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Extreme TMA System

  • #10,421
  • May 8, 2012 12:14pm May 8, 2012 12:14pm
I have discovered something that could be very interesting. I was analyzing the data from the past 20 years of UsdJpy. I drew the trendline under the last important uptrend in April of 2005. I then transported the trendline to previous important rises through the years. It matched the uptrend perfectly and on the weekly chart the Coral climbed right on it. I then brought the same trendline to today on the daily chart. It is blue on the chart below. I find this pretty amazing. We will know soon if price will respect it, because, as you can see, today´s low is almost exactly on it.

Needless to say, I have loaded up on UsdJpy longs.

If this is the main trendline, it should take us all the way to 120 or so as I expect UsdJpy to reach 120 to 140.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 45 KB
Observation is the path to discovery.
  • #10,422
  • May 8, 2012 12:19pm May 8, 2012 12:19pm
Quoting BraunTrade
Hi Al. Thanks for your help.
Just another question. In the Packet.zip we have a indicator called ExtremeTMA_v33. This indicator is used for fill your entry roles listed below ?
Entry Rules:
1- We will first determine trend in the TMA by using the TMA Slope indicator value of the TF you are trading. Ranging TMA (-0.50 to 0.50): Trades can be placed in both directions. Buy Only TMA (Above 0.51): Place ONLY Long trades. Sell Only TMA (Below -0.51): Place ONLY Short trades.
2- Once trade direction is determined, we will look at the TMA and wait for...
This is the Dashboard. All the rules are contained in the signals it gives. It is pretty cool. Crodzilla created it.
Observation is the path to discovery.
  • #10,423
  • May 8, 2012 12:23pm May 8, 2012 12:23pm
Quoting Alorente
This is the Dashboard. All the rules are contained in the signals it gives. It is pretty cool. Crodzilla created it.
Hey Al, thanks a lot, that's fantastic!!
All the best for you.
There is no place for wimps
  • #10,424
  • May 8, 2012 12:29pm May 8, 2012 12:29pm
AL...

I dont know if this could be of some use to you and those who use semafors (semaphors - however it is spelled) with the TMA as I do. This is a multi-timeframe zig zag with default settings at 1 hr, 4hr, and daily. (of course I changed them because I only trade the 1 min TF)

I have been testing it to use as confirmation of trend reversal. I have only been using it a few days.... so far so good. Tell me what you think.

Attached Image (click to enlarge)
Click to Enlarge Name: XStorm test mtf zigzag.jpg Size: 136 KB


I have uploaded the MQ file for those who might want to play with the code.

Attached File(s)
File Type: mq4 MultiZigZag.mq4   20 KB | 870 downloads


Merry Trading!
  • #10,425
  • May 8, 2012 12:50pm May 8, 2012 12:50pm
Quoting XStorm
AL...

I dont know if this could be of some use to you and those who use semafors (semaphors - however it is spelled) with the TMA as I do. This is a multi-timeframe zig zag with default settings at 1 hr, 4hr, and daily. (of course I changed them because I only trade the 1 min TF)

I have been testing it to use as confirmation of trend reversal. I have only been using it a few days.... so far so good. Tell me what you think.

Attachment

I have uploaded the MQ file for those who might want to play with the code.

Attachment

Merry...
Thanks, I´ll try it out.
Observation is the path to discovery.
  • #10,426
  • May 8, 2012 2:41pm May 8, 2012 2:41pm
AL, is your TP for USDCAD the lower 1hr band?

Thanks
  • #10,427
  • May 8, 2012 3:35pm May 8, 2012 3:35pm
Quoting grivera
AL, is your TP for USDCAD the lower 1hr band?

Thanks
I already closed half of the lots, but the remaining half TP is .9940
Observation is the path to discovery.
  • #10,428
  • May 8, 2012 5:13pm May 8, 2012 5:13pm
The PUT options have again offered mega-support at 2988, as previously mentioned several times. With over 6100 contracts open at this level, which is the highest I have seen to date, will be THE level to watch in the future.

Carl
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD5-8.jpg Size: 101 KB
  • #10,429
  • May 8, 2012 5:50pm May 8, 2012 5:50pm
Quoting crodzilla
The PUT options have again offered mega-support at 2988, as previously mentioned several times. With over 6100 contracts open at this level, which is the highest I have seen to date, will be THE level to watch in the future.

Carl
Thank you Carl - I'll keep my eyes wide open.
  • #10,430
  • May 8, 2012 6:42pm May 8, 2012 6:42pm
Quoting tomthepoppop
Thank you Carl - I'll keep my eyes wide open.
Dear Tom :

private message from SCOTT ~
  • #10,431
  • May 8, 2012 8:36pm May 8, 2012 8:36pm
Hi All . I registered here especially because of your amazing strategy Alorente .

But Im having aproblem trading It guys . can anyone help me .

the problem that : Im watching Tma slope & once it comes below -.50 or more than 0.50 on the 15 minute TF it gives a sell sign & once I sell or buy the TMA slope redraw itself and the sign goes away and the slope changes in colour from red to grey again ...

so... Am I missing something in the rules please . need help to avoid mistakes . . .
  • #10,432
  • May 8, 2012 9:08pm May 8, 2012 9:08pm
Martket is the king.
Attached Image (click to enlarge)
Click to Enlarge Name: a1.PNG Size: 80 KB
  • #10,433
  • May 9, 2012 12:03am May 9, 2012 12:03am
Quoting crodzilla
The PUT options have again offered mega-support at 2988, as previously mentioned several times. With over 6100 contracts open at this level, which is the highest I have seen to date, will be THE level to watch in the future.

Carl
Thanks for the update.
  • #10,434
  • May 9, 2012 2:20am May 9, 2012 2:20am
Quoting Dr_hodhod
[size=5]Hi All . I registered here especially because of your amazing strategy Alorente .

But Im having aproblem trading It guys . can anyone help me .

the problem that : Im watching Tma slope & once it comes below -.50 or more than 0.50 on the 15 minute TF it gives a sell sign & once I sell or buy the TMA slope redraw itself and the sign goes away and the slope changes in colour from red to grey again ...

so... Am I missing something in the rules please . need help to...
Between -050 and 0.50 you can trade in both directions. Please, read the rules again. You don´t have to wait for below -0.50 to sell or above 0.50 to buy.
Observation is the path to discovery.
  • #10,435
  • May 9, 2012 2:22am May 9, 2012 2:22am
Quoting crodzilla
The PUT options have again offered mega-support at 2988, as previously mentioned several times. With over 6100 contracts open at this level, which is the highest I have seen to date, will be THE level to watch in the future.

Carl
Thanks Carl. Indeed, they are putting up a fight at that level..
Observation is the path to discovery.
  • #10,436
  • May 9, 2012 2:29am May 9, 2012 2:29am
Quoting crodzilla
The PUT options have again offered mega-support at 2988, as previously mentioned several times. With over 6100 contracts open at this level, which is the highest I have seen to date, will be THE level to watch in the future.

Carl
I no longer believe the Euro can drop like it should. There is too much interest to keep it high in three countries: China, Japan and the US. It is obvious something is going on behind the scenes to keep it around 1.3000. Europe is the number one exporting market for all three and their economies are relying on exports to them to continue. Whether the intervention is at government level or not is hard to say, but it is going on and it is futile to fight it. Barring a complete catastrophe in Europe, I believe this area (1.2975 to 1.3000) should hold.
Observation is the path to discovery.
  • #10,437
  • May 9, 2012 3:25am May 9, 2012 3:25am
Quoting Alorente
Between -050 and 0.50 you can trade in both directions. Please, read the rules again. You don´t have to wait for below -0.50 to sell or above 0.50 to buy.

Thank U Mr Alorente .

I read It & understanded it . but what about the repainting of TMA Slope . how can I avoid false signals . as yesterday the colour was turning red then grey & I get confused .

when to pull the trigger ? ? ? what is the sure sign for TMA Slope ?? ?
  • #10,438
  • May 9, 2012 3:54am May 9, 2012 3:54am
Quoting aren
Martket is the king.
---------------
Dear Aren :

Would you please advice us, How to draw this Fib ??

what kind of Indic or tool ??

highly regards ,


SCOTT-ibm

~~~~~~~~~~~~
  • #10,439
  • May 9, 2012 4:21am May 9, 2012 4:21am
To Play Greek poker with a French Joker




It will likely be impossible to form a Greek government based on “YES” to the bailout plan the previous Greek government signed off for. The reason is simply that there is a majority in the new Greek parliament for saying “NO” to this agreement.
The troika is then faced with the question of whether they still want to provide funding to Greece on terms which will have to be different than those earlier agreed.
Ahead of the EU summit later this month we will either have a Greek government who does not accept the bailout plan or we do not have a Greek government at all. The latter will likely as a consequence mean that new elections have been called for.
The “NO” camp in Greece might want to gamble on new elections. They can do so saying that there is a majority in the Greek population for a “NO” and they might want to wipe out the “YES” campaign even further. If so – they likely will obtain a much clearer mandate for a government.
The troika – EU, ECB and IMF now face a Greek parliament which will not go for what was earlier agreed. They can insist on the agreement being inherited by any new parliament in Greece – at which point we likely get a legal wrangling going on for years. Or – they can accept the reality that the newly elected Greek parliament doesn’t want the old bailout plan – which means that the troika then either can say: “Greece – you are on your own” or “we want to renegotiate another agreement”.
And at this point – Mr. Hollande becomes a bit of a joker. Through his socialist roots he might have a lot of sympathy for the Greeks. But he also has a practical problem to consider. Should the troika stand firm on the previous agreement and Greece say “NO” to this, then Greece will default. In addition to the Greek banking system collapsing, the next banking group to face big problems is the French. They are among international banks with the biggest exposure to Greece and they are among the banks which are poorly capitalized. For that reason – Mr. Hollande might pursue the route of avoiding default at almost any price. He would face tough problem on his home ground if the first task he would have would be to save the French banking system.
One thing is for sure – the last chapter in this Greek saga is yet to be written.


from Tor
  • #10,440
  • May 9, 2012 4:29am May 9, 2012 4:29am
Quoting Alorente
I no longer believe the Euro can drop like it should. There is too much interest to keep it high in three countries: China, Japan and the US. It is obvious something is going on behind the scenes to keep it around 1.3000. Europe is the number one exporting market for all three and their economies are relying on exports to them to continue. Whether the intervention is at government level or not is hard to say, but it is going on and it is futile to fight it. Barring a complete catastrophe in Europe, I believe this area (1.2975 to 1.3000) should hold....
Very soon all will be still more clearly ... come very strong players... People will not believe how much the euro can go up
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