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Extreme TMA System

  • #10,341
  • May 4, 2012 5:17am May 4, 2012 5:17am
Quoting Alorente
Long term (18 months) 120 to 140 range.

Short term, I want to stay away from it until I see it hit the 61% retracement level at 79.13.
After the rejection of price and the formation of an inside pin bar on resistance and 50% Fib this should happen next week or so.
Attached Image (click to enlarge)
Click to Enlarge Name: uj d1.gif Size: 43 KB
Master Your Setup, Master Your self. (NQoos)
  • #10,342
  • May 4, 2012 6:08am May 4, 2012 6:08am
Hi Everyone,

I have given this whole system a test this week and sadly for me I have only had losses and 1 break even! I think I am missing something. Help!

I took a trade on AUDUSD last night for example.

At the time before the indicators repainted to where they are today the PA was heading about 60 pips beyond the 2.0 bottom 4 Hour TMA. The TRIX singled a buy as the RSI continued to climb its upward trend bellow the 50.
The TMA slope indicator was ranging and the slope was heading upwards indicating a possible buy order.

This trade is still open and has a much larger stop than the ones i used previously.

I have been following the rules on the first post to the letter but have only got losses this week while others are talking about 50 pips a day profit.

My other trades this week following the rules in post 1 and focusing on the 1 hour chart:

Buy EURUSD at 1.3152 this hit it's stop loss at the bottom of the move. -32 pips
Buy EURGBP at 0.8124 this closed at 0.8111 -21 pips.
Sell USDCHF at 0.9137 this closed at 0.9164 with -29 pips.

I can see that AL and so many people here are really good traders and I really appreciate the effort you guys and girls have put into this!
I have read through the whole thread this week too and am still a little unclear as to what I am not doing right. Maybe I should try the 100 pip emergency stop loss Al talked about and give the recovery system a try. That stop would have let me hit the break even rules of +20 pips on some of those trades.
  • #10,343
  • May 4, 2012 6:27am May 4, 2012 6:27am
Quoting handy148
Re basic TMA system - I have been watching an M15 chart based on what you said your Russian trading friends are doing. Haven't used the chart for trading myself but it does seem to have some merit.
Of course it does! But M1 is much more profitable.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #10,344
  • May 4, 2012 6:38am May 4, 2012 6:38am
Quoting nanningbob
LOL nothing like you, Al, and I confusing the heck out of these guys with our fundamental analysis.
I read the analysis from all you guys and yes it can get a bit confusing

Personally I am not brave or intelligent enough to predict where price is going on any pair so I just trade the set ups I see with caution.
  • #10,345
  • May 4, 2012 6:59am May 4, 2012 6:59am
Quoting woolo
Hi Everyone,

I have given this whole system a test this week and sadly for me I have only had losses and 1 break even! I think I am missing something. Help!

I took a trade on AUDUSD last night for example.

At the time before the indicators repainted to where they are today the PA was heading about 60 pips beyond the 2.0 bottom 4 Hour TMA. The TRIX singled a buy as the RSI continued to climb its upward trend bellow the 50.
The TMA slope indicator was ranging and the slope was heading upwards indicating a possible buy order.

This trade...
Did you trade these when they were sell only/buy only? Did you consider recovery? Besides all this, many of us are pro-usd which means we will stay away from longing e.u, g.u o selling u.c . as for e.g i took the same trade with no SL and came out some +25 pips(had no SL)
  • #10,346
  • May 4, 2012 7:07am May 4, 2012 7:07am
Quoting woolo
Hi Everyone,

I have given this whole system a test this week and sadly for me I have only had losses and 1 break even! I think I am missing something. Help!

I took a trade on AUDUSD last night for example.

At the time before the indicators repainted to where they are today the PA was heading about 60 pips beyond the 2.0 bottom 4 Hour TMA. The TRIX singled a buy as the RSI continued to climb its upward trend bellow the 50.
The TMA slope indicator was ranging and the slope was heading upwards indicating a possible buy order.

This trade is still...
On all the trades you made you picked the weakest horse. Aud cut rates by 50 Bps a few days ago. The Usd has been moving up and Eur is moving down. I don´t know what time frame you were trading, but you should look at the direction of the H1 channel and the Daily channel for example. If you are trading M15 for example, pick a pair that has the H1, H4 and D1 slanting in your direction or moving sideways at worse. If one of those is steeply against you, you are likely to get in trouble. These things have been talked about at length in the thread.
Observation is the path to discovery.
  • #10,347
  • May 4, 2012 7:39am May 4, 2012 7:39am
NFP Forcast 160K
Actual 115K
US Nonfarm Payrolls decreases to 115K in Apr
US Unemployment Rate falls to 8.1% in Apr from 8.2% in Mar

Negative NFP
Master Your Setup, Master Your self. (NQoos)
  • #10,348
  • Edited 8:16am May 4, 2012 7:57am | Edited 8:16am
Pay attention to the AU on M15 High ATR.
Oil Below 100 $
Master Your Setup, Master Your self. (NQoos)
  • #10,349
  • Edited 9:38am May 4, 2012 8:30am | Edited 9:38am
Hello Al and the rest

Al please could you tell at what value the middle line in extremeTMA indicator change for red ? I am checking here in 5m and 15m audusd is red already but tma slope is -0.45 and -0.40

Btw audusd +18 now, target daily s2. Bingo , i got my goal +40.5

Thanks

Jose
Attached Image (click to enlarge)
Click to Enlarge Name: sell audusd 050512.jpg Size: 126 KB
  • #10,350
  • May 4, 2012 9:05am May 4, 2012 9:05am
Now the UC is shooting sky high.
Master Your Setup, Master Your self. (NQoos)
  • #10,351
  • May 4, 2012 9:42am May 4, 2012 9:42am
Quoting Favorite
Guys, thank you for your interest!

I keep getting PMs asking about my TMA modification, so I decided to create a small package for the English-speaking traders.

You can download the package here:
http://ruforum.mt5.com/threads/17528...=1#post2630474
Thank you for sharing
  • #10,352
  • May 4, 2012 10:03am May 4, 2012 10:03am
Gold continues to compress. It's in Danger of falling of a BIG 16 month cliff presently if it doesn't pull up it's socks....

Of course if it breaks through, there is always the wick TL to possibly save it...
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.GIF Size: 42 KB
  • #10,353
  • May 4, 2012 11:11am May 4, 2012 11:11am
Here is the Daily chart of UJ. I have depicted the Fib channels that I expect UJ to follow in the coming months. I first expect a test of the 61.8% Fib level before heading higher up the channels. I expect 123 tto 145 in the next 15 months.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.jpg Size: 119 KB
Observation is the path to discovery.
  • #10,354
  • May 4, 2012 11:14am May 4, 2012 11:14am
Quoting rumbaut
Hello Al and the rest

Al please could you tell at what value the middle line in extremeTMA indicator change for red ? I am checking here in 5m and 15m audusd is red already but tma slope is -0.45 and -0.40

Btw audusd +18 now, target daily s2. Bingo , i got my goal +40.5

Thanks

Jose
Look in the inputs to see what your setting is.
Observation is the path to discovery.
  • #10,355
  • May 4, 2012 11:38am May 4, 2012 11:38am
Quoting Favorite
Guys, thank you for your interest!

I keep getting PMs asking about my TMA modification, so I decided to create a small package for the English-speaking traders. It contains the basic instructions, the template and indicators. These are the very basics, but I will be glad to answer any questions via PM.

You can download the package here:
http://ruforum.mt5.com/threads/17528...=1#post2630474

Thank you very much. Any other version of that file available (not RAR)?
  • #10,356
  • May 4, 2012 12:18pm May 4, 2012 12:18pm
Quoting interbucks
Thank you very much. Any other version of that file available (not RAR)?
Thank you!

I updated the post, added the zip-file.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #10,357
  • May 4, 2012 7:04pm May 4, 2012 7:04pm
Quoting jayjonbeach
Thank you for sharing
~~~~~~~~~~~
Dear Favorite :

Our Taiwan late lady of president Chiang is Russian, but most of Taiwan people cannot see Russia, attached word and pic from your Fourm, what it saying in english ?? :

------------------------------------------------------------
Канал старшего вниз (до нижней границы - как до Сina), стох старшего (черный) вниз, канал Н1 вниз (ченый пунктир, так как он бол на тот момент). Резюме: Тренд вниз и вход в коррекцию (желательно с меньших ТФ). Дальше: НА перекрасился, дивер по тренду, стох вышел из зоны. Резюме: Закрыть бай открыть селл по тренду. Кенгуру не торговал, но на золоте ситуация похожая.

--------------------------------------------------

SCOTT-ibm
Attached Image
  • #10,358
  • Edited 9:17am May 5, 2012 2:50am | Edited 9:17am
Quoting normtold
I read the analysis from all you guys and yes it can get a bit confusing

Personally I am not brave or intelligent enough to predict where price is going on any pair so I just trade the set ups I see with caution.

You are on the right path. No one is intelligent enough to predict anything on financial issues, no one has a cristal ball to predict the future, just trade what you see and what your charts tell you, fundamental analysis is for the very long term investors and not so good to speculate, at some point anything that It is represented on a chart will be going up and at some point It will also be going down. Remember trade what you see and have a responsible money management.

Regards
Indicators always obey Price, not the other way.
  • #10,359
  • May 5, 2012 2:59am May 5, 2012 2:59am
Weekend Reads,
http://www.bloomberg.com/news/currencies/
http://www.fxstreet.com/news/forex-n...7-7a3a99623273
http://www.fxstreet.com/news/forex-n...c-6ffdb9261e60
http://online.wsj.com/article/SB1000...cies_LeadStory

Thank You And Have a good weekend.
Master Your Setup, Master Your self. (NQoos)
  • #10,360
  • May 5, 2012 3:02am May 5, 2012 3:02am
Quoting Alorente
Here is the Daily chart of UJ. I have depicted the Fib channels that I expect UJ to follow in the coming months. I first expect a test of the 61.8% Fib level before heading higher up the channels. I expect 123 tto 145 in the next 15 months.
@AL and all:
Anyone know of an indi showing those "FIB-CHANNELS" as in the picture from AL (please look @ post # 10353 form AL ! )
Thanks for an answer
Zack
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