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Extreme TMA System

  • #8,501
  • Apr 11, 2012 2:34am Apr 11, 2012 2:34am
Quite surprised to see EU and GU current levels particularly as BBC Radio has been reinforcing Al's view of yesterday regarding financial problems for Spain and Italy which will make Greece look like a pee in the ocean.
  • #8,502
  • Apr 11, 2012 2:36am Apr 11, 2012 2:36am
Me to short from 1.3123 ....EURUSD Thank you very much Alorente for this thread!
  • #8,503
  • Apr 11, 2012 2:48am Apr 11, 2012 2:48am
Quoting handy148
Quite surprised to see EU and GU current levels particularly as BBC Radio has been reinforcing Al's view of yesterday regarding financial problems for Spain and Italy which will make Greece look like a pee in the ocean.
Todayīs move is perfectly normal. We are building a horizontal consolidation base that should be a continuation of the fall upon breakout to the downside. The Coral has to get closer to the 200 MA in both the Daily and the H1 charts before the fall. It should happen between now and the end of next week. It is impossible to determine exactly when because we donīt know when the trigger will release. I believe the trigger is a jump above a 6% Spanish 10 year bond yield.
Observation is the path to discovery.
  • #8,504
  • Apr 11, 2012 2:49am Apr 11, 2012 2:49am
Quoting Xauen
Short 3121 TF 15' Eu/$
Good short. Looks like a lot of pips for you.
Observation is the path to discovery.
  • #8,505
  • Apr 11, 2012 2:55am Apr 11, 2012 2:55am
Quoting Xauen
Short 3121 TF 15' Eu/$
Close 3102 + 19 pips
  • #8,506
  • Apr 11, 2012 3:00am Apr 11, 2012 3:00am
I want to make clear that I feel very sorry for what is happening to Spain at the moment. I donīt want to give the impression that I am trying to profit from the misery of my country. I have considerable real estate investments in Spain and I hold my short position to in some way alleviate the large drop in value I am undergoing in my real estate properties. I feel sick at what is happening here due to the profligate and unnecessary spending that has ocurred for years. Unfortunately I donīt see any light at the end of the tunnel. Things will have to get a lot worse before they get any better.
Observation is the path to discovery.
  • #8,507
  • Apr 11, 2012 3:00am Apr 11, 2012 3:00am
Quoting Xauen
Close 3102 + 19 pips
why u close so early
A good trader follows his rules, but great trader knows when to break them
  • #8,508
  • Apr 11, 2012 3:20am Apr 11, 2012 3:20am
Below is the Daily UsdIndex chart. Marked in Blue is a pattern that I call a Shuttle Launch Pad because it looks like it. Others call it a flag. I believe the next stop for UsdIndex will be at 82.
Attached Image (click to enlarge)
Click to Enlarge Name: UsdIndex.jpg Size: 163 KB
Observation is the path to discovery.
  • #8,509
  • Apr 11, 2012 3:22am Apr 11, 2012 3:22am
Quoting ill_be_back
why u close so early
first because the price ..... I get to the 50% fibo retracement
second ... because even I have to improve my psychology in terms of profit-taking

sorry for my English but I am with the google translator
  • #8,510
  • Apr 11, 2012 3:32am Apr 11, 2012 3:32am
Quoting frollollc
Here is a pdf file explaining in detail how to upload and display a chart.

http://www.forexfactory.com/attachme...hmentid=511186
Silly me thinking to insert a picture I should click on "insert image"

Thanks for this link, I knew something was weird and there had to be a better way.
  • #8,511
  • Apr 11, 2012 3:33am Apr 11, 2012 3:33am
Quoting Xauen
first because the price ..... I get to the 50% fibo retracement
second ... because even I have to improve my psychology in terms of profit-taking

sorry for my English but I am with the google translator
Maybe u did the right thing, price has retraced a lot
A good trader follows his rules, but great trader knows when to break them
  • #8,512
  • Apr 11, 2012 3:38am Apr 11, 2012 3:38am
Hi all,

I'm a newbie and in the process of trying out this method. Just wondering how best I could use the Trix4kids indicator, 200MA line & Coral line to support the entry / exit of a trade ? Appreciate your thoughts / suggestions.. Cheers !

Darshana
  • #8,513
  • Apr 11, 2012 4:40am Apr 11, 2012 4:40am
Quoting Riddermark
Hi William,

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

Thanks. Best Regards.
Hello Riddermatk,

It is an EA for your Experts folder.

William
may you find what you seek and trade what you find
  • #8,514
  • Apr 11, 2012 5:07am Apr 11, 2012 5:07am
Possible entry into short little time for H1 eu / $??
  • #8,515
  • Apr 11, 2012 5:28am Apr 11, 2012 5:28am
in GBPUSD it's the second time the price is going to bounce on the orange line h1, when should we decide to enter short?

1. on the second candle that opens red?
2. wait for the coral to cross down?
3. wait for the tma slope change to -0.50, but if we wait for this it will be late
4. it's above the sma 200 should we only go long?

thank you
  • #8,516
  • Apr 11, 2012 5:36am Apr 11, 2012 5:36am
My tP at 1.3090 wasn't executed. NordFX
  • #8,517
  • Apr 11, 2012 5:38am Apr 11, 2012 5:38am
Quoting migmac
in GBPUSD it's the second time the price is going to bounce on the orange line h1, when should we decide to enter short?

1. on the second candle that opens red?
2. wait for the coral to cross down?
3. wait for the tma slope change to -0.50, but if we wait for this it will be late
4. it's above the sma 200 should we only go long?

thank you
Looks like GBPUSD is in for sideways action for now. I would go short if there was a rapid rise to 1.6 area, but not until then.
  • #8,518
  • Apr 11, 2012 5:40am Apr 11, 2012 5:40am
On the EurUsd H1 chart below, we see normal consolidation within the horizontal base continuing. Price has now reached the top of the base again and importantly has created a second divergence with RSI, that is following another down trendline of its own. The H1 TMA channel continues to move sideways towards the opposite wall of the rapidly falling H4 TMA channel that is still inside the Price channel that began last August. The Coral continues to close the gap with the 200 MA, nearing completion of the 1st breath of the move down. We are getting closer and closer to the breakdown and start of the second breath move, which should occur in the next few days.

I continue to expect the trigger to be the break above 6% of Spanish bonds.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.jpg Size: 147 KB
Observation is the path to discovery.
  • #8,519
  • Apr 11, 2012 5:43am Apr 11, 2012 5:43am
Quoting migmac
in GBPUSD it's the second time the price is going to bounce on the orange line h1, when should we decide to enter short?

1. on the second candle that opens red?
2. wait for the coral to cross down?
3. wait for the tma slope change to -0.50, but if we wait for this it will be late
4. it's above the sma 200 should we only go long?

thank you
TMA Slope is ranging. The conditions are good for a short trade.
Observation is the path to discovery.
  • #8,520
  • Apr 11, 2012 6:24am Apr 11, 2012 6:24am
short GBP/USD at 1.5909...let's see what happens
'the quieter you become, the more you are able to hear' - Ram Dass
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