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Extreme TMA System

  • #12,821
  • Edited 11:36am Aug 30, 2012 11:21am | Edited 11:36am
  •  Jep
  • | Joined Aug 2012 | Status: Creating Multi-Generational Wealth | 99 Posts
Al,

From the 1H perspective AU is below both 1H & 4H TMA's. Is the H4 TMA slope too strong to the downside for you to consider a long here?

BTW shorted UCAD from 9927 on same timeframe. TP at lower 1H band.

Thank you.

JEP
  • #12,822
  • Aug 30, 2012 12:37pm Aug 30, 2012 12:37pm
Quoting rascal63
Al, if you don't mind. You didn't specify what fans you were using. Are those Gann fans, fibonacci fans, or is there a specific indicator you use? Thank you so much for your time, Russ
No. They are individual trendlines that I draw myself. Itīs very easy and it works.
Observation is the path to discovery.
  • #12,823
  • Aug 30, 2012 12:42pm Aug 30, 2012 12:42pm
Quoting Jep
Al,

From the 1H perspective AU is below both 1H & 4H TMA's. Is the H4 TMA slope too strong to the downside for you to consider a long here?

BTW shorted UCAD from 9927 on same timeframe. TP at lower 1H band.

Thank you.

JEP
Absolutely no longs on AudUsd or NzdUsd. The move down has a long way to go. On AudUsd the TMA slopes are:

D1: -0.46, H4: -0.56, H1: -0.64 and M15: -1.58

All are Short Only.

I think Ucad is going higher from here also to pull the Ha TMA to the D1 upper band. H1 is 0.70 (Long Only).
Observation is the path to discovery.
  • #12,824
  • Aug 30, 2012 1:55pm Aug 30, 2012 1:55pm
The US Index is building a downward wedge which has serious bullish implications. If price breaks the upper wall around 82.10, it should move quickly to the 84 area. Maybe tomorrow Bernanke will give us the spark.
Attached Image (click to enlarge)
Click to Enlarge Name: US Index.jpg Size: 113 KB
Observation is the path to discovery.
  • #12,825
  • Aug 30, 2012 9:03pm Aug 30, 2012 9:03pm
Hi Al,

I notice that below a currency pair shown in Slope Values windows there is small letter sequence, e.g. pDWM, and the order of this sequence can be different for another currency pair. Would you be able to explain what they are for?

Thanks in advance for your help...
To excel by continuous learning
  • #12,826
  • Aug 30, 2012 10:28pm Aug 30, 2012 10:28pm
Hi peepczar,

the pDWM shows the present / actual sequence of (D)aily / (W)eekly / (M)onthly pivots. This originates over at NB's thread - if sequence is M - W - D in ascending order, only go long, if M-W-D is descending order only go short, every other combination is considered inconclusive....

You can find the corresponding pivot indicator here http://www.stevehopwoodforex.com/php...php?f=45&t=629 (post 2 - DWMPivots) which is great to see historic interaction of PA and pivots. According to NB's most commonly applied rules, you only show the main pivots (DWM) and Weekly S/R levels

If you are not into a lot of lines and / or historic values, you might want to try the attached which only shows the present DWM values.

Cheers
Attached File(s)
File Type: mq4 ZMFX all pivot levels v2.mq4   19 KB | 724 downloads
  • #12,827
  • Aug 31, 2012 5:06am Aug 31, 2012 5:06am
Investors are back from vacations and so volatility.
Here's a candlestick Daily summary.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Volatility.jpg Size: 100 KB
Click to Enlarge Name: Candlestick Summary.jpg Size: 29 KB
Master Your Setup, Master Your self. (NQoos)
  • #12,828
  • Aug 31, 2012 5:12am Aug 31, 2012 5:12am
Quoting mobthehop
Hi peepczar,

the pDWM shows the present / actual sequence of (D)aily / (W)eekly / (M)onthly pivots. This originates over at NB's thread - if sequence is M - W - D in ascending order, only go long, if M-W-D is descending order only go short, every other combination is considered inconclusive....
Wow... Thanks mobthehop, your reply is much appreciated...
To excel by continuous learning
  • #12,829
  • Aug 31, 2012 5:12am Aug 31, 2012 5:12am
To scale in short, or not to scale in: that is the billion dollar question.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 128 KB
Master Your Setup, Master Your self. (NQoos)
  • #12,830
  • Aug 31, 2012 5:22am Aug 31, 2012 5:22am
bassramy,
What site are these images from ?
Thank you

Quoting bassramy
Investors are back from vacations and so volatility.
Here's a candlestick Daily summary.
  • #12,831
  • Aug 31, 2012 5:40am Aug 31, 2012 5:40am
Quoting toddanderson
bassramy,
What site are these images from ?
Thank you
Daily FX.
Master Your Setup, Master Your self. (NQoos)
  • #12,832
  • Aug 31, 2012 5:47am Aug 31, 2012 5:47am
Quoting bassramy
To scale in short, or not to scale in: that is the billion dollar question.
I also short it too quick..
  • #12,833
  • Aug 31, 2012 5:49am Aug 31, 2012 5:49am
Quoting bassramy
To scale in short, or not to scale in: that is the billion dollar question.

if u have a deep pocket...IMO next level to EURUSD 1.2692
  • #12,834
  • Aug 31, 2012 6:02am Aug 31, 2012 6:02am
Quoting jmdias
if u have a deep pocket...IMO next level to EURUSD 1.2692
Hahhahahahaha, you are joking right?
If not, tell me why do you think so?

Greetings.
  • #12,835
  • Aug 31, 2012 6:09am Aug 31, 2012 6:09am
Quoting Nes
Hahhahahahaha, you are joking right?
If not, tell me why do you think so?

Greetings.
if u look at daily chart the upper line of TMA is near that value..we have a resistence at this level too...EURUSD are in a uptrend...so why not??
  • #12,836
  • Aug 31, 2012 6:16am Aug 31, 2012 6:16am
Hello, i try to learn the Extreme TMA System. But the Attached MT4 Template differs a little bit from the Explanation on Page one. It seems that this System has change since the Thread is startet. I know that this is also exactly what the Thread Creater intentends to do, but for a newbie, it is really hard to come to an clue of how this system works now.

It is really hard, to study the entire Thread, so is there a way, that someone of the Pros here, can reexplain, of how the Systems works now and Point a Reference to the first Post in the Thread?

thnx, i looking forward to getting a clue, becouse i like what i see!

Codeman
  • #12,837
  • Edited 6:43am Aug 31, 2012 6:33am | Edited 6:43am
Quoting Nes
I also short it too quick..
I Didn't short it yet I'm looking for a signal that didn't show yet.

These short positions you see on the chart is from 3 days ago when the PA touched the upper H4 band and retraced, i was just wondering and waiting for the pair to break resistance or not on the news of higher inflation numbers in EURO zone.

It seems like I'm going to fade it but waiting for Bernanke to speak that's why i didn't touch it yet, but i took in consideration that Jackson hall speech is already priced in, there is no QE3 or a hint about it today in Ben's speech because the Economy is slowly picking up in the US and we can feel that from the better than expected economic indicators that's been out last and this week.

And more than that its Friday so u know what i mean.

Anyway and like always let's wait and see.
Master Your Setup, Master Your self. (NQoos)
  • #12,838
  • Aug 31, 2012 6:39am Aug 31, 2012 6:39am
Quoting jmdias
if u look at daily chart the upper line of TMA is near that value..we have a resistence at this level too...EURUSD are in a uptrend...so why not??
Mate, trend that state for one month, it is very short term and you can't depend all your analysis from it.. PA will never go in one direction for too long.. we are now in some correction wave in DOWNtrend..
long on top is worst thing that you can do..
Of course, price can reach D1 TMA upper band.. but honestly I don't think so..
Take a look at attachments.. only looking on Slope indi, we see that this is downtrend..

Greetings.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd d1.jpg Size: 224 KB
  • #12,839
  • Edited 6:52am Aug 31, 2012 6:40am | Edited 6:52am
Quoting Nes
Hahhahahahaha, you are joking right?
If not, tell me why do you think so?

Greetings.
There is a Major resistance @ 1.2692 area but its not the only major one a more significant one will be @ 1.27450, and the ultimate is @ 1.3000 and 1.30270 area.

PA is now challenging a major resistance just look @ the chart.

Anyway here's how the big picture look's like.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_Short_Trade_Triggered_at_Wedge_Top_body.png Size: 101 KB
Click to Enlarge Name: eu1.jpg Size: 161 KB
Master Your Setup, Master Your self. (NQoos)
  • #12,840
  • Aug 31, 2012 6:48am Aug 31, 2012 6:48am
Quoting bassramy
I Didn't short it yet I'm looking for a signal that didn't show yet.

These short positions you see on the chart is from 3 days ago when the PA touched the upper H4 band and retraced, i was just wondering and waiting for the pair to break resistance or not on the news of higher inflation numbers in EURO zone.

It seems like I'm going to fade it but waiting for Bernanke to speak that's why i didn't touch it yet, but i took in consideration that Jackson hall speech is already priced in, there is no QE3 or a hint about it today in Ben's speech...
I try to short on M15 and H1 TMA break, but it need a lot of patience and market sense... practice, practice, practice and some more practice..

Greetings.
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