10.6 EDSEL

Post by **alorente** » Mon Mar 24, 2014 3:10 pm

A member just asked me by PM:

Hi al,
what do you make of EURCAD? The daily TMA is clear of the weekly TMA and looking back this seems to be very rare, a BIG fall on the cards maybe.

I answered:

Yes. It is very overextended. The H4 is also beyond the D1. I expect a drop, but it is dangerous to trade short against a TMA that is above 0.20. The D1 is 0.34 now. The H4 is turning though, so a big drop is likely to happen. Still, I won´t take it myself...

Please, post your questions on the thread so others can benefit also from the explanations.

Post by **art** » Mon Mar 24, 2014 5:54 pm

just trying to get my head round all this al ,great stuff, my read on the daily tm slope on the eurcad is -0.22, according to my chart, you were saying the daily is 0.34, do i have something wrong,cheers

Post by **alorente** » Mon Mar 24, 2014 5:56 pm

art » Mon Mar 24, 2014 6:54 pm wrote:just trying to get my head round all this al ,great stuff, my read on the daily tm slope on the eurcad is -0.22, according to my chart, you were saying the daily is 0.34, do i have something wrong,cheers

EurCad on my chart says the slope is 0.35 on D1.

Post by **art** » Mon Mar 24, 2014 6:06 pm

thats strange, any ideas al, why mine is different, and what made the euro spike and usd shoot down, just now?

Post by **art** » Mon Mar 24, 2014 6:11 pm

just looking at the 4 tma levels at the corner of my screen they dont appear to have moved, the bar time was stuck, until i downloaded your recent post

Post by **alorente** » Mon Mar 24, 2014 6:14 pm

art » Mon Mar 24, 2014 7:11 pm wrote:just looking at the 4 tma levels at the corner of my screen they dont appear to have moved, the bar time was stuck, until i downloaded your recent post

Technical bounce to 61.8% Fib of last weeks drop. Not unexpected...

Post by **art** » Mon Mar 24, 2014 6:22 pm

my tma is not working all the charts are reading the same, just noticed

Post by **matt_32** » Mon Mar 24, 2014 6:38 pm

I am having trouble with Extreme TMA info indocator as well. The indi dissapears whenever i change timeframes. I need to open the indi manually and press ENTER in order to make in appear on the screen again.

Strange !!

Matt

Pedigree · Post by **Pedigree** » Mon Mar 24, 2014 7:54 pm

art » Mon Mar 24, 2014 7:22 pm wrote:my tma is not working all the charts are reading the same, just noticed

art,

You most likely don't have the ExtremeTMA info 040 indi on your chart. It's the one that generates those figures. Get it from here:

http://www.stevehopwoodforex.com/phpBB3 ... 282#p88282

Post by **nanningbob** » Mon Mar 24, 2014 10:44 pm

10.6 edsel v 2.0 range trade
Eur/usd spike back up leaves us back in range territory. Using TMA in range territory we have a sell signal coming up.

4 basic trade setups is set.
1. Dummy light is olive
2. price near top of TMA
3. STO 7 is getting ready to trigger
4. CSS both 4H and Daily show USD stronger

Bottom of TMA is your take profit area.