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Extreme TMA System

  • #10,461
  • May 9, 2012 1:30pm May 9, 2012 1:30pm
Quoting Ever E. Man
I'm wondering if the technicals apply to a manipulated market, or perhaps, they need to be applied differently.

My feel is that, if I had deep pockets and lots of buddies with the same, this would be a great place for a short squeeze...
The central banks are not going to let that scenario play out, are they?

They'll demand an "orderly" drop, but only to the point that it will benefit their member banks.

If Greece left the EUR and the EURUSD rose, the CB's would sell it down to where they wanted it to be.

They're the new GS. Be on the same side they're on, or get steam rolled.
The mind thinks, the heart knows...
  • #10,462
  • May 9, 2012 3:34pm May 9, 2012 3:34pm
Quoting Alorente
UsdJpy is looking better and better. Here is the Daily chart. Notice the Bullish divergence on the Trix. Also look at the 60th bar (Vertical dotted line) and the bars following it. They move very steeply upward. This will lend support to price during the next couple of weeks. The yellow horizontal line is the 61.8% Fib retracement which marks the lowest point I expect UJ to drop to, if it drops any more.
Things are looking up for UJ.
Agree to that. Only RSI concerns me a little bit. The up trendline recently broke and was tested from below and bounced back, while the down trendline is still valid. Any comment on this?
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  • #10,463
  • May 9, 2012 4:08pm May 9, 2012 4:08pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Attached Image (click to enlarge)
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If you go by the last 2 lows it's still inside IMHO.
Of all the things I've lost I miss my mind the most .
  • #10,464
  • May 9, 2012 4:31pm May 9, 2012 4:31pm
Quoting Mr C
Attachment
If you go by the last 2 lows it's still inside IMHO.
IMHO not
I think your line is painted not through the 2nd low but below. If you zoom the RSI window vertically you should see. but anyway, not worth to start a debate on...
  • #10,465
  • May 9, 2012 4:39pm May 9, 2012 4:39pm
Quoting candletiger
Agree to that. Only RSI concerns me a little bit. The up trendline recently broke and was tested from below and bounced back, while the down trendline is still valid. Any comment on this?
You are correct. The RSI is telling us that there is still work to be done before a bottom is complete. Price should test the 61.8% Fib and then show an RSI divergence before it takes off again. I will continue trading it in and out for now.
Observation is the path to discovery.
  • #10,466
  • May 9, 2012 5:59pm May 9, 2012 5:59pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting candletiger
IMHO not
I think your line is painted not through the 2nd low but below. If you zoom the RSI window vertically you should see. but anyway, not worth to start a debate on...
I could not figure out what you were saying at first now I understand, I had already moved ahead with a new low and trend line on my RSI as shown on my chart.
Everybody sees things a different way sorry for the misunderstanding.
Also I use the crosshair to find lows and highs they don’t change when you zoom but as you say not worth a debate just wanted to be clear.
Of all the things I've lost I miss my mind the most .
  • #10,467
  • May 10, 2012 1:03am May 10, 2012 1:03am
Hello Al,
You have commented on the UJ and your expectation for it to rise from here, and the Eur is still unclear. You made an observation concerning the basket trade with 4 yen and 4 usd pairs and I wonder what your feeling is on that method at this time. Do you still think that will be a valid trading method in the future?

The reason I ask is because since that basket trade idea was brought up , I have been studying different methods and have finally come to what I feel is a terrific method. In fact I have gained over 800 pips in the last 24 hours with 5 baskets.

What is the status of the ea you spoke of and how do you feel the market will behave moving forward? Thanks for your observations.
  • #10,468
  • May 10, 2012 1:32am May 10, 2012 1:32am
hello AL an traders here is rsi special .greats
Attached Image (click to enlarge)
Click to Enlarge Name: RSI.png Size: 15 KB
Attached Image
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File Type: mq4 Divergence Petr.mq4   65 KB | 523 downloads
  • #10,469
  • May 10, 2012 2:54am May 10, 2012 2:54am
Quoting candletiger
Agree to that. Only RSI concerns me a little bit. The up trendline recently broke and was tested from below and bounced back, while the down trendline is still valid. Any comment on this?
Don't buy it until it breaks that down trendline,simply as that.

Thank You.
Master Your Setup, Master Your self. (NQoos)
  • #10,470
  • May 10, 2012 2:57am May 10, 2012 2:57am
Hi AL, to be honest with you the TMA bands attracts my attention 99% of the time. The Coral and the 200 sma not that much. I cannot find a reliable way to trade them. I know, because I've read the whole thread, that you haven't discussed this topic deeply (pardon me if I'm wrong). Can you tell us a bit more how you trade and behave with these two snakes ?

Best regards
Max
  • #10,471
  • May 10, 2012 3:57am May 10, 2012 3:57am
Daily Read,
Fundementals :

http://www.ft.com/intl/cms/s/0/64955...#axzz1uMYm2XIk
http://www.ft.com/intl/markets/currencies
http://online.wsj.com/public/page/ne...s-trading.html
http://www.bloomberg.com/news/currencies/
http://www.forexfactory.com/news.php?do=news&id=361326
http://www.forexfactory.com/news.php?do=news&id=361329

GREEK WORRIES, EURO RESILIENCE AND LACK OF VOLATILITY IN THE FOREX MARKET IS THE KEY SUBJECT TODAY.

Have a nice profitable Day.

Trading Wisdom of the day :
"There is nothing new on Wall Street or in stock speculation. What has happened in the past will happen again, and again, and again. This is because human nature does not change, and it is human emotion, solidly built into human nature, that always gets in the way of human intelligence. Of this I am sure. -- Jesse Livermore"
Master Your Setup, Master Your self. (NQoos)
  • #10,472
  • May 10, 2012 5:03am May 10, 2012 5:03am
Quoting candletiger
Agree to that. Only RSI concerns me a little bit. The up trendline recently broke and was tested from below and bounced back, while the down trendline is still valid. Any comment on this?
I'd like to know how you got the slope to show behind the Trix, I like that set up a lot since realestate on MT4 is a hot commodity.

TIA
  • #10,473
  • May 10, 2012 5:34am May 10, 2012 5:34am
just drag it in there
  • #10,474
  • May 10, 2012 6:02am May 10, 2012 6:02am
...another very profitable day: +239 pips (so far).

Thank you, Al.
  • #10,475
  • May 10, 2012 6:08am May 10, 2012 6:08am
Quoting Alorente
Hello everyone. My name is Alfredo. You can call me Al.

At the request of many of you, I am starting today what I hope will become a thriving laboratory of ideas that will make each of us, each day, a little better trader than we were. Firstly, I must say that I have never done something like this and I will rely on the help and contribution of you to make it a success.

The history of a trader, like my own, is a tough road full of failure, despair and loneliness, as well as fulfillment, excitement and triumph. It is a hard road full of obstacles...
I find it hard how ppl trade this system as the indicators repaints so badly
  • #10,476
  • May 10, 2012 6:11am May 10, 2012 6:11am
Quoting Olarion1975
...another very profitable day: +239 pips (so far).

Thank you, Al.
Awesome going, mate. It really is a tremendous system.
  • #10,477
  • May 10, 2012 6:11am May 10, 2012 6:11am
Quoting Olarion1975
...another very profitable day: +239 pips (so far).

Thank you, Al.
In not so volatile day that is impressive. Can you describe us your trades? Thx and congrats!
  • #10,478
  • Edited 6:41am May 10, 2012 6:25am | Edited 6:41am
Quoting dorellino
In not so volatile day that is impressive. Can you describe us your trades? Thx and congrats!
Sure, I will. But later today as I am busy with my office job.

Most of the pips I gained were from positions I opened yesterday in EurAud after it was way beyond the M15 and H1 band. I added on a few times and left it open over night. When I woke, TP was hit on 2 of the 6 positions with a nice profit of +80 pips...

After it, I manually closed the remaining 4 positions with a profit of another +143 pips. 30 min ago I closed my UsdCad short position with +16 pips I opened when price went beyond the M15 and H4 band.

PS: I am almost up +3000 pips since I started trading the TMA system 10 weeks ago.

Happy trading!
Olarion
  • #10,479
  • May 10, 2012 7:05am May 10, 2012 7:05am
Quoting Ayobami
I find it hard how ppl trade this system as the indicators repaints so badly
Repaints is not evil once you know how it works, actually it's a superb feature that adds to our arsenal, but again you have to know it. Read the whole thread and you will understand, maybe.
  • #10,480
  • May 10, 2012 7:44am May 10, 2012 7:44am
Quoting Olarion1975
Sure, I will. But later today as I am busy with my office job.

Most of the pips I gained were from positions I opened yesterday in EurAud after it was way beyond the M15 and H1 band. I added on a few times and left it open over night. When I woke, TP was hit on 2 of the 6 positions with a nice profit of +80 pips...

After it, I manually closed the remaining 4 positions with a profit of another +143 pips. 30 min ago I closed my UsdCad short position with +16 pips I opened when price went beyond the M15 and H4 band.

PS: I am almost up...
http://www.forexfactory.com/images/icons/icon10.gif
Wow! Compliments!!
Use the recovery system or you have a SL?
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