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Extreme TMA System

  • #8,961
  • Apr 16, 2012 12:10am Apr 16, 2012 12:10am
Quoting interbucks
I THINK MANY ARE SHORTING EU NOW, ITS STARTING TO DROP....
thanks!, i am gonna try that short too... :nerd:
  • #8,962
  • Apr 16, 2012 1:52am Apr 16, 2012 1:52am
Al, Wow! My name in the hall of fame. I'm really honored. Thanks so much.

Sorry to hear about your mom, but also feel glad for you that you can spend
more time with her. My mom passed away when I was young.
Don't let this thread occupy too much of your time We can all understand.
Frank
Wishing my last name were LESS
  • #8,963
  • Apr 16, 2012 2:01am Apr 16, 2012 2:01am
The risk premium picks Spanish 9.1 basis points to 433.4 bps. Spanish bond yields to 10 years and stood at 6.061% to up 8.4 basis points.
  • #8,964
  • Apr 16, 2012 2:21am Apr 16, 2012 2:21am
Quoting railman
Thank you Al. I have been working with the RSI and trendlines this weekend, and I will have a few more questions for you. But I wanted to post this chart because the dashboard 1HR indicator just gave a buy signal. The 4HR TMA is down, the 1HR TMA is flat, and the 200SMA is down.

Attachment

Is the fact that the coral is just starting to turn down at the same time the RSI is being tested a good indication the trade will fail? If so, is that enough on its own for you to not take it, or do the other factors like the 4HR TMA and 200MA...
Matthew, normally it would be a good signal but being that we are in a full blown Risk Off period and the Swiss have stated they will link to E 1.20, I would rather watch from the sidelines. There are too many factors that can screw you on this one.
Observation is the path to discovery.
  • #8,965
  • Edited 7:21am Apr 16, 2012 2:24am | Edited 7:21am
Quoting scott-ibm
Dear Al :

Pic attached of EURUSD, Since the 1-2-3 Breath system will never ending at Forex, does we can draw this 1-2-3 as my attached pic, so , we are going to view the next 3 wave before/after Europe session ??

Wish your mama have good health ~~ she may experience World war II according her ago is so senior than us.


SCOTT-ibm

~~~~~~~~~~
We just completed mini breath 2 of Major Breath 2. Next is consolidation to the neckline. When it reaches the neckline will be the time to sell again.

She grew up during the Spanish Civil War. She knows very well what hunger is.
Observation is the path to discovery.
  • #8,966
  • Apr 16, 2012 2:35am Apr 16, 2012 2:35am
Quoting Alorente
We just completed mini breath 2 of Major Breath 1. Next is consolidation to the neckline. When it reaches the neckline will be the time to sell again.

She grew up during the Spanish Civil War. She knows very well what hunger is.
I just noticed the RSI divergence on the Test. This is where I believe we stand now. Consolidation to the neckline should begin Major Breath 2. That will coincide with Fibonacci retracement of 23.6%. It also will bring RSI close to the down trendline.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.jpg Size: 146 KB
Observation is the path to discovery.
  • #8,967
  • Apr 16, 2012 2:35am Apr 16, 2012 2:35am
Quoting Alorente
We just completed mini breath 2 of Major Breath 1. Next is consolidation to the neckline. When it reaches the neckline will be the time to sell again.

She grew up during the Spanish Civil War. She knows very well what hunger is.
Hi Al,
God bless you and your family.
What level exactly the neckline?
  • #8,968
  • Apr 16, 2012 2:38am Apr 16, 2012 2:38am
Quoting ludivik
Hi Al,
God bless you and your family.
What level exactly the neckline?
The neckline is the light blue straight line which right now is at 1.3045.
Observation is the path to discovery.
  • #8,969
  • Apr 16, 2012 2:39am Apr 16, 2012 2:39am
Quoting flaw
Al, Wow! My name in the hall of fame. I'm really honored. Thanks so much.

Sorry to hear about your mom, but also feel glad for you that you can spend
more time with her. My mom passed away when I was young.
Don't let this thread occupy too much of your time We can all understand.
Frank
You deserve it, my friend. Thanks for your hard work.
Observation is the path to discovery.
  • #8,970
  • Apr 16, 2012 2:47am Apr 16, 2012 2:47am
Quoting Alorente
The neckline is the light blue straight line which right now is at 1.3045.
Hi Al, Given that EU is expected to move up to the neck line before going down again, is it advisable to close any shorts open now and re-enter at neck line ? What's your opinion on that ?
  • #8,971
  • Apr 16, 2012 2:53am Apr 16, 2012 2:53am
Quoting darshanag
Hi Al, Given that EU is expected to move up to the neck line before going down again, is it advisable to close any shorts open now and re-enter at neck line ? What's your opinion on that ?
I´m not closing mine. During a near panic period like we have now due to Spanish Bonds being at 6.10%, the risk is to the downside. We should get the test to the neckline but we may not. There are no guarantees.
Observation is the path to discovery.
  • #8,972
  • Apr 16, 2012 3:00am Apr 16, 2012 3:00am
Please be very careful. I counsel not to go long Euro or short Usd. If I´m wrong, it will simply be a lost opportunity. If I´m right, getting caught on the wrong side of this trade can blow your account.
Observation is the path to discovery.
  • #8,973
  • Apr 16, 2012 3:10am Apr 16, 2012 3:10am
Al and what do you think about long Usd/Jpy ? And once again thank you very much for everything you doing ! Thank's to you I'm earning many pips every day ! The word's can't describe how grateful I'm Godd bless you Al !
  • #8,974
  • Apr 16, 2012 3:19am Apr 16, 2012 3:19am
Quoting Alorente
I´m not closing mine. During a near panic period like we have now due to Spanish Bonds being at 6.10%, the risk is to the downside. We should get the test to the neckline but we may not. There are no guarantees.
Noted & thank you for the quick feedback as usual !
  • #8,975
  • Apr 16, 2012 3:20am Apr 16, 2012 3:20am
Quoting penet
Al and what do you think about long Usd/Jpy ? And once again thank you very much for everything you doing ! Thank's to you I'm earning many pips every day ! The word's can't describe how grateful I'm Godd bless you Al !
USDJPY is not a horrible trade but I am staying away for now. Both are Risk Off currencies, but the Japanese are famous for buying their own currency during times of panic. The USD will go higher, but the JPY may go even higher.
Observation is the path to discovery.
  • #8,976
  • Edited 3:39am Apr 16, 2012 3:27am | Edited 3:39am
Dear Al and other members,

I am new to this thread, in fact this is my first posting, but I have been reading this thread for the past 1.5 months on and off.

Thanks to your kindly contribution and effort I have learned a lot.

Before I begin, if I come across as impolite, ask stupid questions or ask questions that already has been answered, please forgive me and point me in the right direction.

I am also new to metatrader and more used to Linux system. I am using an open source code charting program called Qtstalker with TA-Lib for plotting graphs.

I am using their TMA which differs from yours as such, I have to code your ExtremeTMALine and other indicators in C++ in order to use them with qtstalker.

After much searching I located TMA.mq4 from fxstreet and plotted on the graph to see if they matched your TMAline and there was a difference.

After reading both codes, Normal TMA assigns maximum weight to the middle data and the least to the latest data. Yours on the other hand attaches most weight to the recent data. Meaning your code calculates half the triangle with the latest price. There are 2 parts to your code in double CalcTma function. First part calculates full triangle while the other does 0.5. The full value of the current tma is not completely available until 56 bars into the future.

This calculation differs from the standard TMA and I was wondering If I am correct in my calculation. It took me 1 week to come to this conclusion after much testing.

Am I correct in my assessment AL?

May I please ask as to how you came about this formula? If this is the result from years of trading experience, then I will certainly code it in C++ for faster execution and better memory management.

Sorry If I sound impolite in questioning your methods or trading experience. It's just that I have to break down the mt4 code to C++ and for that I need to fully understand what I am coding from. This is the first of my many obstacles to come.

Hope to hear from you soon and thank you in advance.

Kainreaver
  • #8,977
  • Apr 16, 2012 3:29am Apr 16, 2012 3:29am
Quoting Alorente
USDJPY is not a horrible trade but I am staying away for now. Both are Risk Off currencies, but the Japanese are famous for buying their own currency during times of panic. The USD will go higher, but the JPY may go even higher.
Thank you for answer ! I will wait and see where it goes And now I will focus on other pairs.
  • #8,978
  • Apr 16, 2012 3:36am Apr 16, 2012 3:36am
Here is what I think will happen. After a probable test of the neckline of the head & shoulders, a sustained drop to test the lows of 1.2640. The H4 channel will repaint to a much steeper angle and the H1 channel will head to the bottom half of the H4 channel.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.jpg Size: 163 KB
Observation is the path to discovery.
  • #8,979
  • Apr 16, 2012 3:59am Apr 16, 2012 3:59am
Here is the EurUsd Weekly chart. As you can see, the Breathing System is predicting a 3,000 pip drop from today´s price during the next 22 weeks for the 200 MA to remain at the same angle as it is now. When I apply the 3000 pips to today´s bar, it results in the euro reaching parity with Usd by autumn.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdw1.jpg Size: 153 KB
Observation is the path to discovery.
  • #8,980
  • Apr 16, 2012 4:00am Apr 16, 2012 4:00am
Quoting Alorente
Here is what I think will happen. After a probable test of the neckline of the head & shoulders, a sustained drop to test the lows of 1.2640. The H4 channel will repaint to a much steeper angle and the H1 channel will head to the bottom half of the H4 channel.
Wouldn't want to sound too greedy ! But just wondering whether it will be a good idea to move the TP to 1.26xx levels (instead of TP 0f 1.29 currently) and let it ride through out this week and the next to see where we end up with ?
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