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Extreme TMA System

  • #10,261
  • May 1, 2012 5:54pm May 1, 2012 5:54pm
Berivana I think PeepCzar is wondering how you get the Eurx data to make charts on mt4.

Does your platform have the Eurx Index?

Or do you have an indicator that makes the index on any Mt4 platform?


Quoting PeepCzar
My broker OANDA doesn't have it, so Poocher posted an indicator in 682/10220, but I can't get the display right. Would you be able to help?

Thanks!...
  • #10,262
  • May 1, 2012 7:32pm May 1, 2012 7:32pm
@PeepCzar and Poocher

the broker (Forex Ltd.) I use has EURx it is not an indicator that I use.
Just make a demo account on Forex Ltd.!!
  • #10,263
  • May 1, 2012 7:46pm May 1, 2012 7:46pm
Thanks Berivana!

I did download the Forex Ltd. demo mt4 after researching and seeing that they were supposed to have it but they don't...maybe because I'm in the U.S. they don't include it.


Quoting Berivana
@PeepCzar and Poocher

the broker (Forex Ltd.) I use has EURx it is not an indicator that I use.
Just make a demo account on Forex Ltd.!!
  • #10,264
  • May 1, 2012 7:52pm May 1, 2012 7:52pm
It did show up now on the Forex Ltd. demo mt4.

I just remembered years ago getting extra instruments by right clicking the mouse on the Symbols tab in the Market Watch area and additional stuff shows up including Eurx!

Here's the link for a demo:

http://www.forexltd.co.uk/study/opendemoacc/

Then click on the link in the line starting with the number one under "opening procedures". Then to get Eurx do as I explained above.

Now lets see if it helps us!
  • #10,265
  • May 1, 2012 9:51pm May 1, 2012 9:51pm
Quoting LuisPrinc
Thanks buddy!

Yes this ranging market is really tiring me. Evem if it seems that it will fall like a rock then retraces up again and is testing new highs or makinh new ones.
Everytime I shorted last week euro made new highs and then went down.
I dont know how to trade this. Last time I went short and price went 65 pips againt me, then the other day it dropped down below my entry for about 40 pips and then went up again. It seems everytime divergence occurs like this it dropps down. A lot of times even if it goes 30 pips against my entry, then it...
I will have a section on 10.2 called range trading with sell bias or buy bias. I think that will help. You will have an idea of which way in a range market you will get the better trade.
  • #10,266
  • May 2, 2012 12:57am May 2, 2012 12:57am
hello friends estimated AL. want you to see the NZDJPY in 1h as I see and I would like to know what you think the big LA and you thank you very much for all that I am learning more and hope to bring a little more as you go studying Xabi greetings
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  • #10,267
  • May 2, 2012 2:29am May 2, 2012 2:29am
2 Long legged Doji, on down daily trendline resistance.

Long-legged doji have long upper and lower shadows that are almost equal in length. These doji reflect a great amount of indecision in the market. Long-legged doji indicate that prices traded well above and below the session's opening level, but closed virtually even with the open. After a whole lot of yelling and screaming, the end result showed little change from the initial open.

Run for the hills run for your life.
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Attached Image
Master Your Setup, Master Your self. (NQoos)
  • #10,268
  • May 2, 2012 2:38am May 2, 2012 2:38am
http://www.dailyfx.com/forex/fundame..._Picks_Up.html
Observation is the path to discovery.
  • #10,269
  • May 2, 2012 2:42am May 2, 2012 2:42am
Quoting Xabier
hello friends estimated AL. want you to see the NZDJPY in 1h as I see and I would like to know what you think the big LA and you thank you very much for all that I am learning more and hope to bring a little more as you go studying Xabi greetings
Looks very good for Nzd Long.
Observation is the path to discovery.
  • #10,270
  • Edited 3:01am May 2, 2012 2:48am | Edited 3:01am
Buckle up boys, sellers are taking control.
Master Your Setup, Master Your self. (NQoos)
  • #10,271
  • May 2, 2012 3:08am May 2, 2012 3:08am
Quoting bassramy
Buckle up boys, sellers are taking control.
It seems the market is finally beginning to realize the mess Europe is in. German April PMI 46.2, falling precipitously from March. There is austerity for you...
Observation is the path to discovery.
  • #10,272
  • Edited 4:05am May 2, 2012 3:14am | Edited 4:05am
Quoting Alorente
It seems the market is finally beginning to realize the mess Europe is in. German April PMI 46.2, falling precipitously from March. There is austerity for you...
Interesting.
http://www.cnbc.com/id/47257853

One more Bearish Piece of News
http://www.forexfactory.com/news.php?do=news&id=359427

USD
http://www.bloomberg.com/news/2012-0...nt-report.html
http://www.bloomberg.com/news/2012-0...-in-april.html
http://online.wsj.com/article/SB1000...ets_liveupdate

Have a good morning and profitable trade day.
Master Your Setup, Master Your self. (NQoos)
  • #10,273
  • May 2, 2012 5:07am May 2, 2012 5:07am
Quoting nanningbob
I think using weekly pivots will help solve this problem. Markets are really tough to trade right now because of the big boys in Europe are in big support of the Euro. Hard to borrow money when the value is crashing causes higher interest rates and that is the last thing Europe needs right now. Makes fundamental calls fools. I understand the need for a stable Euro and that is why it is being done. Makes trading tough though.

Euro is doing well his job, now at what level do you think it will make some retracement ?
Yes weekly pivots helps alot. At those pivots I think is the best risk reward ratio to trade. What do you think ?


Kinds regards,
Luis
  • #10,274
  • May 2, 2012 6:30am May 2, 2012 6:30am
Expecting some retracement till 1.3170, sell limit order loaded

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  • #10,275
  • May 2, 2012 6:37am May 2, 2012 6:37am
Quoting LuisPrinc
Euro is doing well his job, now at what level do you think it will make some retracement ?
Yes weekly pivots helps alot. At those pivots I think is the best risk reward ratio to trade. What do you think ?


Kinds regards,
Luis
Read my paper at the 10.0 thread I posted it today. Talks about how to use weekly pivots and signals.
  • #10,276
  • May 2, 2012 8:55am May 2, 2012 8:55am
The EURUSD blasted through a serious PUT options barrier at 3186 with open interest over 5900. Again, the next PUT options barrier is 2993 with open interest of almost 5300 contracts.

Carl
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  • #10,277
  • May 2, 2012 9:14am May 2, 2012 9:14am
Quoting crodzilla
The EURUSD blasted through a serious PUT options barrier at 3186 with open interest over 5900. Again, the next PUT options barrier is 2993 with open interest of almost 5300 contracts.

Carl
Thanks, Carl.
The mind thinks, the heart knows...
  • #10,278
  • May 2, 2012 10:30am May 2, 2012 10:30am
If the ECB had guts, they would cut 50 bps tomorrow, which is precisely what is needed to have some hope of getting some economic activity going, although I feel, even that would be too little too late.

Anyway, it won´t happen because they are controlled by the Bundesbank. The Germans think that Europe is only them. Everyone needs the cut except Germany, so there won´t be a cut.
Observation is the path to discovery.
  • #10,279
  • May 2, 2012 10:45am May 2, 2012 10:45am
Al, just want to thank you for a wonderful system. I have been experimenting with it for a few weeks now and i must tell you that i am impressed with my results. The dashboard is an awesome tool in letting you know potential trades and once i confirm them visually they all work themselves out. The few loses i have taken is mostly because i am very impatient. Also i have left many pips in the table because of the same reason; regardless of this big problem I HAVE, I have been able to accomplish the 1% daily you speak about. Many thanks to you and all who have cooperated in creating this system. I understand I must continue to test it for a much longer period of time before i commit meaningful money to it; as of now i am practicing with 2 micro-lots only.


Best Regards
  • #10,280
  • May 2, 2012 11:34am May 2, 2012 11:34am
Quoting Analda3
Al, just want to thank you for a wonderful system. I have been experimenting with it for a few weeks now and i must tell you that i am impressed with my results. The dashboard is an awesome tool in letting you know potential trades and once i confirm them visually they all work themselves out. The few loses i have taken is mostly because i am very impatient. Also i have left many pips in the table because of the same reason; regardless of this big problem I HAVE, I have been able to accomplish the 1% daily you speak about. Many thanks to you and...
Thank you for your comments. I´m glad it´s working out for you.
Observation is the path to discovery.
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