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Extreme TMA System

  • #12,621
  • Aug 23, 2012 1:45am Aug 23, 2012 1:45am
Quoting bassramy
Reread my post i already explained that i Analyse the top down D1-H4-H1 Troika TF and i enter on H1 TF...
Thank you, Bassramy...
To excel by continuous learning
  • #12,622
  • Aug 23, 2012 1:49am Aug 23, 2012 1:49am
I want to sincerly congratulate AL on his thread 2 Million views already and counting, bravo.

Replies/Comments------------------- Views

12,619---------------------------- 2,036,106
Master Your Setup, Master Your self. (NQoos)
  • #12,623
  • Aug 23, 2012 2:07am Aug 23, 2012 2:07am
I wasn't picking apart your style, it was really just a question in general about rule #3.

Can anyone using the rules as posted on page #1 (ie 15M, 1H and 4h) tell me if Rule is supposed to apply at the same time as all slopes being ranging.

I've been watching this for months and I honestly don't remember a time where price is above all 3 and the slopes are ranging.

For example, right now GBDUSD was above all three bands, but its already below the 15M and H1 slope is at 0.71. I suspect by the time the H1 slope gets to 0.40 price will be below the upper 1 hour band as well
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-08-23_0203.png Size: 78 KB
  • #12,624
  • Aug 23, 2012 3:11am Aug 23, 2012 3:11am
Thanks AL and everyone on this thread, i am new to forex trading and i have read all post on this thread from page 1. Wish green pips to everyone.
  • #12,625
  • Aug 23, 2012 4:02am Aug 23, 2012 4:02am
Quoting odellcash
I wasn't picking apart your style, it was really just a question in general about rule #3.

Can anyone using the rules as posted on page #1 (ie 15M, 1H and 4h) tell me if Rule is supposed to apply at the same time as all slopes being ranging.

I've been watching this for months and I honestly don't remember a time where price is above all 3 and the slopes are ranging.

For example, right now GBDUSD was above all three bands, but its already below the 15M and H1 slope is at 0.71. I suspect by the time the H1 slope gets to 0.40 price will be...
Well, I'm watching closely this pair too. According to MHO, we have rule 3 when PA reentered M15 upper band, now we have to wait for the 3 slopes to range (aka be at least below +0,4 for all 3 M15, H1 and H4) as it said on post #1:

Quoting Alorente

4- The Trigger: Once Rule 3 is complied with, the trade will be entered once price turns around and touches the next Upper TMA band for Shorts or the next Lower TMA band for Longs (It can be any of the 3 TMA time frame bands, M15, H1 or H4. Refer to Rule one again before entering trade to make sure that the 3 TMA slope values are still Ranging or in the direction of your trade. If they are not, wait until they return to the correct slope values for your trade.

Off course the bands are going to repainted so you can't have rule 3 and 4 at the same time (at least for me as for you it never happend).

Hope it help.

Regards,

Fable

ps: As I'm still a noob, maybe wait for a more advanced trader to confirm or deny
  • #12,626
  • Aug 23, 2012 4:46am Aug 23, 2012 4:46am
Quoting odellcash
I wasn't picking apart your style, it was really just a question in general about rule #3.

Can anyone using the rules as posted on page #1 (ie 15M, 1H and 4h) tell me if Rule is supposed to apply at the same time as all slopes being ranging.

I've been watching this for months and I honestly don't remember a time where price is above all 3 and the slopes are ranging.

For example, right now GBDUSD was above all three bands, but its already below the 15M and H1 slope is at 0.71. I suspect by the time the H1 slope gets to 0.40 price will be below...
Dear odellcash
I agree with you . When the M15 H1 H4 is blew 0.4 , I find that PA is always under the upper band of M15 or H1.

Regards
Fishcoo
  • #12,627
  • Aug 23, 2012 6:41am Aug 23, 2012 6:41am
Quoting bassramy
There is no relation between recovery and scaling in, recovery is a risk management tool while scaling in is a trading tactic that means you buy on dips and fade the rallies or short the rallies and always in the direction of the trend.

PDF explains it all and further more i'm including some pics to illustrate.

Regards,
B.R.
Dear bassramy

Thank you for your help. When I entered a good trade , then I can scal in the direction of the trend. When I entered a bad trade, then I use the recovery . Of couse I must entered a very small position , am i right? If not,plese tell me .Thanks again.

Best regards.
Fishcoo
  • #12,628
  • Aug 23, 2012 8:32am Aug 23, 2012 8:32am
Quoting Fishcoo
Dear bassramy

Thank you for your help. When I entered a good trade , then I can scal in the direction of the trend. When I entered a bad trade, then I use the recovery . Of couse I must entered a very small position , am i right? If not,plese tell me .Thanks again.

Best regards.
Fishcoo
If you follow the rules you shouldn't be in trouble but sometimes u will , the rules of the system is to use recovery but there is no rules that says that u should scale in, that is a personal choice also don't forget that scaling in increase risk as well as profits if you know how to use it, so be careful. I don't know about u but i am in the business of reducing risk and increasing profits not the opposite.

And always use a small position size when u enter , u can always add to a winner afterwards when u have more confirmation.
Master Your Setup, Master Your self. (NQoos)
  • #12,629
  • Aug 23, 2012 9:00am Aug 23, 2012 9:00am
The boys are back from vacation, the rumor mill returned to work as of today and the next week, a rumor of a firesale is all over the news wires, also Merkel must be back from vacation, cause Europe just fired up the all talk and no action rumor mill again.

Of course u know that if the mill is back to work than volume and volatility will follow.
Jobless Claims Will Have QE3 Implications, as if the EURO need another reason to fly.

From zerohedge.
Master Your Setup, Master Your self. (NQoos)
  • #12,630
  • Aug 23, 2012 9:37am Aug 23, 2012 9:37am
Just playing and in it some wisdom.
Attached Image (click to enlarge)
Click to Enlarge Name: warren-buffett-lessons).jpg Size: 68 KB
Master Your Setup, Master Your self. (NQoos)
  • #12,631
  • Aug 23, 2012 10:15am Aug 23, 2012 10:15am
hi
Somehow in my main chart i dont see MTF TMA lines.anybody has any idea how can i fix this?
thanks
fred
  • #12,632
  • Aug 23, 2012 3:58pm Aug 23, 2012 3:58pm
Quoting bassramy
Just playing and in it some wisdom.
I would like to read what you posted but is was too small so i researched and found it in the following link... for anyone interested in reading it as well....

Roll down in the page and you will see the same images but much bigger

Regards


http://www.moolapedia.com/2012/08/07...arren-buffett/
  • #12,633
  • Aug 24, 2012 2:06am Aug 24, 2012 2:06am
Daily Status.As we can see from the values the AU is weakest currency and the CHF the strongest one today.
Attached Image (click to enlarge)
Click to Enlarge Name: daily scanner, slope strenght and values.jpg Size: 117 KB
Master Your Setup, Master Your self. (NQoos)
  • #12,634
  • Aug 24, 2012 2:40am Aug 24, 2012 2:40am
Go here read this : Impossible is nothing. ; Trading To Win

I find Mr. Charles E. Kirk Very inspiring, his Report is on my reading list every week.

Also included is the latest COT signals, the COT charts of the Aussie, Yen and the Cable for last week.These COT reports and charts tells us where the smart money is, so take advantage of these to position yourself with the big boys in the markets .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Aussie COT.jpg Size: 65 KB
Click to Enlarge Name: Cable COT.jpg Size: 105 KB
Click to Enlarge Name: Yen COT.jpg Size: 99 KB
Attached File(s)
File Type: pdf COTs Timer Latest Signals.pdf   334 KB | 766 downloads
Master Your Setup, Master Your self. (NQoos)
  • #12,635
  • Edited 3:13am Aug 24, 2012 2:52am | Edited 3:13am
Tess, i shorted the EURO yesterday after i saw the divergence on the upper H1 + H4 bands, Cable should spike one more time to hit the D1 upper band so patience is needed both ways, if your already long or waiting to short.

Here's an illustration to show you how.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 170 KB
Master Your Setup, Master Your self. (NQoos)
  • #12,636
  • Aug 24, 2012 6:10am Aug 24, 2012 6:10am
Quoting bassramy
Go here read this : Impossible is nothing. ; Trading To Win

I find Mr. Charles E. Kirk Very inspiring, his Report is on my reading list every week.

Also included is the latest COT signals, the COT charts of the Aussie, Yen and the Cable for last week.These COT reports and charts tells us where the smart money is, so take advantage of these to position yourself with the big boys in the markets .
So, referring to your attachments, big boys are buying Aussie, am I correct?
Cable on 2.0 multiplier hit D1 upper band yesterday..

Greetings.
  • #12,637
  • Aug 24, 2012 6:23am Aug 24, 2012 6:23am
Quoting Nes
So, referring to your attachments, big boys are buying Aussie, am I correct?
Cable on 2.0 multiplier hit D1 upper band yesterday..

Greetings.
According to the COT, the smart money is buying the Aussie but it look exhausted and overbought, look at the previous levels of trend changing.

According to my ATR multiplier of 2.5 it didn't hit he D1 Upper band yet.
Master Your Setup, Master Your self. (NQoos)
  • #12,638
  • Aug 24, 2012 6:45am Aug 24, 2012 6:45am
Quoting bassramy
According to the COT, the smart money is buying the Aussie but it look exhausted and overbought, look at the previous levels of trend changing.

According to my ATR multiplier of 2.5 it didn't hit he D1 Upper band yet.
In my opinion smart money are buying Aussie (like yesterday night or 09.08) becouse they want to take price higher that may all smal traders believe that trend is still there and there will be another rally. When all naive traders are long, they start to sell and leave behind all smal traders.One way or another big dog will be on + and some fools without SL and long on top will blow their accounts..
I can see that game of cat and mouse on all my fx charts from time to time.
Good to know rules of this game

Thanks a lot for articles from kirkreport

Maybe we should set some rules about ATR multiplier, something like:
Risk off - 2.0 ; Risk on - 2.5 -> of course it is depend on Al.

Greetings.
  • #12,639
  • Aug 24, 2012 7:12am Aug 24, 2012 7:12am
Quoting Nes

Maybe we should set some rules about ATR multiplier, something like:
Risk off - 2.0 ; Risk on - 2.5 -> of course it is depend on Al.

Greetings.

Hi!

About that, what's the safer settings for the ATR? 1.8 ? 2 ? 1,5 ?

Regards,

Fable
  • #12,640
  • Aug 24, 2012 10:39am Aug 24, 2012 10:39am
Quoting bassramy
Tess, i shorted the EURO yesterday after i saw the divergence on the upper H1 + H4 bands, Cable should spike one more time to hit the D1 upper band so patience is needed both ways, if your already long or waiting to short.

Here's an illustration to show you how.
Bassramy, what is the size of the ATR Multiplier for D1 on all templates? I used 2.0 for mine and i think that's what created that confusion for me.
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