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Extreme TMA System

  • #11,481
  • Jun 13, 2012 10:15am Jun 13, 2012 10:15am
(Bassramy, I think you must run this thread now, you seem calm like Al and knowledgeable.
Thanks for your efforts.
Basrramy
thanks for your posts!
you are trying!)

Guys,
Thank you all for your trust but this thread have a creator that is Alorente, we will all miss him and always be grateful for his wise inputs and Insights, i don't even dream of stepping in his shoes i will keep posting here and try to keep this thread running of course with you all and specially the vouched members.
Again thank you all.
Best Regards.
Master Your Setup, Master Your self. (NQoos)
  • #11,482
  • Jun 13, 2012 11:29pm Jun 13, 2012 11:29pm
heloo
has one TMA Slope with NRP alerts ?
  • #11,483
  • Jun 13, 2012 11:58pm Jun 13, 2012 11:58pm
Quoting jayjonbeach
That is a neat Indy. What is it based on, RSI or _____ ? Based on Daily, or Weekly?

Does it go in Experts>Indicators?

TIA
Yes, it goes to Experts>Indicators. It is not based on RSI. From looking into code I think it uses High & Low values for PERIOD_D1. But I'm not an expert in coding. I found that indicator somewhere but don't remember where.
  • #11,484
  • Edited 2:21am Jun 14, 2012 2:07am | Edited 2:21am
Our Daily Research Meeting :

Fundamentals :

http://www.bloomberg.com/news/currencies/
http://online.wsj.com/public/page/ne...s-trading.html
http://www.ft.com/intl/markets/currencies
http://www.dukascopy.com/swiss/engli...daily_overview

Summary :

-In the currency markets Yesterday, the euro gained ground against the U.S. dollar and Japanese yen for the second session in a row. However, there is much uncertainty over the fate of Greece as well as Spanish and Italian debt, so gains could be limited whilst we stay contained below the key 1.2625 resistance level in the EURUSD.
-The U.S. dollar lost ground to the Japanese yen yesterday on the back of worse-than-expect U.S. retail sales data. However, the greenback gained against some of the other majors like the British pound, Australian dollar and Canadian dollar.
-Spain and cyprus downgraded by Moody's.
-Dollar fell against most peers before US inflation report.
-Euro rangebound Ahead Of Weekend Greece Elections.

Calendar :The most important today

-Core CPI m/m
-Unemployment Claims

Emerging Pattern: Triangle

USD/CAD 1H Chart
The pattern started when the pair bounced from 1.0201 and after testing
resistance levels at 1.0352 and 1.0302 it has slowed down at 1.0284 where the
pair is currently trading. Pattern support and resistance lines intercept on 15th
June at the level of 1.0278. Indicators on aggregate do not suggest any clear
emerging trends on the 1H and 4H time horizons, but the Stochastic indicator on
the 1H time horizon points at a bull market outbreak. Current market sentiment
is 90/10 in favor for the bulls as well. Long traders could focus on the daily
resistance level at 1.0299. If this level is breached, next target could be at 1.0313.
Indicators on aggregate point at a bear market outbreak on the 1D time horizon.
Short traders could focus on the daily support level at 1.0267. If the pair
breaches this level, next possible target could be at 1.0252.

Daily Trading Wisdom :

"The trading rules I live by are: (a) Cut losses, (b) Ride Winners, (c) Keep bets small, (d) Follow the rules without question, and (e) Know when to break the rules."

Including Daily Trading Cartoons and important TA report for The day.

Thank you and have a wonderful trading day.
Attached Image
Attached File(s)
File Type: pdf TA 14.6.12.pdf   1.7 MB | 652 downloads
Master Your Setup, Master Your self. (NQoos)
  • #11,485
  • Edited 3:42am Jun 14, 2012 2:53am | Edited 3:42am
Possible long on GBP/USD H1

-Trix Bull Divergence
-PA rejection of the 200MA, bottom of D1 and H1 TMA Bands.
-PA @ the Bottom of H1
-Slope ranging and going up.
-H1 Band bullish, H4 turning upward and overall Trend turning up (H1 Band crossed H4 Band from below).
-Coral is above 200MA.
Wait for a Bullish Candle the next hour and all the previous rules should line up even better, of course this is all pending bad news (core US CPI and unemployment in 3 hours coming),using our previous fundamentals this should disappoint and that should give GBPUSD a bullish boost (all our Ducks are aligning).
This Analysis is done @ 10:45 GMT.
Update 11:00 GMT Candle closed blue (Bullish) i'm going long.
Attached Image (click to enlarge)
Click to Enlarge Name: gu h1.gif Size: 40 KB
Master Your Setup, Master Your self. (NQoos)
  • #11,486
  • Jun 14, 2012 3:52am Jun 14, 2012 3:52am
Quoting bassramy
Possible long on GBP/USD H1

-Trix Bull Divergence
-PA rejection of the 200MA, bottom of D1 and H1 TMA Bands.
-PA @ the Bottom of H1
-Slope ranging and going up.
-H1 Band bullish, H4 turning upward and overall Trend turning up (H1 Band crossed H4 Band from below).
-Coral is above 200MA.
Wait for a Bullish Candle the next hour and all the previous rules should line up even better, of course this is all pending bad news (core US CPI and unemployment in 3 hours coming),using our previous fundamentals this should disappoint and that should...
Good trade, 50 pip in your pocket if you don't oversized your TP.
Thanks for another lesson for everyone

Greetings.
  • #11,487
  • Jun 14, 2012 4:16am Jun 14, 2012 4:16am
bassramy http://www.forexfactory.com/images/buttons/viewpost.gif, do you live of trading?

BTW i am working on a Keiken Ashi that produce sounds when the candle changes (there is a version out there but VERY annoying that keeps beeping)

Also, congrats ncc74656
havent tried it yet but looks bloody great
  • #11,488
  • Jun 14, 2012 5:19am Jun 14, 2012 5:19am
Guys,
Core CPI m/m and Unemployment Claims in 10 Minutes Be Careful.
Good Luck.
Master Your Setup, Master Your self. (NQoos)
  • #11,489
  • Jun 14, 2012 5:28am Jun 14, 2012 5:28am
Quoting Nes
Good trade, 50 pip in your pocket if you don't oversized your TP.
Thanks for another lesson for everyone

Greetings.
My Limit Order is set 5 pips under Yesterday's High, i think that after the US news the price will overextend the Upper Band a little bit and hit the yesterday's high.

Greetings

As Expected the numbers missed the Forecast specially the Unemployment claims, let's wait and see the reaction.
Master Your Setup, Master Your self. (NQoos)
  • #11,490
  • Jun 14, 2012 5:41am Jun 14, 2012 5:41am
Here You are.
Attached Image (click to enlarge)
Click to Enlarge Name: New Picture (65).jpg Size: 130 KB
Master Your Setup, Master Your self. (NQoos)
  • #11,491
  • Jun 14, 2012 9:43am Jun 14, 2012 9:43am
Has anyone used this system on the m5 charts? Would you check the H1 charts instead of the H4 for the trend direction?
  • #11,492
  • Jun 14, 2012 4:29pm Jun 14, 2012 4:29pm
This isn't directly related to the TMA but I figured I would share this here since it does involve the trix.

Weekly divergence on the trix seems to without fail predict the following week's movement. It can be pretty substantial at times. Look at the marked points in the chart here. If you followed the signal, and traded accordingly for the week after, you would have had winning trades each time. This week may be the exception but it's not over yet. This might be a special case though because of the gap and it's inexorable gravitational force on price.
Attached Image (click to enlarge)
Click to Enlarge Name: weekly divergence.jpg Size: 135 KB
  • #11,493
  • Jun 15, 2012 12:23am Jun 15, 2012 12:23am
Quoting harvman5
Has anyone used this system on the m5 charts? Would you check the H1 charts instead of the H4 for the trend direction?
In this kind of situation you always do a top down analysis.

Investopedia explains 'Top-Down Analysis'
A day trader may first analyze daily or weekly charts to determine the asset's longer term trend, and strong support and resistance levels; and then move to a smaller time frame of charts, to determine a good entry point.

If your trading the M15 Timeframe start by looking @ the D1>H4>H1 and then the M15 Bands to pinpoint your entries.

BR.
Master Your Setup, Master Your self. (NQoos)
  • #11,494
  • Edited 6:31am Jun 15, 2012 1:59am | Edited 6:31am
Boys and Girls this is our Daily Research Meeting, Have Fun.

Fundamentals :

http://www.bloomberg.com/news/currencies/
http://online.wsj.com/public/page/ne...s-trading.html
http://www.ft.com/intl/markets/currencies

Summary :

-In the currency markets yesterday, the euro gained on the U.S. dollar on the back of news that central banks will be ready to take action if the Greek elections this Sunday cause turmoil in global markets.
-The U.S. dollar was lower against all the other majors today.
-The dollar and euro fell against the yen on Friday in Asia as Japanese exporters settled their accounts, while shorter-term investors stayed on the sidelines ahead of elections in Greece.
-Yen Gains Against Peers as BOJ Leaves Stimulus Unchanged Before G-20 Meet.
-EUR/USD
"A lot of the shorts on the euro are still being covered, but no one is making fresh euro longs ahead of Sunday. No one wants to take that risk."
- RBS Securities (based on CNBC)

Daily Calendar : Most important
US :
Prelim UoM Consumer Sentiment @ 1:55 GMT

Daily Trading Wisdom :

Risk-taking: Never test the depth of the river with both feet.
-Warren Buffet-

Have a great day guys.

My advice, close all your positions before the end of the day, the greek elections is a trend and game changing event we could see a gap in prices on monday so be careful.
Good luck.
Of course like always the disclaimer is: " Don't follow my lead i know nothing about Forex".

Daily Trading Cartoons Included.
Attached Image
Master Your Setup, Master Your self. (NQoos)
  • #11,495
  • Jun 15, 2012 4:06am Jun 15, 2012 4:06am
Bassramy, sorry to be repetitive, but do you trade for a living? cheers,
  • #11,496
  • Jun 15, 2012 4:24am Jun 15, 2012 4:24am
I'm gonna take a shot in the dark here and say this probably isn't a good weekend to have open trades.
  • #11,497
  • Edited 6:26am Jun 15, 2012 6:15am | Edited 6:26am
Quoting thewriter30
Bassramy, sorry to be repetitive, but do you trade for a living? cheers,
Not for Living i'm a small business owner ,but u can say that 30% of my income comes from trading, this side income goes to investment in less risky assets so my risk trading capital grows very slowly, i try to manage risk by diversification.
My portfolio is about 30% in my High risk assets ( Derivatives = Forex,Futures...) and 70% in much less risky ones ( Bonds,Cds,Cash,fixed income....)

Follow up on yesterday's GBP/USD Trade my target was hit half an hour ago with 140 Pips of 2 Mini lots.(i scaled in 1 mini lot today when the PA retested the bottom of the H1 band again this morning).

BR.
Master Your Setup, Master Your self. (NQoos)
  • #11,498
  • Edited 6:39am Jun 15, 2012 6:17am | Edited 6:39am
Quoting TheBrigadier
I'm gonna take a shot in the dark here and say this probably isn't a good weekend to have open trades.
You didn't read my summary specially the closing line in red, i sometimes feel that no one is reading it there is a very good stuff inside guys, u can't learn if you don't read.

-Prelim UoM Consumer Sentiment is in 18 Minutes.This is a major Event.
Jun. US University of Michigan Confidence (13:55) to weaken: The deteriorating stock market, uncertainty surrounding the Eurozone debt crisis and weakening labour market where Initial Jobless Claims disappointed once again yesterday are all likely explanations as to why consensus expects confidence to weaken in today's June preliminary report to 77.5, compared to May's 79.2. And this after May actually recorded the highest level since the Great Recession, and yet still finds itself below the average for expansions of 88.1.
Master Your Setup, Master Your self. (NQoos)
  • #11,499
  • Jun 15, 2012 6:51am Jun 15, 2012 6:51am
GBP testing resistance of the ascending triangle H1 already, traders are reacting for the consumer sentiment before the release.
UPDATE : CONSUMER CONFIDENCE IS DOWN.
Master Your Setup, Master Your self. (NQoos)
  • #11,500
  • Jun 15, 2012 1:04pm Jun 15, 2012 1:04pm


No, I read it. I was just being facetious with my "uncertainty."
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