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Extreme TMA System

  • #12,041
  • Jul 24, 2012 4:08am Jul 24, 2012 4:08am
Quoting gtudor
very good chart you posted here, but one question : arrows on the graph are made ​​automatically?
I was expecting someone to take notice of this, this is my latest addition to the system.
I'm experimenting with an RSI cross indicator with arrows, i'm not deleting the regular RSI yet but this one give me a more visible and objective signal on the chart and eliminate all subjectivity than the regular one, i'm also experimenting with another RSI on another system and another platform we will see what happen and let you all know.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #12,042
  • Jul 24, 2012 4:11am Jul 24, 2012 4:11am
Quoting 4rx
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
I use 2 for all TF´s.
Observation is the path to discovery.
  • #12,043
  • Jul 24, 2012 4:12am Jul 24, 2012 4:12am
Quoting bassramy
I was expecting someone to take notice of this, this is my latest addition to the system.
I'm experimenting with an RSI cross indicator with arrows, i'm not deleting the regular RSI yet but this one give me a more visible and objective signal on the chart and eliminate all subjectivity than the regular one, i'm also experimenting with another RSI on another system and another platform we will see what happen and let you all know.

Regards,
B.R.
Can you post your RSI/Arrows indi? I´d like to try it for a while. Thanks.
Observation is the path to discovery.
  • #12,044
  • Jul 24, 2012 4:19am Jul 24, 2012 4:19am
Quoting tp0440
with the exception of EURUSD and USDCHF, which move like 95% in the opposite direction.
BR
Hi TP
Thanks for your example. This tells me that EURCHF is barely moving and if EUR falls there is HIGH probability that CHF will fall as well so correlation in this instance is very important and we should be careful not to trade these 2 pairs together
IMHO
Have a nice day
  • #12,045
  • Jul 24, 2012 4:19am Jul 24, 2012 4:19am
Quoting Alorente
I use 2 for all TF´s.
Thanks Al...

changing all my templates to 2 now
Lets make some green pips
  • #12,046
  • Jul 24, 2012 4:27am Jul 24, 2012 4:27am
Quoting Alorente
Can you post your RSI/Arrows indi? I´d like to try it for a while. Thanks.
Yes Master, these are the two RSI's that i'm playing with.
Attached File(s)
File Type: mq4 RSI5-3EMA_MTF, 1H .mq4   9 KB | 1,015 downloads
File Type: mq4 Divergence Petr.mq4   65 KB | 949 downloads
Master Your Setup, Master Your self. (NQoos)
  • #12,047
  • Jul 24, 2012 4:28am Jul 24, 2012 4:28am
Quoting billv
Hi TP
Thanks for your example. This tells me that EURCHF is barely moving and if EUR falls there is HIGH probability that CHF will fall as well so correlation in this instance is very important and we should be careful not to trade these 2 pairs together
IMHO

EurChf has a peg set to 1,20 (exchange rate is fixed by Swiss Central Bank).
Don't mix EURCHF and EURUSD & USDCHF!!

EurChf is for a while now not tradable due to peg. EURUSD and USDCHF are contra corelated, although USDCHF normally makes less pips and is a bit smoother. That's why I said it's 95% contra corelated, not 100%.

BR
  • #12,048
  • Jul 24, 2012 4:31am Jul 24, 2012 4:31am
Ur very welcome back big Al, i surely missed u too, hope u had a wonderful time?
  • #12,049
  • Jul 24, 2012 4:32am Jul 24, 2012 4:32am
Quoting Alorente
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.
Interesting safety measure. I do the same with h4 / D1 is possible, excepct if there is a very good signal on h1. To use weekly for this purpose is for me a bit extreme. AUDUSD can easily also first go up 500-600 pips (this would be extreme, but possible), although I agree that based on long term view, it should drop to about 0,93. What will happen first remains to be seen, but the span of weekly is just to big to be used for intraday trading (for me, just to be clear).

BR
  • #12,050
  • Jul 24, 2012 4:39am Jul 24, 2012 4:39am
Quoting Jnr6or
Ur very welcome back big Al, i surely missed u too, hope u had a wonderful time?
Thanks. Everything is going well. I have more time now to dedicate to trading and the thread.
Observation is the path to discovery.
  • #12,051
  • Jul 24, 2012 4:41am Jul 24, 2012 4:41am
By the way, I changed the rules on post one from -0.25/0.25 to -0.40/0.40 which is what I am using now for my trading. I find this range zone better overall.
Observation is the path to discovery.
  • #12,052
  • Jul 24, 2012 4:46am Jul 24, 2012 4:46am
Quoting tp0440
Interesting safety measure. I do the same with h4 / D1 is possible, excepct if there is a very good signal on h1. To use weekly for this purpose is for me a bit extreme. AUDUSD can easily also first go up 500-600 pips (this would be extreme, but possible), although I agree that based on long term view, it should drop to about 0,93. What will happen first remains to be seen, but the span of weekly is just to big to be used for intraday trading (for me, just to be clear).

BR
I don´t think AudUsd will move higher. I think the W1 TMA will repaint lower and the repainted upper band will touch the 2 highs already established. This usually happens when the TMA is changing direction. The last high usually only makes it to TMA centerline, which after repaint, turns out to be the upper band. In this case, the centerline coincides with the Coral. I have noticed this many times in the past and I trade accordingly.
Observation is the path to discovery.
  • #12,053
  • Jul 24, 2012 5:00am Jul 24, 2012 5:00am
Quoting Alorente
By the way, I changed the rules on post one from -0.25/0.25 to -0.40/0.40 which is what I am using now for my trading. I find this range zone better overall.
What inputs do we now change in the Tmaslopenormalizer to effect these?
************************* Knowledge is an endless research
  • #12,054
  • Jul 24, 2012 5:01am Jul 24, 2012 5:01am

The Ramy Report




Fundamentals :

-China factory data support sentiment but eurozone fears linger.
-Spain and Italy resume short-selling bans.
-Spain’s bond yields jump to euro-era high.
-Stocks steady after torrid two days.
-Fears over IMF support for Greece add to negative sentiment.
-Germany Pushes Back After Moody’s Reduces Rating Outlook With Netherlands.
-Aussie, Kiwi Dollars Rally as China Data Buoys Export Prospects.
-Euro-Zone Factory Output Index Drops to 3-Year Low.

Technicals :

-Dollar reverses losses as Fed disappoints.
-Fresh record lows for euro versus Aussie.
-Dollar, Euro Relatively Steady Against Yen Over Intervention Fears.
-NZDUSD Outlook.
-AUDUSD Outlook.
-EURUSD Outlook.
-GBP/USD rebounds from 1.5504 :
The Cable has bounced off a support line at 1.5504, though gains
are likely to be tepid, given that the currency pair is headed
towards 1.5283/51 and long-term outlook for which is from neutral
to bearish. In case of a rally, resistances at 1.5574/83 and 1.5620
will guard a key zone at 1.5724/31 from being challenged.
-USD/JPY failed at 78.16/08
Support area at 78.16/08 managed to withstand yesterday’s
bearish pressure, but is still unlikely to hold off the currency couple
from sliding down to 77.85 for a prolonged period of time.
Additional supports are located at 77.33 and 76.59/39 and will be
tested only in case current downward momentum strengthens as
suggested by technical indicators.
-USD/CHF to step higher
USD/CHF stalled at 0.9906, being unable to overcome it.
Nonetheless, one of the following attempts to breach this
resistance should be successful, allowing the pair to surge further
en route to 0.9960/83, while extension of a rally up to 1.0018/42
will take considerably more effort. In the meantime, supports at
0.9853 and 0.9795/72 should limit possible losses.

Daily Calendar : For Upcoming important economic announcements see the FF calendar.

Daily Trading Wisdom : The best trading system in the hands of an undisciplined trader is a losing system.
Jake Bernstein.

Daily Trading Cartoons : - Jobless Rate.

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)
  • #12,055
  • Jul 24, 2012 5:52am Jul 24, 2012 5:52am
Quoting Tess1
What inputs do we now change in the Tmaslopenormalizer to effect these?
Change edbl1High to 0.40 and edblLow1 to -0.40
Observation is the path to discovery.
  • #12,056
  • Jul 24, 2012 6:19am Jul 24, 2012 6:19am
Quoting Alorente
Change edbl1High to 0.40 and edblLow1 to -0.40
Dear Sir,
Welcome to back ı miss you please help us.
Best Regards.
Bülent.
  • #12,057
  • Jul 24, 2012 6:21am Jul 24, 2012 6:21am
Quoting Alorente
I miss you guys also. I´ll be contributing more to the thread again.
THANKS

& THANKS to Bassramy for keeping this thread alive while the "Master" was absent
  • #12,058
  • Jul 24, 2012 8:27am Jul 24, 2012 8:27am
Trainman,
Thanks for doing this, the delay due to the high CPU usage was annoying.
Can we rename your indi to ExtremeTMALine and simply place it into our indicator folder?
Otherwise it could be complicated for some people to set Al's template correctly.
Cheers
Have a nice day
  • #12,059
  • Jul 24, 2012 9:17am Jul 24, 2012 9:17am
For Info GBPCHF bearish Cross on H1.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf h1.jpg Size: 110 KB
Master Your Setup, Master Your self. (NQoos)
  • #12,060
  • Jul 24, 2012 9:32am Jul 24, 2012 9:32am
And EA, EG, AJ, enjoy.

Regards,
B.R.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aj h1.jpg Size: 117 KB
Click to Enlarge Name: eg h1.jpg Size: 100 KB
Click to Enlarge Name: ea h1.jpg Size: 98 KB
Master Your Setup, Master Your self. (NQoos)
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