ETMA_The Evolution

I have multiple systems and Platforms in my portfolio, i use Ninja to trade Futures and CFD's in my Trend following portfolio and i like to use Metatrader for my swing trading accounts and Day trading.

If you read my thread you will learn a lot about my trading style which is a mixed style of 66% long term trend following systems and about 33% of swing and day trading.

Best,
B.R.

Dear Bass
Thank you very much for the advice

This is how its done.

Taking in consideration the market structure of this pair, and after analyzing the PA behavior over the last week, noticed that after several attempts PA couldn't break resistance and continue his up trend which lead to a sideways market or consolidation, so and like always something got to give be it up or down, and i was waiting for a news event catalyst to do so, last week was pretty cool but with this week with the return of volatility and liquidity it was a matter of time before PA start to move again.
So,
1 - H1 Candle broke support and closed under.
2 - Turned to H4 and saw that i still have 1 hour to the H4 candle to close so i didn't do anything i just waited (Patience, my rules wasn't fulfilled yet).
3 - Waited to see if the H4 candle will close under support or we will have a pinbar fackey (a fake break of support).
4 - Second H1 Candle retested the broken support and closed over it with the shape of the candle signaling a bearish rejection of this support or @ least indecision.
5 - Placed a sell stop order 5 pips under the low of this candle ( Including spread ) and tightened my stop loss to the same level (Remember i was still long on this pair).
6 - Boom, PA broke hard and took my stop loss with a 12 pips in profit and in the same time entered a short position with a stop loss over the last swing high.

Next time You should wait until a H4 candle close under the support level or @ least 2 H1 candles, when you perfected this method you will begin to trade more advanced methods like this one and entered on retest if you have the stomach for it, you still have the chance to do so with this trade for the PA will surely revisit the broken support now turned resistance before continue downward.

We should pay a close attention for the UJ Today in his turn trying to break resistance and continue a bull flag maybe the CB Consumer Confidence @ 2pm GMT will be the catalyst for the break.
The GU Broke hard also with the GDP miss opening the door for more losses after the analysts over optimism about this pair, taking in consideration the market structure and the PA levels near the weekly and Monthly Resistance.

Hope it helps, best.
B.R.

Things that make you go Hmmm... (TTMYGH)
http://www.mauldineconomics.com/ttmygh/gyver-guffin

Enjoy.

Nice PA analysis

Here we go, entry should be taking on the retest after the H4 Candle close above resistance, this should open the door for the 103.740 (resistance) if not the 104.100, the projection of this move is 103.470.

EU wash and rinse cycles, are u kidding me, how can we day trade in such a volatile market, in 10 minutes we will see if it will be the continuation of the rinse cycle or another wash one will come into play.

Is it time to rinse after the morning wash on the EU.

Gold, Daily, descending triangle and the target projection, better target the 161.8 Fibo ( 1188 ) downward for it is with the Support confluence form an excellent target.

H4 Bullish Pinbar Rejecting support or the Triangle Floor or can we say triple bottom.
And the follow up, which seems to be the break upward of the triangle.

Pinbars all over the Board and The USD is being hitting hard after the NFP Strength, go figure, crazy Friday and First of the Month, have a good weekend.

Hello bassramy- Thanks for keeping the EXT TMA going. I have not finished reading the old E TMA thread, but still working on it

I am using the indis that are on the first page on the old E TMA thread.... my question is - are the old indis still valid or have you or others been using new idis and if so were can I find the most updated idies? Just asking for I see your charts are showing different idis. I am using S and D levels in combo with the E TMA

Thanks for your time

Note - I am using the repaiting idies. I am still experimenting with the true TMA idis. I would be glad to hear any input concerning the true TMA idis and the repainting idis....

The ETMA combined with Support and Resistance is a good system but there are much profitable swing systems out there.

The truth is Al never traded the latest Indies that he posted on the First page, he ditched the Thread right after he posted these Indies and Template.

That being said, just know that back when i was trading my Version of the ETMA i did have success but not enough to justify the Drawdown ( 33.2% ) and even thought my Winning rate and my Average Win, Average loss = 2:1 RR was high, my profit Factor was 1.97 which is good for a swing system .

Hope it helps,
B.R.

Blowing out the rooftop.

Pop Goes the Weasel, it seems like a FOMC Day, take a look @ that, all the Majors have their ADR's Reached, and why ?, i didn't hear any high risk event news for these pairs to move like this, question remain to be answered.
- EU Broke his wedge.
- GU broke resistance and heading to his weekly top.
- The Kiwi broke resistance after that reversal from support.
- The Aussie broke Resistance on the H1 and H4 .
- The yen broke support and so does the The Loonie.

Looking @ the USDX i can see that intermediate support being broken and the H1 closed under it but another major support level is waiting and PA had reversed several time form this level is it gonna follow through ?, we will see.

AU, UJ, UCAD trades all bound to reversals if the USDX found support on his current level @ the NY close..

The USDX.

A la shahab trade idea with good R:R.

Confluence of :
- support turned resistance.
- Retest of that level.
- Fibonacci 61.8 retest.
- Backed with CCI and RSI Overbought conditions.

This is the UCAD, we can do the same for the UJ.

Lets see how it will work out.

And this is the Yen Trade Idea.

I like the idea of selling the UJ on retest of broken Support.

Confluence :
- Retest of Support Turned Resistance.
- 61.8 Fibo.
- Overbought conditions on both CCI and RSI.

And Long AUD if it works.