Extreme TMA System

Nice and cozy corner , all the best to you.

Hello Al,

I'm new in the world of forex and would like the opinion of an expert to start trading without losing too much money.

I hope you can help me.

A +

So, this means, they are great indicator! Just trade against them. :-)

BTW: Whatever I do, I get 1,2650-1,2600 (630-640 most likely) as next down target before upwards retracement (reversal?) can take place. H1. H1 and H4 also show now already strong bullish divergence. D1 and W1 trends seem to be intact for now. So, no clear direction for me ATM.

BR

Dear Bassramy,

one question. With period 56 of slope. How we are looking at ranging 40 -40 or 50 -50?

The JPY pairs are ready to go down! Follow the white rabbit "PRICE ACTION"

http://www2.picturepush.com/photo/a/...0/11384985.jpg

I am trying to code EA and would like to know how to access the angle/direction of the TMA bands through the code.
For instance if the bands face at arround 2 o'clock i only place long trades and 3 o'clock can take both buy and sell.

the current Level is a strong one just switch to H4 or the D1 to see the forest from the trees and then 635 is a Logical Target, in a Bear trend i like to look @ previous support more than previous Resistance so i think the 2505 - 2510 will form a strong support area for the EU to bounce from.

0.4, -0.4

Agree. Strong weekly support around 1.2650 - 1.2620.

The Week Ahead:

Monday, November 12

Eurogroup meeting
Also Interesting: Russia GDP, Israel Trade Balance, Czech Republic CA, Poland CA, Mexico IP

Tuesday, November 13

UK CPI: A slight uptick to 2.3%yoy from last month’s reading of 2.2%yoy is forecast.
Greece T-Bill Auction
Chile Monetary Policy Meeting: no change in the policy rate, currently at 5.0%, is forecast.
Also Interesting: Italy HCPI, Spain HCPI, Hungary Consumer Prices, UK CPI

Wednesday, November 14

China National Congress scheduled to end
US Retail Sales: Our expectation is for a reading of -1.2%, down from 1.1% last month, and lower than consensus at -0.2%.
US PPI: We expect a more subdued rise of 0.3%, in line with consensus expectations after a rise of 1.1% last month.
UK ILO Unemployment Rate (Sept): Our forecast is for the rate to remain stable from August at 7.9%.
UK BoE Inflation Report
Also Interesting: France HCPI, UK Employment Growth, Euro area IP, Poland Consumer Prices, Argentina CPI

Thursday, November 15

US Philadelphia Fed: We forecast a plus of 2.0, higher than consensus at 1.5 and lower than last month at 5.7.
US CPI: After last month’s rise of 0.6%, we forecast a stable reading from last month at 0.2%, in line with consensus.
US Empire Manufacturing Index
UK Retail Sales: Our forecast is for a decline to 2.2%yoy from last month’s 2.9%yoy.
Also Interesting: Russia Gross International Reserves, Turkey CA, Norway Trade Balance, Euro area GDP, Euro area HCPI, Canada
Manufacturing Sales, Canada Existing Home Sales

Friday, November 16

US IP: In line with consensus, we forecast a rise of 0.2% after a plus of 0.4% last month.
US Treasury International Capital (TIC)
Also Interesting: Italy Trade Balance, Hungary IP, Euro area Trade Balance, US Capacity Utilization, Mexico Real GDP

* * *

And for those who missed it before, here is a detailed calendar of Europen events until the end of the year from Deutsche.

November:

10 November: VVD-PvdA (Liberal-Labour) government to assume power in the Netherlands.
11 November: Greek 2013 Budget to be voted on in parliament.
12 November: Merkel visits Portugal.
12/13 November: Eurogroup/ECOFIN finance ministers’ meetings. Chances are EU finance ministers will still be discussing how to finance an extension of the Greek loan programme. Cyprus had aimed to agree its aid programme with the Troika in time for this meeting, but with international lenders resuming talks with Cyprus only on 9 November, the Eurogroup on 3 December now looks to be the likely timetable target.
13 November: Italy auction. Bills.
13 November: Greece auction. Bills.
14 November: Portuguese strike. The CGTP (General Confederation of Portuguese Workers), the largest trade union confederation in Portugal, is to stage a strike against the government’s austerity measures.
14 November: Italy auction. Bonds.
15 November: Q3 GDP reports. Eurostat will publish the flash estimate of euro area GDP growth for Q3 2012. DB's current estimate is -0.2% qoq11.
18 November: France UMP party leadership election. France’s main opposition party, the centreright UMP, is to elect its new leader. The congress is the party’s first since former French president (and then UMP leader) Nicolas Sarkozy lost the presidential elections in spring 2012. Francois Fillon, the moderate pro-European former prime minister under the presidency of Sarkozy, is favourite to be elected with Jean-Francois Cope, the Secretary General of UMP, being the other candidate.
19-20 November: ECB workshop on excess liquidity and money market functioning. ”The workshop organised by the ECB intends bringing together central bankers, practitioners and academics to discuss the current state of health of money markets, the impact on their functioning of the recently implemented non-standard measures and the possible side effects of large amounts of excess liquidity currently present in many developed economies” (European Commission). The market will watch this closely for any suggestions about the operations of the OMT and/or prospects for policy rates to fall into negative territory.
20 November: Spain auction. Bills.
21 November: Spain auction. Bonds.
22-23 November: EU Leaders’ Summit. Officially to discuss the EU Budget for 2014-2020, but also an occasion to address crisis policies (including Greece, Spain and Cyprus if necessary). Following the UK parliament’s rejection of the Cameron government position of a real-term freezing of the EU budget at worst — the opposition and rebels wanted a realterms cut — it appears unlikely the EU will yet reach a comprehensive agreement on the new Budget.
25 November: Catalonia regional election. Early elections for the parliament of the autonomous region called by Arturo Mas, head of the Catalan regional government.
25 November: Italy centre-left primaries, first round. The centre-left coalition led by the Italian Democratic Party (PD) is due to elect a leader for the Italian parliamentary elections to be held no later than April 2013. PD’s incumbent leader Pierluigi Bersani looks to be the favourite. with Matteo Renzi, the Mayor of Florence, likely to be his main challenger. Nichi Vendola, the governor of Puglia and leader of the junior coalition party SEL12, is the other prominent candidate. The first round is due to be held on 25 November. Should no candidate secure 50% of the vote, a second round run-off will be held on 2 December. PD is currently leading in the opinion polls with 25%-29% support in the opinion polls held in October.
27 November: Spain auction. Bills.
27 November: Italy auction. Bonds.
28 November: Italy auction. Bills.
29 November: Italy auction. Bonds.

December:

2 December (tentative): Italy centre-left primaries, second round. See 25 November entry.
3-4 December: Eurogroup/ECOFIN meetings. The regular meeting of the euro area 17 finance ministers followed by the EU 27 ministers.
4-6 December: German SPD Annual Party Conference.
5 December: Spain auction. Bonds.
5-7 December: German CDU Annual Party Congress.
6 December: ECB Governing Council meeting, followed by the interest rate announcement and press conference.
9 December: German SPD Party Special Conference to elect challenger for 2013 federal elections.
11 December: Spain auction. Bills.
12 December: Italy auction. Bills.
13-14 December: European Council summit. The final gathering of 2012 of the EU 27 heads of state and Government. One intention is to sign off on the legislation embodying the common bank supervisory regime under the ECB.
13 December: Spain auction. Bonds.
13 December: Italy auction. Bonds.
16 December (tentative): Italy PDL primaries. The centre-right Italian People of Freedom (PDL) party is planning to hold primaries to select its leader for the upcoming Italian parliamentary elections to be held no later than April 2013. The party was previously led by ex-Prime Minister Silvio Berlusconi, who announced on 24 October that he would not be running in the PDL primaries and would not be seeking re-election as Prime Minister.
18 December: Spain auction. Bills.
27 December: Italy auction. Bills.
28 December: Italy auction. Bonds.

We can see the market did continue lower into Thursday and Friday of last week, extending this new downtrend. This week, we will continue on with our bearish bias from last week whilst watching for price action trading sell signals on a rotation back up to resistance.

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On Friday, the GBPUSD lost significant ground as the recent bearish momentum continued into week’s end. We can see the pin bar setup from resistance back on November 1st that kicked off this recent move lower. This week, we are still bearish on this market but we could see a rotation higher in the near-term, if that happens we will look for a sell signal from resistance to rejoin the falling market. Resistance near 1.5975 would be a good level to sell from if an obvious intra-day or daily chart sell signal formed there.

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USDJPY – Dollar/Yen forms pin bar reversal after big sell-off

The USDJPY lost significant ground last week as it sold off after its recent surge higher. The market found support at the key support level / old breakout level near 79.00, forming a bullish rejection pin bar of that level on Friday. If price can get some traction from Friday’s pin bar we could see a retrace higher this week, but if we fall below that key 79.00 support level we are likely headed lower still.

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XAUUSD – Spot Gold market finds support

Gold put on quite a show last week as it found support off $1672.00 on Monday and then surged higher the whole week into the week’s close Friday. We can see the market moved all the way up to $1735.00 resistance and Friday it created a little false break of that level. This week, we could see the market rotate lower down towards near-term support at $1700.00 before pushing higher again. If that happens we would watch that $1700.00 support carefully for potential price action buy signals as we feel like last week’s explosive move higher could see more upside into the coming weeks.

All of these Price Action Analysis and Commentary are from the courtesy of our Friend Nial Fuller.

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http://www.forexabode.com/technical-analysis/eur-usd

According to Pro's...& my biggest challenge.




PC

I'm sorry to have to say this, but you are not alone. I'm right there with you...

BR

Thanks Mr C.
I prepare my best this time, to be undefeat in long run.
I wish you all a lot of pips

The first step is the acknowledgment that you have a problem, than identify it, than finding a solution to it, then implementing this solution, in one condition that this solution is the right one not a random one.

What is the benefit of having the most profitable strategy in the world if you don't have the discipline to accurately follow it and the patience to wait for the set up to fulfill the rules of that strategy.

The most important finding in my personal quest for profitability in the markets was, the discipline to exactly follow the rules, and the patience to wait for the rules to line up, and from there my equity curve pointed only up.

I'm very nervous about telling you a personal story because I'm exposing myself ( My wife and I are a very private persons in real life ) and by exposing oneself one doesn't care if the people believe his story, criticizes it or doubt it, anyway mine was that on my standard Account and from the moment i discovered how to control myself ( Discipline and Patience ) i never had 1 day of negative drawdown, i don't know if it seems cliche of a pretender or a scammer but this is the truth and i think i prove it in this thread.

I apologize for any convenience and with my best regards to all.

B.R.

I agree 100%
I apologize for any convenience and with my best regards to all.