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Extreme TMA System

  • #15,161
  • Nov 20, 2018 7:32pm Nov 20, 2018 7:32pm
I cant speak for Al, but I personally risk 5%.
Nothing in life is to be feared, it is only to be understood.
  • #15,162
  • Edited 8:21pm Nov 20, 2018 7:58pm | Edited 8:21pm
Quoting Merka
Buy setup as H1 H4 D are ranging and price below H1 TMA bands {image}
Normally it would be a Buy setup, BUT, the H1 TMA is at "THE TURN". That means it has reached the high point in the cycle and it is turning down from the upper band of H4. This area is the most dangerous one in this system. I generally stay away here. This happens in H1 TMAs and lower. Large drops can happen at THE TURN. It is not worth the risk to take this trade.
Observation is the path to discovery.
  • #15,163
  • Edited Nov 21, 2018 3:23am Nov 20, 2018 8:19pm | Edited Nov 21, 2018 3:23am
Quoting 00PIP
{quote} Al, can I ask what percentage of your account are you risking if your 100 pip stop is hit?
If you use H4 or higher, 5% is fine. The lower TMA you use, the riskier it gets. Don't get me wrong. H1 is very profitable, but you have to be proficient with the system to use it. You must be an expert to trade Extreme TMA in M15 and lower. Having said that, i have had 15% days trading M1 but it is quite stressful and I don't recommend it without years of experience. The safest way to trade the system is in H4 with exits on centerline or better yet, trailing below the low of the previous H4 candle (in a Buy), or the high (in a Sell) when you reach centerline until you are stopped out.
Observation is the path to discovery.
  • #15,164
  • Nov 20, 2018 8:29pm Nov 20, 2018 8:29pm
Quoting Frag8383
Que tal Alorente, Pedazo de sistema muchas gracias por tu ayuda!!!!!! Me he quedado loco cuando he empezado a leer y me he dado cuenta que la ultima actualizacion ha sido hace 10 dias y este post empezo en el 2012!!!!! jajajaja. Si alguna vez estas por Sevilla avisa y nos tomamos una cervecita Voy a escribir en ingles por si alguien le interesa mi pregunta. The 4H timeframe is to slow for me I. I have seen that you can use the system for scalping using the same rules as stated in post 1 but instead use the slope of the 5M - 15M - 1H. My question...
Lo mismo te digo si estas por Santander...

The RSI is not part of the system because it's use is very subjective. I do use the RSI or the TDI at the turns for confirmation by looking for divergences, but only at these turns. It is not useful at any other point. Because of its subjective nature, I decided to not include it in the system. When scalping with lower TF TMAs, I only take trades at the turns and only with divergences present.

Remember: This is for experts in xTMA only!
Observation is the path to discovery.
  • #15,165
  • Nov 20, 2018 8:48pm Nov 20, 2018 8:48pm
Quoting Alorente
{quote} If you use H4 or higher, 5% is fine. The lower TMA you use, the riskier it gets. Don't get me wrong. H1 is very profitable, but you have to be proficient with the system to use it. You must be an expert to trade Extreme TMA in M15 and lower. Having said that, i have had 15% days trading M1 but it is quite stressful and I don't recommend it without years of experience. The safest way to trade the system is in H4 with exits on centerline or better yet, trailing the low of the previous H4 band (in a Buy), or the high (in a Sell) when you reach...
Thanks!

Would you be able to explain "trailing the low/high of the previous H4 band"? I don't quite get it. Do you mean moving the stop so that it's equal to the position of the centreline each candle?
  • #15,166
  • Edited 11:33pm Nov 20, 2018 11:16pm | Edited 11:33pm
Well lovely people ,,,,
Another great day on the intraday trading level yesterday . with multiple setups on both the Pound Yen and Pound Dollar ....
I am demonstrating how effective the TMA's can be IF correlated correctly with the most important part ,, which is PRICE ACTION ,, which what i call TARGET TRADING ,,,, which i do based on the 15 mnt ,,, 1 Hour and 4 Hour charts ,,, which is the BASIS of MY trading ! ! ! !
The TMA i am displaying here are what is used By the whole family here , EXCEPT ,,, i have fine tuned it to my theory and approach that i apply in my style of trading ,,
The reason i have done that is to demonstrate the importance of what Uncle AL keeps drumming in ,,, and that is ,,
One MUST do the study and testing ,,, which takes time to master ,,, as it is not important the settings used as much as ,,, one doing the hard work ,,, and tailor making the TMA settings based on THEIR PERSONAL findings ,,,
Please keep in mind ,,,, the TMA setting i ALWAYS use on my charts are NOT what i am showing here ,,,, as i do NOT display my charts publically .
Also ,, i do NOT use any indicators on my charts ,, as it is totally PRICE ACTION BASED .
The setup shown on the attached chart ,,, IF traded correctly with the right loading in a basket style trading ,, would deliver well well over 100 pips in just a 22 Pip bounce off the bottom ,, and ,, in less than 15 mnts ,,,,,
Hope this will be of a help to some .
Cheers,
And just complete the party ,,, I thought why not show u the Pound Dollar in action BASED ON all of the above theory also
George
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 MNT EXMPLANATION.png Size: 42 KB
Click to Enlarge Name: G U 1 MNT EXPLANATION.png Size: 37 KB
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #15,167
  • Nov 21, 2018 2:03am Nov 21, 2018 2:03am
Quoting Merka
{quote} Thanks is working now. The only thing to understand now if it's NRP or not

For my understanding its non repaint. But therefore its no TMA anymore. Maybe do some research on Mladen and TMA on the web. The real TMA has to do "repainting". Its recalculating back the last 50 bars with every new bar. Thats because of its formula.

On this COG indicator another thing is that there is used the cog formula with TMA. So its not what Al uses. Anyway could work too i think.


Greets.
Stick to the plan!
  • #15,168
  • Nov 21, 2018 3:21am Nov 21, 2018 3:21am
Quoting paw1234
Hey Al can i ask one quick newbie question. Since you primarily use the h4 and daily chart, what TF do you use for your entry? Do you use a smaller TF for such? Thanks Al!
Read the first post before asking questions that are clearly explained there.
Observation is the path to discovery.
  • #15,169
  • Nov 21, 2018 3:23am Nov 21, 2018 3:23am
Quoting 00PIP
{quote} Thanks! Would you be able to explain "trailing the low/high of the previous H4 band"? I don't quite get it. Do you mean moving the stop so that it's equal to the position of the centreline each candle?
Sorry, I wrote band instead of candle. I edited that post now. Good catch.
Observation is the path to discovery.
  • #15,170
  • Nov 21, 2018 4:44am Nov 21, 2018 4:44am
@Alfredo

I know you recommend H4DW sequence but what about H1H4D?
Do you consider it too risky?
I would like to be more engaged in the market and afraid that with H4DW you can have maybe just 1 or 2 setups a month.
Please give me some feedbacks about these sequence when you have time.
I'm trying to find the right balance between trading and work.
Cheers
  • #15,171
  • Nov 21, 2018 4:51am Nov 21, 2018 4:51am
Quoting Merka
@Alfredo I know you recommend H4DW sequence but what about H1H4D? Do you consider it too risky? I would like to be more engaged in the market and afraid that with H4DW you can have maybe just 1 or 2 setups a month. Please give me some feedbacks about these sequence when you have time. I'm trying to find the right balance between trading and work. Cheers
H1,H4,D1 is excellent and you will get many more trades, but you have to be careful with H1 at The Turn. See post 15,162 for information on this.

You can trade the turn to a centerline exit and you should be safe. An H1 trade at the turn will rarely reach the opposite band. For all other setups with H1, you can trade normally.
Observation is the path to discovery.
  • #15,172
  • Nov 21, 2018 6:10am Nov 21, 2018 6:10am
Hi Al, I've sent you a message.
  • #15,173
  • Nov 21, 2018 7:13am Nov 21, 2018 7:13am
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 254 KB
  • #15,174
  • Nov 21, 2018 11:09am Nov 21, 2018 11:09am
Quoting gargindia
{image}
Yes. We mentioned this 2 days ago.
Observation is the path to discovery.
  • #15,175
  • Nov 21, 2018 1:38pm Nov 21, 2018 1:38pm
Awesome system, I'm in for the learning ride
thinking outside the box
  • #15,176
  • Nov 21, 2018 3:32pm Nov 21, 2018 3:32pm
Wow
NZDCAD is with both H4 bands above D TMA upper band.
More extreme than this is impossible I guess
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADH1 21-11-2018.png Size: 49 KB
  • #15,177
  • Nov 21, 2018 6:02pm Nov 21, 2018 6:02pm
Quoting Merka
Wow NZDCAD is with both H4 bands above D TMA upper band. More extreme than this is impossible I guess {image}
A very good morning to u Merka ,,,
I notice u r very active with the use of TMA;s ...
May i ask what style of a trader u r ????
Swing trader ,, or intraday trader ,,, or maybe both ???
Cheers
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #15,178
  • Nov 22, 2018 1:24am Nov 22, 2018 1:24am
Does anyone have the FastTMALine indicator with push alerts? or can anyone please add push alert option? thank you!
Jehovah Jireh
  • #15,179
  • Nov 22, 2018 3:18am Nov 22, 2018 3:18am
Hi Alfredo thanks for your system I like it, reading posts at the moment and looking for setups like this one, seems to be a short in an uptrend right (?) because the daily TMA is pointing North
Attached Image (click to enlarge)
Click to Enlarge Name: uj4h.png Size: 56 KB
  • #15,180
  • Nov 22, 2018 4:17am Nov 22, 2018 4:17am
Quoting Montrose
Hi Alfredo thanks for your system I like it, reading posts at the moment and looking for setups like this one, seems to be a short in an uptrend right (?) because the daily TMA is pointing North {image}
All the new conditions have been posted in Post 1 a few days ago. The slope ranges for each TMA are clearly outlined. Let me know if you have questions after reading it.
Observation is the path to discovery.
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