Extreme TMA System

Markets.

And as usual, PA goes against the "news".This move up was exactly what I was giving warning from.Bass, to where do you see this move up continuing?BR

Hey Guys, this is for anyone knowledgeable in computers. I am looking to get a new desktop and am looking for a computer that can handle these programs on multiple monitors. Would like to get one reasonably priced as well. Thanks, Russ

Hi.

This is my home PC (sorry, for the mess ). All you need is Windows OS, graphic card with 2-3 outputs (DVI or HDMI). Almost every graphic card has 2 graphic ports, better ones 3, but avoid paying big bucks for premium graphic cards. No need.

The easiest way to implement this is to buy 2 fairly cheap graphic cards, which can be bridged one to another (with AMD this function is called crossfire). This enables you to either use both cards as if it would be one and have bigger graphic power, but more importantly for trading, such cards can act as independent picture generator, each for 2 monitors. So in my case, this means, I can connect with no fuss 4 monitors.

Just be careful also about connectivity. You'll likely need to connect 3 with DVI and 1 with HDMI. I guess any reasonable knowledgeable PC store should know how to consult you with this.

I use AMD Radeon 6670 graphic cards, but I guess there are newer thing available nowadays.

BR

How many inches?

:-) Why is that important?? Technically, there is more or less no limitations, but current monitors I use are 2x 24 and 2x 26, all with 1920x1200 pixels (so, format 16:10, not 16:9, which has resolution 1920x1024; this provides me a bit more height).BR

Thank you, BR. I really appreciate your help. Now, back to the regularly scheduled program..... : 0 )... i will be asking more topic related questions in the future... Thanks again, Russ

tp0440 - how to you manage to have MT4 display 2x2 charts on each of three screens?

Cheers

Mop

Hi.

I'm not sure, what's the problem? You can move your charts around, can't you? So, when you have multiple monitors:
1. Extend Windows desktop to all of them
2. Open MT4 platform and extend it to all monitors
3. Place charts however you please or use window aligning function within the platform (MT4 menu, Window, select an option)

BR

This is an anticipated move i don't know why your so surprised, see here, and that's why i said earlier in my post cover your shorts, check it out.

Hi Bass.

Who said I was surprised about the move up? Remember my warning whole 2 days before your post, that a big move up is coming? I traded it even. Not as much as I should have, but ok.

I am surprised about how volatile the move executed, which makes me think it could be more than just a simple retracement. That's why I'm asking you about how big you thing the move will be.

And on top, EU had crappy news (Spain downgraded, Greek unemployment over 25%, young over 54%; Italian and Spanish yield rising, etc.). On the other hand, US had very good news, still EURUSD moved up strong. So, "news" is ATM at least, just a load of bullshit. That's what I'm saying.


BR

Hi Guys,

While checking the thread, I thought came up to my mind: is there anyone here ACTUALLY MAKING money using the method???? To my surprise, the thread is now more of a general discussion on the market with just a bit of focus on the rules. I miss AL and the rise of the thread

Greets to all!

Mike

Hi

I have tested many trading systems but this system gave me most +ve results. There is only one problem that bar time, spread and TMA slope values display on top right corner but i want them in top left corner. I tried to change it through properties but after changing it automatically comes back to top right corner. Is there any other way to bring those labels on top left corner of chart? Any trader who can help me in finding the solution?

Thanks in advance

First Red HA Candle is printed on the upper H1 Band on EU + bear divergence on trix, have a good weekend everybody , signing off with the close of the London Session.

Regards.
B.R.

eur/usd I think we going up.

Good morning everybody a brief Markets Summary.

THE TAKEAWAY: The US Dollar is testing formative resistance while the S&P 500 is probing below critical support, hinting major trend reversals may be just around the corner.

S&P 500 – Prices are testing trend-defining support at 1424.90, marked by the March 27 swing high and the bottom of a rising channel set from the early June swing bottom. A break below this barrier is likely to mark a significant bearish reversal, initially exposing the 1400 figure. The first layer of significant resistance is in the 1461.10-66.10 area, defined by the underside of a previously broken rising trend line and the range top prevailing since mid-September.


http://media.dailyfx.com/illustratio..._Picture_5.png


CRUDE OIL – Prices are testing resistance at the would-be neckline of an inverse Head and Shoulders bottom (92.50), with a break higher implying a measured upside target at 97.96. Support stands at 87.66, the 38.2% Fibonacci retracement. A drop below that targets the 50% level at 83.76.


http://media.dailyfx.com/illustratio..._Picture_6.png


GOLD – Prices broke support at the bottom of a bearish Rising Wedge chart pattern after putting in a Dark Cloud Cover candlestick pattern at resistance in the 1790.55-1802.80 area. Negative RSI divergence reinforces the case for a downward reversal. Sellers are now testing below the 23.6% Fibonacci retracement at 1747.20, with a break below that targeting the 38.2% level at 1717.13. The Wedge bottom, now at 1764.25, has been recast as near-term resistance.


http://media.dailyfx.com/illustratio..._Picture_7.png


US DOLLAR – Prices are testing critical resistance in the 9928-38 area, marked by the late August swing bottom and the top of a falling channel set from the early June high. A break higher threatens to produce a significant upward trend reversal, initially exposing 9985. Rising trend line support is at 9890, with a break below that targeting 9823.


http://media.dailyfx.com/illustratio..._Picture_8.png

And Commodities.

Talking Points

 

1. Commodities Under Pressure as US Dollar Pushes Higher in Overnight Trade
2. US Economic Data, Citigroup Q3 Earnings Take Center Stage in Hours Ahead

Commodity prices are moving lower overnight as the US Dollar pushes broadly higher, applying de-facto downward pressure to assets denominated in terms of the benchmark currency. While single catalyst for the advance is not readily apparent, a pickup in haven demand for the greenback seems reasonable as traders cast a worried eye toward the week ahead. The third-quarter corporate earnings reporting season gathers pace over the coming days – 84 members of the S&P 500 are due to release results – and traders appear increasingly concerned that companies’ guidance will point to a deepening slowdown in global growth.
Citigroup Inc headlines today’s earnings docket. The earnings of large financial institutions may prove particularly telling in revealing the discrete and overlapping implications of economic and financial vulnerabilities plaguing the global outlook. With that in mind, traders will be keen to see not how the third-largest US bank faired over the past three months and where it sees its fortunes heading from here. On the data front, the spotlight is on September’s US Retail Sales data and October’s Empire Manufacturing survey of New York State factory-sector activity. Positive outcomes are likely to prove supportive for risk appetite (and by extension for key commodities), buoying hopes that a firmer US recovery will help offset sluggish performance elsewhere, and vice versa.

WTI Crude Oil (NY Close): $91.86 // -0.21 // -0.23%

Prices are testing resistance at the would-be neckline of an inverse Head and Shoulders bottom (92.50), with a break higher implying a measured upside target at 97.96. Support stands at 87.66, the 38.2% Fibonacci retracement. A drop below that targets the 50% level at 83.76.


http://media.dailyfx.com/illustratio..._Picture_3.png


Spot Gold (NY Close): $1754.48 // -12.87 // -0.73%

Prices broke support at the bottom of a bearish Rising Wedge chart pattern after putting in a Dark Cloud Cover candlestick pattern at resistance in the 1790.55-1802.80 area. Negative RSI divergence reinforces the case for a downward reversal. Sellers are now testing below the 23.6% Fibonacci retracement at 1747.20, with a break below that targeting the 38.2% level at 1717.13. The Wedge bottom, now at 1764.25, has been recast as near-term resistance.


http://media.dailyfx.com/illustratio..._Picture_4.png



Spot Silver (NY Close): $33.52 // -0.48 // -1.40%

Prices followed the completion of a Bearish Engulfing candlestick pattern with a break of range support at 33.66. Sellers are now testing beneath the next downside barrier at 33.18, the 23.6% Fibonacci retracement, with a daily close beneath that exposing the 38.2% level at 31.83. Negative RSI divergence bolsters the case for a downside scenario. The 33.66 level has been recast as resistance, with a push back above that targeting the 35.00 figure.


http://media.dailyfx.com/illustratio..._Picture_5.png

COMEX E-Mini Copper (NY Close): $3.704 // -0.048 // -1.28%

Prices edged through support at 3.707, the 23.6% Fibonacci retracement, to test the bottom of a falling channel set from mid-September. A push below this boundary targets the 38.2% level at 3.627. The 3.707 mark has been recast as near-term resistance, with a break above that aiming for the channel top at 3.802.


http://media.dailyfx.com/illustratio..._Picture_6.png

Just want to note that some Yen Pairs shorts are brewing in the Horizon, but need a little patience, and maybe a small AU long a continuation from last week.

Regards,
B.R.