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Extreme TMA System

  • #11,521
  • Jun 19, 2012 3:57am Jun 19, 2012 3:57am
Quoting thewriter30
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...
Maybe attachment would help.
Attached File(s)
File Type: pdf mental_fitness_for_traders[1].pdf   757 KB | 689 downloads
  • #11,522
  • Jun 19, 2012 4:34am Jun 19, 2012 4:34am
Quoting ncc74656
Do you know how to get TMA Slope value using iCustom?
Inserted Code
Current_Slope = iCustom(currency_pair,TimeFrame, "TmaSlope.v1.5 Normalized","",TimeFrame, 0,0,0,0,false,"",0,0,0,0,0,false,"",0,0,0,0,0,56,0.25,-0.25,100,White,0,0,0,0,0,0,0,0,6,0);

Previous_Slope = iCustom(currency_pair,TimeFrame, "TmaSlope.v1.5 Normalized","",TimeFrame, 0,0,0,0,false,"",0,0,0,0,0,false,"",0,0,0,0,0,56,0.25,-0.25,100,White,0,0,0,0,0,0,0,0,6,1);
  • #11,523
  • Jun 19, 2012 5:41am Jun 19, 2012 5:41am
Hi beto, has there been any update on the recovery EA lately? Actually i had some problems due to system crash. Pls reply
  • #11,524
  • Edited 7:57am Jun 19, 2012 7:22am | Edited 7:57am
Quoting thewriter30
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...
i have in my class 8 students from down under who follow our course i don't know about your timing but they are following every session Steve can send you the records if you want or maybe you can join the Saturday class , i don't know I'm sure you can figure it out , going to take the class now , ciao.
Master Your Setup, Master Your self. (NQoos)
  • #11,525
  • Edited 8:42am Jun 19, 2012 7:44am | Edited 8:42am
Quoting Jnr6or
Hi beto, has there been any update on the recovery EA lately? Actually i had some problems due to system crash. Pls reply
Are u sure your MT4 crashes because of the Recovery EA ? I have used successfully on live and demo trades across different Forex brokers.

I'm working with Mike to implement the Margin Level, but that's all. I have not had too much time to spend on programming, which requires a high level of patience, commitment and focus.
  • #11,526
  • Jun 19, 2012 7:55am Jun 19, 2012 7:55am
Quoting gtudor
please post your indicator FXCX Forex Trend ? please
fxcx indic post
Attached File(s)
File Type: ex4 FXCX Forex Trend.ex4   4 KB | 856 downloads
  • #11,527
  • Jun 19, 2012 8:01am Jun 19, 2012 8:01am
Quoting ncc74656
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...
Dear sir,

All the rules are on the first page and they explain everything and answers all your questions.
Master Your Setup, Master Your self. (NQoos)
  • #11,528
  • Jun 19, 2012 8:26am Jun 19, 2012 8:26am
Quoting scott-ibm
fxcx indic post
thanks
  • #11,529
  • Jun 19, 2012 9:03am Jun 19, 2012 9:03am
Quoting bassramy
i have in my class 8 students from down under who follow our course i don't know about your timing but they are following every session Steve can send you the records if you want or maybe you can join the Saturday class , i don't know I'm sure you can figure it out , going to take the class now , ciao.

Hi BR, how many weeks have you completed on this course.

Thanks for the link, I am going to try and enrol for July. I have never had any formal training, maybe this will help a consistent loser improve.
Vandag is die dag.....
  • #11,530
  • Edited Jun 20, 2012 2:18am Jun 19, 2012 10:11am | Edited Jun 20, 2012 2:18am
Quoting Leokira
Hi BR, how many weeks have you completed on this course.

Thanks for the link, I am going to try and enrol for July. I have never had any formal training, maybe this will help a consistent loser improve.
We are @ week 10 and believe me you won't regret it, you will learn from a world class enthusiastic trader and the course will turn your trading world and beliefs upside down for what is Steve is preaching is the real deal of trading no BS added.

P.S. He is not selling you anything and that in itself is a bonus.
Master Your Setup, Master Your self. (NQoos)
  • #11,531
  • Edited 2:47pm Jun 19, 2012 2:07pm | Edited 2:47pm
Going long on the gbpchf on the H1: 1.4875
tp 1.4950

1. H4 positive
2. H1 slope is .14 & rising
3. 200 sma is support
4. Blue candle started to form
5. trix switched to green

Possible upcoming shorts on the EURJPY, CHFJPY, & CADJPY.
  • #11,532
  • Jun 19, 2012 4:26pm Jun 19, 2012 4:26pm
Quoting gtudor
please post your indicator FXCX Forex Trend ? please
FXCX Forex Trend repaints as do other indicators in this thread. For example you may see blue bars above zero which will change to red bars below zero a few bars later. Which is OK if your strategy works but, you can't back test or base future signals on what is shown in the past on your charts. You can only test your strategy for present conditions to see if it works. In short be careful when using repainting indicators.
  • #11,533
  • Jun 19, 2012 4:46pm Jun 19, 2012 4:46pm
Quoting scott-ibm
HMA_fxcx_test_Pic

~~~~~~~~~~~~~~
HMA_fxcx_HA_test


scott-ibm

~~~~~~~~
Attached Image (click to enlarge)
Click to Enlarge Name: hma_ha_fxcx_eur_test_h1.gif Size: 27 KB
  • #11,534
  • Jun 19, 2012 5:19pm Jun 19, 2012 5:19pm
Scott,

When using the HMA indicator I change the period to 15 for a betterr entry. I only use the HMA for the email notification (which goes to my phone) when I am away from the computer. I use Al's rules on post #1 to enter trades while at the computer.
  • #11,535
  • Edited 11:30pm Jun 19, 2012 6:31pm | Edited 11:30pm
ncc74656


Thanks for that, will read it, and YES my issue is my brain not my trading systems (or at least my main issue, as do many other traders I suppose)


So Bassramy, you are a teacher yourself? interesting. I cannot attend a course that it's in US timezone, since I am in Sydney. I contacted the people of the link you sent me but seems this courses are live. You are a teacher working for them?

If the classes are recorded I could give it a try. I live I can't see this working. I work like an idiot in an office everyday...

How much are these courses?
  • #11,536
  • Jun 20, 2012 12:47am Jun 20, 2012 12:47am
Quoting gcgman
FXCX Forex Trend repaints as do other indicators in this thread. For example you may see blue bars above zero which will change to red bars below zero a few bars later. Which is OK if your strategy works but, you can't back test or base future signals on what is shown in the past on your charts. You can only test your strategy for present conditions to see if it works. In short be careful when using repainting indicators.
Thanks!
  • #11,537
  • Edited 4:57am Jun 20, 2012 2:37am | Edited 4:57am
Quoting thewriter30
ncc74656


Thanks for that, will read it, and YES my issue is my brain not my trading systems (or at least my main issue, as do many other traders I suppose)


So Bassramy, you are a teacher yourself? interesting. I cannot attend a course that it's in US timezone, since I am in Sydney. I contacted the people of the link you sent me but seems this courses are live. You are a teacher working for them?

If the classes are recorded I could give it a try. I live I can't see this working....
Dear Sir,

No i'm not a teacher with this company and i'm not affiliated with them in anyway, and surely i'm not trying to sell you anything in anyway, in case u didn't notice i mentioned FREE several times, but if u must know i'm a student in this FREE course like i said.
Please accept my apologies if i sounded a little enthusiastic i was trying to HELP YOU in case u didn't notice, the thing is that in my 9 years of trading i never seen a FREE detailed course of this quality, again sorry for that.

[This is a small part of the promotional Email that they sent me last week :

Now the BEST part!
At (The company's Name), our belief in quality and comprehensive trader education is unsurpassed. In-fact, we are so committed to this we offer standard course enrollment F-R-E-E of charge to those who pre-enroll prior to our early bird deadlines! Seats for the upcoming semester are limited and will be reserved on a first-come, first-served basis. In short, do not delay!]

Good luck in your life and best regards.
Master Your Setup, Master Your self. (NQoos)
  • #11,538
  • Jun 20, 2012 3:13am Jun 20, 2012 3:13am
Quote
Please accept my apologies if i sounded a little enthusiastic i was trying to help, the thing is that in my 9 years of trading i never seen a FREE detailed course of this quality, again sorry for that.
Well I say thanks! I signed up and will start classes next month. I know they hope we use their services in the future, but this seems really awesome and throrough, especially for no cost . thanks for mentioning it!
  • #11,539
  • Edited 5:29am Jun 20, 2012 3:39am | Edited 5:29am
Guys 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 :

-Expect a lot of Fed Decision volatility today.
-Feds are likely to withhold QE3 and that means USD strength.
-Euro’s Greek honeymoon short-lived, EURO slides on Spanish high Bond yields.
-The yen strengthened against the dollar and the euro Wednesday in Asia as Japanese exporters and institutional investors bought the Japanese unit
-EUR/USD
"Given that long-term Spanish yields are already above 7 percent, if rates rise further at the auction tomorrow, it may cast doubts over the country’s funding ability."
IG Markets Securities Ltd (based on Bloomberg)

Technicals :

EURUSD air’s Outlook
EUR/USD continues to bounce off an accelerated uptrend support
despite the pair dipping occasionally and thus constantly shaking
the view the price is able to advance further. While an initial
resistance is located at 1.2743, the first considerable level is likely
to be encountered at 1.2800/20, followed by an even more
formidable area that stretches from 1.2881 to 1.2984.

GBPUSD : Pair's Outlook
Step by step GBP/USD is inching higher in an attempt to erode
1.5757/80, which in turn is reinforced by a tough resistance zone at
1.5817/48 and is not expected to give in easily. As soon as the latter
area is penetrated, the Cable will then be able to target 1.6192. In
the meantime, supports at 1.5667/05 and 1.5533/30 will be halting
near-term dips, thereby securing pairs’ bullish outlook.

USD/JPY : Pair’s Outlook
USD/JPY is still struggling with a resistance zone at 79.02/19 and
seems to be in need of an additional try in order to climb over it.
Accordingly, the currency couple is likely to pull back for now,
sliding down to 78.53 or 78.04/00, where it will regain bullish
momentum and challenge the area once more. Once it is
overcome, subsequent levels at 79.67/76 and 80.00/03 will be
targeted next.

USD/CHF : Pair’s Outlook
Support at 0.9508/0.9497 was unable to withstand bearish
pressure, allowing the currency pair to fall precipitously. Most of
daily indicators suggest further bearish development, while
aggregate monthly bias is a buy signal. Therefore USD/CHF is
anticipated to step lower to 0.9387/67 or even 0.9280/54 prior to a
long-term recovery.

Daily Calendar : The Most important even today

Of Course FOMC @ 6:00 PM GMT Time.

Daily Trading Wisdom :

Discipline means designing, testing, and following your trading system.
-Dr Alexander Elder -

Have a great day guys.

Daily Trading Cartoons :
Attached Image
Master Your Setup, Master Your self. (NQoos)
  • #11,540
  • Edited 4:34am Jun 20, 2012 3:43am | Edited 4:34am
Quoting odellcash
Well I say thanks! I signed up and will start classes next month. I know they hope we use their services in the future, but this seems really awesome and throrough, especially for no cost . thanks for mentioning it!
They didn't mention anything about using anything related or affiliated to their company but of course one could fairly be logical and expect them to at least offer us some kind of services, and to tell you the truth from someone who almost finished the course the advantages outweigh by million Pips the Disadvantages IF there's any.

My opinion, for newbies start from there before you EVEN look at any chart, we go up the stairs one by one and from the bottom up not the opposite.

Best Regards.
Master Your Setup, Master Your self. (NQoos)
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