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Extreme TMA System

  • #13,061
  • Sep 20, 2012 1:18am Sep 20, 2012 1:18am
Jep, what indicator indicator gives you the red arrows?
  • #13,062
  • Sep 20, 2012 1:20am Sep 20, 2012 1:20am
  •  Jep
  • | Joined Aug 2012 | Status: Creating Multi-Generational Wealth | 99 Posts
Quoting howie2092
Jep, what indicator indicator gives you the red arrows?
I am just placing them manually after the fact, to show the entry bar.
  • #13,063
  • Sep 20, 2012 1:30am Sep 20, 2012 1:30am
EU chart for this week. I think I am finally getting the hang of it here.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-09-20_0223.jpg Size: 126 KB
  • #13,064
  • Sep 20, 2012 1:31am Sep 20, 2012 1:31am
ok, thanks Jep.
  • #13,065
  • Sep 20, 2012 1:36am Sep 20, 2012 1:36am
  •  Jep
  • | Joined Aug 2012 | Status: Creating Multi-Generational Wealth | 99 Posts
Quoting howie2092
EU chart for this week. I think I am finally getting the hang of it here.
Howie, the TMA slopes would have been too high to be a seller at the top, if you follow rules on page 1. Divergence can go on for a long time. Glad it worked out for you though.
  • #13,066
  • Edited 1:52am Sep 20, 2012 1:41am | Edited 1:52am
here is my UJ chart. EJ an d GJ are similar:
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-09-20_0236.jpg Size: 123 KB
  • #13,067
  • Sep 20, 2012 1:43am Sep 20, 2012 1:43am
Quoting Jep
Howie, the TMA slopes would have been too high to be a seller at the top, if you follow rules on page 1. Divergence can go on for a long time. Glad it worked out for you though.
agreed, I almost always enter too early and it goes against me. gotta work on that. i'm no expert here, just sharing to get some feedback and participate. thanks for the comment.

The 2 charts I posted... they have added almost 100% to my account this week. I am probably over-leveraged but its amazing what a good system can allow one to do.
  • #13,068
  • Sep 20, 2012 1:52am Sep 20, 2012 1:52am
  •  Jep
  • | Joined Aug 2012 | Status: Creating Multi-Generational Wealth | 99 Posts
[quote=howie2092;6028038]agreed, I almost always enter too early and it goes against me. gotta work on that. i'm no expert here, just sharing to get some feedback and participate. thanks for the comment.

No problem Howie, that is what we are all here for.

Entry Rules:

1- We will first determine trend in the 3 TMAs by using the TMA Slope indicator values.

Ranging TMA (-0.40 to 0.40): Trades can be placed in both directions.
Buy Only TMA (Above 0.40): Place ONLY Long trades.
Sell Only TMA (Below -0.40): Place ONLY Short trades.
Super Range: Above 0.80: Hold longs till slope value drops under 0.80, at which point you should close all longs.
Below -0.80: Hold shorts till slope value climbs above -0.80, at which point you should close all shorts.

H4, D1, W1 slope values must be either Ranging or higher for Longs or Ranging or lower for shorts.

Be careful, could have wiped the account out if trend had continued to upside.

Regards,

Jon
  • #13,069
  • Edited 2:13am Sep 20, 2012 1:59am | Edited 2:13am
thx Jon. now that the TMA's are aligned, I think we can sell on the next pullback for a much safer short entry - targeting the lower 4h band.

I have had good results with the RSI divergence in the past so I trust it, but you are correct - sometimes the divergence can continue much longer than anticipated (example eur/aud).
  • #13,070
  • Sep 20, 2012 2:04am Sep 20, 2012 2:04am
  •  Jep
  • | Joined Aug 2012 | Status: Creating Multi-Generational Wealth | 99 Posts
Quoting howie2092
thx Jon. now that the TMA's are aligned, I think we can sell on the next pullback for a much safer short entry - targeting the lower 4h band.

I have had good results with the RSI divergence in the past so I trust it, but you are correct - sometimes the divergence can continue much longer than anticipated.
  • #13,071
  • Edited Sep 21, 2012 12:56am Sep 20, 2012 5:04am | Edited Sep 21, 2012 12:56am
Quoting howie2092
EU chart for this week. I think I am finally getting the hang of it here.
Excellent, double top with RSI divergence, a beauty, and now with the 200 SMA broken down a continuation of the down trend t'il the lower H4 Band then a rebound up to retest the 200 SMA, then a rejection of the PA by the strong 200 SMA Resistance and a continuation of the down trend.

A road map for the EU in the coming days, we have to wait and see.

P.S. I don't like to speculate, i'm just playing.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #13,072
  • Sep 20, 2012 8:48am Sep 20, 2012 8:48am
Hi it seems that the indicators don't seem to match up and the numbers on the various indicator portion are all jumbled up.
  • #13,073
  • Sep 20, 2012 9:40am Sep 20, 2012 9:40am
Quoting forex_fairy
Hi it seems that the indicators don't seem to match up and the numbers on the various indicator portion are all jumbled up.
Change the time frame to another time frame.
************************* Knowledge is an endless research
  • #13,074
  • Sep 20, 2012 9:56pm Sep 20, 2012 9:56pm
Quoting bassramy
Excellent, double top with RSI divergence, a beauty, and now with the 200 SMA broken down a continuation of the down trend t'il the lower H4 Band then a rebound up to retest the 200 SMA, then a rejection of the PA by the strong 200 SMA Resistance and a continuation of the down trend.

A road map for the EU in the coming days, we have to wait and see.

P.S. I don't like to speculate, i'm just playing.

Regards,
B.R.
~~~~~~~~~~~~~~~~~~~~~~~
Use RSI+QQE to prevent early SHORT at EA Coding ......

see Pic attached .....

Scott-ibm
Attached Image (click to enlarge)
Click to Enlarge Name: au_m15_qqe_slope_0922-2.gif Size: 52 KB
  • #13,075
  • Edited 1:26am Sep 21, 2012 12:42am | Edited 1:26am
Quoting scott-ibm
~~~~~~~~~~~~~~~~~~~~~~~
Use RSI+QQE to prevent early SHORT at EA Coding ......

see Pic attached .....

Scott-ibm
Scott thank you buddy, but i have my own tools to work with, this is a new way to use the MTF Slope. ( See Pic ).
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 102 KB
Master Your Setup, Master Your self. (NQoos)
  • #13,076
  • Sep 21, 2012 12:58am Sep 21, 2012 12:58am
Quoting bassramy
Excellent, double top with RSI divergence, a beauty, and now with the 200 SMA broken down a continuation of the down trend t'il the lower H4 Band then a rebound up to retest the 200 SMA, then a rejection of the PA by the strong 200 SMA Resistance and a continuation of the down trend.

A road map for the EU in the coming days, we have to wait and see.

P.S. I don't like to speculate, just playing.

Regards,
B.R.
Exactly like i said yesterday, look @ that PA rejection from the 200 SMA.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 165 KB
Master Your Setup, Master Your self. (NQoos)
  • #13,077
  • Sep 21, 2012 1:13am Sep 21, 2012 1:13am
Quoting bassramy
Exactly like i said yesterday, look @ that PA rejection from the 200 SMA.
Well done. Also monitoring.
************************* Knowledge is an endless research
  • #13,078
  • Sep 21, 2012 1:18am Sep 21, 2012 1:18am
Quoting bassramy
Scott thank you buddy, but i have my own tools to work with, this is a new way to use the MTF Slope. ( See Pic ).
~~~~~~~~~~~~~~~~~
Dear Bassramy :

it is a new way to use the MTF Slope.,
when I enlarge your pic, I only see W1, D1, , is it slope indic ?

the pic is unvisible via viewer s/w, and the other indic at upper window, what is those line ( the flow line between candle bar...),

Could you spec it more detail ? thanks Buddy ~

SCOTT-ibm
  • #13,079
  • Sep 21, 2012 1:26am Sep 21, 2012 1:26am
Hi, Bassramy :

your pic pixel is too poor to see your pix through internet tx~

SCOTT-ibm
Attached Image
  • #13,080
  • Sep 21, 2012 1:39am Sep 21, 2012 1:39am
Quoting scott-ibm
Hi, Bassramy :

your pic pixel is too poor to see your pix through internet tx~

SCOTT-ibm
Check it again i enhanced the Resolution, this is a MTF slope ( Not a histogram ) and I've been using it with a 21 LWMA cross combined with the D1 and W1 pivots.
This is not the extreme TMA system this is a new system that i created 2 weeks ago, i took some ideas from different Steve hopwood Forex threads.

Some acknowledgment and many thanks are due to Baluda, Neotrader, spotdespot and of course our dear Nanningbob on SHFF ( Steve Hopwood Forex Forum ) for using their indicators .
Master Your Setup, Master Your self. (NQoos)
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