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Extreme TMA System

  • #12,261
  • Jul 31, 2012 1:44am Jul 31, 2012 1:44am
Quoting Hendal
Al, my AU daily TMA is indicating 0.42 and not less than 0.40. Also my UC hourly TMA indicator is reading -0.41. Is there some flexibility in the rules or are the entry parameters a hard limit. Thx
When I shorted, D1 was at 0.39 and H1 was at 0.37.
Observation is the path to discovery.
  • #12,262
  • Jul 31, 2012 1:47am Jul 31, 2012 1:47am
Quoting chosen.bless
hi al welcome back. base on the new rules if you are trading higher tf ex h1 do you still need m15 to line up or you would look to h1, h4, d1, and weekly
I don´t use M15. If the other 4 line up, M15 will also line up pretty quickly. H1 is my favorite. The H1/H4 relationship gives me the best and most consistent picture of the status of the pair.
Observation is the path to discovery.
  • #12,263
  • Jul 31, 2012 2:07am Jul 31, 2012 2:07am
Quoting sabrys5769
Hello Al,
where is your W1 tma? my W1 tma lower line on eu H1 tf is near the H4 tma upper line (just above it), is it right?

Thanks
Yes, that is correct. The W1 bottom band (Green Line) is very close to the H4 top band.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 149 KB
Observation is the path to discovery.
  • #12,264
  • Jul 31, 2012 2:14am Jul 31, 2012 2:14am
Quoting thewriter30
Al!

Thanks for all your in depth answers. I followed the AUDUSD but had to go to bed. I see you entered at 5.43 my time this morning. But at least now the AUD seems very strong with slopes of .6 and .8....

Another quick one. So if we add the W1 graph/tma in order to trade H1, then i of course I need the PA to cross W1 as well...I would have thought for PA to cross W1 top band would take a long time/../ but of course what do I know...
No. You would just use W1 to make sure you have room for price to move in the direction of your trade before reaching the band. You would trade H1, H4 and D1 instead of M15, H1 and H4.
Observation is the path to discovery.
  • #12,265
  • Jul 31, 2012 2:15am Jul 31, 2012 2:15am
Quoting Alorente
When I shorted, D1 was at 0.39 and H1 was at 0.37.
Dear Sir,
For this did you closed aud usd or wait?
Regards.
Bülent Özden
  • #12,266
  • Jul 31, 2012 2:17am Jul 31, 2012 2:17am
Quoting thewriter30
Al!

Thanks for all your in depth answers. I followed the AUDUSD but had to go to bed. I see you entered at 5.43 my time this morning. But at least now the AUD seems very strong with slopes of .6 and .8....

Another quick one. So if we add the W1 graph/tma in order to trade H1, then i of course I need the PA to cross W1 as well...I would have thought for PA to cross W1 top band would take a long time/../ but of course what do I know...
Right now I show the following slopes for AudUsd:

H1: 0.37
H4: 0.22
D1: 0.41
W1: -0.05

When I traded short last night, D1 was 0.39. You don´t need to wait for a close. As long as all 4 slope values are valid in real time, you can trade.
Observation is the path to discovery.
  • #12,267
  • Jul 31, 2012 2:20am Jul 31, 2012 2:20am
Quoting bulent
Dear Sir,
For this did you closed aud usd or wait?
Regards.
Bülent Özden
I have an open short on AudUsd. I will probably hold half of the position to bottom band of H4 and the other half to bottom band of D1.

As I explained in another post, I am becoming more of a longer term trader. I used to be a scalper exclusively years ago when I was younger, but I realized that you can still make almost as much money and work much less with longer term positions.

I continue to scalp M5 when I feel like it, but for that I use a different setup and rules.
Observation is the path to discovery.
  • #12,268
  • Jul 31, 2012 2:59am Jul 31, 2012 2:59am
Hi.

I'd like to share here one possible theory. Please don't let this misslead you from your daily trading. It's just a theory and if even plausible, will take a long time to fulfill. For now anyway.

I'm seeing EURUSD hitting bottom of long term channels. Europe in on a brink of having to do something... because of general caos, major player are parking their money in safe position or in profitable interest rate differentials... such as AUDUSD.

So... if we open our minds to a possibility, that in some mid term time frame, Europe comes out with a solution. Banking union, fiscal union, konfederacy, whatever... big boys will pull their money out of interest rate bringin positions and invest in speculative ones. What yould that really mean?
- AUDUSD going down 1000 pips or more
- EURUSD going.... UP. Double time, due to all above stated reason.

As crazy as this looks, zoom out on your charts on longer time frames and try to think away current mess on the markets, which may very well be partially left in dissaray with a purpose (weak EUR is good for Europe's economy).


BR
  • #12,269
  • Jul 31, 2012 3:41am Jul 31, 2012 3:41am
Sir Al, wt specific setup and rules do u normally use when u feel like scalping M5? Tks for replying
  • #12,270
  • Jul 31, 2012 3:49am Jul 31, 2012 3:49am
Quoting Alorente
I have an open short on AudUsd. I will probably hold half of the position to bottom band of H4 and the other half to bottom band of D1.

As I explained in another post, I am becoming more of a longer term trader. I used to be a scalper exclusively years ago when I was younger, but I realized that you can still make almost as much money and work much less with longer term positions.

I continue to scalp M5 when I feel like it, but for that I use a different setup and rules.
Hi Al

How can i get the W1 TMA Line on the H1 chart? I only have H1 H4 and D1 TMA Line on it.

Thank you for your help.
Best regards.
  • #12,271
  • Jul 31, 2012 3:54am Jul 31, 2012 3:54am
Quoting tp0440
Hi.

I'd like to share here one possible theory. Please don't let this misslead you from your daily trading. It's just a theory and if even plausible, will take a long time to fulfill. For now anyway.

I'm seeing EURUSD hitting bottom of long term channels. Europe in on a brink of having to do something... because of general caos, major player are parking their money in safe position or in profitable interest rate differentials... such as AUDUSD.

So... if we open our minds to a possibility, that in some mid term time frame, Europe comes out...
This is a theory but a good one , i don't think that in the short term Europe will do something big as fiscal union or banking union, that will be for the long term but these 2 weeks will be crucial now that the ECB and specially Draghi is showing a signs of leadership and saying enough is enough, with or without Germany's backing he will act on several front to ease the pressure on Spain and Italy bond yields and this is showing in the European markets these last 2 days and i think that the US Stock market will follow now that the earning season is over.
Anyway this week is a deluge of risk events and a very important ones, some say that the future of the European crisis is decided this week but i doubt that, but nevertheless its very important Events and a game, markets, trends and investment environment changer because as you said the big boys are in parking mode and safety havens for now at least the most cautious ones and they are waiting for the right actions to get in risky assets.

We will see who blinks first.
Regards,
B.R
Master Your Setup, Master Your self. (NQoos)
  • #12,272
  • Jul 31, 2012 5:30am Jul 31, 2012 5:30am
Quoting bassramy
This is a theory but a good one , i don't think that in the short term Europe will do something big as fiscal union or banking union, that will be for the long term but these 2 weeks will be crucial now that the ECB and specially Draghi is showing a signs of leadership and saying enough is enough, with or without Germany's backing he will act on several front to ease the pressure on Spain and Italy bond yields and this is showing in the European markets these last 2 days and i think that the US Stock market will follow now that the earning season...
Here is an analysis by John Taylor
http://www.bloomberg.com/video/fed-t...LiDvd5ijw.html
  • #12,273
  • Jul 31, 2012 5:55am Jul 31, 2012 5:55am
hello..im trying to code an indicator based on Fast TMA and TMA slope..my point is to summarize these two indicator value such as range between upper & lower bands / slope now & previous / status based on slope data (Buy only/Sell only/Ranging) from various timeframe (M15/H1/H4/D1) ..i just using iCustom to get these value...it works.. but...why it make my MT4 terminal going to slow when i'm attaching it to 4 or 5 pairs? could somebody help me with my code please??

Thanks before.
Attached File(s)
File Type: mq4 FastTMA Data 2012.mq4   18 KB | 774 downloads
  • #12,274
  • Jul 31, 2012 8:43am Jul 31, 2012 8:43am
Quoting Alorente
Long on UsdCad.
Hi Al, I took this trade but I got out because as u know we're expecting news on the EUR
and +ve news will weaken the USD and therefore will work against us.
Cheers
Bill
Have a nice day
  • #12,275
  • Jul 31, 2012 8:50am Jul 31, 2012 8:50am
All the pairs are working as they should except the EURO which is playing hard to get.
Master Your Setup, Master Your self. (NQoos)
  • #12,276
  • Jul 31, 2012 8:54am Jul 31, 2012 8:54am
Quoting Jnr6or
Sir Al, wt specific setup and rules do u normally use when u feel like scalping M5? Tks for replying
Here are my M1 and M5 Scalping Setups.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd - m1.jpg Size: 99 KB
Click to Enlarge Name: audusd - m5.jpg Size: 103 KB
Observation is the path to discovery.
  • #12,277
  • Jul 31, 2012 8:56am Jul 31, 2012 8:56am
Quoting Alorente
Here are my M1 and M5 Scalping Setups.
Playing with colors AL nice hobby.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #12,278
  • Jul 31, 2012 9:14am Jul 31, 2012 9:14am
Here is the AudUsd H1. You can literally see how the yellow border (Faster MAs) are about to fold over the other colors (Slower MAs) as it has done many times before. Studying MMA Rainbows on each pair is like individual fingerprints that are unique for each and reproduce themselves repeatedly.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd - h1.jpg Size: 102 KB
Observation is the path to discovery.
  • #12,279
  • Jul 31, 2012 9:20am Jul 31, 2012 9:20am
Quoting Alorente
Here is the AudUsd H1. You can literally see how the yellow border (Faster MAs) are about to fold over the other colors (Slower MAs) as it has done many times before. Studying MMA Rainbows on each pair is like individual fingerprints that are unique for each and reproduce themselves repeatedly.
This is awesome!
Al, could you share MMA Rainbows indi? I just want to see this on my screen
  • #12,280
  • Jul 31, 2012 9:27am Jul 31, 2012 9:27am
Quoting Nes
This is awesome!
Al, could you share MMA Rainbows indi? I just want to see this on my screen
Here they are. Use only on fast machines with plenty of RAM.
Attached File(s)
File Type: zip MMA Rainbow.zip   8 KB | 1,402 downloads
Observation is the path to discovery.
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