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Extreme TMA System

  • #301
  • Feb 21, 2012 11:33pm Feb 21, 2012 11:33pm
Quoting miw14
Awesome system so far! I finished today with 34 pips.
Good for you. As you get to "feel" the system your results should improve.

Congratulations.
Observation is the path to discovery.
  • #302
  • Feb 21, 2012 11:34pm Feb 21, 2012 11:34pm
Quoting flaw
Al, I followed you from another thread. I admire the way you handle impoliteness. You are a real gentleman.
I'm an old dog (age-wise) trying to learn some new tricks (forex). Thank you for your generosity to share your bread and butter with us. already made some pips in EU.
flaw
Thanks, flaw. We´ll be two old dogs barking together.
Observation is the path to discovery.
  • #303
  • Feb 21, 2012 11:35pm Feb 21, 2012 11:35pm
Quoting Favorite
Maybe it is because of the repainting, but the way I see it: in your first long trade the price never went under the lower band (so you never got signal number one), so you shouldn't entered. And also the price was too close to the median band.
It´s hard to look back because of the repainting, but your analysis looks sound. You are becoming an expert.
Observation is the path to discovery.
  • #304
  • Feb 21, 2012 11:37pm Feb 21, 2012 11:37pm
Quoting MagicMike
I have a question. I went long at the green line in the pic below. Right before I hit the center line I received a bear spike. Would you recommend selling half or getting out of the trade here or should I wait until price has hit at least the center line before exiting any of my position?
In this case, I would continue with the trade. The MA Cross still looks healthy. How is it now?. I don´t follow that pair.
Observation is the path to discovery.
  • #305
  • Feb 21, 2012 11:40pm Feb 21, 2012 11:40pm
From Madrid, buenos días.

Before take a position, do we ned the bar CLOSE with the MA in right colour?
  • #306
  • Feb 21, 2012 11:41pm Feb 21, 2012 11:41pm
Quoting futurespeter
Hello Alorente,

thanks for sharing your time and experience. I appreciate your efforts.

I don't have any problems with the repainting behaviour.

But sliding/ scrolling back will show beautiful wave patterns, setups and spikes withour changing colors etc... Those setups are wrong and an illusion because TMA, MA-Crossover-Histogramm and Extreme_Spikes are repainting, by sliding/ scrolling they support the idea of getting many easy pips.

Again, great started thread and hope we all will make as much pips as possible in real or demo.

Attached...
Yes, but PA doesn´t repaint. What TMA does is reposition itself in the center of PA as it develops. So the wavy patterns do actually exist in PA. That is the point to understand. PA moves in waves, no irrational ups and downs. TMA helps us see that.
Observation is the path to discovery.
  • #307
  • Feb 21, 2012 11:43pm Feb 21, 2012 11:43pm
Quoting MMGood47
In AudUsd NzdUsd and UsdCad for 48 pips, will hit close to 100 if they all make it to the opposite line. Not bad.
Should be a prime opportunity to make an EA to get the trades when we are at work or asleep.
Yes. I can´t wait to have an EA. The conditions are clear and support an EA. We´ll develop one after some more track record.
Observation is the path to discovery.
  • #308
  • Feb 21, 2012 11:46pm Feb 21, 2012 11:46pm
Quoting ManilaSpurs
Ciaooo Alfredo

i was following you on Eval's thread and appreciate that you opened a new one here. tks to your great contribution.

about candletigers problem: i also traded your old system in live and had differences to the trades you showed in the thread as candletigers has.

is it possible that you can make it very clear in your thread messages that either entries and exits you show are illustrating trades (after repaint) or real time trades you have done. i think it would take out a lot of misunderstandings.

i also think its important to show...
Yes. That bothered me last night. When I reread my post, I saw his point. I did not make clear that those where example of the way TMS trades. I will be very careful noting when the trades were real from now on. I was writing none stop yesterday and that was a slip.
Observation is the path to discovery.
  • #309
  • Feb 21, 2012 11:47pm Feb 21, 2012 11:47pm
Quoting itsallover
Can someone please explain how to put multiple charts on two screens?
I included the 2 screen profile with the packet.rar. It´s all done for you.
Observation is the path to discovery.
  • #310
  • Feb 21, 2012 11:49pm Feb 21, 2012 11:49pm
Quoting Ferod
From Madrid, buenos días.

Before take a position, do we ned the bar CLOSE with the MA in right colour?
Yes, but if a previous bar turns color also, even for a moment, the trade is valid because that bar is already closed.
Observation is the path to discovery.
  • #311
  • Feb 21, 2012 11:51pm Feb 21, 2012 11:51pm
Quoting Alorente
Yes. That bothered me last night. When I reread my post, I saw his point. I did not make clear that those where example of the way TMS trades. I will be very careful noting when the trades were real from now on. I was writing none stop yesterday and that was a slip.
Hello Al and everyone

i think may be you should post only live trades, so people have nothing to say on your method...if you can

My EG short hit tp as i moved it around the mid line before going to bed

But Gold didnt hit the tp as i set it close to the down band
What is your advise on gold this morning as it seems to still go up ?
  • #312
  • Feb 21, 2012 11:53pm Feb 21, 2012 11:53pm
Buenos dias Alfredo,

What a crazy thread, it goes really fast, I will not have time for trading, just for reading............

Anyway, when you have time, could you please check post 239, I´m really interested in Recovery Mode.

Gracias amigo
  • #313
  • Feb 21, 2012 11:58pm Feb 21, 2012 11:58pm
Quoting Caillou
Buenas noches Alfredo

Just one question. I'm sure tomorrow you will explain better your Recovery Mode but if a trade goes against you and you open another trade with bigger lot size, you will manage these trades till BE (or a small profit) but you don't take an opposite trade if an opposite signal happens? I mean, when you are in Recovery Mode you are not in Signal to Signal Mode?

Gracias
Correct. In recovery mode, the goal has changed to exit that position at breakeven. You can simultaneously trade another pair though.
Observation is the path to discovery.
  • #314
  • Feb 22, 2012 12:00am Feb 22, 2012 12:00am
Quoting Alorente
Correct. In recovery mode, the goal has changed to exit that position at breakeven. You can simultaneously trade another pair though.

Gracias
  • #315
  • Feb 22, 2012 12:03am Feb 22, 2012 12:03am
Quoting Alex84
Hello Al and everyone

i think may be you should post only live trades, so people have nothing to say on your method...if you can

My EG short hit tp as i moved it around the mid line before going to bed

But Gold didnt hit the tp as i set it close to the down band
What is your advise on gold this morning as it seems to still go up ?
Yes. I will only post live trades. As far as gold is concerned, if you look at the chart, I believe the TMA is implying that the wave down will begin next. I still expect it to drop within that wave down. One reminder though. You should not trade based on my market opinion. I am here to teach you my system and TA and trading, not to make trading decisions. I will listen to your trading ideas also. I´m just one more of you trying to make some money.
Observation is the path to discovery.
  • #316
  • Feb 22, 2012 12:06am Feb 22, 2012 12:06am
I am trying to answer all of your requests, but if I miss any of your posts, please let me know. It is not easy to get every one. As we move forward, I would like a couple of seasoned volunteers to help me run this and answer questions. They will surface when the time is right.
Observation is the path to discovery.
  • #317
  • Feb 22, 2012 12:08am Feb 22, 2012 12:08am
Someone mentioned shorting USDJPY. Be careful shorting the dollar here. I have a feeling the next move for the USD is up. There is clear bottoming work in the Dollar Index. But, yet again, that is just an opinion.
Observation is the path to discovery.
  • #318
  • Feb 22, 2012 12:09am Feb 22, 2012 12:09am
Quoting Alorente
Yes. I will only post live trades. As far as gold is concerned, if you look at the chart, I believe the TMA is implying that the wave down will begin next. I still expect it to drop within that wave down. One reminder though. You should not trade based on my market opinion. I am here to teach you my system and TA and trading, not to make trading decisions. I will listen to your trading ideas also. I´m just one more of you trying to make some money.
No problem
Remember i took this trade on gold before you did...
thanks
  • #319
  • Feb 22, 2012 12:14am Feb 22, 2012 12:14am
Quoting futurespeter
USDJPY short, EP 80.02x

1. PA exceed outer upper band.

2. Extreme Spike at close candle.

3. MA Cross to Close same direction as the spike.
stopped out at SL 80.07x for -5 pips.
  • #320
  • Feb 22, 2012 12:16am Feb 22, 2012 12:16am
A point I want to stress over and over: With this system, the results vary dramatically depending of where PA is in relation to the band when you enter the trade. The further beyond the band it is, the much higher probability of success. Pick the good trades. The ones that are clearly over the band, and you will be very successful with this system. Try not to enter trades that are too close to the center line. Those trades tend to bounce off the center line and retreat for another try to clear the same band. Eventually, yes, the lower band will be hit, but you want to enter just before the final fast drop to it. So patience pays off here.
Observation is the path to discovery.
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