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Extreme TMA System

  • #14,641
  • Edited 4:38am Jun 18, 2013 4:28am | Edited 4:38am
Quoting bassramy
{quote} GU BTS Broken to the downside and now retested from below, start to build my Shorts. EU going strong after Draghi's comments but looks exhausted trying to break his resistance, very close to my BTS, i think that he's looking for direction I'm sure he is waiting for the German ZEW Economic Sentiment News Release to decide either to brake up and continue his trend or to reverse after completing his range and start his bearish move. Best, B.R.
The Forest from the trees, one more reason why u should short the GU.
And why u should pay a close attention to the UCHF also.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU D1 Channel.png Size: 54 KB
Click to Enlarge Name: UCHF_RAW.png Size: 44 KB
Master Your Setup, Master Your self. (NQoos)
  • #14,642
  • Edited 4:42am Jun 18, 2013 4:30am | Edited 4:42am
US DOLLAR TECHNICAL ANALYSIS– Prices moved lower as expected after putting in a Bearish Engulfing candlestick pattern. Sellers have now overcome the 38.2% Fibonacci retracement at 10510, exposing the 50% level at 10397. Near-term resistance is at 10576, marked by the March 11 high and a broken rising trend line set from December 2012. A move back above that eyes the 23.6% Fib at 10650.

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

S&P 500 TECHNICAL ANALYSIS – Prices edged through resistance at the top of a falling channel set from late May, exposing the 23.6% Fibonacci retracement at 1645.50. A push above that targets the 38.2% level at 1675.30. Channel resistance-turned-support is at 1632.70, with a move below that eyeing a rising trend line set from mid-November 2012 at 1614.50.

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

GOLD TECHNICAL ANALYSIS – Prices are hovering above rising trend line support set from mid-April – now at 1370.14 – with a break lower aiming for recent swing lows in the 1321.59-38.06 area. Rising channel support-turned-resistance is at 1416.47. 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 cleared falling trend line set from late January and the 50% Fibonacci expansion at 97.09, exposing the 61.8% level at 98.47. A further push above that eyes the 76.4% Fib at 100.18. The formation of a Spinning Top candlestick below resistance points to indecision and warns a pullback may be in the cards. A move back below the trend line (now at 96.58) aims for the 38.2% expansion at 95.71

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


DailyFX Individual Currency Pair Conditions and Trading Strategy Bias
Master Your Setup, Master Your self. (NQoos)
  • #14,643
  • Jun 18, 2013 5:46am Jun 18, 2013 5:46am
Hopefully you were here to remind us about GBP/USD,

was busy trading EUR/JPY this morning and miss the beautiful Pin bar on the Daily Chart, which is located at the end of a ABCD pattern, I entered below the Daily Pin bar


Here is another entry that i like on AUD/USD,
I still have a bullish bias since many days ago and I finally found an entry that I like:

H4: Price at 61 retracement + Demand Area
M15: Point D of a ABCD pattern with high volume which tells me this volume should be buyers as we are at lows
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud usd h4.png Size: 224 KB
Click to Enlarge Name: audusd m15.png Size: 244 KB
  • #14,644
  • Jun 18, 2013 7:26am Jun 18, 2013 7:26am
Quoting ChanhXanh
Hopefully you were here to remind us about GBP/USD, was busy trading EUR/JPY this morning and miss the beautiful Pin bar on the Daily Chart, which is located at the end of a ABCD pattern, I entered below the Daily Pin bar Here is another entry that i like on AUD/USD, I still have a bullish bias since many days ago and I finally found an entry that I like: H4: Price at 61 retracement + Demand Area M15: Point D of a ABCD pattern with high volume which tells me this volume should be buyers as we are at lows {image} {image}
Good entry, clean charts, i took the same entry with the first retest, I'm planning another entries on UJ, EJ and CHFJ all the same double bottom but its a little bit early cause I'm waiting for the confirmation.
Master Your Setup, Master Your self. (NQoos)
  • #14,645
  • Jun 18, 2013 8:27am Jun 18, 2013 8:27am
Eur/JPY is quite interesting, increased volume at the double bottom + accumulation later -> Buyers
I got some nice profits on it this morning, only short term scalping...

I have a limit buy order at the restest of the resistance/support, could break this H4 Down Channel by the top.

The only thing that I do not like is that EUR/JPY broke the daily rising trendline few days ago which is a bearish sign...
If I see increased volume at the top I will certainly cancel my limit buy order.

Im gonna monitor A/J + U/J for long-term long set-up too !
Today was a great day ^^ gonna enjoy the sun and will try to hold those GBP/USD short and AUD/USD long until the D1 opposite band
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy h1.png Size: 238 KB
  • #14,646
  • Jun 18, 2013 9:27am Jun 18, 2013 9:27am
Hi Bass,

Would it be possible to direct me as to where I can find the BTS indicator?

Thanks,
Rav
  • #14,647
  • Jun 19, 2013 3:23am Jun 19, 2013 3:23am
Heads up, GBP MPC Asset Purchase Facility Votes and MPC Official Bank Rate Votes in10 Minutes is it gonna confirm our GU Bearish view or negate it, let's wait and see.
Master Your Setup, Master Your self. (NQoos)
  • #14,648
  • Edited 3:39am Jun 19, 2013 3:24am | Edited 3:39am
Quoting ravs_avs
Hi Bass, Would it be possible to direct me as to where I can find the BTS indicator? Thanks, Rav
U can't find it anywhere, i code it myself in combining Gann high and low with the weighted close 100 SMA .
Master Your Setup, Master Your self. (NQoos)
  • #14,649
  • Jun 19, 2013 3:31am Jun 19, 2013 3:31am
No change in the voting for the Official GU Bank rate so i guess the prevailing market trend should continue.
Master Your Setup, Master Your self. (NQoos)
  • #14,650
  • Jun 19, 2013 3:34am Jun 19, 2013 3:34am
I have an EU bull squeeze on the DC, the borders keep coming closer and closer to each other, that means that a breakout is imminent and i think it will be to the down side, let's wait and see.
Master Your Setup, Master Your self. (NQoos)
  • #14,651
  • Jun 19, 2013 6:21am Jun 19, 2013 6:21am
This is what should happen MRM ( Money and Risk Management ) Wise if our GU trade follow through as expected, that's a 1 lot trade only with the D1 lower Band as potential target.
These are the kind of trades that we take using this system and these rules day in day out, pay a close attention to the Dollar risk versus the Dollar Reward that we aim for or R:R in this case its 0.77:5.25 or 1:6.83 let's see if the FOMC today will let this trade follow through.
Attached Image (click to enlarge)
Click to Enlarge Name: MRM.png Size: 50 KB
Master Your Setup, Master Your self. (NQoos)
  • #14,652
  • Jun 19, 2013 7:29pm Jun 19, 2013 7:29pm
Hi

With the SlopeValues V1.05 - When I reduce the number of pairs to follow, the indicators stops working. Is there a later version?

Also is there alert when TMA changes direction?

Thanks
  • #14,653
  • Jun 20, 2013 2:43am Jun 20, 2013 2:43am
Super Ben rock the Markets yesterday with the Lays Out of a Taper Timetable for the QE3 End, I was well positioned to take advantage from this volatility with my UJ, UCHF Longs and my GU, EU Shorts, i also took a small hit with my UCAD shorts which i managed to close it in profit with my trailing stop loss, my EA positions trailing stops was triggered also with a tiny loss, and that's only with this ETMA FX swing system portfolio, my other commodities and indices portfolios did well also specially gold and silver.
If you are looking to enter GU shorts and didn't manage to do this yesterday you will have another chance with the retest of the break down just be patient and wait for it, PA will retrace back up to retest the break, i will be selling rallies and adding another lot @ this level.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,654
  • Jun 20, 2013 5:33am Jun 20, 2013 5:33am
Gold & Silver , the collapse -4% @ 10.30 GMT .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gld_h1.gif Size: 18 KB
Click to Enlarge Name: slvr_h1.gif Size: 18 KB
Master Your Setup, Master Your self. (NQoos)
  • #14,655
  • Jun 21, 2013 2:07am Jun 21, 2013 2:07am
THE TAKEAWAY: The US Dollar continued to push higher in the wake of the FOMC policy announcement while the S&P 500 overturned the rising trend in place since November 2012.

US DOLLAR TECHNICAL ANALYSIS– Prices found interim support above a rising trend line set from late February and launched a recovery, with the bulls now challenging the 61.8% Fibonacci retracement at 10721. A further push higher targets the 76.4% level at 10781. The 50% Fib at 10673 is acting as near-term support, with a reversal back beneath that eyeing the 38.2% retracement at 10625.

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

S&P 500 TECHNICAL ANALYSIS – Prices dropped through a support cluster marked by rising trend lines set from mid-November 2012 and February of this year, with sellers now testing the 76.4% Fibonacci expansion at 1585.80. A further push beneath that aims for the 100% level at 1564.60. Alternatively, a recovery above the 1600 figure sees trend line support-turned-resistance at 1607.40.

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

GOLD TECHNICAL ANALYSIS – Prices dove sharply lower, with sellers now testing the 100% Fibonacci expansion at 1273.77. A break beneath that exposes the 123.6% level at 1238.38. Near-term resistance is at 1309.16, the 76.4% Fib, followed by the 61.8% expansion at 1331.05.

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

CRUDE OIL TECHNICAL ANALYSIS– Prices punched below support at 95.21, the 50% Fibonacci retracement, exposing the 61.8% level at 94.27. This is followed by a rising trend line set from mid-April, now at 93.73. Alternatively, a move back above 95.21 eyes the 38.2% Fib at 96.15.

http://media.dailyfx.com/illustratio..._Picture_8.png
Master Your Setup, Master Your self. (NQoos)
  • #14,656
  • Jun 21, 2013 9:30am Jun 21, 2013 9:30am
Quoting bassramy
THE TAKEAWAY: The US Dollar continued to push higher in the wake of the FOMC policy announcement while the S&P 500 overturned the rising trend in place since November 2012. US DOLLAR TECHNICAL ANALYSIS– Prices found interim support above a rising trend line set from late February and launched a recovery, with the bulls now challenging the 61.8% Fibonacci...
Hi bassramy

thank you for posting it's very helpful. have look on my chart of gold, current slope.
Attached Image (click to enlarge)
Click to Enlarge Name: goldh4.png Size: 116 KB
  • #14,657
  • Edited 11:11am Jun 24, 2013 10:32am | Edited 11:11am
Hi everyone, I haven't been on this thread in what seems to be years. I downloaded the TMA long time ago, that repaints itself. Where is the current TMA? Does it repaint it self? The latest True TMA? I guess I am just wondering if the True TMA has that more advantages over the one that does repiant itself. Just looking to compare the 2 for my own notes. Also whats the difference between the True TMA and the Fast TMA? Does the Fast TMA repaint? Thanks.
  • #14,658
  • Jun 25, 2013 2:44am Jun 25, 2013 2:44am
Quoting DrNoStopLoss
Hi everyone, I haven't been on this thread in what seems to be years. I downloaded the TMA long time ago, that repaints itself. Where is the current TMA? Does it repaint it self? The latest True TMA? I guess I am just wondering if the True TMA has that more advantages over the one that does repiant itself. Just looking to compare the 2 for my own notes. Also whats the difference between the True TMA and the Fast TMA? Does the Fast TMA repaint? Thanks.
We now use the Fast TMA that still recalculate itself but is lighter on your Machine.
Master Your Setup, Master Your self. (NQoos)
  • #14,659
  • Jun 25, 2013 3:25am Jun 25, 2013 3:25am
Important to read, https://docs.google.com/viewer?a=v&p...GRBWj5Sku8wu1w
Master Your Setup, Master Your self. (NQoos)
  • #14,660
  • Jun 25, 2013 8:57am Jun 25, 2013 8:57am
Hi Bass,

I have been trying to include True TMA in stead of FastTMA in my version of this strategy. While trying to use trueTMA I find the major problem is in finding when the 4 hr and Daily band crossover can be considered as the correct crossover i.e. the crossover at which the trend changes. The solution to this problem is in finding the exact confluence of a daily S&R or other price action with a crossover.


If I consider fastTMA instead of trueTMA then the points of crossover of 4hr and daily bands are similar to the one's found with trueTMA. As fastTMA only repaints the past, what happens in present is kept as it is. So I am assuming fastTMA to be as ambiguous as the trueTMA itself. The only confirmation with fastTMA is also when a confluence of a 4 hr/daily crossover with Daily S&R occurs(or PA).

So my question is that if both fastTMA and truTMA act in the same manner then what is the advantage of using fastTMA instead of trueTMA?

I might be short on my research and analysis, but please guide me through.

Thanks,
Rav
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