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Extreme TMA System

  • #13,801
  • Edited 5:19am Dec 9, 2012 4:37am | Edited 5:19am
Quoting Mr C
I agree its very accurate but it depends on the operator.

Paul,
Like everything else in life, put a gun in anyone's hand and some will hit the target and some won't !!!!...., it all depends on expertise and experience.
Master Your Setup, Master Your self. (NQoos)
  • #13,802
  • Edited 5:37am Dec 9, 2012 4:51am | Edited 5:37am
Quoting tp0440
Yes. But I'm not yet sure what to expect:
1. journey to the bottom D1
2. this was retracement and we'll revisit D1 top on the way to w1 top

Time will tell. Don't forget, this was fundamental news, expected rate drop. Nothing confirmed. I'm just trying to say, picture is unclear ATM. Well, to me at least. I think we can go either way, trend was not changed yet.

EDIT: rationale for my thinking:
1. picture. We returned to TL, no penetration
2. We touched, but didn't penetrate fibbo 38.2 retracement



BR
T. My man like i told u so many times, yes we shoudn't trust a system 100% but we should believe in it if we gonna trade it, confidence is key buddy and its counter productive if we gonna be skeptical and critise every move and opportunitie the system creates this is called as you may already know paralyses by analysis.

Ah, and one more time the system proves that its forbbiden to trade against the D1 trend. Respect some basic rules and u will be on your way to success.

By the way all my EU and UCHF lower H4 Band limit target were hit on Friday, fruit of patience and discipline.

Regards.
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #13,803
  • Dec 9, 2012 4:56am Dec 9, 2012 4:56am
Quoting scott-ibm
~~~~~~~~~~~
Dear Bassramy :

when we use D1 temple , does all setting, all parameter , same as usual ??

or we need special take care of some parameter ? like TMA period , slope period, ?? ATR 2.0 or more ??

brs,

SCOTT
Scott, its the same H1 template and chart that we always trade, 3 TMA bands are plotted,H1 + H4 + D1, same old, same old my friend and with the same settings.
Master Your Setup, Master Your self. (NQoos)
  • #13,804
  • Dec 9, 2012 12:21pm Dec 9, 2012 12:21pm
Al, br,

Took me the weekend to read all of it. Regardless of the method or the test results, the best thing abt this thread is the updated technical analysis and market watch. But I do miss the cartoons!!!!
  • #13,805
  • Dec 9, 2012 4:13pm Dec 9, 2012 4:13pm
Ok, I will get back to the old template, the latest one is rather confusing to me...

EUR USD slope value: H1:-0.82, H4: 0.07 D1 0.03. I am entering long as we are at the 50% Fib retracement and we are outside the lower H4 TMA Band... I am going long for a slight retracement before entering short at aroud 1.2960 (if that happen)

20pips stop loss , 25 target

See you tomorrow guys
  • #13,806
  • Edited 5:50am Dec 10, 2012 4:39am | Edited 5:50am
Quoting ChanhXanh
Ok, I will get back to the old template, the latest one is rather confusing to me...

EUR USD slope value: H1:-0.82, H4: 0.07 D1 0.03. I am entering long as we are at the 50% Fib retracement and we are outside the lower H4 TMA Band... I am going long for a slight retracement before entering short at aroud 1.2960 (if that happen)

20pips stop loss , 25 target

See you tomorrow guys
For me today, the EU is retracing against the D1 TMA Trend but i won't take that trade because it breaks my rules, Further more my sell limit order is waiting @ the 30's to short with the trend, but if i were you and I'm taking this counter trend trade i will extend my limit target a little bit to 990 if not the 23.6 .

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #13,807
  • Dec 10, 2012 5:46am Dec 10, 2012 5:46am
Greetings from snowbound Russia.
Dear Bassramy, thank you for sharing your thoughts and ideas on trade opportunities.
Please take a look at NZDUSD pair and let us know if there might be a decent trade. The price is dangling around all three major upper bands and slope values look OK.
Thank you in advance!
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.gif Size: 43 KB
  • #13,808
  • Dec 10, 2012 6:27am Dec 10, 2012 6:27am
Quoting Cold_W
Greetings from snowbound Russia.
Dear Bassramy, thank you for sharing your thoughts and ideas on trade opportunities.
Please take a look at NZDUSD pair and let us know if there might be a decent trade. The price is dangling around all three major upper bands and slope values look OK.
Thank you in advance!
These things should happen before you short :
1- Break of the daily pivot which is very close.
2- Break of the Latest consolidation ( Which is called a higher low also ) down where i have a sell stop order, approximately @ the lower H1 Band.
3-RSI Breaking 50, very important .
4- Break of the up trendline.
Of course by then the slope will be negative.

I will take the trade when all of these rules were met and i will wait for the retracement back to the Upper H1 Band which will be i guess @ the same level as now, this trade is with the D1 Trend since the lower Band wasn't hit yet, i want to bring your attention to the fact that the NU is in strong bullish trend and resistance been hit last Wednesday.

Regards,
B.R.
Attached Image (click to enlarge)
Click to Enlarge Name: nu_h1_56.jpg Size: 154 KB
Master Your Setup, Master Your self. (NQoos)
  • #13,809
  • Dec 10, 2012 6:35am Dec 10, 2012 6:35am
Thank you for such an irrefragable answer!
Will look closely for those conditions to be met.
Any more pairs look promising to you?
  • #13,810
  • Dec 10, 2012 8:56am Dec 10, 2012 8:56am
Quoting Cold_W
Thank you for such an irrefragable answer!
Will look closely for those conditions to be met.
Any more pairs look promising to you?
I can see a nice short brewing on the UCHF, multiple confluence.

1 - Break of the D1, M1 Pivots and a W1 Pivot as a support.
2 -Price crossed H1 + H4 Bands and then down again.
3- RSI Crossed 50 level down.
4- Slope is in Range .
5- HA just turned red.

A retest of the break is due and then this baby will head south , keep in mind that the UCHF have formed an almost bearish pin bar on the Daily.
Master Your Setup, Master Your self. (NQoos)
  • #13,811
  • Dec 10, 2012 9:05am Dec 10, 2012 9:05am
Quoting bassramy
I can see a nice short brewing on the UCHF, multiple confluence.
Please don't be mad at me asking such a silly question, but I'm not quite sure what UCHF stands for...Is it USDCHF? Thank you!
  • #13,812
  • Dec 10, 2012 9:25am Dec 10, 2012 9:25am
Quoting Cold_W
Please don't be mad at me asking such a silly question, but I'm not quite sure what UCHF stands for...Is it USDCHF? Thank you!
Yes Sir this is the abbreviation that i use when analyzing the Markets specially FX.

EU= EURUSD = EURO.
GU= GBPUSD = CABLE.
UCHF= USDCHF = SWISSY.
UJ= USDJPY = YEN.
UCAD = USDCAD = LOONIE.
AU = AUDUSD = AUSSIE.
NU = NZDUSD = KIWI.

I can see a nice Bearish Gartley on the AU H1 TF.
Attached Image (click to enlarge)
Click to Enlarge Name: au_h1_gartley.jpg Size: 119 KB
Master Your Setup, Master Your self. (NQoos)
  • #13,813
  • Dec 10, 2012 9:36am Dec 10, 2012 9:36am
Quoting bassramy
I can see a nice short brewing on the UCHF, multiple confluence.

1 - Break of the D1, M1 Pivots and a W1 Pivot as a support.
2 -Price crossed H1 + H4 Bands and then down again.
3- RSI Crossed 50 level down.
4- Slope is in Range .
5- HA just turned red.

A retest of the break is due and then this baby will head south , keep in mind that the UCHF have formed an almost bearish pin bar on the Daily.
Hi.

Don't forget: it still stands - USDCHF short is EURUSD long. I might not like it, but it stands.
BTW: I took 25 pips today from EURUSD long. For not against trend, but setup was firm. Being against trend, I exited.

BR
  • #13,814
  • Dec 10, 2012 9:41am Dec 10, 2012 9:41am
Now it's totally clear!
I guess we should expect USDCHF to retrace somewhere between M&D pivots and then short.
Can you post screenshot on that Bearish Gartley on the AU?
  • #13,815
  • Dec 10, 2012 9:53am Dec 10, 2012 9:53am
Quoting tp0440
Hi.

Don't forget: it still stands - USDCHF short is EURUSD long. I might not like it, but it stands.
BTW: I took 25 pips today from EURUSD long. For not against trend, but setup was firm. Being against trend, I exited.

BR
Been preaching all day about the EU Retracement Higher, see my older posts.
Master Your Setup, Master Your self. (NQoos)
  • #13,816
  • Dec 10, 2012 9:54am Dec 10, 2012 9:54am
Quoting Cold_W
Now it's totally clear!
I guess we should expect USDCHF to retrace somewhere between M&D pivots and then short.
Can you post screenshot on that Bearish Gartley on the AU?
What, u didn't see my Screenshot ?.
Master Your Setup, Master Your self. (NQoos)
  • #13,817
  • Dec 10, 2012 9:59am Dec 10, 2012 9:59am
Quoting bassramy
What, u didn't see my Screenshot ?.
For some reason I only saw it few minutes later, after I asked.
  • #13,818
  • Dec 10, 2012 10:02am Dec 10, 2012 10:02am
Quoting tp0440
Hi.
BTW: I took 25 pips today from EURUSD long. For not against trend, but setup was firm. Being against trend, I exited.
BR
What was the TF that setup worked for you? Was it Extreme TMA system?
  • #13,819
  • Dec 10, 2012 6:19pm Dec 10, 2012 6:19pm
Quoting bassramy
Been preaching all day about the EU Retracement Higher, see my older posts.
Hi Bass.

Yes, but I'm more referring to larger move. You are saying USDCHF is to make larger move. Well, if that is so, EURUSD should also make a larger move, not only retracement. But since this is as you said for now against the trend, I took in the morning quick profit.

BR
  • #13,820
  • Dec 10, 2012 6:21pm Dec 10, 2012 6:21pm
Quoting Cold_W
What was the TF that setup worked for you? Was it Extreme TMA system?

A lot of reasons. Secondary was also TMA, so since this is a thread on TMA - yes, it did help.

Reasons for this in TMA sense were h4, h1 and min15 bottom, consolidation and for now pullback.


BR
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