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Extreme TMA System

  • #13,601
  • Nov 13, 2012 6:23am Nov 13, 2012 6:23am
Tho' much is taken, much abides; and though
We are not now that strength which in old days
Moved earth and heaven; that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
  • #13,602
  • Nov 13, 2012 6:28am Nov 13, 2012 6:28am
The EU and GU are hinting on a reversal, one more leg down is anticipated and then a retracement higher is due of course a confirmation is in order before we join the ride, no news catalyst is due today even bad news for the EU and good news for the GU has been released 2 -3 hours ago, taking in consideration the bear market in which we are this retracement should not extend long , we will see.
Attached Image(s) (click to enlarge)
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Master Your Setup, Master Your self. (NQoos)
  • #13,603
  • Nov 13, 2012 7:54am Nov 13, 2012 7:54am
Quoting bassramy
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,...

Hi Bass.


I know I have a problem, not only one actually. :-)

Anyway, I'd appreciate a PM. Perhaps we can address a few points easier that way, if you agree that is.


BR
  • #13,604
  • Nov 13, 2012 9:15am Nov 13, 2012 9:15am
Fiscal Cliff.
Attached Images
Master Your Setup, Master Your self. (NQoos)
  • #13,605
  • Nov 13, 2012 9:22am Nov 13, 2012 9:22am
The history of the second most traded commodity in the world.

http://images.onlinembaprograms.org....-the-world.gif
Master Your Setup, Master Your self. (NQoos)
  • #13,606
  • Nov 13, 2012 10:17am Nov 13, 2012 10:17am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting bassramy
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,...
“The good ones make it look easy” This is true but even the great ones need to follow their plan.

Thanks for sharing your story it’s encouraging for those who don’t yet believe it is possible to make a living as a retail investor and sometimes it’s this push you need to carry on.

PC,
Of all the things I've lost I miss my mind the most .
  • #13,607
  • Nov 13, 2012 10:29am Nov 13, 2012 10:29am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting tp0440
I'm sorry to have to say this, but you are not alone. I'm right there with you...

BR
Every time I read one of your posts I know you’re going to make it, you think like a good trader and say what you think, discipline is earned not given and your well on your way, I believe we are around the same point in our trading give or take so I can understand the feeling.
PC,
Of all the things I've lost I miss my mind the most .
  • #13,608
  • Nov 13, 2012 9:52pm Nov 13, 2012 9:52pm
Hi bassramy

Do you think short on USDJPY is a nice trade? H4 band crossed the D1 band and down.The H1 band crossed the H4 band and down.TMA slope looks good for short .Maybe we can short when PA climb above the top band of the H1. Can you give me some suggestion?Thank you for your help.

Best regards.
Fishcoo
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  • #13,609
  • Nov 14, 2012 2:46am Nov 14, 2012 2:46am
Good morning Bassramy
Thank you for your posts, I hope one day i will trade as well as you.
Can you post your trades? I mean, when you do a trade, just put EP, TP and SL.
So i will try to understand your way of doing.
Thank you very much
  • #13,610
  • Edited 3:49am Nov 14, 2012 2:53am | Edited 3:49am
Quoting Fishcoo
Hi bassramy

Do you think short on USDJPY is a nice trade? H4 band crossed the D1 band and down.The H1 band crossed the H4 band and down.TMA slope looks good for short .Maybe we can short when PA climb above the top band of the H1. Can you give me some suggestion?Thank you for your help.

Best regards.
Fishcoo
I took profit on all jpy pairs shorts that i traded last Friday, waiting for the retracement higher of the UJ to short with the trend and already have a sell limit order on the upper D1 Band, i had yesterday an against the trend ( I beg your pardon guys for doing this ) buy limit order on the lower H1 band targeting the upper D1 Band which didn't trigger so i canceled it and look what happened today anyway the retest of the break still valid but its not for me .

Here is another perspective :

USDJPY – Dollar/Yen Pin Bar Setup Update

The USDJPY has consolidated over the last two days after forming a bullish rejection pin bar strategy from key 79.00 support which we discussed in our weekly commentary from this week. It’s worth noting the market has retraced to just beyond the 50% level of Friday’s pin bar, providing traders with a 50% entry opportunity (one of the entry techniques discussed in my trading course) and a tight stop placement just beyond the pin bar low. This has provided savvy price action traders with a solid risk reward potential with resistance not seen until about 80.35 – 80.65. If the market continues to remain buoyant above 79.00 support we could see price move higher from this pin bar strategy, but if we break back below 79.00 we would expect more losses.

Forex Trading Commentary by Nial Fuller

http://clip2net.com/clip/m15546/1352...-clip-19kb.png
Attached Image (click to enlarge)
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Master Your Setup, Master Your self. (NQoos)
  • #13,611
  • Nov 14, 2012 2:59am Nov 14, 2012 2:59am
Quoting Iggo
Good morning Bassramy
Thank you for your posts, I hope one day i will trade as well as you.
Can you post your trades? I mean, when you do a trade, just put EP, TP and SL.
So i will try to understand your way of doing.
Thank you very much
Good morning to you too Sir, i will try to do so as much as i can but i don't promise you anything, thank you for your understanding and hope you have a magnificent day, mine didn't started well but c'est la vie et parfois elle est en Rose mais pas tout le temps ( If you don't understand French translate it in Google).

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #13,612
  • Nov 14, 2012 3:07am Nov 14, 2012 3:07am
Quoting bassramy
Good morning to you too Sir, i will try to do so as much as i can but i don't promise you anything, thank you for your understanding and hope you have a magnificent day, mine didn't started well but c'est la vie et parfois elle est en Rose mais pas tout le temps ( If you don't understand French translate it in Google).

Regards,
B.R.
Thank you, i´m quite lost in this world, seems extremely difficult for me.
My english is awful mais mon français est assez meilleur. La vie est dure mais on ne doit pas oublier que beaucoup de fois elle est en rose.
Very good luck!
  • #13,613
  • Nov 14, 2012 3:46am Nov 14, 2012 3:46am
3 Numbers to Watch: BoE report, US retail sales, Fed minutes

- UK Bank of England Inflation Report (10:30 GMT)

- US October Retail Sales (13:30 GMT)

- US FED FOMC Oct 23-24 Minutes (19:00 GMT)
Master Your Setup, Master Your self. (NQoos)
  • #13,614
  • Nov 14, 2012 3:53am Nov 14, 2012 3:53am
They are starting to talk about a GU Reversal one day after we talked about it and these are the pro's that live form the Markets, anyway this is today's Calendar.
Attached Image (click to enlarge)
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Master Your Setup, Master Your self. (NQoos)
  • #13,615
  • Nov 14, 2012 4:10am Nov 14, 2012 4:10am
Quoting Iggo
Thank you, i´m quite lost in this world, seems extremely difficult for me.
My english is awful mais mon français est assez meilleur. La vie est dure mais on ne doit pas oublier que beaucoup de fois elle est en rose.
Very good luck!
To understand this complicated world it takes time, a lot of time, the most important thing is to not expose yourself financially to it until you understand what's going on, keep demoing until you drop.

If your a newbie i can point you to some excellent free courses to get you started and like i said a lot of times there is no shortcut you have to pay your dues to the markets, it take 3 -4 -5 years of university to get you a profession and even then you have to do a lot off internship to get some real world experience and start working and begin to be successful, the financial markets are the same this is how this world is build, it take us humans a lot of time to master a trade this how it is , no shortcuts no get rich quick, get rich maybe but slow very slow.

J’espère que ça vous aide 1 Peu.

Meilleurs Salutations,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #13,616
  • Nov 14, 2012 4:13am Nov 14, 2012 4:13am
Quoting bassramy
I took profit on all jpy pairs shorts that i traded last Friday, waiting for the retracement higher of the UJ to short with the trend and already have a sell limit order on the upper D1 Band, i had yesterday an against the trend ( I beg your pardon guys for doing this ) buy limit order on the lower H1 band targeting the upper D1 Band which didn't trigger so i canceled it and look what happened today anyway the retest of the break still valid but its not for me .
Thank you for your advise , bassramy.
This is two charts of EURUSD,Oct 22 and Nov 14.We can see how the system works.
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  • #13,617
  • Nov 14, 2012 4:16am Nov 14, 2012 4:16am
Quoting Fishcoo
Thank you for your advise , bassramy.
This is two charts of EURUSD,Oct 22 and Nov 14.We can see how the system works.
And look how the D1 TMA Bands are turning slowly down (Bearish), and if we must talk about it for the people that still doubt this system, here is your proof.
Attached Image (click to enlarge)
Click to Enlarge Name: Earlier Post_EU.jpg Size: 102 KB
Master Your Setup, Master Your self. (NQoos)
  • #13,618
  • Nov 14, 2012 4:29am Nov 14, 2012 4:29am
Quoting bassramy
And look how the D1 TMA Bands are turning slowly down (Bearish).
Yes,the D1 TMA bands like a big ship . It change very slowly .

Bassramy , the PA reached the lower D1 Band and crossed up that the projected Range of the EU is reached and now is trying to run his course to the other band,do you think so ? but what time for a long trade may be a nice trade , do you have some good idear? The other leg of H4 may down ,so i think we will wait and see what will happen .

Best Regards.
Fishcoo
  • #13,619
  • Nov 14, 2012 4:32am Nov 14, 2012 4:32am
Quoting Fishcoo
Yes,the D1 TMA bands like a big ship . It change very slowly .

Bassramy , the PA reached the lower D1 Band and crossed up that the projected Range of the EU is reached and now is trying to run his course to the other band,do you think so ? but what time for a long trade may be a nice trade , do you have some good idear? The other leg of H4 may down ,so i think we will wait and see what will happen .

Best Regards.
Fishcoo
Refer to my post yesterday About EU and GU, anyway i think that a leg down is still in order waiting for it to go long.
Master Your Setup, Master Your self. (NQoos)
  • #13,620
  • Edited 9:59am Nov 14, 2012 9:36am | Edited 9:59am
Quoting bassramy
I took profit on all jpy pairs shorts that i traded last Friday, waiting for the retracement higher of the UJ to short with the trend and already have a sell limit order on the upper D1 Band, i had yesterday an against the trend ( I beg your pardon guys for doing this ) buy limit order on the lower H1 band targeting the upper D1 Band which didn't trigger so i canceled it and look what happened today anyway the retest of the break still valid but its not for me .
I missed my buy limit order by 5 pips yesterday and I didn't think that it will be today but momentum was high, so my UJ Sell limit order is been triggered as i post this, let's wait and see if it gonna work or not.

NU crumbled and broke the important 0.8100 support with it let's see if this breakout is real or is a fake-out, and so is the AU.
Master Your Setup, Master Your self. (NQoos)
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