Extreme TMA System | Page 725 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Hennis Extreme TMA System 105 replies

TMA Reality Tour 116 replies

Happs with TMA Trading Journal 25 replies

MTF TMA 287 replies

SnakeForce - simple TMA with alert? 3 replies

Attachments: Extreme TMA System
Exit Attachments

Extreme TMA System

  • #14,481
  • May 13, 2013 9:34am May 13, 2013 9:34am
Quoting Alex1932
Wonderful entrance on Wednesday for gold! output almost W1! {image}
I see you have a Multi Time Frame (MTF) indicator. Where might I be able to find this?
Gary
  • #14,482
  • May 13, 2013 9:47am May 13, 2013 9:47am
Settings for TMA Slope. I see it is suggested to use 20 instead of 56 period. I understand, but what about setting in between, like 32 ( a compromise) between the two. Is 20 or 56 the only two options?
Gary
  • #14,483
  • May 13, 2013 11:03am May 13, 2013 11:03am
@Gary, wit regards on the slope period settings, 20 is the official settings by our leader Big Al the owner of this forum and 56 period is jt a personal decision by some forum members and i believe it allows lots of breathing environment more relience and peaceful also builds up confidence wit this trading style. Jt go on and decide on which period will be suitable and favourable to ur person provided u keep to the rules on post 1.
P.S dont forget to change all other periods settings along.
Regards
  • #14,484
  • May 14, 2013 12:17am May 14, 2013 12:17am
Quoting Jnr6or
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
Don't worry about it buddy, the most important thing is capital preservation, even with all these trades open i can sleep soundly @ night not worrying about anything, because my money and risk managment is carefully planned ( Small position sizing, low leverage, 1:3-4 Risk:reward, etc... ).

Don't doubt yourself you will get there but do it slowly, don't rush things, consider it a 4 years college education which leads to open your business of trading, don't open live account until you are totally profitable on demo, don't rush things the markets will always be there, and even then start small because of the psychological effect of live trading and even then focus heavily on capital preservation, money and risk management, these are the holy grail of trading and Investing, nothing fancy.

Hope it helps.
Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,485
  • May 14, 2013 5:25am May 14, 2013 5:25am
Long time no see....
any news from Al?
  • #14,486
  • Edited May 15, 2013 12:14am May 14, 2013 6:30am | Edited May 15, 2013 12:14am
Quoting thewriter30
Long time no see.... any news from Al?
Nope, not @ all, Elvis has left the Building, nice to see you here too.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,487
  • May 14, 2013 6:32am May 14, 2013 6:32am
US Dollar Technical Analysis– Prices broke above resistance at 10588, the 23.6% Fibonacci expansion, exposing the 38.2% level at 10710. A further push higher beyond that aims for the 50% mark at 10809. The 10588 mark has been recast as near-term support.


http://media.dailyfx.com/illustratio..._Picture_5.png

Great, now we wait for the retest, i notice a bearish divergence on the RSI too, should correct lower after the Break.
Master Your Setup, Master Your self. (NQoos)
  • #14,488
  • May 16, 2013 1:10am May 16, 2013 1:10am
Something that i posted on another forum but not related to this system, hope it helps.

I'm still holding my S&P E-Mini, mini Dow, Nasdaq E -Mini, Nikkei E-Mini longs, and my Gold, CL Shorts, worth to mention that the Crude and after an early session heavy losses managed to get it back all and closed the day on the positive side forming a bullish pinbar rejecting Multiple support, however this bullish pinbar is in a downtrend so it could be a reversal bar or a continuation, confirmation is needed, we will wait and see.
I can see that bulls are defending this level heavily, this is the second pinbar that failed to close under this level in 4 days so its worth to mention.

NU @ multiple support, thinking of covering my shorts, waiting for the proper PA signal, my ACAD is heading to a multiple support level also thinking of covering my shorts but also waiting for PAS ( PA Signal ), AU also heading @ MSL ( Multiple support Level ) TFO ( Take profit order ) is waiting there, my EA ( EURAUD) is exactly @ Resistance, I'm Taking profit and closing all my longs after the formation of a Bearish pinbar or Bearish shooting star, reassessing the situation after today's close.

Thank you for your patience.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,489
  • May 16, 2013 1:38am May 16, 2013 1:38am
And another one.

EG is carving a big Desending triangle, PA being rejected Exactly from the ceiling of the Triangle or the Desending Trendline which was an excellent level to place a sell limit order, and which i did and targeting the floor of the Triangle.

I will be reassessing the situation later depending on the PA Signal on the floor level or support, my personal opinion is that this Triangle is @ + 80 % of his projection which making it Very Vulnerable to breakdown, i will be looking for volume surge confirmation with all the stop losses triggered and new sellers rejoin the down trend after the breakout confirmation.

I posted my Analysis of the EU Yesterday and still holding it.

Hope it helps, Regards.
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,490
  • May 16, 2013 1:46am May 16, 2013 1:46am
good day sir, tks for this info it helps alot. I'll take corrections. Pls do u think abt ucad
Regards
  • #14,491
  • May 16, 2013 2:55am May 16, 2013 2:55am
Does anyone have a alarm / alert version of tma slope 1.5 so that you get a email and a pop up alert box when it crosses the 0 line?
Gary
  • #14,492
  • May 16, 2013 4:27am May 16, 2013 4:27am
Quoting Jnr6or
good day sir, tks for this info it helps a lot. I'll take corrections. Pls do u think abt ucad Regards
After covering my shorts and taking profits @ the Bottom of the Lower D1 Band last week, i went long like i showed you 5 days ago @ the Break of the Descending trendline and didn't looked back since, the move is almost over we got another upward leg after the retracement bak down that we got from the rejection of the long term Descending Trendline.

Looking @ the Daily chart we can see that the UCAD is moving in a Descending channel ( Look @ the angle of your D1 TMA Bands on the H1 TF ) and this move should reverse @ the 2530 @ minimum, and on resistance of 2700'sh @ maximum pending unpredictable events.

Take a look @ last 2 week's chart and the updates

Regards,
B.R.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad_h1.png Size: 156 KB
Click to Enlarge Name: UCAD_H1.png Size: 141 KB
Click to Enlarge Name: UCAD_D1.png Size: 79 KB
Master Your Setup, Master Your self. (NQoos)
  • #14,493
  • Edited 7:31am May 16, 2013 4:39am | Edited 7:31am
I've got another good Short call on the GCHF but its still a little bit early for it, we will wait until the Break of the Ascending Trendline, the same for the UCHF showing signs of weakness with a bearish pinbar printed yesterday but in the middle of nowhere ( No support and no Resistance ) .
Master Your Setup, Master Your self. (NQoos)
  • #14,494
  • May 16, 2013 5:19pm May 16, 2013 5:19pm
Hello Bassramy! ¿Could you post your indicators and template? Would love to take a look to them in live. Thanks !
All my trades are in demo, dont do these things at home without permission!
  • #14,495
  • May 17, 2013 12:12am May 17, 2013 12:12am
Quoting o0AxeL0o
Hello Bassramy! ¿Could you post your indicators and template? Would love to take a look to them in live. Thanks !
Sir, all you need to trade this system is on the first page, thank you for asking.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,496
  • May 17, 2013 2:00am May 17, 2013 2:00am
Just to motivate u, is anybody still in that short, 734 pips on the first lot and 215 on the 2nd and counting, PA crossed the lower D1 band a long time ago but i didn't get any confirmation yet to cover my shorts so I'm letting my profits run and tightening my SL.

By the way, this is how it looks in live for those of you who's interested.

Regards,
B.R.
Attached Image (click to enlarge)
Click to Enlarge Name: AU_H1.png Size: 104 KB
Master Your Setup, Master Your self. (NQoos)
  • #14,497
  • May 18, 2013 4:58am May 18, 2013 4:58am
bassramy
How are you? I see you keep this alive. nice of you mate.

Question if you don't mind? Do you trade the system still? making money out of it Did you put your own spin or just following the page 1 rules?

I wonder why the OP disappear. Anyways, cheers

Hernan
  • #14,498
  • May 19, 2013 6:25am May 19, 2013 6:25am
Quoting thewriter30
bassramy How are you? I see you keep this alive. nice of you mate. Question if you don't mind? Do you trade the system still? making money out of it Did you put your own spin or just following the page 1 rules? I wonder why the OP disappear. Anyways, cheers Hernan
H., I'm trading a variation of this system, same basics but different rules for entry and exit, if I wasn't profitable i would have ditched this system a long time ago, I don't have time to waste on crappy systems, I'm trading it live with an excellent win rate and good average Risk:reward of 1:4-6 times.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,499
  • Edited 3:59am May 20, 2013 3:29am | Edited 3:59am
Some long term EU Analysis that i made on another thread.

Also the EU and AU are breaking their short term Descending trendlines, i will be ignoring the EU Break since the D1 Lower Band has not been reached yet.
As for the AU, our first rule has been met now i'm looking forward for the Break of the long term Descending trendline, BTS ( Bass's Trend System ), the DC upper Border and the cross of the CCI the 0 line which equal the 50 Level of the RSI to cover my shorts and go long, all of these should happen tomorrow for theses crosses are today above our ADR, the NU is following the same pattern .

Looking @ the long term view this reversal is exactly on the D1 Support Level .

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,500
  • May 21, 2013 7:58am May 21, 2013 7:58am
AUD/USD Technical Analysis

– Prices put in a bullish Piercing Line candlestick pattern, hinting at gains ahead. Initial resistance is at 0.9809, the 14.6% Fibonacci retracement, with a break above that exposing the 23.6% level at 0.9869. Near-term support is at 0.9710, the May 17 low.

http://media.dailyfx.com/illustratio..._Picture_5.png

US Dollar Technical Analysis

– Prices put in a bearish Dark Cloud Cover candlestick pattern below resistance at 10822, the 50% Fibonacci expansion, hinting a move lower is ahead. Initial support is at 10722, the 38.2% level, with a break below that targeting the 23.6% Fib at 10599. Alternatively, a reversal above resistance exposes the 61.8% expansion at 10922.

http://media.dailyfx.com/illustratio..._Picture_5.png

EUR/USD Technical Analysis– Prices put in a Bullish Engulfing candlestick pattern, hinting at gains ahead. Initial resistance is at 1.2901, the 23.6% Fibonacci retracement, with a break above that exposing the 38.2% level at 1.2966. Near-term support is at 1.2795, the May 17 low.


http://media.dailyfx.com/illustratio..._Picture_5.png
Master Your Setup, Master Your self. (NQoos)
3 traders viewing now