10.6 EDSEL

[nanningbob]

USD just crossed the CHF on the CSS daily chart. Price just crossed the daily pivot on the 4H chart. I believe I will take that trade and see what happens.

[alorente]

USD just crossed the CHF on the daily chart. Price just crossed the daily pivot on the 4H chart. I believe I will take that trade and see what happens.

Solid trade. I am long UsdChf since Yellen yelled...

[alorente]

EurUsd H4 TMA has turned clearly down and will move to the bottom line of the D1 TMA band (Around 1.35 or less). Does that mean EU will drop in the coming days? Not necessarily... If you look at the 35 bars to the right of the 50 Bars Back red dotted line in H4 time frame, they are stronger than current price. That means that EU could rise to 1.39 and the H4 would continue down with the same slope it has now. Will EU bounce? Not necessarily, but if it doesnt, the H4 TMA will increase it´s slope down considerably. Next week is a different story... The bars beyond 36 to the right of the 50 bars back line indicate a sharp drop. If I had to bet, EU will be supported this week and will fall hard next week. That is how to read 50 Bars Back indi. Once you get used to it, it will help you predict moves quite accurately.

Of course, this will work only if you have the H4 TMA period set at 50 also...

If you don´t understand what I just said, ask me questions. This is the heart of the ExtremeTMA system...

[alorente]

EurUsd H4 TMA has turned clearly down and will move to the bottom line of the D1 TMA band (Around 1.35 or less). Does that mean EU will drop in the coming days? Not necessarily... If you look at the 35 bars to the right of the 50 Bars Back red dotted line in H4 time frame, they are stronger than current price. That means that EU could rise to 1.39 and the H4 would continue down with the same slope it has now. Will EU bounce? Not necessarily, but if it doesnt, the H4 TMA will increase it´s slope down considerably. Next week is a different story... The bars beyond 36 to the right of the 50 bars back line indicate a sharp drop. If I had to bet, EU will be supported this week and will fall hard next week. That is how to read 50 Bars Back indi. Once you get used to it, it will help you predict moves quite accurately.

Of course, this will work only if you have the H4 TMA period set at 50 also...

If you don´t understand what I just said, ask me questions. This is the heart of the ExtremeTMA system...

To continue on what I was saying, H4 slopes tend to repeat themselves for each pair. Here is how to benefit from this:

Look at the slope of H4 on EurUsd during the drop last June. Draw a trendline that matches one of the sides of the H4 TMA. Now drag the trendline to the right until you reach the drop in November. You can see that it matches pretty well with the H4 TMA, now drag the trendline to today. As you can see, it is much steeper than the -0.29 slope we have now. What does this mean? Most probably, the H4 TMA will increase its slope considerably, probably to -0.50 or more. What does this mean? It means price will have to underperform the bars to the right of the 50 Bars Back indi in order for the slope to become steeper.

Bottom line: EurUsd has probably reached a high on the rebound to 1.3835 and will tend to be supported this week or drop further. Next week it should drop really hard in order to accentuate the slope down on the TMA.

[xrismak]

EurUsd H4 TMA has turned clearly down and will move to the bottom line of the D1 TMA band (Around 1.35 or less). Does that mean EU will drop in the coming days? Not necessarily... If you look at the 35 bars to the right of the 50 Bars Back red dotted line in H4 time frame, they are stronger than current price. That means that EU could rise to 1.39 and the H4 would continue down with the same slope it has now. Will EU bounce? Not necessarily, but if it doesnt, the H4 TMA will increase it´s slope down considerably. Next week is a different story... The bars beyond 36 to the right of the 50 bars back line indicate a sharp drop. If I had to bet, EU will be supported this week and will fall hard next week. That is how to read 50 Bars Back indi. Once you get used to it, it will help you predict moves quite accurately.

Of course, this will work only if you have the H4 TMA period set at 50 also...

If you don´t understand what I just said, ask me questions. This is the heart of the ExtremeTMA system...

To continue on what I was saying, H4 slopes tend to repeat themselves for each pair. Here is how to benefit from this:

Look at the slope of H4 on EurUsd during the drop last June. Draw a trendline that matches one of the sides of the H4 TMA. Now drag the trendline to the right until you reach the drop in November. You can see that it matches pretty well with the H4 TMA, now drag the trendline to today. As you can see, it is much steeper than the -0.29 slope we have now. What does this mean? Most probably, the H4 TMA will increase its slope considerably, probably to -0.50 or more. What does this mean? It means price will have to underperform the bars to the right of the 50 Bars Back indi in order for the slope to become steeper.

Bottom line: EurUsd has probably reached a high on the rebound to 1.3835 and will tend to be supported this week or drop further. Next week it should drop really hard in order to accentuate the slope down on the TMA.

Al,
I hate to Digress from your Topic as regards Trading the H4 and D1 I will Gradually come round to Doing that but please have a Look at this Trade when you have time, this is How I would Trade the Lower time frames with your Indi/Template based on what I Understand so far about the TMA Fast Line...I would Exit these set of Trades when Price Touches the Lower White TMA Fast Line Band or When the STO7 is Flat on the H1,

First Test Trades with TMA FastLine 24-03-14.png (b).png

please also Consider that the Idea of the Trade is an Entry and Exit on the Lower M15 TimeFrame but I am Open to Correction from anyone if I am wrong.

Happy Trading Y'all.

xrismak

[alorente]

EurUsd H4 TMA has turned clearly down and will move to the bottom line of the D1 TMA band (Around 1.35 or less). Does that mean EU will drop in the coming days? Not necessarily... If you look at the 35 bars to the right of the 50 Bars Back red dotted line in H4 time frame, they are stronger than current price. That means that EU could rise to 1.39 and the H4 would continue down with the same slope it has now. Will EU bounce? Not necessarily, but if it doesnt, the H4 TMA will increase it´s slope down considerably. Next week is a different story... The bars beyond 36 to the right of the 50 bars back line indicate a sharp drop. If I had to bet, EU will be supported this week and will fall hard next week. That is how to read 50 Bars Back indi. Once you get used to it, it will help you predict moves quite accurately.

Of course, this will work only if you have the H4 TMA period set at 50 also...

If you don´t understand what I just said, ask me questions. This is the heart of the ExtremeTMA system...

To continue on what I was saying, H4 slopes tend to repeat themselves for each pair. Here is how to benefit from this:

Look at the slope of H4 on EurUsd during the drop last June. Draw a trendline that matches one of the sides of the H4 TMA. Now drag the trendline to the right until you reach the drop in November. You can see that it matches pretty well with the H4 TMA, now drag the trendline to today. As you can see, it is much steeper than the -0.29 slope we have now. What does this mean? Most probably, the H4 TMA will increase its slope considerably, probably to -0.50 or more. What does this mean? It means price will have to underperform the bars to the right of the 50 Bars Back indi in order for the slope to become steeper.

Bottom line: EurUsd has probably reached a high on the rebound to 1.3835 and will tend to be supported this week or drop further. Next week it should drop really hard in order to accentuate the slope down on the TMA.

Al,
I hate to Digress from your Topic as regards Trading the H4 and D1 I will Gradually come round to Doing that but please have a Look at this Trade when you have time, this is How I would Trade the Lower time frames with your Indi/Template based on what I Understand so far about the TMA Fast Line...I would Exit these set of Trades when Price Touches the Lower White TMA Fast Line Band or When the STO7 is Flat on the H1, please also Consider that the Idea of the Trade is an Entry and Exit on the Lower M15 TimeFrame but I am Open to Correction from anyone if I am wrong.

Happy Trading Y'all.

xrismak

Yes. Exiting on the lower line of the TMA is correct by the book. Still, to me trading is not purely mechanics. I would keep an eye when price reaches the centerline of the TMA for a possible turn. Keep an eye on the TSI at that point. If it starts to turn up, you may want to exit. If it continues straight, hold on. When you get to the bottom line of the TMA, look at the TSI again to detect a possible turn. Hold on if it continues dropping and lower your stop. You may be able to get more pips by holding. The point is, you should be sensitive to what the market is doing and not just settle on a fixed exit point.

Mechanics are fine, but trading is more art than science. With practice and always keeping an open mind to any possibility, you will get to "feel" the market.

[yamez]

Guys lets keep it simple. 1st bar green or red 10.4 trade, both bars green or red 10.6 trade. If you have goldenrod or olive bar then look for TMA trades. Keep it simple it was designed that way.

I was going to say it was a "scalp" trade, perhaps not recommended. Got out @ BE. The TMA alert is the red X in between the green lower bands. I forgot to switch on the pop alerts, doing now.

[alorente]

EurUsd H4 TMA has turned clearly down and will move to the bottom line of the D1 TMA band (Around 1.35 or less). Does that mean EU will drop in the coming days? Not necessarily... If you look at the 35 bars to the right of the 50 Bars Back red dotted line in H4 time frame, they are stronger than current price. That means that EU could rise to 1.39 and the H4 would continue down with the same slope it has now. Will EU bounce? Not necessarily, but if it doesnt, the H4 TMA will increase it´s slope down considerably. Next week is a different story... The bars beyond 36 to the right of the 50 bars back line indicate a sharp drop. If I had to bet, EU will be supported this week and will fall hard next week. That is how to read 50 Bars Back indi. Once you get used to it, it will help you predict moves quite accurately.

Of course, this will work only if you have the H4 TMA period set at 50 also...

If you don´t understand what I just said, ask me questions. This is the heart of the ExtremeTMA system...

To continue on what I was saying, H4 slopes tend to repeat themselves for each pair. Here is how to benefit from this:

Look at the slope of H4 on EurUsd during the drop last June. Draw a trendline that matches one of the sides of the H4 TMA. Now drag the trendline to the right until you reach the drop in November. You can see that it matches pretty well with the H4 TMA, now drag the trendline to today. As you can see, it is much steeper than the -0.29 slope we have now. What does this mean? Most probably, the H4 TMA will increase its slope considerably, probably to -0.50 or more. What does this mean? It means price will have to underperform the bars to the right of the 50 Bars Back indi in order for the slope to become steeper.

Bottom line: EurUsd has probably reached a high on the rebound to 1.3835 and will tend to be supported this week or drop further. Next week it should drop really hard in order to accentuate the slope down on the TMA.

Al,
I hate to Digress from your Topic as regards Trading the H4 and D1 I will Gradually come round to Doing that but please have a Look at this Trade when you have time, this is How I would Trade the Lower time frames with your Indi/Template based on what I Understand so far about the TMA Fast Line...I would Exit these set of Trades when Price Touches the Lower White TMA Fast Line Band or When the STO7 is Flat on the H1, please also Consider that the Idea of the Trade is an Entry and Exit on the Lower M15 TimeFrame but I am Open to Correction from anyone if I am wrong.

Happy Trading Y'all.

xrismak

Yes. Exiting on the lower line of the TMA is correct by the book. Still, to me trading is not purely mechanics. I would keep an eye when price reaches the centerline of the TMA for a possible turn. Keep an eye on the TSI at that point. If it starts to turn up, you may want to exit. If it continues straight, hold on. When you get to the bottom line of the TMA, look at the TSI again to detect a possible turn. Hold on if it continues dropping and lower your stop. You may be able to get more pips by holding. The point is, you should be sensitive to what the market is doing and not just settle on a fixed exit point.

Mechanics are fine, but trading is more art than science. With practice and always keeping an open mind to any possibility, you will get to "feel" the market.

Another point. You should not have the TMA set to current on the time frame. Set it to H1 even if you are in M15 TF. Most pairs move to the other side of the H1 TMA intraday, especially GbpJpy. Don´t use the M15 TMA, it will limit your pips since it is too narrow.

[nanningbob]

eur and usd just crossed at the 0 line on the CSS daily. Means they are going in opposite directions but not at a fast rate at this time both are at the stop sign and just beginning to start their acceleration.

SInce we have several new people here let me explain the car thing with the CSS.

If you are driving a car you come to a stop at a stop sign. This is the 0 line. What that means is the overall direction of a currency is flat. The ones that are stronger it will weaken the ones that are weaker it will strengthen but mostly in a range. As the overall currency leaves the stop sign it begins to accelerate slowly but surely 5, 10, 15, and finally it passes the 20 line. As it continues to accelerate those that are angling away you will see the biggest moves from as far as volatility. So if a currency is going north of the 20 line and another is going south from the -20 line that is the pair that will give you the greatest moves. One is accelerating and strengthening and one is accelerating weakening giving you the best trades as long as they keep doing that.

So that is the best case scenario. Now as a currency goes past the 20 it may continue to accelerate faster and faster until it reaches top speed and hits its peak. At this point you will see it flattening out and hanging at a steady speed. At some point it begins to decelerate. Now what that means is the car still going forward but not as fast. It is slowing down because the stop sign ahead. What you must understand is that it is still strengthening but not as quickly, in other words it is still moving towards the stop sign but at a slower speed. It comes back inside the 20 and finally reaches the stop sign again and the whole process begins.

What AL has pointed out with one indi also shows up on another. The USD is beginning to pull away from the stop sign to strengthen and the euro is pulling away to weaken. His analysis is that it will probably pass the -20 line late this week or next week. The USD may pass the +20 later this week or next week. Either way we both can see the same thing possibly coming. As they accelerate away from each other, they will pick up speed and the distance between the two will increase. You will see the eur/usd break south of the 240 line and hopefully a nice trend will emerge. Right now price has penetrated the 240 and opposite acceleration should kick in you will see me sell when it crosses both the 240 and 60 and begin looking for additional entrances using 10.4 and 10.6 red bars. (I am already in) Depending on how the fundamentals play out this could last a week, month, or ?????????????????? Will we finally break out from the range trading we have been seeing??? Time will tell. Meanwhile, there will be a battle between the bears and the bulls, like AL said but the CSS will tell you who is winning that battle as the two lines separate.

CSS is very predictive and lets you know that a good eur/usd sell situation is brewing. By the way AL do you like your coffee black or with cream and sugar. A cup of hot eur/usd sell is percolating.

[nanningbob]

Watch that JPY line. It is about to do the same thing with the eur and chf. End of the month strengthening of JPY seems to be in the works again this month.