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Extreme TMA System

  • #13,321
  • Oct 16, 2012 5:37pm Oct 16, 2012 5:37pm
Quoting ivanisevic
Hi Bassramy,

What indicator are you using for red and blue arrows on your chart?

It's a repainter also, like everything in ETMA. Don't hope for holly grail - it doesn't exist.
I think the indicator is called super signal and was posted once or twice in this thread. Try to look it up.


BR
  • #13,322
  • Oct 17, 2012 12:44am Oct 17, 2012 12:44am
Quoting tp0440
It's a repainter also, like everything in ETMA. Don't hope for holly grail - it doesn't exist.
I think the indicator is called super signal and was posted once or twice in this thread. Try to look it up.


BR
Thanks for your reply mate, I should have understood that before asking.
  • #13,323
  • Oct 17, 2012 3:45am Oct 17, 2012 3:45am
Quoting bassramy
Since This system is based on Average true projected ranges of any currency, when the PA of any giving pair had touched the higher ( Max range ) or lower ( Min Range ) off D1 bands or any TF, and rebounded back towards the other Band, i consider it bullish or bearish, for this particular pair have completed his projected range for that TF.

That been said, this is not always the case, currencies tend to extend or narrow their ranges depending on volume, volatility and market conditions and here the Slope can help a lot, any Pair over 0.8 is considered...
Thank you for your help ,bassramy.Can you share the indicator about stochastic_Divergence ,i think it is very useful to us.Thanks.

Best Regards.
Fishcoo
  • #13,324
  • Oct 17, 2012 3:47am Oct 17, 2012 3:47am
Quoting Fishcoo
Thank you for your help ,bassramy.Can you share the indicator about stochastic_Divergence ,i think it is very useful to us.Thanks.

Best Regards.
Fishcoo
Yes i can, here it is.
Attached File(s)
File Type: ex4 Stochastic_DivergenceMTF.ex4   13 KB | 750 downloads
Master Your Setup, Master Your self. (NQoos)
  • #13,325
  • Oct 17, 2012 8:05am Oct 17, 2012 8:05am
Good evening! I want to ask that this system has not yet know much about, and I need your aid that would understand the state of the market in the spread or not? ...
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 295 KB
  • #13,326
  • Oct 17, 2012 8:42am Oct 17, 2012 8:42am
Quoting Drolimjon
Good evening! I want to ask that this system has not yet know much about, and I need your aid that would understand the state of the market in the spread or not? ...
I'm sorry Sir, i don't understand your question, but if u wanna know more about this system ( I suppose this is the question ) try to read the first post on this thread several times until it sink in and then return here and ask questions, we will be more than glad to help.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #13,327
  • Oct 17, 2012 8:59am Oct 17, 2012 8:59am
Quoting bassramy
I'm sorry Sir, i don't understand your question, but if u wanna know more about this system ( I suppose this is the question ) try to read the first post on this thread several times until it sink in and then return here and ask questions, we will be more than glad to help.

Regards,
B.R.
I wanted to understand that this is the end of an uptrend?
  • #13,328
  • Oct 17, 2012 9:33am Oct 17, 2012 9:33am
Quoting Drolimjon
I wanted to understand that this is the end of an uptrend?
Mr bassramy is an experienced and wellinformed trader. He can explain whether it is End of the Trend or Reversal ! I am also waiting for his reply.

arasheed
  • #13,329
  • Oct 17, 2012 9:34am Oct 17, 2012 9:34am
Quoting Drolimjon
I wanted to understand that this is the end of an uptrend?
I Wish i had a crystal ball but unfortunately i don't, back to the analysis, EU appears overbought and due to a correction lower, now that he broke the Daily down trendline from the last high yesterday and the break of the last high @ 1.3070 the momentum profile turned bullish with a potential signs of exhaustion @ the next Resistance of 1.3170, look for a reversal in the form of a daily bearish candlestick pattern.

In other words, 13170 is a high risk short term level for bulls.

PA is on the D1 upper band and extend the H4 & H1 upper Bands which could trigger a short after a further confirmation from the slope and the other rules.
Additional Divergence is all over the board.

Hope it Helps.
Regards,
B.R.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_extma_h1_56.jpg Size: 131 KB
Master Your Setup, Master Your self. (NQoos)
  • #13,330
  • Oct 17, 2012 9:45am Oct 17, 2012 9:45am
Enjoy :

EURUSD :

Prices are testing above pivotal falling trend line resistance set from May 2011, a barrier reinforced by the 23.6% Fibonacci expansion at 1.3068. A confirmed break on a daily close above this boundary threatens to mark a major medium-term trend reversal, initially targeting the 38.2% level at 1.3235. Support remains at rising trend line set from the June swing bottom, now at 1.2914.A drop below that aims for 1.2823.




http://media.dailyfx.com/illustratio..._Picture_5.png
Master Your Setup, Master Your self. (NQoos)
  • #13,331
  • Oct 17, 2012 11:24am Oct 17, 2012 11:24am
Quoting bassramy
I Wish i had a crystal ball but unfortunately i don't, back to the analysis, EU appears overbought and due to a correction lower, now that he broke the Daily down trendline from the last high yesterday and the break of the last high @ 1.3070 the momentum profile turned bullish with a potential signs of exhaustion @ the next Resistance of 1.3170, look for a reversal in the form of a daily bearish candlestick pattern.

In other words, 13170 is a high risk short term level for bulls.

PA is on the D1 upper band and extend the H4 & H1 upper Bands...
Thank you very much
  • #13,332
  • Oct 17, 2012 11:30am Oct 17, 2012 11:30am
Hello Bassramy,

How do you define daily trend that should not be traded against? Do you use D1 TMA rebound plus slope modification to 40?
How should I use TMA Slope MTF? Schould I consider the numbers only, or their relative positions as well?
  • #13,333
  • Oct 17, 2012 3:40pm Oct 17, 2012 3:40pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Hi does anyone have the LC 1, 2, and 3 indicators in .ex4 or .mq4 that are shown on the bottom of the chart if so could you please post them or if you know where they can be found.
Thank you, PC
Attached Image (click to enlarge)
Click to Enlarge Name: TMAGIC_TEST_3.png Size: 121 KB
Of all the things I've lost I miss my mind the most .
  • #13,334
  • Oct 18, 2012 2:49am Oct 18, 2012 2:49am
Quoting Mr C
Hi does anyone have the LC 1, 2, and 3 indicators in .ex4 or .mq4 that are shown on the bottom of the chart if so could you please post them or if you know where they can be found.
Thank you, PC
Attachment
Here u go : See here and Download.
Master Your Setup, Master Your self. (NQoos)
  • #13,335
  • Oct 18, 2012 3:20am Oct 18, 2012 3:20am
Quoting bassramy
Here u go : See here and Download.
Interesting... Does it repaint?

BR
  • #13,336
  • Oct 18, 2012 3:46am Oct 18, 2012 3:46am
Quoting Mirra
Hello Bassramy,

How do you define daily trend that should not be traded against? Do you use D1 TMA rebound plus slope modification to 40?
How should I use TMA Slope MTF? Schould I consider the numbers only, or their relative positions as well?
Dear Mirra,

According to our system with the 56 Periods settings, the D1 TMA Band is considered the Daily Trend, when PA Cross the upper band and then down again i Consider this a beginning of a bearish Daily Trend and vice versa.

That been said, it doesn't always work that way, like the current situation of the EU, PA could penetrate D1 upper Band up and down and revisit this band several times before finally collapse or continue his bullish move with a strong Momentum generated from Heavy Risk events News or something else.

Because the TMA Bands are dynamic ( AKA : Repaint ) they keep following the PA until it reverse, and usually when it reverse it means that the range expansion of that currency is over and the PA will reverse back down with a vengeance, and the more PA Stretch the More the reversal will be violent.

How to determine when the move is over or out of steam has a little obvious secret to it.

Yes repainting can harm you when you enter early without confirmation from other tools but it can work magic when you take a good trade with the trend because it let you milk the move to the last pip, and that is exactly inline with my philosophy in trading, which is CUT YOUR LOSSES SHORT AND LET YOUR PROFITS RUN, and to my humble knowledge that is the Holy Grail in trading, which includes all the good habits of successful trading :

1 - MRM = Money and Risk Management.
2 - Discipline.
3 - Patience.
4 - Position Sizing.

Hope it Helps.

Regards,
B.R.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_extma_h1_56.jpg Size: 75 KB
Master Your Setup, Master Your self. (NQoos)
  • #13,337
  • Oct 18, 2012 3:53am Oct 18, 2012 3:53am
Quoting tp0440
Interesting... Does it repaint?

BR
Tp if he have a perfect entry and exit points then there is something wrong about it, like you always say there is no holy grail, if not than maybe, maybe it will work, i didn't try it but it looks that is not..
Master Your Setup, Master Your self. (NQoos)
  • #13,338
  • Oct 18, 2012 4:32am Oct 18, 2012 4:32am
UJ Broke the double down trendlines yesterday after printing a D1 pinbar, a follow up from 2 days ago .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UJ.gif Size: 12 KB
Click to Enlarge Name: d1 uj.jpg Size: 133 KB
Master Your Setup, Master Your self. (NQoos)
  • #13,339
  • Oct 18, 2012 5:32am Oct 18, 2012 5:32am
Inspiring :

Seven Attributes To Give You The “Edge”
Master Your Setup, Master Your self. (NQoos)
  • #13,340
  • Oct 18, 2012 5:52am Oct 18, 2012 5:52am
Quoting bassramy
Tp if he have a perfect entry and exit points then there is something wrong about it, like you always say there is no holy grail, if not than maybe, maybe it will work, i didn't try it but it looks that is not..
Yes it repaints the last two bars, i'm watching it in the trading simulator H1 tf however, the combination of the three indicators is not so bad.

Regards
Sabrina
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