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ETMA_The Evolution

  • #201
  • Aug 29, 2013 2:41am Aug 29, 2013 2:41am
Quoting mohsen_hps
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.

Bad translation dude, try 1 more time.
Master Your Setup, Master Your self. (NQoos)
  • #202
  • Aug 29, 2013 2:41am Aug 29, 2013 2:41am
Good morning bass, how are you doing, hope you had a nice night? and how are you family members?
thank you very much for your updates and the ETMA.
Regards
J.
  • #203
  • Aug 29, 2013 2:53am Aug 29, 2013 2:53am
Quoting bassramy
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 . {image}

The line in the sand is being broken @ the EU opening session a strong bear Momentum has been established after the Break of the Ascending trendline, the HL and the 23.6 Fibo, the nearest support is the 38.2 Fibo @ .31860 but the .32070 is also an important Support level given this huge Bullish engulfing Candle that being printed @ this level and the follow up afterwards.

EU is really collapsing i didn't have the time to know why yet but i'm well positioned to profit from this collapse as u can see.

Best,
B.R.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1_raw.png Size: 79 KB
Master Your Setup, Master Your self. (NQoos)
  • #204
  • Aug 29, 2013 2:57am Aug 29, 2013 2:57am
Quoting Jnr6or
Good morning bass, how are you doing, hope you had a nice night? and how are you family members? thank you very much for your updates and the ETMA. Regards J.

You are welcome buddy and thank you for always checking out on me on this thread, now its time for my usual positions maintenance.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #205
  • Aug 29, 2013 3:45am Aug 29, 2013 3:45am
Ok, many thanks!
I took this one on euro, price come down then up and test fib s1 pivot (rejected) and i took here.
I closed at fib s3 pivot and now i opened long.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 66 KB
  • #206
  • Aug 29, 2013 5:29am Aug 29, 2013 5:29am
USDCHF breaking his Descending trendline also, Gold making a fakey Pinbar on D1 Resistance and the silver also.

UCAD is on the verge of Breaking the BTS and The DC after hitting the D1 Upper band and reversed, breaking the 4700 is critical for a bearish move to be established, the CCI and the VQ are already giving me signs of Weakness but the Long term NT-TMA is still bullish but easing down.

EU and UCHF ADR being hit.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #207
  • Aug 29, 2013 5:33am Aug 29, 2013 5:33am
Quoting alexx90
Ok, many thanks! I took this one on euro, price come down then up and test fib s1 pivot (rejected) and i took here. I closed at fib s3 pivot and now i opened long. {image}

why do you try to catch a falling knife it only can hurt yourself and your account, unless you are trying to scalp and even so its dangerous against a strong bearish move like this.
Master Your Setup, Master Your self. (NQoos)
  • #208
  • Aug 29, 2013 6:23am Aug 29, 2013 6:23am
Quoting bassramy
{quote} why do you try to catch a falling knife it only can hurt yourself and your account, unless you are trying to scalp and even so its dangerous against a strong bearish move like this.
i'm not trying to scalp, you are right because then i had a loss, there is always a lesson to learn. it's better to follow the trend.
  • #209
  • Aug 29, 2013 6:34am Aug 29, 2013 6:34am
Please give your chart indicators.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1_xmas tree.png Size: 162 KB
  • #210
  • Aug 29, 2013 6:42am Aug 29, 2013 6:42am
Quoting bassramy
USDCHF breaking his Descending trendline also, Gold making a fakey Pinbar on D1 Resistance and the silver also. UCAD is on the verge of Breaking the BTS and The DC after hitting the D1 Upper band and reversed, breaking the 4700 is critical for a bearish move to be established, the CCI and the VQ are already giving me signs of Weakness but the Long term NT-TMA is still bullish but easing down. EU and UCHF ADR being hit. Best, B.R.
Can you explain how do you use the ADR (average daily range) indicator? here you say that "EU and UCHF ADR being hit", what does this mean?
  • #211
  • Aug 29, 2013 8:00am Aug 29, 2013 8:00am
Quoting mohsen_hps
Please give your chart indicators. {image}

1 More time i will have to refer you to this post : http://www.forexfactory.com/showthre...02#post6784102.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #212
  • Edited 9:05am Aug 29, 2013 8:15am | Edited 9:05am
Quoting alexx90
{quote} Can you explain how do you use the ADR (average daily range) indicator? here you say that "EU and UCHF ADR being hit", what does this mean?

The ADR is the average Daily range for every currency, these are the limits that every pair will move in a day and in pips, our Bands are made of these ranges although we use the ATR instead of the ADR Because the ATR include the gap and the ADR don't that's why its called the Average True Range.

When PA hit these limits more or less, each pair find it very hard to continue there current move and retrace back except in a very strong trend and momentum due to strong fundamentals and news events.

These ADR or ranges tend to expand and narrows overtime but you can fairly expect PA to respect these limits Day in and Day out and that's why i always recommend to place your stop loss outside of these ranges if you don't want them to be hit when you take a trade.

Just observe the ADR For the EU low or the UCHF high today to see how the PA Freezed when it hits these levels and reversed back or stalled there.

Hope it helps.

Best,
B.R.
Attached Image (click to enlarge)
Click to Enlarge Name: ADR'S TODAY.png Size: 49 KB
Attached Image
Master Your Setup, Master Your self. (NQoos)
  • #213
  • Aug 29, 2013 8:18am Aug 29, 2013 8:18am
Would you tell me your name?
  • #214
  • Aug 29, 2013 9:23am Aug 29, 2013 9:23am
Quoting bassramy
{quote} The ADR is the average Daily range for every currency, these are the limits that every pair will move in a day and in pips, our Bands are made of these ranges although we use the ATR instead of the ADR Because the ATR include the gap and the ADR don't that's why its called the Average True Range. When PA hit these limits more or less, each pair find it very hard to continue there current move and retrace back except in a very strong trend and momentum due to strong fundamentals and news events. These ADR or ranges tend to expand and narrows...
Ok i understand, it's like to say that ADR is the power. When price reaches max power level it's difficult (but not impossible) that it will continue more. I searched on the web, there are a lot of indicators that show only the average today, 5 days, 10 days, 20 days but i didn't find anyone that show me levels on chart.
  • #215
  • Aug 29, 2013 11:03am Aug 29, 2013 11:03am
Quoting alexx90
{quote} Ok i understand, it's like to say that ADR is the power. When price reaches max power level it's difficult (but not impossible) that it will continue more. I searched on the web, there are a lot of indicators that show only the average today, 5 days, 10 days, 20 days but i didn't find anyone that show me levels on chart.

Try mine.
Attached Image (click to enlarge)
Click to Enlarge Name: ADR.png Size: 47 KB
Attached File(s)
File Type: mq4 #SimpleADRV1.mq4   12 KB | 650 downloads
Master Your Setup, Master Your self. (NQoos)
  • #216
  • Aug 29, 2013 11:10am Aug 29, 2013 11:10am
Bass - tried to use that nice ADR indi but got message saying use of decompiled source not allowed.
  • #217
  • Aug 29, 2013 3:21pm Aug 29, 2013 3:21pm
Quoting handy148
Bass - tried to use that nice ADR indi but got message saying use of decompiled source not allowed.
Try this one
Attached File(s)
File Type: ex4 #SimpleADRV1.ex4   14 KB | 592 downloads
  • #218
  • Aug 30, 2013 2:18am Aug 30, 2013 2:18am
Quoting handy148
Bass - tried to use that nice ADR indi but got message saying use of decompiled source not allowed.

Yes u have the Metatrader 4 V.500 and up, metaquotes don't allow the use of decompiled Source code in their later versions, but there is a back door to this, Google it and u will find your answer or try the above Indi.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #219
  • Edited 1:08pm Aug 30, 2013 12:32pm | Edited 1:08pm
Thanks for ADR indicator.
I developed this indicator, from yesterday to today, that helps me to trace open trades and other.
I'm ok to share it with you.
You have only to open a clean chart and aplly the template.
Remember to apply the template to a pair that is very liquid (if you want to see fast changes) because the indicator is updated only when the pair update, only when the pair move at least of 1 pip.
Hope you enjoy.

Attached File(s)
File Type: tpl accountmanagement.tpl   6 KB | 552 downloads

Attached File(s)
File Type: ex4 accountManagement.ex4   12 KB | 605 downloads


Alessandro
  • #220
  • Aug 31, 2013 2:12am Aug 31, 2013 2:12am
Quoting alexx90
Thanks for ADR indicator. I developed this indicator, from yesterday to today, that helps me to trace open trades and other. I'm ok to share it with you. You have only to open a clean chart and aplly the template. Remember to apply the template to a pair that is very liquid (if you want to see fast changes) because the indicator is updated only when the pair update, only when the pair move at least of 1 pip. Hope you enjoy. {file} {file} Alessandro

Thank you Alex.
Master Your Setup, Master Your self. (NQoos)
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