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Extreme TMA System

  • #8,481
  • Apr 10, 2012 12:51pm Apr 10, 2012 12:51pm
Quoting Alorente
Your analysis of all pairs should begin with the Weekly chart followed by the Daily chart, the H4, the H1, all the way down to the M5. Before you enter any trade ALL chart time frames must agree that the trade you are about to enter is a plausible one.

During the course of a day, I constantly check different time frames on all the pairs I follow. In most cases, I analyze each chart over 10 times during the day. I am sure I "read" at least 1000 charts every single day to make sure the whole puzzle fits and comes together. I find this work to...
Does this mean that every time frame of a pair has to comply with the 4 rules of the system?

I don't think I've ever seen that happen.

If not, what are the most important characteristics that you look for in time frames higher than the one you plan on trading on?
  • #8,482
  • Apr 10, 2012 1:02pm Apr 10, 2012 1:02pm
Quoting Alorente
What do you think about this, Shah. I can provide the voice alert ("Slope Zero Cross") if you can code it.

Hi AL

We have done this before ? didn't we?


If not please let me know what is exactly required
  • #8,483
  • Apr 10, 2012 1:05pm Apr 10, 2012 1:05pm
Quoting saussiche
Does this mean that every time frame of a pair has to comply with the 4 rules of the system?

I don't think I've ever seen that happen.

If not, what are the most important characteristics that you look for in time frames higher than the one you plan on trading on?
No. The rules do not have to be valid in all systems. You misunderstood me. I visualize the move in all time frames to make sure it makes sense technically. I look at dozens of technical details, from Fib retracements to Breath amplitude, to Slope indi, RSI, trendlines, Trix location and dozens more and where those would be if the trade Iīm thinking of entering happens. It all has to make sense. If something doesnīt look right to me, I donīt enter the trade.
Observation is the path to discovery.
  • #8,484
  • Apr 10, 2012 1:11pm Apr 10, 2012 1:11pm
Quoting Alorente
No. The rules do not have to be valid in all systems. You misunderstood me. I visualize the move in all time frames to make sure it makes sense technically. I look at dozens of technical details, from Fib retracements to Breath amplitude, to Slope indi, RSI, trendlines, Trix location and dozens more and where those would be if the trade Iīm thinking of entering happens. It all has to make sense. If something doesnīt look right to me, I donīt enter the trade.
You have probably read before that the most profitable way of trading is usually the most simple way. To that I say that is a lot of BS. Trading Forex successfully and consistently is extremely complicated and it involves deep knowledge of technical analysis and macroeconomic fundamentals, as well as acquiring great timing. Anyone that tells you differently, either is lying or is losing money. You can trade with a few simple principles and succeed for a time, but in the long run you will give it back and then some.
Observation is the path to discovery.
  • #8,485
  • Apr 10, 2012 1:26pm Apr 10, 2012 1:26pm
Quoting shahrooz67
Hi AL

We have done this before ? didn't we?


If not please let me know what is exactly required
That test didnīt work, Shah. It always gave the same message and it did so in the wrong places. I am talking of making it more simple. Just one alert "Slope Zero Cross" for all instances when the cross happens, in either direction. I will email you the Male and Female alerts.
Observation is the path to discovery.
  • #8,486
  • Apr 10, 2012 2:03pm Apr 10, 2012 2:03pm
Quoting Alorente
That test didnīt work, Shah. It always gave the same message and it did so in the wrong places. I am talking of making it more simple. Just one alert "Slope Zero Cross" for all instances when the cross happens, in either direction. I will email you the Male and Female alerts.

AL

Using these kind of indicators always causes problems especially at the moment of loading the indi.

Any way I do my best
  • #8,487
  • Apr 10, 2012 3:38pm Apr 10, 2012 3:38pm
Quoting Alorente
That test didnīt work, Shah. It always gave the same message and it did so in the wrong places. I am talking of making it more simple. Just one alert "Slope Zero Cross" for all instances when the cross happens, in either direction. I will email you the Male and Female alerts.
Hi Al,

sent u a PM.. Appreciate if you can have a look and respond at your earliest.. Many thanks..

Cheers !

Darshana
  • #8,488
  • Apr 10, 2012 4:19pm Apr 10, 2012 4:19pm
Hi,

is this a good sell trade ? for the M15 GBPUSD? since the price just went back to the tma of the M15, so its according to the rules right? it will be better if it break, but if it dosent break is it ok? with TP the other tma M15 line?

I have placed the sell 15M ea, but it dosent open a trade in this situation, any reason for that? when will it open the trade?

"The Extreme TMA Small templates are designed to follow 4 pairs on one screen", what does this mean? follow 4 pairs in one screen? how can it be?

Thank you for any help
Attached Image (click to enlarge)
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  • #8,489
  • Apr 10, 2012 5:02pm Apr 10, 2012 5:02pm
dear Al:

what is the " repricing mode " ?? is it important issue at FOREX ?

" 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."


Brs,

SCOTT-ibm

~~~~~~~~
  • #8,490
  • Apr 10, 2012 6:00pm Apr 10, 2012 6:00pm
who is trading EUR/JPY?? its actually 105.499 but stocahstics 1H says its oversold

there is also a divergence in TMA slope in 1H!

do you think it is going to go up a little bit?
  • #8,491
  • Apr 10, 2012 6:12pm Apr 10, 2012 6:12pm
Quoting Alorente
...Also, it is normal for such a fast rise to retrace to the Fibonacci 61.8% level (Golden Retracement)...
Where can I get Fibonacci Retracement EA? Thanks...
To excel by continuous learning
  • #8,492
  • Apr 10, 2012 7:14pm Apr 10, 2012 7:14pm
Quoting melco
Hi All,
I am working my way through the pages and cant seem to find the Extreme_Spike indicator shown at the begginning from the zipped packets etc. Can anyone post it for me please
I see that in the later pages it was dropped. Any reason?
in this post

http://www.forexfactory.com/showthre...03#post5413603


suggest to learn how to use "paperclip"

it will open your eyes to every thread you visit !!!

It takes a lot for me to IGNORE you, but you can try.
  • #8,493
  • Apr 10, 2012 8:19pm Apr 10, 2012 8:19pm
Quoting Alorente
You have probably read before that the most profitable way of trading is usually the most simple way. To that I say that is a lot of BS. Trading Forex successfully and consistently is extremely complicated and it involves deep knowledge of technical analysis and macroeconomic fundamentals, as well as acquiring great timing. Anyone that tells you differently, either is lying or is losing money. You can trade with a few simple principles and succeed for a time, but in the long run you will give it back and then some.
Well said Alorente, can't agree more. A lot of advice that should keep as simple as possible. But for me, the simpler the more trap I have. We can have many things but we can organize not to clutter our charts and the most important is we know clearly each and every stuff we are playing.
  • #8,494
  • Apr 10, 2012 8:59pm Apr 10, 2012 8:59pm
Quoting PeepCzar
Where can I get Fibonacci Retracement EA? Thanks...
Hello Peep,

This is the most flexible Fib tool I have ever found. I downloaded it from the thread Simple Fibonacci Trading by Hugh Briss. It was coded by FerruFX. I have experimented using it as an entry ea. You would be surprised how often the outer bands coincide with the 61.8% Golden ratio.

I hope this helps.

Your Friend,

William
Attached File(s)
File Type: ex4 FibonacciTradeManager_v4.ex4   16 KB | 624 downloads
may you find what you seek and trade what you find
  • #8,495
  • Apr 10, 2012 10:55pm Apr 10, 2012 10:55pm
Quoting faxxion
Hello Peep,

This is the most flexible Fib tool I have ever found. I downloaded it from the thread Simple Fibonacci Trading by Hugh Briss. It was coded by FerruFX. I have experimented using it as an entry ea. You would be surprised how often the outer bands coincide with the 61.8% Golden ratio.

I hope this helps.

Your Friend,

William
Fantastic! Thanks a lot, William...
To excel by continuous learning
  • #8,496
  • Apr 10, 2012 11:15pm Apr 10, 2012 11:15pm
Hello @ All,

Great Thread, Great System.

I want to use it with renkobars, but when i load the TMA indicator my MT4 will freeze again and again.

Is anyone able to fix this issue for renkobars?

That would be really nice.
  • #8,497
  • Apr 10, 2012 11:16pm Apr 10, 2012 11:16pm
Quoting faxxion
Hello Peep,

This is the most flexible Fib tool I have ever found. I downloaded it from the thread Simple Fibonacci Trading by Hugh Briss. It was coded by FerruFX. I have experimented using it as an entry ea. You would be surprised how often the outer bands coincide with the 61.8% Golden ratio.

I hope this helps.

Your Friend,

William
Hi William,

Is this an inicator that goes in the indicator folder or an EA that goes in the Experts folder?

Thanks. Best Regards.
  • #8,498
  • Apr 11, 2012 1:26am Apr 11, 2012 1:26am
Quoting scott-ibm
dear Al:

what is the " repricing mode " ?? is it important issue at FOREX ?

" 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."


Brs,

SCOTT-ibm

~~~~~~~~
I call repricing mode when an important fundamental factor has changed and the currency slowly reprices itself to meet the new conditions. The change was the Fed Minutes of a week ago. That changed the landscape from a likelihood of QE3 to making it extremely unlikely. That set Usd in a much more solid footing.
Observation is the path to discovery.
  • #8,499
  • Apr 11, 2012 2:13am Apr 11, 2012 2:13am
Buenos dias Al,

I just subscribed the thread. Congrats for the trading system and, most of all, thank you for sharing it.
'the quieter you become, the more you are able to hear' - Ram Dass
  • #8,500
  • Apr 11, 2012 2:32am Apr 11, 2012 2:32am
Short 3121 TF 15' Eu/$
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