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Extreme TMA System

  • #15,301
  • Dec 7, 2018 8:33pm Dec 7, 2018 8:33pm
Quoting Merka
{quote} Closed also my EURAUD is loss as the DD was increasing too fast. We got 5 daily bars just rising 1 after another. I think it will retrace back next week but for the moment is a loss. Next one
Luckily my pending sell stop order didn't fulfill.
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  • #15,302
  • Dec 7, 2018 8:51pm Dec 7, 2018 8:51pm
Quoting matthew89
{quote} Hey George mate, it would be amazing if you could start your own thread where you discuss your trading style in detail. You seem very knowledgeable (have read many of your comments on other threads) and an insight into how you read price action, what you exactly look for, and maybe a glimpse at the strategies you use would be really awesome man. How about it, fancy starting your own thread where we at FF can pick your brains???
Goooood morning England hahahahah ,,,
Thank u for ur beautiful words sir ,,,
Starting a THREAD ???? Noooo way ,,, i dont need the headache hahahaha ,,, besides it is a pleasure to be along with Uncle Al here
Many times i have said it ,,, and a couple of time i have been accused of being a salesman and an educator ,,, and want people to PM me so i can charge money ,,,,, I WILL NOT POST WORK PUBLICLY ,,,, for obvious reasons ,,,,,
Some fellow traders have spent time with me talking and seen my detailed analysis LIVE ,,,
Some have made that comment already ,,,,
I am sorry my reply to ur request maybe a little LONG ,, but ,, there is NO other way ,,,,
The biggest problem i notice with 80% of traders is the fact that THEY ARE LAZY ,,,,
At my YOUNG age of 63 ,, i still INVEST 8 to 10 hours a day minimum 5 days a week ,,, studying ,, researching / fine tuning my theories ,,,
I have tried many times to tickle their taste buds to get them to open their MINDS and EYES to many things ,, BUT of NO success ,, BUT ,, i never have given up trying till now ,,,,
SO ,, just to act in response to ur request ,,, i will share a couple of EXAMPLES ,,, one on the EURO USD HOURLY ,,,, and one on the POUND YEN 1 mnt ,,,, simply because the theory applies to every time frame and every market ,,,
And it is important for each trader to EMPTY their pre loaded ideas ,, and forget about any useless indicator used ,, and for ONCE try to build an understanding of price action , and why things happen on the charts ,,,, as this business is based on the COLLECTIVE PSYCHOLOGY OF THE HERD ! ! ! ! !
SO ,,, for the exercise ,,, I have marked some green boxes ,, THINK about the action behavior at the boxes ,, as the CLUES / psychology actions THEY adopt are all there .
Some will knock what i do ,, BUT ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, ( NO COMMENT )
Al have repeated himself time and time again ,,, mastering the game is NOT something happens over night ,, it requires alot of study and research / testing .
Hope this starts to open the eyes of some IF THEY ARE SERIOUS
I am ALWAYS available to help ,,, BUT ,,,, NOT SPOON FEED ,, as i do this for the traders sake ,,
Cheers
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Click to Enlarge Name: GJ 15 MNT.png Size: 46 KB
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #15,303
  • Dec 8, 2018 3:47am Dec 8, 2018 3:47am
Following you George. Keep up the good work. Thanks and
Regards
  • #15,304
  • Dec 8, 2018 9:00am Dec 8, 2018 9:00am
Quoting George AUS
{quote} Goooood morning England hahahahah ,,, Thank u for ur beautiful words sir ,,, Starting a THREAD ???? Noooo way ,,, i dont need the headache hahahaha ,,, besides it is a pleasure to be along with Uncle Al here Many times i have said it ,,, and a couple of time i have been accused of being a salesman and an educator ,,, and want people to PM me so i can charge money ,,,,, I WILL NOT POST WORK PUBLICLY ,,,, for obvious reasons ,,,,, Some fellow traders have spent time with me talking and seen my detailed analysis LIVE ,,, Some have made...
Thanks as always for a solid and detailed response George, and for the mini exercise. Im soaking up all I can from people such as yourself and Al who take the time to make us better traders. Thank you.
Nothing in life is to be feared, it is only to be understood.
  • #15,305
  • Edited Dec 9, 2018 3:16am Dec 8, 2018 5:56pm | Edited Dec 9, 2018 3:16am
Quoting matthew89
{quote} Thanks as always for a solid and detailed response George, and for the mini exercise. Im soaking up all I can from people such as yourself and Al who take the time to make us better traders. Thank you.
Good morning Mathew .
U r most welcome ,,,,, and thank u for ur kind words ,,,,
I said this before ,,,,,
I TRADE LIKE NO OTHER TRADER ,,,,, because
I adopt a BOUNDLESS APPROACH to my trading
Please let me know IF you can NOT work out the message in the price action where the green boxes are marked ,,,
Mind u ,, the charts are full of many others ,, BUT ,,, that was just a small selection i have marked .
BUT ,,,, please do me a favour ,,,,
ONLY do that IF you are a serious trader ,,, cause i deeply resent TIME WASTERS ! ! ! ! with all due respect of course ,,,
I will leave this reply here ,,,, and with 2 quotes by Bruce LEE that describe ME best in regards to my trading approach trading ,,,,
It is so sad when atleast 70% of traders are NOT committed enough to WANT TO Succeed in this game ,,, which is due to the absence of these 2 qualities in the quotes in my humble opinion ,, as they hold a very powerful message ,, and i hope many traders will take note of them ,,,,
Cheers,
George
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LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #15,306
  • Dec 10, 2018 1:06am Dec 10, 2018 1:06am
Pending sell stop order on EURAUD. Far from the current price because H4 slope is still on BUY signal.
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  • #15,307
  • Dec 10, 2018 1:34am Dec 10, 2018 1:34am
Personality and Trading Systems by Paul Tudor Jones

The ilea that using a methodology that suits your personality is an essential component of trading success also helps explain why most people lose money
using trading systems they bought. Why is that true? Is it because most trading systems don't work on data not used in their development? I am not implying that. Actually, I have no idea what percentage of trading systems sold to the public provide a market edge. But even if I assumed that more than 50 percent of the systems sold would be profitable if applied as instructed, I would still expect over 90 percent of the buyers of those systems to lose money trading them. Why? Because every trading system, regardless of the strategy employed, is going to hit periods when it does poorly. Now, if you buy a system, by definition, it has nothing to do with your personality or beliefs. In many, if not most, cases, you won't even have any idea what drives the system's signals. Consequently, the first time the system hits a bad period, you are not going to have the confidence to stay with the system, and you will stop trading it. That is why, invariably, most people who buy systems will end up losing: They will stop using the system when it goes through a bad period, and they won't be there when the system recovers.
what we want:1+1+1+1+1+1+1+1=8 what market delivers:1+2+8+7-4+0-5+8-4-5=8
  • #15,308
  • Dec 11, 2018 10:12pm Dec 11, 2018 10:12pm
EURAUD finally came down off a pinbar on the H4 at the confluence of resistance and the MAs on D1.
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  • #15,309
  • Dec 11, 2018 10:41pm Dec 11, 2018 10:41pm
Quoting 00PIP
EURAUD finally came down off a pinbar on the H4 at the confluence of resistance and the MAs on D1. {image} {image}
Yes. I'm currently seeing green.
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  • #15,310
  • Dec 12, 2018 9:14am Dec 12, 2018 9:14am
Quoting 00PIP
EURAUD trade hit 100 pip stop loss. Al, do you make any adjustments to the stop loss for currencies with a high ATR? Do you ever use, e.g. a multiple of ATR instead of a fixed 100 pips? {image}
Yes, of course. I use 1 to 1.5 ATR depending on the TF. For H1 I use 1 and for H4 1.5.
Observation is the path to discovery.
  • #15,311
  • Dec 12, 2018 9:28am Dec 12, 2018 9:28am
Quoting 00PIP
EURAUD finally came down off a pinbar on the H4 at the confluence of resistance and the MAs on D1. {image} {image}
On volatile pairs like EURAUD, GBPJPY, GBPNZD, GBPAUD, etc. you can change the ATR Multiplier to 3.0 and apply all the same entry rules. This applies also for periods of high volatility. With 3.0 you will get less trades, but a higher percentage of winners. You have to be flexible with the system depending on what markets you are facing.
Observation is the path to discovery.
  • #15,312
  • Dec 12, 2018 9:33am Dec 12, 2018 9:33am
Another nice general guideline to follow. Check the slope values on the info panel. For a Buy, you want to see predominantly Green values. For a Sell, mostly Red values. This is not a rule. Simply common sense. Donīt Sell when mostly Green or Buy when mostly Red.
Observation is the path to discovery.
  • #15,313
  • Dec 12, 2018 9:52am Dec 12, 2018 9:52am
Another tip:

Enter in Threes... Divide your entries. If you find you are moving into DD after your entries, enter with a third of your position initially, a second third if price moves against you and the final third if it moves further against you. Exit in threes also to lock in some profits. Be flexible... Rules are not written in stone...
Observation is the path to discovery.
  • #15,314
  • Dec 12, 2018 6:01pm Dec 12, 2018 6:01pm
Quoting Alorente
Another tip: Enter in Threes... Divide your entries. If you find you are moving into DD after your entries, enter with a third of your position initially, a second third if price moves against you and the final third if it moves further against you. Exit in threes also to lock in some profits. Be flexible... Rules are not written in stone...
I keep drumming in the importance of being in the 1% to 2% group of being INNOVATIVE in the approach ,,,,,,
Belonging to the 98% to 99% group of IMITATORS will not get anyone anywhere as they will never make any system THEIRS ! ! ! !
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #15,315
  • Dec 12, 2018 7:46pm Dec 12, 2018 7:46pm
Buy on NZDCAD
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  • #15,316
  • Dec 12, 2018 10:21pm Dec 12, 2018 10:21pm
Quoting George AUS
{quote} ......................... I have marked some green boxes ,, THINK about the action behavior at the boxes ,, as the CLUES / psychology actions THEY adopt are all there . Some will knock what i do ,, BUT ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, ( NO COMMENT ) Al have repeated himself time and time again ,,, mastering the game is NOT something happens over night ,, it requires alot of study and research / testing . Hope this starts to open the eyes of some IF THEY ARE SERIOUS I am ALWAYS available to help ,,, BUT ,,,, NOT SPOON FEED ,, as...
George

The first chart looks like a combo of Supply/Demand and Support/Resistance points. The second is HH and LL.
  • #15,317
  • Dec 13, 2018 12:26am Dec 13, 2018 12:26am
Quoting pakeha
{quote} George The first chart looks like a combo of Supply/Demand and Support/Resistance points. The second is HH and LL.
Hello Pakeha ,,,
Nice to hear ur opinion ,,,,
BUT ,,
As i have said on many occasions ,,,
I do NOT believe in Support and Resistance ,, and Supply and Demand ,,, and HH and LL as i also do NOT follow trends either .
YES to most traders they DO MEAN what u just said ,,,, BUT ,,,
Based on the understanding and theories i have built for this game ,,, they far away from what they are called ,,,,,
They mean a completely different things to me ,,, and it is a fact that is always there ,,, day after day ,, swing after swing ...
SO ,,, A FULL and DEEP understanding of that ( PRICE ACTION ) is the ability for a trader to achieve 98% to 99% consistence in their entries ,,,, as this game is built on the COLLECTIVE MENTALITY OF THE HERD ,,,,
ALL the fancy terms used by the herd about all of what we r talking about are nothing BUT FALSE PSYCHOLOGY taught to them in my humble opinion ,,, and i am NOT guessing at what i am stating here ,,,,,
Sorry i do NOT talk details about my theories publicly ,,,, so i will NOT go into that .
Cheers,
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #15,318
  • Dec 13, 2018 3:03am Dec 13, 2018 3:03am
George

Aw, you are teasing the herd
  • #15,319
  • Dec 13, 2018 3:09am Dec 13, 2018 3:09am
Quoting pakeha
George Aw, you are teasing the herd
Pakeha ,,,
I am trying to WAKE UP the heard ! ! ! !
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #15,320
  • Dec 13, 2018 3:12am Dec 13, 2018 3:12am
LOL. I think you will need to put a few more volts into that cattle prod of yours
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