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Extreme TMA System

  • #12,641
  • Aug 24, 2012 2:35pm Aug 24, 2012 2:35pm
Quoting Tess1
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.
It is you personal choice, Bass use 2.5, Al said that optimal for this system is 2.0
The difference is:
2.0 - narrower TMA, more setups/opportunities
2.5 - wider TMA, less setups/opportunities
  • #12,642
  • Aug 24, 2012 5:06pm Aug 24, 2012 5:06pm
Quoting Nes
It is you personal choice, Bass use 2.5, Al said that optimal for this system is 2.0
The difference is:
2.0 - narrower TMA, more setups/opportunities
2.5 - wider TMA, less setups/opportunities
Wich one is the lest aggresive ?
  • #12,643
  • Aug 24, 2012 5:50pm Aug 24, 2012 5:50pm
Quoting Fable
Wich one is the lest aggresive ?
2.5 naturally
  • #12,644
  • Edited 3:10am Aug 25, 2012 2:03am | Edited 3:10am
Quoting Tess1
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.
Follow the rules of the system on the first page and don't mess around with the settings unless AL says so or until u master the system.
I tend to think out of the box and use 2.5 on some pairs and 2 on others as a personal preference, and that only after a thorough back and forward testing.

Just to be clear :

Multiplier 2 is for the narrower range pairs with catch the wider pairs too but leaves a lot of pips on the table.

Multiplier 2.5 is for the mid-range pairs which catch 90 % of the narrower range pairs, 95 - 98 % of the mid-range pairs and all the wider pairs but leaves some pips on the table.

Multiplier 3 is for the wide range pairs which catches 60 - 70 % of the narrower range pairs, 80 - 85 % of the mid-range pairs and about 95-98 % of the wider range pairs.

The least aggressive or more conservative or the safest multiplier would be the 2 because it catches the range of all the pairs but leave a lot pips on the table ( PA tend to overshoot or undershoot the bands for the wider range pairs ) that if your trading from band to band like me, so you trade risk with security and that is an excellent risk management tool.

You should know that the higher the Multiplier the less PA Tend to touch it on all pairs and the more risk you have that a sharp reversal will follow to the opposite band leaving you with a loss or a recovery, so being safe is better than being sorry even if you leave some pips on the table, who cares anyway because there always be another trade tomorrow.

Hope it helps

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #12,645
  • Aug 25, 2012 3:08am Aug 25, 2012 3:08am
This week COT Report :

Friday, 3:30 p.m. (EST), 24 August, 2012

Bearish Downturn in COT Data Accelerates
Now it's the turn of the metals to confirm the broad downturn in trader positioning in the weekly Commitments of Traders data from the CFTC. Friday afternoon's COT report had more bad news for bulls.

It pushed my setup for copper out of cash into the bearish column, as you'll see on my latest signals table. It also ended my silver setup's long-time bullish signal and put it in cash. That setup would have gone short if the commercial hedgers had gotten just a little more bearish in their net position as a percentage of the total open interest.

In gold, the wrong-way small traders got heavily bullish - another bearish development. But their signal has a two-week trade delay, so gold remains bullish for the time being.

And natural gas is also seeing heavily bearish positioning, though it remains in cash next week.

My S&P 500 and Nasdaq-100 setups remain bearish as before, while my 30-year Treasury bond signal is bullish again next week (meaning the yield would fall - which is generally bearish for equities). Have a good weekend, and good luck next week.

Enjoy this weekly Read like i did.

Regards,
B.R.
Attached Images
Attached File(s)
File Type: xls COTs Timer Latest Signals.xls   32 KB | 535 downloads
Master Your Setup, Master Your self. (NQoos)
  • #12,646
  • Edited 3:39am Aug 25, 2012 3:29am | Edited 3:39am
US Dollar May Have Set Important Bottom vs. Major Currencies

Forex Trading Weekly Forecast-08.27.2012


EURUSD: Preparing to Re-Enter Short Position


AUDUSD: Key Channel on the Verge of Caving


USDCAD: Buyers Aim to Challenge Parity Again


USDJPY: Candle Pattern Marks Sharp Pullback


NZDUSD: Wedge Setup Hints Downturn Ahead

US Week Ahead: GDP, Jackson Hole, Beige Book, Consumer Confidence

Recent improvement in the economic data flow gives a positive USD signals let's see if next week will be a USD strength week and ultimately keep the Fed on hold before elections.

Have a great weekend all.
Master Your Setup, Master Your self. (NQoos)
  • #12,647
  • Aug 25, 2012 3:51am Aug 25, 2012 3:51am
Thanks for all the information that you contribute to the thread!

I've found your news & COT report info very helpful and informative!
The mind thinks, the heart knows...
  • #12,648
  • Aug 25, 2012 3:55am Aug 25, 2012 3:55am
Master Your Setup, Master Your self. (NQoos)
  • #12,649
  • Aug 25, 2012 6:45am Aug 25, 2012 6:45am
Quoting bassramy
Daily Status.As we can see from the values the AU is weakest currency and the CHF the strongest one today.
I was flicking through the thread and found your chart/indi differer in gaining overall market perspective.

Would you mind to share the indicator here on the forum please?

Many thanks

ROOI:nerd:
We miss 100% of the shots we don't take
  • #12,650
  • Aug 25, 2012 7:44am Aug 25, 2012 7:44am
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 .
Bassramy thank you for posting the COT charts, can you please help me? Would I be correct in that on the Ozzy Dollar net positions the commercials are seen as being net short? Just trying to make sure I am reading the data correctly, thank you kindly for your help
Tracking the Specialists.
  • #12,651
  • Aug 25, 2012 1:58pm Aug 25, 2012 1:58pm
Quoting bassramy
Daily Status.As we can see from the values the AU is weakest currency and the CHF the strongest one today.
Would you please post the indicator that gives you these readings or point me in the right direction for where i can find it.

Thank you for your help

ROOI:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 476 KB
We miss 100% of the shots we don't take
  • #12,652
  • Aug 25, 2012 3:00pm Aug 25, 2012 3:00pm
Quoting Rooi
Would you please post the indicator that gives you these readings or point me in the right direction for where i can find it.

Thank you for your help

ROOI:nerd:
http://www.forexfactory.com/attachme...6&d=1345121692
http://www.forexfactory.com/attachme...7&d=1345121692
  • #12,653
  • Aug 25, 2012 10:02pm Aug 25, 2012 10:02pm
Bassramy, thanks for posting your Excel sheet - could you please share the web site where you find the relevant weekly COT data and how the "signal line" is established....

Cheers & thanks

Mop
  • #12,654
  • Aug 26, 2012 12:14pm Aug 26, 2012 12:14pm
Quoting Skip2k
http://www.forexfactory.com/attachme...6&d=1345121692
http://www.forexfactory.com/attachme...7&d=1345121692
Many thanks for posting the indis.

Do you use them?Seems like they will show good market overview on what currency is showing strength or weakness.

Does anybody use it for any other purpose?

Wish everybody a great week and green pips!

ROOI:nerd:
We miss 100% of the shots we don't take
  • #12,655
  • Aug 27, 2012 2:18am Aug 27, 2012 2:18am
Quoting Rooi
I was flicking through the thread and found your chart/indi differer in gaining overall market perspective.

Would you mind to share the indicator here on the forum please?

Many thanks

ROOI:nerd:
I think that someone posted the links, and yes i use them every day to catch the overall strength and weakness of every currency in my daily research routine.
Master Your Setup, Master Your self. (NQoos)
  • #12,656
  • Aug 27, 2012 2:35am Aug 27, 2012 2:35am
Quoting Connected
Bassramy thank you for posting the COT charts, can you please help me? Would I be correct in that on the Ozzy Dollar net positions the commercials are seen as being net short? Just trying to make sure I am reading the data correctly, thank you kindly for your help
Go here read everything you can.

http://cotbase.com/
http://www.babypips.com/school/the-c...-strategy.html
http://emini-watch.com/free-stuff/co...nt-of-traders/
http://cotstimer.blogspot.com/

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #12,657
  • Aug 27, 2012 2:39am Aug 27, 2012 2:39am
Quoting mobthehop
Bassramy, thanks for posting your Excel sheet - could you please share the web site where you find the relevant weekly COT data and how the "signal line" is established....

Cheers & thanks

Mop
Go here and read everything you can great resource for COT info for Free.

http://cotstimer.blogspot.com/
Master Your Setup, Master Your self. (NQoos)
  • #12,658
  • Aug 27, 2012 3:52am Aug 27, 2012 3:52am
Quoting bassramy
I think that someone posted the links, and yes i use them every day to catch the overall strength and weakness of every currency in my daily research routine.
Thanks for the reply.How well do you know the indi.have you ever thought of trying to add a instrument other than a currency to it,like gold,silver.oil or any indices?

I will give it a ago seeing if we can add anything and will let you know.

Please let me know if you have tried anything of the sort

Many thanks

ROOI:nerd:
We miss 100% of the shots we don't take
  • #12,659
  • Aug 27, 2012 4:14am Aug 27, 2012 4:14am
Quoting Rooi
Thanks for the reply.How well do you know the indi.have you ever thought of trying to add a instrument other than a currency to it,like gold,silver.oil or any indices?

I will give it a ago seeing if we can add anything and will let you know.

Please let me know if you have tried anything of the sort

Many thanks

ROOI:nerd:
Go here to learn more if you are interested : http://www.stevehopwoodforex.com/php...php?f=45&t=629
Master Your Setup, Master Your self. (NQoos)
  • #12,660
  • Aug 27, 2012 4:16am Aug 27, 2012 4:16am
Quoting bassramy
Go here to learn more if you are interested : http://www.stevehopwoodforex.com/php...php?f=45&t=629
Thanks for the effort

ROOI:nerd:
We miss 100% of the shots we don't take
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