Extreme TMA System | Page 576 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Hennis Extreme TMA System 105 replies

TMA Reality Tour 116 replies

Happs with TMA Trading Journal 25 replies

MTF TMA 287 replies

SnakeForce - simple TMA with alert? 3 replies

Attachments: Extreme TMA System
Exit Attachments

Extreme TMA System

  • #11,501
  • Jun 15, 2012 4:56pm Jun 15, 2012 4:56pm
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?
~~~~~~~~~~~~~

very sensentive to time and need to response fastly by human operation.

chart attached,

indic use :

TRIX, FXCX, TMACD, SLOPE , auto Fib, TL ~


Brs,

SCOTT-ibm / taiwan team

~~~~~~~~~~~~
Attached Image (click to enlarge)
Click to Enlarge Name: cad_mm_auto_fib_june_15_m5_test.gif Size: 47 KB
  • #11,502
  • Jun 16, 2012 10:47am Jun 16, 2012 10:47am
Quoting scott-ibm
~~~~~~~~~~~~~

very sensentive to time and need to response fastly by human operation.

chart attached,

indic use :

TRIX, FXCX, TMACD, SLOPE , auto Fib, TL ~


Brs,

SCOTT-ibm / taiwan team

~~~~~~~~~~~~
please post TMACD and FXCX Forex Trend of your chart ?
  • #11,503
  • Jun 17, 2012 1:08pm Jun 17, 2012 1:08pm
Quoting gtudor
please post TMACD and FXCX Forex Trend of your chart ?
~~
M5 chart @ 11501 post ~~

scott-ibm
  • #11,504
  • Edited 5:10am Jun 18, 2012 4:32am | Edited 5:10am
Our Daily Research Report

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 :

-Focus on Greece elections, the markets absorbed the Greek results and now the concerns start to build about the coming days of negotiations to form a government in Athens and we as traders can see this in the EURO price action this morning....
-G20 Meeting is all over the wires for this is a major event.
-"I don’t think the euro bounce is going to be long-lasting. The downside risks are considerable."
- Jose Wynne, Barclays Capital (based on CNBC)

Technical summary :

-As discussed and warned about here in this thread on friday, almost all the pairs opened with a GAP and are now closing it (9:30 GMT).

EUR/USD is well-placed for further gains.
The Euro has been strengthening for the last five trading days and
seems to be capable of additional appreciation, given that most of
daily indicators are bullish for EUR/USD. Accordingly, the currency
pair may advance up to 1.2936/99 in the medium tem, but should
be capped by this area in a longer term perspective. Supports, on
the other hand, are situated at 1.2660/31 and at 1.2532/15.

GBP/USD to challenge 1.5741/60.
Quick rally of the Cable on Friday has been halted by a resistance
zone at 1.5741/60, which is formed by an upper Bollinger band and
200 say SMA. Repeated attempts of GBP/USD to breach the area,
however, are expected to bring success and expose 1.5817/50, a
next major resistance. The overall outlook for the pair remains
bullish, while dips will be limited by 1.5667/24 and 1.5530.

USD/JPY bounces off 78.57/53.
After days of choppy sessions, USD/JPY now appears to be driven
by toughening bullish momentum following a strong rebound from
a downtrend support line at 78.57/53. At the moment the currency
couple is struggling at 79.09/17, but should soon overcome it, thus
paving the way towards attainment of even higher levels. The initial
resistance is at 79.67/83, reinforced by 80.03/27.

USD/CHF targets 0.9508/0.9497.
Support area at 0.9508/0.9497 did not manage to halt USD/CHF,
allowing it to aim for 0.9374/67. In case the latter level is violated
as well, the currency pair might return to its long-term uptrend
support line at 0.9280/46, where 100 and 200 day SMA are
currently situated as well. Nonetheless, after temporary weakness
of the U.S. Dollar relative to the Swiss Franc, the present trend
should be reversed, as suggested by monthly indicators.

Trade Pattern Ideas :

EUR/GBP 4H Chart, Emerging Pattern: Channel Up
EUR/GBP is continuing its recovery after reaching the lowest level this
year in mid-May and has formed a Channel Up pattern on the 4H chart.
The pattern has 66% quality and 63% magnitude in the 95-bar period.

Daily trading wisdom :

Successful traders know that discipline is what allows them to enter their trades when the odds are in their favor and,
more importantly, to get out when they’re wrong.
Being right is not the problem. What you do when you’re wrong is the crucial issue.

And the daily trading cartoon as usual.
Have a nice monday and a fresh start to your week !
Attached Image (click to enlarge)
Click to Enlarge Name: Greece Financial Crisis.jpg Size: 249 KB
Master Your Setup, Master Your self. (NQoos)
  • #11,505
  • Jun 18, 2012 4:36am Jun 18, 2012 4:36am
Quoting scott-ibm
~~~~~~~~~~~~~

very sensentive to time and need to response fastly by human operation.

chart attached,

indic use :

TRIX, FXCX, TMACD, SLOPE , auto Fib, TL ~


Brs,

SCOTT-ibm / taiwan team

~~~~~~~~~~~~
please post template with indicator for yous chart .please !
  • #11,506
  • Jun 18, 2012 5:25am Jun 18, 2012 5:25am
Thanks for the answer Bassramy. I know so few who live off this, and all legends (like Al,) but personally met no one. I guess it makes sense if the 5% statement holds true.
Thta puts me off somehow, not to know someone for real that lives of trading,,...and people with lots more experience than me (aka you) only trading 30% of their capital...there must be a reason
  • #11,507
  • Edited 10:04am Jun 18, 2012 6:13am | Edited 10:04am
Quoting thewriter30
Thanks for the answer Bassramy. I know so few who live off this, and all legends (like Al,) but personally met no one. I guess it makes sense if the 5% statement holds true.
Thta puts me off somehow, not to know someone for real that lives of trading,,...and people with lots more experience than me (aka you) only trading 30% of their capital...there must be a reason
Sir,

Allow me to express my opinion on this subject and elaborate, first of all i don't want to put you off, i strongly believe that if you have the will and determination than everything is achievable.
The problem is that most newbies think they do and when they are faced with the 1st,2nd and 3rd obstacle their will and desire fade away and that is human nature, we tend to love or endorse easy things in life and trading is not easy, its simple but not easy.

My take on the subject is you must first be educated enough to understand the large risks in trading, you must also gather information from other sources by communicating with people who are a few steps ahead of you and by reading as much as you can about the subject.

In trading, your inner self is revealed. Listen to your inner self and be conscious of how you react when your natural greed or fear try to take over. Most people have an inclination to want profits now that is stronger than the tendency to protect capital.
A written set of goals and a trading plan will remind you to control the imbalance of emotions. In the beginning, your expectations should be conservative and focused on defense.
The initial approach to day trading or trading at all is capital preservation and maximum learning. Your goals and trading plan must be geared toward this. Practice it on a daily basis until your defensive technique becomes an instinct. Your offense will come naturally as you learn to identify what can hurt you and to distinguish a good from a bad probability trade.

A word of caution for newbies, don't fell prey to the bucket shops who try to convince you that making money in trading, and specially in extra over leveraged Financial derivatives assets (Forex,futures and Options) is easy, there marketing campaigns is geared toward your greed of making quick money (get rich quick scheme) and they forgot to mention the negative effect of over leveraging, understand, i repeat understand that like all businesses one should pay a tuition with time, money and hard work to learn, tarding is not a casino or a charity, YOU HAVE TO PAY YOUR TUITION, understand this and you have made the first big step toward success.

BELIEVE ME, BEEN THERE DONE THAT and learned the hard way, don't repeat my mistakes at least if you believe me and understand what i'm saying.

Start here if you really, really want to learn and learn fast how to trade, they have an excellent program and its free, Steve is the Forex professor and he is my instructor too,he is Awesome as a person and as an instructor for beginners, bear in mind that this is a very serious and long course 12 weeks of university style teachings were you learn all the necessary skills to begin trading right to the smallest details of doing all the necessary calculations required by hand.

Thank you and good luck.
Master Your Setup, Master Your self. (NQoos)
  • #11,508
  • Jun 18, 2012 8:13am Jun 18, 2012 8:13am
buy silver and eurusd ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdm5.gif Size: 34 KB
Click to Enlarge Name: spm5.gif Size: 33 KB
  • #11,509
  • Jun 18, 2012 11:23am Jun 18, 2012 11:23am
I have been using this system on the H1 charts successfully for the past couple of weeks. I also have been using the HMA with alert indicator. It has an email alert & also enables me to use a tight stop loss.

I am in EST time zone so I check for possible setups before bed. I enable the email feature of the HMA on the pairs that look like possible setups. Currently I am in the EURJPY short and am +110 pips.

Please note I am newbie trader. I tried using the system on the M5 & M15 charts with mixed results. Since I switched to the H1 almost every trade has been profitable. The system seems to work very well with H1 charts.
Attached File(s)
File Type: ex4 HMA_withAlerts.ex4   6 KB | 601 downloads
  • #11,510
  • Jun 18, 2012 11:30am Jun 18, 2012 11:30am
any coder here? how to get upper band and lower band value of TMA Line using iCustom? help please..
  • #11,511
  • Jun 18, 2012 1:33pm Jun 18, 2012 1:33pm
Quoting johndomino
any coder here? how to get upper band and lower band value of TMA Line using iCustom? help please..
Inserted Code
TMA_Center_Line = iCustom(currency_pair,TimeFrame,"ExtremeTMALine",TimeFrame,56,PRICE_CLOSE,2.0,100,0.25,false,false,false,false,false, 0, 0);
TMA_Line_Low    = iCustom(currency_pair,TimeFrame,"ExtremeTMALine",TimeFrame,56,PRICE_CLOSE,2.0,100,0.25,false,false,false,false,false, 2, 0);
TMA_Line_High   = iCustom(currency_pair,TimeFrame,"ExtremeTMALine",TimeFrame,56,PRICE_CLOSE,2.0,100,0.25,false,false,false,false,false, 1, 0);
  • #11,512
  • Jun 18, 2012 2:58pm Jun 18, 2012 2:58pm
Could someone explain to me Sell Only TMA (Below -0.25) and Buy Only TMA (Above 0.25) situations?

Like on attached EURUSD M15 example yellow arrows were indicating possible long entry, at that time TMA Line was higher above the price than now on the image, TMA Slope was about -1 and -0.8 on last 2 arrows. It does say Sell Only which seems obvious.

1. Would it mean we can buy and take small profits about 10 pips?
2. Do we wait for situation I marked with pink arrows and go short although price is not above higher TMA Line?
3. Do we wait for price go above higher TMA hoping that slope will be between -0.25 and 0.25?
Attached Image (click to enlarge)
Click to Enlarge Name: 2012 06 18 eur usd.gif Size: 37 KB
  • #11,513
  • Edited 4:22pm Jun 18, 2012 4:00pm | Edited 4:22pm
Quoting beto21_cwb
Inserted Code
TMA_Center_Line = iCustom(currency_pair,TimeFrame,"ExtremeTMALine",TimeFrame,56,PRICE_CLOSE,2.0,100,0.25,false,false,false,false,false, 0, 0);
TMA_Line_Low    = iCustom(currency_pair,TimeFrame,"ExtremeTMALine",TimeFrame,56,PRICE_CLOSE,2.0,100,0.25,false,false,false,false,false, 2, 0);
TMA_Line_High   = iCustom(currency_pair,TimeFrame,"ExtremeTMALine",TimeFrame,56,PRICE_CLOSE,2.0,100,0.25,false,false,false,false,false, 1, 0);
i'll try it, thank u very much beto21_cwb
  • #11,514
  • Jun 18, 2012 4:40pm Jun 18, 2012 4:40pm
Quoting harvman5
I have been using this system on the H1 charts successfully for the past couple of weeks. I also have been using the HMA with alert indicator. It has an email alert & also enables me to use a tight stop loss.

I am in EST time zone so I check for possible setups before bed. I enable the email feature of the HMA on the pairs that look like possible setups. Currently I am in the EURJPY short and am +110 pips.

Please note I am newbie trader. I tried using the system on the M5 & M15 charts with mixed results. Since I switched to the H1 almost...
~~~~~~~~~~~~

Dear Harvman5 :

I test this HMA Indic, can not find any email alert , it only pop up a window and sound show alert to me ?

pic attached ~

SCOTT-ibm

~~~~~~~
Attached Image (click to enlarge)
Click to Enlarge Name: harvman-hma.gif Size: 25 KB
  • #11,515
  • Jun 18, 2012 4:58pm Jun 18, 2012 4:58pm
Quoting harvman5
I have been using this system on the H1 charts successfully for the past couple of weeks. I also have been using the HMA with alert indicator. It has an email alert & also enables me to use a tight stop loss.

I am in EST time zone so I check for possible setups before bed. I enable the email feature of the HMA on the pairs that look like possible setups. Currently I am in the EURJPY short and am +110 pips.

Please note I am newbie trader. I tried using the system on the M5 & M15 charts with mixed results. Since I switched to the H1 almost...
~~~~~~~~~~~
Dear Harvman5 :

may I know how to use " HMA " ??

Appreciated ~

SCOTT-ibm
~~~~
  • #11,516
  • Jun 18, 2012 5:56pm Jun 18, 2012 5:56pm
Quoting scott-ibm
~~~~~~~~~~~~

Dear Harvman5 :

I test this HMA Indic, can not find any email alert , it only pop up a window and sound show alert to me ?

pic attached ~

SCOTT-ibm

~~~~~~~
HMA_fxcx_test_Pic

~~~~~~~~~~~~~~
Attached Image (click to enlarge)
Click to Enlarge Name: cad_fxcx_h1_hma.gif Size: 21 KB
  • #11,517
  • Jun 18, 2012 7:36pm Jun 18, 2012 7:36pm
Scott,

When you right click the indicator under inputs.
  • #11,518
  • Jun 19, 2012 1:38am Jun 19, 2012 1:38am
Quoting scott-ibm
HMA_fxcx_test_Pic

~~~~~~~~~~~~~~
please post your indicator FXCX Forex Trend ? please
  • #11,519
  • Jun 19, 2012 2:06am Jun 19, 2012 2:06am
Quoting beto21_cwb
Inserted Code
TMA_Center_Line = iCustom(currency_pair,TimeFrame,"ExtremeTMALine",TimeFrame,56,PRICE_CLOSE,2.0,100,0.25,false,false,false,false,false, 0, 0);
TMA_Line_Low    = iCustom(currency_pair,TimeFrame,"ExtremeTMALine",TimeFrame,56,PRICE_CLOSE,2.0,100,0.25,false,false,false,false,false, 2, 0);
TMA_Line_High   = iCustom(currency_pair,TimeFrame,"ExtremeTMALine",TimeFrame,56,PRICE_CLOSE,2.0,100,0.25,false,false,false,false,false, 1, 0);
Do you know how to get TMA Slope value using iCustom?
  • #11,520
  • Jun 19, 2012 2:17am Jun 19, 2012 2:17am
Quoting bassramy
Sir,

Allow me to express my opinion on this subject and elaborate, first of all i don't want to put you off, i strongly believe that if you have the will and determination than everything is achievable.
The problem is that most newbies think they do and when they are faced with the 1st,2nd and 3rd obstacle their will and desire fade away and that is human nature, we tend to love or endorse easy things in life and trading is not easy, its simple but not easy.

A written set of goals and a trading pl
Thank you and good luck.
Hey Bassramy

thanks a lot for that. I feel less lonely now
I have been in an out for 5 years and have taken courses in the past and read (still reading) books, but I strongly believe the most important lesson cannot be taught...has to be learned the hard way (at least if you are anxious by default as i am)
True: trading gets your inner self out: Mine is an anxious SOB
But I am controlling the beast and one probe is that I am using a Demo (finally learned that lesson)

I already joined that link, but I am not sure I can attend if it is live since I am on Sydney Time. Also , if you could recommend a book for Forex (ideally sort of aligned with what was said before in this post) I will appreciate it .

My main issue is then anxiety, controlling that will give me an edge....

cheers
10 traders viewing now