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Extreme TMA System

  • #8,981
  • Apr 16, 2012 4:04am Apr 16, 2012 4:04am
Quoting darshanag
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 ?
That will be determined as we get closer to 1.2900. It has nothing to do with being greedy. Donīt feel bad for making a lot of pips. What you should concentrate on is what is the correct thing to do at each moment. Exiting may be a bad idea because it may get difficult to jump back in. We will have to decide that closer to 1.2900.

I have been through the 1987 crash as well as several very steep bears and my mistake used to be getting out too early. I wonīt make that mistake this time.
Observation is the path to discovery.
  • #8,982
  • Apr 16, 2012 4:15am Apr 16, 2012 4:15am
Quoting Alorente
That will be determined as we get closer to 1.2900. It has nothing to do with being greedy. Donīt feel bad for making a lot of pips. What you should concentrate on is what is the correct thing to do at each moment. Exiting may be a bad idea because it may get difficult to jump back in. We will have to decide that closer to 1.2900.

I have been through the 1987 crash as well as several very steep bears and my mistake used to be getting out too early. I wonīt make that mistake this time.
Thanks for the guidance Al.. Its very much appreciated...

Darshana.
  • #8,983
  • Apr 16, 2012 4:39am Apr 16, 2012 4:39am
Quoting Alorente
Another point I want to make regarding the Breathing system and there are many. It relates to the Coral. While Major Breaths are ocurring, you will notice that Price stays above the Coral for the most part, bouncing off it when it hits it. Consolidations on the other hand have either the Coral move through Price (Base) or above Price (Fibonacci retracements). By looking at Price in relation to the Coral, you know if you are still in a Major Breath or have started a Consolidation between Major Breaths.
Al, what timeframe referrs to the above explanations about Major Breaths? Only H1? Or H1 and H4?
  • #8,984
  • Apr 16, 2012 4:44am Apr 16, 2012 4:44am
Quoting Olarion1975
Al, what timeframe referrs to the above explanations about Major Breaths? Only H1? Or H1 and H4?
Only H1. H4 would have to be analyzed separately.
Observation is the path to discovery.
  • #8,985
  • Apr 16, 2012 4:47am Apr 16, 2012 4:47am
Quoting kainreaver
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...
Yes. You are correct in your assesment. The past 56 bars from the current one are liable to be repainted.
Observation is the path to discovery.
  • #8,986
  • Edited 5:01am Apr 16, 2012 4:48am | Edited 5:01am
Hi guys,

after succesful installation of the system (thanks to fmuir I now come accross the following questions: installing EAs and changing parameters e.g. I have no idea how to open e.g. 3 times 0,1 lot or properly manage the cave manager.

Could you please guys share your knowledge in the above or inform me whether I can find answers in previous posts?

Thank you in advance

Mike
  • #8,987
  • Apr 16, 2012 5:03am Apr 16, 2012 5:03am
Not much mentioned lately about the usd index but its ready to break out. Higher High on the day chart should be next after a lower high. If red down trend line is broken there could be a big run up sending euro/usd down as Al has clearly shown in his charts.

Al, amazing stuff....important contributions to forex knowledge base for all of us wise enough to appreciate it. Thank you.

Steve
Attached Image (click to enlarge)
Click to Enlarge Name: usd day chart.png Size: 55 KB
  • #8,988
  • Apr 16, 2012 5:10am Apr 16, 2012 5:10am
Hi Al and others,

I'm new to forex, have been trading live for a few months now without much success. Looking foreword to trying this entry system and to the guidance provided by you all.

Thanks for your time and contributions in advance.
Cd
  • #8,989
  • Apr 16, 2012 5:22am Apr 16, 2012 5:22am
Quoting stevewide
Not much mentioned lately about the usd index but its ready to break out. Higher High on the day chart should be next after a lower high. If red down trend line is broken there could be a big run up sending euro/usd down as Al has clearly shown in his charts.

Al, amazing stuff....important contributions to forex knowledge base for all of us wise enough to appreciate it. Thank you.

Steve
Steve, I expect a breakout today to 81.20 and then 82.
Observation is the path to discovery.
  • #8,990
  • Apr 16, 2012 5:31am Apr 16, 2012 5:31am
short
gu 1.58528
eu 1.30380
au 1.03624
A good trader follows his rules, but great trader knows when to break them
  • #8,991
  • Apr 16, 2012 5:33am Apr 16, 2012 5:33am
Quoting Alorente
Iīm 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.
U were right Its headed towards the neck line (1.3040 range).. Now we wait for the fall !!!
  • #8,992
  • Apr 16, 2012 5:40am Apr 16, 2012 5:40am
I am pyramiding so I shorted AudUsd at 1.0362. I went with Au for diversification, since I am already short a bunch of lots of EU and GU.
Observation is the path to discovery.
  • #8,993
  • Apr 16, 2012 5:41am Apr 16, 2012 5:41am
Quoting darshanag
U were right Its headed towards the neck line (1.3040 range).. Now we wait for the fall !!!
It has already tested the neckline. I donīt expect another test, but it is possible to have one.
Observation is the path to discovery.
  • #8,994
  • Apr 16, 2012 6:21am Apr 16, 2012 6:21am
Hello,

im new to this Thread but i find the extreme TMA System worth checking it. I have some experiance wiith an other chanel but the TMA and find it quite easy to grap pips as long as the chart is ranging. But i always lost all the previous wins as soon as the chart starts trending against my curent position. So im looking forward specialy to check the rools for entry and exit since they should mainly prevent those anoing losses.

I have some questions concerning some elements of the Chart what im not familiar with. Im shure somewere in this thread they were explained already but i could not find them. So i would be thankful if anyone could post helpful links.

The "THV4 TzPivotsD" Indikator gives out the following lines. How can they be used for trading?
Open
Yl
FPV
YH

What is the "THV4 Coral Line" good for? And what does the "Trix4Kids" Indikator say and how should it be used for generating trades?

Thanks for answering my questions.

mandolin
  • #8,995
  • Apr 16, 2012 6:25am Apr 16, 2012 6:25am
Quoting mandolin
Hello,

im new to this Thread but i find the extreme TMA System worth checking it. I have some experiance wiith an other chanel but the TMA and find it quite easy to grap pips as long as the chart is ranging. But i always lost all the previous wins as soon as the chart starts trending against my curent position. So im looking forward specialy to check the rools for entry and exit since they should mainly prevent those anoing losses.

I have some questions concerning some elements of the Chart what im not familiar with. Im shure somewere in this...
All of your questions have been thoroughly discussed in many posts in the thread. Also in Post 1 you can see that we have a trending rule for trending markets.

If you want to master this system, you need to start reading the whole thread. You canīt just do it by asking a few questions that are already part of the record.
Observation is the path to discovery.
  • #8,996
  • Edited 6:44am Apr 16, 2012 6:34am | Edited 6:44am
Quoting darshanag
U were right Its headed towards the neck line (1.3040 range).. Now we wait for the fall !!!
Nothing much happening yet with the 3 pairs........ waiting...
My RSI trendlines tell me its due any minute now...if I'm right...
  • #8,997
  • Apr 16, 2012 6:43am Apr 16, 2012 6:43am
Quoting interbucks
Nothing much happening yet with the 3 pairs........ waiting...
We are in C1 after MB1. It will take time for the consolidation to complete. Maybe even till tomorrow. I expect MB2 to begin today, though.
Observation is the path to discovery.
  • #8,998
  • Apr 16, 2012 6:53am Apr 16, 2012 6:53am
Hola AL que opinas del eurjpy,estaria bien la linea de tendencia del rsi .muchas gracias
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 1h.png Size: 58 KB
  • #8,999
  • Apr 16, 2012 6:55am Apr 16, 2012 6:55am
Quoting Xabier
Hola AL que opinas del eurjpy,estaria bien la linea de tendencia del rsi .muchas gracias
Ya dije esta maņana que no recomiendo ese par ya que las dos monedas son Risk off.
Observation is the path to discovery.
  • #9,000
  • Apr 16, 2012 6:57am Apr 16, 2012 6:57am
Quoting interbucks
Nothing much happening yet with the 3 pairs........ waiting...
My RSI trendlines tell me its due any minute now...if I'm right...
Interbucks - Out of curiosity, is it possible for you to post a screen-shot of your RSI ? For my learning purpose, I'd like to know how u arrived at your conclusion..Thanks in advance ! :-)

Darshana
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