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Extreme TMA System

  • #12,321
  • Aug 1, 2012 6:49am Aug 1, 2012 6:49am
Seems like the AU is doing a double top on H1 TF, 1.5370 being a strong resistance, that goes also on Gold H4 TF and neckline broken.
Master Your Setup, Master Your self. (NQoos)
  • #12,322
  • Aug 1, 2012 6:51am Aug 1, 2012 6:51am
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 with...
Fundamentally your reasoning is sound. The lower the euro goes the more it will encourage exports, the more it will motivate political leaders to do something effective, etc. Though timing on the long term will be the thing. Will solutions to the euro crisis come in 1 month or in 7 months? Or in years? The fundamentals don't say. So - we trade by the charts and our indicators.

On a daily chart, EURUSD is in a consistent downtrend for the past year. The D1 TMA is still pointing down, particularly if that curl on the end is discounted. I'm not seeing signs that the trend has turned upwards yet. Draw a trend line from May 1 to July 2 highs, the recent bars are still under that.
Sure I have a trading plan. Buy low. Sell high. What's yours?
  • #12,323
  • Aug 1, 2012 7:02am Aug 1, 2012 7:02am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
This one has option for 2 supersignals in one at different settings + alerts & e-mails.

PC,

Attached File(s)
File Type: mq4 2 X super_signals_W alerts & emails.mq4   4 KB | 929 downloads


Attached Image (click to enlarge)
Click to Enlarge Name: sswae.png Size: 91 KB
Of all the things I've lost I miss my mind the most .
  • #12,324
  • Aug 1, 2012 7:09am Aug 1, 2012 7:09am
Quoting Fishcoo
EurUsd looks nice on H1 H4 chart , but it is at the bottom of the W1 TMA Line , can we short ?
Is your ATR Multiplier set to 2.0? IMHO, ATR Multiplier=2.0 may be too small on the weekly chart. Look by how far price has penetrated the bands in the past 5 years. I'd use an ATR Multiplier of 3.0 on weekly, maybe even larger. And with that setting there's still ample room for a short trade to move. It also depends on the intended duration of the trade. If you are looking at a shorter term trade the weekly trend will have less overall influence.

These channels aren't brick walls, they are a point of reference for the trader to assist him in making a judgement call about the market.
Sure I have a trading plan. Buy low. Sell high. What's yours?
  • #12,325
  • Aug 1, 2012 7:17am Aug 1, 2012 7:17am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting bassramy
Are u sure its not the same old super signal that's out there that heavily repaints.
That’s exactly what it is it leaves the previous bars displayed until restart when it repaints so it’s clear where it has been, in a strong trend you have a bunch of arrows but you know this and use it to your advantage.
PC,


PS: the one you posted is identical to my last post.
Of all the things I've lost I miss my mind the most .
  • #12,326
  • Aug 1, 2012 7:17am Aug 1, 2012 7:17am
Hi. Somebody have the template used in the first page of this post ?
It is different than template found in Packet.zip (lorente large chart.tpl)...
There is no place for wimps
  • #12,327
  • Aug 1, 2012 7:30am Aug 1, 2012 7:30am
Quoting Trainman
Fundamentally your reasoning is sound. The lower the euro goes the more it will encourage exports, the more it will motivate political leaders to do something effective, etc. Though timing on the long term will be the thing. Will solutions to the euro crisis come in 1 month or in 7 months? Or in years? The fundamentals don't say. So - we trade by the charts and our indicators.

On a daily chart, EURUSD is in a consistent downtrend for the past year. The D1 TMA is still pointing down, particularly if that curl on the end is discounted. I'm not seeing...
That's why I'm saying it's a theory and no signal. Yet. I dont know when this theory will evolve in reality, but I think it's not so distand as we all think. There is one simple driver for it though: it will happen, or whole world will be in much deeper sh*t than we already are, not only Europe.

BR
  • #12,328
  • Aug 1, 2012 7:43am Aug 1, 2012 7:43am
Quoting Trainman
Is your ATR Multiplier set to 2.0? IMHO, ATR Multiplier=2.0 may be too small on the weekly chart. Look by how far price has penetrated the bands in the past 5 years. I'd use an ATR Multiplier of 3.0 on weekly, maybe even larger. And with that setting there's still ample room for a short trade to move. It also depends on the intended duration of the trade. If you are looking at a shorter term trade the weekly trend will have less overall influence.

These channels aren't brick walls, they are a point of reference for the trader to assist him in...
Thank you for your help,Trainman.
I set my W1 ATR Multiplier to 3.0 and H1 H4 D1 to 2.0 now. If I trade on the H1 chart , there must be enough room between the current price and the W1 band , is it right?
  • #12,329
  • Aug 1, 2012 8:26am Aug 1, 2012 8:26am
Quoting BraunTrade
Hi. Somebody have the template used in the first page of this post ?
It is different than template found in Packet.zip (lorente large chart.tpl)...
In one of Al's previous posts, Al writes about the new indi called FastTMALine, while the template Al provided mentions the indi ExtremeTMALine.

Using a text editor, did a Find/replace in the template. (replaced ExtremeTMALine with FastTMALine)
See attached.

Kind regards, Kris
Attached File(s)
File Type: tpl lorente large chart.tpl   38 KB | 447 downloads
  • #12,330
  • Aug 1, 2012 8:52am Aug 1, 2012 8:52am
Quoting Mr C
That’s exactly what it is it leaves the previous bars displayed until restart when it repaints so it’s clear where it has been, in a strong trend you have a bunch of arrows but you know this and use it to your advantage.
PC,


PS: the one you posted is identical to my last post.
Mr.C if you want, i have a more advanced one.
Master Your Setup, Master Your self. (NQoos)
  • #12,331
  • Aug 1, 2012 9:21am Aug 1, 2012 9:21am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting bassramy
Mr.C if you want, i have a more advanced one.
I have been doing a lot of searching on the Super-Signals and found all kinds of deviations even channels, almost everything I want to change has been done already over the last 3 or 4 years, please post your indicator maybe it has something different, I don’t use this as a enter on arrow indicator just a notification to look at a potential setup or exit.
PC,
Of all the things I've lost I miss my mind the most .
  • #12,332
  • Aug 1, 2012 10:31am Aug 1, 2012 10:31am
Quoting BritShrtHair
In one of Al's previous posts, Al writes about the new indi called FastTMALine, while the template Al provided mentions the indi ExtremeTMALine.

Using a text editor, did a Find/replace in the template. (replaced ExtremeTMALine with FastTMALine)
See attached.

Kind regards, Kris
Hi buddy. Thanks for your help. But i'm talking about this template used in the chart below...

http://www.forexfactory.com/attachme...9&d=1343593524
There is no place for wimps
  • #12,333
  • Aug 1, 2012 11:26am Aug 1, 2012 11:26am
Quoting Tess1
Alorente, should the long term exit point for AUDUSD be the lower D1 band since it has gone beyond the D1 upper band? So also USDCAD.
AudUsd: Yes. Definitely. Certainly below parity near term. Next week the Australian Central Bank may very well cut rates again. If they do that, the Aussie will tumble.

UsdCad: Yes again. 1.05 should come pretty quickly.
Observation is the path to discovery.
  • #12,334
  • Aug 1, 2012 11:27am Aug 1, 2012 11:27am
Quoting Mr C
It's based on the Zig-Zag indicator I am still testing and adding alerts.

PC,
Did you write the code or you borrowed it? It seems more accurate than what I have seen till now.
Observation is the path to discovery.
  • #12,335
  • Aug 1, 2012 11:29am Aug 1, 2012 11:29am
Quoting Fishcoo
EurUsd looks nice on H1 H4 chart , but it is at the bottom of the W1 TMA Line , can we short ?
I´m staying far away from it due to the ECB tomorrow. Anything can happen since it is at the bottom band W1. A pop is possible as well as a continued drop bringing the band even lower.
Observation is the path to discovery.
  • #12,336
  • Aug 1, 2012 11:37am Aug 1, 2012 11:37am
Quoting Trainman
Is your ATR Multiplier set to 2.0? IMHO, ATR Multiplier=2.0 may be too small on the weekly chart. Look by how far price has penetrated the bands in the past 5 years. I'd use an ATR Multiplier of 3.0 on weekly, maybe even larger. And with that setting there's still ample room for a short trade to move. It also depends on the intended duration of the trade. If you are looking at a shorter term trade the weekly trend will have less overall influence.

These channels aren't brick walls, they are a point of reference for the trader to assist him in making...
Also, don´t forget that price can penetrate the band by a lot and in the end, after repaint, price will be around the band. There is plenty of repaint still coming on W1 weekly.
Observation is the path to discovery.
  • #12,337
  • Aug 1, 2012 11:39am Aug 1, 2012 11:39am
Quoting Alorente
AudUsd: Yes. Definitely. Certainly below parity near term. Next week the Australian Central Bank may very well cut rates again. If they do that, the Aussie will tumble.

UsdCad: Yes again. 1.05 should come pretty quickly.
That 1.05 for USDCAD is for week. Is that so?
************************* Knowledge is an endless research
  • #12,338
  • Aug 1, 2012 11:41am Aug 1, 2012 11:41am
Quoting BraunTrade
Hi. Somebody have the template used in the first page of this post ?
It is different than template found in Packet.zip (lorente large chart.tpl)...
It is the Lorente Large Chart Template. I am attaching it again.
Attached File(s)
File Type: tpl lorente large chart.tpl   38 KB | 753 downloads
Observation is the path to discovery.
  • #12,339
  • Aug 1, 2012 11:43am Aug 1, 2012 11:43am
Quoting bassramy
Mr.C if you want, i have a more advanced one.
Yes, please. I´d like to try it. Thanks.
Observation is the path to discovery.
  • #12,340
  • Aug 1, 2012 11:45am Aug 1, 2012 11:45am
Quoting Tess1
That 1.05 for USDCAD is for week. Is that so?
Yes it is. I may hold till the W1 band. I expect it in the next 4 weeks, especially now that there was no QE3 announced.
Observation is the path to discovery.
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