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Extreme TMA System

  • #11,381
  • Jun 5, 2012 1:15am Jun 5, 2012 1:15am
Quoting Alorente
Hello friends,

Due to a change in my personal affairs, I will no longer be running this thread. I will check in from time to time to say hello. I thank you for the good times we´ve had in the past few months and I hope that together we have been able to improve our trading just a little bit. Good luck !
Al, You've done enough for this thread. I think everyone has learned a lot from you. Thank you again. Hope to see you again soon.
Wishing my last name were LESS
  • #11,382
  • Jun 5, 2012 1:20am Jun 5, 2012 1:20am
Al... although I am not one of the blind followers of any system it was a pleasure to read your thought. Don't be a stranger and share them with us whenever you manage to do so. Good luck with whatever you do.


Anybody keen on short of AUDUSD?


BR
  • #11,383
  • Jun 5, 2012 1:39am Jun 5, 2012 1:39am
Quoting Alorente
Hello friends,

Due to a change in my personal affairs, I will no longer be running this thread. I will check in from time to time to say hello. I thank you for the good times we´ve had in the past few months and I hope that together we have been able to improve our trading just a little bit. Good luck !
Al,

Sad that you have to leave, I hope that all is well for you and your family. Thank you for all that you and the others on this thread have taught me, your observations on currencies are very enlightening you have a true wealth of knowledge and are a great teacher.

And to all others please don't let this thread die.

All the best...Ted
  • #11,384
  • Jun 5, 2012 2:46am Jun 5, 2012 2:46am
Quoting xeroforex
And to all others please don't let this thread die.
For this, I have a question

I see the TMA-Slope is very important. So I'd like to understand it completely.
I know, what a slope is. But for slope you need a horizontal and a vertical distance. The vertical distance is clear, it's the difference in the values of the TMA not adjusted with ATR. But there is no horizontal distance.

I'd be really glad if someone could help me out!
  • #11,385
  • Jun 5, 2012 3:17am Jun 5, 2012 3:17am
Quoting 4xxxx
If you look carefully around the top right hand corner of your chart there is a little triangle; use your mouse curser to move the chart to the left.
Next save the template again and it will remember next time
cheers
4xxxx
Thanks mate, do you know how i can set the Display so that it is not overlapping with the other display on the right side?
  • #11,386
  • Jun 5, 2012 4:07am Jun 5, 2012 4:07am
changing the font size might help
  • #11,387
  • Jun 5, 2012 4:55am Jun 5, 2012 4:55am
Quoting handy148
changing the font size might help
I can change the TMA, ATR etc font size to 7, if it is any lower than that it is unreadable but it is still overlapping the Trix cross display. Where can i change the Trix Cross display size?
  • #11,388
  • Jun 5, 2012 5:01am Jun 5, 2012 5:01am
Quoting beto21_cwb
Federico, you're not doing anything wrong with the EA. During testing phase, I also noticed that some recovery trades were closed
very close to BE, but no exactly.

When I started to wonder why, I realized that maybe high volatility + spread could have influenced for the trade not closing exactly at BE.

You see, the EA checks (calculates) if BE was reached on every coming tick, and it sends the close orders to your broker to close the recovery positions. By the time the order gets there, the market has moved a little bit before closing all...
Hi Beto, thanks for the clear explanation. I will continue testing in demo account to make sure I get consistent results. I will let you know if this doesn't happen.

Kind regards
  • #11,389
  • Jun 5, 2012 5:47am Jun 5, 2012 5:47am
Quoting sandrutza
Our mentor Al may be gone, but I think we should keep the thread alive and keep posting new findings for everyone's benefit so others can try it too.

I want to bring to your attention a setup I have seen occur many times and that has kept me out of entering a trade too soon. I have on different occasions followed all the rules and entered when the price was testing a S/R Level, and HA was turning the right color.

For example, in the picture I posted below, one could have entered at the yellow arrow down (under R1), but price went higher...
Interesting notes and approach. I am also working on ways to try and avoid untimely early entries, will post what I am come up with.
  • #11,390
  • Jun 5, 2012 5:58am Jun 5, 2012 5:58am
Our Daily research Meeting,

Fundamentals FX Traders :
http://www.bloomberg.com/news/currencies
http://www.cnbc.com/id/15837548/cid/97220/sh/3
http://online.wsj.com/public/page/ne...s-trading.html
http://www.ft.com/intl/markets/currencies
http://www.dailyfx.com/

EUR:
-The fundamental question is relatively simple. Do our partners really want more Europe, or do they just want more German money."
(government official in Berlin)
-Central bank of China will continue buying Euro debt
-S&P 500 technical positioning is hinting at a corrective upswing ahead while the US Dollar chart setup continues to warn of a pullback in the days ahead.

Summary :
-The dollar correction lower is felt all over the board, better sentiment in Europe and rising speculation of a New QE3 were the drivers behind the stock Markets and consequently anti-dollar bull correction of currencies (Dollar to Correct Lower on QE3 Outlook, Bernanke Testimony in Focus).
- We are still keeping an eye on the JPY Pairs, there are consolidations and probably reversal signs on almost all the yen pairs, fundamentals are pointing @ them, technicals start to line up accordingly.

Calendar :
Heavy Calendar today keep your eye on important events before taking any trade.

Today's trading wisdom :
Success seems to be connected with action.
Successful people keep moving.
They make mistakes, but they don't quit.

Have a nice profitable day
Master Your Setup, Master Your self. (NQoos)
  • #11,391
  • Jun 5, 2012 6:56am Jun 5, 2012 6:56am
It is hard to hear that our mentor is leaving. Wish you best Mr Lorente
But hey, we can run this thread together.. just post setups, exchange opinions and teach each other
I'm not one of them but there is some PRO traders here, who can help from time to time.. They can always say: "You moron, you're doing everything wrong!"
For me successful setups is most important.. when you see same situation hundred times, you will know what you want to find in your chart..
So I attach my successful trade on eur/usd from last 2 days.. everything on jpg.

For everyone who know this system very well, I have question, why SLOPE is rising when price is falling like on my pic?

Have a nice day.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 05.06.2012.jpg Size: 240 KB
  • #11,392
  • Jun 5, 2012 7:15am Jun 5, 2012 7:15am
Quoting Nes
It is hard to hear that our mentor is leaving. Wish you best Mr Lorente
But hey, we can run this thread together.. just post setups, exchange opinions and teach each other
I'm not one of them but there is some PRO traders here, who can help from time to time.. They can always say: "You moron, you're doing everything wrong!"
For me successful setups is most important.. when you see same situation hundred times, you will know what you want to find in your chart..
So I attach my successful trade on eur/usd from last 2 days.. everything on...
This is Why,

Divergence Cheat Sheet
 by Vaughan Kilpatrick

It's about higher highs and lower lows. If you find them in price, but not in the oscillator, you have regular divergence. If you find them in the oscillator, but not in price, then it's hidden divergence.

Higher Highs => Short

Lower Lows => Long

 At first this seemed to me like the opposite of common sense, so I had to think about it for a while. I finally got it that it means when higher highs or lower lows in either price or an oscillator aren't confirmed by the other, then the direction indicated by the extremes, meaning the higher highs or lower lows, is weak and is likely to change.
If the higher highs or lower lows are in price but not the oscillator, then the direction of price is likely to reverse. This is regular, or classic divergence and can be used as a confirming indicator for a reversal entry.
Regular divergence describes a price trend change that will probably happen in the future, albeit shortly. On the other hand, hidden divergence is a confirming indicator of past price direction.
We have hidden divergence when we have higher highs or lower lows in the oscillator but not in price. In this case the direction indicated by higher highs or lower lows in the oscillator is contradicted by the price trend. Unlike regular divergence, where the weakness in price trend is about to lead to a reversal; here the weakness has already led to a little reversal against the trend. The hidden divergence implies that this recent little reversal in price direction will be short-lived and that price will resume moving in the direction of the trend. This is exciting because it can confirm a continuation entry, which is generally much less risky than a reversal entry. What you have here is the opportunity to enter on a pullback of the current trend, which you expect to continue based on this and whatever other indicators you choose. This is trading with the trend, nice and friendly; however, please heed the following warning.
Warning: I consider divergence to be an indicator, not a signal to enter a trade. It would be unwise to enter a trade basely solely on this indicator as too many false signals are given; however, on the other hand, I consider it even more unwise to trade against this indicator.


In your case (TMA Slope) :
Hidden Divergence:

  1. Lower highs in price and higher highs in the oscillator which indicate a confirmation of the price trend which is down.

  1. Higher lows in price and lower lows in the oscillator which indicate a confirmation of the price trend which is up.

Best Regards.


Master Your Setup, Master Your self. (NQoos)
  • #11,393
  • Jun 5, 2012 9:32am Jun 5, 2012 9:32am
Thanks bassramy, I'm grateful.
I understand first paragraph.. this divergence(on my eur/usd pic) idicate on continuation of this few days up trend.. but in second paragraph I think you made some mistake.. or I"m too stupid too understand..

"In your case (TMA Slope) :
Hidden Divergence:
Lower highs in price and higher highs in the oscillator which indicate a confirmation of the price trend which is down.
Higher lows in price and lower lows in the oscillator which indicate a confirmation of the price trend which is up."

It' shouldn't sounds like this:
Lower highs in price and higher highs in the oscillator which indicate a confirmation of the price trend which is up.
Higher lows in price and lower lows in the oscillator which indicate a confirmation of the price trend which is down.
?

because: Lower highs when trend is down - OK, but higher highs in the oscillator when trend is down - doesn't make sens to me.

In simlpe way - when price is up trending, and make some corection move down but SLOPE(in this case) is not falling and even rising it is indication that move up will be continue, right?

Anyway thanks a lot for answer.
Best regards.
  • #11,394
  • Jun 5, 2012 10:33am Jun 5, 2012 10:33am
Quoting Alorente
Hello friends,

Due to a change in my personal affairs, I will no longer be running this thread.
Thanks, Al, for your magnanimous contributions here. Your presence will be missed, for sure. I wish the best for you and your family.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #11,395
  • Jun 5, 2012 11:57am Jun 5, 2012 11:57am
Quoting Nes
Thanks bassramy, I'm grateful.
I understand first paragraph.. this divergence(on my eur/usd pic) idicate on continuation of this few days up trend.. but in second paragraph I think you made some mistake.. or I"m too stupid too understand..

"In your case (TMA Slope) :
Hidden Divergence:
Lower highs in price and higher highs in the oscillator which indicate a confirmation of the price trend which is down.
Higher lows in price and lower lows in the oscillator which indicate a confirmation of the price trend which is up."

It' shouldn't sounds...
I know that this kind of divergence is a little tricky to understand @ first even advanced traders find it hard to follow because its against the logic and reason.

Again :

We have hidden divergence when we have higher highs or lower lows in the oscillator but not in price. In this case the direction indicated by higher highs or lower lows in the oscillator is contradicted by the price trend. Unlike regular divergence, where the weakness in price trend is about to lead to a reversal; here the weakness has already led to a little reversal against the trend. The hidden divergence implies that this recent little reversal in price direction will be short-lived and that price will resume moving in the direction of the trend. This is exciting because it can confirm a continuation entry, which is generally much less risky than a reversal entry. What you have here is the opportunity to enter on a pullback of the current trend, which you expect to continue based on this and whatever other indicators you choose. This is trading with the trend, nice and friendly; however, please heed the following warning.
Warning: I consider divergence to be an indicator, not a signal to enter a trade. It would be unwise to enter a trade basely solely on this indicator as too many false signals are given; however, on the other hand, I consider it even more unwise to trade against this indicator.

Best Regards.
See Attached.
Attached File(s)
File Type: pdf Divergence Explained.pdf   564 KB | 3,326 downloads
Master Your Setup, Master Your self. (NQoos)
  • #11,396
  • Jun 5, 2012 12:12pm Jun 5, 2012 12:12pm
go well.
Attached Image (click to enlarge)
Click to Enlarge Name: er.PNG Size: 37 KB
  • #11,397
  • Jun 5, 2012 10:49pm Jun 5, 2012 10:49pm
Wow look at the shorts setting up on many of GBY & EUR pairs on the m15 charts.
  • #11,398
  • Jun 6, 2012 4:02am Jun 6, 2012 4:02am
Quoting bassramy
I know that this kind of divergence is a little tricky to understand @ first even advanced traders find it hard to follow because its against the logic and reason.

Again :

[font=Tahoma]We have hidden divergence when we have higher highs or lower lows in the oscillator but not in price. In this case the direction indicated by higher highs or lower lows in the oscillator is contradicted by the price trend. Unlike regular...
Thanks mate. Attached pdf explain everything
Best Regards.
  • #11,399
  • Jun 6, 2012 4:30am Jun 6, 2012 4:30am
Quoting Nes
Thanks mate. Attached pdf explain everything
Best Regards.
Most welcome i hope it cleared the situation, by the way apart from price action which in itself is not a leading signal or indicator, divergence is considered may be the only real leading indicator of where the price is heading in condition that we put it in context (know how to use it).

Best Regards.
Master Your Setup, Master Your self. (NQoos)
  • #11,400
  • Jun 6, 2012 4:53am Jun 6, 2012 4:53am
Our Daily Research meeting,

Fundamentals :

http://www.bloomberg.com/news/currencies/
http://www.cnbc.com/id/15837548/cid/97220/sh/3
http://online.wsj.com/public/page/ne...s-trading.html
http://www.ft.com/intl/markets/currencies
http://www.dailyfx.com/

Summary :

-Everybody is waiting for the ECB Rate decision in 2 hours from now.
-Were still in the same last days scenario sentiment is Dollar Bear, bull for anti dollar currencies Gold and silver, of course keep in mind that this is a short term perspective the long term is still bear anti-dollar currencies specially the EURO.
-Euro rate decision can be a game changer with lot of volatility so be careful .
-Australia cuts rate amid growth fears and Surges after Blowout 1Q GDP Print.
-Yen gains on haven demand.
-Euro Gains Amid Expectations for ECB Easing.

Calendar :
Heavy today with the ECB rate decision and the press conference, beige book and 2 FOMC members speaks, US oil inventories and revised non farm productivity q/q, German Industrial Production m/m in 10 minutes.

Daily trading wisdom :
"Experience is that marvelous thing that enables you recognize a mistake when you make it again. -Paul Dickson "
Master Your Setup, Master Your self. (NQoos)
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