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Extreme TMA System

  • #61
  • Feb 21, 2012 6:22am Feb 21, 2012 6:22am
Quoting Alorente
I´m sure it was a signal for you. Read post my last post that redefines the conditions.
OK, so the spike and colour change need to happen simultaneously on close? I ask because you ANDed these criteria in post 53.
  • #62
  • Feb 21, 2012 6:23am Feb 21, 2012 6:23am
Quoting Alorente
It is successful signal to signal and with a stop loss one way too. I will tell you that my stop of 100 pips has not been hit once and I´ve been trading this for a while now. Most of the time, when you get the three signals, price rebounds to the opposite band. It is also important to note that the center line of the TMA acts as a support resistance level, so it´s not uncommon for PA to pause there before continuing to the opposite band.
Interesting, thanks!
  • #63
  • Feb 21, 2012 6:25am Feb 21, 2012 6:25am
Another point: If you set your profile to 9 or 18 charts, you will spot many more opportunities for trades. Once you feel comfortable with the system, you will probably move on to the 2 screen profile with 18 charts like I use. This is a 15M TF so there is plenty of time to check all 18 charts sporadically.
Observation is the path to discovery.
  • #64
  • Feb 21, 2012 6:27am Feb 21, 2012 6:27am
Quoting ChowClown
OK, so the spike and colour change need to happen simultaneously on close? I ask because you ANDed these criteria in post 53.
No. The spike can be there several bars before the color change, but it is important that both are there when the bar closes with a color change.
Observation is the path to discovery.
  • #65
  • Feb 21, 2012 6:30am Feb 21, 2012 6:30am
In other words:

First you look ONLY for the PA to go beyond the band.

Second you look Only for the spike.

Third you look ONLY for the color change. The moment the bar closes with the color change you double check to make sure that the spike is there and you place the trade.

I hope it is clear now. I´ll have to rewrite the conditions on page 1.
Observation is the path to discovery.
  • #66
  • Feb 21, 2012 6:30am Feb 21, 2012 6:30am
Not being familiar with TMA, I assume you are very familiar and have studied for long period of time? We do know some of the Indys being incorporated are brand new recently created by FF member comer.

cheers
  • #67
  • Feb 21, 2012 6:34am Feb 21, 2012 6:34am
Quoting Alorente
In other words:

First you look ONLY for the PA to go beyond the band.

Second you look Only for the spike.

Third you look ONLY for the color change. The moment the bar closes with the color change you double check to make sure that the spike is there and you place the trade.

I hope it is clear now. I´ll have to rewrite the conditions on page 1.
Great! Crystal..many thanks for sharing your work with us.
  • #68
  • Feb 21, 2012 6:35am Feb 21, 2012 6:35am
Another point. Let´s say you see the PA beyond the band, and lets say by the time you get the other two conditions the PA sneaked under the band. You can still take the trade. Obviously, the farther away it is on the far side of the band, the more profitable the trade will be, but the trade can still be taken if you choose to do so once PA drops back below the bars. At that moment it becomes a matter of risk reward. That´s why I like to look at 18 charts, because you can choose the most obvious and better trades from all of them.
Observation is the path to discovery.
  • #69
  • Feb 21, 2012 6:36am Feb 21, 2012 6:36am
Quoting goldsurfer
Not being familiar with TMA, I assume you are very familiar and have studied for long period of time? We do know some of the Indys being incorporated are brand new recently created by FF member comer.

cheers
Yes. The Triangular Moving Average. I´ve been using it for quite a while.
Observation is the path to discovery.
  • #70
  • Feb 21, 2012 6:42am Feb 21, 2012 6:42am
I think of the TMA repaints as the smoke trails from a jet airplane in the sky. The same way the wind will move the trails, so those future price action move the past parameters of the TMA. It will always center itself to the price action to form subtle cycles of movement over time.

Once you become proficient with it and get the feel of it. You will almost anticipate where it wants to go next.
Observation is the path to discovery.
  • #71
  • Feb 21, 2012 6:42am Feb 21, 2012 6:42am
Quoting Alorente
Yes. The Triangular Moving Average. I´ve been using it for quite a while.
Is time of day less important for this method than say M1/M5 day trading where your looking for high volatility?
  • #72
  • Feb 21, 2012 6:45am Feb 21, 2012 6:45am
Quoting goldsurfer
Is time of day less important for this method than say M1/M5 day trading where your looking for high volatility?
Yes. You can trade this 24 hours and the TMA will still give you the same wave effect. It is a good 24 hour system.
Observation is the path to discovery.
  • #73
  • Feb 21, 2012 6:49am Feb 21, 2012 6:49am
To get a good "feel" for TMA, zoom out your chart totally and turn off Autoscroll. Now slide the chart months back and you´ll see the wave patterns repeat over and over. Those wave patterns are what produce the excesses in pricing beyond the bands.
Observation is the path to discovery.
  • #74
  • Feb 21, 2012 6:57am Feb 21, 2012 6:57am
Quoting Alorente
Important: This system will work much better on 15M Time Frame. I have not tested it in other Time Frames.
How do you know if it works better on 15M if you haven't tested it on other time frames?

Is this your primary system you are using now?
  • #75
  • Feb 21, 2012 7:02am Feb 21, 2012 7:02am
Quoting Kendal
How do you know if it works better on 15M if you haven't tested it on other time frames?

Is this your primary system you are using now?
Yes, it is the system I trade every day. Sometimes I enter a smaller trade with a Symphonie signal ot THV signal, but this is my bread and butter. The reason I don´t like other time frames with TMA is that price tends to overshoot the bands by much more on smaller time frames and sometimes it stops short on longer time frames. You can adjust that by changing the parameters on TMS, but I haven´t done it. 15M works fine for me.
Observation is the path to discovery.
  • #76
  • Feb 21, 2012 7:04am Feb 21, 2012 7:04am
Quoting Kendal
How do you know if it works better on 15M if you haven't tested it on other time frames?

Is this your primary system you are using now?
You can change the ATR multiplier to 3 for wider distance between the bars or 1.5 for smaller.
Observation is the path to discovery.
  • #77
  • Feb 21, 2012 7:25am Feb 21, 2012 7:25am
Congratulations!

¡Enhorabuena Alfredo! Tu trabajo tiene una muy buena pinta y voy a seguirlo para ver si da los resultados que parece prometer. Qué bueno que el español se vaya viendo por aquí.

Fernando.
  • #78
  • Feb 21, 2012 7:28am Feb 21, 2012 7:28am
Quoting Ferod
Congratulations!

¡Enhorabuena Alfredo! Tu trabajo tiene una muy buena pinta y voy a seguirlo para ver si da los resultados que parece prometer. Qué bueno que el español se vaya viendo por aquí.

Fernando.
Gracias, Fernando.
Observation is the path to discovery.
  • #79
  • Feb 21, 2012 7:31am Feb 21, 2012 7:31am
What kind of live results have you been getting for the Signal to Signal approach?
  • #80
  • Feb 21, 2012 7:34am Feb 21, 2012 7:34am
Alorente,
Thanx for a wonderful system
.... laughing all the way to the bank
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