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Extreme TMA System

  • #14,361
  • Apr 15, 2013 2:58am Apr 15, 2013 2:58am
Quoting Jnr6or
hi bass, could u pls help me with this problem on expact tab attarched below? its with regards to ETMA dashbord producing wrong alarts. hope ur having a wonderful weekend? well its mothering sunday here today and am visiting. do have a wonderful day {image}
Try this one instead, if it doesn't work than u have a problem with your mini account ( Suffix = m) @ the end of the Pair Quote.
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File Type: mq4 Trix4Kids.mq4   12 KB | 1,055 downloads
Master Your Setup, Master Your self. (NQoos)
  • #14,362
  • Apr 15, 2013 3:11am Apr 15, 2013 3:11am
tks sir, i understand better now i'll work on it and let u know how it goes.
Hope u had a wonderful weekend?
Regards
  • #14,363
  • Apr 15, 2013 5:38am Apr 15, 2013 5:38am
Quoting bassramy
Gold Weekly {image} Gold Analysis: The emotions that surround the gold decline are typical of sentiment extremes and market turns BUT this is a market that the public has been heavily involved in for years and may therefore require additional downside. Levels of interest include where the decline would consist of 2 equal legs from the all-time high at 1398, the 2011 low at 1308.45. Ultimately, 1156/87 is a level that could...
Commodities continued there Crash from Friday, silver and Crude joined the Party and S&P is hinting of a reversal @ Resistance ( All time High).

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,364
  • Apr 15, 2013 7:14am Apr 15, 2013 7:14am
pls bass, what pair are u expecting a high probability setups this week. Pls share ur ideas.
Regards
  • #14,365
  • Apr 15, 2013 7:32am Apr 15, 2013 7:32am

US Dollar Higher as Gold, Oil and S&P 500 Race Downward.


THE TAKEAWAY:

The US Dollar has found fuel for a recovery from support as gold, crude oil and the S&P 500 are accelerating downward to start the trading week.
US DOLLAR TECHNICAL ANALYSIS– Prices are correcting higher from falling channel resistance-turned-support set from early March (now at 10444). Near-term resistance is at 10546, the the 23.6% Fibonacci expansion, with a break above that exposing the 38.2% level at 10642. Alternatively, a reversal below 10444 aims for the April 2 low at 10391.

http://media.dailyfx.com/illustratio..._Picture_4.png

S&P 500 TECHNICAL ANALYSIS – Prices are sinking after putting in a Bearish Engulfing candlesick pattern below resistance at 1594.50, the 61.8% Fibonacci expansion. Sellers are now testing below support at 1583.90, the 50% level, with a break below that exposing the 38.2% Fib at 1573.30. Alternatively, a reversal above 1594.50 aims for the 76.4% expansion at 1607.70.

http://media.dailyfx.com/illustratio..._Picture_3.png

GOLD TECHNICAL ANALYSIS – Prices are testing long-term support at 1397.50, the 100% Fibonacci expansion. A break lower on a weekly closing basis exposes the 123.6% level at 1303.50. The first layer of major resistance lines up at 1491.50, the 76.4% Fib.

http://media.dailyfx.com/illustratio..._Picture_2.png

CRUDE OIL TECHNICAL ANALYSIS– Prices declined as expected after putting in a Bearish Engulfing candlestick pattern below resistance at the underside of a previously broken rising trend line set from the March 4 low. Sellers are now testing below support is at 88.77, the 100% Fibonacci expansion, with a break below that exposing the 123.6% level at 86.67. Near-term resistance is at 90.87, the 76.4% Fib.

http://media.dailyfx.com/illustratio..._Picture_1.png
Master Your Setup, Master Your self. (NQoos)
  • #14,366
  • Apr 15, 2013 7:43am Apr 15, 2013 7:43am
Quoting Jnr6or
pls bass, what pair are u expecting a high probability setups this week. Pls share ur ideas. Regards
U know that i don't like to speculate, but i can tell u what i see now on my EXTMA System :

EU Long, GU Long, EA Long, I'm seeing weakness in the Yen pairs (EJ,CHFJ, AJ), and of course i'm short AU, NU, Gold, Slvr, Dax, and comtemplating going short ES ( S&P 500 Mini), UCAD Broke the Descending Trendline so i covered my shorts and I'm already flat.

This is a small summary of my current positions.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,367
  • Apr 15, 2013 8:23am Apr 15, 2013 8:23am
Quoting tp0440
Hi Bass. I know about your business or better, I remember. Gold and indexes are inversely correlated. So - yes, indexes are extremely bullish, but are awaiting a correction. When - no idea. But a long term move up on gold would require indexes to correct to the downside. DAX is normally the one giving indices for shorts, DJI for longs. What will be the trigger for this remains to be seen. BR
Hello all,

I am agree to gold and indexes are iversely correlated.

would you have an indicator mt4 that "measure" clues to see all on the same graph?

greeting of France
  • #14,368
  • Apr 15, 2013 8:44am Apr 15, 2013 8:44am
tks alot, as for me i'll take ur advice for food. I was wondering if i can get a scope of how u pinpoint ur stop loss points in each trade.
Hope am not askin too much am jt curious.
Regards
  • #14,369
  • Apr 15, 2013 10:07am Apr 15, 2013 10:07am
Quoting Jnr6or
tks alot, as for me i'll take ur advice for food. I was wondering if i can get a scope of how u pinpoint ur stop loss points in each trade. Hope am not askin too much am jt curious. Regards
I've been asked the same question last week on another forum, here's my answer:

My risk control strategy is 2.5 - 3 ATR stop loss, which usually depends on the volatility of every instrument that i trade however 1 very important rule should not be broken its the 2-4 % risk per trade and per account , i use dynamic position sizing management to keep my risk under these levels.

This is the simplest and most efficient Risk management strategy, first measure ur risk by pips ( 2-3 ATR or last high or low) and then manage Ur position sizing to keep it under 2-3 % for trade and account, when the trade goes in your favor and cover Ur risk close half your position, move your stop loss to Breakeven and let your other half run, trail your stop by 2-3 ATR until your stopped out.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,370
  • Apr 15, 2013 3:42pm Apr 15, 2013 3:42pm
Hello there and thank you for posting this, I've been doing great with this method. Hopefully u can continue to develop the indicators in the future. Thank you
trading alone is lonely
  • #14,371
  • Apr 16, 2013 5:50am Apr 16, 2013 5:50am
Intereresting to know if you are from this segment of the Society.
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Master Your Setup, Master Your self. (NQoos)
  • #14,372
  • Apr 16, 2013 9:55am Apr 16, 2013 9:55am
Gold Suffers a Record-Breaking Drop, Where to From Here?
Master Your Setup, Master Your self. (NQoos)
  • #14,373
  • Apr 16, 2013 4:12pm Apr 16, 2013 4:12pm
Quoting snoop34
Hello all, I am agree to gold and indexes are iversely correlated. would you have an indicator mt4 that "measure" clues to see all on the same graph? greeting of France
Hi Snoop.


I have an indicator for fx pairs, but not for indexes or commodities. And to tell you the truth... don't rely on indicators to much. Once you get your mind around PA, indicator will only slow you down.

If you fancy the FX cor-relator indicator, let me know. I'm not using it for a long time, but should be stashed somewhere. I do recall it's quite CPU heavy though.


BR
  • #14,374
  • Apr 16, 2013 7:25pm Apr 16, 2013 7:25pm
Quoting tp0440
Hi Snoop. I have an indicator for fx pairs, but not for indexes or commodities. And to tell you the truth... don't rely on indicators to much. Once you get your mind around PA, indicator will only slow you down. If you fancy the FX cor-relator indicator, let me know. I'm not using it for a long time, but should be stashed somewhere. I do recall it's quite CPU heavy though. BR



tp0440 hello, I am interested in all the indicators that work with the correlation, do not worried I work with the price action and price levels but I need to filter the signal can be an indicator of the correlation could help me.

greeting of France.
  • #14,375
  • Apr 17, 2013 1:20am Apr 17, 2013 1:20am
Hi.
Can someone please point me to where I can read about the Currencyslopestrength indicator please?
Thankyou
  • #14,376
  • Apr 17, 2013 8:06am Apr 17, 2013 8:06am
Try this one.
http://www.stevehopwoodforex.com/php...php?f=45&t=629

or
http://www.forexfactory.com/showthread.php?t=421569

and
http://www.currencynewstrading.com/c...eter-download/
  • #14,377
  • Apr 17, 2013 4:01pm Apr 17, 2013 4:01pm
what is that dot ment?
Attached Image
  • #14,378
  • Apr 18, 2013 1:04am Apr 18, 2013 1:04am
Quoting bird0
what is that dot ment? {image}
That is a repainting semaphore.
You can find it here http://www.forexfactory.com/showthre...17#post6291217
  • #14,379
  • Edited 8:30am Apr 18, 2013 5:59am | Edited 8:30am
I have been able Lately to trade the AN with a high degree of success, this is how my last trade looks like, I'm waiting for the rules to line up to cover my shorts on the lower D1 Band and go long .

Regards,
B.R.
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Master Your Setup, Master Your self. (NQoos)
  • #14,380
  • Apr 18, 2013 6:57am Apr 18, 2013 6:57am
Several Indexes are breaking there Ascending trendlines, Dax on the verge of breaking an important support, Unemployment Claims in 30 minutes is paramount, good luck trading them.

Regards,
B.R
Master Your Setup, Master Your self. (NQoos)
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