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Extreme TMA System

  • #161
  • Feb 21, 2012 11:56am Feb 21, 2012 11:56am
Hi Alorente,

Don't usually follow the trade systems threads but yours caught my eye.

1 Q please.
You show the MTF HA but I cannot find where you use it ... does it have any use in your system?
Thanks.
and congrats on the interest in your thread.
If you think I'm mad, I must be mad
  • #162
  • Feb 21, 2012 11:58am Feb 21, 2012 11:58am
Quoting Alorente
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.

Hmmm, couldn't an indicator be made to show currencies outside the bands?
  • #163
  • Feb 21, 2012 11:58am Feb 21, 2012 11:58am
this eurusd short is a bit too slow for my taste. i'm not sure it's going to be a winner
  • #164
  • Feb 21, 2012 11:59am Feb 21, 2012 11:59am
Quoting Alorente
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?
.
depends...

do your friends drink wine and beer while hunting ?
  • #165
  • Feb 21, 2012 11:59am Feb 21, 2012 11:59am
Quoting hardearned
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?
Correct. In this case I left 2 lots opened with EURUSD and put the rest on EURGBP. Other times, I may close the trade altogether and open it in a latter situation. The point is, flexibility is key in trading. You put your money where there is less risk and more reward. Sometimes Iīll go a full week signal to signal, sometimes Iīm in 6 different positions at a time. Thatīs why 15M bars are better then 5M, it gives you the time to strategize.
Observation is the path to discovery.
  • #166
  • Feb 21, 2012 12:00pm Feb 21, 2012 12:00pm
Quoting Alex84
depends...

do your friends drink wine and beer while hunting ?
No, they would end up shooting each other...
Observation is the path to discovery.
  • #167
  • Feb 21, 2012 12:01pm Feb 21, 2012 12:01pm
Thank you for the thread. I have to ask for how long time do you use it on live account?
Aut cum scuto, aut in scuto
  • #168
  • Feb 21, 2012 12:02pm Feb 21, 2012 12:02pm
Quoting bobmorloc
this eurusd short is a bit too slow for my taste. i'm not sure it's going to be a winner
i exited this short eu
the pa was to much inside the bands while points 2 and 3 met conditions
we shouldnt have taken this short
that's why al explains the interest of having 18 charts : chose only the best opportunities

am i correct teacher Al ?
  • #169
  • Feb 21, 2012 12:02pm Feb 21, 2012 12:02pm
oops i was writing my post and eur usd hit first target (12 pips). BE now
  • #170
  • Feb 21, 2012 12:02pm Feb 21, 2012 12:02pm
Quoting maudur
Al,

In all cases when the low volatility, the system must be affected. Truth?
It still works. True, you make more pips with high volatility. I had a day a month ago of over 500 pips, but that is very abnormal. The normal range for this system is 150 to 250. Today may be better than that. There are bad days too. Donīt think this is the Holy Grail or the Fountain of Youth... I wish... Iīm 61 and getting older.
Observation is the path to discovery.
  • #171
  • Feb 21, 2012 12:04pm Feb 21, 2012 12:04pm
Because I have the D1 Pivot under the center line on EURUSD, I closed one lot and left just one open, just in case...
Observation is the path to discovery.
  • #172
  • Feb 21, 2012 12:06pm Feb 21, 2012 12:06pm
Quoting Alex84
i exited this short eu
the pa was to much inside the bands while points 2 and 3 met conditions
we shouldnt have taken this short
that's why al explains the interest of having 18 charts : chose only the best opportunities

am i correct teacher Al ?
You are correct. Still, EURUSD may go all the way to the other band but you play the probabilities. So good job taking profit Alex !!!
Observation is the path to discovery.
  • #173
  • Feb 21, 2012 12:07pm Feb 21, 2012 12:07pm
Quoting goldsurfer
Hmmm, couldn't an indicator be made to show currencies outside the bands?
Yes, TMA.
Enter Signature
  • #174
  • Feb 21, 2012 12:08pm Feb 21, 2012 12:08pm
Quoting Alorente
It still works. True, you make more pips with high volatility. I had a day a month ago of over 500 pips, but that is very abnormal. The normal range for this system is 150 to 250. Today may be better than that. There are bad days too. Donīt think this is the Holy Grail or the Fountain of Youth... I wish... Iīm 61 and getting older.
when you say 150 to 250 ist it daily ?
is it managing the 18 pairs ?
before eval and comer posted the ma cross histo and the extreme spike indies, what indies were you using to make this profits ?

thanks
  • #175
  • Feb 21, 2012 12:10pm Feb 21, 2012 12:10pm
Quoting profitmonit
Thank you for the thread. I have to ask for how long time do you use it on live account?
I have been trading this system for over 8 months. I just changed a couple of things this weekend, changing the condition 3 thanks to realjumper who illuminated me with some trades he did. I had a slightly different entry 3rd condition, but the guts of this system is the TMA outer band entry. That is 80% of its success.
Observation is the path to discovery.
  • #176
  • Feb 21, 2012 12:13pm Feb 21, 2012 12:13pm
Quoting Alex84
when you say 150 to 250 ist it daily ?
is it managing the 18 pairs ?
before eval and comer posted the ma cross histo and the extreme spike indies, what indies were you using to make this profits ?

thanks
Yes. That is daily profit working with the 18 pairs and making good entries and following the rules. Most of the time when I lose, itīs because I screwed up or I didnt follow the rules. The system is solidīand rarely lets me down. But dont expect to get this from day one !! It takes time to become one with your system.
Observation is the path to discovery.
  • #177
  • Feb 21, 2012 12:15pm Feb 21, 2012 12:15pm
Quoting maudur
Yes, TMA.
No foolin

All, like a meter

cheers
  • #178
  • Feb 21, 2012 12:16pm Feb 21, 2012 12:16pm
Al,

At this moment Gold is changing color (MAs crossing). What do you make in this cases? Close the trade or wait to SL or pullback?

Thanks.
Enter Signature
  • #179
  • Feb 21, 2012 12:18pm Feb 21, 2012 12:18pm
Quoting Alex84
before eval and comer posted the ma cross histo and the extreme spike indies, what indies were you using
thanks
sorry
didnt answer this point
just my curiosity
  • #180
  • Feb 21, 2012 12:18pm Feb 21, 2012 12:18pm
Quoting Alorente
Yes. That is daily profit working with the 18 pairs and making good entries and following the rules. Most of the time when I lose, itīs because I screwed up or I didnt follow the rules. The system is solidīand rarely lets me down. But dont expect to get this from day one !! It takes time to become one with your system.
Avg. number of trades you make daily and what hrs.?
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