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  • #2,041
  • Jun 30, 2011 6:50am Jun 30, 2011 6:50am
that's the problem with auto rescaling on MT4 - the bands can look wide but not many pips

maybe I need to modify the TMA xxx with Distances to display somewhere the total width of the band

what do you think??

though of course standard retracement theory is that it should at least go to the original point of the retracement - and in some thinking it should go to the original + the retracement (the last one did)

I'll leave the fib on after i close the order to see how much of that holds true.


Quoting P.Dean
hi John,
I would have rejected this signal for two reasons regardless of out come..
1) the pair is super range all day up to now..
2) the current band is too narrow for potential profit in between..

that's just me though..
  • #2,042
  • Jun 30, 2011 7:02am Jun 30, 2011 7:02am
I froze this picture to show how a trader should be better than his indicators at times and see the true action..

as you all see everything looks like a perfect MOM setup to be made..
but to me this one is a trap..
sure the pair is trending.. sure it has pulled back.. sure it had touch the opposite band.. sure the stochs are in-lined well enough..
but.. the pair simply has got exhausted because of the one way street release of energy all at once for a +130pips move straight.. so the release of energy may not be there for such MOM setups and most likely will turn into a fake out..
the right move on this pair was earlier today from the get go inside the band... i was in it and decided to take the money at the touch of the lower band.. but since it was a strong break it was worth to keep it for longer and bigger profit.. it could not turn any better this.

price will tell you the true picture of the action.. one must distinguish when and where his beloved indicators will fail him.

this is just my views.. do and take out, what makes sense to you.
Attached Image (click to enlarge)
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  • #2,043
  • Jun 30, 2011 7:19am Jun 30, 2011 7:19am
USDCAD - 11 pips

couldn't hold past the original low point of the retracement (and I was having bad connection issues)
Plus - major news coming on both currencies soon so exited

EDIT: Sods law, back down it goes...........
Attached Image (click to enlarge)
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  • #2,044
  • Jun 30, 2011 7:23am Jun 30, 2011 7:23am
gbpusd 1 lot size

edit: closed at 90 pips
Attached Image (click to enlarge)
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  • #2,045
  • Jun 30, 2011 7:40am Jun 30, 2011 7:40am
congrats on a trade well executed

Quoting cmeldatrader
gbpusd 1 lot size

edit: closed at 90 pips
  • #2,046
  • Jun 30, 2011 7:58am Jun 30, 2011 7:58am
Quoting P.Dean
don't hope rock.. life goes on..


okay
  • #2,047
  • Jun 30, 2011 8:00am Jun 30, 2011 8:00am
Quoting duffy

In the interests of people still interested in this sytem and not wanting to bastardised the Kevinator's original thread, is it a sensible idea to start ask jmw1970 (John) to start a spin-off thread? I suggest John ...


Di
Genuis Di,
I second that motion
All in favor ??
  • #2,048
  • Jun 30, 2011 8:05am Jun 30, 2011 8:05am
Quoting jmw1970
that's the problem with auto rescaling on MT4 - the bands can look wide but not many pips

maybe I need to modify the TMA xxx with Distances to display somewhere the total width of the band

what do you think??

though of course standard retracement theory is that it should at least go to the original point of the retracement - and in some thinking it should go to the original + the retracement (the last one did)

I'll leave the fib on after i close the order to see how much of that holds true.
i think and i was going to recommend that, so it will be great if it show the total bands width number at all times.
  • #2,049
  • Edited 8:43am Jun 30, 2011 8:10am | Edited 8:43am
EURUSD - Sell

(little bit worried that a trend change might be taking place though)

EDIT: Stopped out at BE, price could not hold middle band
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-2011.06.30-15.5-5m.gif Size: 31 KB
  • #2,050
  • Jun 30, 2011 8:22am Jun 30, 2011 8:22am
see my last picture, there is an example of my first attempt at implementation

(bottom righthand of screen)


Quoting P.Dean
i think and i was going to recommend that, so it will be great if it show the total bands width number at all times.
  • #2,051
  • Jun 30, 2011 10:40am Jun 30, 2011 10:40am
Quoting CECTrading
What is your thick white line Dehyah? Is it a moving average? It appears to be providing some s/r.
It is Goldenspring's Moving Average and it does provide support and resistant.
With God all things are possible.
  • #2,052
  • Jun 30, 2011 10:42am Jun 30, 2011 10:42am
Quoting jmw1970
see my last picture, there is an example of my first attempt at implementation

(bottom righthand of screen)
it's perfect John.. can we have the new version??
  • #2,053
  • Jun 30, 2011 10:51am Jun 30, 2011 10:51am
These were two wonderful trades that I missed.Sell below beneath and buy above the yellow line.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 29 KB
With God all things are possible.
  • #2,054
  • Jun 30, 2011 10:57am Jun 30, 2011 10:57am
As requested

this is the TMA True indicator, with distances between bid/band (as before) and now with the total distance between the bands

As both TMA True and TMA normal give the same current and previous bar values I am only modifying the true version (this version also uses less CPU processing and is faster on initial load)

Regards
John
Attached File(s)
File Type: mq4 TmaTrue with Distances.mq4   10 KB | 868 downloads
  • #2,055
  • Jun 30, 2011 11:05am Jun 30, 2011 11:05am
Quoting P.Dean
short on G/U Live...

edit.. out for +17.. taking the money and run..
You missed out on a lot of pips with that trade.
With God all things are possible.
  • #2,056
  • Jun 30, 2011 12:05pm Jun 30, 2011 12:05pm
This could be a nice one but it is too close to the middle of the TMA Band.
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With God all things are possible.
  • #2,057
  • Jul 1, 2011 5:21am Jul 1, 2011 5:21am
1 lot size :-)
edit closed: +57 pips
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  • #2,058
  • Jul 1, 2011 5:24am Jul 1, 2011 5:24am
Hey guys, just took an easy 30 pips on the eur/usd. what i have found is if you use heiken ashi instead of candles and wait until price goes over sold or over bought on the tma lines. buy or sell when the heiken ashi changes colour and candle closes as long as it still below or above tma lines. i set my target to the opposit far tma line. the heiken ashi seems to change colour either at the same time as the retracement finder or 1 bar before which gives you that slightly better entry. will keep testing and if anyone interested will let you know how it going.
  • #2,059
  • Jul 1, 2011 5:32am Jul 1, 2011 5:32am
Attached Image (click to enlarge)
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  • #2,060
  • Jul 1, 2011 7:21am Jul 1, 2011 7:21am
could you give me the page or link for got the ultrastochastic color mtf please ?

regards
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