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Extreme TMA System

  • #11,401
  • Jun 6, 2012 5:01am Jun 6, 2012 5:01am
This is the trade that you should take German Industrial Production m/m down -2.2% sell EURO NOW
Master Your Setup, Master Your self. (NQoos)
  • #11,402
  • Jun 6, 2012 5:06am Jun 6, 2012 5:06am
Dollar Index and the DAX Enjoy.
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Master Your Setup, Master Your self. (NQoos)
  • #11,403
  • Jun 6, 2012 6:50am Jun 6, 2012 6:50am
ECB Monetary policy decision
http://www.forexfactory.com/attachme...1&d=1338983155 From ecb.int
http://www.forexfactory.com/images/misc/news_quote.gif At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1.00%, 1.75% and 0.25% respectively. The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 2.30 p.m. CET today.
Master Your Setup, Master Your self. (NQoos)
  • #11,404
  • Jun 6, 2012 6:58am Jun 6, 2012 6:58am
Just For info or fun,
Guys who like to trade Long term on D1, A/U is making a (Trader Vic’s 2B pattern), good luck trading it.
Attached Image (click to enlarge)
Click to Enlarge Name: au d1 chart.jpg Size: 144 KB
Attached Image
Master Your Setup, Master Your self. (NQoos)
  • #11,405
  • Jun 6, 2012 7:27am Jun 6, 2012 7:27am
Quoting Nes
...For everyone who know this system very well, I have question, why SLOPE is rising when price is falling like on my pic?...
The slope you are pointing to is the slope of the TMA line indi (overlaid in purple below), and if you look at the chart below, you'll see that it is indeed rising, and beginning to flatten, just like the TMA slope indicates. They are rising and falling together, so => no divergence.

While the price is rising, however, the TRIX is falling. Price trending up sharply, TRIX trending down slightly, so => divergence.
Attached Image (click to enlarge)
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The mind thinks, the heart knows...
  • #11,406
  • Jun 6, 2012 7:34am Jun 6, 2012 7:34am
Draghi sees outlook subject to increased downside risks.
Master Your Setup, Master Your self. (NQoos)
  • #11,407
  • Jun 6, 2012 8:04am Jun 6, 2012 8:04am
It is my hope that the people practicing the application of this strategy continue to post their thoughts and set ups. At the top of my list is KumoDragon who has applied this tool with very good results.

Lee
"The more I practice the luckier I get." Gary Player
  • #11,408
  • Jun 6, 2012 8:36am Jun 6, 2012 8:36am
First I want to thank Ever E. Man, your post was very helpful.

My simple way to increase your skills is: to post your trading plan with this system. Basically - what we looking for before the trade, which is most of the time successful. I know that maybe someone write post like this before, but system changed and maybe someone kindly tell my what I do wrong or what I can do better.
So lets start point out:
1. SLOPE: < -0.25 or > 0.25? on H1, 4H and 1D. where is trend? or maybe price is ranging? SLOPE is rising or falling? decysion -> long or short? always with trend.
2. TMA channels: PA below or above TMA? where is TMA channels relative to each other on 1H, 4H and 1D?
3. 200MA and Coral: location on different time frames
4. Classic TA: Fibo, trend lines, S/R
5. trend lines on RSI, divergences, sometimes TMA center line with 12MA

Trigger: HA color change, Trix color change - of course when everything above is match.

3 smal positions.

SL - recovery - never counter trend.
TP - 1 on +40, 2 on + 60 or + 80(depend on ATR), 3 when price is exhausted.

I'm watching at 1H and 4H, from time to time on 1D and 1W. trigger on 1H or 15M.

All comments are welcome
Best regards.
  • #11,409
  • Jun 6, 2012 8:40am Jun 6, 2012 8:40am
Quoting Grins
It is my hope that the people practicing the application of this strategy continue to post their thoughts and set ups. At the top of my list is KumoDragon who has applied this tool with very good results.

Lee
Once a gentlemen always a gentlemen thank you for the comment, Sir i do agree 100% with you.
Guys using this strategy please, please enlighten us with your entries and exit and specialty with your MRM (Money and Risk Management) tactics.

With all Respect.
Bass
Master Your Setup, Master Your self. (NQoos)
  • #11,410
  • Jun 6, 2012 9:54am Jun 6, 2012 9:54am
Quoting Grins
It is my hope that the people practicing the application of this strategy continue to post their thoughts and set ups. At the top of my list is KumoDragon who has applied this tool with very good results.

Lee
Got +49 on a EU long this morning 15M. Waited until it hit 1.2450 after going past TMA & then the trix color change. Like clockwork hit the other side of the TMA and rebounded.

Now I'm thinking of a short for EU, already spiked long, just a bit. Waiting on the trix cross though, as the candles are now in the middle of the TMA. I prefer trades to be entered past the extreme of the TMA or at least right on it. So, I might not take this short. Havn't decided yet.
  • #11,411
  • Jun 6, 2012 10:00am Jun 6, 2012 10:00am
Quoting Nes
First I want to thank Ever E. Man, your post was very helpful.

My simple way to increase your skills is: to post your trading plan with this system. Basically - what we looking for before the trade, which is most of the time successful. I know that maybe someone write post like this before, but system changed and maybe someone kindly tell my what I do wrong or what I can do better.
So lets start point out:
1. SLOPE: < -0.25 or > 0.25? on H1, 4H and 1D. where is trend? or maybe price is ranging? SLOPE is rising or falling? decysion -> long or...
All the rules you need are in the #1 post. Read that while looking at charts until you understand it. I'm doing pretty well with it and just following those rules for the 15M.

Patience is key. If you want to short you must first wait for price to rise past the top TMA extreme channel line. And the numbers must line up, And you must get the final signal. (trix and or HA color change)

The thing that makes this work well is that you are waiting for price to go to an extreme point before entering. This can put things in your favor as price usually retraces from there to the other TMA line.

The further price spikes past the TMA the better chance the trade has.
  • #11,412
  • Jun 6, 2012 10:10am Jun 6, 2012 10:10am
Worth Checking out but be patient.Nice divergence on RSI Too.
Attached Image (click to enlarge)
Click to Enlarge Name: au h1 chart.jpg Size: 168 KB
Master Your Setup, Master Your self. (NQoos)
  • #11,413
  • Jun 6, 2012 10:20am Jun 6, 2012 10:20am
Quoting bassramy
Worth Checking out but be patient.Nice divergence on RSI Too.
Ya, but the numbers for 15M is "Buy ONly." On my chart 31, so if it falls a bit in the numbers it would be a range trade per the rules.

P.S. I'm acidently already in AU, as I mistook another pairs numbers for AU's. I would not have entered has I looked at the right numbers. Right now I'm -13 pips on AU.

If you look on higher time frame AU, bounced off of 9900 before. Hoping it does that now, but looking more like its going to pop that to hit stops up there.

EU, looks like it could be setting up for a short, price is approaching the top TMA again on 15m after rebounding from the middle.
  • #11,414
  • Jun 6, 2012 10:32am Jun 6, 2012 10:32am
Can anybody help me wit the recovery EA? Or how to get it. I've already looked around but could not fined it. Pls help.....
  • #11,415
  • Edited 12:08pm Jun 6, 2012 10:51am | Edited 12:08pm
Quoting Nes
First I want to thank Ever E. Man, your post was very helpful.

My simple way to increase your skills is: to post your trading plan with this system. Basically - what we looking for before the trade, which is most of the time successful. I know that maybe someone write post like this before, but system changed and maybe someone kindly tell my what I do wrong or what I can do better.
So lets start point out:
1. SLOPE: < -0.25 or > 0.25? on H1, 4H and 1D. where is trend? or maybe price is ranging? SLOPE is rising or falling? decysion -> long...
Hi Nes, sorry if this has been discussed, how do you read and trade the ATR?
  • #11,416
  • Edited 11:38am Jun 6, 2012 11:07am | Edited 11:38am
[quote=KumoDragon;

EU, looks like it could be setting up for a short, price is approaching the top TMA again on 15m after rebounding from the middle. [/quote]

Always good to see you here, my eyes are on eurusd as well, watching candles.

Lee

edit; 1.2625 is an important level for eurusd, it could run this high.
"The more I practice the luckier I get." Gary Player
  • #11,417
  • Jun 6, 2012 11:17am Jun 6, 2012 11:17am
Quoting Jnr6or
Can anybody help me wit the recovery EA? Or how to get it. I've already looked around but could not fined it. Pls help.....
http://www.forexfactory.com/showthre...40#post5615140

Lee
"The more I practice the luckier I get." Gary Player
  • #11,418
  • Jun 6, 2012 1:12pm Jun 6, 2012 1:12pm
hello anyone can help me and tell if the recovery comes out ea the red words from the upper right we see the happy face of the ea know if it works out correctly? thanks and greetings
Attached Image (click to enlarge)
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  • #11,419
  • Jun 6, 2012 1:32pm Jun 6, 2012 1:32pm
USDJPY is on my watch list for a short.

Lee
"The more I practice the luckier I get." Gary Player
  • #11,420
  • Jun 6, 2012 1:34pm Jun 6, 2012 1:34pm
Quoting Xabier
hello anyone can help me and tell if the recovery comes out ea the red words from the upper right we see the happy face of the ea know if it works out correctly? thanks and greetings
You need to enter the ticket number of the position you want to run recovery on, it's the number that is usually the furthest left in the trade window.

Lee
"The more I practice the luckier I get." Gary Player
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