Extreme TMA System

Sorry, I don't want to disturb anyone, but after a few days away from this thread I just saw that Al now uses RSI in his template. I can't find where is explained the way he uses it with the system (and it's not on the first page)...

Any help is welcome, thank you...

Post 8730 is where Al first introduces the RSI indicator. He goes on to mention that he still refers to the Slope indicator.

Thank you very much, traveliron :-)

When you get reversal, it happens from left to right. So if you are watching H1 charts and you see M1 and M5 moving to Ranging. You can tell reversal is coming. Start of trends also happens from left to right. So if you are thinking of jumping in on H1, keep an eye on M1. It will be the first to alert you that the move is starting.

We talked a lot about it the past 2 weeks.

long usd/cad

I´m long also.

Hello Al

Could you post your charts please.

Thanks
Aj1

Quick one. I'm ok with 25 pips. Exit by 5min fasttrix change color after touched the m15 upper band

hey guys good morning, i want to post my 2 trades for this morning. bouth longs on eu m5.

Al, thank you so very much for your education, experience and patience. I am another one of the 65+ young ones who has been lurking in the background on FF for 4 years. Trading sporatically with little consistent success. Your thread which I have followed now since a couple of days from the start has really inspired me. I gained 10% in a demo account in 2 weeks by following the rules. Moving now to live trading.

I continue to be your humble student and am hungry for more!

http://www.reuters.com/article/2012/...8FO6C920120424

Alfredo, uses RSI as is, not changing adjustment, and instruction RSI, look in google

Al, here is another (later) version of TOR. It also includes CCI levels. Hope you find it useful.





Merry Trading!

I have it but I use version 1.12 because I don´t use CCI and it takes up too much screen space.

Your welcome. Nice to have you with us.

Why Isn’t the Euro Weakening Against the Dollar? (Redux)

Among the many déjà vu aspects to the markets in 2012 is that — as in 2011 — traders, analysts and investors have been scratching their heads over the relative buoyancy of the euro relative to the U.S. dollar.

As we noted here, Monday was a prime example. European bond spreads reached recent wides, European stocks got clocked but yet the euro was pretty much locked near $1.31, essentially where it’s been since mid January.

In fact, Matt Alexy over at TD Securities notes that the euro has traded at $1.3130 on 13 of the last 15 trading sessions. (Today is a rare exception, but it too in some way proves the point, with the euro rallying back over $1.32.)
Adds Steve Englander at Citi: “Next to Judge Crater’s disappearance, the euro’s robustness is one of the great mysteries of modern times.”
So what gives? Well, there are lots of theories. In today’s Journal, we noted that the euro’s buoyancy may reflect a lack of capital flight among non-European investors.
Some, such as Robert Sinche, currency strategist at RBS Capital Markets, point to reserve diversification by central banks and sovereign wealth funds. In particular, Sinche says oil producers, awash in dollars thanks to high oil prices, seem to have been heavy buyers of euros as they diversify their portfolios.
Jens Nordvig, who is longer-term bearish on the euro, argues:

In our view, the lack of direction in EUR/USD since mid-March is broadly consistent with the opposing forces from worsening European news (negative for EUR/USD) and the ongoing re-pricing of US forward rates (positive for EUR/USD).
Since March 21st, our proprietary measure of the euro risk premium has widened by 2.3% to 16.1%. Meanwhile, the 10Y real rate differential has moved about 27bp in favor of the Euro, as US real rates have dropped in line with fading optimism about the US economic outlook. Figure 2 shows a simple model projection based on these two factors: the real rate differential and the EUR risk premium. The negative impact of rising risk premia has been off-set by the positive impulse from a rising real rate differential (driven by declining US real rates).

Citi’s Englander focuses on flows:

There is considerable speculation that the EUR is being supported by euro zone financial firms cutting balance sheets and repatriating assets back to the euro zone. We find some evidence to support this view, although it does not seem to be the full story.
Euro zone residents were net sellers of foreign assets through most of H2 2011, after having been buyers most of H1. So the view that EUR weakness may have been mitigated in late 2011 by repatriation has been some support from these data.
However, that is not the full story. There has been a rough correlation between the EUR and foreign buying of euro zone debt, and the magnitudes are larger. The EUR’s Q4 weakness has a counterpart in foreign selling of EUR debt assets. We see a similar run-up in foreign buying in the H1 2011 that corresponds to the EUR strength over that period. So it looks as if the conventional correlation exists on the liability side. Moreover, broadly speaking, it looks as if the EUR correspondence with foreign buying and selling is stronger than the correspondence with EUR resident buying and selling. On balance these portfolio flows provided some net support for the EUR in September and October, but were very negative late in the year.
We do not yet know what has happened in March and April. Overall we find that in the recent past the repatriation theory has some support but that foreign portfolio flows are probably the dominant EUR driver.


http://blogs.wsj.com/marketbeat/2012...x/?mod=WSJBlog

As we all know, there are not many M15 trades.

The guy from my Russian thread (his nickname is Gromov) thinks that he has a solution.

He put on M15 two TMAs, one with ATRMultiplier 1.2, another with ATRMultiplier 2.2.

He enters the trade using 1.2 ATRMultiplier and exits with 2.2 ATRMultiplier.

He says it gives him 50% more trades and all the trades are really good ones. He tested it for only a week, obviously it needs more tests. I didn't have time to check, he posted this tip today.

His chart's picture is here:
http://ruforum.mt5.com/threads/17528...=1#post2525749

Is anyone knows an EA that closes a trade when the PA reaches a band of the TMA (Up, mid or down) ?

I think that could help a lot... (If you can't stay all day long in front of your computer...)

Mike, Interesting idea to use multiple ATRMultiplier for one more filter. What's the black curve in the center? Some kind of MA? Frank