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Extreme TMA System

  • #13,181
  • Oct 4, 2012 2:18am Oct 4, 2012 2:18am
I must say that this system looks good (not tested yet though), little late in this good tread ....

and the recovery system 1-1-2-4 what refers here as Nanningbob's, is actually my recovery( or better to say The Pro's ) system where I've asked Steve Hopwood to change recovery system in The Beast EA,from 1-1-3-3 to 1-1-2-4, bc it worked better (and he did), long time ago, 2011 or 2010 even..
and recovery system is professional system of bailing out of losing trades (and making money anyway and they are going to x8 or even x16 times in extreme !), and has nothing to do with me or Nannigbob , it is just the way The Pro's are doing, but they have deeeeeeep pockets !!!! VERY DEEEEEP ONES !
I had just to say this to be more clear about recovery system...and that doesn't mean that Nannigbob isnt wise guy at all, he is wise !

thanks to Alorente for sharing this good strategy and to all others for they contribution in this system.

regards
argon
  • #13,182
  • Oct 4, 2012 3:44am Oct 4, 2012 3:44am
Quoting kbeza
hi again. I've dowmloaded packet.zip from the first page but cannot see the tma bands in the template. I'm using Lorente large chart tpl. Idon't know which is the indi that shows the bands. This is what I see. Can someone help me? Thanks and sorry for my bad english.
Just Use the template included in The Packet, it works perfectly from my side, the latest in this thread is the ( Extreme TMA - New Version ).
Master Your Setup, Master Your self. (NQoos)
  • #13,183
  • Oct 4, 2012 3:51am Oct 4, 2012 3:51am
A lot of Risk Events Today so be careful, there will be a lot of volatility and watch out for the break of the 1.29500 on the EU, 4 times PA been rejected from this Resistance Level ( 38.2 Fibo Also ) just Look at your H1 charts to see and notice the ascending triangle ( Higher Lows ) PA patterns make us think that a break to the upside is imminent, very soon.

Enjoy.
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Master Your Setup, Master Your self. (NQoos)
  • #13,184
  • Oct 4, 2012 5:31am Oct 4, 2012 5:31am
By my reckoning, both M30 and H1 are OVERDUE to drop. So first look at M5 to see if it turns back before 1.2967. If yes, check if M15 follows soon after. If yes, high probablility that M30 and H1 will fall as well.

Even after the drop, H1 should should do another swing up, then H4 needs to do some cycles.

In the big picture, we're trying to end the D1's up move. That usually takes some time, because of the required cycling of the lower charts to get the job done.

DrDave

Quoting bassramy
A lot of Risk Events Today so be careful, there will be a lot of volatility and watch out for the break of the 1.29500 on the EU, 4 times PA been rejected from this Resistance Level ( 38.2 Fibo Also ) just Look at your H1 charts to see and notice the ascending triangle ( Higher Lows ) PA patterns make us think that a break to the upside is imminent, very soon.

Enjoy.
To free Gazans of Hamas, use whatever it takes.
  • #13,185
  • Oct 4, 2012 5:37am Oct 4, 2012 5:37am
Daily Performance Illustrated .
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Master Your Setup, Master Your self. (NQoos)
  • #13,186
  • Oct 4, 2012 5:38am Oct 4, 2012 5:38am
GBPUSD

The GBPUSD moved lower today from the pin bar trading strategy that we discussed in yesterday’s commentary. We do see the potential for more downside movement in this market, and traders can watch for price action sell signals on any rotations higher into resistance. There’s a near-term resistance level just above around 1.6160 that we could watch for 1hr, 4hr or daily chart sell signals if the market pushes higher in the near-term. We see support down below around 1.5910 and then further beneath that at the key 1.5775 level. A close above that 1.6160 near-term resistance would cause us to take a more neutral bias on the market rather than our current bearish bias.
[u]
Copyrights :Forex Trading Commentary by Nial Fuller
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Master Your Setup, Master Your self. (NQoos)
  • #13,187
  • Oct 4, 2012 6:05am Oct 4, 2012 6:05am
Classic Technical Analysis Daily 10.04.2010

 

  1. EURUSD
  2. USDJPY
  3. GBPUSD
  4. USDCHF
  5. USDCAD
  6. AUDUSD
  7. NZDUSD
  8. EURJPY
  9. GBPJPY
  10. EURGBP
  11. US Dollar Index

Enjoy.

Master Your Setup, Master Your self. (NQoos)
  • #13,188
  • Oct 4, 2012 6:11am Oct 4, 2012 6:11am
Contemplating on AU Long.
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Master Your Setup, Master Your self. (NQoos)
  • #13,189
  • Edited 7:05am Oct 4, 2012 6:36am | Edited 7:05am
I think it fell, no?

Quoting DrDave
By my reckoning, both M30 and H1 are OVERDUE to drop. So first look at M5 to see if it turns back before 1.2967. If yes, check if M15 follows soon after. If yes, high probablility that M30 and H1 will fall as well.

Even after the drop, H1 should should do another swing up, then H4 needs to do some cycles.

In the big picture, we're trying to end the D1's up move. That usually takes some time, because of the required cycling of the lower charts to get the job done.

DrDave
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To free Gazans of Hamas, use whatever it takes.
  • #13,190
  • Oct 4, 2012 7:11am Oct 4, 2012 7:11am
H1 needs to end its up leg, which can also end H4's up leg. So when the small charts start to fall, it is to bring down the H1/H4.

M5 has not turned back yet, so the up move is not yet stopped.

I use the non-repainting TMA. The M5 could very well make it up to the top band. However, M1 indicates highly probable that M5 is already finished going up.

DrDave
Quoting bassramy
Contemplating on AU Long.
To free Gazans of Hamas, use whatever it takes.
  • #13,191
  • Oct 4, 2012 7:19am Oct 4, 2012 7:19am
One more rejection on Resistance ( Ceiling of the Ascending Triangle ) Long wicked Doji.
This is how it looks like in our language.
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Master Your Setup, Master Your self. (NQoos)
  • #13,192
  • Oct 4, 2012 7:31am Oct 4, 2012 7:31am
Maybe the Catalyst for the Break No change in Interest Rate of the Euro, watching the ECB Conference now , let's see.
Master Your Setup, Master Your self. (NQoos)
  • #13,193
  • Oct 4, 2012 7:37am Oct 4, 2012 7:37am
OK, the Bears took a stab at moving things down on M5, but the Bulls bullied them into giving up, and up we go some more.

Will have to wait for M5 to swing down again to see if the Bears can take over on the next attempt.

DrDave
Quoting DrDave
I think it fell, no?
To free Gazans of Hamas, use whatever it takes.
  • #13,194
  • Oct 4, 2012 7:38am Oct 4, 2012 7:38am
Triangle is broken let's see if it closes Above resistance.
Master Your Setup, Master Your self. (NQoos)
  • #13,195
  • Oct 4, 2012 8:07am Oct 4, 2012 8:07am
EVERY chart has now turned up; we're in a full-blown uptrend. If you're buying on pullbacks, be alert for the pullbacks to be trend reversals.

DrDave
Quoting DrDave
OK, the Bears took a stab at moving things down on M5, but the Bulls bullied them into giving up, and up we go some more.

Will have to wait for M5 to swing down again to see if the Bears can take over on the next attempt.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #13,196
  • Oct 4, 2012 9:59am Oct 4, 2012 9:59am
For the Dear Members of this thread, Read this during the weekend or when you have sometime :

Traders Magazine
Master Your Setup, Master Your self. (NQoos)
  • #13,197
  • Oct 4, 2012 10:04am Oct 4, 2012 10:04am
Expect a reversal of the EU on the upper Band of the H4 TF unless FOMC tonight gives it another reason to Rally.
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Master Your Setup, Master Your self. (NQoos)
  • #13,198
  • Oct 4, 2012 10:16am Oct 4, 2012 10:16am
Is Al coming back to thread???
  • #13,199
  • Edited 11:48am Oct 4, 2012 11:35am | Edited 11:48am
I took some time to do a longer look at the EURUSD using MN, MN2, MN4 and MN8 charts. I make use of 1-2-3 cycles. Sometimes they extend further, sometimes they get cut off. But it doesn't really matter.

The MN and MN2 have either completed a down cycle of 1-2-3, plus a partial up cycle of 1-2, or else have completed 1-2-3-4-5 down. The evidence favors 1-2-3 plus 1-2 up, that puts it working on leg 3 up. But in either case, we are in a long term up move.

Trendline plus Fib analysis point to good possiblility of reaching 1.41, about 72% Fib level. Old legs tend to run about 8 bars. Currently, forming bar 3. If the bars stay about the same average size as we have now, this extrapolates to 1.3950.

Let's revisit this in March, 2013 and see how it is playing out.

Happy hunting.

DrDave

Quoting DrDave
EVERY chart has now turned up; we're in a full-blown uptrend. If you're buying on pullbacks, be alert for the pullbacks to be trend reversals.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #13,200
  • Oct 4, 2012 11:47am Oct 4, 2012 11:47am
But check M5 to drop first. If you can't sustain the fall on M5, it can't turn into an H4 reversal.

When M5 does fall again, it is important that M15 follow soon after. If M5 goes back up to make a new high before M15 gets turned, its another failed attempt. This is why entering trades at the extreme band without confirmation of a trend change can result in stops getting hit or going into big drawdown (or entering recovery).

For the down move to progress, every chart under H4 must turn, then rally before continuing down. The rally takes price back up to make a spot from which to fall even further, not to rally to start/continue an uptrend.

DrDave

Quoting bassramy
Expect a reversal of the EU on the upper Band of the H4 TF unless FOMC tonight gives it another reason to Rally.
To free Gazans of Hamas, use whatever it takes.
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