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Extreme TMA System

  • #14,581
  • Edited Jun 9, 2013 4:21am Jun 8, 2013 12:26pm | Edited Jun 9, 2013 4:21am
Quoting smilee89
{quote} The results are not objective. You must show all the details from all trades and not just showing winning trades. Please show all history.
With all respect but this is exactly why I didn't post any results or account statement before, I will not open any debate or discussion about it, this is all that somebody will get from me unless one of the regular contributors of this thread will want to know more and they know how to contact me.

The truth is, I don't give a damn if somebody believe it or not.

That been said, i'm pretty convinced that you have a valid point there, of course you can't judge a strategy from only looking at the profit statement in a certain time only, u have to have all elements together, unfortunately this is all that I can share now.

With respect,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,582
  • Jun 9, 2013 1:45pm Jun 9, 2013 1:45pm
Hello, nice results !! I will continue posting what I see and how I trade until I can grab the same amount of pips !

I did a quick GBP/USD analysis:

TMA Analysis: H4 -> Sell, D1-> Ranging, W -> Ranging, price as it upper D1 TMA
H4 TMA is still a little bit high but it looks like time to short

- Weekly Analysis:
- Break of Triangle by the bottom, not restested
Looks Bearish to me (monthly picture is even more bearish)

- Daily Analysis:
Break of Triangle by the top with strong momentum, price at resistance
Looks more bullish than bearish to me

- H4 Analysis:
Price is in a rising channel at the daily resistance
Looks bullish

So I believe I need more clue to enter short I will enter a mini lot if price comes back to the Resistance in my blue Box with SL 1.57040, RR about 1-5
The confirmation I wait is a break of the H4 Channel by the bottom where my second Blue Box is, this is where I would start building short positions until the lower D1 TMA
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbp usd weekly.png Size: 261 KB
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Click to Enlarge Name: gbp usd h4.png Size: 264 KB
  • #14,583
  • Jun 9, 2013 2:30pm Jun 9, 2013 2:30pm
AUD/USD:
TMA Analysis tells me that H4 and D1 are in Supertrend Selling (-0.80) -> We should Sell, However price is at lower H4/D1/Weekly TMA -> We should start buying

Conclusion: Sideways, on hold, are some people shorting this pair as we break the Weekly Support ?

On my chart is the configuration that I wait to start buying, otherwise I will not touch this pair...

USD/CAD
Rhhaaaaa, I missed my short opportunities on this pair as it was on my watchlist to short -_-! All was perfect, Price at the Upper TMA Trendline, LL, LH, I did not short because last week was full of canadian news so I got scared... should have ignore them ...
-> Now price is at the bottom H4,D1 TMA lines... Great ...

D1 Chart, We are in a rising Channel -> Bullish
Fondamental analysis: last week were ultra positive canadian fondamentals -> Extra Bearish outlook

When I look at the D1 picture, it seems there is still room for the Bears until the Blue Box. Support Channel Trendline

I will see if I get a nice retracement beginning of next week to go short until this blue box ^^ !


All comments are much appreciated ^^
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud usd d1.png Size: 249 KB
Click to Enlarge Name: usdcad-d1-pepperstone-financial-pty.png Size: 253 KB
  • #14,584
  • Jun 10, 2013 1:42am Jun 10, 2013 1:42am
USD/JPY -> Short or Long ?? What are your thoughts ?

TMA Analysis: Price hit the H4, D1, Weekly Lower TMA Band and retraced back to the middle of Weekly Band
+ Daily Bands have not crossed yet the Weekly Band by the top

Chart analysis: Price reacted to the Daily Support/Rising Weekly Channel

EUR-GBP-USD / JPY pair present the same opportunities.
what are your toughts on those pairs ?
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-d1-fxdirectdealer.png Size: 253 KB
  • #14,585
  • Jun 10, 2013 3:48am Jun 10, 2013 3:48am
Hi Guys

If I am using TMA 1 min with following settings

Attached Image


What settings would I use for 10.2 TMA slope v1.4b

Thanks for your help

Gil
  • #14,586
  • Jun 10, 2013 6:00am Jun 10, 2013 6:00am
First of all and exactly like i expected the USDX did retraced down to retest the Resistance turned support that was broken 2 weeks ago, almost all the Commodities currencies opened the week with a gap that was expected due to the Chinese data that came less than forcasted on Saturday when the Markets were closed. These Funda had to be mentioned before continuing our Analysis, from here on i see a bullish USD Ahead after the rejection of USDX PA from support.

In line with my Analysis above i see EU on the upper D1 Band and D1 Resistance so a reversal is Imminent, so does the GU, Important D1 TF resistance + Upper D1 Band, should be watched closely for a possible shorts after all our rules will line up.

Meanwhile UCHF hit his D1 Lower Band and D1 Support and trying to reverse in testing his Descending trendline.

UCAD is in half way bearish move towards his Lower D1 Band and D1 TF support, i expect it to undershoot his lower D1 Band to test his support @ 0020.

UJ Undershoot his lower Band by a little bit to test and reverse from both Long term Ascending Trendline and 2 Levels of support, broke short term Descending trendline and now testing the Mid term Descending Trendline in line with my USD Analysis, waiting for it to Break the Mid term Descending trendline and retest to cover my shorts and go long.

AU and NU is hard to predict but i can see the AU right @ multiple support and trying to recover but each time hit by Bad Data coming from China, NU is definitely bearish, he broke multiple long term Ascending Trendline and i can see no support until 0.7500'sh, so I'm definitely building my AUDNZD long positions .

Hope it helps.

best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,587
  • Jun 10, 2013 6:05am Jun 10, 2013 6:05am
Tess,
Look @ the EU and GU Charts both H1 and D1 to see what i mean by PA @ the Higher D1 Band on the H1 and on resistance on the D1 TF, when these 2 come together u have a confluence of levels which means a high probability trade, confirmed with a broken Ascending trendline on both TF's give u a high confidence trade = a winning trade.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,588
  • Jun 10, 2013 6:19am Jun 10, 2013 6:19am
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http://www.alpari-us.com/en/alpari-academy

P.S. I'm not affiliated with any of these courses or guys but i discovered myself that they mean Honest Business.
Master Your Setup, Master Your self. (NQoos)
  • #14,589
  • Jun 10, 2013 8:05am Jun 10, 2013 8:05am
Quoting ChanhXanh
Hi, I was also watching AUD/USD today and entered a long micro-lot in order to investigate the market Here is my volume/price action analysis: 1st hint) On the Volume indicator, we have a dashed magenta line indicating the average volume in the previous days, we can witness an increase of volume during the past few days at the weekly support -> Tells me certainly Take Profit/ Building Long position 2nd Hint) HH, HL 3nd Hint) Break of the descending Triangle + Resistance Where I am struggling is how to use the TMA Bands with this analysis... Coz...
Hi ChanhXanh,

If the line drawn in the volume indicator a dynamic line or a static line?

Thanks.
Rav
Attached Image
  • #14,590
  • Jun 10, 2013 3:01pm Jun 10, 2013 3:01pm
Quoting bassramy
Tess, Look @ the EU and GU Charts both H1 and D1 to see what i mean by PA @ the Higher D1 Band on the H1 and on resistance on the D1 TF, when these 2 come together u have a confluence of levels which means a high probability trade, confirmed with a broken Ascending trendline on both TF's give u a high confidence trade = a winning trade. Best, B.R.

Understood, thank you
************************* Knowledge is an endless research
  • #14,591
  • Jun 11, 2013 6:28am Jun 11, 2013 6:28am
Thanks for the Weekly Report Bassramy !! Im gonna add AUD/NZD to my watchlist ^^
I enrolled to the forex course, upon pending approval

-> @Ravs_avs: Just the basic volume indicator included in the metadrader indicators, I added manually an horizontal dashed trendline. So this trendline is subjective
  • #14,592
  • Jun 12, 2013 4:45am Jun 12, 2013 4:45am
Heads up boys and Girls for the AU and NU Reversal, strong rejection of support yesterday led to the formation of long tailed bullish pinbars on Support, interesting to look @ because this is a strong bullish signal.
I covered my UCHF Shorts after seeing a double bottom forming on the D1 Support and Lower D1 Band waiting for my rules to line up to go long, a break of the double bottom to the upside will confirm the long trade, on the opposite side i don't see bearish signs for the EU who is negatively correlated with the UCHF, so its a little bit tricky, better to wait and see what will happen.
Master Your Setup, Master Your self. (NQoos)
  • #14,593
  • Jun 12, 2013 9:37am Jun 12, 2013 9:37am
Is there a non-repainting Slope indicator?
Gary
  • #14,594
  • Jun 12, 2013 10:50am Jun 12, 2013 10:50am
Quoting alpine4133
Is there a non-repainting Slope indicator?
there is a lot of non repainting slopes, or the true TMA , just search the indicators on this thread from your upper right corner, if not drop me a post and I will find them for you.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,595
  • Jun 12, 2013 12:05pm Jun 12, 2013 12:05pm
Quoting bassramy
{quote} there is a lot of non repainting slopes, or the true TMA , just search the indicators on this thread from your upper right corner, if not drop me a post and I will find them for you. Best, B.R.

I have several but it seems they all repaint. I am looking for one like "TMAslope 1.5v Normalized". I love this indicator but it repaints a lot.
Gary
  • #14,596
  • Jun 13, 2013 3:55am Jun 13, 2013 3:55am
To stay in touch of what is happening.

THE TAKEAWAY: Recoveries in the US Dollar and the S&P 500 proved short-lived as expected, with prices now on the verge of breaking below critical multi-month support levels.

US DOLLAR TECHNICAL ANALYSIS– Prices moved lower as expected after putting in a Bearish Engulfing candlestick pattern. Prices are now testing below key support at a rising trend line set from December 2012, a barrier reinforced by the 38.2% Fibonacci retracement at 10510. A break below the latter level targets the 50% level at 10397. Near-term resistance is at 10576, the March 11 high, with a turn back above that eyeing the 23.6% Fib at 10650.

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

S&P 500 TECHNICAL ANALYSIS – Prices are testing through support at 1605.90, the intersection of a rising trend line set from November 2012 and the 23.6% Fibonacci retracement. A break below that exposes a falling channel bottom at 1585.60. Channel resistance is at 1635.60.

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

GOLD TECHNICAL ANALYSIS – Prices are testing rising trend line support set from mid-April – now at – with a break lower aiming for recent swing lows in the 1321.59-38.06 area. Rising channel support-turned-resistance is at 1408.78. This barrier is reinforced by the 38.2% Fibonacci retracement at 1424.23, with a break above the latter level targeting the 50% Fib at 1455.94.

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

CRUDE OIL TECHNICAL ANALYSIS– Prices continue to consolidate in a choppy range below a falling trend line set from late January. This barrier is reinforced by the 50% Fibonacci expansion at 97.09, with a break above that initially exposing the 61.8% level at 98.47. Near-term support is at the 94.00 figure, with a move beneath that eyeing the June 3 low at 91.23.

http://media.dailyfx.com/illustratio..._Picture_8.png


Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,597
  • Jun 13, 2013 5:02am Jun 13, 2013 5:02am
Quoting bassramy
Heads up boys and Girls for the AU and NU Reversal, strong rejection of support yesterday led to the formation of long tailed bullish pinbars on Support, interesting to look @ because this is a strong bullish signal. I covered my UCHF Shorts after seeing a double bottom forming on the D1 Support and Lower D1 Band waiting for my rules to line up to go long, a break of the double bottom to the upside will confirm the long trade, on the opposite side i don't see bearish signs for the EU who is negatively correlated with the UCHF, so its a little bit...
As expected, these pairs are doing great and trying to attack their Long term Descending Trendlines ( LTDT ) as i'm posting, very bullish.
This is a view of my Xmas tree Charts, notice how the last lower high been broken and retested but not all the rules have been met so i'm waiting for all my ducks to line up to go long.
And another AU Xmas Tree chart, notice also the Broken lower high and the retest, and the rejection of PA from the Descending trendline after the first attempt to break it, H1 Band start to poc his nose up also, the break of the ADR High and the Upper DC Level will confirm the break up after the break of the Descending trendline and the retest of it where i will go long.

Best,
B.R.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdusdh1_xmas tree.png Size: 147 KB
Click to Enlarge Name: audusdh1_xmas tree.png Size: 163 KB
Master Your Setup, Master Your self. (NQoos)
  • #14,598
  • Jun 13, 2013 5:20am Jun 13, 2013 5:20am
Markets Are Falling After Crash In Japan And Horrible Night In Asia
There Are Three Big Events Today, Including A Big US Debt Auction That Everyone Will Be Watching
Master Your Setup, Master Your self. (NQoos)
  • #14,599
  • Edited 6:07am Jun 13, 2013 5:50am | Edited 6:07am
Quoting bassramy
{quote} As expected, these pairs are doing great and trying to attack their Long term Descending Trendlines ( LTDT ) as i'm posting, very bullish. This is a view of my Xmas tree Charts, notice how the last lower high been broken and retested but not all the rules have been met so i'm waiting for all my ducks to line up to go long. And another AU Xmas Tree chart, notice also the Broken lower high and the retest, and the rejection of PA from the Descending trendline after the first attempt to break it, H1 Band start to poc his nose up also, the break...
Trendline Break Done, DC Upper level broken, ADR Reached, expecting a pullback and a retest to enter long.
NU still trying to do the same, in the meanwhile he is @ ADR High, rejected from the Descending trendline and @ the Upper level of the DC.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh1_xmas tree2.png Size: 126 KB
Master Your Setup, Master Your self. (NQoos)
  • #14,600
  • Jun 13, 2013 5:54am Jun 13, 2013 5:54am
Very good, thank you very much for this great thread. I have read almost the whole thread and work has been incredible. Now I am ready to use the system and the system Extreme Alfredo breathing demo account, but I have a doubt. As H1 TMA could add to the template? because I have the template that I have installed TMA H4, D1 and W1 TMA TMA.
Thank you very much.
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