory, that will be the end of that. Spain will have no choice but to ask for financing help from the EFSF. The loans we are talking about here will dwarf any that have occurred with Greece, Portugal and Ireland put together. Bear in mind also that the ECB has already spent well over 1 trillion in loans to shore up the banks in the past 2 months. The well is dry. Only printing more money will continue the illusion of health for European banks. Germany is radically opposed to any more money printing. In fact...
CHF and JPY want nothing to do with a flight to its currency
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