Extreme TMA System | Page 10 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Hennis Extreme TMA System 105 replies

TMA Reality Tour 116 replies

Happs with TMA Trading Journal 25 replies

MTF TMA 287 replies

SnakeForce - simple TMA with alert? 3 replies

Attachments: Extreme TMA System
Exit Attachments

Extreme TMA System

  • #181
  • Feb 21, 2012 12:20pm Feb 21, 2012 12:20pm
Tip:

Look at EURUSD and USDCHF next to each other and compare them. As you can see they are a mirror move of each other. Question: Why should you have taken a USDCHF long instead of a EURUSD short?

Answer: Because EURUSD has the D1 Pivot underneath and USDCHF doesnīt have a resistance level above. Not that the D1Pivot is a magical wall, it is because traders know itīs there and a bunch of them will close their positions when price reaches it, while USDCHF should keep sailing a little longer.

Always bet with the grain and not against it.
Observation is the path to discovery.
  • #182
  • Feb 21, 2012 12:24pm Feb 21, 2012 12:24pm
Al
what would you advise to do on gold as it goes up and touches previous high ?
close and hit a loss ?
  • #183
  • Feb 21, 2012 12:27pm Feb 21, 2012 12:27pm
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.
EURUSD and Nasdaq closed to BE.
Enter Signature
  • #184
  • Edited 12:54pm Feb 21, 2012 12:29pm | Edited 12:54pm
Could someone please assist me: when I bring-up profile Extreme TMA-2 screens I receive the Fatal Error***Data cannot be loaded for 'D1'. I have one screen and set up for 9 pairs, still to no avail. Perhaps I haven't downloaded properly? Thanks.

I have it correct now - thanks
  • #185
  • Feb 21, 2012 12:30pm Feb 21, 2012 12:30pm
Quoting Alex84
sorry
didnt answer this point
just my curiosity
Same first two conditions. The third condition was a price cross of 5 Period MA with Shift 5.
Observation is the path to discovery.
  • #186
  • Feb 21, 2012 12:33pm Feb 21, 2012 12:33pm
Does the MTF HA shown on some of your charts have any use or do you use it for some little tweak?
Thanks
If you think I'm mad, I must be mad
  • #187
  • Feb 21, 2012 12:34pm Feb 21, 2012 12:34pm
Quoting Alorente
Tip:

Look at EURUSD and USDCHF next to each other and compare them. As you can see they are a mirror move of each other. Question: Why should you have taken a USDCHF long instead of a EURUSD short?

Answer: Because EURUSD has the D1 Pivot underneath and USDCHF doesnīt have a resistance level above. Not that the D1Pivot is a magical wall, it is because traders know itīs there and a bunch of them will close their positions when price reaches it, while USDCHF should keep sailing a little longer.

Always bet with the grain and not against it.
What do you have for the DP on the chief?
  • #188
  • Feb 21, 2012 12:37pm Feb 21, 2012 12:37pm
Quoting Alex84
Al
what would you advise to do on gold as it goes up and touches previous high ?
close and hit a loss ?
What I do is always trade with only 4% of my account maximum per position. When I get a situation like Gold that is way above the upper band and I know from past experience that sooner or later it will spring down to the lower band, is double up when itīs 100 pips against me. Another hundred pips and I increase 50%. Itīs called recovery trading. I will post tomorrow the guidelines on this. Again, if your position is small like it should be, you have nothing to worry about. If you screwed up and bet the farm on it, then I would take the loss. Right after you do, the thing will probably drop like a rock. Havenīt we seen that movie a thousand times?
Observation is the path to discovery.
  • #189
  • Feb 21, 2012 12:40pm Feb 21, 2012 12:40pm
Quoting goldsurfer
What do you have for the DP on the chief?
I think the USD is bottoming and is going to spring forward big time in the next few days, bringing the euro, gold and other majors down. But that is just what I think. That and 25 cents will buy you a stick of gum.
Observation is the path to discovery.
  • #190
  • Feb 21, 2012 12:42pm Feb 21, 2012 12:42pm
Quoting Alorente
I think the USD is bottoming and is going to spring forward big time in the next few days, bringing the euro, gold and other majors down. But that is just what I think. That and 25 cents will buy you a stick of gum.
If i was you AL, I'd check that new pivot indicator comer made, maybe not showing up on all currencies.....

cheers
  • #191
  • Feb 21, 2012 12:42pm Feb 21, 2012 12:42pm
Quoting futurespec
Does the MTF HA shown on some of your charts have any use or do you use it for some little tweak?
Thanks
As I mentioned on Page 1, it is not necessary for trading. I like to look at it occasionally to see what the trends look like in several time frames. But honestly? I donīt see any real validity to it. Itīs more psychological than anything else.
Observation is the path to discovery.
  • #192
  • Feb 21, 2012 12:43pm Feb 21, 2012 12:43pm
Quoting Alorente
What I do is always trade with only 4% of my account maximum per position. When I get a situation like Gold that is way above the upper band and I know from past experience that sooner or later it will spring down to the lower band, is double up when itīs 100 pips against me. Another hundred pips and I increase 50%. Itīs called recovery trading. I will post tomorrow the guidelines on this. Again, if your position is small like it should be, you have nothing to worry about. If you screwed up and bet the farm on it, then I would take the loss. Right...
OK
Waiting for your next post with guidelines

do you think we can now have a new sell signal on gold as we're making a new high ?
  • #193
  • Feb 21, 2012 12:43pm Feb 21, 2012 12:43pm
Quoting goldsurfer
If i was you AL, I'd check that new pivot indicator comer made, maybe not showing up on all currencies.....

cheers
I put it in the packet and it is loaded in the templates also.
Observation is the path to discovery.
  • #194
  • Feb 21, 2012 12:45pm Feb 21, 2012 12:45pm
Quoting goldsurfer
If i was you AL, I'd check that new pivot indicator comer made, maybe not showing up on all currencies.....

cheers
yes it looks it has a bug
doesnt display on many pairs
  • #195
  • Feb 21, 2012 12:46pm Feb 21, 2012 12:46pm
Quoting Alex84
OK
Waiting for your next post with guidelines

do you think we can now have a new sell signal on gold as we're making a new high ?
There are huge divergences in gold as we speak. Also, it is hitting the R5 resistance level. I just entered a short thanks to you. Iīve been so busy that escaped me during the day.
Observation is the path to discovery.
  • #196
  • Feb 21, 2012 12:47pm Feb 21, 2012 12:47pm
Quoting Alorente
I put it in the packet and it is loaded in the templates also.
I didn't say I don't have it.....check it against another pivot indy....I'm saying I think it's got bugs! sssh!!
  • #197
  • Feb 21, 2012 12:49pm Feb 21, 2012 12:49pm
Quoting Alex84
yes it looks it has a bug
doesnt display on many pairs
I noticed that. Maybe we should ask Comer about it. I would but Iīm non stop typing and answering PMs, emails, Ufff !!
Observation is the path to discovery.
  • #198
  • Feb 21, 2012 12:50pm Feb 21, 2012 12:50pm
Quoting Alorente
There are huge divergences in gold as we speak. Also, it is hitting the R5 resistance level. I just entered a short thanks to you. Iīve been so busy that escaped me during the day.
what i meant to ask, can we have a new sell signal according to the 3 rules, so same signal than previous one, even if we didnt' have a long signal between ?
  • #199
  • Feb 21, 2012 12:52pm Feb 21, 2012 12:52pm
Quoting Alorente
I noticed that. Maybe we should ask Comer about it. I would but Iīm non stop typing and answering PMs, emails, Ufff !!
I wouldn't ask comer about since evidently he doesn't know how to program pivots on multi-currencies.....use a working pivot indy....the best maker of pivots I know of is Trader at Home or something like that....but I use a real old one of his that I am familiar with and it may 'cause others problems or I would post...he has it posted in a thread....Sonic something...popular thread.


cheers
  • #200
  • Feb 21, 2012 12:52pm Feb 21, 2012 12:52pm
Quoting Alorente
I noticed that. Maybe we should ask Comer about it. I would but Iīm non stop typing and answering PMs, emails, Ufff !!
i send him a pm for that
keep doing your job !
3 traders viewing now