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Extreme TMA System

  • #7,461
  • Mar 28, 2012 2:58am Mar 28, 2012 2:58am
Quoting grechmar
Any idea why eu and gu moving in opposite direction(15TF) ?
Gu will have high impact news soon
GBP Current Account
  • #7,462
  • Mar 28, 2012 3:42am Mar 28, 2012 3:42am
i surcharge my short gun.... wuahahaha

http://i41.tinypic.com/66w6jk.jpg

eurusd 15 min pic
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #7,463
  • Mar 28, 2012 3:44am Mar 28, 2012 3:44am
Quoting jfcamp
do you put all TF channel on the same chart? I see a huge congestion over the H4 top band but no confirmation of a drop, M1 still ranging with no break down. Too early for a short!
I have a couple of charts with 4 TMAs plotted. If I am just curious about another pair, I take a chart with a single TMA and set the timeframe to H4. Then using the trendline tool, I draw the bands for about 10-15 bars,then switch to H1 and draw the bands in another color. Then switch to M15, draw bands, then M5, draw bands. Then switch to M1 and look at the results. I often zoom out, and sometimes turn off the display of the price bars.

As I said, I like to see more confirmation at least to M5 that there is a turn.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #7,464
  • Mar 28, 2012 3:45am Mar 28, 2012 3:45am
Quoting bman204
I've been watching the H4 bands the last couple weeks, I'm just curious are you still holding your short targeting the bottom band? The h4 band worked a little too good in backtesting and then I realized its because it repaints quite heavily and the backtest just follows past repainted data. I'm just wondering if the h4 bands are as accurate as I think they are in real time.
You can solve some of the repaint issue by also using an MA. This will give you spots to enter and exit while using TMA.
  • #7,465
  • Mar 28, 2012 4:03am Mar 28, 2012 4:03am
Quoting nanningbob
You can solve some of the repaint issue by also using an MA. This will give you spots to enter and exit while using TMA.
Thanks Al and nanningbob, ill try the MA and keep testing the h4 bands.
  • #7,466
  • Mar 28, 2012 4:10am Mar 28, 2012 4:10am
I marked with a white arrow where we are right now on the H4 chart. After that, I have inserted candles of roughly what I expect to happen during the next 5 days. This is what my Breathing System is predicting. WeŽll see how it goes.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 122 KB
Observation is the path to discovery.
  • #7,467
  • Mar 28, 2012 4:17am Mar 28, 2012 4:17am
Hi Al or any of the coders out there, the HalfLength setting of 56 in the TMA represents looking back at the last 56 closed bars, am I correct in this assumption? If that's the case, when you put a H1 & H4 TMA on a M15 chart don't you have to multiply this variable by 4 & 16 respectively to get the equalvent time period covered in H1 & H4 charts?
  • #7,468
  • Mar 28, 2012 4:21am Mar 28, 2012 4:21am
Quoting fxtrader2k7
Hi Al or any of the coders out there, the HalfLength setting of 56 in the TMA represents looking back at the last 56 closed bars, am I correct in this assumption? If that's the case, when you put a H1 & H4 TMA on a M15 chart don't you have to multiply this variable by 4 & 16 respectively to get the equalvent number of bars in H1 & H4 charts?
No. Just change the Time Frame input to the number of minutes: H1=60, H4=240, D1=1440.
Observation is the path to discovery.
  • #7,469
  • Mar 28, 2012 4:22am Mar 28, 2012 4:22am
Quoting fxtrader2k7
Hi Al or any of the coders out there, the HalfLength setting of 56 in the TMA represents looking back at the last 56 closed bars, am I correct in this assumption? If that's the case, when you put a H1 & H4 TMA on a M15 chart don't you have to multiply this variable by 4 & 16 respectively to get the equalvent number of bars in H1 & H4 charts?

No, you only need to put the TF you want in the first parameter
  • #7,470
  • Mar 28, 2012 4:29am Mar 28, 2012 4:29am
Quoting Alorente
No. Just change the Time Frame input to the number of minutes: H1=60, H4=240, D1=1440.
Thanks Al. That's what I have done. Just wondering if that variable had any bearing on the shape of the lines.
  • #7,471
  • Mar 28, 2012 4:44am Mar 28, 2012 4:44am
This looks a promising setup on my demo account ?
Thanks Al for this great visual approach.
Attached Image
  • #7,472
  • Mar 28, 2012 4:46am Mar 28, 2012 4:46am
Quoting eltax100
This looks a promising setup on my demo account ?
Thanks Al for this great visual approach.
You are welcome. Good luck.
Observation is the path to discovery.
  • #7,473
  • Mar 28, 2012 6:01am Mar 28, 2012 6:01am
Quoting Alorente
I marked with a white arrow where we are right now on the H4 chart. After that, I have inserted candles of roughly what I expect to happen during the next 5 days. This is what my Breathing System is predicting. WeŽll see how it goes.
Looks highly interesting, would love to see it come true!
  • #7,474
  • Mar 28, 2012 6:04am Mar 28, 2012 6:04am
Hey Al,

I am looking for the tool that you use for clicking on the SL/TP level and manually moving it on the chart.

I am having a good trading day so far. 3 profitable trades in a row band to band. I'm looking forward to having trades that go wrong as silly as that sounds so I can get my understanding of the system ingrained in my mind.

Thanks and keep up the great work on your forum. I love it!

John
The consistency you seek is in your mind, not the markets. Mark Douglas
  • #7,475
  • Mar 28, 2012 6:12am Mar 28, 2012 6:12am
Al what do you think about eur/aud ? Is still on "only buy" but when it switch's to ranging it could be a good opportunity to short.
  • #7,476
  • Mar 28, 2012 6:15am Mar 28, 2012 6:15am
Quoting OzFXtrader82
Hey Al,

I am looking for the tool that you use for clicking on the SL/TP level and manually moving it on the chart.

I am having a good trading day so far. 3 profitable trades in a row band to band. I'm looking forward to having trades that go wrong as silly as that sounds so I can get my understanding of the system ingrained in my mind.

Thanks and keep up the great work on your forum. I love it!

John
There u go John.
Attached File(s)
File Type: mq4 luktom visual order editor.mq4   14 KB | 588 downloads
  • #7,477
  • Mar 28, 2012 6:17am Mar 28, 2012 6:17am
Quoting Alorente
Yes. I am still holding EU and GU, targeting at least the bottom H4 band.
Hi AL, many thanks for your system. I just follow it for only tree days and gained already about 70 pips on demo.
Watching EU/USD you are saying there is strong set up for short but what about a trampline line that was broken and used as a support? Is it some indication for futher movement up?
  • #7,478
  • Mar 28, 2012 6:19am Mar 28, 2012 6:19am
Quoting Milanista
There u go John.
The EA installation & settings guide..
Attached File(s)
File Type: doc Luktom Visual Order Editor.doc   60 KB | 701 downloads
  • #7,479
  • Mar 28, 2012 6:20am Mar 28, 2012 6:20am
Thanks Milanista
The consistency you seek is in your mind, not the markets. Mark Douglas
  • #7,480
  • Mar 28, 2012 6:39am Mar 28, 2012 6:39am
Quoting OzFXtrader82
Thanks Milanista
You are welcome. Pls share your experience with the EA in due course. Have been looking for a good EA recommendation to manage my trades. Hoping to manage my trades in two parts. Enter manually with 30 - 50 pips SL; Exit 65% of position on mid-line of 1 hr channel & set SL to BE & exit remainig 35% about 5 pips from the opposite side of the 1 hr channel.
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