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MTF TMA

  • #41
  • Jan 9, 2011 6:10pm Jan 9, 2011 6:10pm
Quoting ido370
you know the sema4x, TMA and X-ZZ "adjust" accordingly, right? sometimes sema4x is right and gives some nice buy/sell signals, but i would not depend on it. For the TMA, you could better switch to TMATrue or the WLMA, since it does not "adjust". TMA is shifted to the left by HalfPeriod bars and that leaves a "gap" on the right side - the gap that needs to be filled in with any kind of extrapolation, and extrapolation is always a sort of a "guessing game" -according to original TMA coder.
I am looking at that since market open, problem is it does not have the signals like TMA but they are close enough so the difference in the long term will be miniscule.
  • #42
  • Jan 9, 2011 6:13pm Jan 9, 2011 6:13pm
Quoting Dreamliner
How did you determine to enter EUR/USD long here? Just the appearance of the Sema4 on the 4hr candle?
Because I missed the sell on Friday may have some draw down but not a lot
  • #43
  • Jan 9, 2011 6:15pm Jan 9, 2011 6:15pm
Quoting ido370
you know the sema4x, TMA and X-ZZ "adjust" accordingly, right? sometimes sema4x is right and gives some nice buy/sell signals, but i would not depend on it. For the TMA, you could better switch to TMATrue or the WLMA, since it does not "adjust". TMA is shifted to the left by HalfPeriod bars and that leaves a "gap" on the right side - the gap that needs to be filled in with any kind of extrapolation, and extrapolation is always a sort of a "guessing game" -according to original TMA coder.
We are not but we can figure them out bu the H1 TMA breaching the 4H ang the Daily TMA.
  • #44
  • Jan 9, 2011 6:15pm Jan 9, 2011 6:15pm
Quoting mgs1f
Because I missed the sell on Friday may have some draw down but not a lot
There was a "sell on Friday", and now on Sunday there is a "buy?"
  • #45
  • Jan 9, 2011 6:27pm Jan 9, 2011 6:27pm
Quoting Dreamliner
Here is the recommended sell on GBP/JPY. Again, I see no reason to sell, except that this pair made a new high. It does not appear to have broken resistance, and it's been in a sustained uptrend for some time. I'm not meaning to clog this thread with pictures, I just want to understand your method. Are you simply saying "sell when price makes a new high" and "buy when it makes a new low?"
Watch this trade, if a grey xzz forms on the bittom H1 them get out and set a sell stop below it. If the price retrace off the low Xzz then you wait until the top H1 TMA is breached then you will see the trend pattern. We are ranging as the pair makes the turn.
  • #46
  • Jan 9, 2011 11:46pm Jan 9, 2011 11:46pm
My friend, this thread needs real help. You are getting many questions from people simply because you have not posted clearly. I'm quite sure it is very clear to you, but you have not made it clear to us, and that is the reason this thread is not getting the exposure that it needs to. We really have no clue as to how you trade, and telling us that you are going long or short for a live trade is not going to clarify how you trade this method. The problem is in the lack of clarity in communicating.

So, because I believe you really have a good trading method going on here, I propose to help with this thread. I know that some people communicate much better over the phone, so I am offering to call you on the phone and get from you a better understanding of your system or method, and then I will post my findings here in this thread. I believe that will get the exposure to this thread that it warrants.

You've tried to do a good thing in opening this thread and posting your system, and clearly it is working very well for you. But I don't believe even one person who has read this thread understands what you are doing, simply because you have been vague in your postings, and because you have not answered most of our questions.

If you want to take me up on this offer, simply PM me your phone number and a good time to call. I will ask simple and very basic questions. I would like to see this thread get the exposure it deserves. I for one will be unsubscribing if you are unable to communicate clearly and effectively from now on, and your thread will die as others also discover that there is no clarity here. I would hate to see that happen.

Will you take me up on my offer?
  • #47
  • Jan 10, 2011 3:36am Jan 10, 2011 3:36am
nice strategy, mgs.... although countertrend can be profitable.

some initial use SL?

thanks
  • #48
  • Jan 10, 2011 7:22am Jan 10, 2011 7:22am
hi mgs.... to see what happens

thanks
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  • #49
  • Jan 10, 2011 8:19am Jan 10, 2011 8:19am
Quoting porfirio
hi mgs.... to see what happens

thanks
Just keep in mind that this is frm a H1 chart so just be patient. I am at work currently so my input may be limited during the Day.
  • #50
  • Jan 10, 2011 8:21am Jan 10, 2011 8:21am
Quoting porfirio
nice strategy, mgs.... although countertrend can be profitable.

some initial use SL?

thanks
Set it below the semaphor.
  • #51
  • Jan 10, 2011 12:22pm Jan 10, 2011 12:22pm
Quoting porfirio
hi mgs.... to see what happens

thanks
I hope that this is a demo account as you are way over leveraged. On the trades in profit please set them to break even.
  • #52
  • Jan 10, 2011 3:35pm Jan 10, 2011 3:35pm
is demo of course .... without administration of money or anything ... just want to see evolution as a function of price limits TMA bands

I though his strategy because I also use extreme bands .... and I think your strategy is good

thanks friend
  • #53
  • Edited 4:30pm Jan 10, 2011 3:37pm | Edited 4:30pm
Greetings all,

I had the opportunity to speak on the phone today with Mike, the originator of this trading system. We had a great discussion, and I received good clarity on how to trade it.

Because I believe this system has merit, I want to pass along to you (with Mike's permission) the answers I received. Below are the questions I asked and the answers I received.

Mike, please correct anything I did not get right here:

Question 1. Which pairs do you watch for trading this method?

Answer: EUR/USD, GBP/USD, USD/CAD, USD/CHF, GBP/CHF, AUD/USD, USD/JPY, GBP/JPY


Question 2. Do you trade a specific session, such as NY or London or Asian, or just anytime you get a signal?


Answer: Anytime you get a signal.


Question 3. How do you setup your charts for trading?


Answer: Open a 1Hr chart on all pairs mentioned above. Put on the template called "#mtf-tma-h1".



Question 4. When you scan the charts looking for a setup to trade, what timeframe are you looking at?


Answer: 1 hour


Question 5. When you scan the charts looking for a trade setup, what exactly at are you looking for?


Answer: We are looking for any pair where the indicator "SEMA4" has appeared. This is our indication to begin looking for a place to get in the trade. From here, we can place a buy stop or a sell stop at a price that crosses the next TMA line.


In other words, let's say we find a SEMA4 signal high on the chart so we are looking to go short. We look below the SEMA4 and check the next TMA line down, and place a buy stop for when the market price crosses that TMA line from above. Just the opposite for long trades.



Question 6. What is your entry signal?


Answer: Entry is always on a stop order, not a market order. The entry signal is when the market passes the nearest TMA line above or below the SEMA4 signal.



Question 7. When you enter a trade, do you set a stop loss? If so, where do you place it?

Answer: If you wanted to do a stop loss, put it right above (for a short) or below (for a long) the SEMA4 signal.


Question 8. When you enter a trade, do you set a target?


Answer: Your target can be the next TMA line away from your entry. Also, we also can exit at the appearance of a "XZZ" signal. (Note: We are currently attempting to get someone to help modify the XZZ signal to provide an email notification when it triggers. If you can help, please contact us).



Question 9. Do you set your stop loss at break even at any point?

Answer: Put a break even about 40 or 50 pips of movement in the correct direction.

This is what I have so far. I hope this clarifies this method. Thanks much to the thread starter for this method, and for answering my questions!
  • #54
  • Jan 10, 2011 4:28pm Jan 10, 2011 4:28pm
Thanks Dreamliner.... perfectly clear
  • #55
  • Jan 10, 2011 4:32pm Jan 10, 2011 4:32pm
Thanks, I really do like this system for a number of reasons, and wanted it to get some exposure so that people can test it. I hope people will give input and post their results here.

I have posted on the indicator forums asking for help in providing an email alert for the XZZ signal, hopefully somebody can do that.

Quoting porfirio
Thanks Dreamliner.... perfectly clear
  • #56
  • Jan 10, 2011 4:56pm Jan 10, 2011 4:56pm
Congrats DL, you have made it very clean and concise .... and great job to the originator of the system ...

I am sure users will now partake accordingly.... might be a good idea if it could be excerpted into Page1 Post..
  • #57
  • Jan 10, 2011 5:08pm Jan 10, 2011 5:08pm
Excellent thanks for the help I really appreciate it DL.
Quoting Dreamliner
Greetings all,

I had the opportunity to speak on the phone today with Mike, the originator of this trading system. We had a great discussion, and I received good clarity on how to trade it.

Because I believe this system has merit, I want to pass along to you (with Mike's permission) the answers I received. Below are the questions I asked and the answers I received.

Mike, please correct anything I did not get right here:

Question 1. Which pairs do you watch for trading this method?

Answer: EUR/USD, GBP/USD, USD/CAD, USD/CHF,...
  • #58
  • Jan 10, 2011 5:13pm Jan 10, 2011 5:13pm
Everyone before you place another trade please reread post 1.
Thanks to Dreamliner for the help as i am so busy.
  • #59
  • Jan 10, 2011 5:14pm Jan 10, 2011 5:14pm
Its done great suggestion.
Quoting Tread
Congrats DL, you have made it very clean and concise .... and great job to the originator of the system ...

I am sure users will now partake accordingly.... might be a good idea if it could be excerpted into Page1 Post..
  • #60
  • Jan 10, 2011 5:18pm Jan 10, 2011 5:18pm
Quoting Dreamliner
Thanks, I really do like this system for a number of reasons, and wanted it to get some exposure so that people can test it. I hope people will give input and post their results here.

I have posted on the indicator forums asking for help in providing an email alert for the XZZ signal, hopefully somebody can do that.

Thanks, dreamliner, for ferreting that information out. After reading the Q&A and cross checking the chart, it's now clear to me. For those that might still be a little hazy, it helps to zoom in on the chart and you can then see the lines better, and distance away better.

This is my preferred way to trade, which is counter trend at the extremes and the Semifor gives an indication of that. Watch that the Semifor moves, and also those lines move depending on the FUTURE movement of the pair. This means to not get too excited about the historical chart because that semifor will move up or down according to the movement of the pair, and not stop until the pair reverses. A year or so back, I attached a level 3 Semifor to a half hour chart of the GBP USD and saw it appear and made a note of it. People think I'm fibbing when I say this, but the level 3 Semifor moved SEVENTEEN times on a half hour chart!! If one were to look back at that chart and hadn't been sitting there, they would think it was the holy grail because the level 3 semifor knew exactly where the low was. Trouble was, the "low" was 17 bars back, and had you traded when it first appeared, you would have had a serious drawdown.

So, my word of caution to use that as a guide. That being said, this system will avoid you getting in when the semifor first appears (usually) because you will enter as the pair reverses and only when it touches one of the lines, which should be (hopefully) far enough away to avoid getting in too early, and at a point where the oversold or overbought condition is reversing.

Just my two cents worth, and I'm gonna try this with .02 live on various pairs as time permits. Might also work on shorter time frames.
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