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Extreme TMA System

  • #10,761
  • May 17, 2012 7:58am May 17, 2012 7:58am
Quoting jayjonbeach
Was a nice move already, it could go past 82 but that has been a looming target for it for some time. It should at least pause there and probably correct I'm sure, assuming it goes another 0.20 but the Triangle confirmed and price acted accordingly.

I think Pennant target is ~ 82.60, I have not checked long term charts yet for Supply areas. Triangle target, which I would consider more reliable, is roughly 82. Triangles signal the final move of a leg, so once its done whether that is, it should correct to a Fib.

Gold has been doing a good...
For every Flag and Pennat that work I can show you 3 that don´t. I stopped using them a long time ago.

Gold should retest 1600 next, which also happens to be the 50% Fib retracement. It is a big important round figure. I am very sure it´s going there. After that, we could get a collapse to 1400 or much lower. Maybe even a break of 1000.
Observation is the path to discovery.
  • #10,762
  • May 17, 2012 8:02am May 17, 2012 8:02am
Quoting yhkbtdy
I want you to share this indie.

colord candle and MA? etc.

Thanks!
Attachment
What indy is this? Who has it? I´d love to check it out.
Observation is the path to discovery.
  • #10,763
  • May 17, 2012 8:40am May 17, 2012 8:40am
Going back to the gap question. I just revisited the weekly data of the past 20 years very carefully. Since 1992 to the present, there have been 9 weekly gaps, not including the 2 in a row we just had. ALL OF THEM were closed: 4 were closed on the second week after the gap occurring. 1 was closed the 3rd week. 2 were closed on the 5th week and 1 was closed on the 7th week.

This shows first of all, how uncommon weekly gaps are. And we just had 2 in a row.
They act like Black Holes, magnetically pulling price towards them until they are closed.

So, knowing this, what do you think the odds are of our two successive gaps remaining open?
Observation is the path to discovery.
  • #10,764
  • May 17, 2012 9:00am May 17, 2012 9:00am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Hi, anyone that could help me, I am trying to upload a template it’s available when using my MT4 but when I searched the program files in the MT4 folder under templates it’s not there and my window is set to show all files even hidden ones is there a special way to save a template if you want to upload it.
Thanks,
PS: I noticed there are 2 template folders I already checked both of them.
Of all the things I've lost I miss my mind the most .
  • #10,765
  • May 17, 2012 9:10am May 17, 2012 9:10am
Sorry,

What i want to say is, when the price go to "sell area" according to TMA bands, sometimes the slope indi is already around "BUY ONLY", ~0.25 zone.

In this case what do you do? you buy even if the price is around sell area because the slope is around or touched ~0.25/ 0.23-24 and failing and maybe will rise ? or this is just if the slope indie on H4 is already bigger than 0.25? [BUY situation if slope is showing a trend, but you can't say if is actualy a trend]

What if the slope is bigger than 0.25 on H4, you stop selling as a general/global condition on that currency and only buy? How do you decide to buy again (re-enter in trend) if the pair is trending up on H1, H4 and the price is always in sell area according to TMA bands? You go on smaller TFs and wait for price to touch a buy area again?

I try to understand your "signal" and how you think the PA according to TMA and slope in different situations and TFs. what is most important first...

Sorry for bad english
  • #10,766
  • May 17, 2012 9:13am May 17, 2012 9:13am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Attached Image (click to enlarge)
Click to Enlarge Name: m60 usdcad4.gif Size: 36 KB
Quoting tp0440
Am I missing something? Slope on h1 and h4 is way over +0.25 here....

Yes, it's overbought, as much as EURUSD is oversold. But tecnihcals are NOT yet there for this, or???

Edit: I'm aware of the double top, all the wave being penetrated, but trend on this one is still bullish.

BR
Of all the things I've lost I miss my mind the most .
  • #10,767
  • May 17, 2012 9:20am May 17, 2012 9:20am
Quoting kennowski
Sorry,

What i want to say is, when the price go to "sell area" according to TMA bands, sometimes the slope indi is already around "BUY ONLY", ~0.25 zone.

In this case what do you do? you buy even if the price is around sell area because the slope is around or touched ~0.25/ 0.23-24 and failing and maybe will rise ? or this is just if the slope indie on H4 is already bigger than 0.25? [BUY situation if slope is showing a trend, but you can't say if is actualy a trend]

What if the slope is bigger than 0.25 on H4, you stop selling as a general/global...
In order to Buy, price must be outside of the bottom band. Can you post a picture. I cannot visualize what you are trying to say. I think you are confused on what is the Buy area. The rules are clear. Please, read them again.
Observation is the path to discovery.
  • #10,768
  • May 17, 2012 9:24am May 17, 2012 9:24am
Quoting Mr C
Hi, anyone that could help me, I am trying to upload a template it’s available when using my MT4 but when I searched the program files in the MT4 folder under templates it’s not there and my window is set to show all files even hidden ones is there a special way to save a template if you want to upload it.
Thanks,
PS: I noticed there are 2 template folders I already checked both of them.

Hi Mr. C
I don't post too much so I hope this is correct...
Look in your C:UsersyournameAppDataLocalVirtualStoreProgram Files...
There should be a Metatrader directory structure there... templates will be there.

Edir... I see that the slashes between the folder names are not appearing in my post...
Hope that helps...
  • #10,769
  • May 17, 2012 9:37am May 17, 2012 9:37am
Al - Interesting how the Coral correlates with the Kumo. Do you just use it as a visual S/R?
  • #10,770
  • May 17, 2012 9:55am May 17, 2012 9:55am
Quoting tomthepoppop
Al - Interesting how the Coral correlates with the Kumo. Do you just use it as a visual S/R?
And to determine trend by where it is in relation to 200MA
Observation is the path to discovery.
  • #10,771
  • May 17, 2012 10:17am May 17, 2012 10:17am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting Spidey
Hi Mr. C
I don't post too much so I hope this is correct...
Look in your C:UsersyournameAppDataLocalVirtualStoreProgram Files...
There should be a Metatrader directory structure there... templates will be there.

Edir... I see that the slashes between the folder names are not appearing in my post...
Hope that helps...
Obviously you did not just pull this out of your hat, start posting more...

step by step and there they are Thank you Spidey your the Man!
Of all the things I've lost I miss my mind the most .
  • #10,772
  • May 17, 2012 10:21am May 17, 2012 10:21am
Quoting Mr C
Obviously you did not just pull this out of your hat, start posting more...

step by step and there they are Thank you Spidey your the Man!

Mr. C, you're quite welcome.... thank YOU for your contributions to this great thread.
  • #10,773
  • May 17, 2012 10:25am May 17, 2012 10:25am
Al, on which timeframe do you usually use your Lorente Magic system?

Regards
Indicators always obey Price, not the other way.
  • #10,774
  • May 17, 2012 11:09am May 17, 2012 11:09am
There it is, .618 usdjpy.
"The more I practice the luckier I get." Gary Player
  • #10,775
  • May 17, 2012 11:26am May 17, 2012 11:26am
Quoting maxtrader
Al, on which timeframe do you usually use your Lorente Magic system?

Regards
Much, much better in M1.
Observation is the path to discovery.
  • #10,776
  • May 17, 2012 11:30am May 17, 2012 11:30am
Quoting Grins
There it is, .618 usdjpy.
Yes. Patience paid off. I´m not ready to buy this yet. I want to make sure it doesn´t break it.
Observation is the path to discovery.
  • #10,777
  • May 17, 2012 12:30pm May 17, 2012 12:30pm
Quoting Alorente
Yes. Patience paid off. I´m not ready to buy this yet. I want to make sure it doesn´t break it.

Are you talk about UJ ??

SCOTT-ibm

~~~~
Attached Image (click to enlarge)
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  • #10,778
  • May 17, 2012 12:38pm May 17, 2012 12:38pm
Quoting Alorente
Going back to the gap question. I just revisited the weekly data of the past 20 years very carefully. Since 1992 to the present, there have been 9 weekly gaps, not including the 2 in a row we just had. ALL OF THEM were closed: 4 were closed on the second week after the gap occurring. 1 was closed the 3rd week. 2 were closed on the 5th week and 1 was closed on the 7th week.

This shows first of all, how uncommon weekly gaps are. And we just had 2 in a row.
They act like Black Holes, magnetically pulling price towards them until they are closed.

So,...
Well dear master,

I feel like these gaps wont let you sleep @ night, if the EU candles of today will close as it is now ( bullish pinbar D1 ) @ 17.35 GMT I THINK THAT YOU GET YOUR GAPS CLOSED IN 1 OR 2 WEEKS and afterwards we will all go to sleep well @ night.

I'm signing off for tonight so good night everybody.
Attached Image (click to enlarge)
Click to Enlarge Name: eu d1 chart.jpg Size: 142 KB
Master Your Setup, Master Your self. (NQoos)
  • #10,779
  • May 17, 2012 1:18pm May 17, 2012 1:18pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting Alorente
Yes. Patience paid off. I´m not ready to buy this yet. I want to make sure it doesn´t break it.
Hi Al what time frame do you decide on with Fibs.

Thanks again,
Attached Image (click to enlarge)
Click to Enlarge Name: d1 usd jpy.gif Size: 39 KB
Of all the things I've lost I miss my mind the most .
  • #10,780
  • May 17, 2012 1:38pm May 17, 2012 1:38pm
What is going on with EUR/JPY it is going to Hell!! when will that rally stop?
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