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Extreme TMA System

  • #10,361
  • May 5, 2012 3:16am May 5, 2012 3:16am
hola Al y a todos me gustaria que piensa de las graficas que mando muchas gracias maestro y un saludo Xabi
  • #10,362
  • May 5, 2012 3:18am May 5, 2012 3:18am
aqui estan
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  • #10,363
  • Edited 3:42am May 5, 2012 3:29am | Edited 3:42am
Quoting maxtrader
You are on the right path. No one is intelligent enough to predict anything on financial issues, no one has a cristal ball to predicts 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
Prediction is very hard specially about the future, stick to PA ( Price Action ) and learn to read the charts ( Candlesticks, chart Patterns, support resistance all kind, channels and retracements ( fibo and others, etc.....) Trade what you see not what you expect.

Fundamentals are the big picture then you zoom in to the charts and apply technical analysis in the following specific order ( M1 > W1 > D1 > H4 and maybe maybe smaller timeframes to pinpoint your entry and exit.

MM ( Money Management ) is paramount, the most important aspect of trading followed by Discipline to follow your plan and patience to wait like a hunter for you ducks ( setups) to line up.

Regards and Success be with you.

I Like and i live by this wisdom quote : "The first rule is not to lose. The second rule is not to forget the first rule. -Warren Buffett "
Master Your Setup, Master Your self. (NQoos)
  • #10,364
  • May 5, 2012 5:13am May 5, 2012 5:13am
Quoting zackery
@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
Try this, it will give you fib levels, set fib period to 350 and you should get similar fib levels as Al.
Attached File(s)
File Type: ex4 AutoFib TradeZones.ex4   9 KB | 604 downloads
  • #10,365
  • May 5, 2012 8:15am May 5, 2012 8:15am
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
~~~~~~~~~~~~~~~~~
Dear Favorite :

after review this instruction twice, I still need time to digest your M1, M5 TMA trad way ~~ ~

SCOTT-ibm

-------------------------
The instructions:

These are the very basics. Please ask any questions, I'll be glad to help.

First we go to H1 and determine the trend looking at Price Action, stochastics and Heiken Ashi. First of all - Price Action. Second - change in Heiken Ashi color. I usually wait until the first different color HA candle is closed and at this moment I look at the Price Action, HA and stochastics. If both Price Action and 2 HA candles are good size and the stochastics already has been under 20 or above 80 and crossed it and now is above 20 or under 80 - then I consider it a change in the trend.

After that, if you put on the same M15 chart TMA/H1 and TMA/H4 (both with multiplier 3.0) and TMA/M15 (with multiplier 2.0), you'll see the whole picture.

If this picture doesn't undermine the trend that we determined, we go to M1 chart, M5 chart or M15 chart and wait for the right setup.

Let's say, for example, H1 trend is long and we decided to trade M15.

We go to M15 and wait until price is below the lower TMA band. After that we start watching SupDem and Heiken Ashi. We wait until price tested the Demand zone of the SupDem indicator (the blue zone) and starts going up. I usually enter when Heiken Ashi changes the color from red to white, I wait until the first white candle is closed and enter at the beginning of the second candle. But we enter only if the distance between price and the opposite outer band is at least 30 pips (for M15).

And we do the opposite for the short trend (waiting until price is above the upper TMA band, tested the Supply zone (the red zone), enter in the beginning of the second red candle.

SL 25-30 for M15, 15-20 for M5, 10-12 for M1 (but I use locking instead of stop-losses)

I usually set it 12 pips for M1, 20 for M5 and 25 for M15.

TP - the opposite outer band. But if we entered from M1 and we see a good movement, we can go to TMA M5 opposite band or even TMA M15. The same for M5/M15 entry, under some circumstances we can go as long as the opposite TMA H1 band.

It is very important to watch all three timeframes (M1, M5 and M15) because M15 signals are rare. But it is also possible to watch only M1, since M1 is the most profitable timeframe.

MM is the usual: 1 lot for 10K (0.1 for 1K, 0.5 for 5K etc.)

Best Regards,

Favorite
_______________
  • #10,366
  • May 5, 2012 8:55am May 5, 2012 8:55am
Quoting nanningbob
I hope not. I tried fundamental trading for a while. The problem is finding two guys that would agree so I could trade in the right direction. They always show up after the fact.
~~~~~~~~~~~~~
Dear Bob :

Nice to meet you at FF, Do you live at Nanning, GongXi Province, China ??, I guess from your name.

I had fast review 10.2.5.1 book 1 ~ 4, know little picture of yours,
for adopt it to trade, it look like , use to long term trade way ?? use small lots , run a long long period ??

maybe I need to view your book deeply this weekend ~~

We have a small private Fund office at Taiwan, Taipei, and then poor of strategy, and mess use auto trade progrm, cause a urgent suspend operation now.

Now, all of us , look for a better strategy, wait for top management's new decision.

SCOTT-ibm / taiwan office

~~~~~~~~~~~~~~~~~~~~~~
  • #10,367
  • May 5, 2012 11:08am May 5, 2012 11:08am
Quoting scott-ibm
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 ??
Scott, this picture is from my thread, but it is not my modification, it is what one of the traders tried to make out of my modification. So this picture is a very bad example. My modification contains only 3 indicators and my template doesn't look like a X-mas tree.

And another thing: I don't want to take over Al's thread!

So, guys, if you have any questions about my modification, please ask via PM.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #10,368
  • May 5, 2012 12:33pm May 5, 2012 12:33pm
Quoting Favorite
Scott, this picture is from my thread, but it is not my modification, it is what one of the traders tried to make out of my modification. So this picture is a very bad example. My modification contains only 3 indicators and my template doesn't look like a X-mas tree.

And another thing: I don't want to take over Al's thread!

So, guys, if you have any questions about my modification, please ask via PM.
~~~~~~~~~~~~
thank you , Favorite, :

go through PM later , ~~

because Taiwan office search more effiency strategy now for management ~

SCOTT-ibm
~~~~~~~~~~~~~~
  • #10,369
  • May 5, 2012 4:23pm May 5, 2012 4:23pm
Quoting zackery
@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
It´s in Channels/Fibonacci in MT4.
Observation is the path to discovery.
  • #10,370
  • May 5, 2012 4:25pm May 5, 2012 4:25pm
Quoting Xabier
aqui estan
Estoy de acuerdo.
Observation is the path to discovery.
  • #10,371
  • May 5, 2012 4:30pm May 5, 2012 4:30pm
Quoting Favorite
Scott, this picture is from my thread, but it is not my modification, it is what one of the traders tried to make out of my modification. So this picture is a very bad example. My modification contains only 3 indicators and my template doesn't look like a X-mas tree.

And another thing: I don't want to take over Al's thread!

So, guys, if you have any questions about my modification, please ask via PM.
It´s ok with me. Personally, I have many things that require most of my time lately and it looks like this will be the case for quite a long time, so you are welcome to take the thread in your own direction if you so desire.
Observation is the path to discovery.
  • #10,372
  • May 5, 2012 4:38pm May 5, 2012 4:38pm
Quoting Alorente
It´s ok with me. Personally, I have many things that require most of my time lately and it looks like this will be the case for quite a long time, so you are welcome to take the thread in your own direction if you so desire.
Thank you Al, but I would never do that: too big shoes to fill!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #10,373
  • May 5, 2012 4:47pm May 5, 2012 4:47pm
Dear Al, i've been on this thread for long now and nobody can do as much as you hv done for most of us here, i so much appreciate as much as they all do, only nature will bear witness. May God bless you. Tks
  • #10,374
  • May 6, 2012 11:17am May 6, 2012 11:17am
Hi Al & all. Here are my updated charts on the SPX, which of course is usually correlated with the EUR and is usually inverse to the USD. I stuck a Monthly Eur chart at the end too, which I find an interesting chart due to the compression into a very small corner where something will have to give soon (soon in relative terms, remember its a Monthly chart).

Mostly these SPX charts are looking pretty bearish overall to me, but nothing is confirmed which is key. The Monthly is suffering from denial of a TL with Price, Rsi and the Macd and has a Hanging Man Candle on it which would be very bearish if confirmed (will take this whole month). Very concerning also are the MA's on that chart.

The Weekly buy/sell chart is a chart I share with my family and friends who are just Investors. It's been a very reliable guide, but did suffer the first 'fakeout' in 20 years back in August 2011, see the chart where a signal reversed within 2 months. Of course the signals are based on lagging indy's, but that does not take away from how well they have confirmed the change in trend. This chart is no where near its main signal, but momo is starting to shift down.

The other basic weekly TA chart shows the Histo negative, RSI TL break, declining volume and price on support with a Macd bearish signal cross imminent.

Finally the Daily shows a H&S where price is now resting on the Neckline and Daily/Weekly support. The Russell Small Cap index (often leads) has the same H&S but its more level and not slanting up, it is in the same position at NL.

Hope some of you find this useful. Have a good week all
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  • #10,375
  • May 6, 2012 4:25pm May 6, 2012 4:25pm
Let's see what reaction we get to the French election result.
  • #10,376
  • May 6, 2012 4:34pm May 6, 2012 4:34pm
Quoting jayjonbeach
Hi Al & all. Here are my updated charts on the SPX, which of course is usually correlated with the EUR and is usually inverse to the USD. I stuck a Monthly Eur chart at the end too, which I find an interesting chart due to the compression into a very small corner where something will have to give soon (soon in relative terms, remember its a Monthly chart).

Mostly these SPX charts are looking pretty bearish overall to me, but nothing is confirmed which is key. The Monthly is suffering from denial of a TL with Price,...
From my analysis this weekend, it is obvious to me that Risk off is totally in play now. The S&P, Euro, Cad, Aud, Chf should all drop. Usd and Jpy should rise and Gbp will drop but not as much as the rest.

I expect 1.2630 to be tested soon on EurUsd. The question is if UsdIndex will breakout to new highs above 82. We´ll have to wait and see.
Observation is the path to discovery.
  • #10,377
  • May 6, 2012 5:34pm May 6, 2012 5:34pm
Quoting Alorente
From my analysis this weekend, it is obvious to me that Risk off is totally in play now. The S&P, Euro, Cad, Aud, Chf should all drop. Usd and Jpy should rise and Gbp will drop but not as much as the rest.

I expect 1.2630 to be tested soon on EurUsd. The question is if UsdIndex will breakout to new highs above 82. We´ll have to wait and see.
Well that 82 might be a ways a way for the USD, the biggest thing in the near term for USD bulls is 80 needs to be cleared and the downtrend TL definitely, and after the open we are right there now. The upward TL holding was big from a TA standpoint.

Eur has gapped below support and its Neckline, and the SPX has done the same in the Futures market. So for now, it looks like we have confirmed H&S patterns all around.
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  • #10,378
  • May 6, 2012 5:40pm May 6, 2012 5:40pm
Quoting jayjonbeach
Well that 82 might be a ways a way for the USD, the biggest thing in the near term for USD bulls is 80 needs to be cleared and the downtrend TL definitely, and after the open we are right there now. The upward TL holding was big from a TA standpoint.

Eur has gapped below support and its Neckline, and the SPX has done the same in the Futures market. So for now, it looks like we have confirmed H&S patterns all around.
80 is gone already. Next stop is 80.35 which is the April 16th high. After that we head to 81.15, March 15th high and then 82.

I do believe we´ll close today´s opening gap in the next couple of days. I would be very surprised if the gap remains open through this week. After closing the gap we should head straight down for the 1.2630 low test.
Observation is the path to discovery.
  • #10,379
  • May 6, 2012 8:26pm May 6, 2012 8:26pm
Quoting Alorente

I do believe we´ll close today´s opening gap in the next couple of days. I would be very surprised if the gap remains open through this week. After closing the gap we should head straight down for the 1.2630 low test.
I agree with this.
USD Est Non Mortuus
  • #10,380
  • May 7, 2012 4:44am May 7, 2012 4:44am
Quoting scott-ibm
~~~~~~~~~~~~
thank you , Favorite, :

go through PM later , ~~

because Taiwan office search more effiency strategy now for management ~

SCOTT-ibm
~~~~~~~~~~~~~~
Dear Favorite :

pls confirm this M5 Pic is your template OK ?

Brs,

SCOTT-ibm

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