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Extreme TMA System

Quoting Alorente
Good job, Bob !! Iīm still in it. Probably holding for another 150 pips.
I will reenter Monday if it keeps going south. I need my new weekly pivot lines. When it hit the midpoint S1 line I figured it wouldnt go any further on Friday. I will play it again off of a S line when it breaks, then stay in based on the strength meter. That will be the key for me, I want a live traded using the strength meter and see how it works live. Been too much ranging for me to fully test the idea.
Good evening to all boys
Trading cross Eurusd for example....

I want this Ea: each appear immediately cross the timeframe where the spark plug first touches one of the following SMA 50-100-200

many thanks
I've been trading the TMA Exteme System on demo for a few days and I like what I see so far. I may have made a few newb mistakes with the system but hopefully I will straighten them out.

Have you guys noticed that when price is at the bottom band and the midline changes from white to a color that there's usually a very good trade that lasts until the mid line changes back to white.

You can enter at anytime the price is at the far band if the midline is colored and pointed in the trade direction. (it never hits the last swing high as a stop loss before the mid line changes color for a take profit) An example would be if the price is at the top band and the midline band is colored and pointed down for a short entry.

I haven't read the whole thread so forgive me if you've talked about it already. I searched the thread and didn't see any posts about this.
Quoting tradertrish
Hello Mr. Al
I just want to thank you for all your effort and patience in sharing your years of experience. I have been trading live for 4 years but since you started this thread this is the first time I have the confidence that is required to trade. I have observed and tried different methods shown on FF but felt compelled to join and thank you.
I am up 30% in my live account in 1 month following the system.
As a mother of a disabled girl, I travel 3 hours round trip to hospital everyday, go to work everyday and then find some time to trade...
Great Job!
If I Change, the whole World changes!
Quoting cugir321
Have you guys noticed that when price is at the bottom band and the midline changes from white to a color that there's usually a very good trade that lasts until the mid line changes back to white.

You can enter at anytime the price is at the far band if the midline is colored and pointed in the trade direction. (it never hits the last swing high as a stop loss before the mid line changes color for a take profit) An example would be if the price is at the top band and the midline band is colored and pointed down for a short entry.

I haven't...
The current version doesn't have the middle line.
I think have a few confusion here.
When Open L4 then L3 is -100p
But when market fall 75p why L3 is +50p ?
That would L3 is -25p instead of above
Attached Images (click to enlarge)
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Share and Receive
Hello,

I am writing this as an observation. I do not want drama or controversy. If I did not enjoy this community so much, I would not bother to bring up these points.

In my opinion, this thread has changed.

We started out with a few rules for a system that had been over 90% profitable for the past year. Have we really improved on that? Is anyone here successful in over 90% of their trades now? If not, what are we doing?

Look at the changes.

We had a defined approach to day trading with 4 simple rules. Now we have a 10 point checklist for a single entry with a monolith of technical analysis. We had a concrete set of indicators. Now we do not have any of our original indicators except HA candles and TMA bands. Instead we have a constantly shifting set of indicators. As far as our most current lineup, a screen dotted with Coral, 200 MA and RSI, I cannot find one single rule on the first page to apply any of them to a specific day trade. We spend our time hypothesizing about what will happen to the Euro in 6 months while missing what is happening today. Now suddenly the H1 timeframe, which in the beginning was an afterthought, is the time frame of choice. I just do not understand the point of these changes.

I ask again, is anyone now successful in over 90% of their trades as originally discussed?

Now, before I get an avalanche of negative responses, let me say a couple of things:

1) I know I can still trade the 15 minute timeframe and the old rules if that is what I am comfortable with. I just miss everyone being on the same page with the same rules and the same focus. In my opinion, it made for a better community.

2) This in no way is meant to be a negative reflection on Alfredo. I have learned more on this thread than from any other single source regarding currency trading. I consider him a friend.

As I said, these are just my observations. Maybe I am the only one.

Sincerely,

William
may you find what you seek and trade what you find
Quoting faxxion
Hello,

I am writing this as an observation. I do not want drama or controversy. If I did not enjoy this community so much, I would not bother to bring up these points.

In my opinion, this thread has changed.

We started out with 4 simple rules for a system that had been over 90% profitable for the past year. Have we really improved on that? Is anyone here successful in over 90% of their trades now? If not, what are we doing?

Look at the changes.

We had a defined approach to day trading. Now we have a 10 point checklist for a single entry. We had 4 simple rules. Now we have a monolith of abstract technical analysis. We had a concrete set of indicators. Now we do not have any of our original indicators except HA candles and TMA bands. Instead we have a screen full of Coral, 200 MA and RSI, none of which I can find one single rule on the first page to apply to a day trade. We spend our time hypostasizing about what will happen to the Euro in 6 months while missing what is happening today. Now suddenly the H1 timeframe, which in the beginning was an afterthought, is the time frame of choice. I just do not understand the point of these changes.

I ask again, is anyone now trading better than 90%?

Now, before I get an avalanche of negative responses, let me say a couple of things:

1) I know I can still trade the 15 minute timeframe and the old rules if that is what I am comfortable with. I just miss everyone being on the same page with the same rules and the same focus. In my opinion, it made for a better community.

2) This in no way is meant to be a negative reflection on Alfredo. I have learned more on this thread than from any other single source regarding currency trading. I consider him a friend.

As I said, these are just my observations. Maybe I am the only one.

Sincerely,

William
agree
Genesis ~ You are new to Trading PLEASE read Rule 4 ~
Quoting faxxion
Hello,

I am writing this as an observation. I do not want drama or controversy. If I did not enjoy this community so much, I would not bother to bring up these points.

In my opinion, this thread has changed.

[color=black][font=Verdana]We started out with a few rules for a system that had been over 90% profitable for the past year. Have we really improved on that? Is anyone here successful in over 90% of their...
...you are not the only one and I agree with you
An idea is a new combination of old elements.
Quoting anton.ng
Hi Al et al,

Firstly I would like to thank you and everyone for their contributions which have helped me become a better trader, I have been lurking for a long time thought I should make my first post.

Al, food for thought, I was looking at your breathing system and thought it matches exactly with the Elliot Wave pattern. It looks like we have just completed a correction A,B and C and now on to the 3 wave which happens to coincide with your 2 breath see chart below. If this is correct the 3rd wave is the longest and most profitable wave not to...
Many roads lead to Rome. Elliot Wave analysis is valid but I find it a bit inconsistent. The interesting thing is that when I began creating my breathing system, I had never looked at Elliot Wave. There are many traders that live and die by it. I guess I would be one of them if I hadnīt evolved my system.
Observation is the path to discovery.
Quoting tradertrish
Hello Mr. Al
I just want to thank you for all your effort and patience in sharing your years of experience. I have been trading live for 4 years but since you started this thread this is the first time I have the confidence that is required to trade. I have observed and tried different methods shown on FF but felt compelled to join and thank you.
I am up 30% in my live account in 1 month following the system.
As a mother of a disabled girl, I travel 3 hours round trip to hospital everyday, go to work everyday and then find some time to trade...
Thank you, Patricia. It is very rewarding for me to know that I am helping you in some way to become a better trader and to achieve a better life.
Observation is the path to discovery.
Quoting ludivik
Hi Al, very big THANK YOU for all info that you share with us.
I have drawn a RSI trendline on M15 and it seems that RSI will try it soon and fast trix is red so should bounce off for next drop.

Also I looked at D1 and applied your 200th candle method and Monday's candle should be approximately between 1.3106 and 1.3024. My broker reported that there is option expires on Monday at 1.3100.
Did I understand you correctly about your methods and what are your thoughts?
Kind regards
I agree. If you look at all the time frames, all of them are in synch and they all point south.
Observation is the path to discovery.
Quoting jayjonbeach
I definitely don't want to answer for AL here I just noticed that you have put your "i" and "ii" in the wrong place if counting EW.

I'm not sure Al has shared everything that constitutes his 1-2-3 breathing system, and I wonder if there is more than one way he looks for this from what I have seen, but from these posts here (click on arrow in quote to go there) it looks like Elliot Wave is not going to line up directly with his system.





I know it's hard to look at a chart and "not" count Ewaves once you have learned to (at least for...
I agree. I donīt look at Elliot Wave because it gets in the way of my breathing systemīs predictions which over time has been very accurate for me.
Observation is the path to discovery.
Quoting cugir321
Have you guys noticed that when price is at the bottom band and the midline changes from white to a color that there's usually a very good trade that lasts until the mid line changes back to white.

You can enter at anytime the price is at the far band if the midline is colored and pointed in the trade direction. (it never hits the last swing high as a stop loss before the mid line changes color for a take profit) An example would be if the price is at the top band and the midline band is colored and pointed down for a short entry.

I haven't...
The center line replicates what you see in the Slope indicator. That is why I removed it from the templates in order to reduce clutter.
Observation is the path to discovery.
Quoting faxxion
Hello,

I am writing this as an observation. I do not want drama or controversy. If I did not enjoy this community so much, I would not bother to bring up these points.

In my opinion, this thread has changed.

[color=black][font=Verdana]We started out with a few rules for a system that had been over 90% profitable for the past year. Have we really improved on that? Is anyone here successful in over 90% of their trades...
I disagree with you 100%. The evolution of this system with the addition of new ideas and the substitution of indicators for better new ones has made the system a lot better, more solid and more accurate. This is exactly why I started this thread. To make it a laboratory of ideas that would improve the original concepts. I believe the work and contributions of all of you has accomplished exactly that. I canīt speak for the rest of members, but I have clearly improved my results. I am in a streak right now of 28 wins in a row. This in H1 charts !!. I used to be in the 90% win rate area with M15 charts with smaller number of pips per trade. Now I am waiting in anticipation of having ONE losing trade.

With regards to focusing too much on what will happen in the future, this is essential in order to understand what is happening today. After all, you can climb a staircase focused on your present step, but you will climb that step more decisively and with more confidence if you have a clear understanding of where the stairs are leading.

Keep up the great work guys. You are making the Extreme TMA system the best in the world.
Observation is the path to discovery.
Dear Al,
This is my first post but won't be my last!I follow this thread since it has started.
Greetings from Belgium and thank you so much for creating this thread,my story is the same as for the most here in this thread,looking at different threads searching for the easiest system out there ,so we don't have to think to much,but that's not how the market and the world works,so i'm glad that you have openend this thread and at least have opened my eyes,Sir, don't stop teaching us!!

This is priceless what you are doing,btw i'm up 40% on a small live account,since beginning april.And not all the trades were winners.

People need to understand that NO system will work all the time,but with your guidance in ranging and trending markets,well I guess that they and I won't find a better edge than what you are showing here.

So,thank you,thank you ,muchos gracias!!!!
Quoting 15pips
...you are not the only one and I agree with you
Faxxion, as you can see you have several members that agree with you. I suggest that you start a thread that moves in the direction you mentioned. This thread will continue to expand on ideas and concepts as it has been doing up to now.

By having parallel threads that focus on similar systems, we are helping more members achieve success. Favorite has done that with good results. Good luck !!
Observation is the path to discovery.
Quoting faxxion
Hello,

I am writing this as an observation. I do not want drama or controversy. If I did not enjoy this community so much, I would not bother to bring up these points.

In my opinion, this thread has changed.

[color=black][font=Verdana]We started out with a few rules for a system that had been over 90% profitable for the past year. Have we really improved on that? Is anyone here successful in over 90% of their trades...
Hi William,

I agree with your observations for the most part. However, let us not lose sight of some important points from page 1.

"I am starting today what I hope will become a thriving laboratory of ideas..." This thread is a laboratory, not a production line.

"Up front I will say that this is not a fully tested system. Thatīs what we will be doing in the coming weeks and months." Right here it is clear that this laboratory system will most likely be changed as time progresses.

"As we move forward, Iīm sure we will improve it and make it ever more reliable." Al from the start is expecting changes will be made that will improve the system.


"April 13, 2012 Change:

After thoroughly testing the Extreme TMA system, I have made my final choice on the configuration I will be using from now on." Although this sounds final, I'm sure that if there are other ideas introduced in the future that will improve the system, Al will incorporate them.

I certainly agree that a number of indicators and elements are spoken of in the thread that are not specifically detailed in the method. That can certainly be confusing for nooBs, and a bit disconcerting for others that are attempting to use only the material presented on page1. It becomes a tough call for the moderator to decide if the thread content should be kept focused mainly on the page 1 material, or if the other content be allowed; those are the trade-offs to weigh when in the laboratory.

For example, there has been quite a bit of dicsussion about the coral and 200 MA. Because they are not part of page 1, they must be part of the lab investigation. So, have they been investigated sufficiently to determine if they have enough value to contribute to the system success and be part of the page 1 system, are definitely not of value and should not be included, or not enough information has been evaluated to make the decision? If it is determined that they are not of value to the system, then I'd say it is time to drop them from the thread discussions.

DrDave
Quoting saussiche
The current version doesn't have the middle line.
But there is the TMA Slope indicator that gives essentially the same color changes.

DrDave
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