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Extreme TMA System

  • #141
  • Feb 21, 2012 11:32am Feb 21, 2012 11:32am
Quoting Alorente
Another tip:

For example EURGBP right now. We are waiting for condition 3 . But as you can see, even though the current bar hasnīt closed, the previous bar which is closed has also turned read. That nakes condition 3 valid and you can enter the short. I hope this is clear. Let me know if it isnīt.
Now 4 bars have turned Red. Please let me know if you understand this point. Even if the current bar hasnīt closed, if a previous bar turns for an instant the color that you are looking for, since that bar is closed, the condition is valid and you can enter the trade Clear? Yes or no?
Observation is the path to discovery.
  • #142
  • Feb 21, 2012 11:32am Feb 21, 2012 11:32am
does anyone have a script that opens a trade without having to chose lot size and pair and sl and tp ?

i would like this script with a % risk included

that would be much easier to trade this system

we still can modify it with meta editor further

thanks
  • #143
  • Feb 21, 2012 11:32am Feb 21, 2012 11:32am
I'm short in:

EURUSD at 1.32560
EURGBP at 0.83867
Gold at 1753.27
Nasdaq at 2593.75

Wait to see how its goes.
Enter Signature
  • #144
  • Feb 21, 2012 11:34am Feb 21, 2012 11:34am
Quoting bobmorloc
is ther a short signal on eurusd now ? i think there is ....
Yes but not a good trade for two reasons:

1- Price is too close to the center line.

2- The D1 Pivot is right under the center line. A lot of support there. EURGBP is better.
Observation is the path to discovery.
  • #145
  • Feb 21, 2012 11:34am Feb 21, 2012 11:34am
Quoting maudur
I'm short in:

EURUSD at 1.32560
EURGBP at 0.83867
Gold at 1753.27
Nasdaq at 2593.75

Wait to see how its goes.
I as well.....
  • #146
  • Feb 21, 2012 11:35am Feb 21, 2012 11:35am
Quoting Alorente
Now 4 bars have turned Red. Please let me know if you understand this point. Even if the current bar hasnīt closed, if a previous bar turns for an instant the color that you are looking for, since that bar is closed, the condition is valid and you can enter the trade Clear? Yes or no?
Totally clear, so we do not have to wait for the closure of the current candle.

Thank you very much Al.
Enter Signature
  • #147
  • Feb 21, 2012 11:35am Feb 21, 2012 11:35am
Quoting Alorente
Yes but not a good trade for two reasons:

1- Price is too close to the center line.

2- The D1 Pivot is right under the center line. A lot of support there. EURGBP is better.
Dont get me wrong, it will very probably result in a win, but there is lower hanging fruit out there.
Observation is the path to discovery.
  • #148
  • Feb 21, 2012 11:36am Feb 21, 2012 11:36am
Quoting maudur
I'm short in:

EURUSD at 1.32560
EURGBP at 0.83867
Gold at 1753.27
Nasdaq at 2593.75

Wait to see how its goes.
What is the symbol for Nasdaq?
Observation is the path to discovery.
  • #149
  • Feb 21, 2012 11:37am Feb 21, 2012 11:37am
Quoting Alorente
What is the symbol for Nasdaq?
#nas100h2 in my Broker.
Enter Signature
  • #150
  • Feb 21, 2012 11:38am Feb 21, 2012 11:38am
Quoting Alorente
Dont get me wrong, it will very probably result in a win, but there is lower hanging fruit out there.
ok it's clear. thanks
  • #151
  • Feb 21, 2012 11:38am Feb 21, 2012 11:38am
Can you guys let me know if you are using one or two screens and if you are using many small charts or only one chart? Iīll right it down and when I talk to you Iīll know what to tell you and what not to tell you. Thanks.
Observation is the path to discovery.
  • #152
  • Feb 21, 2012 11:39am Feb 21, 2012 11:39am
Quoting Alorente
Dont get me wrong, it will very probably result in a win, but there is lower hanging fruit out there.
Al,

In all cases when the low volatility, the system must be affected. Truth?
Enter Signature
  • #153
  • Feb 21, 2012 11:41am Feb 21, 2012 11:41am
Quoting rivtrader
Al,

When I read your exit rules and see " when the MA cross flashes a bar with the opposite color", does that mean the candle has closed or does it mean -as soon as I see an MA change color?

Thanks
Read post #138. Itīs the MA bar thatīs important not the candle. After condition one is valid, you donīt even need to look at the candles anymore. Just at the Spike and MA cross.
Observation is the path to discovery.
  • #154
  • Feb 21, 2012 11:41am Feb 21, 2012 11:41am
Quoting Alorente
Can you guys let me know if you are using one or two screens and if you are using many small charts or only one chart? Iīll right it down and when I talk to you Iīll know what to tell you and what not to tell you. Thanks.
I only use one screen with one chart. I've 21 pairs.

When I see a possible entry, I moved the chart to the left at the beginning.
Enter Signature
  • #155
  • Feb 21, 2012 11:46am Feb 21, 2012 11:46am
Quoting Alorente
Can you guys let me know if you are using one or two screens and if you are using many small charts or only one chart? Iīll right it down and when I talk to you Iīll know what to tell you and what not to tell you. Thanks.
Using 2 screens, but your template only shows one pair? Do I have to manually add other pairs and make them smaller to fit?
  • #156
  • Feb 21, 2012 11:47am Feb 21, 2012 11:47am
i only look eurusd. just one screen....
  • #157
  • Feb 21, 2012 11:47am Feb 21, 2012 11:47am
Quoting Alorente
Can you guys let me know if you are using one or two screens and if you are using many small charts or only one chart? Iīll right it down and when I talk to you Iīll know what to tell you and what not to tell you. Thanks.
8 charts on 1 screen
small tpl (without ha matrix)
  • #158
  • Feb 21, 2012 11:47am Feb 21, 2012 11:47am
Hereīs an analogy of why I think having the 18 charts on two screens is so important.

I make a bet with a fellow hunter to see who can hunt more rabbits next Sunday. We go to the hunting grounds and my friend goed his way to hunt. I cheated and I hired 17 guys to cover different areas of the hunting ground and hunt rabbits for me, while I cover another. At the end of the day, who do you think will have more rabbits?

Translation: 18 Charts hunt more pips than one.
Observation is the path to discovery.
  • #159
  • Feb 21, 2012 11:49am Feb 21, 2012 11:49am
Quoting distantpulse
Using 2 screens, but your template only shows one pair? Do I have to manually add other pairs and make them smaller to fit?
No. I included another template: Extreme TMA - Small. That creates the small charts. Then I included a folder with an 18 chart profile. Read. Page 1. It is explained there.
Observation is the path to discovery.
  • #160
  • Feb 21, 2012 11:51am Feb 21, 2012 11:51am
Quoting Alorente
Yes but not a good trade for two reasons:

1- Price is too close to the center line.

2- The D1 Pivot is right under the center line. A lot of support there. EURGBP is better.
Hi Al

Even though Eu is not a good short. If you are doing signal to signal you would have to close your long and enter short. Is that correct?
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