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Extreme TMA System

  • #12,961
  • Sep 12, 2012 7:23am Sep 12, 2012 7:23am
Quoting Jep
Attachment

Entry on pin bar above red arrow at cross back above H1 band. H1 & H4 ranging, D1 strong. Only question I have is proximity to upper D1 band.

I posted a EURCAD entry yesterday. Got stopped out on news spike for +48. It is up +125 from entry as of this writing.
What is your question of D1.
Master Your Setup, Master Your self. (NQoos)
  • #12,962
  • Sep 12, 2012 7:31am Sep 12, 2012 7:31am
  •  Jep
  • | Joined Aug 2012 | Status: Creating Multi-Generational Wealth | 99 Posts
Quoting bassramy
What is your question of D1.
Wondering to myself if being this close to D1 upper band weakens the trade. Thanks for responding, I welcome/value your input.

Jon

P.S. Just closed the trade +25 pips. Bearish pinbar rejection at previous support turned resistance, then current bar traded lower.
  • #12,963
  • Sep 12, 2012 7:52am Sep 12, 2012 7:52am
Quoting Jep
Wondering to myself if being this close to D1 upper band weakens the trade. Thanks for responding, I welcome/value your input.

Jon
Its the contrary, PA and TMA bands Being crossed the D1 Bands up and then again down gives the confidence that this trade has turned bearish specially if the slope turned negative again, i would wait to the PA to hit the upper band of the H4 Band on the 20 System to short this pair targeting the lower D1 Band.

Keep in mind that this baby tested the 50 MA and rebounded, now its the time to crossed down with a vengeance on the second test or the third, notice my Middle TMA line that its near crossing the 50 MA and the distance between them that's becoming Narrower and narrower, and best of all the 20 P slope just turned negative.

Regards,
B.R.
Attached Image (click to enlarge)
Click to Enlarge Name: ea 20 p.jpg Size: 140 KB
Master Your Setup, Master Your self. (NQoos)
  • #12,964
  • Sep 12, 2012 8:10am Sep 12, 2012 8:10am
  •  Jep
  • | Joined Aug 2012 | Status: Creating Multi-Generational Wealth | 99 Posts
Quoting bassramy
Its the contrary, PA and TMA bands Being crossed the D1 Bands up and then again down gives the confidence that this trade has turned bearish specially if the slope turned negative again, i would wait to the PA to hit the upper band of the H4 Band on the 20 System to short this pair targeting the lower D1 Band.

Keep in mind that this baby tested the 50 MA and rebounded, now its the time to crossed down with a vengeance on the second test or the third, notice my Middle TMA line that its near crossing the 50 MA and the distance between them that's...
Thanks B.R.. I am still new and learning here. It sounds like you are building a case for a pending H4 short setup. I was long based on a H1 entry, wondering if being in the upper 1/3 of the D1 band lessened the strength of my trade.

Jon

BTW, if I hang around here long enough to 'earn the right' I would love to learn what you are doing to achieve the 90+% win rate and 4:1 ratio you mentioned earlier in the thread.
  • #12,965
  • Sep 12, 2012 8:37am Sep 12, 2012 8:37am
Quoting Jep
Thanks B.R.. I am still new and learning here. It sounds like you are building a case for a pending H4 short setup. I was long based on a H1 entry, wondering if being in the upper 1/3 of the D1 band lessened the strength of my trade.

Jon

BTW, if I hang around here long enough to 'earn the right' I would love to learn what you are doing to achieve the 90+% win rate and 4:1 ratio you mentioned earlier in the thread.
what come up most comes down, Elasticity of Price which this system is based on , just read the first page and see the explanation on the chart, of course this needs a lot of trade management, this is due to the repainting of this System.

If your not sure just follow the None repainting MA cross.

Regards,
B.R.
Attached Image (click to enlarge)
Click to Enlarge Name: ea big picture 20 p gif.jpg Size: 177 KB
Master Your Setup, Master Your self. (NQoos)
  • #12,966
  • Sep 12, 2012 8:51am Sep 12, 2012 8:51am
I think that AL can relax now, the first gap of 11 - 13/05/12 is been closed today, we are still waiting for the next and the bigger one of 04 - 06/05/12 to be closed.
Master Your Setup, Master Your self. (NQoos)
  • #12,967
  • Sep 12, 2012 9:00am Sep 12, 2012 9:00am
Has the bazooka been fired ?

Perhaps: the European Central Bank’s bailout scheme, dubbed Outright Monetary Transactions (OMTs), offers the most recent attempt by the Euro-zone’s leadership to put a floor under confidence. But a major part of this scheme is the necessary participation in the European Stability Mechanism (ESM) by a struggling state (Italy and/or Spain); we don’t find this likely given the fact it would mean the European Troika seizing control of these governments’ finances. But a major hurdle is on the horizon this week that must be discussed first.

The key events kick off the week on Wednesday, when the German Constitutional Court will rule on the legality of the ESM; without the ratification, the ECB’s plan is dead in the water and President Mario Draghi stands to lose a great deal of credibility, obviously a major concern at this inflection point of the crisis. Meanwhile, the EURCHF generated some attention for the first time in weeks as it was rumored that the Swiss National Bank would raise the floor from 1.2000 to stem flows as a result of the debt monetization on the horizon. With the SNB meeting on Thursday, the timing couldn’t be more perfect for a floor shift.

Outside of Europe, both the Federal Reserve and the Reserve Bank of New Zealand are due to meet on Thursday and Wednesday, respectively (see below). There’s also some interesting US consumer and labor market data due this week; though coming after the Fed’s meeting, the only way there is a material impact is if the Fed does not implement QE3 and instead delays the decision until the October policy meeting.
Attached Image
Master Your Setup, Master Your self. (NQoos)
  • #12,968
  • Sep 12, 2012 9:10am Sep 12, 2012 9:10am
  •  Jep
  • | Joined Aug 2012 | Status: Creating Multi-Generational Wealth | 99 Posts
Quoting bassramy
what come up most comes down, Elasticity of Price which this system is based on , just read the first page and see the explanation on the chart, of course this needs a lot of trade management, this is due to the repainting of this System.

If your not sure just follow the None repainting MA cross.

Regards,
B.R.
Elasticity of price...I have been noticing this. This system has much in common with Market Profile which is common among futures traders. By waiting for the 3 TMA(s) to be Ranging this forces us to wait until the market are balanced more or less. Then we wait for price to reach an 'unfair' high or low with confirmation that it wants to return to either the 'Point of Control' or even better the opposite extreme.

Jon
  • #12,969
  • Sep 12, 2012 9:22am Sep 12, 2012 9:22am
Quoting Jep
Elasticity of price...I have been noticing this. This system has much in common with Market Profile which is common among futures traders. By waiting for the 3 TMA(s) to be Ranging this forces us to wait until the market are balanced more or less. Then we wait for price to reach an 'unfair' high or low with confirmation that it wants to return to either the 'Point of Control' or even better the opposite extreme.

Jon
There has been a lot of discussion of elasticity of price in this thread AL explain it very well ( The market is like a pendulum ), it all depends on currencies M15, H1, H4, D1, W1 and well beyond ranges, when a currency Pair reach its TF Moving range it consolidate and then retrace back, simply put Moving Demand and supply or support and Resistance.
But be careful when a range is broken and a trend is developed, that's why I'm trying to incorporate a range and a trend indicator in my trading, to distinguish between ranging period and trending periods
Master Your Setup, Master Your self. (NQoos)
  • #12,970
  • Sep 12, 2012 9:38am Sep 12, 2012 9:38am
Quoting bassramy
I think that AL can relax now, the first gap of 11 - 13/05/12 is been closed today, we are still waiting for the next and the bigger one of 04 - 06/05/12 to be closed.

You think? Well... let me put here a short summary:
- he gave up on gap close
- he is long USDCAD, USDJPY
- he is short EURUSD, AUDUSD
- US$ is supposed to be super strong
- EURUSD should be heading toward parity or at least 1,19:1
So, overall, this is a total of about 1000 pips minus. Give or take few hundret.

Forgive me for being cynical, but... aren't the charts kinnda pointing the other way? WAY other way. As much as they really can. And more.

So, if EURUSD will drop 1000 pips in next few days, than you can say Al can feels relaxed. Right now he more likely feels broke. I am sorry for that, but every single prediction seems to be wrong. Not seems. Is.

The point of all this to all the traders: DO NOT follow TMA system blindly. It's just an indicator, which repaints badly. Modifitation from 56 to 20 in rality only changes TF from for example h1 to min21 (equals 20 / 56 multiplied by original TF). So this modifitations solves nothing except makes you trade on sorter TF, which is probably even worse. The reality is, the only thing that matters is PA.

BR
  • #12,971
  • Sep 13, 2012 1:55am Sep 13, 2012 1:55am
Quoting bassramy
Try this for 56 and 21 P or go here for all the goodies.


How do you do. Can one file TMASlopeMTF.MQ4
? TMASlopeMTF.ex4 cannot be used. Thank you!
  • #12,972
  • Sep 13, 2012 3:16am Sep 13, 2012 3:16am
Quoting hezhigang6
How do you do. Can one file TMASlopeMTF.MQ4
? TMASlopeMTF.ex4 cannot be used. Thank you!
Sir, i can't understand your question.
Master Your Setup, Master Your self. (NQoos)
  • #12,973
  • Sep 13, 2012 3:27am Sep 13, 2012 3:27am
Quoting tp0440
You think? Well... let me put here a short summary:
- he gave up on gap close
- he is long USDCAD, USDJPY
- he is short EURUSD, AUDUSD
- US$ is supposed to be super strong
- EURUSD should be heading toward parity or at least 1,19:1
So, overall, this is a total of about 1000 pips minus. Give or take few hundret.

Forgive me for being cynical, but... aren't the charts kinnda pointing the other way? WAY other way. As much as they really can. And more.

So, if EURUSD will drop 1000 pips in next few days, than you can say Al can feels relaxed....
Tp My Man, you missed the whole point and that is the gaps is been filled, nothing less nothing more.
That been said buddy, let me say that i totally respect your freedom of speech, and your right of saying what you think, and i hope you do the same without any bad heart feelings.

Respectfully,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #12,974
  • Sep 13, 2012 3:29am Sep 13, 2012 3:29am
Quoting bassramy
Sir, i can't understand your question.
without the TMASlopeMTF.MQ4

Maybe we can find somewhere mq4 file. Best Regards.
  • #12,975
  • Sep 13, 2012 3:50am Sep 13, 2012 3:50am
Quoting bassramy
Tp My Man, you missed the whole point and that is the gaps is been filled, nothing less nothing more.
That been said buddy, let me say that i totally respect your freedom of speech, and your right of saying what you think, and i hope you do the same without any bad heart feelings.

Respectfully,
B.R.
Hi Bassramy.

Personally, there are no hard feelings, especially toward you. I think you are one of rare traders, which do use their head as it should be used: to make your own decisions. And by the looks of things, you are making it just well also as a trader. So respect to you for taking the time to share all the info that you do. I'd be more than happy to chat with you anytime.

My point is simple: the way this system is presented in its origin is missleading and I fear people are losing money big time. Not because of system itself, but because of people wanting to get a free signal service, which is not the point of any forum here. It's a damn hard job to be a guru and in the end, everybody has a responsability to himself as a trader, so I'm not judging anyone. Just to be clear. This is a warning, that fx is extremely unpredictable. Don't follow blindly any indicator, PA is the only thing that matters.

BR
  • #12,976
  • Edited 4:40am Sep 13, 2012 4:20am | Edited 4:40am
Important to read before FOMC.

Would QE3 from the FOMC Drive EURUSD Beyond 1.3000? (Infographic)

Guest Commentary: What to do when your system fails?

5 Most Predictable Currency Pairs – Q3 2012

Markets Likely Resting Prior to FOMC as S&P 500 Stalls, Crude Rangebound

Dollar Set for Extreme Move on Heavily Speculated Fed Decision

Part of my Daily reading and research, shared with you.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #12,977
  • Sep 13, 2012 5:14am Sep 13, 2012 5:14am
Bassramy, i hope it will be right to short GBPAUD.
************************* Knowledge is an endless research
  • #12,978
  • Sep 13, 2012 5:36am Sep 13, 2012 5:36am
2 inside Daily bars and a bearish Daily Pinbar / Fakey, gold is ready to retrace lower, short term support 1700.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDDaily.png Size: 53 KB
Master Your Setup, Master Your self. (NQoos)
  • #12,979
  • Sep 13, 2012 8:10am Sep 13, 2012 8:10am
Hi Al and all. I am new member (junior). Only 55 years old newbie from finland.
I have read all posts, altought I dont understand all words but the main things.
I have to say, this is very good system to me. Thank You Al and others members.
  • #12,980
  • Sep 13, 2012 9:57am Sep 13, 2012 9:57am
Quoting tp0440
Hi Bassramy.

Personally, there are no hard feelings, especially toward you. I think you are one of rare traders, which do use their head as it should be used: to make your own decisions. And by the looks of things, you are making it just well also as a trader. So respect to you for taking the time to share all the info that you do. I'd be more than happy to chat with you anytime.

My point is simple: the way this system is presented in its origin is missleading and I fear people are losing money big time. Not because of system itself, but because...
Master Your Setup, Master Your self. (NQoos)
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