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Extreme TMA System

  • #12,841
  • Aug 31, 2012 7:01am Aug 31, 2012 7:01am
Quoting bassramy
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.
But to reach it PA must first broke downtrend trendline..
according to what Al wrote on post 12798, no downtrend trendline is broken.. So downtrend is intact.. look at my previous post attachment..

Greetings.
  • #12,842
  • Aug 31, 2012 7:07am Aug 31, 2012 7:07am
Quoting Nes
But to reach it PA must first broke downtrend trendline..
according to what Al wrote on post 12798, no downtrend trendline is broken.. So downtrend is intact.. look at my previous post attachment..

Greetings.
I Totally agree, down weekly and monthly trendlines needs to be broken, i didn't say its already broken, as a matter of fact a lot of things needs to happen before we end up at these levels, and that if we get to these levels, something that i heavily doubt.
Master Your Setup, Master Your self. (NQoos)
  • #12,843
  • Aug 31, 2012 7:50am Aug 31, 2012 7:50am
Al,
Before you got married, you were concerned about the gaps on EU around 1,30xx levels, they have not closed yet.

What are your thoughts on them now?

Thanks
Vandag is die dag.....
  • #12,844
  • Aug 31, 2012 8:01am Aug 31, 2012 8:01am
Quoting Leokira
Al,
Before you got married, you were concerned about the gaps on EU around 1,30xx levels, they have not closed yet.

What are your thoughts on them now?

Thanks
I gave up on that gap a while back. Here is the Daily chart. The key level in my view is the upper channel line (Red). Also, the rising wedge (Green) is not broken yet. It has negative implications. If the channel line is broken, then I will begin to entertain the posibility of the EurUsd going higher. As of now, I still expect a fall to at least 1.1900. That fall should carry AudUsd, NzdUsd and GbpUsd down with it. WeŽll see what happens with Bernanke today.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 1.jpg Size: 145 KB
Observation is the path to discovery.
  • #12,845
  • Aug 31, 2012 8:17am Aug 31, 2012 8:17am
Thanks Al
But the euro has made some strange moves in recent weeks/months, maybe talk of qe3 will drive it way up again.
Have agood weekend.
Vandag is die dag.....
  • #12,846
  • Aug 31, 2012 9:01am Aug 31, 2012 9:01am
Quoting Nes
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.
And what u think about that...NES
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 28 KB
  • #12,847
  • Aug 31, 2012 9:09am Aug 31, 2012 9:09am
Did u fade the EURO or not yet.
Master Your Setup, Master Your self. (NQoos)
  • #12,848
  • Aug 31, 2012 12:25pm Aug 31, 2012 12:25pm
Quoting jmdias
And what u think about that...NES
Mate, everyone have their own chart.. On my, I have unbroken trendlines on D1 and W1, divergence on Slope and RSI on H4 and D1, W1 slope is 0.39, red Trix on D1, Slovenian prime minister say that they will need help from ECB for 50%..
for me there is no clue for rising euro, rather ranging or falling..
You post your chart and leave no coment to it.. I don't know your indicators, if you have some arguments, you must write it and then we will discuss

Greetings.
  • #12,849
  • Sep 1, 2012 2:38am Sep 1, 2012 2:38am
Funda - technical Summary :

http://www.dailyfx.com/forex/fundame...9.01.2012.html

US Dollar Outlook Favors Gains vs Euro, Aussie and Kiwi

EURUSD: Continue Holding Short on Upswing.
USDJPY: Trend Line Support Remains in Play.
GBPUSD: Consolidation Continues Below 1.59.
AUDUSD: Key Channel Support Finally Broken.
USDCAD: Prices Still Locked in Narrow Range.
NZDUSD: Rising Wedge Bottom Gives Way.

This week's Volatility and Trend + the dollar index up channel still holding.

Enjoy your Weekend cause next week will be full of events, economic ones of course.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_Continue_Holding_Short_on_Upswing_body_Picture_5.png Size: 97 KB
Click to Enlarge Name: AUDUSD_Key_Channel_Support_Finally_Broken_body_Picture_5.png Size: 91 KB
Click to Enlarge Name: NZDUSD_Rising_Wedge_Bottom_Gives_Way_body_Picture_5.png Size: 94 KB
Click to Enlarge Name: US_Dollar_Classic_Technical_Report_08.21.2012_body_Picture_5.png Size: 92 KB
Attached Images
Master Your Setup, Master Your self. (NQoos)
  • #12,850
  • Sep 1, 2012 3:29am Sep 1, 2012 3:29am
Quoting bassramy
Funda - technical Summary :

http://www.dailyfx.com/forex/fundame...9.01.2012.html

US Dollar Outlook Favors Gains vs Euro, Aussie and Kiwi

EURUSD: Continue Holding Short on Upswing.
USDJPY: Trend Line Support Remains in Play.
GBPUSD: Consolidation Continues Below 1.59.
AUDUSD: Key Channel Support Finally Broken.
USDCAD: Prices...
Bassramy, could you give me the link to the USIndex Spot chart that you have at bottom?

Thanks.
Observation is the path to discovery.
  • #12,851
  • Edited 12:39pm Sep 1, 2012 10:02am | Edited 12:39pm
Quoting Alorente
The D1 band will repaint in the end. The best way id to enter 3 orders. The first one now, the second one on touch of the band and the third one above the band. If it never crosses the band, you are in with two trades and you can get the third one on the way down. I like to average my entries and my exits. It is impossible to catch the perfect top.
I did enter a sort on GU around 1,584, now it went above H4 upper band again, (as I trade M15, H1, H4) my target the H4 lower band but it's seems to me that my entry was wrong (maybe it's not) should I take a recovery trade or let it run. It wasn't a very high probability trade as they were doubts about more QE or not, but now that Bernanke said no QE3, GU should retrace down, no ?

I can't really determine if my trade is still valid or not, I have had a DD of +/- 70 pips, so not really enough according to my rules to take a recovery trade (at least 100pips DD) but the H1 slope is really high.

Any opinion ?

Regards and happy week-end to you guys (and girls ?)

Fable
  • #12,852
  • Edited 4:01am Sep 3, 2012 2:30am | Edited 4:01am
Quoting Alorente
Bassramy, could you give me the link to the USIndex Spot chart that you have at bottom?

Thanks.
Here u are Master, go Here

This is a yearly Daily chart, i just want you to look @ the dates and PA levels @ the end of August 2011 and 2012, both times prices were @ the bottom of the channel is this a coincidence or something similar is gonna happen ?, i guess we have to wait and see.

Posted is a better funny view ( Weekly Long term ).
Attached Image
Master Your Setup, Master Your self. (NQoos)
  • #12,853
  • Edited 8:27am Sep 3, 2012 4:56am | Edited 8:27am
Sharp shooter : - Mohamed El-Erian ( chief executive and co-chief investment officer of Pimco. ), What to expect from Bernanke at Jackson Hole..

The article is included in case you can't open the EL-Erian Link.

Another USDX COT.
Attached Image (click to enlarge)
Click to Enlarge Name: Long or short USD.gif Size: 128 KB
Attached File(s)
File Type: pdf What to expect from Bernanke at Jackson Hole _ The A-List.pdf   43 KB | 685 downloads
Master Your Setup, Master Your self. (NQoos)
  • #12,854
  • Sep 3, 2012 4:56am Sep 3, 2012 4:56am
Hello, I've just found out that "eintHallflenght" parameter needs to be corrected with 20 (it is 56) in order to have the indicator displaying exact value.
Sorry if this it is been already akwnoledged
Max
  • #12,855
  • Sep 3, 2012 8:33am Sep 3, 2012 8:33am
Tess,
The countdown has begun for Thursday's European Central Bank meeting, with particular focus on whether, when, and how President Mario Draghi will follow through on the promise he made last month to support Italian and Spanish bonds.
Any hint today of bond buying will send the Anti-dollar currencies to the roof but i doubt that he will deliver today, he will need to see Spanish and Italian bonds yield cross the 7 % to intervene verbally, at least like he did last month.
Master Your Setup, Master Your self. (NQoos)
  • #12,856
  • Sep 3, 2012 8:41am Sep 3, 2012 8:41am
Quoting bassramy
Tess,
The countdown has begun for Thursday's European Central Bank meeting, with particular focus on whether, when, and how President Mario Draghi will follow through on the promise he made last month to support Italian and Spanish bonds.
Any hint today of bond buying will send the Anti-dollar currencies to the roof but i doubt that he will deliver today, he will need to see Spanish and Italian bonds yield cross the 7 % to intervene verbally, at least like he did last month.
Thanks for the response.
************************* Knowledge is an endless research
  • #12,857
  • Sep 3, 2012 9:12am Sep 3, 2012 9:12am
Quoting Tess1
Thanks for the response.
Carpe Diem, Quam Minimum Credula Postero.
Master Your Setup, Master Your self. (NQoos)
  • #12,858
  • Sep 3, 2012 11:16am Sep 3, 2012 11:16am
Quoting bassramy
Carpe Diem, Quam Minimum Credula Postero.
Thank you.
************************* Knowledge is an endless research
  • #12,859
  • Sep 4, 2012 1:56am Sep 4, 2012 1:56am
Quoting Fable
I did enter a sort on GU around 1,584, now it went above H4 upper band again, (as I trade M15, H1, H4) my target the H4 lower band but it's seems to me that my entry was wrong (maybe it's not) should I take a recovery trade or let it run. It wasn't a very high probability trade as they were doubts about more QE or not, but now that Bernanke said no QE3, GU should retrace down, no ?

I can't really determine if my trade is still valid or not, I have had a DD of +/- 70 pips, so not really enough according to my rules to take a recovery trade (at least...
I feel your trade is valid. You will see for sure by the end of this week. Volatility will increase dramatically on Thursday with the ECB announcement and on Friday with NFP numbers.
Observation is the path to discovery.
  • #12,860
  • Sep 4, 2012 2:06am Sep 4, 2012 2:06am
Quoting dorellino
Hello, I've just found out that "eintHallflenght" parameter needs to be corrected with 20 (it is 56) in order to have the indicator displaying exact value.
Sorry if this it is been already akwnoledged
Max
Yes. We already mentioned that all periods must change to 20.
Observation is the path to discovery.
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