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Extreme TMA System

  • #13,101
  • Sep 24, 2012 3:22am Sep 24, 2012 3:22am
Gold

The spot Gold market tried to extend its recent run higher last Friday but found resistance just under the key level through $1790.00, forming a bearish rejection pin bar trading setup in the process. This week, as long as we stay below $1790.00 on a closing basis, we expect to see some movement to the downside. There’s potential for a larger downside move here given the significance of the resistance level that was hit Friday and the pin bar signal that formed there. If price should push higher and break up past $1790.00 – $1800.00, it would open the door for an extension of this recent run higher.
Forex Trading Commentary by Nial Fuller
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Master Your Setup, Master Your self. (NQoos)
  • #13,102
  • Sep 24, 2012 3:41am Sep 24, 2012 3:41am
can some one please tell me the advantages of the new TMA line settings (20) over the previous one(56)
  • #13,103
  • Sep 24, 2012 4:53am Sep 24, 2012 4:53am
Quoting tcobiechina
can some one please tell me the advantages of the new TMA line settings (20) over the previous one(56)
If you understand the trading rules of the system, then load the indicators with the 20 and 56 periods on two different charts of the same currency pairs. Then observe the two to know which one is better to trade with. Nobody will choose for you, it is better you choose by yourself.
************************* Knowledge is an endless research
  • #13,104
  • Sep 24, 2012 6:05am Sep 24, 2012 6:05am
I don't like to to take counter trend Trades but we have a lot of these trades brewing right now across several pairs, word of caution don't set your PT too far, don't be greedy, if you have enough margin in your account go for a quick H1 upper to H1 lower band trade or vice versa and then rejoin the prevailing trend, be it up or down.

Regards,
B.R.

P.S. I'm referring to the 56 Period system.
Master Your Setup, Master Your self. (NQoos)
  • #13,105
  • Sep 24, 2012 6:39am Sep 24, 2012 6:39am
I've been jobbing the GCHF everytime it went south with the trend, now is one of these times and as usual with a nice divergence on the Stochastic and RSI.
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  • #13,106
  • Sep 24, 2012 6:56am Sep 24, 2012 6:56am
Other potential trades ( only with the trend ).
AN, ECAD, EN, GN, there is a lot of other possible trades but needs a lot of patience.
Enjoy.

Regards,
B.R.
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Master Your Setup, Master Your self. (NQoos)
  • #13,107
  • Sep 24, 2012 7:05am Sep 24, 2012 7:05am
And beautiful as it should be with the trend Long AU, target upper H4 56 P Band.

P.S. Slope turned positive.
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Master Your Setup, Master Your self. (NQoos)
  • #13,108
  • Edited 8:51am Sep 24, 2012 8:32am | Edited 8:51am
And a nice counter trend UCAD Short, slope is turning negative, Conservative target the lower H1 Band, aggressive counter trend target will be the lower H4 or D1 Band.
Money management : Enter with 2 Lots, close one @ the lower H1 band Move stop to breakeven and let your other Lot run with profits targeting the Lower D1 or H4 band.
Reenter with the trend when PA reach the Lower Bands but confirm with the rules first.

Regards,
B.R.
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Master Your Setup, Master Your self. (NQoos)
  • #13,109
  • Edited 1:29pm Sep 24, 2012 8:57am | Edited 1:29pm
When Al is absent, you are expert here.. so I want to ask you something.

You probably remember what Al said about 200MA, we got some indi that count last 200 bars and that last one will be replace with present one - if it will be higher or lower it change angle of 200MA..
I have combined this with what Trainman said that - if we want norepainting TMA lines, it will end at 56 bars from the end..
So, if we got some indi* that will count 56 or 20 bars - we could imagine where will be TMA when present bar will fall or rise..
My question is:

What you think about this thought?

* One is here - just need some modification to show 20 bars back - or whatever you want -> http://www.forexfactory.com/showthre...92#post5586092

I want to try this system with 20 TMA and without -/+ 0.40 slope rule. As we can see on Eur/Usd price fall 250 pip and D1 Slope is still above 0.80. Of course with other indi that show divergence and price exhaustion.
What you think about it?

Last question - what about TMA Slope MTF(3-4 lines), I see it very useful, why you dont use it, there is something wrong whit it?

Thanks a lot for answers.
Greetings.
  • #13,110
  • Sep 25, 2012 4:25am Sep 25, 2012 4:25am
Quoting bassramy
A newer one with some minor bug fixes.
New version (10.2 TMA slope v.1.4B 5.4) probably dont write texts at right side, at least by me ...
Thanks for correction or help.
Stick to your plan and you will be successful !!!
  • #13,111
  • Sep 25, 2012 4:53am Sep 25, 2012 4:53am
Hello Jnr6or, saw your message. Thanks for the msg.
************************* Knowledge is an endless research
  • #13,112
  • Sep 25, 2012 6:40am Sep 25, 2012 6:40am
Oh! Thats been long, thought u got it before now. Anyways tks for replyin. Happy pipping am sending u another pm pls reply @tess1
  • #13,113
  • Sep 26, 2012 3:09am Sep 26, 2012 3:09am
Quoting Nes
When Al is absent, you are expert here.. so I want to ask you something.

You probably remember what Al said about 200MA, we got some indi that count last 200 bars and that last one will be replace with present one - if it will be higher or lower it change angle of 200MA..
I have combined this with what Trainman said that - if we want norepainting TMA lines, it will end at 56 bars from the end..
So, if we got some indi* that will count 56 or 20 bars - we could imagine where will be TMA when present bar will fall or rise..
My question is:...
Good idea experiment with it and iff you find any thing useful please share it with us.
I do use the Slope MTF and this is how.
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Master Your Setup, Master Your self. (NQoos)
  • #13,114
  • Sep 26, 2012 3:16am Sep 26, 2012 3:16am
Quoting MultiLion
New version (10.2 TMA slope v.1.4B 5.4) probably dont write texts at right side, at least by me ...
Thanks for correction or help.
Use the one that AL posted.
Master Your Setup, Master Your self. (NQoos)
  • #13,115
  • Sep 26, 2012 5:33am Sep 26, 2012 5:33am
Quoting bassramy
Good idea experiment with it and iff you find any thing useful please share it with us.
I do use the Slope MTF and this is how.
Bassramy, could you please tell me what is your settings of Slope MTF?
I use 1.2 version, I try every setting and it is a lot deferent then Yours - it annoys me.. it should not look like this.. indi should look the same on every chart(the same currency of course).. otherwise it leads to bad decisions..

I see that yours is set to H4 TF, so I attach H4 chart..

Thanks for help.
Greetings.
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  • #13,116
  • Sep 26, 2012 9:40am Sep 26, 2012 9:40am
Quoting Nes
Bassramy, could you please tell me what is your settings of Slope MTF?
I use 1.2 version, I try every setting and it is a lot deferent then Yours - it annoys me.. it should not look like this.. indi should look the same on every chart(the same currency of course).. otherwise it leads to bad decisions..

I see that yours is set to H4 TF, so I attach H4 chart..

Thanks for help.
Greetings.
A picture is worth a thousand words.
Attached Image
Master Your Setup, Master Your self. (NQoos)
  • #13,117
  • Edited 4:35am Sep 27, 2012 3:35am | Edited 4:35am
Quoting bassramy
A picture is worth a thousand words.
I know that You use 56 period.
I try to compare Slope MTF (second on my last pic) with second indi in Yours pic(window 2).. but it is different indicator xD - could You please tell me the name of this one?

Greetings.
  • #13,118
  • Sep 27, 2012 6:11am Sep 27, 2012 6:11am
Quoting Nes
I know that You use 56 period.
I try to compare Slope MTF (second on my last pic) with second indi in Yours pic(window 2).. but it is different indicator xD - could You please tell me the name of this one?

Greetings.
Its the slope MTF but I'm using the true mode that's why it doesn't match.
In the true Mode you are looking for the cross which could be an accurate one or not, and in the none true mode you are looking for the positive and negative cross ( +0 or -0 ) which is always a good cross but can repaint the number of periods designated, its your choice to make.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #13,119
  • Sep 27, 2012 6:18am Sep 27, 2012 6:18am
Hi guys!

I use TMA slope MTF 1.0.2, could someone post the 1.2 ?

Regards,

Fable
  • #13,120
  • Sep 27, 2012 8:29am Sep 27, 2012 8:29am
Quoting Fable
Hi guys!

I use TMA slope MTF 1.0.2, could someone post the 1.2 ?

Regards,

Fable
The last version is the 1.0.2
http://www.stevehopwoodforex.com/php...php?f=45&t=629
Master Your Setup, Master Your self. (NQoos)
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