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Extreme TMA System

  • #10,161
  • Apr 29, 2012 9:56am Apr 29, 2012 9:56am
Quoting migmac
Hi Jose,

I have just loaded your template, do you think you can attach the missing FXCX indicators?

thank you
Hello Migmac

Attached is the ind that shows those horizontal lines, they are pivot lines.

skype: jose.rumbaut
Regards
Jose
Attached File(s)
File Type: ex4 FXCX_AutoPivotIndicator.ex4   32 KB | 623 downloads
  • #10,162
  • Apr 29, 2012 10:38am Apr 29, 2012 10:38am
Here is my take. Weekly made a lengthy down move as seen by the red line in the lower panel of the W1 chart. It is now on a rally, shown by the red line turning to green and going up. The rally can be divided into a set of 1-2-3 moves as indicated in the price panel. If this green line goes over the 0 mark (yellow horizontal), the rally went too far. And we have to adjust.

The D1 is included to get a better view of where we are currently. The 1-2-3 in the price panel is the same as marked in the W1 chart. Looking at the white vertical furthest to the right, price is definitely moving upwards (area marked with 3). Looking at the indicator panel, we see both the fast and slow lines have turned from the bottom and are green. This fast line that has already crossed above 0 is initially labeled as a leg1 up. We are looking for the slow line to follow across 0 for a confirmation. Then price needs to make a pullback, followed by a continuation up to complete the up leg of the W1.

DrDave
Attached Image (click to enlarge)
Click to Enlarge Name: d1.png Size: 133 KB
Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #10,163
  • Apr 29, 2012 11:34am Apr 29, 2012 11:34am
Hello Al

Sorry if you post already about it, but are a lot of post there to check again back, could you tell what is the multiplier ATR for 1m, is ok 2 or could be bigger ?

Thanks

Jose
skype: jose.rumbaut
  • #10,164
  • Apr 29, 2012 11:46am Apr 29, 2012 11:46am
Quoting rumbaut
Hello Al

Sorry if you post already about it, but are a lot of post there to check again back, could you tell what is the multiplier ATR for 1m, is ok 2 or could be bigger ?

Thanks

Jose
skype: jose.rumbaut
You can set it as you prefer. I have mine set at 2 for all time frames.
Observation is the path to discovery.
  • #10,165
  • Apr 29, 2012 12:10pm Apr 29, 2012 12:10pm
Al - I suppose crodzilla would know whether your excel entry/exit system can be programmed with MT4. Given some of the brilliant stuff he has already done it seems a possibility.
  • #10,166
  • Apr 29, 2012 2:05pm Apr 29, 2012 2:05pm
Quoting le celte
Lol For us english !

Ok Jose but do you know if this indy repaint or not please ?
(FXCX Forex Trend)

Thank's a lot
jf
Yes, also would love to know if it repaints.... if not.... one can almost trade off the TRADE INDICATOR alone!! But that will almost be too good to be true......
  • #10,167
  • Apr 29, 2012 2:15pm Apr 29, 2012 2:15pm
Best way to see if an indicator repaints is to put it on an M1 chart and watch it.
  • #10,168
  • Apr 29, 2012 2:26pm Apr 29, 2012 2:26pm
Quoting boulavard
Hi there all, I hav asked earlier but nobody responded. I cnt open the templates on mt4. Do I need some specific software to open it or is it mt4?

Appreciate!
Gerhard
Het jy toe reggekom Gerhard?
  • #10,169
  • Apr 29, 2012 3:18pm Apr 29, 2012 3:18pm
Quoting interbucks
But that will almost be too good to be true......
Yes I think too !
But my Criminal B-roker is closed today. So I only see tomorrow on a M1 chart ...

belle soirée
jf
  • #10,170
  • Edited 4:12pm Apr 29, 2012 3:58pm | Edited 4:12pm
Hello all

I have been using this ind for a while together with another for exit confirmation as for entry criteria. Yes, put there in 1m and you are going to see the results, so far good for me. I have not found any ind 100% reliable.

Note: I uploaded my tpl and asked for any suggestion to improve it. My idea is wait for strategy like Al with TMA 15m but trade this possible entry only with 1m following 50 exp ma and middle line TMA 1m together with that fxcx forex trend. I appreciate any contribution for that.

We all are here to help ourself be better trader

Note: sorry if i can not express my idea in english Cuban person living in Miami

Regards

Jose
  • #10,171
  • Apr 29, 2012 5:00pm Apr 29, 2012 5:00pm
Quoting Riddermark
Thanks for the reply Al.

This aspect of Forex takes me back to how I got introduced to Forex. The guy was a Forex Fund Manager/Realestate investor etc., he taught me not so much a system but a solid foundation of the judicial use of margin and position sizing.

I can't go into his personal trading with full details unfortunately but his primary tenets were;

1. Never take a losing trade
.
.
.

...
Hi Riddermark,

Thank you for sharing, but please elaborate more on "Never take a losing trade"...

Cheers...
To excel by continuous learning
  • #10,172
  • Apr 29, 2012 10:26pm Apr 29, 2012 10:26pm
wow jose,

i am truly impressed with that indicator!! please tell me more about that indicator and this person Richard. i surely hope its okay with him that you can share this with everyone.
  • #10,173
  • Apr 29, 2012 10:58pm Apr 29, 2012 10:58pm
Quoting rumbaut
...Note: sorry if i can not express my idea in english Cuban person living in Miami

Regards

Jose
To Jose and all non-English speakers - No need to apologize for your English, it's fine. I don't think any one cares a long as they can understand you.

Google translate seems to work pretty well for me!
The mind thinks, the heart knows...
  • #10,174
  • Apr 30, 2012 2:02am Apr 30, 2012 2:02am
Here is an opportunity to get some free trading education. It is based on commodity futures, but much of the information applies to trading nearly anything. It is geared to “…those with little to no trading experience…” This course is easily worth several hundred dollars.
http://click.bsftransmit1.com/ClickT...xyPN1g&sysid=1

DISCLAIMER: I am not affiliated with PFG, nor do I receive any type of compensation from them, financial or other.
DrDave
To free Gazans of Hamas, use whatever it takes.
  • #10,175
  • Apr 30, 2012 2:39am Apr 30, 2012 2:39am
Cable short.
Attached Image (click to enlarge)
Click to Enlarge Name: cable1.PNG Size: 86 KB
  • #10,176
  • Apr 30, 2012 2:40am Apr 30, 2012 2:40am
Quoting le celte
Ok Jose but do you know if this indy repaint or not please ?
(FXCX Forex Trend)
Yes regrettably it repaints

jf
  • #10,177
  • Apr 30, 2012 3:02am Apr 30, 2012 3:02am
Hello Aj1,

But the H4 Gbp/Usd is only saying buy with declining TMA slope. Further more there is an option barrier at 1.6300, which should be a better price to sell provided H4 drops into ranging.

Just a thought, I am still learning.

Regards,

Kainreaver
  • #10,178
  • Apr 30, 2012 3:09am Apr 30, 2012 3:09am
Quoting Aj1
Cable short.
Shouldn't you wait till one HA candle change to red? It's just my opinion...
To excel by continuous learning
  • #10,179
  • Apr 30, 2012 3:25am Apr 30, 2012 3:25am
Sorry I posted the 1hr chart, I took the trade off the 15 min.
Strong divergence from the slope indi, and the trix, with the 00 level above too. The 15min is beginning to turn, which should turn the 1hr, eventually.

Aj1
  • #10,180
  • Apr 30, 2012 5:17am Apr 30, 2012 5:17am
EURUSD
The EURUSD moved higher last week and has exhibited bullish momentum for the last two weeks. We can see the daily 8 / 21 EMAs have recently crossed higher reflecting this bullishness. Price closed above the key resistance / support level at 1.3200 this week (zoom your charts out to see). Next week, traders could watch the dynamic 8 / 21 EMA support layer for potential buy setups if price moves lower, while being aware that this market is really still range-bound and not in a defined trend yet. Key resistance comes in at 1.3380.
Attached Image (click to enlarge)
Click to Enlarge Name: 1335643723-clip-23kb.png Size: 23 KB
Master Your Setup, Master Your self. (NQoos)
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