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ETMA_The Evolution

  • #181
  • Aug 26, 2013 5:47am Aug 26, 2013 5:47am
Hi,
I'm not a pro trader, i've traded for 2 years and i believe when i say simple is better.
Need rules and respect them.
I'm testing this system and my setup is ETMA with supply demand zones.
Take a look at chart.
I use TMA slope to define the trend.
I look at Daily bands to see when the price reaches that level then i use supply demand zones to enter.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-08-26_1435.png Size: 98 KB


Alessandro
  • #182
  • Aug 26, 2013 6:27am Aug 26, 2013 6:27am
Quoting alexx90
Hi, I'm not a pro trader, i've traded for 2 years and i believe when i say simple is better. Need rules and respect them. I'm testing this system and my setup is ETMA with supply demand zones. Take a look at chart. I use TMA slope to define the trend. I look at Daily bands to see when the price reaches that level then i use supply demand zones to enter. {image} Alessandro
Good for you, a lot of people tried Supply and demand, you call them that and i call them higher highs and lows and vice versa, everyone have his own way of using the ETMA, if it works than that s fine, meanwhile your are welcome in posting your setups here and make sure before taking a trade to have a real confirmation of a setup.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #183
  • Aug 26, 2013 8:01am Aug 26, 2013 8:01am
Quoting bassramy
{quote} Good for you, a lot of people tried Supply and demand, you call them that and i call them higher highs and lows and vice versa, everyone have his own way of using the ETMA, if it works than that s fine, meanwhile your are welcome in posting your setups here and make sure before taking a trade to have a real confirmation of a setup. Best, B.R.
Ok thanks.
What is the type fo confirmation that you look for?
  • #184
  • Edited 3:46am Aug 27, 2013 1:50am | Edited 3:46am
Quoting bassramy
I've got 1 more rule to fulfill before pulling the trigger on a EU Short and its the Long term Ascending trendline Break lower and retest, waiting patiently for this rule to lineup but because of the end of the week i won't be pulling the trigger yet, Monday is another story. Best, B.R.

EU trying to fulfill my last rule for a short which is the the Long term Ascending trendline breakdown lets see if it closes below.
Also just to note I've got 2 beautiful Pinbars, both bearish on the NASDAQ and the GBPCAD, good setups to short from and both are on Resistance which make them a high probability trades.
GBPNZD have also a small fakey bearish pinbar on Resistance, fakey means PA tried to break resistance but could not and was rejected from this strong level to only form a Pinbar @ the end of the day.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #185
  • Aug 27, 2013 3:55am Aug 27, 2013 3:55am
Like i anticipated the GU Made a typical ETMATE trade in Breaking lower after touching the upper D1 Band, Ascending trendline is broken, DC + BTS + HL were broken down after the CCI turn negative, I shorted when my rules have aligned and scaling in after every retrace higher.

Best,
B.R.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1_etmate.png Size: 138 KB
Master Your Setup, Master Your self. (NQoos)
  • #186
  • Edited 7:11am Aug 27, 2013 4:00am | Edited 7:11am
Gold, silver are continuing there bullish trend, Nikkei is slowly heading lower with the S&P 500 and the Dow looking more and more bearish but approaching an important support levels, the Dax has been 3 times rejected from an important Descending trendline and 5 times from an important support and is now sitting in a range that i expect to be broken to the down side soon.

CL ( Crude light ) is also trading in a range and slowly forming a symmetrical triangle or a Descending channel depends how we look @ it, something got to give soon also be it bear or bull.
Update on the CL : Broke his Short term Resistance and the top of the Symmetrical Triangle after the USD CB Consumer Confidence News event came more than expectations @ 81.5, is this a real break ?, i guess we will have to wait and see.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #187
  • Aug 27, 2013 2:27pm Aug 27, 2013 2:27pm
This is very helpful to everyone.
Attached File(s)
File Type: pdf Investing for Profit with Torque Analysis of Stock Market by Willium C Garret.pdf   5.3 MB | 5,494 downloads


Alessandro
  • #188
  • Aug 27, 2013 3:09pm Aug 27, 2013 3:09pm
Hello this could be a really helpful thread for the users of TMA System. Thanks for the thread.

As a user of the system I want a little favour from you.

Can anyone add sound alert to Fast TMA Line. I want to get an alert when price above and below the TMA Line. I tried to do but I could not so I need help. It would be very appreciated.
Attached File(s)
File Type: ex4 FastTMALine.ex4   9 KB | 481 downloads
  • #189
  • Aug 28, 2013 12:55am Aug 28, 2013 12:55am
Quoting alexx90
{quote} Ok thanks. What is the type fo confirmation that you look for?

All sort of confirmation is needed, every system have his own, the one that i use is the break of long term trendline coupled with the Break of the latest HH, HL and vice versa on the Daily, this could signal a change in trend or like the Famous Jessy Livermore call it, THE LINE OF LEAST RESISTANCE be it bull or bear.
Of course a fakey long wicked candle on major daily support and resistance can help also or shall we call it Pinbar or Pinocchio nose.

This kind of confirmation is crucial for a trade to be taking but takes an iron nerves and a lot of patience and discipline, the 2 qualities that true pro traders have in abundance.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #190
  • Aug 28, 2013 1:01am Aug 28, 2013 1:01am
Quoting Haldi
Hello this could be a really helpful thread for the users of TMA System. Thanks for the thread. As a user of the system I want a little favour from you. Can anyone add sound alert to Fast TMA Line. I want to get an alert when price above and below the TMA Line. I tried to do but I could not so I need help. It would be very appreciated. {file}

I'm sure if u Google it u will find one with alert if not go here and ask Mladen nicely and he will do it for you or refers you to where it is because I'm sure that a lot of people have it.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #191
  • Aug 28, 2013 1:13am Aug 28, 2013 1:13am
PA Tested the 23.6 Fibo on the GU and been rejected with a pinbar yesterday only to hit the last support turn resistance level where i sold it now he is trying to break this fibo level one more time so stay vigilant, bear in mind that the Ascending long term trendline is near so take into consideration that this level will act as strong Support for this pair.
P.S. This is one of my favorite confirmation points when i take a trade.

Best,
B.R.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1_raw.png Size: 68 KB
Master Your Setup, Master Your self. (NQoos)
  • #192
  • Aug 28, 2013 1:25am Aug 28, 2013 1:25am
PA been rejected strongly from the Long term Ascending trendline and made a Bullish pinbar on the D1, i sold rallies with a tight ST now he's trying to breakdown this Trendline one more time, let's see what happens.
with the lack of important news events on the Calendar i won't be expecting a strong moves today.
The 330'sh need to be broken (HL) before the confirmation of the Down trend.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1_raw.png Size: 72 KB
Master Your Setup, Master Your self. (NQoos)
  • #193
  • Aug 28, 2013 1:38am Aug 28, 2013 1:38am
This is from the ETMATE Stand point, markets were very Choppy and volatile this Month for the Lack of liquidity ( Most of the Big guys taking vacations) but with the end of the month very near we can expect the return of the big guys to their offices and slowly the return of liquidity in September and therefore the smoothness of the Markets.

Best,
B.R.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1_etmate.png Size: 137 KB
Master Your Setup, Master Your self. (NQoos)
  • #194
  • Aug 28, 2013 2:48am Aug 28, 2013 2:48am
Quoting bassramy
the Dax has been 3 times rejected from an important Descending trendline and 5 times from an important support and is now sitting in a range that i expect to be broken to the down side soon.
Following yesterday's comments, The Dax broke bad yesterday taking the 5 support levels with him, this is a huge shift in sentiment specially after taking in consideration the Excellent German Ifo Business Climate news events yesterday that came way better than expected @ a 6 years all time high which should had popped the Dax Sky high but instead it crashed badly, this divergence should tell us something about the real sentiment in the Markets specially in the EU.

Best,
B.R.
Attached Image (click to enlarge)
Click to Enlarge Name: #fdxu3daily_st.png Size: 79 KB
Master Your Setup, Master Your self. (NQoos)
  • #195
  • Aug 28, 2013 4:09am Aug 28, 2013 4:09am
Quoting Haldi
Hello this could be a really helpful thread for the users of TMA System. Thanks for the thread. As a user of the system I want a little favour from you. Can anyone add sound alert to Fast TMA Line. I want to get an alert when price above and below the TMA Line. I tried to do but I could not so I need help. It would be very appreciated. {file}
Hi
I thinks the ETS_Dashboard has sound alert when price moves out of Fast TMA Line.
Just search the thread for the dashboard.

phaholj
  • #196
  • Aug 28, 2013 6:03am Aug 28, 2013 6:03am
Quoting Phaholj
{quote} Hi I thinks the ETS_Dashboard has sound alert when price moves out of Fast TMA Line. Just search the thread for the dashboard. phaholj
Thanks for your responses bassramy and Phaholj you are very kind,

I'm still looking for alert I used google search with every possible key words but I could not find what I'm looking for. I will request from Mladen and I'm going to check the dashboard too. Thanks for your responses.
  • #197
  • Aug 28, 2013 7:09am Aug 28, 2013 7:09am
EU broke his Ascending trendline fueled by the US Pending Home Sales m/m Miss , time to place a sell limit order when the retest occur, for those of you and like me who trade the daily wait for the close under the trendline and for the Higher low ( Line in the Sand 330'sh ) to be broken for a short to be considered .
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1_raw.png Size: 74 KB
Master Your Setup, Master Your self. (NQoos)
  • #198
  • Aug 28, 2013 10:09am Aug 28, 2013 10:09am
Why do you consider the green as higher low and don't you consider the blue?
Sometimes it's not simple for me to find the right HL/LH
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-08-28_1905.png Size: 70 KB
  • #199
  • Aug 28, 2013 12:01pm Aug 28, 2013 12:01pm
Hello bassramy. Do all indicators that you use in your chart I put together a template. Not an indicator that you are on the site for download.
  • #200
  • Edited 12:39am Aug 29, 2013 12:29am | Edited 12:39am
Quoting alexx90
Why do you consider the green as higher low and don't you consider the blue? Sometimes it's not simple for me to find the right HL/LH {image}
Its really the same level because the Green couldn't broke this support which is the blue, but if u want the truth after analyzing this chart well i think that the Blue should be considered the HL because PA did paint a HH After it while with the green, PA couldn't follow through and made a HH and was rejected from resistance twice and then collapsed , 1 rule should apply if you're confused : Go to a higher TF and then everything will be revealed clearly to u, if not then go higher, its very easy to spot these on the Higher TF.

Anyway EU Broke this support level on the opening of the European session like i said yesterday, wait for the retest to Enter short and from here on it should be a smooth cruise to the nearest support pending news from Syria or other surprising news events.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
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