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Extreme TMA System

  • #11,881
  • Jul 13, 2012 3:18am Jul 13, 2012 3:18am
Quoting bulent
Hello,
I start to short USD CHF 0.9858 first and ı am waiting but ı want to understand
H1 TMA SLOPY +0.34 ( rule shoult be - right???)
H4 TMA SLOPY +0.77 ( rule shoult be - right???)
H1 and H4 Price upper two bant ( rule this is okey)
Could you tell something?
Regards.
Bülent.
I don't know why are you starting to short the swissy, are the rules been met ?
Is it because i started to build my shorts ?
Trust only you one analysis, play by the rules and you end up a winner.
By the way the rules haven't been met to go short, and yes i started to short the Swissy but this is a whole different story.

Best Regards.
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #11,882
  • Jul 13, 2012 3:25am Jul 13, 2012 3:25am
Quoting thewriter30
My Eu JPY entered bloody Level 4 recovery. No likely to return to B/E any time this century, but who knows?
Anyway, still waiting for wise words on recovery. anybody on Level 4 ever?
I was wondering, ALorente never got to Level 4 ever.... that tells me he never entered a trade like this , such a stupid trade so to speak...but i did so i want to knwo what to do ideally

cheers
Im lvl 3 on EJ. But im very confident it will go back up and touch the opposite 4hr band.Probably long it one ore time and get out BE.
  • #11,883
  • Jul 13, 2012 3:27am Jul 13, 2012 3:27am
Quoting billv
bassramy
Why would you trade against the trend?
cheers
Bill
I don't trade against the trend ( well maybe sometimes when i have a 80-90 % probabilities on my side).
As per the above i only Pointed out to the actual opportunities in the markets i didn't recommend to trade them, its the contrary i mentioned those against the trend to give you a heads up so u won't be confused.

Anyway and like always trust your own judgment and analysis.

Regards.
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #11,884
  • Jul 13, 2012 3:29am Jul 13, 2012 3:29am
Quoting handy148
By pure chance I came across an old S&R indi of yours - do you still use it ??
Yep always.
Master Your Setup, Master Your self. (NQoos)
  • #11,885
  • Jul 13, 2012 3:40am Jul 13, 2012 3:40am
Quoting bassramy
I don't know why are you starting to short the swissy, are the rules been met ?
Is it because i started to build my shorts ?
Trust only you one analysis, play by the rules and you end up a winner.
By the way the rules haven't been met to go short, and yes i started to short the Swissy but this is a whole different story.

Best Regards.
B.R.
Dear Sir,
Thanks to your information.
Best Regards.
Bülent.
  • #11,886
  • Jul 13, 2012 4:25am Jul 13, 2012 4:25am
Italy sells 4.5% 2015 bond at 4.65% vs 5.3% on June 14
Good for EURO.
Master Your Setup, Master Your self. (NQoos)
  • #11,887
  • Jul 13, 2012 5:21am Jul 13, 2012 5:21am
Quoting thewriter30
My Eu JPY entered bloody Level 4 recovery. No likely to return to B/E any time this century, but who knows?
Anyway, still waiting for wise words on recovery. anybody on Level 4 ever?
I was wondering, ALorente never got to Level 4 ever.... that tells me he never entered a trade like this , such a stupid trade so to speak...but i did so i want to knwo what to do ideally

cheers
Your agony is about to end soon.

Regards.
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #11,888
  • Jul 13, 2012 5:32am Jul 13, 2012 5:32am
Quoting bassramy
Your agony is about to end soon.

Regards.
B.R.

Hi.

I trust you (we) were right about this. I could drag on for days... My EUR trade based on h4/D1, so it has plenty of space to breathe, but it's getting annoying. I'm stuck with about 10-30 pips down ATM.

BR
  • #11,889
  • Jul 13, 2012 5:37am Jul 13, 2012 5:37am
Quoting bassramy
These are the Pairs that I'm looking @ right now, it needs a lot of patience but these are definitely next week scheduled trades, we will wait and see.

-AUDUSD Long against the developing bearish trend .
-GBPAUD Long,
-AUDCHF short,
-GBPJPY Long,
-GBPCHF Short,
-GBPUSD Long against the trend,
-EURJPY Long against the trend,
-EURAUD Long probably bottoming against the trend,
-EURGBP Long against the trend, EURUSD Long against the trend,
-USDCHF Short against the trend,
-GOLD Long.

Best Regards.
B.R.
Dear Sir,
I am learning alot for you. Iwould like to ask GBP JPY why to buy? ı am looking H1 chart.
1- H1 TMA SLOPY -0.42
2- H4 TMA SLOPY -0.37
3- D1 TMA SLOPY -0.31
Could you help me understand to rule.?
Best Regards.
Bülent.
http://www.forexfactory.com/attachme...1&d=1342175781
Attached Image (click to enlarge)
Click to Enlarge Name: gbp jpy.gif Size: 24 KB
  • #11,890
  • Jul 13, 2012 5:58am Jul 13, 2012 5:58am

< 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 :

EUR/USD remains bearish
“As long as the door is open to QE3, it is difficult to see an environment where the dollar can prove materially and sustainably strong. Accordingly, we continue to expect the euro to trend lower, but avert a collapse”
- Scotiabank (based on CNBC)

GBP/USD to challenge 1.5403/1.5385
“The prognosis for the UK is not a very good one, and only thing saving the pound so far is it's not the euro”
- Baring Asset Management (based on Reuters)

USD/JPY targets 79.17/03
“The BOJ sees no need now for more aggressive actions. However, it is likely that with the government tightening fiscal policy, political pressures remain on the BOJ to ease further in the coming months”
- Brown Brothers Harriman (based on MarketWatch)

USD/CHF to face 0.9890/0.9906
“The risks to global growth are tilted to the downside. There’s still some support for the yen and dollar”
- Scotiabank (based on Bloomberg)

 Summary :

- Crude Oil, Gold Rise as Risk Appetite Corrects Higher into Week-End
-SNB Moves to Counter Franc Demand
-Dollar at Risk as Neutral China GDP Opens Door for Sentiment Recovery
-SNB Moves to Counter Franc Demand
-Dollar index hits two-year high

Commentary :
In the currency markets yesterday, the U.S. dollar gained ground again versus the euro as the EURUSD moved to a new two-year low.The Japanese yen was also strong yesterday as worries about slowing global growth worked to increase the desire for safe-haven currencies.
The Australian dollar lost significant ground to the U.S. dollar yesterday on the back of a disappointing number from a closely watched employment report.
Other Markets:
In the U.S. markets yesterday, stocks lost more ground on the back of warnings in the
technology sector. However, stocks were able to pare losses via a rally in Procter & Gamble, which worked to support the Dow.
The Dow dropped 31.26 points, or 0.25 percent, the S&P 500 dropped 6.69 points, or 0.50 percent, and the Nasdaq lost 21.79, or 0.75 percent.
-Nial Fuller-


Daily Calendar : Upcoming important economic announcements,3 numbers to watch: Italian bond yields, US PPI & UoM Confidence .

Daily Trading Wisdom :

"I think the secret is cutting down the number of trades you make. The best trades are the ones in which you have all three things going for you: fundamentals, technicals, and market tone".
 -Michael Marcus-

Daily Trading Cartoons : - Barclays

Thanks Guys and Good Luck in your trading.
(Disclaimer : Don't Trust me or follow my lead i know nothing about the Financial Markets.)
Attached Image
Master Your Setup, Master Your self. (NQoos)
  • #11,891
  • Edited 6:26am Jul 13, 2012 6:00am | Edited 6:26am
Quoting tp0440
hi.

I trust you (we) were right about this. I could drag on for days... My eur trade based on h4/d1, so it has plenty of space to breathe, but it's getting annoying. I'm stuck with about 10-30 pips down atm.

Br
we, all of us not i.

B.r.
Master Your Setup, Master Your self. (NQoos)
  • #11,892
  • Jul 13, 2012 6:08am Jul 13, 2012 6:08am
Quoting bulent
Dear Sir,
I am learning alot for you. Iwould like to ask GBP JPY why to buy? ı am looking H1 chart.
1- H1 TMA SLOPY -0.42
2- H4 TMA SLOPY -0.37
3- D1 TMA SLOPY -0.31
Could you help me understand to rule.?
Best Regards.
Bülent.
http://www.forexfactory.com/attachme...1&d=1342175781Attachment
Dear bulent.

Again, (it needs a lot of patience but these are definitely next week scheduled trades, we will wait and see) the rules are not met yet wait, wait for your Ducks to line up and play by the book when you don't have a lot of experience trading this system yet..
The Rules are on the first page read them well t'il it become second if not first nature.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #11,893
  • Jul 13, 2012 6:22am Jul 13, 2012 6:22am
EJ, GJ.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej h1 chart.jpg Size: 105 KB
Click to Enlarge Name: gj h1 chart.jpg Size: 108 KB
Master Your Setup, Master Your self. (NQoos)
  • #11,894
  • Jul 13, 2012 6:36am Jul 13, 2012 6:36am
@bulent: A comment to Bassramy's chart, especially EURJPY: there you can see TMA slope going up and price going down. This by itself is indicating, something is "wrong".

We could likely see short term burst down, but a major move up should happen soon. In next days by the latest if there will not be some catastrophical news on EUR.

Still, note: fx is a play of biggest chances. NOTHING is certain.

BR
  • #11,895
  • Jul 13, 2012 7:46am Jul 13, 2012 7:46am
This is called divergence a strong one.
Both are trending down on D1 one more than the other, if u go long it will be definetly against the trend, if you have the patience wait for the long correction to be over and then short @ the upper H4 band you will be putting the odds or probabilities in your favor.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #11,896
  • Jul 13, 2012 7:54am Jul 13, 2012 7:54am
Quoting bassramy
EJ, GJ.
hei, bassramy, i'm new in forex and i just try this method.. it works well.. but it seem to many indicator and i'm too confused..
your chart is most clean and not confusing..
may i get the template..?
i hope you can PM me..
very much thank you..
  • #11,897
  • Jul 13, 2012 8:11am Jul 13, 2012 8:11am
Quoting Air Wing
hei, bassramy, i'm new in forex and i just try this method.. it works well.. but it seem to many indicator and i'm too confused..
your chart is most clean and not confusing..
may i get the template..?
i hope you can PM me..
very much thank you..
Its all on the first page.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #11,898
  • Jul 13, 2012 8:51am Jul 13, 2012 8:51am
I think this could be one of the problems.

Bassramy has kindly taken over which someone needed to do. However, he has clearly moved it on a notch or two which I'm sure Al, Crodz and others would have also done. Bassramy template will not be the same as that on page one as I remember reading that he has increased the ATR from what Al was using and maybe some other things as well. So whereas before we were all using an identical template, now we are not. Anyway full credit to Bassramy for the continued improvement to the system - everyone is free to do the same.
  • #11,899
  • Jul 13, 2012 8:54am Jul 13, 2012 8:54am
- Prelim UoM Consumer Sentiment In 2 Minutes.

Actual Forcasted Previous

72.0 73.5 73.2http://www.forexfactory.com/images/m...us_revised.gif
Master Your Setup, Master Your self. (NQoos)
  • #11,900
  • Jul 13, 2012 9:19am Jul 13, 2012 9:19am
Quoting bassramy
Dear bulent.

Again, (it needs a lot of patience but these are definitely next week scheduled trades, we will wait and see) the rules are not met yet wait, wait for your Ducks to line up and play by the book when you don't have a lot of experience trading this system yet..
The Rules are on the first page read them well t'il it become second if not first nature.

Regards,
B.R.
Dear Sir
Bravoooo gbp jpy is up you are the best..
Regards.
Bülent
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