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Extreme TMA System

  • #11,781
  • Jul 4, 2012 9:07am Jul 4, 2012 9:07am
Quoting bassramy
GBP will find strong support on the 200 SMA and the lower H1 band before continuing his move to the upper H4 Band which is near, this pair is in long term up trend.
We are still monitoring the suggested trades yesterday to get in as soon as the rules apply and adding Gold and silver as potential shorts but needs a little patience too gold is in long term up trend but who knows.

Thank you for your patience and discipline.
B.R.
Is GU going for a long fall?
************************* Knowledge is an endless research
  • #11,782
  • Jul 4, 2012 9:22am Jul 4, 2012 9:22am
Quoting Tess1
Is GU going for a long fall?
Read the later post well to know my point of view, if we believe in the principle of elasticity of the Extreme TMA system GU should correct back up to the upper H4 band anytime now, he is a little bit under the 200 SMA and @ the lower level of the H1 Band.
Master Your Setup, Master Your self. (NQoos)
  • #11,783
  • Jul 4, 2012 12:59pm Jul 4, 2012 12:59pm
slope_as strengh wave H4
Attached Image (click to enlarge)
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  • #11,784
  • Jul 4, 2012 2:00pm Jul 4, 2012 2:00pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting scott-ibm
slope_as strengh wave H4
next picture
Attached Image (click to enlarge)
Click to Enlarge Name: NB.1.gif Size: 42 KB


For those interested in the entire system everything is in the first post including indicators templates and booklets.
PC,
http://www.forexfactory.com/showthread.php?t=308304
Of all the things I've lost I miss my mind the most .
  • #11,785
  • Jul 4, 2012 2:57pm Jul 4, 2012 2:57pm
Thanks for the link to the legendary Nanning Bob thread.

Try as I may though I couldn't get a template that looks anything like yours - shows what my computer skills are like. Still I'm getting better cos I don't need the manual to switch it on any more.
  • #11,786
  • Jul 4, 2012 6:16pm Jul 4, 2012 6:16pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting handy148
Thanks for the link to the legendary Nanning Bob thread.

Try as I may though I couldn't get a template that looks anything like yours - shows what my computer skills are like. Still I'm getting better cos I don't need the manual to switch it on any more.
It not my template it's a picture from the same nannigbob pdf as posted above me I thought some people might be interested in the system with all the templates and indicators and lots to read also.
PC,
Of all the things I've lost I miss my mind the most .
  • #11,787
  • Jul 4, 2012 6:33pm Jul 4, 2012 6:33pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
I have 2 theories; it will either go up or come down…
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD11.png Size: 115 KB
Of all the things I've lost I miss my mind the most .
  • #11,788
  • Jul 5, 2012 3:32am Jul 5, 2012 3:32am
AUDUSD is making the turn just to let you know.
Attached Image (click to enlarge)
Click to Enlarge Name: au h1.gif Size: 36 KB
Master Your Setup, Master Your self. (NQoos)
  • #11,789
  • Jul 5, 2012 5:02am Jul 5, 2012 5:02am

The Ramy 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
http://www.dailyfx.com/

Technicals :

-S&P 500 Chart Setup Warns of Coming Selloff as US Dollar Drifts Higher.
-Dollar Steady Ahead of Rebound in Liquidity, NFP Countdown.
-US_Dollar_Classic_Technical_Report_07.05.2012.

-EUR/USD pierced through 1.2584/66
“The market looks primed for a 25 basis point cut by the
ECB, but something more like a liquidity injection would be
needed to lift the euro”
- RBS (based on CNBC) -

-GBP/USD to recover from 1.5536
“U.K. PMI services for June was a really weak number.
There's bigger chance the BoE will do 75 billion”
- Lloyds (based on Reuters)

-USD/JPY gravitates towards 79.58/32
“BoJ Governor Shirakawa reiterated the upbeat
assessment that exports and factory output are picking
up, suggesting the BoJ sees little need to deliver additional
monetary stimulus at next week’s BoJ meeting ”
- RBC Capital (based on MarketWatch)

-USD/CHF targets 0.9628/59
“The ECB and BoE will most likely restart easing but since
these outcomes are largely priced in, the U.S. employment
report on Friday should be the greater risk event”
- Brown Brothers Harriman (based on MarketWatch)

Summary :

-European Central Banks Need to Over-Deliver to Boost Risk Appetite.
-Euro dips ahead of ECB rate decision.
-BOE is expected to revive its bond-buying stimulus program in an effort to breathe new life into the U.K.'s ailing economy as it struggles to shrug off slowing growth in the euro area.
-Investors hope for more economic stimulus.
-Analysts widely expect the ECB to respond to downbeat economic data with an interest-rate cut when it announces its monthly monetary policy decision at 1145 GMT Thursday.

Daily Calendar :

 What a calendar today and tomorrow. Major events is scheduled Go to FF calendar to see it.

Daily Trading Wisdom :

-"So many people want the positive rewards of being a successful trader without being willing to go through the commitment and pain. And there's a lot of pain. - Bill Lipschutz, as quoted in The New Market Wizards, by Jack Schwager "

Daily Trading Cartoons : - Stock Markets.

Thanks Guys and Good Luck in your trading.

-Disclaimer : " This is not a trading advice, so don't follow my lead i know nothing about the Financial Markets ".
Attached Image
Master Your Setup, Master Your self. (NQoos)
  • #11,790
  • Jul 5, 2012 6:35am Jul 5, 2012 6:35am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
I uploaded the wrong picture should have been a shot of a buy stop & sell stop setup with a small break even the sell activated then broke even.

PC,
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Of all the things I've lost I miss my mind the most .
  • #11,791
  • Jul 5, 2012 6:48am Jul 5, 2012 6:48am
Quoting bassramy
AUDUSD is making the turn just to let you know.
Bassramy, what is happening to this AU?
************************* Knowledge is an endless research
  • #11,792
  • Edited 1:57pm Jul 5, 2012 7:54am | Edited 1:57pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
People say you can’t make money with “forex” only $397.00



PC
Attached Image
Of all the things I've lost I miss my mind the most .
  • #11,793
  • Jul 5, 2012 8:39am Jul 5, 2012 8:39am
Quoting Tess1
Bassramy, what is happening to this AU?
That's called news effect.

Either don't trade in prime news time or be ready to take quick profits or turn arround your position in a second. Or be paitent and do what system tells you to do in appropriate time. Monitor PA in at least 2-3 different time frames in such time: higher for general perspective and very short one for swift reactions.

Whoever followed the input was able to get nice pips on DAX and simmilar today. Twice. Still I warn again: indexes are more difficult to handle.

BR
  • #11,794
  • Jul 5, 2012 8:47am Jul 5, 2012 8:47am
Quoting Tess1
Bassramy, what is happening to this AU?
See this beautiful calendar which i pointed out today in my daily report.

From one side you have an Australian economy which is making excellent growth and a US economy which is sluggish growth and Europe which in recession.

U do the math, and to help you do this i attached some Charts for u to see .
Attached Image(s) (click to enlarge)
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Master Your Setup, Master Your self. (NQoos)
  • #11,795
  • Edited 9:11am Jul 5, 2012 9:00am | Edited 9:11am
For the record i took profit on EU and UC and waiting for my shorts AU, EJ , Gold, Silver to hit my targets (All already in profit) and waiting for all my ducks to lineup on the lower H4 band of the GBPUSD to go long.

2 Central banks cuts Rate and 1 increase asset purchase ( ECB and China central Bank, BOE increases Asset Purchase Programme by £50 billion)
Euro should dive GBP should Rise = short EURGBP see pic attached.

Best Regards.

The Bottom Line: Central Bankers are Worried
Attached Image (click to enlarge)
Click to Enlarge Name: eg h1.jpg Size: 138 KB
Master Your Setup, Master Your self. (NQoos)
  • #11,796
  • Edited 9:31am Jul 5, 2012 9:17am | Edited 9:31am
Christe, If I'd only have time to trade full time...

I only took DAX, DJI, EURUSD and gold for a ride south. Profit will pay for a little vacation at sea...
  • #11,797
  • Jul 5, 2012 9:36am Jul 5, 2012 9:36am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
My broker sucks today price freezing all the time anyone else I mean worst then I ever seen over the last 2 years with smart trade , I have been only averaging 60 pips a day this week so decided to do some yard cleaning and be happy with today’s catch another 64 pips.
PC,
Attached Image (click to enlarge)
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Of all the things I've lost I miss my mind the most .
  • #11,798
  • Jul 5, 2012 9:41am Jul 5, 2012 9:41am
Quoting bassramy
For the record i took profit on EU and UC and waiting for my shorts AU, EJ , Gold, Silver to hit my targets (All already in profit) and waiting for all my ducks to lineup on the lower H4 band of the GBPUSD to go long.

2 Central banks cuts Rate and 1 increase asset purchase ( ECB and China central Bank, BOE increases Asset Purchase Programme by £50 billion)
Euro should dive GBP should Rise = short EURGBP see pic attached.

Best Regards.

The Bottom Line: Central Bankers are Worried...
EU was settled in the middle of 1hr channel... Why were you short on eu?
  • #11,799
  • Jul 5, 2012 2:07pm Jul 5, 2012 2:07pm
Quoting grechmar
EU was settled in the middle of 1hr channel... Why were you short on eu?
Yes, why were you short?
  • #11,800
  • Jul 5, 2012 2:39pm Jul 5, 2012 2:39pm
For me, it's a mixture of fundamental and technical reasons:
- drop of interest rate means more moeny. More money means it's worth less
- good US data
- h4 and h1 targets were not yet reached on TMA
- price was bellow h4 itchi and touched it. Actaully good reason to (re)enter at the time mild trend - down
- MACD down
- Stoch down
- Confluence between different time frames
- Confluence between pairs
- etc.

Perhaps not the clearest of signals, but plenty of reason for being bearish.

BR
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