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MTF TMA

  • #141
  • Jan 15, 2011 12:45pm Jan 15, 2011 12:45pm
Quoting ron20
2 strategies (not using the H1 TMA)

1st strategy

Entries, stops and TP, breakeven exactly like prof8t.

2nd strategy

My primer is the sema4 that's telling me price is now reversing. So until I get the next sema4, price is going up - hence looking for long signals only. On the chart below, I'm only looking for longs between the aqua vertical lines. I then wait for price to approach the oversold area of the stochs. Using VSA (Forgive me for bringing this up as it's not part of this method, it just helps my confidence),...
On your chart, there are gray circles and the "sun", for lack of a better term. Don't each of these come and go depending on the price action? For example, if you were in a long trade and a "sun" appeared at 18:00 would you close out your trade? The problem I see with relying on a visual bac test of a chart is that those signals weren't where they are now in real time. Depending on how rapid price is moving, the "sun" moves right along with them, until there is a reversal. I posted before that I saw the level 3 Semifor move 17 straight times on a half hour chart.

That doesn't happen all the time, but it does happen with enough regularity that it's not unusual for it to move two, three, four or more times when the pair is heavily trending. I'm not sure how much of a pip reversal there needs to be for that "sun" to stick, but you will almost never get in, or out, where you see those on the chart.
  • #142
  • Jan 15, 2011 1:47pm Jan 15, 2011 1:47pm
paradoxical how many bars back does the TMA repaint.


Ron20 my advice to you, dont even think of trading with sema4 on its own. It repaints like crazy. The author of this thread is just using them as an alert.
  • #143
  • Jan 15, 2011 6:46pm Jan 15, 2011 6:46pm
Paradoxical

Hi, the indicators you mention do repaint, quite badly too. Hence why I don't soley rely on them but use a combination of stochastics and VSA to enter the market.

Once a sema4 has appeared beyond the H4 TMA I'm primed for trades to the opposite side of the H4 TMA. I don't place a market order until the stochs are in agreement and VSA looks favourable.

If you notice the chart I posted earlier, entries are were the ticks are, and not at the point the sema4 appeared. The appearance of a silver dot/ sema4 merely gives me an alert of a possible reversal. I get a text alert when they appear, open up the particular chart, and look for a possible entry using VSA, stochs, trendlines, fibs etc...

ukcool

Cheers for the advice. As I've mentioned above, I also use them as an alert. Trading the sema4 on it's own would be criminal.

Hope this makes sense and explains it better. Apologies mgs1f as this strategy isn't exactly as you intended. Just another way I've been using this setup.

Regards and thanks

Ron
  • #144
  • Jan 15, 2011 7:32pm Jan 15, 2011 7:32pm
That's[why we don't trade the half hour chart. Even though we are on a one hour chart we are trading the four hours and daily bands of TMA. Then if a semaphore appears we put on a 40- 50 pip traling stop. Now QUOTE=paradoxical;4316446]On your chart, there are gray circles and the "sun", for lack of a better term. Don't each of these come and go depending on the price action? For example, if you were in a long trade and a "sun" appeared at 18:00 would you close out your trade? The problem I see with relying on a visual bac test of a chart is that those signals weren't where they are now in real time. Depending on how rapid price is moving, the "sun" moves right along with them, until there is a reversal. I posted before that I saw the level 3 Semifor move 17 straight times on a half hour chart.

That doesn't happen all the time, but it does happen with enough regularity that it's not unusual for it to move two, three, four or more times when the pair is heavily trending. I'm not sure how much of a pip reversal there needs to be for that "sun" to stick, but you will almost never get in, or out, where you see those on the chart.[/quote]
  • #145
  • Jan 15, 2011 8:17pm Jan 15, 2011 8:17pm
Quoting ukcool
paradoxical how many bars back does the TMA repaint.


Ron20 my advice to you, dont even think of trading with sema4 on its own. It repaints like crazy. The author of this thread is just using them as an alert.
Yes I only use them to take profit. Repainting in that case means more profit.
  • #146
  • Jan 15, 2011 8:23pm Jan 15, 2011 8:23pm
Quoting ron20
Paradoxical

Hi, the indicators you mention do repaint, quite badly too. Hence why I don't soley rely on them but use a combination of stochastics and VSA to enter the market.

Once a sema4 has appeared beyond the H4 TMA I'm primed for trades to the opposite side of the H4 TMA. I don't place a market order until the stochs are in agreement and VSA looks favourable.

If you notice the chart I posted earlier, entries are were the ticks are, and not at the point the sema4 appeared. The appearance of a silver dot/ sema4 merely gives...
Ron great post my idea for this thread is to make everyone some money. This is the only way I have been trading for a few months and the only time I loose is when I get impatient.
  • #147
  • Jan 16, 2011 9:20am Jan 16, 2011 9:20am
This id the best setup I see after scanning tha pairs that FXDD offers. Please read instructions on the chart. Also if anyone see anygood setups during the week please feel free to post them with pictures.
Attached Image (click to enlarge)
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  • #148
  • Jan 16, 2011 9:02pm Jan 16, 2011 9:02pm
Hello Mgs1f. Thank you for sharing your interesting system. I have read the thread and am still a little confused as to where best to place the Buy/Sell Stop. I have attached a pic with two possible Sell Stop entries. The first is immediately below the 60 TMA sell line coming off the blue Semi4. The second is immediatley below the 240 TMA sell line. I have annotated both possibilities on the chart. Which is the correct entry? I can see where an entry below the 240 TMA might protect from a retrace back up belore the move down, but it is 90 or so pips below the blue Semi4. On the other hand, placement below the 60 TMA risks getting caught in a continued up move as the blue Semi4 repaints. What are your thoughts on this?

Thank you.
Attached Image (click to enlarge)
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  • #149
  • Jan 16, 2011 9:12pm Jan 16, 2011 9:12pm
Quoting mgs1f
This id the best setup I see after scanning tha pairs that FXDD offers. Please read instructions on the chart. Also if anyone see anygood setups during the week please feel free to post them with pictures.
Hello again Mgs1f. The red 4H TMA line is 100 pips away. We now have a green Semi4. Would you not enter above the green 1440 TMA just 30 pips away?
  • #150
  • Edited 6:26am Jan 17, 2011 4:41am | Edited 6:26am
Here's a quick look at the EUR/USD.
Please note, Strategy 1 is by stop order, and Strategy 2 is by market order.

Let me know what you think.

Regards.
Attached Image (click to enlarge)
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update - retracement in progress, price currently @ 1.3336, stochs extremely oversold (not looking good)

Strategy 1 : entry triggered at 1.3270 (place standard bollinger bands and it doesn't look too bad), stop loss - 1.3440. R:R looks obsurd though.

Strategy 2 - not triggered yet.
  • #151
  • Edited 6:33am Jan 17, 2011 5:04am | Edited 6:33am
Your thoughts would be greatly appreciated folks.....

Attached Image (click to enlarge)
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update - approaching the upper D1 TMA and stochs approaching overbought. looking good for now. entries have not been triggered yet though.

D1 TMA looks flat / down (correct me if i'm wrong)
  • #152
  • Jan 17, 2011 6:17am Jan 17, 2011 6:17am
Shorts would be very risky here , cos you would be trading against D1 Trend
  • #153
  • Jan 17, 2011 6:30am Jan 17, 2011 6:30am
Quoting blutkehlchen
Shorts would be very risky here , cos you would be trading against D1 Trend
eur/usd D1 TMA's look flat / down to me. probably my settings are off.
  • #154
  • Jan 17, 2011 6:32am Jan 17, 2011 6:32am
But going long on Eur/Usd could be an option since it recently bounced of upper 4H
  • #155
  • Jan 17, 2011 6:35am Jan 17, 2011 6:35am
Quoting ron20
eur/usd D1 TMA's look flat / down to me. probably my settings are off.

The slope is not the point in this case , its because the price comming from lower D1, it has recently broken lowest D1 and its now on its way to upper D1 , so there are no short trades indicated according to this strategy
  • #156
  • Jan 17, 2011 6:35am Jan 17, 2011 6:35am
Quoting blutkehlchen
But going long on Eur/Usd could be an option since it recently bounced of upper 4H

reckon yes, question is, what would be your primer, trigger etc for going long using this set-up?
  • #157
  • Jan 17, 2011 6:38am Jan 17, 2011 6:38am
EUR/USD D1 TMA looks like it's in a very slight downtrend. BTW, what's VSA?
  • #158
  • Jan 17, 2011 6:40am Jan 17, 2011 6:40am
Quoting blutkehlchen
The slope is not the point in this case , its because the price comming from lower D1, it has recently broken lowest D1 and its now on its way to upper D1 , so there are no short trades indicated according to this strategy
Mine's coming from upper D1 so i'm heading back to lower D1.

Attached Image (click to enlarge)
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  • #159
  • Jan 17, 2011 6:43am Jan 17, 2011 6:43am
Quoting prof8t
EUR/USD D1 TMA looks like it's in a very slight downtrend. BTW, what's VSA?

VSA - volume spread analysis (google for more info)
apologies for bringing this up on this thread, it's just another tool i use along with trendlines, fibs, etc..... whatever helps.
  • #160
  • Jan 17, 2011 6:43am Jan 17, 2011 6:43am
Hahaha intresting, that yours already broken D1 mine is about 140pips away
I seriously have to learn more about brokers and how they work.

By the way where is your middle D1?
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