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Extreme TMA System

  • #14,521
  • Edited 9:41am May 24, 2013 5:31am | Edited 9:41am
Again and Again, UCHF collapsing after Hitting the D1 Upper Band, I'm restricting myself from shorting on Friday so I'm staying out, Discipline is Discipline in good and bad times.
By the way this is a 1:3-4 Risk:Reward trade, if everything goes well.
GU and after Breaking above the Lower D1 Band is testing my Descending trendlines and my patience, a break above would give a reason to place a Buy limit order @ the retest of the Break on Monday.
Master Your Setup, Master Your self. (NQoos)
  • #14,522
  • May 24, 2013 7:10am May 24, 2013 7:10am
Hi bass I have question do all your parameters of atr of tma system arE same for every pair?
  • #14,523
  • May 24, 2013 7:58am May 24, 2013 7:58am
Quoting newagetk
Hi bass I have question do all your parameters of atr of tma system arE same for every pair?
I use the Median 2.5 for all the pairs .
Master Your Setup, Master Your self. (NQoos)
  • #14,524
  • May 24, 2013 9:41am May 24, 2013 9:41am
Quoting bassramy
Again and Again, UCHF collapsing after Hitting the D1 Upper Band, I'm restricting myself from shorting on Friday so I'm staying out, Discipline is Discipline in good and bad times.By the way this is a 1:3-4 Risk:Reward trade, if everything goes well.GU and after Breaking above the Lower D1 Band is testing my Descending trendlines and my patience, a break above would give a reason to place a Buy limit order @ the retest of the Break on Monday.
Update : @ 3.30 GMT, GU is making another attempt to break my Descending trendline this is the second one and should succeed in doing so.
Master Your Setup, Master Your self. (NQoos)
  • #14,525
  • May 24, 2013 6:27pm May 24, 2013 6:27pm
Thanks bass I searched everwhere on the net couldn't find it if you don't mind can you share your trendcci ındıcator
  • #14,526
  • May 25, 2013 2:14am May 25, 2013 2:14am
What I'm Reading today

There are countless bubbles in financial markets as global central banks attempt to inflate their way out of economic slowdown (e.g. the US Fed's QE measures). We think two of the biggest and most obvious ones are global equity markets (see: S&P 500, Nikkei 225) and bonds (everything from AAA-rated sovereign debt to junk bonds). The past week saw both take a simultaneous nosedive, and anyone can tell you that stocks and bonds are not supposed to move in the same direction.
The fact that both US Treasury Bonds fell (yields rose) as the S&P 500 tumbled warned that market conditions are anything but normal, and it feels as though markets are on the precipice of an indiscriminate and potentially violent deleveraging. Or in plain English: if we see stocks AND bonds continue recent tumbles, it would signal market panic and likely significant US Dollar strength.

First and foremost, we'll need to see whether this is truly the start of a turn in the S&P 500. Even if other markets don't necessarily follow suit, there's a good chance that stockmarket weakness will be enough to drive the Greenback higher. Secondly, it will be critical to watch whether we see the same sharp sell-offs in bonds and other asset markets. We're specifically talking about the things that are not supposed to move together like the Dow Jones and the 2-year US Treasury Note. If stocks fall as government bond yields rise (bond prices move inversely to yields), the Dollar could strengthen significantly as investors unwind speculative trades in a hurry.

Traders are nervous as we see the early signs that markets might unravel . And though the risk of overnight economic disaster is non-existent, no one wants to be the last one off of the sinking boat and it won't take much to spark the stampede. We'll tread carefully as markets show early signs of substantive reversal.

------------------------------------------------------

The Technicals

US DOLLAR TECHNICAL ANALYSIS– Prices put in a Dark Cloud Cover candlestick pattern, hinting a move lower may be ahead. Negative RSI divergence reinforces the case for a downside scenario. Initial support is at 10763, the 23.6% Fibonacci retracement, with a break below that targeting the 38.2% level at 10694. Near-term resistance is at 10876, the May 23 high.

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

S&P 500 TECHNICAL ANALYSIS – Prices are testing support in the 1649.60-51.60 area, marked by the 23.6% Fibonacci retracement, the 100% expansion and a rising trend line set from the April 18 low. A break below this barrier initially exposes the 38.2% retracement at 1629.40. Near-term resistance is at 1676.50, the 123.6% expansion, with a reversal above that eyeing the 138.2% mark at 1693.10.

http://media.dailyfx.com/illustratio..._Picture_6.png

GOLD TECHNICAL ANALYSIS – Prices completed a Bullish Engulfing candlestick pattern above support at 1348.97, the 38.2% Fibonacci retracement level, hinting at gains ahead. Initial resistance is at 1402.11, the 23.6% level, with a break above that targeting the 14.6% Fib at 1434.86 and the May 3 high at 1488.00. Alternatively, a move below support eyes the 50% expansion at 1306.02.

http://media.dailyfx.com/illustratio..._Picture_7.png

CRUDE OIL TECHNICAL ANALYSIS– Prices moved lower as expected after putting in a bearish Dark Cloud Cover candlestick pattern. A break below a horizontal support shelf at 93.84 exposes swing lows in the 92.11-19 area. Near-term resistance is at 96.92, marked by a falling trend line set from late January.

http://media.dailyfx.com/illustratio..._Picture_8.png
Master Your Setup, Master Your self. (NQoos)
  • #14,527
  • Edited 4:03am May 25, 2013 3:52am | Edited 4:03am
Quoting newagetk
Thanks bass I searched everwhere on the net couldn't find it if you don't mind can you share your trendcci ındıcator
http://www.forexfactory.com/showthre...39#post2874439
http://www.forexfactory.com/showthread.php?t=335366
http://www.forexfactory.com/showthre...88#post2586888
http://www.forexfactory.com/showthre...18#post2627318
http://www.forexfactory.com/showthre...93#post2551593
http://www.forexfactory.com/showthre...20#post2481920
http://www.forexfactory.com/showthre...24#post2426324
http://www.forexfactory.com/showthre...55#post2425955

Take your pick.
Master Your Setup, Master Your self. (NQoos)
  • #14,528
  • May 25, 2013 4:38am May 25, 2013 4:38am
Hi Bassramy,

If you don't mind, could you please share your indicators and template.

Thanks in advance.
  • #14,529
  • May 25, 2013 7:24am May 25, 2013 7:24am
Quoting bassramy
{quote} http://www.forexfactory.com/showthre...39#post2874439http://www.forexfactory.com/showthread.php?t=335366http://www.forexfactory.com/showthre...88#post2586888http://www.forexfactory.com/showthre...18#post2627318http://www.forexfactory.com/showthre...93#post2551593http://www.forexfactory.com/showthre...20#post2481920http://www.forexfactory.com/showthre...24#post2426324http://www.forexfactory.com/showthre...55#post2425955...


Dude what have you done sincere greetings from Turkey a lot
  • #14,530
  • May 26, 2013 9:24am May 26, 2013 9:24am
Quoting newagetk
{quote} Dude what have you done sincere greetings from Turkey a lot
Dude, this is what u find when u do a real search, your are welcome and greetings to you too from the land of the cedars, Lebanon.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,531
  • May 26, 2013 9:26am May 26, 2013 9:26am
Quoting ivanisevic
Hi Bassramy, If you don't mind, could you please share your indicators and template. Thanks in advance.
Sir, you can find all that u need to trade this system on the first page, thank you for asking.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,532
  • Edited 6:07am May 27, 2013 5:37am | Edited 6:07am
Placing a buy Limit order on the GU After all my rules are met, waiting for the retest of the Last higher high on the H1.

Forest from the trees Analysis or top down analysis:
-GU D1 is on a double support, the whole range been played out on the H1 and a reversal been printed taking the PA above the D1 Lower Band, Both short term and long term Descending Trendlines been broken to the upside, to minimize the Drawdown and taking less risk I'm waiting for the retracement to the Last Higher high to go long or buy the dips with a SL just below the lower DC Border.

This is a 1:4-5 Risk Reward Trade pending anything unusual in the Markets, looking ahead we have Low impact events risk news for the GU this Week as of today Commodities are treading water as market holidays in the UK and the US make for a quiet start to the trading week amid low liquidity conditions.

AU and NU showing signs of Strength, UCAD is flirting with my Long term Ascending Trendline and also getting closer and closer to my BTS and the lower DC Border.
Important to notice that the USDX has printed a dark cloud cover Pattern and a bearish RSI Divergence on the Daily TF so it logical to assume that a Short and Mid term Weakness will follow.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,533
  • May 27, 2013 7:15am May 27, 2013 7:15am
Good day bass, and tks for this wonderful information, i will watch closely, but what do u think about GCHF and AUDNZD from ur analysis for this week? pls ur advice will be appreciated.
Hope u had a wonderful weekend rest.
Regads
J.
  • #14,534
  • May 27, 2013 10:28am May 27, 2013 10:28am
Quoting bassramy
Placing a buy Limit order on the GU After all my rules are met, waiting for the retest of the Last higher high on the H1. Forest from the trees Analysis or top down analysis:-GU D1 is on a double support, the whole range been played out on the H1 and a reversal been printed taking the PA above the D1 Lower Band, Both short term and long term Descending Trendlines been broken to the upside, to minimize the Drawdown and taking less risk I'm waiting for the retracement to the Last Higher high to go long or buy the dips with a SL just below the lower...
Actually I was waiting for that gu and au I am behind the bush
  • #14,535
  • May 28, 2013 2:48am May 28, 2013 2:48am
Like i said yesterday, AU and NU pair are showing Real strength, Important short term Trendlines been broken as we speak, i will wait for the retracement and enter long after all my rules lines up.
Master Your Setup, Master Your self. (NQoos)
  • #14,536
  • May 30, 2013 6:04am May 30, 2013 6:04am
Quoting bassramy
Like i said yesterday, AU and NU pair are showing Real strength, Important short term Trendlines been broken as we speak, i will wait for the retracement and enter long after all my rules lines up.
After making another dip with divergences noted all over the main indicators, AU, NU, and AN are recovering, AN is exactly been rejected Twice from a long term Descending trendline, 2 scenarios can play out, a break of the trendline, a retest and then a bullish move, or the resume of the Down trend, for the later to occur AU should Resume his Down trend and that is unlikely because of the Multiple Bullish signals that occurred on support, but nobody knows, however probabilities are for an uptrend.

GCHF is playing the Bear trend Scenario perfectly, so do the UCHF, GU Broke his Descending trendline and my BTS, retesting these levels now and should resume his bullish break, UCAD is on the Brink of Breaking his Ascending long term Trendline, my Sell Limit orders are waiting @ the retest to short, EA is still running high with this never ending bull run, I'm in 743 pips in profits but looking Exhausted, tested support of his Ascending trendline and bee rejected to the roof, however with the recent AU strength things should change and the end of the bull run should be near, watching like a hawk.

Looking ahead, we have very important USD news events today and tomorrow, Prelim GDP q/q, Pending Home Sales m/m and Unemployment Claims should rage havoc in all the markets so please be very careful, and of course all my Personal Analysis is pending these Events.

Regards,
B.R.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 119 KB
Master Your Setup, Master Your self. (NQoos)
  • #14,537
  • May 30, 2013 6:22am May 30, 2013 6:22am
We are @ a very special time to short the UJ, after the break of the Long term Trendline, the UJ is testing this trendline and trying to break it up from below for the second time with no luck, if it hold we should see a significant drop @ least to the 97 level or weekly support 3.
Master Your Setup, Master Your self. (NQoos)
  • #14,538
  • Edited 8:13am May 30, 2013 7:54am | Edited 8:13am
Closing my UCAD longs after my long term ascending Trendline was broken and waiting for my short set-up Rules to lines up.
AN Clearing his Descending short and long term trendlines on his way up.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,539
  • May 30, 2013 9:52am May 30, 2013 9:52am
Quoting bassramy
{quote} After making another dip with divergences noted all over the main indicators, AU, NU, and AN are recovering, AN is exactly been rejected Twice from a long term Descending trendline, 2 scenarios can play out, a break of the trendline, a retest and then a bullish move, or the resume of the Down trend, for the later to occur AU should Resume his Down trend and that is unlikely because of the Multiple Bullish signals that occurred on support, but nobody knows, however probabilities are for an uptrend. GCHF is playing the Bear trend Scenario...
ramy, how're u? Please what is the settings of your DC?
************************* Knowledge is an endless research
  • #14,540
  • May 30, 2013 9:21pm May 30, 2013 9:21pm
Bass, simply put, you are one of my favorite people on FF. This is my first post on this thread but I've been an Extreme TMA lover for well over a year. It's been highly profitable for me and I look forward to your intelligent and thoughtful posts each and every day. And while I don't require your assessment for my trades it gives me confidence when we align on our outlook. I just want you to know that there are people out there that truly appreciate your insights and generous input to this very important thread.

Kind regards.
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