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Extreme TMA System

  • #9,001
  • Apr 16, 2012 7:12am Apr 16, 2012 7:12am
Dear Al,

Thanks for the prompt reply and clarification. I will now code the
indicators in C++ following your exact mt4 coding and try to replicate it in Qtstalker.

Once again thank you for your time. Regards.

kainreaver
  • #9,002
  • Apr 16, 2012 7:38am Apr 16, 2012 7:38am
Quoting Alorente
It has already tested the neckline. I donīt expect another test, but it is possible to have one.
Looks like the 2nd test of the neck line just happened.. Lets hope we don;t see a 3rd !
  • #9,003
  • Apr 16, 2012 7:45am Apr 16, 2012 7:45am
After careful analysis, I have corrected the H1 chart as shown below. We are now in MB2/c2. We have completed mb1 and mb2 and are now consolidating before mb3. In case you donīt understand the letters:

MB1: Major Breath 1
MB2: Major Breath 2
MB3: Major Breath 3
mb1: Minor Breath 1
mb2: Minor Breath 2
mb3: Minor Breath 3.
C1: Major Consolidation 1
C2: Major Consolidation 2
C3: Major Consolidation 3
c1: Minor Consolidation 1
c2: Minor Consolidation 2
c3: Minor Consolidation 3
T1: Major Test 1
T2: Major Test 2
T3: Major Test 3

From now on, I will use these, so please print this out.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.jpg Size: 167 KB
Observation is the path to discovery.
  • #9,004
  • Apr 16, 2012 7:46am Apr 16, 2012 7:46am
As I have pointed out the last several days... the very large PUT option open-interest at 2991 has held so far. That level should be defended pretty heavily by those that have written those options (big boys).

If 2991 gets taken out, I would think that price will fall precipitously as Al has mentioned recently.

Carl
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD4-17-12.jpg Size: 265 KB
  • #9,005
  • Apr 16, 2012 7:55am Apr 16, 2012 7:55am
RSI trendline broken on EU but still holding on GU
  • #9,006
  • Apr 16, 2012 7:56am Apr 16, 2012 7:56am
Quoting Alorente
After careful analysis, I have corrected the H1 chart as shown below. We are now in MB2/c2. We have completed mb1 and mb2 and are now consolidating before mb3. In case you donīt understand the letters:

MB1: Major Breath 1
MB2: Major Breath 2
MB3: Major Breath 3
mb1: Minor Breath 1
mb2: Minor Breath 2
mb3: Minor Breath 3.
C1: Major Consolidation 1
C2: Major Consolidation 2
C3: Major Consolidation 3
c1: Minor Consolidation 1
c2: Minor Consolidation 2
c3: Minor Consolidation 3
T1: Major Test 1
T2: Major Test 2
T3: Major Test 3

From...
Hi Al, Starting to get the hang of your breathing system.. Quick question - you mentioned that in order to confirm a mini/major test, it should show divergence in RSI and/or Trix. Is it possible for you to mark those also in the screen shot so that it will be helpful for the newbies to understand your line of thought.. Thanks a lot for all your 'tutoring'.. Cheers !

Darshana.
  • #9,007
  • Apr 16, 2012 8:04am Apr 16, 2012 8:04am
Hello Al

Over the years, have you kept track of the percentage of time that you get 2 breaths, 3 breaths, or 4 breaths? I know you mentioned that most of the time, you get 3 breaths. Thanks
  • #9,008
  • Apr 16, 2012 8:07am Apr 16, 2012 8:07am
Quoting Alorente
After careful analysis, I have corrected the H1 chart as shown below. We are now in MB2/c2. We have completed mb1 and mb2 and are now consolidating before mb3. In case you donīt understand the letters:


From now on, I will use these, so please print this out.
Given this, what are you expectations on mb3, some 100pips or a larger fall? Do you expect consolidation(C2) before we start MB3?

P.S. I am sorry to her about your mother, sure Karma has nothing to do with it considering all the help you are offering to us fellow trders.
  • #9,009
  • Apr 16, 2012 8:30am Apr 16, 2012 8:30am
Quoting Alorente
After careful analysis, I have corrected the H1 chart as shown below. We are now in MB2/c2. We have completed mb1 and mb2 and are now consolidating before mb3. In case you donīt understand the letters:

MB1: Major Breath 1
MB2: Major Breath 2
MB3: Major Breath 3
mb1: Minor Breath 1
mb2: Minor Breath 2
mb3: Minor Breath 3.
C1: Major Consolidation 1
C2: Major Consolidation 2
C3: Major Consolidation 3
c1: Minor Consolidation 1
c2: Minor Consolidation 2
c3: Minor Consolidation 3
T1: Major Test 1
T2: Major Test 2
T3: Major Test 3

From now on, I will...
Hi Al,.

many thank you
I've learned much from your thread here
not only the system but also the knowledge, prediction, trend, market view, and many others that i can't mention one by one.

you're the best teacher I've ever known.

The people in Indonesia will follow your thread if they know there's a very good teacher here.

regard
  • #9,010
  • Apr 16, 2012 8:31am Apr 16, 2012 8:31am
Quoting darshanag
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
I'm new to all this, but studied Al's RSI trendline "lecture' end of last week... I try to set various trendlines on the peaks of the RSI. Also when the RSI change direction I enter my trendlines in the new direction... and when RSI stalls and turn back at the crossing it gives me some indication that price turning back. Hope I'm right here... others may plse help me out. I guess I was right earlier on and there was a drop with all 3 pairs... but unfortunately its right back up... so if you are still holding the trade... I hope there will be another drop soon.
Attached Image (click to enlarge)
Click to Enlarge Name: rsi trends.gif Size: 27 KB
  • #9,011
  • Apr 16, 2012 8:52am Apr 16, 2012 8:52am
Quoting interbucks
I'm new to all this, but studied Al's RSI trendline "lecture' end of last week... I try to set various trendlines on the peaks of the RSI. Also when the RSI change direction I enter my trendlines in the new direction... and when RSI stalls and turn back at the crossing it gives me some indication that price turning back. Hope I'm right here... others may plse help me out. I guess I was right earlier on and there was a drop with all 3 pairs... but unfortunately its right back up... so if you are still holding the trade... I hope there will be another...
Thanks for the quick response ! I'm more or less doing the same but the current rise in price has well and truly broken the trend line.. Waiting to redraw once a retrace happens.. And yes I'm still holding on to the shorts from late last week expecting the 3rd breath after the current consolidation period.. lets see how it goes..!

Btw, how did u manage to get the RSI & the Trix in the same window. I tried dragging & dropping the RSI in the same window as per a suggestion made in one of the earlier posts, but it didn't work for me.
  • #9,012
  • Apr 16, 2012 8:58am Apr 16, 2012 8:58am
Quoting bluesky100
Hello Al

Over the years, have you kept track of the percentage of time that you get 2 breaths, 3 breaths, or 4 breaths? I know you mentioned that most of the time, you get 3 breaths. Thanks
No I havenīt.
Observation is the path to discovery.
  • #9,013
  • Apr 16, 2012 9:00am Apr 16, 2012 9:00am
Quoting grechmar
Given this, what are you expectations on mb3, some 100pips or a larger fall? Do you expect consolidation(C2) before we start MB3?

P.S. I am sorry to her about your mother, sure Karma has nothing to do with it considering all the help you are offering to us fellow trders.
We are in c2 now and probably for another couple of hours.
Observation is the path to discovery.
  • #9,014
  • Apr 16, 2012 9:03am Apr 16, 2012 9:03am
Quoting darshanag
Thanks for the quick response ! I'm more or less doing the same but the current rise in price has well and truly broken the trend line.. Waiting to redraw once a retrace happens.. And yes I'm still holding on to the shorts from late last week expecting the 3rd breath after the current consolidation period.. lets see how it goes..!

Btw, how did u manage to get the RSI & the Trix in the same window. I tried dragging & dropping the RSI in the same window as per a suggestion made in one of the earlier posts, but it didn't work for me.
H1 RSI EurUsd trendline has not been broken. See below.

Now that price has come close to the trendline, mb3 can begin at any time.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.jpg Size: 146 KB
Observation is the path to discovery.
  • #9,015
  • Apr 16, 2012 9:06am Apr 16, 2012 9:06am
Quoting darshanag
Thanks for the quick response ! I'm more or less doing the same but the current rise in price has well and truly broken the trend line.. Waiting to redraw once a retrace happens.. And yes I'm still holding on to the shorts from late last week expecting the 3rd breath after the current consolidation period.. lets see how it goes..!

Btw, how did u manage to get the RSI & the Trix in the same window. I tried dragging & dropping the RSI in the same window as per a suggestion made in one of the earlier posts, but it didn't work for me.
I'm a bit 'out of breath' with the 'breath methods'. Not here yet, trying hard but just can't see them the way I should.

Yes, I just drag the RSI from the left side menu bar and dropped it on the Trix window... now that saves me a bit of space on my small and very busy screen.

I'm also in with 3 shorts still ...
  • #9,016
  • Apr 16, 2012 9:07am Apr 16, 2012 9:07am
Quoting Alorente
We are in c2 now and probably for another couple of hours.
I was referring to C2(major) since earlier you said "Consolidation patterns usually happen between the First and Second MB or between the Second and Third MB"
Now, if i understand there has already been consolidation between MB1 and MB2, does this decrease the chance of C2 occurring?
Sorry if i misunderstood something here.
  • #9,017
  • Apr 16, 2012 9:11am Apr 16, 2012 9:11am
Quoting musashikilla
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

Mike,

I'll send you a PM (Private Message) shortly!

-Frank
  • #9,018
  • Apr 16, 2012 9:13am Apr 16, 2012 9:13am
Quoting grechmar
I was referring to C2(major) since earlier you said "Consolidation patterns usually happen between the First and Second MB or between the Second and Third MB"
Now, if i understand there has already been consolidation between MB1 and MB2, does this decrease the chance of C2 occurring?
Sorry if i misunderstood something here.
We havenīt finished MB2 yet. mb3 has not happened yet and then you need T2 before C2 can begin.

The sequence is this:

MB1(mb1, mb2, mb3), T1, C1, MB2(mb1, mb2, mb3), T2, C2, MB3(mb1, mb2, mb3), T3, C3(will happen in Continuation pattern, may not happen in Reversal).
Observation is the path to discovery.
  • #9,019
  • Apr 16, 2012 9:16am Apr 16, 2012 9:16am
Thank you Carl for sharing

Quoting crodzilla
As I have pointed out the last several days... the very large PUT option open-interest at 2991 has held so far. That level should be defended pretty heavily by those that have written those options (big boys).

If 2991 gets taken out, I would think that price will fall precipitously as Al has mentioned recently.

Carl
Tracking the Specialists.
  • #9,020
  • Apr 16, 2012 9:19am Apr 16, 2012 9:19am
Quoting Alorente
We havenīt finished MB2 yet. mb3 has not happened yet and then you need T2 before C2 can begin.

The sequence is this:

MB1(mb1, mb2, mb3), T1, C1, MB2(mb1, mb2, mb3), T2, C2, MB3(mb1, mb2, mb3), T3, C3(will happen in Continuation pattern, may not happen in Reversal).
I was just asking your views as to wht will happen t the end of mb3, but i think its too early to tell, jsut a stupid question by my part .

@Darshanag
I think me and you plotted the same RSI trendline(show in red) while in reality we should have drwn a stronger one, the one AL drew(shown in blue, still holding).

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd1hr.jpg Size: 200 KB
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