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Extreme TMA System

  • #101
  • Feb 21, 2012 10:15am Feb 21, 2012 10:15am
Quoting maudur
Al.

Are many pairs that I see. Still do not know if I exit when GBPJPY touche the opposite band or if are I using signal to signal. I think it's best to use signal to signal only with one pair for now to learn more about the strategy. For me it pair is EURUSD.

What do you think?
I agree. First learn the system well, then you can move to Signal to Signal. For now take your profits while you learn.
Observation is the path to discovery.
  • #102
  • Feb 21, 2012 10:18am Feb 21, 2012 10:18am
Quoting ttaro27
Euh... you must be refering to atr settings, the indi comes set at 100. Ok lets try 300
No. I mean the ATR Multiplier. Leave ATR at 100.
Observation is the path to discovery.
  • #103
  • Feb 21, 2012 10:19am Feb 21, 2012 10:19am
On my EURUSD my condition 2 is done. I have a Bear Spike, so now I look for a red color on the MA Cross bar and a close on red and Iīm in with a short.
Observation is the path to discovery.
  • #104
  • Feb 21, 2012 10:20am Feb 21, 2012 10:20am
A, you ever take a trade when price pulls back and closes below/above the
H/L band? Example current would be CHF/JPY, but the histo may have repainted on the chart.
  • #105
  • Feb 21, 2012 10:23am Feb 21, 2012 10:23am
Quoting goldsurfer
I guess I woulda taken that one, it was even rejected by the pivot three times...there is a very similar system thread in the factory not using the TMA but is based on extreme(semaphor) and pivot rejection. But I see what your saying...the HA candle closed above the lower band.

cheers
Itīs a good short now when the bar closes red. A great short. It will be a while before it changes color though.
Observation is the path to discovery.
  • #106
  • Feb 21, 2012 10:26am Feb 21, 2012 10:26am
Quoting Alorente
On my EURUSD my condition 2 is done. I have a Bear Spike, so now I look for a red color on the MA Cross bar and a close on red and Iīm in with a short.
Al. From now in EURUSD I'm going with you signal to signal.

I waiting to Color Change too.
Enter Signature
  • #107
  • Feb 21, 2012 10:26am Feb 21, 2012 10:26am
By the way, I always leave the order open at night with this system. What I do is set as a target price the level of the opposite band. Most of the time you wake up with the trade closed and the profit in your account. Just make sure you set your emergency SL. I donīt leave it open over the weekend though.
Observation is the path to discovery.
  • #108
  • Feb 21, 2012 10:32am Feb 21, 2012 10:32am
Another tip:

If you are trading the euro, keep an eye on the USD pairs, like USDCAD or USDCHF. If you see they are very overextended, that may mean the Euro will also turn soon. Since the EUR moves against the dollar, a change in the direction of the dollar in other currencies will affect the EUR right after. Sometimes I get a 5 or 10 second jump on the market by checking the other pairs, thatīs why I like to have the 18 charts on my screens.
Observation is the path to discovery.
  • #109
  • Feb 21, 2012 10:33am Feb 21, 2012 10:33am
Quoting Alorente
Itīs a good short now when the bar closes red. A great short. It will be a while before it changes color though.
I'm getting lostCHF/JPY the HA is red now, but it is 13 pips or so below the upper band, at least on my chart.
  • #110
  • Feb 21, 2012 10:33am Feb 21, 2012 10:33am
Quoting Alorente
No. I mean the ATR Multiplier. Leave ATR at 100.
Ok, got it! You said the setting had to be change from 200 to 300, but in the indi it was 2.0, so the misunderstanding.

Thank you!
  • #111
  • Feb 21, 2012 10:35am Feb 21, 2012 10:35am
Quoting ttaro27
Ok, got it! You said the setting had to be change from 200 to 300, but in the indi it was 2.0, so the misunderstanding.

Thank you!
Iīm sorry. Donīt know what I was thinking change from 2.0 to 3.0.
Observation is the path to discovery.
  • #112
  • Feb 21, 2012 10:37am Feb 21, 2012 10:37am
Quoting goldsurfer
I'm getting lostCHF/JPY the HA is red now, but it is 13 pips or so below the upper band, at least on my chart.
No. You misunderstood me. I donīt mean the color of the Heiken Ashi candle. I mean the color of the MA Cross bar. That needs to turn red to go short. The color of the HA candle is not an issue. You should read the conditions on Page 1 3 or 4 times until they are crystal clear on your mind. If you have any quesdtions let me know.
Observation is the path to discovery.
  • #113
  • Edited 11:00am Feb 21, 2012 10:41am | Edited 11:00am
Quoting Alorente
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.
Alorente
thanks for sharing again...

so if the spike was already there (without the white band inside) then the ma cross closed with the good color, but now PA is not outside the band, it's inside the bands, but it went outside the bands before the ma cross color close, is the signal still valid ?

thanks

EDIT : sorry al, i was posting while reading, i found the answer to my question further
  • #114
  • Feb 21, 2012 10:41am Feb 21, 2012 10:41am
There is a great trade shaping up on EURGBP. Price is way above the top band. all it needs is the red bar on MA cross for a short. Thatīs the best trade right now.
Observation is the path to discovery.
  • #115
  • Feb 21, 2012 10:43am Feb 21, 2012 10:43am
Quoting Alex84
Alorente
thanks for sharing again...

so if the spike was already there (without the white band inside) then the ma cross closed with the good color, but now PA is not outside the band, it's inside the bands, but it went outside the bands before the ma cross color close, is the signal still valid ?

thanks
Yes but look at EURGBP. Much better trade. Way above the top band. Better risk/Reward
Observation is the path to discovery.
  • #116
  • Feb 21, 2012 10:45am Feb 21, 2012 10:45am
Quoting Alorente
No. You misunderstood me. I donīt mean the color of the Heiken Ashi candle. I mean the color of the MA Cross bar. That needs to turn red to go short. The color of the HA candle is not an issue. You should read the conditions on Page 1 3 or 4 times until they are crystal clear on your mind. If you have any quesdtions let me know.
No I understand the conditions, but you said the CHF/JPY was a good short when it turns red, I'm saying it's not anywhere near over the TMA upper band yet....hopefully you'll be posting charts for the trades you make 'cause you seem to be contradicting yourself from time to time but understand my brain is small

cheers

ma is turning red now but the price now is practically on the middle band
  • #117
  • Feb 21, 2012 10:45am Feb 21, 2012 10:45am
Quoting Alex84
Alorente
thanks for sharing again...

so if the spike was already there (without the white band inside) then the ma cross closed with the good color, but now PA is not outside the band, it's inside the bands, but it went outside the bands before the ma cross color close, is the signal still valid ?

thanks
To answer your question clearly:

Once price touches or goes above the opposite band, you start looking to reverse the order with condition 2 and 3. If 2 and 3 happen, price can be inside the band and you can still place the order, but the higher it is, the better the risk/reward.
Observation is the path to discovery.
  • #118
  • Feb 21, 2012 10:48am Feb 21, 2012 10:48am
Because I know the system well, I jumped the gun and shorted half of my position on EURGBP without condition 3, because the trade is realy juicy. I donīt recommend you do those things though until you master the system.
Observation is the path to discovery.
  • #119
  • Feb 21, 2012 10:49am Feb 21, 2012 10:49am
Quoting goldsurfer
No I understand the conditions, but you said the CHF/JPY was a good short when it turns red, I'm saying it's not anywhere near over the TMA upper band yet....hopefully you'll be posting charts for the trades you make 'cause you seem to be contradicting yourself from time to time but understand my brain is small

cheers

ma is turning red now but the price now is practically on the middle band
...i think the confusion was that A was talking about EU at the time and not CJ
  • #120
  • Feb 21, 2012 10:50am Feb 21, 2012 10:50am
Quoting Alex84
Alorente
thanks for sharing again...

so if the spike was already there (without the white band inside) then the ma cross closed with the good color, but now PA is not outside the band, it's inside the bands, but it went outside the bands before the ma cross color close, is the signal still valid ?

thanks
Alex, another thing. A Spike with the thin line is still valid to take a trade, it is just a little riskier but I take trades with spikes with thin lines when I see condition 3 happen.
Observation is the path to discovery.
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