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Extreme TMA System

  • #10,661
  • May 15, 2012 9:21am May 15, 2012 9:21am
Quoting Alorente
I´m sorry. I don´t understand.
Dear Aronte,
Sorry my English Time to time ı would to see your treat if posibly?
Regards.
Bülent
  • #10,662
  • May 15, 2012 9:21am May 15, 2012 9:21am
Quoting Alorente
Because I strongly feel we must close the gap, I am currently long EurUsd for the next few days. The UsdIndex needs a pullback also. Also, the S&P has not followed the EurUsd down today, so we may get a reversal later today.
Another interesting point. The 61.8% Fibonacci retracement of the EurUsd drop of the past 11 sessions is, surprise, surprise !! 1.3085. Exactly the level that closes the gap. Coincidence ?? I don´t think so ...
Observation is the path to discovery.
  • #10,663
  • May 15, 2012 9:25am May 15, 2012 9:25am
Quoting bulent
if posible how can we follow mr Aronte treath ( like myfxbook).
Quoting Alorente
I´m sorry. I don´t understand.
Al, I think the guy wants you to give him a link to your mtfxbook account or to your Trade Explorer or something like this, so he would be able to see your trades.

P.S. I don't know if it is possible with mtfxbook, but the Trade Explorer does show both the closed trades and the trades in progress.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #10,664
  • May 15, 2012 9:27am May 15, 2012 9:27am
Quoting bulent
Dear Aronte,
Sorry my English Time to time ı would to see your treat if posibly?
Regards.
Bülent
What is my treat? Do you mean my results? I can post the results once a month if you feel it will benefit you. I must tell you that I am currently trading the Extreme TMA system as described on Post 1. I am not trading the Lorente Magic System because Extreme TMA is more profitable and more fun to trade. The Magic system is maybe a bit more consistent and safe. With the Magic system it is virtually impossible to get into trouble because the Cross is determined directly by price so you will get a cross quickly if price goes against you. Your losers should be small and your winners can be big.
Observation is the path to discovery.
  • #10,665
  • May 15, 2012 9:31am May 15, 2012 9:31am
Quoting Alorente
What is my treat? Do you mean my results? I can post the results once a month if you feel it will benefit you. I must tell you that I am currently trading the Extreme TMA system as described on Post 1. I am not trading the Lorente Magic System because Extreme TMA is more profitable and more fun to trade. The Magic system is maybe a bit more consistent and safe. With the Magic system it is virtually impossible to get into trouble because the Cross is determined directly by price so you will get a cross quickly if price goes against you. Your losers...
Dear Sir,
Thank you for your reply. okey ı will do.
Best Regards.
Bülent
  • #10,666
  • May 15, 2012 9:36am May 15, 2012 9:36am
Quoting Jemook
Al, just wanted to check in to see if you've been keeping up with Nanningbob's 10.2 updates. I've been testing his new system and it's amazing how accurate it is in determining trend direction and strength of moves. If you haven't already I highly suggest you read the booklets included in the first page of his thread which is located here: http://www.forexfactory.com/showthread.php?t=308304

In particular the following documents which are included in the booklet packet:

2. 10.2 TMA SLOPE INDICATOR 1.4
6. NANNINGBOB 10.2 5.02

I know...
I have read the literature but I haven´t had time to take the system for a road test. I will when things calm down a bit for me. Now that the lazy summer is upon us...
Observation is the path to discovery.
  • #10,667
  • May 15, 2012 9:48am May 15, 2012 9:48am
Quoting Alorente
I have read the literature but I haven´t had time to take the system for a road test. I will when things calm down a bit for me. Now that the lazy summer is upon us...
Hi AL, just thought I would let you know that we trade the higher time frames but when they want to use the lower TF I tell to come to you. I think our systems compliment each other very well. People who have traded your system seem to catch on very quickly to mine and meld the two very quickly. Good luck and continue your good work. I still enjoy reading your commentary on different pairs.

I have a question for you, we know that the gbp and eur have been linked in price movement over the years. Do you think there is any possibility they could uncouple during these interesting times? In other words gbp goes up while euro goes down. I usually begin selling one when the other goes down and visa versa.
  • #10,668
  • May 15, 2012 10:03am May 15, 2012 10:03am
Quoting nanningbob
Hi AL, just thought I would let you know that we trade the higher time frames but when they want to use the lower TF I tell to come to you. I think our systems compliment each other very well. People who have traded your system seem to catch on very quickly to mine and meld the two very quickly. Good luck and continue your good work. I still enjoy reading your commentary on different pairs.

I have a question for you, we know that the gbp and eur have been linked in price movement over the years. Do you think there is any possibility they could...
Thanks as always, Bob. If my input has been a factor in helping you complete 10.2, then it was all worth it.

I agree with you that Gbp is uncoupling from Eur to a certain extent. Now we know that Great Britain´s decision to not join the Euro was not capricious. It was prescient to a large extent. Sterling should do much better than the Euro going forward.
Observation is the path to discovery.
  • #10,669
  • Edited 12:47pm May 15, 2012 11:55am | Edited 12:47pm
Quoting Alorente
Another interesting point. The 61.8% Fibonacci retracement of the EurUsd drop of the past 11 sessions is, surprise, surprise !! 1.3085. Exactly the level that closes the gap. Coincidence ?? I don´t think so ...
This point exactly is one of the reasons I'm keeping my long open. I'm trading to recover inbetween, but... we'll I do hope you are right. :-)

I still need more practice on this system though...

EDIT: trading idea. Gold as "save haven" was about 700 pips higher at time of EURUSD gap. I'm not a big time gold trader, it's volatility scares me, but it's tempting.

BR
  • #10,670
  • May 15, 2012 12:25pm May 15, 2012 12:25pm
Al,u are doing a wonderful job,i want to commend you for your generousity in teaching us the ropes of trading.Thanks great mentor.
  • #10,671
  • May 15, 2012 1:28pm May 15, 2012 1:28pm
Quoting Nes
Hi everyone,
this is my first post, and I want to introduce myself:
my name is Rafał(el), I'm from Poland. My passion for forex start 1,5 year ago, I don't earn any money yet, but I'm working hard everyday to do this.

First I want to thanks Mr. Lorente for everything that He write to us and what He divide with us. Goodness is bigest value in earth, it will back to you sonner or later.

Secondly I want to ask some questions(for Mr. Al or others who know answers). Past few day there is 2 new tpl and I'm very confused, with one I should...
Hej Nes ! Miło zobaczyć jakiegoś Polaka w tym wątku ! Stosuje system Ala można powiedzieć od początku i jest naprawde bardzo imponujący Chciałem do ciebie napisać prywatną wiadomośc ale przez to że jesteś juniorem chyba nie mogę. Jak coś to pisz na gadu gadu -3651660 albo jak już bedziesz mógł to prywatną wiadomość ! Pozdrawiam !
  • #10,672
  • May 15, 2012 3:04pm May 15, 2012 3:04pm
Quoting penet
Hej Nes ! Miło zobaczyć jakiegoś Polaka w tym wątku ! Stosuje system Ala można powiedzieć od początku i jest naprawde bardzo imponujący Chciałem do ciebie napisać prywatną wiadomośc ale przez to że jesteś juniorem chyba nie mogę. Jak coś to pisz na gadu gadu -3651660 albo jak już bedziesz mógł to prywatną wiadomość ! Pozdrawiam !
penet, Nes, it's nice to meet some Polish traders here!

I know that some Polish traders can speak Russian.

If you can read Russian, I invite you guys to visit my Russian thread, it is about TMA modification.
http://ruforum.mt5.com/threads/17528-sistema-moderntma

And if you don't know Russian language, you can download the basic version of my modification for English-speaking traders:
http://ruforum.mt5.com/threads/17528...=1#post2630474
Gentlemen always play by the rules. If they can't, they change the rules.
  • #10,673
  • Edited 3:49pm May 15, 2012 3:24pm | Edited 3:49pm
Thanks Al(everyone wrote like this, so do I) for your reply.
I will keep my trades strict to you first post. I just try to follow all your post and take everything good that you share with us here.. I think it made me a better trader and soon a profitable one..

There is some talking about correlation between two currency, if someone are interested, I attach indi that measure correlation in %
You must change background to white if you want to see it.

Thanks Favorite, it's nice to meet you to. Unfortunately I don't know you language but hey we can communicate with English

Sory for my English, I use google translator xD

To penet:
Witam,
bardzo miło mi Cie poznać, szczególnie w takich okolicznościach przyrody
niedawno się zarejestrowałem, nie mam gadu, ale jak tylko będę mógł wysłać priva to się odezwę, razem zawsze raźniej, tym bardziej na takim globalnym forum.

Pzdr.
Attached File(s)
File Type: ex4 Correlation.ex4   7 KB | 493 downloads
  • #10,674
  • May 15, 2012 4:15pm May 15, 2012 4:15pm
Quoting Alorente
The UsdIndex has now tested the previous high of 81.15. I expect a pullback before proceeding to break it in a few days. It could break it today, but I believe a consolidation is in order. I am also still very skeptical of the two weekly gaps on EurUsd. I have gone back to 1994 and not a single time has a gap remained open in either the Daily or the Weekly charts. There is always a first time for everything, but I am inclined to believe that we will have a pullback to 130.80 and close both gaps.
I'm also very curious to see this, 130.80 coincides with the value of sma 100 in my H4 chart now, so maybe tomorrow....
  • #10,675
  • May 15, 2012 4:39pm May 15, 2012 4:39pm
Quoting Alorente
Sorry for all the confusion. I was sending those templates for some more advanced traders to try but you should stick to the packet file on page 1 and the Rules on page 1. The Extreme TMA system is exactly as described on Post 1, Page 1.
I've begun to read the manual booklets. There are 5 templets in the package. Which one should I use, please?

In fact, I download the all five templets, and installed the EAs as well as the indicators, as instructed. But my charts look differnent from your chart in Page 1 Post 1. I was wondering if I missed anything.
  • #10,676
  • May 15, 2012 5:08pm May 15, 2012 5:08pm
Quoting Nes
Thanks Favorite, it's nice to meet you to. Unfortunately I don't know you language but hey we can communicate with English
Gentlemen always play by the rules. If they can't, they change the rules.
  • #10,677
  • May 15, 2012 5:08pm May 15, 2012 5:08pm
Quoting Alorente
Yes, of course. Everything 2.0.
thanks for the magic method .have used it with great success on 15m while checking 1h and 4h charts. just great thanks Al.
evo
  • #10,678
  • May 15, 2012 5:35pm May 15, 2012 5:35pm
Quoting Nes
Thanks Al(everyone wrote like this, so do I) for your reply.
I will keep my trades strict to you first post. I just try to follow all your post and take everything good that you share with us here.. I think it made me a better trader and soon a profitable one..

There is some talking about correlation between two currency, if someone are interested, I attach indi that measure correlation in %
You must change background to white if you want to see it.

Sory for my English, I use google translator xD
Thank you very much for posting this. I have not tried it yet but this will likely prove useful for me for sure.

ps - translator did a good job overall
  • #10,679
  • May 15, 2012 9:17pm May 15, 2012 9:17pm
Al am I seeing this right?

Well, I am going to switch my focus to the USD. It is gaining strength across the board on every currency. If you see money flowing heavily to the dollar that means something is up and people are looking for safety. Is the Greek thing going to cause a crisis again?? You have to remember whenever there is a super fundamental at work all indicators become useless and you go with the super story. Looks like one is brewing. I hope I am wrong on this one though.
  • #10,680
  • Edited 10:49pm May 15, 2012 10:23pm | Edited 10:49pm
Charts are self explainatory, buck is right at last hurdle before 82. 82 is a magnet at this point, and the Asians look like they might make a fast run for it during their session as its THEIR money. I expect the pullback at 82, if and once it gets there, but you never know. Of course everything is overextended too at this point, so trying to get into something now is chasing imho.

I am short Gold, you can see where A = C and it coincides, as it also does with a strong support on the SPX. All three are in tandem ATM. All this is speculative of course
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Gold.GIF Size: 41 KB
Click to Enlarge Name: buck.GIF Size: 45 KB
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