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scalping template tma

  • #61
  • Jul 7, 2017 1:52pm Jul 7, 2017 1:52pm
Quoting djms
{quote} as i trade only jpy then best session for me is asian, 1-2 hrs after it opens sees nice volume. any other normal trading day as well - just try to avoid choppy markets and keep switching to higher time frames, if the price is hanging out of bands on higher time frame be careful trading continuation as price likes to find its way back to middle of bands. not every trade will be a winner as the trend changes obviously so the best trades are the first signals you get when the price crosses if that makes sense below screenshot aud/jpy do not...
Yes and it looks like the red crosses are below the last pullback. Would you take those pullbacks? I mean do you take a pullback if it's below the last pullback in an uptrend?
  • #62
  • Jul 7, 2017 1:54pm Jul 7, 2017 1:54pm
Quoting Dezil
Red and white crosses are repained with the main TMA band. They just disappear when band changes, so do not look at this beautiful charts backwards. Do you average your position or use hard SL for every single cross (trade)? And what is SL 10-15 SL for you? I have 6-12 spread on my ECN for USD/JPY. Maybe you mean 100-150 SL for 5 digits brokers?
If the crosses repaint than maybe we should only consider taking trades that touch Sr or pivots.
  • #63
  • Jul 7, 2017 1:55pm Jul 7, 2017 1:55pm
hi,djms .
Can you tell me the specific usage of this indicator and how many cycles it uses?. I usually do my hour line, four hours daily, the long-term trend, the index of MACD can be determined by departure from top to bottom, and then waiting for a break up (down), and then traded. MACD determine the trend, the disk resistance line to determine a single point, so understand, right, please point out. Thank you
  • #64
  • Jul 7, 2017 2:36pm Jul 7, 2017 2:36pm
Thank you dj for sharing.....
Extreme gut feeling trader
  • #65
  • Jul 7, 2017 2:48pm Jul 7, 2017 2:48pm
Dj again tnx fit the template so far it's the best scalping template that I came across.
I have another question. Do you take every cross as a trade. Meaning do you enter a new trade for each cross that appear o e after the other?
If you do, what position size do you use.
Tnx
  • #66
  • Jul 7, 2017 3:00pm Jul 7, 2017 3:00pm
Quoting hibra68
Dj again tnx fit the template so far it's the best scalping template that I came across. I have another question. Do you take every cross as a trade. Meaning do you enter a new trade for each cross that appear o e after the other? If you do, what position size do you use. Tnx
thanks for your kind words and no problem, its the best scalping template i ever say as well and ive been through pretty much most of them
the beauty of it is that you get the best strike rate for trend continuation, takes out the emotion as well so no chance for revenge trading or god complex trading

hmm good question im cautious about hitting pullbacks in trends that are overextended and oversold. you can use an rsi to filter but clear to see with eyes.

the best trades are the ones where the price makes its first cross of the ma and comes back into it if that helps any.

as for position size just use what size you feel is relevant to your account.....
  • #67
  • Jul 7, 2017 3:04pm Jul 7, 2017 3:04pm
an example of when to stop hitting the red crosses can be seen here - u already got shed loads of long entries, price is overextended so your taking too much risk hitting red crosses near the top there, time to sit on hands ans wait patiently to see what happens.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_6.png Size: 90 KB
  • #68
  • Jul 7, 2017 3:27pm Jul 7, 2017 3:27pm
Quoting djms
{quote} thanks for your kind words and no problem, its the best scalping template i ever say as well and ive been through pretty much most of them the beauty of it is that you get the best strike rate for trend continuation, takes out the emotion as well so no chance for revenge trading or god complex trading hmm good question im cautious about hitting pullbacks in trends that are overextended and oversold. you can use an rsi to filter but clear to see with eyes. the best trades are the ones where the price makes its first cross of the...
Alright bro tnx
  • #69
  • Jul 7, 2017 3:37pm Jul 7, 2017 3:37pm
Dj
Is there a way to add push notification (I use my phone for taking trades). Push notification for crosses (for entry) than a separate sound for touching the band (for take profit).
Of course I might be able get someone to create an ea (I don't know your thoughts on this)
Tnx
  • #70
  • Jul 7, 2017 3:48pm Jul 7, 2017 3:48pm
Quoting hibra68
Dj Is there a way to add push notification (I use my phone for taking trades). Push notification for crosses (for entry) than a separate sound for touching the band (for take profit). Of course I might be able get someone to create an ea (I don't know your thoughts on this) Tnx
sorry i dont know about notifications, maybe some other members can help you there. an EA would be interesting. i guess you could just use the ma and the bands? pm me if you think about taking it forward
  • #71
  • Jul 7, 2017 5:19pm Jul 7, 2017 5:19pm
Quoting djms
{quote} sorry i dont know about notifications, maybe some other members can help you there. an EA would be interesting. i guess you could just use the ma and the bands? pm me if you think about taking it forward
OK I will
  • #72
  • Jul 7, 2017 11:25pm Jul 7, 2017 11:25pm
Hi... thanks for sharing this strategy...
i checked with strategy tester, and many signal is repaint... so you must understand the basic trading, and management risk with this strategy
and some signal disappear when goes wrong direction
my opinion is: dont trade when ranging, trade only when trending, the white line is above or below T3, to minimaze false signal
but this is a good strategy, because i fans of indicator made by mladen
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYmicroM1 repaint.png Size: 49 KB
  • #73
  • Jul 8, 2017 12:12am Jul 8, 2017 12:12am
Hi DJMS. Thankyou for your trading system. Looks promising. Subscribed & look forward to testing it. Keep up the good work.
  • #74
  • Jul 8, 2017 3:06am Jul 8, 2017 3:06am
Quoting Santoso777
Hi... thanks for sharing this strategy... i checked with strategy tester, and many signal is repaint... so you must understand the basic trading, and management risk with this strategy and some signal disappear when goes wrong direction my opinion is: dont trade when ranging, trade only when trending, the white line is above or below T3, to minimaze false signal but this is a good strategy, because i fans of indicator made by mladen {image}
Santoso777,

Thanks for taking the time for checking with strategy tester...

Could you please expand more on your statement:

"the white line is above or below T3"
  • #75
  • Jul 8, 2017 4:53am Jul 8, 2017 4:53am
Quoting aaven
{quote} Santoso777, Thanks for taking the time for checking with strategy tester... Could you please expand more on your statement: "the white line is above or below T3"
I think he ment only take long when lower band line is above t3 ma. Opposite for shorts
  • #76
  • Jul 8, 2017 6:23am Jul 8, 2017 6:23am
Quoting Santoso777
Hi... thanks for sharing this strategy... i checked with strategy tester, and many signal is repaint... so you must understand the basic trading, and management risk with this strategy and some signal disappear when goes wrong direction my opinion is: dont trade when ranging, trade only when trending, the white line is above or below T3, to minimaze false signal but this is a good strategy, because i fans of indicator made by mladen {image}
TMA had long been labeled as a repainter when actually it recalculated on new data. When price pushes the bands higher or lower, the bands recalculate on new data. Mladen has discussed this in great length.
Trade with confidence, trade without fear.
  • #77
  • Jul 8, 2017 7:46am Jul 8, 2017 7:46am
Quoting thirdpillar
{quote} 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 {image}
hello thirdpillar, do you mind posting your rsx divergence indicator? Thanks in advance
  • #78
  • Jul 8, 2017 9:49am Jul 8, 2017 9:49am
Quoting Cryptosurf
{quote} TMA had long been labeled as a repainter when actually it recalculated on new data. When price pushes the bands higher or lower, the bands recalculate on new data. Mladen has discussed this in great length.
TMA True is supposed to be a non-repainting version of TMA.
Attached File(s)
File Type: ex4 TmaTrue.ex4   5 KB | 1,191 downloads
  • #79
  • Jul 8, 2017 10:45am Jul 8, 2017 10:45am
Quoting Samuelkanu
{quote} hello thirdpillar, do you mind posting your rsx divergence indicator? Thanks in advance
That is exactly what repainting is. Re-calculating previously closed bars.
  • #80
  • Jul 8, 2017 11:02am Jul 8, 2017 11:02am
welcome new traders

yes the tma bands repaint but there are still plenty of signals that don't, these are the ones you look at.

if anyone has any other suggestions or ideas as to what can be used instead of tma bands to catch pullbacks then please let us know........
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