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ETMA_The Evolution

  • #261
  • Sep 16, 2013 2:47am Sep 16, 2013 2:47am
Quoting bassramy
{quote} This is the super trend Indicator on MT5, Google it.
Or check it here

http://codebase.mql4.com/3959

More information here

http://tradingresearch.wordpress.com...over-12-years/

It takes a lot for me to IGNORE you, but you can try.
  • #262
  • Sep 16, 2013 3:00am Sep 16, 2013 3:00am
I agree 100%.
https://mahifx.com/blog/21-signs-you...e-a-forex-trad
And on this also.
https://mahifx.com/blog/can-i-quote-you-on-that

Is this really us, A Day In The Life Of A Forex Trader.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #263
  • Sep 16, 2013 3:03am Sep 16, 2013 3:03am
Quoting bassramy
{quote} T., thank you very much for ur reply, there is a lot of valid info in your post but for me its a lot simpler than that when it comes to PB, Engulfing or Piercing line, specially if its a big candle on a major support and resistance, i enter after seeing these patterns on a retrace of between 20% - 50%, my SL would be where I'm wrong which means under or over the Pattern Candle and my exit would be an R:R of 1:2 Ratio that's it no more and no less. The probabilities on these patterns have proves themselves overtime but still nothing is guaranteed...
Hi.

No problem. I'm glad to participate on constructive items.

Note: I'm aware that this was not ETMA trade. I'm just saying perhaps reconsider applying PA oriented strategy on faster TFs after you see pinbar on d1 or h4. You might be able to even further increase the odds in your favor.


BR
  • #264
  • Sep 16, 2013 3:05am Sep 16, 2013 3:05am
Quoting Erebus
{quote} Or check it here http://codebase.mql4.com/3959 More information here http://tradingresearch.wordpress.com...over-12-years/

Thank you Erebus.
Master Your Setup, Master Your self. (NQoos)
  • #265
  • Sep 16, 2013 3:13am Sep 16, 2013 3:13am
Me too.
Tweaking Our FX Strategy & Positions After Summers' News - Nomura
Master Your Setup, Master Your self. (NQoos)
  • #266
  • Sep 16, 2013 4:50am Sep 16, 2013 4:50am
This week markets opening :

The US Dollar gapped lower against its leading counterparts to start the trading week after Lawrence Summers withdrew his candidacy to take over as Chairman of the Federal Reserve after Ben Bernanke concludes his term in January of next year. Summers was seen as a more hawkish alternative to the other leading contender for Bernanke’s job, current Fed Vice-Chair Janet Yellen. As such, his exit from the contest sent the US unit lower and offered a lift to risk sentiment.
Master Your Setup, Master Your self. (NQoos)
  • #267
  • Sep 16, 2013 5:49am Sep 16, 2013 5:49am
How to Build a Strategy, Part 1: Market Conditions
How to Build a Strategy, Part 2: The Time Frames of Trading
How to Build a Strategy, Part 3: Support and Resistance
How to Build a Strategy, Part 4: How to Grade Momentum
How to Build a Strategy, Part 5:Risk Management

A good guide to how to build a strategy with plain and simple terms, a lot of important info inside.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #268
  • Sep 16, 2013 6:00am Sep 16, 2013 6:00am
Read and learn.

  1. The Forex Trader’s Guide to Price Action
  2. Price Action Pin Bars
  3. Trading Double-Spikes (Price Action)
  4. Trading Price Action - Triangles
  5. How to Analyze and Trade Ranges with Price Action
  6. How to Identify Positive Risk-Reward Ratios with Price Action
  7. Trading Trends by Trailing Stops with Price Swings
  8. How to Trade Fake Pin Bars

Education, the corner stone of success in the Markets.

Best,
B.R.

Master Your Setup, Master Your self. (NQoos)
  • #269
  • Sep 19, 2013 8:12am Sep 19, 2013 8:12am
Making Sense of the Fed’s Non-Taper - We Should Have Seen it Coming
http://media.dailyfx.com/illustratio...g_body_FED.jpg
- Conclusion: CPI remains below the Fed’s +2% yearly target, and it lacks upside momentum.
- Change in Nonfarm Payrolls 3-month average, May versus August: +172K versus +148K; 12-month average: +181K versus +184K.
- Conclusion: the labor market is steady, but not strong.

And that's why the Fed Didn't taper, and that's why we should have position ourselfs Short the Buck and Long all the other pairs.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #270
  • Sep 19, 2013 9:20am Sep 19, 2013 9:20am
Pictures that make go Hmmm...
Attached Images
Master Your Setup, Master Your self. (NQoos)
  • #271
  • Sep 19, 2013 9:30am Sep 19, 2013 9:30am
And, Things That Make You Go Hmmm...
A Must Reading for the serious Trader and Investor.
Master Your Setup, Master Your self. (NQoos)
  • #272
  • Sep 20, 2013 5:57am Sep 20, 2013 5:57am
good day bass, any updates on EG longs? I've got an open position already jt at the break up of the D1 lower band and rules were meet. your thoughts will be appreciated.
Greetings.
j
  • #273
  • Sep 20, 2013 8:52am Sep 20, 2013 8:52am
Quoting bassramy
The Currency Average Daily Range (ADR) Power Proof, just watch the EU how he behaves around the ADR, notice the rejection around these levels .31500, round number which is also the support and resistance levels for the day. ISM Non-Manufacturing PMI beat expectation, the US Economy is picking up and that's another reason for the EU to continue his down trend. {image} {image}
Covered my EU shorts for a small profit after the FOMC Fiasco as i was @ breakeven+ before on all Positions, now i'm long and my SL is @ breakeven also, PA crossed the Upper D1 Band up and now trying to retrace back down slowly but its early to close my longs and go short.

GU is in mad bull run since last week but i can detect some weakness yesterday and today if it continues like that next week we will have a short ETMATE set up, rules are slowly lining up.

EG broke support last week taking my long Bullish pinbar position with it, but this week he retraced back up after FOMC and made another Bullish pinbar and broke that pinbar and resistance with a big white candle completing what its called a VIC 2B bottom reversal Set up so @ the break of the Pinbar i went long, so does all our rules for a ETMATE Set up, Trendline was broken up, CCI crossed up, the BTS and the DC broken up and the last lower high was broken up also.

GCHF Bearish Pinbar trade is going strong and i'm already @ breakeven in that trade Post# 252 .
UCAD is showing signs of a good Bullish ETMATE Setup, rules are nearly aligned, waiting only for the break of the BTS and the DC to cover my shorts and go long, i had a very nice R:R on these shorts, around 1:5 see Post# 244 .
.
UCHF Is in his last Phase of bottoming @ ~ 9020'sh and that's why i think that there is still room for the EU to make 1 last swing up forming that famous divergence before the collapse, the 37'sh is the final frontier or the last resistance.

I have a variety of other Crosses, Indices and Commodoties trades which is going strong in my trend following Portfolio but this is not the place to discuss them, just saying.

Best,
B.R.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgbp_h1_etmate.png Size: 104 KB
Click to Enlarge Name: gchf_h1_etmate.png Size: 106 KB
Master Your Setup, Master Your self. (NQoos)
  • #274
  • Sep 20, 2013 8:54am Sep 20, 2013 8:54am
Remember the cycles .
Attached Image
Master Your Setup, Master Your self. (NQoos)
  • #275
  • Sep 20, 2013 9:03am Sep 20, 2013 9:03am
Forget to mention that AU and NU are aligning for a Short ETMATE Set up also but its still early, we will see next week what happens.
Master Your Setup, Master Your self. (NQoos)
  • #276
  • Sep 22, 2013 12:33pm Sep 22, 2013 12:33pm
http://www.dailyfx.com/design/fxcm/i...4/flag-usd.png
US Dollar Plummets on Fed, but Here’s Why it Might not Fall Further
neutral
http://www.dailyfx.com/design/fxcm/i...4/flag-eur.png
Euro/US Dollar Look to Risk, PMIs and German Election to Hold 1.3500
neutral
http://www.dailyfx.com/design/fxcm/i...4/flag-jpy.png
Yen Would Benefit from Softer US Yields, but FOMC Turned Risk “On”
bearish
http://www.dailyfx.com/design/fxcm/i...4/flag-gbp.png
Pound to Face Limited Correction Amid Shift in BoE Policy Outlook
bullish
http://www.dailyfx.com/design/fxcm/i...4/flag-xau.png
Gold Snaps 3-Week Losing Streak on FOMC- To Trade or Fade?
bearish
http://www.dailyfx.com/design/fxcm/i...4/flag-cad.png
Canadian Dollar To Consolidate Ahead of GDP Report
neutral
http://www.dailyfx.com/design/fxcm/i...4/flag-aud.png
Australian Dollar Recovery Faces Evolving Fed QE Speculation
bullish
http://www.dailyfx.com/design/fxcm/i...4/flag-nzd.png
New Zealand Dollar to Hold Range Ahead of RBNZ
neutral

Next week outlook.
Master Your Setup, Master Your self. (NQoos)
  • #277
  • Edited 9:48am Sep 24, 2013 4:55am | Edited 9:48am
Quoting bassramy
Forget to mention that AU and NU are aligning for a Short ETMATE Set up also but its still early, we will see next week what happens.

These shorts are here, cycle phase 2 -3 is completed with the break of the point 1, closed my longs and took a short and waiting for a retrace to enter another short, Ascending trendline has been broken, BTS and CCI have crossed down after the PA crossed D1 upper Band up and then down again.

Best,
B.R.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh1_etmate.png Size: 152 KB
Master Your Setup, Master Your self. (NQoos)
  • #278
  • Sep 24, 2013 9:45am Sep 24, 2013 9:45am
Quoting bassramy
{quote} These shorts are here, cycle phase 2 -3 is completed with the break of the point 1, closed my longs and took a short and waiting for a retrace to enter another short, Ascending trendline has been broken, BTS and CCI have crossed down after the PA crossed D1 upper Band up and then down again. Best, B.R.

The GU broke the BTS down, the CCI cross Down and the VQ Agrees in giving a sell signal, phase 2-3 of the Bearish cycle completed, Williams%R is oversold waiting for it to retrace up to the Overbought area and then cross down to close my longs and short this pair, that will be the 3-4 phase of the bearish cycle.

Best,
B.R.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1_etmate.png Size: 131 KB
Master Your Setup, Master Your self. (NQoos)
  • #279
  • Sep 29, 2013 2:18pm Sep 29, 2013 2:18pm
Guys , I really like ETMA .I use H4 as my main TF Is there a way to show M15 , H1 and H4 TMAs on same window from H4 without me having to go to lower tf. Is there a way to do it?. Have downloaded all tma indicators on FF but none can display what I want .


Thanks!!!!!
Life Is Good
  • #280
  • Sep 30, 2013 2:30am Sep 30, 2013 2:30am
Quoting cowcool
Guys , I really like ETMA .I use H4 as my main TF Is there a way to show M15 , H1 and H4 TMAs on same window from H4 without me having to go to lower tf. Is there a way to do it?. Have downloaded all tma indicators on FF but none can display what I want . Thanks!!!!!

Its pretty easy, plot 3 Fast TMA Indicators on your chart, edit every one of them and in the TF Section (The 1st Line) enter your preferred TF period for every Indicator, i use H1, H4, D1 and W1.

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