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scalping template tma

  • #41
  • Jul 7, 2017 4:19am Jul 7, 2017 4:19am
Quoting Mr.To
djms , good thread bro if we use m5 , and m15 time frime , how much possibilty average tp we should take? Thx bro
thanks

you exit when the price hits/closes on opposite band, same exit applies to all timeframes, tp is what the market gives you at the time.
  • #43
  • Jul 7, 2017 6:55am Jul 7, 2017 6:55am
Hey djms,
Thanks for sharing. Hope you don't mind the post of a slightly modified chart. Just a personal preference to see divergence at OS/OB.

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  • #44
  • Jul 7, 2017 7:00am Jul 7, 2017 7:00am
Quoting djms
example here when we have all valid signals, the bands did not repaint , each pop outside the upper band resulted in winning trades. at this point we got high impact news in 10 mins so time to make a coffee and talk to cat {image}
Djms,

Is 10 minutes before high impact news your cut off time?Do you stop trading for medium impact news? How long after the news event do you start trading?

Thanks

PS: Does getting a cat help?
  • #45
  • Jul 7, 2017 7:29am Jul 7, 2017 7:29am
DIMS, thanks for sharing. Would you have source code for TMA+CG mladen??
  • #46
  • Jul 7, 2017 7:51am Jul 7, 2017 7:51am
Quoting Ryder
DIMS, thanks for sharing. Would you have source code for TMA+CG mladen??
Attached File(s)
File Type: mq4 TMA+CG mladen.mq4   9 KB | 1,397 downloads
  • #47
  • Jul 7, 2017 8:38am Jul 7, 2017 8:38am
the problem is that there is never a red cross with macd green and vive verca
  • #48
  • Jul 7, 2017 9:14am Jul 7, 2017 9:14am
Quoting aaven
{quote} Djms, Is 10 minutes before high impact news your cut off time?Do you stop trading for medium impact news? How long after the news event do you start trading? Thanks PS: Does getting a cat help?
u can trade the news if you want generally the news just pushes the trend faster, trade at your own risk and remember to increase your stops for news cause u get whipsaws

cat optional
  • #49
  • Jul 7, 2017 9:16am Jul 7, 2017 9:16am
Quoting thirdpillar
Hey djms, Thanks for sharing. Hope you don't mind the post of a slightly modified chart. Just a personal preference to see divergence at OS/OB. {image}
this is an example of where i might be tempted to hold this trade cause if you check the 1hr chart its a signal to go short there on a down trending market
  • #50
  • Jul 7, 2017 9:19am Jul 7, 2017 9:19am
Quoting Fernand
the problem is that there is never a red cross with macd green and vive verca
this is true so i just wait in these moments, chances are the market is ranging a bit so time to make coffee or check out other assets for set ups. if you trade an asset with higher volatility like euraud or gbpaud remember to increase your stop size
  • #51
  • Jul 7, 2017 9:29am Jul 7, 2017 9:29am
Quoting djms
{quote} this is an example of where i might be tempted to hold this trade cause if you check the 1hr chart its a signal to go short there on a down trending market
thanks for the tip. yeah, i saw that. heavy news made me want to just get out quick. although, in hindsight, would have been the right move.

got in a little late but worked out

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  • #52
  • Jul 7, 2017 9:51am Jul 7, 2017 9:51am
Quoting djms
valid trade set up here so just hit it then when price reaches the upper band close the position , in this case you might have broken even, close trade anyways and look for next set up {image}
++++++++++++++++++++++++++++++

First Question; Are you a DJ???

Next; On chart below from pg 2, #32, You call this a valid trade.
Based on what you have written, previous to this, and my interpretation, I would have not taken this trade for the following two reasons:
• X's form below TMA.
&
• MacD turns red during set up.

I do really like the fact that this trade plan is much more 'Objective', then 'Subjective', which helps keep my personal moron in check.

Would you state your opinion on why you liked this set up please?

Thanks,
Darryl
Attached Image (click to enlarge)
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  • #53
  • Jul 7, 2017 10:15am Jul 7, 2017 10:15am
DJMS, please address your experience regarding the repaint properties of "TMA+CG mladen" One does not know that the bands are going to repaint until it is too late. As far as visual back test goes, you cannot have a lot of confidence in the visual because many loosing signals have repainted and you do not see them on the chart. Not trying to go negative here -- your strategy is interesting. Just need to get comfortable with this issue. A few years ago, I spent a lot of effort with TMA (back in tha Allorente days) and gave up on it, maybe because of my lack of experience at the time, and maybe not. Or thoughts please.
  • #54
  • Jul 7, 2017 10:16am Jul 7, 2017 10:16am
What about using TMA True?
  • #55
  • Jul 7, 2017 10:28am Jul 7, 2017 10:28am
Quoting diamonddbw
{quote} ++++++++++++++++++++++++++++++ First Question; Are you a DJ??? Next; On chart below from pg 2, #32, You call this a valid trade. Based on what you have written, previous to this, and my interpretation, I would have not taken this trade for the following two reasons: X's form below TMA. & MacD turns red during set up. I do really like the fact that this trade plan is much more 'Objective', then 'Subjective', which helps keep my personal moron in check. Would you state your opinion on why you liked this set up please? Thanks, Darryl {image}...
i uses to dj yeh now i just make music

i saw that as valid cause price was above ma and macd was still green.
  • #56
  • Jul 7, 2017 10:30am Jul 7, 2017 10:30am
Quoting Ryder
DJMS, please address your experience regarding the repaint properties of "TMA+CG mladen" One does not know that the bands are going to repaint until it is too late. As far as visual back test goes, you cannot have a lot of confidence in the visual because many loosing signals have repainted and you do not see them on the chart. Not trying to go negative here -- your strategy is interesting. Just need to get comfortable with this issue. A few years ago, I spent a lot of effort with TMA (back in tha Allorente days) and gave up on it, maybe because...
hmm i dunno buddy - just take the first signal that comes and and forget about any repainting later, you can use bollinger bands if you want - it doesnt repaint
  • #57
  • Jul 7, 2017 10:31am Jul 7, 2017 10:31am
if you guys could post some loosing trades as well we could look further into them
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  • #58
  • Jul 7, 2017 10:34am Jul 7, 2017 10:34am
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  • #59
  • Jul 7, 2017 10:39am Jul 7, 2017 10:39am
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  • #60
  • Jul 7, 2017 11:15am Jul 7, 2017 11:15am
Nice charts DJMS. Keep it up.

I notice that a lot of forex traders don't like or do not have the time the watch the charts because they have to work or because it is hard waiting and waiting for a trade !!1!
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