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Extreme TMA System

  • #14,541
  • Edited 10:58am May 31, 2013 3:58am | Edited 10:58am
AJ Breaking a very important support, if it closes below it will open the door for a 1:10-12 Risk:Reward trade. EG tried five times to break the 85.800 level but failed to do so and forming 4-5 Bearish Pinbars while trying to do it very interesting to notice.

ACHF Broke important support too, NU is trying hard to retrace in forming a long Bullish pinbar yesterday but the weekly point to a strong downward pressure after breaking his weekly ascending triangle to the downside and very important 2 Ascending long term trendlines, this is very very bearish.

I'm placing a buy limit order on the retest of the Break of the EU Resistance that popped yesterday and turned to support today @ 2998, by the way this is the first since the SNB pegged the Swissy to the EURO that i see a positive correlation between these 2 the EU is heading down so do the CHF.

UJ is breaking also a short term trendline on the D1 and I'm well positioned to catch that break, GU Double bottom breakup is playing wonderfully so does my beautiful GCHF Shorts.

Crazy Friday like always, luckily I'm well positioned to profit from this craziness with my Short and long term systems and strategies.

I want to note that for the records the EU Didn't make it to the Lower D1 Band, i don't know if this is an anomaly but i don't believe that this break is the real deal, but who knows maybe i'm wrong.

Best,
B.R.
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Master Your Setup, Master Your self. (NQoos)
  • #14,542
  • May 31, 2013 4:02am May 31, 2013 4:02am
Quoting Tess1
{quote} ramy, how're u? Please what is the settings of your DC?
75 buddy.
Master Your Setup, Master Your self. (NQoos)
  • #14,543
  • May 31, 2013 4:06am May 31, 2013 4:06am
Quoting Imagine FX
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.
Thank you for your kind words, I'm glad that somebody is profiting from this, i will appreciate it if you share with us Ur insights and analysis .

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,544
  • May 31, 2013 4:12am May 31, 2013 4:12am
Quoting bassramy
AJ Breaking a very important support, if it closes below it will open the door for a 1:10-12 Risk:Reward trade. EG tried five times to break the 85.800 level but failed to do so and forming 4-5 Bearish Pinbars while trying to do it very interesting to notice. ACHF Broke important support too, NU is trying hard to retrace in forming a long Bullish pinbar yesterday but the weekly point to a strong downward pressure after breaking his weekly ascending triangle to the downside and very important 2 Ascending long term trendlines, this is very very bearish....
Update: the NU is running wild, broke support and falling like a knife.
Master Your Setup, Master Your self. (NQoos)
  • #14,545
  • May 31, 2013 4:22am May 31, 2013 4:22am
Quoting bassramy
{quote} 75 buddy.
Thank u.
************************* Knowledge is an endless research
  • #14,546
  • Edited 4:54am May 31, 2013 4:41am | Edited 4:54am
The Nikkei broke down consolidation, gold broke his Descending trendline and made a brake to the upside, silver is near doing so, This is the 3 Bullish pinbar on the Crude light, the Bulls are desperately defending the 92-92.5 level let's see who will win.

S&P 500, the Dow, Nasdaq and the Dax are also showing multiple signs of short term weakness that's important to note, a double top is slowly but clearly forming with multiple Bearish Pinbars on resistance indicating a PA Rejection of these levels, a break below support will send these Indices tumbling down, all it need is a sign from Mr. Bernanke .

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,547
  • May 31, 2013 10:05am May 31, 2013 10:05am
ETMA taken (40 pips up so far)
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  • #14,548
  • May 31, 2013 11:06am May 31, 2013 11:06am
Quoting thewriter30
ETMA taken (40 pips up so far) {image}
Good old ETMA template, i missed it a lot, keep them coming TW, everyday, all the day.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,549
  • Jun 1, 2013 3:01am Jun 1, 2013 3:01am
hi MATE
sure, i think it'd be great to keep this alive by trading the good old ETMA...

it retraced as we speak but I took a conservative exit
  • #14,550
  • Jun 1, 2013 3:18am Jun 1, 2013 3:18am
Quoting thewriter30
hi MATE sure, i think it'd be great to keep this alive by trading the good old ETMA... it retraced as we speak but I took a conservative exit
You should not be scared out of a ETMA Trade, let it run until the Bands if you're conservative, or let it run until you have a higher high or lower low if you're aggressive, i had a great success with this system when i let my profits run, trailing my stop loss and most of all buying dips or selling rallies or in another word pyramiding or scaling in a profitable trade not averaging in a losing one, and there lies the huge profits.

For example, the current situation of the EU that didn't reach the Lower D1 Band, i don't know if its an anomaly but the EU should reach that Band, maybe after reaching the Higher one one more time, i guess we will have to wait and see.

In your case, just notice the Lower Highs and lower lows, PA didn't make a higher high yet or higher low and that's a sign to keep this trade alive until u got these rules fulfilled, its very easy to notice when this trend will turn.

Keep it coming always.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,551
  • Edited 4:01am Jun 1, 2013 3:38am | Edited 4:01am
Quoting bassramy
The Nikkei broke down consolidation, gold broke his Descending trendline and made a brake to the upside, silver is near doing so, This is the 3 Bullish pinbar on the Crude light, the Bulls are desperately defending the 92-92.5 level let's see who will win. S&P 500, the Dow, Nasdaq and the Dax are also showing multiple signs of short term weakness that's important to note, a double top is slowly but clearly forming with multiple Bearish Pinbars on resistance indicating a PA Rejection of these levels, a break below support will send these Indices...
Important to note that, all the Indices except the Nasdaq have broken support after several Bearish and Bullish Pinbars and a lot of chaos, even the crude have made a break down, is this the QE3 Bubble explosion that everybody was talking about like the Nikkei bubble that exploded last week, anyway I'm building a short positions in these Markets after this Break and the Retest.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,552
  • Jun 1, 2013 4:00am Jun 1, 2013 4:00am
"What separates masters from others is often something surprisingly simple. Whenever we learn a skill, we frequently reach a point of frustration -- what we are learning seems beyond our capabilities. Giving in to these feelings, we unconsciously quit on ourselves before we actually give up...

"The difference is not simply a matter of determination, but more of trust and faith. Many of those who succeed in life have had the experience in their youth of having mastered some skill -- a sport or game, a musical instrument, a foreign language, and so on. Buried in their minds is the sensation of overcoming their frustrations and entering a cycle of accelerated returns. In moments of doubt in the present, the memory of the past experience rises to the surface. Filled with trust in the process, they trudge on well past the point at which others slow down or mentally quit.


"When it comes to mastering a skill, time is the magic ingredient. Assuming your practice proceeds at a steady level, over days and weeks certain elements of the skill become hardwired. Slowly, the entire skill becomes internalized, part of your nervous system. The mind is no longer mired in the details, but can see the larger picture. It is a miraculous sensation and practice will lead you to that point, no matter the talent level you are born with.

"The only real impediment to this is yourself and your emotions -- boredom, panic, frustration, insecurity. You cannot suppress such emotions -- they are normal to the process and are experienced by everyone, including Masters. What you can do is have faith in the process. The boredom will go away once you enter the cycle. The panic disappears after repeated exposure. The frustration is a sign of progress -- a signal that your mind is processing complexity and requires more practice. The insecurities will transform into their opposites when you gain mastery. Trusting this will all happen, you will allow the natural learning process to move forward, and everything else will fall into place."


- Robert Greene, Mastery

Master Your Setup, Master Your self. (NQoos)
  • #14,553
  • Jun 1, 2013 4:03am Jun 1, 2013 4:03am
Looking ahead for next Week :

Top event for the upcoming week includes: US Nonfarm Payrolls; ECB Rate Decision; BoE Rate Decision; RBA Rate Decision; Euro-area GDP details; US household wealth for the first quarter and an array of Fed officials' speeches that are likely to tap into 'Taper' speculation among other events.
Master Your Setup, Master Your self. (NQoos)
  • #14,554
  • Jun 1, 2013 4:22am Jun 1, 2013 4:22am
U Figured it out.
http://stocktwits.com/message/13880422
Master Your Setup, Master Your self. (NQoos)
  • #14,555
  • Jun 3, 2013 4:02am Jun 3, 2013 4:02am
Hello, just want to share what I am looking for:

1) EUR/USD (bullish bias)
According to TMA Rules: 4H+Daily+weely either ranging or bullish -> OK

In consolidation.
Im looking for my 1st buy entry at the bottom of this triangle
Targetint Upper Daily TMA

2) AUD/JPY (bearish bias)
According to TMA Rules: 4H+ Daily + weekly either ranging or bearish -> OK
If price retrace to upper 4H TMA/Middle daily TMA I will enter short targeting lower Weekly Band

3) GBP/USD (bullish bias)
According to TMA Rules: H4: Positive, Daily: NEGATIVE, Weekly:Ranging

I feel it has more potentiel than EUR/USD but the Daily TMA is still negative ...
Im still looking for an entry eventhough this is not according to the rules !
Targeting upper daily TMA

Thank you for your posts Bassramy much appreciated
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  • #14,556
  • Edited 4:16am Jun 3, 2013 4:05am | Edited 4:16am
Hi Bass,

I have long been a silent follower of this thread and I love the system. Alorente has left the thread in able hands of yours and you have been a true leader and a true guide.

Like any other trader I have wandered from thread to thread to find the ultimate system or a system that fits my personality and I have always come back to this thread. Though I have always believed in the theory behind this system which is as mentioned by Alorente - The price is like a rubber band. The more it stretches in a direction the more it wants to go in the opposite direction and more intense is the move, I have not been fully able to convince myself on the validity of the repainting indicators. I know this statement will raise many eyebrows and this has been discussed many a times in the past. Many traders in this thread are even trading with the repainting TMA and are enjoying great success.

Just to overcome this limitation I started comparing it with the non-repainting TMA to see what is the difference between these two. So that I should be cautious with such turn of events while using re-painting TMA. But while trying to do this I found out that true TMA also gives very accurate signals. In fact the signals given by True TMA are correct 99% of the times.

I just wanted to put this here, so that I can share my thoughts with you and all the fellow traders in this thread. It will really help me if I can get some feedback or insights on this method. Somebody did mention in previous posts that he was using true TMA instead of the fastTMA, if that trader is still around I would love to hear back from him.

The entry signal is same as what has been mentioned in the first page but using true TMA. I will only mention the entry with the True TMA, the TP can be adjusted according to each individuals risk appetite. The signal occurs when the lowest time frame TMA enters back inside the very next higher time frame TMA. If it does so from top then place a sell at the most recent support and if it from bottom then place a buy at most recent resistance. If the order gets triggered then almost 99% of the times the price moves in the same direction, giving at least 10-15 pips min.

Please do write back on this method. I will really appreciate your comments.

Thanks and regards,
Ravs
  • #14,557
  • Edited 4:42am Jun 3, 2013 4:27am | Edited 4:42am
Something i posted on another thread, and here is the ETMA Version, double bottom on the Lower D1 Band which is a double support too on the D1 TF, and the rejection of PA from it, this pair has run his Range and a reversal is eminent, we will wait for the confirmation of the Reversal and go long, we don't pick tops and bottoms we anticipate a reversal on the D1 Band and wait for a confirmation, this is my version of the Extreme TMA System ( Study Jesse Livermore, the turtles, Richard Donchian, or the masters and see the resemblance in Trading rules and tactics ) like Jesse i call the point where i have the confirmation to go or my line in the sand, the line of least resistance.

Enjoy, Best,
B.R.
Attached Image (click to enlarge)
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Master Your Setup, Master Your self. (NQoos)
  • #14,558
  • Jun 3, 2013 4:47am Jun 3, 2013 4:47am
Quoting ChanhXanh
Hello, just want to share what I am looking for: 1) EUR/USD (bullish bias) According to TMA Rules: 4H+Daily+weely either ranging or bullish -> OK In consolidation. Im looking for my 1st buy entry at the bottom of this triangle Targetint Upper Daily TMA 2) AUD/JPY (bearish bias) According to TMA Rules: 4H+ Daily + weekly either ranging or bearish -> OK If price retrace to upper 4H TMA/Middle daily TMA I will enter short targeting lower Weekly Band 3) GBP/USD (bullish bias) According to TMA Rules: H4: Positive, Daily: NEGATIVE, Weekly:Ranging I feel...
Thank you my friend, very good analysis, we are aligned in our way of thinking, be patient and disciplined.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,559
  • Jun 3, 2013 5:03am Jun 3, 2013 5:03am
Quoting ravs_avs
Hi Bass, I have long been a silent follower of this thread and I love the system. Alorente has left the thread in able hands of yours and you have been a true leader and a true guide. Like any other trader I have wandered from thread to thread to find the ultimate system or a system that fits my personality and I have always come back to this thread. Though I have always believed in the theory behind this system which is as mentioned by Alorente - The price is like a rubber band. The more it stretches in a direction the more it wants to go in the...
Yes, that is absolutely true, the most important issue that AL Forget to mention is the Excellent usefulness of the Daily TF to validate the Signals on Support and Resistance.

Do not go Blindly Long or short on the Bands, specially because they Repaint, the Bands follow PA not the opposite, PA doesn't reverse on the touch of the Bands its the Bands that reshape in following the PA, the Bands are there to give you a context, a framework to work with and to alert you that the Pair has run his range and a reversal is eminent, if the bands align with a major Support or resistance on the D1 and a clear candlestick PA Signal is printed on these levels, than that trade will have more than 70-80 % chance of been profitable, and when you will get the hang of it, you will begin to use some tactics to profit the most from these price swings, like Scaling in or selling rallies and buying dips in the Direction of the Trend ( Pyramiding not averaging a loss ), hell sometimes i arrive to the other Band holding 5-6-7 Profitable positions and begin to unload or scale out @ the touch of the D1 Band until i get a clear confirmation that a Reversal is here to close all, and of course to trail your stop.

Just look to what i posted on the other thread to get into my head.
By the way the slope that you see in my Christmas Tree template is the True TMA not the repainting one.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,560
  • Jun 3, 2013 7:03am Jun 3, 2013 7:03am
Quoting bassramy
{quote} Yes, that is absolutely true, the most important issue that AL Forget to mention is the Excellent usefulness of the Daily TF to validate the Signals on Support and Resistance. Do not go Blindly Long or short on the Bands, specially because they Repaint, the Bands follow PA not the opposite, PA doesn't reverse on the touch of the Bands its the Bands that reshape in following the PA, the Bands are there to give you a context, a framework to work with and to alert you that the Pair has run his range and a reversal is eminent, if the bands align...

Thanks for the reply Bass, really appreciate it!!

I absolutely agree with you, the daily time frame is truly an excellent way to validate signals. GBPUSD is near the daily lower TMA band. This implies the possibility of price to reverse back in opposite direction towards the daily TMA upper band. Since we know that the reversal has a high probability at this point we look for extra signals to establish our belief. In this case the other signal is the double bottom. Also the break of trend line. A pending long order at resistance should be fine at this stage.

The True TMA chart is pasted below with above analysis:
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Click to Enlarge Name: truetma.gif Size: 32 KB
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