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Extreme TMA System

  • #13,241
  • Oct 9, 2012 5:31am Oct 9, 2012 5:31am
Quoting forexdaist
Hi everyboy,

I'm trying to do this wonderful system in 15M. Right now I hesitate about setup conditions in EURUSD, outside 1H low bounds and upper TF ranging. Do you take this trade?


Thanks in advance
Look @ your slope values indicator :

1 - W1 Positive and Weakening.
2 - D1 Negative and going down.
3 - H4 negative and going down.
4 - H1 Negative and going down.

And even your M15 Slope says sell only, It will be risky to go long in these conditions, very risky, even if your tempted, and like always the trend is your friend so do yourself a favor and take only these trades that goes with the trend.

Regards,
B.R.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 157 KB
Master Your Setup, Master Your self. (NQoos)
  • #13,242
  • Oct 9, 2012 5:41am Oct 9, 2012 5:41am
First, do you have an entry trade setup according to the rules? Go down the list of rules and check each one.

Second, it is often useful to apply some other technical analysis. TMA is just a tool to help you make a decision. There are a lot of other tools that can be used along with it. (You can eat a meal with just a fork, but a knife is a nice tool to use along with the fork.)

Read this post again and see if you find something to guide you in direction.
http://www.forexfactory.com/showthre...61#post6072261


Quoting forexdaist
Hi everyboy,

I'm trying to do this wonderful system in 15M. Right now I hesitate about setup conditions in EURUSD, outside 1H low bounds and upper TF ranging. Do you take this trade?


Thanks in advance
To free Gazans of Hamas, use whatever it takes.
  • #13,243
  • Oct 9, 2012 5:59am Oct 9, 2012 5:59am
Quoting DrDave
First, do you have an entry trade setup according to the rules? Go down the list of rules and check each one.

Second, it is often useful to apply some other technical analysis. TMA is just a tool to help you make a decision. There are a lot of other tools that can be used along with it. (You can eat a meal with just a fork, but a knife is a nice tool to use along with the fork.)

Read this post again and see if you find something to guide you in direction.
http://www.forexfactory.com/showthre...61#post6072261

Sorry, I understand. I've read the rules several times, but I thought they were for trading 4H or 1H. I like smaller TF.

I also study price action. Sorry, but I'm a rooky trader. I read the whole thread, and I found it awesome. I'll try to learn all I can.


thanks
  • #13,244
  • Oct 9, 2012 6:30am Oct 9, 2012 6:30am
on eur/usd weekly we have a 3 fib ret. from top 38.2, 50.0, 78.6 and the bars I have thet same.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd weekly.jpg Size: 135 KB
  • #13,245
  • Oct 9, 2012 6:35am Oct 9, 2012 6:35am
Guys, I've been telling you this past month that i've been jobbing the GBPCHF every time PA retraced back to H4 upper band since the D1 trend is down.

Well guess what yesterday @ 14:00 GMT my profit target was hit after a long waited trade, you can find an explanation in the posted Pic, i like to mention that this is how i think that we should trade this system and obviously this is how I trade it, Only with the D1 Trend and never counter Trend.

Regards,
B.R.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf_h1.jpg Size: 156 KB
Master Your Setup, Master Your self. (NQoos)
  • #13,246
  • Oct 9, 2012 6:47am Oct 9, 2012 6:47am
Quoting bassramy
Guys, I've been telling you this past month that i've been jobbing the GBPCHF every time PA retraced back to H4 upper band since the D1 trend is down.

Well guess what yesterday @ 14:00 GMT my profit target was hit after a long waited trade, you can find an explanation in the posted Pic, i like to mention that this is how i think that we should trade this system and obviously this is how I trade it, Only with the D1 Trend and never counter Trend.

Regards,
B.R.
very good chart

this arrows red and blue what indi is this.
  • #13,247
  • Oct 9, 2012 8:30am Oct 9, 2012 8:30am
Quoting bassramy
Guys, I've been telling you this past month that i've been jobbing the GBPCHF every time PA retraced back to H4 upper band since the D1 trend is down.

Well guess what yesterday @ 14:00 GMT my profit target was hit after a long waited trade, you can find an explanation in the posted Pic, i like to mention that this is how i think that we should trade this system and obviously this is how I trade it, Only with the D1 Trend and never counter Trend.

Regards,
B.R.

Great example! I wonder if it is posible do the same estrategy in lower TF (15M with 1H). I've read in this post AL was doing it. But it's clear that he's got 30 years of experience asides of this great TMA tool.

My question: Do you think it could be aply focused in two TF? My favorite's 15M and 1H....


thanks
  • #13,248
  • Oct 9, 2012 8:58am Oct 9, 2012 8:58am
Quoting ixon
very good chart

this arrows red and blue what indi is this.
Its the super signal and its in our indicators repository, go back 20 - 30 pages you can find about 6 - 7 of them, or open on your upper right page the attachments Tab and search for it.
Master Your Setup, Master Your self. (NQoos)
  • #13,249
  • Oct 9, 2012 9:01am Oct 9, 2012 9:01am
Quoting forexdaist
Great example! I wonder if it is posible do the same estrategy in lower TF (15M with 1H). I've read in this post AL was doing it. But it's clear that he's got 30 years of experience asides of this great TMA tool.

My question: Do you think it could be apply focused in two TF? My favorite's 15M and 1H....


thanks
The one that u see in the Pic is the H1 TF and yes it could be applied to the M15 just scale down with your Troika TF's .
Master Your Setup, Master Your self. (NQoos)
  • #13,250
  • Oct 9, 2012 9:17am Oct 9, 2012 9:17am
Been searching for the Cause all day:
Why The Big Overnight ( Or the Morning for us ) Move In EURUSD? Citigroup Explains.

Just after 3:00 am Eastern, the EURUSD experienced a sharp large move lower, sliding by nearly 100 pips in under an hour, without what appeared to be a news catalyst (hardly that surprising in the New Illiquid Normal when one VWAP order can move risk by +/- 1%). For those curious what may have caused the sudden drop, here is one explanation from Citigroup.

Mid morning a hit to the Euro legged the whole equity market lower. Remember last night was the Eurozone finance minister meeting and the comment from Juncker afterwards on Greece was “I’m impressed by the performance of the Greek government, by the willingness of the coalition parties in Greece to undertake whatever will have to be undertaken in order to respond to our wishes,” so more positive. This meeting continues today. So why did the Euro fall? The best answer seems to be that the 10yr Spanish benchmark has changed from 5.85% Jan 2022 to the 4.8% Jan 24. As a result some systems been showing the wrong Bund/Bono spread and players spooked when the "old" spread moved out by more than 30bps. The spread is near unchanged at the moment. Yields themselves are actually unchanged also. Remember Merkel trip to Greece today.

This means that actually we should not have legged lower as we did, and maybe why we seem to bounce back currently. Into Alcoa tonight and the kick off of US earnings focus on q3 heightens.

That. Or someone just had a few yards to sell and just tested how deep the market bid truly is. Remember: it's a centrally planed market - we are all just tagging along.
Master Your Setup, Master Your self. (NQoos)
  • #13,251
  • Oct 9, 2012 9:23am Oct 9, 2012 9:23am
Something beside trading, a little bit fun.

10 Places To See…. Before They’re Gone
Master Your Setup, Master Your self. (NQoos)
  • #13,252
  • Oct 9, 2012 9:24am Oct 9, 2012 9:24am
All the good days. Quick question to all and especially AL. Should I avoid trading in December and January? What is your experience with it been?
  • #13,253
  • Oct 9, 2012 9:29am Oct 9, 2012 9:29am
The Markets Now.
Attached Image (click to enlarge)
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Master Your Setup, Master Your self. (NQoos)
  • #13,254
  • Oct 9, 2012 1:26pm Oct 9, 2012 1:26pm
W. D. Gan wrote that you must study the market and charts 1 hour every day for 5 years before starting to trade.

We see newcomers to this tread that want to read 1 page (or less) and begin to trade.

Quoting bassramy
Dear Sir,

There is no shortcuts, go to the first page read it all and reread it several times ( Like a 100 times or so ) until it sunk in, start to practice as per the rules on demo for as long as its necessary to become profitable, it could takes months or years but like i said there is no shortcuts.

Before going live with this system you should be able to tell the turning points of the pairs that you trade by simply looking @ your charts, that is called intuition,
There is no shortcuts. . .

Regards,
B.R.
To free Gazans of Hamas, use whatever it takes.
  • #13,255
  • Oct 9, 2012 3:33pm Oct 9, 2012 3:33pm
Quoting bassramy
Guys, I've been telling you this past month that i've been jobbing the GBPCHF every time PA retraced back to H4 upper band since the D1 trend is down.

Well guess what yesterday @ 14:00 GMT my profit target was hit after a long waited trade, you can find an explanation in the posted Pic, i like to mention that this is how i think that we should trade this system and obviously this is how I trade it, Only with the D1 Trend and never counter Trend.

Regards,
B.R.
Yes, you said it but i never knew that this was what you have been talking about. This goes a long way in telling us more about this system and how to really trade it. You are the reason why i am still on this thread because you really understand this system and try so much to share your knowledge about the system with a lot of us. Nice one. Keep it up.
************************* Knowledge is an endless research
  • #13,256
  • Oct 9, 2012 3:57pm Oct 9, 2012 3:57pm
Hi.

Although we are now in downtrend, watch for retracement on h1.

We have quite strong divergence forming up. Could bounce up big time, especially since US is back in action tomorrow.


BR
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd_d1.jpg Size: 171 KB
Click to Enlarge Name: eurusd_h1.jpg Size: 191 KB
  • #13,257
  • Oct 9, 2012 7:06pm Oct 9, 2012 7:06pm
Quoting bassramy
Guys, I've been telling you this past month that i've been jobbing the GBPCHF every time PA retraced back to H4 upper band since the D1 trend is down. ...
Looks like your first two entries were taken when the D1 trend was actually up, right? Isn't the blue dashed channel the D1 TMA? Or was it down at the time, but repainted to show it going up?

Nice trades, BTW.
  • #13,258
  • Oct 10, 2012 3:09am Oct 10, 2012 3:09am
Quoting tx413
Looks like your first two entries were taken when the D1 trend was actually up, right? Isn't the blue dashed channel the D1 TMA? Or was it down at the time, but repainted to show it going up?

Nice trades, BTW.
Read all our discussion on the Thread specially Al's on this subject.

In résumé, everybody should understand that this is a dynamic system ( Aka Repainting System ) very difficult to Trade and anticipate, what you see today tomorrow is gone, so yes this not the same picture that i had in 22.7.12 when i got my first entry.

That been said, we have to know that Currencies have dynamic ranges expanding and contracting all the time and that is in relation to a zillion factors, what we care about today is the immediate currencies projected true ranges and the TMA try to paint us 2 projected boundaries so we can work with, an upper one and a lower one, so every time a Pair comes close to his projected range and ATR boundaries it bounces Back, it not an accurate number but it can gives an idea where a Currency Pair might reverse, or not.

From my Experience with ADR and ATR which I'm still studying and researching, almost all the Pairs tend to respect their range give or take few Pips ( This few can be 1 to 100 ) depending on what's going on in their economy and in the world in that exact moment.

Hope it Helps.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #13,259
  • Edited 3:35am Oct 10, 2012 3:22am | Edited 3:35am
Quoting tp0440
Hi.

Although we are now in downtrend, watch for retracement on h1.

We have quite strong divergence forming up. Could bounce up big time, especially since US is back in action tomorrow.


BR
Tp,

Thank you for your comments, judging from your posts obviously we can see that you have a long bias on EU and you are totally entitled to.

I my friend don't have any bias whatsoever , i trade what i see on my charts and permit me to tell you that yes this is a good point to cover our short @ the bottom of the H4 band ( the down move isn't over yet but the lower H4 band is a good place to cover your short ) if we believe in this system and what it stands for which is ATR ranges.

2 things can happen to me now , i can cover my shorts now and wait for the PA to retrace back to the upper band of the H4 and then short again with the D1 trend, or i can ride the reversal back to the H4 upper band and then scale in back short with the trend, anyway wherever i decide to do i always respect the trend and flow with it not against it .

Regards,
B.R.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_h1.jpg Size: 151 KB
Master Your Setup, Master Your self. (NQoos)
  • #13,260
  • Oct 10, 2012 3:51am Oct 10, 2012 3:51am
Quoting bassramy
Tp,

Thank you for your comments, judging from your posts obviously we can see that you have a long bias on EU and you are totally entitled to.

I my friend don't have any bias whatsoever , i trade what i see on my charts and permit me to tell you that yes this is a good point to cover our short @ the bottom of the H4 band ( the down move isn't over yet but the lower H4 band is a good place to cover your short ) if we believe in this system and what it stands for which is ATR ranges.

2 things can happen to me now , i can cover my shorts now...

Hi Bass.

1. I'm working hard not to have any biass at all. As you described trading process is the only way to go.
2. All I'm saying is, downtrend is still young and will likely be hurt from bounces. D1 formed great bearish signal in last 2-3 days, but h1 is forming resistance.
3. My idea is - PA to lead the way. It seems, we could have a bounce up before the crash. Based on analysis, we could see 1,30 or more, than about 600-700 pips down. But I'm not claiming this will happen. My analysis shows that, so that's eventual trading scenario. What will happen - who knows? Whatever PA does, I'll follow.
4. The point is, I'm only trying to provide a warning to traders not to simply follow and enter short positions as it could hurt them.

BR
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