Extreme TMA System | Page 602 | 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

  • #12,021
  • Jul 24, 2012 2:51am Jul 24, 2012 2:51am
Quoting Trainman
Hello Al and TMA users,

Are you experiencing heavy CPU load when multiple copies of ExtremeTMALine are running at once? Crosshair cursor moving in a sticky, jerky fashion? Computer fan blowing a lot of hot air? As I am allergic to inefficient software I redesigned the code to reduce CPU resource use. This fast implementation uses less than 1% of the CPU cycles of the original indicator, while retaining all of the functionality.

One change that I made actually does modify the function of the original very slightly. The original indicator...
Trainman,

With both the old and the new indis, I am only able to show 3 TMA time frames on a chart. Is there a way to show more TFs? I would like to be able to show 15M, H1, H4, D1 and W1.

Right now, when I add the fourth Fast TMA Line indi, it doesnŽt show beyond 3 TFs.

Thanks for your help.
Observation is the path to discovery.
  • #12,022
  • Jul 24, 2012 2:53am Jul 24, 2012 2:53am
Quoting Tess1
Can you people just please post your template picture with the new fastlinetma installed and lets see how it looks like. Thanks guyz.
Visually it's identical to ExtremeTMALine.
Sure I have a trading plan. Buy low. Sell high. What's yours?
  • #12,023
  • Jul 24, 2012 3:02am Jul 24, 2012 3:02am
Welcome master we miss u.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #12,024
  • Jul 24, 2012 3:04am Jul 24, 2012 3:04am
Quoting Trainman
Hello Al and TMA users,

Are you experiencing heavy CPU load when multiple copies of ExtremeTMALine are running at once? Crosshair cursor moving in a sticky, jerky fashion? Computer fan blowing a lot of hot air? As I am allergic to inefficient software I redesigned the code to reduce CPU resource use. This fast implementation uses less than 1% of the CPU cycles of the original indicator, while retaining all of the functionality.

One change that I made actually does modify the function of the original very slightly. The original indicator...
Thank you Sir for your work, we really appreciate it.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #12,025
  • Jul 24, 2012 3:07am Jul 24, 2012 3:07am
Quoting bassramy
Welcome master we miss u.

Regards,
B.R.
I miss you guys also. IŽll be contributing more to the thread again.
Observation is the path to discovery.
  • #12,026
  • Jul 24, 2012 3:16am Jul 24, 2012 3:16am
Trainman,

I have vouched for you and added your name to the Hall of Fame on post 1. Thanks a lot for your great contribution with the Fast TMA Line indicator.
Observation is the path to discovery.
  • #12,027
  • Jul 24, 2012 3:18am Jul 24, 2012 3:18am
Quoting Trainman
Visually it's identical to ExtremeTMALine.
I can confirm this.

But more interesting.... based on news and situation, I'd expect a much sharper decline or continuation of fall on EUR, also AUD, GBP, DAX....
Are we near bottom? Do we have big buys prinintg dollars and buying EUR and stocks in the background??

I warned about this already, this time with explanation. H4 TMA is still quite bullish. Mathematically this means, that sideways movement for a while could support current PA on about levels we have now even on pairs, which should still fall (like AUDUSD). This would than support current EUR levels, which are almost "ripe" for long even on h4 (for a while now). What the result could be, you know for yourself. But just to be clear about my thought: currently a lot of traders is still long on EUR for example. So, more persuation is needed to convince majority, EUR will fall more. Double bottom or something allong the line is very likely. But than I'd really be expecting bull to take over, but should be supported by fundamentals also. Bad news apparently don't affect PA anymore, they seems to be calculated into current price levels.

Thoughts?

BR
  • #12,028
  • Jul 24, 2012 3:28am Jul 24, 2012 3:28am
Quoting billv
BR

But what made you think that USDCHF will come down when EURCHF are holding hands and EUR is falling like a stone?
Or were you thinking of GBPCHF?

cheers
Bill
I Trade what i see, @ that time speculation on QE3 was all over the news and Swissy was showing strong bearish sentiment, H1 crossed H4 and D1 bands down and heading south and i still think that Swissy will correct down at the least possible positive high beta currencies news, we can't fight nature and logic, this is how the markets and PA works .
I don't know about you guys but i really firmly believe in the concept of currencies average ranges, the range will expand by 10 % -20 % more in the case of strong anti currencie news or events but in the end PA nature will prevail and PA will return to his normal logical course and sometimes with a vengeance.

Something else, i don't beleive in 100 % correlation between pairs cause every country has her unique fundamentals even with most correlated pairs there is always 10 % - 30 % change in PA, Its not true that if one pair goes in a certain way that the other will necessarily follow or the opposite, this is my observations after reading the tape for a long time.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #12,029
  • Jul 24, 2012 3:38am Jul 24, 2012 3:38am
Quoting tp0440
Caution: you are short AUDUSD. If EURUSD will close gap, AUDUSD should close it also.

BR
Not necessarily so and we will together watch this an take all the conclusions from it and learn.
I Strongly agree with AL when he said that gaps are like magnets, and even if the Euro closed the gap i didn't say that he will continue in a bullish move, like i said earlier in another post, I'm long term Euro bearish but the trend seems exhausted and in this case a minor rallies is normally expected and when this happen i will fade the rally.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #12,030
  • Jul 24, 2012 3:38am Jul 24, 2012 3:38am
The reaston I decided to give TMA a chance as a system was, it correlated closely to my thinking, that extreme price deviations must statistically seen, return to median, otherwise median is simply not median anymore. Also, balances of power (contries) shift, but not as fast as PA on forex. So this again means, extreme pricedeviations are consequence of news and are short lived compared to economies itself. So basically, I do agree with what you stated.

Still, there are corelation between currencies, but in no case, correlation is 100%. Perhpas 70% or so, not more with the exception of EURUSD and USDCHF, which move like 95% in the opposite direction.

BR
  • #12,031
  • Jul 24, 2012 3:40am Jul 24, 2012 3:40am
Here is my weekly chart of EurUsd going back to 1998. I expect price to drop to the confluence of the red channel with the dashed blue trendline at 1.12. This point also coincides with the Fibonacci channel line (Solid blue).
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd weekly.jpg Size: 151 KB
Observation is the path to discovery.
  • #12,032
  • Jul 24, 2012 3:43am Jul 24, 2012 3:43am
Quoting Alorente
I miss you guys also. IŽll be contributing more to the thread again.
That's excellent news and congratulations for your marriage hope everything is fine.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #12,033
  • Jul 24, 2012 3:44am Jul 24, 2012 3:44am
Here is the AudUsd weekly chart. The TMA is weekly. I expect a drop to the Red dashed horizontal line at 0.9350 and later a test of the White long term trendline in the 0.70Žs
Attached Image (click to enlarge)
Click to Enlarge Name: audusd weekly.jpg Size: 102 KB
Observation is the path to discovery.
  • #12,034
  • Jul 24, 2012 3:44am Jul 24, 2012 3:44am
Quoting Alorente
Trainman,

With both the old and the new indis, I am only able to show 3 TMA time frames on a chart. Is there a way to show more TFs? I would like to be able to show 15M, H1, H4, D1 and W1.

Right now, when I add the fourth Fast TMA Line indi, it doesnŽt show beyond 3 TFs.

Thanks for your help.
Nothing that I changed would have any effect on that. MT4 bug or Memory limitations maybe? I tried it on my system, but I can get five FastTMALine indicators of different TFs to plot on the same chart at once. The only issue I have observed is that W1 seems to be flaky, it plots okay on Daily and sometimes H4 charts, but not at lower TFs.
Sure I have a trading plan. Buy low. Sell high. What's yours?
  • #12,035
  • Jul 24, 2012 3:46am Jul 24, 2012 3:46am
Quoting bassramy
For ur info nice setups to look into, Cable, Kiwi and Lonnie .
Closed Cable short with nice profit, still in Aussie short.
Of Course it needs patience like always, wait for the rules to line up.

Regards,
B.R.
very good chart you posted here, but one question : arrows on the graph are made ​​automatically?
  • #12,036
  • Jul 24, 2012 3:47am Jul 24, 2012 3:47am
Quoting tp0440
The reaston I decided to give TMA a chance as a system was, it correlated closely to my thinking, that extreme price deviations must statistically seen, return to median, otherwise median is simply not median anymore. Also, balances of power (contries) shift, but not as fast as PA on forex. So this again means, extreme pricedeviations are consequence of news and are short lived compared to economies itself. So basically, I do agree with what you stated.

Still, there are corelation between currencies, but in no case, correlation is 100%. Perhpas...
This is due to the SNB intervention as we all know.
Master Your Setup, Master Your self. (NQoos)
  • #12,037
  • Jul 24, 2012 3:52am Jul 24, 2012 3:52am
@Al.

Congratulations on your marriage. I wish you and your partner a lot of joy and happines and welcome back.


With regards to chart: yes, this is likely the long term scenario which will take months. But I'm an intraday trader. So, I'm more interested in h1 perspective, h4 and d1 to confirm major trend.

BR
  • #12,038
  • Jul 24, 2012 3:55am Jul 24, 2012 3:55am
Quoting gtudor
very good chart you posted here, but one question : arrows on the graph are made ​​automatically?
I think bassramy uses the indicator I am including below.
Attached File(s)
File Type: ex4 arrow.ex4   9 KB | 918 downloads
Observation is the path to discovery.
  • #12,039
  • Jul 24, 2012 3:57am Jul 24, 2012 3:57am
Quoting tp0440
@Al.

Congratulations on your marriage. I wish you and your partner a lot of joy and happines and welcome back.


With regards to chart: yes, this is likely the long term scenario which will take months. But I'm an intraday trader. So, I'm more interested in h1 perspective, h4 and d1 to confirm major trend.

BR
I am a day trader also, but I only trade in the direction indicated by the weekly chart. In the case of EurUsd and AudUsd I only trade short. UsdCad only long.
Observation is the path to discovery.
  • #12,040
  • Jul 24, 2012 3:57am Jul 24, 2012 3:57am
Big Al..... what is the correct setting for ATR multiplier? 2 or 3?

Your old setup was using 3 but that FastTMAline from Trainman is using 2
Lets make some green pips
4 traders viewing now