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Extreme TMA System

  • #12,381
  • Aug 2, 2012 11:16am Aug 2, 2012 11:16am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Now the color of the MTF slope values will change at 0.40 -0.40

PC,

Attached File(s)
File Type: mq4 TmaSlope.v1.5 Normalized 0.40.mq4   13 KB | 1,055 downloads
Of all the things I've lost I miss my mind the most .
  • #12,382
  • Aug 2, 2012 2:20pm Aug 2, 2012 2:20pm
Quoting Mr C
If you look back using the same settings with TmaTrue the coral keeps tapping off the D1 top on the uptrend.

PC,
Attachment
Attachment
Mr. C: In your charts i see very small lines which i assume they are the daily pivots. Are they?? If so, would you mind posting them? I would like to have them as a ref but most of them are very large and make too much mess in my charts. Thanks in advance
JLC
  • #12,383
  • Aug 2, 2012 7:18pm Aug 2, 2012 7:18pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting gearcila
Mr. C: In your charts i see very small lines which i assume they are the daily pivots. Are they?? If so, would you mind posting them? I would like to have them as a ref but most of them are very large and make too much mess in my charts. Thanks in advance
JLC
Here you go if you prefer dots set to 174
PC,
Attached File(s)
File Type: ex4 Dashes.ex4   10 KB | 854 downloads
Of all the things I've lost I miss my mind the most .
  • #12,384
  • Aug 2, 2012 7:24pm Aug 2, 2012 7:24pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Attached Image


Attached File(s)
File Type: ex4 TMASlope&Size.ex4   34 KB | 867 downloads
Of all the things I've lost I miss my mind the most .
  • #12,385
  • Aug 3, 2012 12:20am Aug 3, 2012 12:20am
Quoting Alorente
In the meantime, a lot of uncertainty during August, which equates to a down market and risk off most likely.
Being a vacation month with the most important risk events happened early August i must agree with you, we will see with the back to school and the resume of normal business activity month which is September what will happen.
Master Your Setup, Master Your self. (NQoos)
  • #12,386
  • Aug 3, 2012 12:22am Aug 3, 2012 12:22am
Quoting Mr C
Now the color of the MTF slope values will change at 0.40 -0.40

PC,

Attachment
Thank you C.
Master Your Setup, Master Your self. (NQoos)
  • #12,387
  • Aug 3, 2012 2:24am Aug 3, 2012 2:24am
Eurostoxx 50 up around 1.7%!! Go figure. So much for risk-off Friday. Italy’s ftse MIB is the star performer, up a huge 3%.
And That's before NFP , i was searching for the cause but i couldn't found one, no special news been released the big boys are bumping up prices without any particular reason, do they know something that we don't ?.
I hope they are not buying the Rumor one more time, Let's Wait and see.
Master Your Setup, Master Your self. (NQoos)
  • #12,388
  • Aug 3, 2012 2:37am Aug 3, 2012 2:37am
In case you missed the info: ECB preparing to buy PIIGs bonds.
Risk on. At least until NonFarm news.

BR
  • #12,389
  • Aug 3, 2012 2:58am Aug 3, 2012 2:58am
Quoting tp0440
In case you missed the info: ECB preparing to buy PIIGs bonds.
Risk on. At least until NonFarm news.

BR
This is what's going on, the big boys are haunting stops :
EUR/USD buy stops finally hunted down

There is no such bond buying news, this is the latest on the ECB and Euro crisis since yesterday :

Gloves Off in Draghi-Weidmann Clash Over Bond Purchases
European stocks flying
Germany's Liability to ESM is Limited to EUR190B - Finance...
ECB’s Liikanen: ECB supports Draghi’s comments
Germany’s FDP Backs ECB’s Conditioned Bond Buying Plan: Press
Draghi allows time for eurozone politics to prepare for Spanish...

No bonds news Except Bond buying plan which is far from being finalized yet.
Master Your Setup, Master Your self. (NQoos)
  • #12,390
  • Aug 3, 2012 3:02am Aug 3, 2012 3:02am
Ahm.... yes... and in fx is goes like this:
- buy the rummors (since last evening or NY close yesterday)
- sell the news (potentially about NY openin)

Anyway... your call. I was long on EURUSD last nitght and am out now. Preparing to scale in on AUD short.

And I told you nicely, that I expected waves due to several fundamental reasons. I didn't expect as strong waves as they are now (that's why I was a bit mad to hit TPs the other day), but what the heck... I don't really mind as we can ride several moves.

BR
  • #12,391
  • Aug 3, 2012 3:04am Aug 3, 2012 3:04am
Quoting Mr C
Attachment

Attachment
Thank you, Mr C.
  • #12,392
  • Aug 3, 2012 3:09am Aug 3, 2012 3:09am
Its not like I'm complaining all my Targets been reached yesterday and I'm staying out before NFP but i was searching for a reason for the rally and so was the markets, so here it is.

Algos in control.

After a brief spike higher (just to flush all those stops) in front of Draghi's 'dis-believe' press conference this morning, markets plunged. Some wanted more but algos tickled us up to VWAP into the close once again though we note that once there - volume and average trade size surged, allowing those bigger momo players a better exit than mere mortals. Equities and broad risk assets stayed in very close sync all day with cross asset class correlation surging systemically, VIX rose and fell on the day ending down 1.4 vols at 17.5% (after touching 19.25% after the European close) - but notably VIX is now more back in line with equity/credit implied values. The USD ends today up 0.8% on the week, and implicitly commodities tumbled (copper and oil down 3-3.5% on the week and gold/silver -2%). Treasury yields bounced higher as stocks nibbled back to VWAP into the close but ended down 2-4bps (long-end outperforming). All in all - no capitulation, but a broad based derisking that seemed to benefit from some pre-positioning in protection (and help from the VWAP algos twice). Wil tomorrow's NFP be good enough to be bad or bad enough to be good (high volume and low average trade size suggests few want to position for it too aggressively).
Master Your Setup, Master Your self. (NQoos)
  • #12,393
  • Aug 3, 2012 5:06am Aug 3, 2012 5:06am
Quoting Mr C
Here you go if you prefer dots set to 174
PC,
Attachment
Awesome thanks a lot
  • #12,394
  • Aug 3, 2012 5:34am Aug 3, 2012 5:34am
NFP 163K Better than expected
Rate 8.3 Worse than expected.
Master Your Setup, Master Your self. (NQoos)
  • #12,395
  • Aug 3, 2012 6:57am Aug 3, 2012 6:57am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Mike - I thought I would answer your questions publicly because I'm sure there are others that don't understand either.
Q1) Does the TmaSlopeTrue measure the slope of the LWMA or the TMA?

As I have stated previously, the TmaSlopeTrue indicator measures the slope of the TMA.
See the screenshot below. The 1st indicator window shows the slope of the LWMA. Compare that to the slope of the Tma in the 2nd indicator window. The LWMA slope is more "jagged" than the Tma slope. Why? Because the algorithm used in the TMA "smooths" the previous value whereas the LWMA does not use any such smoothing algorithm.
Q2) Why does the MACD look very similar to the TmaSlopeTrue?

It really just boils down to the math involved. All of these indicators are based on moving averages. So they are all going to look similar, depending on the parameters used. This is why there is nothing magical about the Tma Slope - it is just a different way of calculating the difference between two moving averages.

See the screenshot below. The 3rd indicator window shows the MACD with settings that correspond to the Tma slope in the 2nd indicator window. They are very close. Why are they not exact? Because of the differences in the formulas used. Why are they very close to each other? Because they are both based upon the same moving averages.
I hope this clarifies it for you.
Attached Image (click to enlarge)
Click to Enlarge Name: zznbrm.gif Size: 21 KB
Of all the things I've lost I miss my mind the most .
  • #12,396
  • Aug 3, 2012 7:02am Aug 3, 2012 7:02am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
If you decide to go short, there must be enough room between the current price and the lower D1 band (At least 150 pips) and the lower W1 band (At least 250 pips).
This could be added as a reading on display if it helps.
PC,
Of all the things I've lost I miss my mind the most .
  • #12,397
  • Aug 3, 2012 8:05am Aug 3, 2012 8:05am
Hi Mr C
I think what is clear from your post is that all indis use the same values and thus should arrive at similar conclusions, it is just presented differently. Probably why one won't get rich looking at indicators.

I think one has to have a feel for market emotion, and that is not calculable, maybe one day I will feel it too.

Thanks for your posts, much appreciated.
Vandag is die dag.....
  • #12,398
  • Aug 3, 2012 9:03am Aug 3, 2012 9:03am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting Leokira
Hi Mr C
I think what is clear from your post is that all indis use the same values and thus should arrive at similar conclusions, it is just presented differently. Probably why one won't get rich looking at indicators.

I think one has to have a feel for market emotion, and that is not calculable, maybe one day I will feel it too.

Thanks for your posts, much appreciated.
To me indicators are like the dash board in my car, I use them constantly but I don’t really realise it until one of the gauges stop working then I realise hey I look at you all the time.

When I trade I look at the chart and refer to my indicators the same way but I do need them or a room with a few guys with calculators doing the math for me.

Even if you can be consistent at only 40% of the time you can be a successful trader it's all about numbers.

PC,
Of all the things I've lost I miss my mind the most .
  • #12,399
  • Aug 3, 2012 9:22am Aug 3, 2012 9:22am
I have been reading about Al's recovery. Can anybody tell me how you determine "retrace" during recovery. Is it the same rule for entry that we use to determine retrace for recovery?
************************* Knowledge is an endless research
  • #12,400
  • Aug 3, 2012 9:30am Aug 3, 2012 9:30am
Yes that is a good analogy, one can see that you are traveling fast but it is nice to have confirmation from the speedo.

Make no mistake I love all my colorful indicators and have a myriad of templates but I am still a poor trader, but getting better because of screen time. Unless gifted I think this is a tough way to make a living, but I won't give up, even if I have use even more indicators.
Vandag is die dag.....
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