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Extreme TMA System

  • #13,481
  • Oct 31, 2012 5:52am Oct 31, 2012 5:52am
Quoting bassramy
For those of you who don't believe in Fibonacci, here's your Fibo-sandy.

Visually great presentation of fibbo, which would be better left out for the sake of the people there.

BTW: This caused (or banks helped) EURUSD rally, which is reaching interesting levels. No signal yet, and I can't say if we'll get it this week, but level are getting interesting for short again. Since I'm away I'm not sure I'll be able to get in in time. This goes for other US pairs also, epsecially considering USidx. Note again: it needs to consolidae first, so don't rush in opening any trades.

Edit: we might get double top in 5 min. Be carefull, ATM this could be SHORT term shorting opportunity, PA is up.

BR
  • #13,482
  • Oct 31, 2012 9:48am Oct 31, 2012 9:48am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
I believe the calendar news causes spikes but The News in general is just opinions from people who don't even trade and unless very significant does not dictate an immediate move.
Attached Image (click to enlarge)
Click to Enlarge Name: 95_v.2.png Size: 174 KB

Here another bounce off of mid D1 between W1 & D1 Pivot closed on upside of trend going long indicating the short is not to be.
Attached Image (click to enlarge)
Click to Enlarge Name: 95v03.png Size: 172 KB
Of all the things I've lost I miss my mind the most .
  • #13,483
  • Oct 31, 2012 10:39am Oct 31, 2012 10:39am
Quoting bassramy
For those of you who don't believe in Fibonacci, here's your Fibo-sandy.
cool picture
  • #13,484
  • Oct 31, 2012 10:49am Oct 31, 2012 10:49am
eur usd D Will it go up?
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd d1.jpg Size: 139 KB
  • #13,485
  • Oct 31, 2012 3:43pm Oct 31, 2012 3:43pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting imrich
Hi bassramy,

Is that an indicator? Can u share?
Same for the relative performance in post #13458, where can we get it?
Thanks in advance.
Attached Image (click to enlarge)
Click to Enlarge Name: DFX1.png Size: 359 KB
Of all the things I've lost I miss my mind the most .
  • #13,486
  • Edited 5:47am Nov 1, 2012 2:52am | Edited 5:47am
Quoting Mr C
Attachment
C. Thank you for answering that.

Good Read :

Guest Post: The Tremendous Economic Benefits Of Superstorm Sandy

EuroCurrency Volatility Index (EVZ) at Lowest Level Since March 2008, Diverges from VIX

The Fiscal Cliff, and counting (See Pic).
Attached Image
Master Your Setup, Master Your self. (NQoos)
  • #13,487
  • Nov 1, 2012 6:31am Nov 1, 2012 6:31am
Dear Bassramy,

what do you think about this setup short GBPJPY?

http://www.imagesup.net/?di=513517693771
  • #13,488
  • Nov 1, 2012 8:33am Nov 1, 2012 8:33am
Bassramy, what do you see to UJ short right now?
************************* Knowledge is an endless research
  • #13,489
  • Nov 1, 2012 9:02am Nov 1, 2012 9:02am
Quoting ForexSPB
Dear Bassramy,

what do you think about this setup short GBPJPY?
In any case it needs a little patience cause the H1 Slope is 0.50, and its against the Trend, if you decide to take this set up be prepared for a drawdown and don't set your profit target too far.
Master Your Setup, Master Your self. (NQoos)
  • #13,490
  • Nov 1, 2012 9:16am Nov 1, 2012 9:16am
Quoting Tess1
Bassramy, what do you see to UJ short right now?
UJ is in short term Bullish trend even thought its on the upper H1 Band i think that one more leg up to the Upper H4 Band is in order, completed with a bearish divergence of the Trix and the Stoch (Lower High), of course the slope still needs to range or cross negative before i do this.

I took profit on the lower H4 Band and I'm shorting now with 1 mini lot and I'm placing a Pending sell limit order on the upper H4 Band with a 100 pips emergency SL.
Master Your Setup, Master Your self. (NQoos)
  • #13,491
  • Nov 1, 2012 9:22am Nov 1, 2012 9:22am
Quoting bassramy
UJ is in short term Bullish trend even thought its on the upper H1 Band i think that one more leg up to the Upper H4 Band is in order, completed with a bearish divergence of the Trix and the Stoch (Lower High), of course the slope still needs to range or cross negative before i do this.

I took profit on the lower H4 Band and I'm shorting now with 1 mini lot and I'm placing a Pending sell limit order on the upper H4 Band with a 100 pips emergency SL.
Thanks for the analysis. I later saw the slope value going up to 42. I can see that it requires a lot of patience right now.
************************* Knowledge is an endless research
  • #13,492
  • Edited 9:41am Nov 1, 2012 9:24am | Edited 9:41am
Quoting Tess1
Thanks for the analysis. I later saw the slope value going up to 42.
How is your MT4 Is it still behaving abnormally. Yes the first green slope bar is showing her teeth, of course I'm talking about the 56 Periods, let's see how it closes.
I'm planning to scale in short the GU let's see how it goes, well not exactly now, waiting for the slope to range.
I can see 3 Kind of divergences on the GBPJPY, TRIX , STOCH, RSI, but the slope is still 0.56 .
Master Your Setup, Master Your self. (NQoos)
  • #13,493
  • Nov 1, 2012 10:23am Nov 1, 2012 10:23am
NZDUSD looks good for short. Slope H1 +20, H4 +19 D1 +14
  • #13,494
  • Nov 1, 2012 10:27am Nov 1, 2012 10:27am
Quoting ForexSPB
NZDUSD looks good for short. Slope H1 +20, H4 +19 D1 +14
Strong Bullish Trend Recheck your Charts.
Master Your Setup, Master Your self. (NQoos)
  • #13,495
  • Edited 11:04am Nov 1, 2012 10:34am | Edited 11:04am
Quoting bassramy
Strong Bullish Trend Recheck your Charts.
Rechecked but still the same

http://www.imagesup.net/?di=913517858262
  • #13,496
  • Nov 1, 2012 10:51am Nov 1, 2012 10:51am
Quoting ForexSPB
Rechecked but still the same
Sir,
Please reduce your image size when you post .
Thank u.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #13,497
  • Nov 1, 2012 11:05am Nov 1, 2012 11:05am
Quoting bassramy
Sir,
Please reduce your image size when you post .
Thank u.

Regards,
B.R.
Ok done.
  • #13,498
  • Nov 1, 2012 12:57pm Nov 1, 2012 12:57pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Anyone else have different readings for H1 Slope on H4 then on H1 & M15 charts.

PC

Also I would at least wait for price to drop below W1 Resistance and RSI confirmation before Short.
Attached Image (click to enlarge)
Click to Enlarge Name: Slope&Size_.png Size: 140 KB
Of all the things I've lost I miss my mind the most .
  • #13,499
  • Nov 1, 2012 1:46pm Nov 1, 2012 1:46pm
Quoting Mr C
Anyone else have different readings for H1 Slope on H4 then on H1 & M15 charts.

PC

Also I would at least wait for price to drop below W1 Resistance and RSI confirmation before Short.
Attachment
Yes i have the same problem but on D1 H4 H1. D1(H1=30) H4(H1=52) H1(H1=52) GBPJPY chart period 56
  • #13,500
  • Nov 1, 2012 1:51pm Nov 1, 2012 1:51pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting ForexSPB
Yes i have the same problem but on D1 H4 H1. D1(H1=30) H4(H1=52) H1(H1=52) GBPJPY chart period 56
As I moved up to D1 it affected H4... same as you, I checked with the original indicator from ExtremTMA and it does the same thing I will go over the code and see whats up.

PC
Of all the things I've lost I miss my mind the most .
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