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Extreme TMA System

  • #14,461
  • May 9, 2013 6:57am May 9, 2013 6:57am
Quoting Jnr6or
good day bass, your welcome back, hope u had a nice time? Any highlights i'll appreciate. Usdjpy, Audnzd and usdcad on ur wonderful christmass tree chats
Aussie and Kiwi news was way better than expected and US Unemployment Claims surprised to the downside so we should see some AUD, NZD and USD strength today and tomorrow.

UCAD is on the verge of Breaking his descending trendline, PA just been rejected from it with the formation of a long tailed doji ( Volatility and indecision ), but i expect it to be broken this week if not sooner, my buy stop order is waiting @ the 600's or the 100 ADR, and i will be waiting for the retracement to enter another long like always .

I'm already long AN since yesterday and scaling in with the retest of the Break of the Long term Descending trendline and the excellent employment news that came better than the forecast on both the Aussie and the kiwi ( See Here ).

UJ is and like always tricky, these all sort of BOJ interventions make it very hard to apply TA or common sense, what i see is the slow carving of a triple top to end the bull run. The break of the ascending neckline will be the signal to short, but i will be very careful with that analysis and I'm flat for the time being waiting for a solid signal to short. The latest US unemployment news gave us another 65 pips spike up, will the descending trendline and resistance hold ?, i guess we will have to wait and see.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,462
  • May 9, 2013 10:55am May 9, 2013 10:55am
Tks for this information, i'll stick to it. Greetings
Regards
  • #14,463
  • May 9, 2013 5:29pm May 9, 2013 5:29pm
Does anyone have the TMA Slope indicator that is MTF where you can set it to a specific Time Frame?
Gary
  • #14,464
  • May 10, 2013 12:32am May 10, 2013 12:32am
AU is losing his mind and tumbling like a rock after breaking 1 year trading range.
Attached Image (click to enlarge)
Click to Enlarge Name: AU_H1.png Size: 118 KB
Master Your Setup, Master Your self. (NQoos)
  • #14,465
  • May 10, 2013 12:50am May 10, 2013 12:50am
Hello Everyone,

It is not easy to come back after a looooong time out. Could you please help me and let me know where on the thread I can find the template, indis, settings and all other things to have the same desktop as bassramy presented above?
Btw, information that it was not revelead on the thread would be very helpful also!

thank you,

Mike
  • #14,466
  • May 10, 2013 2:19am May 10, 2013 2:19am
Quoting musashikilla
Hello Everyone, It is not easy to come back after a looooong time out. Could you please help me and let me know where on the thread I can find the template, indis, settings and all other things to have the same desktop as bassramy presented above? Btw, information that it was not revelead on the thread would be very helpful also! thank you, Mike
Mike, thank you for the pm, you can find everything regarding to this system on the first page, bear in mind that the system on the first page is not the same as the one I'm trading, i have my own version of this system which i call it by sarcasm THE CHRISTMAS TREE because it contains a lot of colors and indicators.

Regards.
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,467
  • May 10, 2013 2:26am May 10, 2013 2:26am
Going long UCAD after all my rules has lined up, but not betting the Farm cause the TMA_CSS is still very bearish.

Regards,
B.R.
Attached Image (click to enlarge)
Click to Enlarge Name: UCAD_H1.png Size: 127 KB
Master Your Setup, Master Your self. (NQoos)
  • #14,468
  • May 10, 2013 2:31am May 10, 2013 2:31am
Quoting bassramy
{quote} Mike, thank you for the pm, you can find everything regarding to this system on the first page, bear in mind that the system on the first page is not the same as the one I'm trading, i have my own version of this system which i call it by sarcasm THE CHRISTMAS TREE because it contains a lot of colors and indicators. Regards. B.R.
Bassramy, thank you for the reply, it will save me time as I was going to search the thread for your system and template.
Btw, I am now waiting for first signals of selling USD/JPY.

Best regards,

Mike
  • #14,469
  • May 10, 2013 2:42am May 10, 2013 2:42am
Quoting musashikilla
{quote} Bassramy, thank you for the reply, it will save me time as I was going to search the thread for your system and template. Btw, I am now waiting for first signals of selling USD/JPY. Best regards, Mike
You should be searching for a signal to go long UJ not short, be careful.
Master Your Setup, Master Your self. (NQoos)
  • #14,470
  • May 10, 2013 3:08am May 10, 2013 3:08am
My disciplined mind is preventing me from shorting the EU and GU, he keep telling me that today is Friday, even thought my impulsive and gut feeling is telling me to short because all the signals are there, maybe i will be better listening to my Reason rather than my emotions for this is the sure way for long time success.
Attached Image (click to enlarge)
Click to Enlarge Name: GU_H1.png Size: 135 KB
Master Your Setup, Master Your self. (NQoos)
  • #14,471
  • May 10, 2013 3:14am May 10, 2013 3:14am
Quoting bassramy
{quote} You should be searching for a signal to go long UJ not short, be careful.
Japanese Yen: USDJPY Finally Breaks 100 but There is Reason for Caution
Next to the greenback, the yen offered up the most consistent move in the FX market. The currency suffered losses at the hands of all of its major counterparts. Where did this bought of weakness come from? As discussed above, there wasn’t a definable streak of risk appetite that would spur the carry-sensitive collective rallying. Nor was there an extraordinary catalyst on the yen’s docket. The March current account balance surged as the country extended its longest divestiture of US debt since 2008 and weekly capital flow measures showed another round of Japanese bond purchases this past week. This is a measure consequence of the yen’s changes these past months rather than a timely catalyst. The true driver for the market-wide tumble from the Japanese currency is likely the same trigger for gold’s selloff last month – a clear level, thin trading and the draw of a dense round of orders. After USDJPY broke 100, the fuse was lit. That said, follow through lacked the momentum that gold exhibited. Further, this is a move that inherently demands fresh risk taking. Can the market support that?
Master Your Setup, Master Your self. (NQoos)
  • #14,472
  • May 10, 2013 6:39am May 10, 2013 6:39am
Its one of these Friday's in the Markets, no major news releases but everything is going crazy, AU under 1.00, UJ OVER 100, UCHF breaking out major Descending trendline and a lot of pairs are hitting their ADR @ the NY open and even before the trading @ NYSE has began.
Master Your Setup, Master Your self. (NQoos)
  • #14,473
  • May 10, 2013 6:56am May 10, 2013 6:56am
Hey Bass how are you and the Extreme system doing? Just wondered if Alorente comes in here recently? Good trading
Tracking the Specialists.
  • #14,474
  • May 10, 2013 7:46am May 10, 2013 7:46am
Quoting Connected
Hey Bass how are you and the Extreme system doing? Just wondered if Alorente comes in here recently? Good trading
C., i'm good, thank you for asking, the ETMA system is excellent, making me a lot of pips as you can see from the posts, AL didn't came around lately i guess he's busy with some other system or something else, anyway greetings to you too and nice to see you here.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,475
  • Edited 4:07am May 11, 2013 1:16am | Edited 4:07am
Very Important fact to meditate for the next week.

US Oil Sees Massive Intraday Reversal on Commodity Recovery

Technical traders should take a look at a daily chart of oil. US oil (West Texas Intermediate) was down as much as 3.3 percent Friday, but the commodity managed to close out the day virtually unchanged. The result was the largest lower ‘wick’ or ‘tail’ since November 1, 2011. In other words, it was a remarkable intraday, bullish reversal. The initial decline seemed to follow the same mirror performance to dollar strength as the broader commodity market. Yet, the recovery sustainably higher volume shows a market look to mark a new trend next week.

Gold Crawls Back Above $1,440 to Offset Earlier Breakdown

As with crude, gold bulls fought their way back from a possible bearish trend shift. Friday, the metal finally slipped below the $1,440 floor that set up over the past two weeks. Considering we were waiting for the next move to confirm conviction after the previous drift post-April collapse, this stirred the market to life. Yet, the dollar rally didn’t seem to throw enough weight to break the alternative store of wealth. That said, the talk surrounding a QE3 taper can deal serious damage to the anti-dollar going forward. Fed chatter will be particularly important.


I sold these markets yesterday before the close but now and after the massive bullish momentum that surged before the close for the week in rejecting support, I'm reassessing my Analysis after the close especially for the Crude Light with this huge Bullish pinbar that printed.

More important is the legendary reversal from Strongly bearish to strongly bullish Momentum, this is an important signal that Buyers are still in control of this market, and its twice as big as the Gold one.
Master Your Setup, Master Your self. (NQoos)
  • #14,476
  • May 13, 2013 12:39am May 13, 2013 12:39am
good day bass, hope u had a wonderful weekend with ur family? Are u still long audnzd and usdcad?
  • #14,477
  • Edited 6:39am May 13, 2013 3:23am | Edited 6:39am
Quoting Jnr6or
good day bass, hope u had a wonderful weekend with ur family? Are u still long audnzd and usdcad?
Oui, here are my Current positions.

Update : J., now that i showed you my open trades I'm taken the post picture off.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,478
  • May 13, 2013 5:54am May 13, 2013 5:54am
wow! all of that? Permit me sir, Its just like a time bomb Seriously.
Well tks for that info.
Regards
  • #14,479
  • May 13, 2013 6:25am May 13, 2013 6:25am
Quoting Jnr6or
wow! all of that? Permit me sir, Its just like a time bomb Seriously. Well tks for that info. Regards
Do you think this is Over trading ?, look @ the Position sizing, this is how i like to diversify my short term Currencies Swing Portfolio, i wish i can show you my account statement also, but that will be unethical.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,480
  • May 13, 2013 8:33am May 13, 2013 8:33am
sir me doubting is like doubting myself too bt i was only complimenting on ur spirit in this market. Just wishing i could 1 day grow up like u. One day my brother.
Regards
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