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Extreme TMA System

  • #10,181
  • Apr 30, 2012 5:40am Apr 30, 2012 5:40am
Cable trade closed out +33, on the price hitting bottom of the 15m band.

Aj1
  • #10,182
  • Apr 30, 2012 6:15am Apr 30, 2012 6:15am
Quoting Grins
...We learn our comfort zones, they are not innate. Comfort comes from practice and success and that's why I wanted to be clear on the real levels of risk in the Recovery..., and more importantly, how often it goes how deep...

So, E.E.Man, you ask how I would manage it...It will all depend on the day, wind direction, and other stuff.

Lee
Sort of my point. Find what works for you and check to see if it works in real trading.
The mind thinks, the heart knows...
  • #10,183
  • Apr 30, 2012 6:18am Apr 30, 2012 6:18am
nice trade Aj

Quoting Aj1
Cable trade closed out +33, on the price hitting bottom of the 15m band.

Aj1
Tracking the Specialists.
  • #10,184
  • Apr 30, 2012 6:55am Apr 30, 2012 6:55am
Quoting Connected
nice trade Aj

Thank you.

Aj1
  • #10,185
  • Apr 30, 2012 7:02am Apr 30, 2012 7:02am
Quoting Aj1
Cable trade closed out +33, on the price hitting bottom of the 15m band.

Aj1
You got a beauty, nice trade.

Regards

Kainreaver
  • #10,186
  • Apr 30, 2012 7:24am Apr 30, 2012 7:24am
Quoting Aj1
Cable trade closed out +33, on the price hitting bottom of the 15m band.

Aj1
Hello Aji

When you took this trade, TMA slope 15m was -0.5? or you took the trade because the price was above the band only?

Thanks
Jose
  • #10,187
  • Apr 30, 2012 7:26am Apr 30, 2012 7:26am
Quoting bassramy
EURUSD
...this market is really still range-bound and not in a defined trend yet.
Bassramy,

Could you please clarify this? How are you defining "this market"? By the daily, weekly, monthly, or maybe something totally different? I see the H4 is in a definite uptrend. Also, I posted previously that the EURUSD is in a leg2 rally on the weekly. That makes it in an uptrend. Oh, but wait a minute, if it is a leg2 rally, then it must be in a downtrend on the monthly. See my point here?

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #10,188
  • Apr 30, 2012 7:39am Apr 30, 2012 7:39am
Quoting rumbaut
Hello Aji

When you took this trade, TMA slope 15m was -0.5? or you took the trade because the price was above the band onyl?

Thanks
Jose
Hello Jose. The TMA Slope indi was ranging, I cannot remember the range now. However the price was outside the top band on the 1hr and the 4hr.
I took the trade because the price was making higher highs, yet the TMA Slope and the Trix indi's were not confirming. Also you had the 163.00 level above.
As I said at the time the 15 min was turning, and the price should turn the 1hr next, which is what is happening now.

Regards Aj1
  • #10,189
  • Apr 30, 2012 7:44am Apr 30, 2012 7:44am
Quoting kainreaver
You got a beauty, nice trade.

Regards

Kainreaver
Thanks, I could of got more, but my intention was only to take it to the lower 15min band. Always nice to get the some pips in the bank.

Aj1
  • #10,190
  • Apr 30, 2012 8:10am Apr 30, 2012 8:10am
Quoting DrDave
Bassramy,

Could you please clarify this? How are you defining "this market"? By the daily, weekly, monthly, or maybe something totally different? I see the H4 is in a definite uptrend. Also, I posted previously that the EURUSD is in a leg2 rally on the weekly. That makes it in an uptrend. Oh, but wait a minute, if it is a leg2 rally, then it must be in a downtrend on the monthly. See my point here?

DrDave
I'm just analyzing the PA on the daily Timeframe and as we can see the price is stuck between the 1.29930 support and 1.3308 resistance range, until we see a clear break of these 2 levels i will be considering The EU in range bound market .
P.S. Kindly note that I don't know @ which leg 1 or 2 are u talking about or which system or set up you use.
Thank u for ur comments.
Master Your Setup, Master Your self. (NQoos)
  • #10,191
  • Apr 30, 2012 8:42am Apr 30, 2012 8:42am
Quoting bassramy
I'm just analyzing the PA on the daily Timeframe... P.S. Kindly note that I don't know @ which leg 1 or 2 are u talking about or which system or set up you use.
OK, you're talking the daily chart shows a range bound market.

Well, put 10 traders in a room and ask for the market direction and you'll get 11 answers.

I was referring to my post here
http://www.forexfactory.com/showthre...75#post5619575
showing the weekly and daily.

Because I see the weekly in a retracement rally, I consider that an uptrend. Then I look for the daily legs that comprise this weekly rally to find the up moves to buy into. The weekly is such a big chart that the legs on the daily can be traded in both directions.

Are you also saying that you are waiting for the daily price actioin to break out of the sideways channel before making any trades? Afterall, isn't the E-TMA system ideal for ranging markets? Or you are just making a statement about the daily price action being range bound without any implication of your trading plans?

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #10,192
  • Apr 30, 2012 8:56am Apr 30, 2012 8:56am
Quoting DrDave
OK, you're talking the daily chart shows a range bound market.

Well, put 10 traders in a room and ask for the market direction and you'll get 11 answers.

I was referring to my post here
http://www.forexfactory.com/showthre...75#post5619575
showing the weekly and daily.

Because I see the weekly in a retracement rally, I consider that an uptrend. Then I look for the daily legs that comprise this weekly rally to find the up moves to buy into. The weekly is such a big chart that the legs on the daily can be traded in both...
DrDave,

I'm not refering to the extreme TMA system I'm just making a clean PA analysis, anyway i read your post and i totally agree of the analysis put i will be a little cautious about using the TMA System on D1 and W1.

Tankx
Master Your Setup, Master Your self. (NQoos)
  • #10,193
  • Apr 30, 2012 9:11am Apr 30, 2012 9:11am
Quoting bassramy
DrDave,

I'm not refering to the extreme TMA system I'm just making a clean PA analysis, anyway i read your post and i totally agree of the analysis put i will be a little cautious about using the TMA System on D1 and W1.

Tankx
Thanks for the clarification. Now we're on the same page.
To free Gazans of Hamas, use whatever it takes.
  • #10,194
  • Apr 30, 2012 9:39am Apr 30, 2012 9:39am
The best set up I see at the moment is euraud, but with bad data the S&P may slip, euraud often goes up in a risk off market, think I'll stay out of this one.

Lee
"The more I practice the luckier I get." Gary Player
  • #10,195
  • Apr 30, 2012 9:48am Apr 30, 2012 9:48am
Quoting bassramy
I'm just analyzing the PA on the daily Timeframe and as we can see the price is stuck between the 1.29930 support and 1.3308 resistance range, until we see a clear break of these 2 levels i will be considering The EU in range bound market .
P.S. Kindly note that I don't know @ which leg 1 or 2 are u talking about or which system or set up you use.
Thank u for ur comments.
Well, I think we´ve reached the critical point. Testing the upper wall of the down channel (Light Blue) and the down trendline of the descending triangle (Red). A break here would turn the Euro bullish, however, I expect it to fail and head down for another test of the neckline (Yellow) of the head & shoulders, this week.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 69 KB
Observation is the path to discovery.
  • #10,196
  • Apr 30, 2012 9:55am Apr 30, 2012 9:55am
I agree 100 %, Today or Tomorow is the moment of truth technicaly speaking, as always let's wait and see.
Master Your Setup, Master Your self. (NQoos)
  • #10,197
  • Apr 30, 2012 9:59am Apr 30, 2012 9:59am
NY close today or tomorrow is critical.
Attached Image (click to enlarge)
Click to Enlarge Name: eu chart.jpg Size: 106 KB
Master Your Setup, Master Your self. (NQoos)
  • #10,198
  • Apr 30, 2012 10:04am Apr 30, 2012 10:04am
Amir Forex's bullish bat pattern has entered the buy zone:

http://www.forexfactory.com/showthre...41#post5610541
  • #10,199
  • Apr 30, 2012 10:09am Apr 30, 2012 10:09am
Quoting Poocher
Amir Forex's bullish bat pattern has entered the buy zone:

http://www.forexfactory.com/showthre...41#post5610541
I see him calling EU and GU both Bearish...
Observation is the path to discovery.
  • #10,200
  • Apr 30, 2012 10:17am Apr 30, 2012 10:17am
We are getting close to a Buy on UsdJpy. As you can see, Price is way below the H1, H4 channel and the Daily channel (Light Blue). The yellow line is the 61.8% Fib retracement of the Feb/March rise. I expect it to hold and move higher from it. I am chomping at the bit, holding myself back from buying it. I really want this sucker.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.jpg Size: 104 KB
Observation is the path to discovery.
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