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Extreme TMA System

  • #13,421
  • Oct 23, 2012 11:41am Oct 23, 2012 11:41am
Quoting bassramy
What TF ?

Speaking of EG, Nice short is setting with a nice divergence too, notice the slope he's crossing the 0 Line, short after the Retest Of the upper H1 Band maximum or the Middle line Minimum, Good observation.
Hi Bassramy could you post your indi and template? Really like the layout and was wondering if I could get it.
  • #13,422
  • Oct 23, 2012 5:05pm Oct 23, 2012 5:05pm
Quoting Fishcoo
I don't think so . This indicator will be repainted after a period of time
,so you can't trade only with it .

Regards,
Fishcoo

Thanks friend.
  • #13,423
  • Edited 1:06am Oct 24, 2012 12:23am | Edited 1:06am
Heavy Calendar today where FOMC is the main event risk, be careful.
And in Plain English :

Upcoming important economic announcements (New York time): 10/24/2012

3:00am EST: Euro-zone – French Flash Manufacturing PMI
3:30am EST: Euro-zone – German Flash Manufacturing PMI
4:00am EST: Euro-zone – German Ifo Business Climate
7:45am EST: Euro-zone – ECB President Draghi Speaks
10:00am EST: Euro-zone – ECB President Draghi Speaks
10:00am EST: United States – New Home Sales
10:30am EST: Canada – BOC Monetary Policy Report
11:15am EST: Canada – BOC Press Conference
2:15pm EST: United States – FOMC Statement
4:00pm EST: New Zealand – Official Cash Rate
4:00pm EST: New Zealand – RBNZ Rate Statement
Attached Image (click to enlarge)
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Master Your Setup, Master Your self. (NQoos)
  • #13,424
  • Edited 5:57am Oct 24, 2012 3:25am | Edited 5:57am
First, I want to again thanks a lot to bassramy, your post and pic are very useful and interesting.

Secondly I want to mention, that I use "20" period for TMA, I post pic so everyone can recall how it looks like
It is more curved then "56" and less repainting so I like it more

Finally at the end I want to share my ideas.
I use TMA, MA, RSI, TRIX, SLOPE - all indi that are useful for Extreme TMA System and me.
For confirmation and help to find entry I use great Supply and Demand concept by Sam Seiden. It help me to find where are buy or sell orders, so where price can turn in other side. It help me to understand market moves.
It work as a charm with TMA lines. For me it is excellent duo for my strategy(I attach some pic).
I'm testing it for a while - for me it is working. It help my confidence and patience.

source:
-Sam Seiden strategy:
http://www.forex-trading-relief.net/...n-Strategy.pdf

-Sam Seiden webinars (Supply / Demand and Odds Enhancers):
http://www.fxstreet.com/search/contr...1-e9bf77216d2f

-some S/D lesson
http://joker55511.blogspot.com/2010/...ly-demand.html

I recommend to check

Greetings.
Attached Image (click to enlarge)
Click to Enlarge Name: eu21.jpg Size: 213 KB
  • #13,425
  • Oct 24, 2012 7:00am Oct 24, 2012 7:00am
Quoting bassramy
Much better than the Lower H1 Band is the Lower H4 Band, this is the second wave down waiting for the third thrust down and a divergence after a small pullback up to take profit on the Lower H4 Band .
Third wave down is done with divergence like i predicted, time to go long but this trade is against the D1 Trend so don't place your Profit target too far, let's see if the market agrees with me .

Took profit on H4 lower Band and waiting patiently for the PA to retrace back up to the upper H4 Band to scale in short one more time.

Regards,
B.R.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_h1_56.jpg Size: 169 KB
Master Your Setup, Master Your self. (NQoos)
  • #13,426
  • Oct 24, 2012 7:16am Oct 24, 2012 7:16am
AJ, UJ, UCAD, Slope is crossing the 0 Line or trying.
Master Your Setup, Master Your self. (NQoos)
  • #13,427
  • Oct 24, 2012 8:05am Oct 24, 2012 8:05am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting Nes
First, I want to again thanks a lot to bassramy, your post and pic are very useful and interesting.

Secondly I want to mention, that I use "20" period for TMA, I post pic so everyone can recall how it looks like
It is more curved then "56" and less repainting so I like it more

Finally at the end I want to share my ideas.
I use TMA, MA, RSI, TRIX, SLOPE - all indi that are useful for Extreme TMA System and me.
For confirmation and help to find entry I use great Supply and Demand concept by Sam Seiden. It help me to find where are...
Hi, I noticed you are trading the H4 S&D levels on the H1 chart is this to reduce clutter or are you having to many false signals also are the Fibs part of your system.

Thanks, PC
Of all the things I've lost I miss my mind the most .
  • #13,428
  • Oct 24, 2012 10:29am Oct 24, 2012 10:29am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting bassramy
Third wave down is done with divergence like i predicted, time to go long but this trade is against the D1 Trend so don't place your Profit target too far, let's see if the market agrees with me .

Took profit on H4 lower Band and waiting patiently for the PA to retrace back up to the upper H4 Band to scale in short one more time.

Regards,
B.R.
Hi, B.R.

What are these and what settings are you using.

Thanks, PC
Attached Image (click to enlarge)
Click to Enlarge Name: 100_002.png Size: 265 KB
Of all the things I've lost I miss my mind the most .
  • #13,429
  • Oct 24, 2012 2:16pm Oct 24, 2012 2:16pm
Quoting Mr C
Hi, B.R.

What are these and what settings are you using.

Thanks, PC
Attachment

Appy a TMA band, than apply any moving average and for the option "apply to" don't select close, select "first indicator data". For example SMA7. Than select on TMA band to see the middle. You'll get the idea.

Somewhen in the past even an idicator based on TMA was created, where you could combine MAs in described way. Bass obviousely likes it, but as the whole system you have the downside: it repaints.

BR
  • #13,430
  • Oct 24, 2012 4:15pm Oct 24, 2012 4:15pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting tp0440
Appy a TMA band, than apply any moving average and for the option "apply to" don't select close, select "first indicator data". For example SMA7. Than select on TMA band to see the middle. You'll get the idea.

Somewhen in the past even an idicator based on TMA was created, where you could combine MAs in described way. Bass obviousely likes it, but as the whole system you have the downside: it repaints.

BR
Thanks, I was trying to match it with the Nonlag NRP MA and could not get it anywhere near.

PC
Of all the things I've lost I miss my mind the most .
  • #13,431
  • Oct 25, 2012 2:29am Oct 25, 2012 2:29am
Quoting bassramy
Took Nice Profit on GU Lower H4 Band, Now waiting for the Retracement Back up to the upper H4 Band to Scale in Short with the Trend and this time targeting the Lower D1 Band.
After the spike up because of the Better than expected GDP of the Cable I'm Contemplating on scaling in short with the trend when the rules lineup, needs a little more patience.
Attached Image (click to enlarge)
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Master Your Setup, Master Your self. (NQoos)
  • #13,432
  • Edited 3:30am Oct 25, 2012 3:04am | Edited 3:30am
Great. I was looking at GBPUSD. Setup is not yet correct, but should drop at least once more, actually quite a lot. Now after the move up I thought - no dice for now, but since obviousely you have the same thought....

BTW: I'm thinking the same for AUDUSD. (hint: strong bearish divergence, not confirmation with PA yet)


BR
  • #13,433
  • Oct 25, 2012 3:28am Oct 25, 2012 3:28am
Quoting tp0440
Great. I was looking at GBPUSD. Setup is not yet correct, but should drop at least once more, actually quite a lot. Now after the move up I thought - no dice for now, but since obviousely you have the same thought....

BTW: I'm thinking the same for AUDUSD.


BR
Actually AU is in up trend but a short can be a good trade cause the weekly trend is down, just look @ the D1 Bands how they are turning south, my guess is that a one more bullish push towards the D1 upper Band and then the AU will have a long bearish period but that is in the long term.

NU present a better set up to short just take a look @ it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au_h1_56.jpg Size: 153 KB
Click to Enlarge Name: nu_h1_56.jpg Size: 129 KB
Master Your Setup, Master Your self. (NQoos)
  • #13,434
  • Oct 25, 2012 3:41am Oct 25, 2012 3:41am
Quoting bassramy
...........
NU present a better set up to short just take a look @ it.
NZD and AUD move simmilary most of the time, setup is also very simmilar, slope numbers are a bit better on NZD, you have that point very correct, but PA setup actually looks better to me on AUDUSD. And my spread is better at AUD, so I don't really follow NZD, which might be a mistake, but it's a fact.

So, to recap: we have 3-4 options brewing, possible execution this week.
- AUDUSD short
- NZDUSD short
- GBPUSD short (1 leg missing)
- EURUSD short (1 leg missing??)

Which would mean, USidx should fly. Hm...

Well, will see.

BR
  • #13,435
  • Oct 25, 2012 4:12am Oct 25, 2012 4:12am
Quoting Mr C
Hi, I noticed you are trading the H4 S&D levels on the H1 chart is this to reduce clutter or are you having to many false signals also are the Fibs part of your system.

Thanks, PC
I'm still learning S&D method. I'm looking for S&D from D1, H4, H1, to 15M. Often there are levels under/below levels. I try to imitate Sam S. and learn from other source. I really like this concept, it fit to my way of thinking - market is buyers and sellers - nothing less nothing more.
Yes of course I use fibo. I'm looking for confluence from S&D, TMA line, Fibo, round numbers, trend lines.
Other interesting concept is "zero line" - if someone are interested I can explain it.

Another great source of S&D method:
http://www.forexfactory.com/showthre...ht=kenneth+lee
  • #13,436
  • Edited 6:40am Oct 25, 2012 6:27am | Edited 6:40am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting Nes
I'm still learning S&D method. I'm looking for S&D from D1, H4, H1, to 15M. Often there are levels under/below levels. I try to imitate Sam S. and learn from other source. I really like this concept, it fit to my way of thinking - market is buyers and sellers - nothing less nothing more.
Yes of course I use fibo. I'm looking for confluence from S&D, TMA line, Fibo, round numbers, trend lines.
Other interesting concept is "zero line" - if someone are interested I can explain it.

Another great source of S&D method:
http://www.forexfactory.com/showthre...ht=kenneth+lee...
Hi Nes, I just started trading off the H4 and it's easyer to see the S&R and S&D levels compared to lower TF, before I only took a quick look for trends on higher TF now I think I will stay with the H4 for a while like you I'm still learning and use multiple TF's.

I would be interested in your view of the "zero line".

PC,
Attached Image (click to enlarge)
Click to Enlarge Name: 95.png Size: 90 KB

Like here the move up was in the charts also bounced off mid D1.
Attached Image (click to enlarge)
Click to Enlarge Name: 95.1.png Size: 86 KB
Of all the things I've lost I miss my mind the most .
  • #13,437
  • Oct 25, 2012 7:07am Oct 25, 2012 7:07am
US Dollar Classic Technical Report 10.25.2012

Prices pulled back from 9963, the 38.2% Fibonacci retracement, to retest resistance-turned-support at the upper boundary of a falling channel set from the June 1 high (9904). The move appears corrective, with overall positioning still favoring a broadly bullish bias. A push through 9963 targets the 50% Fib at 10032. Alternatively, a drop below support targets rising trend line support at 9852.




http://media.dailyfx.com/illustratio..._Picture_5.png
Master Your Setup, Master Your self. (NQoos)
  • #13,438
  • Oct 25, 2012 7:08am Oct 25, 2012 7:08am
EURUSD Classic Technical Report 10.25.2012

Prices completed a bearish Three Inside Down candlestick pattern below falling trend line resistance set from May 2011 (now at 1.3112), hinting a move lower is ahead. Support stands at a rising trend line set from the June swing bottom (1.2966), with a break below that initially exposing 1.2823. Alternatively, push above resistance targets the 38.2% Fibonacci expansion at 1.3232.


http://media.dailyfx.com/illustratio..._Picture_5.png
Master Your Setup, Master Your self. (NQoos)
  • #13,439
  • Oct 25, 2012 8:26am Oct 25, 2012 8:26am
EURUSD D1 made a swing high, so I am looking for lower charts to rally to sell the down continuation. H4 was making the rally, so I am interested in a short setup from there. While waiting, I can use the H1 to find a sell setup that should pull down the H4 with it. I sold the H1 at 13:29 GMT. Indeed, this down leg on H1 has gone far enough to swing the H4 as desired.

DrDave

Quoting bassramy
EURUSD Classic Technical Report 10.25.2012

Prices completed a bearish Three Inside Down candlestick pattern below falling trend line resistance set from May 2011 (now at 1.3112), hinting a move lower is ahead. Support stands at a rising trend line set from the June swing bottom (1.2966), with a break below that initially exposing 1.2823. Alternatively, push above resistance targets the 38.2% Fibonacci expansion at 1.3232.


http://media.dailyfx.com/illustratio..._Picture_5.png...
To free Gazans of Hamas, use whatever it takes.
  • #13,440
  • Edited 3:35am Oct 26, 2012 3:23am | Edited 3:35am
AUDUSD not EURUSD

Unless we see some down moves that go too far, I am looking for pullbacks to buy. We need pullbacks followed by continuation legs to end the D1 up leg.

DrDave
To free Gazans of Hamas, use whatever it takes.
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