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Extreme TMA System

  • #9,321
  • Apr 18, 2012 6:24am Apr 18, 2012 6:24am
Hi, I am new with this system, just started reading the thread. So what is the difference between High And Low ATR templates? And what is big and small differences in the template? Is the 5x5 files and Cave Manager for the EA purposes only?
  • #9,322
  • Apr 18, 2012 6:51am Apr 18, 2012 6:51am
Quoting slowpokeyjoe
I have taken the Table of Contents and merged them with the .pdf document developed by flaw & outlined by Riddermark (as discussed in the quote). I love having the Table of Contents and in the .pdf each "chapter" should link to the coinciding posts, and the hyperlinks to the coinciding page of FF.

I had to recreate the doc in Word first and then save as a .pdf - my apologies if I have inadvertently left something out.

Do you guys like it, hate it, want me to do the same with the other volumes? I would love to put together a .pdf for specific...
I just woke up and saw your work. Really helpful. Thanks Gina.
  • #9,323
  • Apr 18, 2012 7:13am Apr 18, 2012 7:13am
Quoting fmuir
Hello Gina,

I like the new look. If you could add 'Return to top' links after each post and block the titles of each post so that the second line (if there is one) lines up under the first, I think that would add to the effect?...

Good luck with your endeavors.

Regards,
-Frank
Great idea Frank - I will work on this today during my day job.
  • #9,324
  • Apr 18, 2012 7:29am Apr 18, 2012 7:29am
Quoting grechmar
Al, just a quick question, when an RSI trendline you drew gets broken do you think it is worth to keep it there in the chance of being tested later on? Or do you think its too weak once it was broken once?

Also, we re some 20 pips away from neckline but not so sure it will break it..any thoughts?
I´m still holding my shorts. I continue to see a potential breakout on UsdIndex. If that changes, I will close the shorts, but there is no sign of Usd weakening yet.

As far as the trendline, I remove it when crossed but you may want to keep it till a test of the backside.
Observation is the path to discovery.
  • #9,325
  • Apr 18, 2012 7:34am Apr 18, 2012 7:34am
Here is the Daily UsdIndex chart. The 2 blue trendlines will tell the story. Long breakout or breakdown? We´ll see in a few days at most.
Attached Image (click to enlarge)
Click to Enlarge Name: usdindex.jpg Size: 216 KB
Observation is the path to discovery.
  • #9,326
  • Apr 18, 2012 7:37am Apr 18, 2012 7:37am
Hi, I am new to this system, Could someone point me out which template I have to use? THe high or low ATR and big or small ATR? and is the 5x5 and CaveManager meant for the EA purpose only?
  • #9,327
  • Apr 18, 2012 7:43am Apr 18, 2012 7:43am
By the way, UsdIndex is drawing a classic Cup with Handle formation. A breakout above the horizontal line has a minimum projected target of 89.80 which would be a whopper of a move. That would fit right in with the breakdown of the Euro that we have been talking about.
Attached Image (click to enlarge)
Click to Enlarge Name: UsdIndex.jpg Size: 219 KB
Observation is the path to discovery.
  • #9,328
  • Apr 18, 2012 7:47am Apr 18, 2012 7:47am
Quoting slowpokeyjoe
I have taken the Table of Contents and merged them with the .pdf document developed by flaw & outlined by Riddermark (as discussed in the quote). I love having the Table of Contents and in the .pdf each "chapter" should link to the coinciding posts, and the hyperlinks to the coinciding page of FF.

I had to recreate the doc in Word first and then save as a .pdf - my apologies if I have inadvertently left something out.

Do you guys like it, hate it, want me to do the same with the other volumes? I would love to put together a .pdf for specific...
If I Change, the whole World changes!
  • #9,329
  • Apr 18, 2012 8:07am Apr 18, 2012 8:07am
Immvp - i am afraid you will just have to buckle down and read the thread.

Al has now settled on a "universal" template for both high and low ADR.

The small is provided for when you wish to have 4 charts on your screen together, the large for when you want one.

Cave Manager is an EA to manage your trades, should you wish to use it. For instructions, read the ones that come with it. Luktom is an alternative, somewhat less complex.

The 5 x 5 EAs are for entering trades, but again, entirely voluntary. I believe they are intended for 15min charts only, and enter somewhat late.

I suggest you read the first chunk of the thread first, then the later pages... fill in as you have time.

Also the pdfs summaries provided may help you get up to speed.

Lastly, apologies if anything I have said here is incorrect!
  • #9,330
  • Apr 18, 2012 8:15am Apr 18, 2012 8:15am
Quoting Jikkie
Immvp - i am afraid you will just have to buckle down and read the thread.

Al has now settled on a "universal" template for both high and low ADR.

The small is provided for when you wish to have 4 charts on your screen together, the large for when you want one.

Cave Manager is an EA to manage your trades, should you wish to use it. For instructions, read the ones that come with it. Luktom is an alternative, somewhat less complex.

The 5 x 5 EAs are for entering trades, but again, entirely voluntary. I believe they are intended for...
THx for the answer, so do i need to use the low or high ATR? What is the difference between the low and high? Sorry for asking, I have re-read the first page and pdf but dont seem to get it.
  • #9,331
  • Apr 18, 2012 8:36am Apr 18, 2012 8:36am
I'm sorry, you will just have to read back... not too far. Al is now using a SINGLE template for both.
  • #9,332
  • Apr 18, 2012 8:42am Apr 18, 2012 8:42am
Quoting Immvp
THx for the answer, so do i need to use the low or high ATR? What is the difference between the low and high? Sorry for asking, I have re-read the first page and pdf but dont seem to get it.
Start off with this new template which contains Trix, Slope indi and RSI. Make sure all the indis are placed in the Experts/Indicator folder of your MT4 Broker Platform. Including the new one below.
Attached File(s)
File Type: tpl lorente large chart.tpl   43 KB | 799 downloads
File Type: mq4 60_and_200_bars_back.mq4   1 KB | 720 downloads
Observation is the path to discovery.
  • #9,333
  • Apr 18, 2012 8:47am Apr 18, 2012 8:47am
Quoting Alorente
Great work, Gina. I´m putting you in the Hall of Fame. This is hard work. You deserve it. Thanks.
Al that is a very nice gesture. Thank you! I am honored

Gina
  • #9,334
  • Edited 8:53am Apr 18, 2012 8:49am | Edited 8:53am
Quoting slowpokeyjoe
I have taken the Table of Contents and merged them with the .pdf document developed by flaw & outlined by Riddermark (as discussed in the quote). I love having the Table of Contents and in the .pdf each "chapter" should link to the coinciding posts, and the hyperlinks to the coinciding page of FF.

I had to recreate the doc in Word first and then save as a .pdf - my apologies if I have inadvertently left something out.

Do you guys like it, hate it, want me to do the same with the other volumes? I would love to put together a .pdf for specific...
Hi Gina,

Looks very good and helpful for quick navigation to the chosen posts.

You can also have my Word document "Extreme TMA Als Notes" as well, currently at 76 pages, so you can further format it if you want.

However, in addition to what you add, I would keep all the formatting of this document intact (example - posters picture, dates of each post etc.) as well as all other info/formatting. See attached pic.

One example of keeping the actual posters picture ( ie - Al's pic etc.) will give the readers of these documents a more connected feel of having the poster actually talk to them and hence more motivation to continue in their footsteps, but also keep the rest of the formatting intact, as mentioned for the benefit of the user, in addition to your contributions.

Let me know when you want/are ready for the document.

Best regards.
Attached Image (click to enlarge)
Click to Enlarge Name: Extreme TMA Format 2.jpg Size: 80 KB
  • #9,335
  • Apr 18, 2012 8:53am Apr 18, 2012 8:53am
@ Al and Contributing Associates

I have been following this thread since its birth and I must say that it is very interesting to say the least. I have a few theories about the market which I have grouped together and have labeled "tick'isms". Which ultimately means as a trader, I am just a tick riding an elephant's back. I make decisions based on his habits but still, I cant control him! The elephant is going to do what he does.

Having explained that, then you will understand that as a tick I can only absorb so much at a time. As of now, I am only trading the 1 min TF. Yes. I am a bit crazy. But I do not scalp the 1 min, I stay in for the whole swing.

I have said all of that to say this: thanks for helping me finally understand the TMA. Because of better knowledge, I was able to transition to the 1 min TF from the 5 min TF with ease. I have been trying to understand the TMA since I read the Kevinator thread and have finally grasped the concepts. Since adding it to my current strategy, I feel more confident in my trading decisions as my new understanding of the TMA leaves less room for error. AND it has eliminated my need for bottom indicators since the tma slope is a reflection of the tma lines.

I have attached 2 screenshots for you to examine (as I am sure you are surprised at someone using the TMA on the 1 min TF)

Attached Image (click to enlarge)
Click to Enlarge Name: epiphany.jpg Size: 154 KB

Attached Image (click to enlarge)
Click to Enlarge Name: epiphany2.jpg Size: 131 KB


Thanks for your insight! Merry Trading everyone!

P.S.: I am not at liberty to discuss my strategy or my trades and it would not be appropriate in this thread. But I am open to continuing the discussion as-is already in this growing thread.
  • #9,336
  • Apr 18, 2012 8:58am Apr 18, 2012 8:58am
I´ve changed the packet.zip file to now include the new Lorente Large Chart template which includes the 200 and 60 Bars Indicator. The new template has three indicators on the bottom. Trix, RSI and TMA Slope.
Observation is the path to discovery.
  • #9,337
  • Apr 18, 2012 9:26am Apr 18, 2012 9:26am
Quoting Alorente
I´ve changed the packet.zip file to now include the new Lorente Large Chart template which includes the 200 and 60 Bars Indicator. The new template has three indicators on the bottom. Trix, RSI and TMA Slope.
Thanks Al, all your work is very much appreciated.

Best regards.
  • #9,338
  • Apr 18, 2012 11:06am Apr 18, 2012 11:06am
Gina, You have a mail.
Wishing my last name were LESS
  • #9,339
  • Apr 18, 2012 11:33am Apr 18, 2012 11:33am
Quoting Alorente
I´ve changed the packet.zip file to now include the new Lorente Large Chart template which includes the 200 and 60 Bars Indicator. The new template has three indicators on the bottom. Trix, RSI and TMA Slope.
Thanks Al

As this thread is rather dynamic I saved the diverse packet files with an additional version numbering.

I wonder if there will be also a new edition (version 3) of Extreme TMA System English.pdf .

 Thanks again

Forex37
  • #9,340
  • Apr 18, 2012 11:38am Apr 18, 2012 11:38am
You might recall that I had made an experimental counter-trend buy back on April 6 while I had in-the-money short positions. I have closed the short positons at appropriate levels, but left the buy running. Yes, it had some big drawdown, but the pips that I banked from the short trades covered the drawdown.

Finally, I closed the buy with a loss of 44 pips. Price is hitting the H4 top band and it looks like H1 might be turning down soon, so I am satisified with this relatively small loss on an experiment. I don't expect to see it go any higher than 131 anyway. I finished now with 339 net pips.

I would like to trade this pair some more, but I am too limited on time at the moment to continue with it.

DrDave
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