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Extreme TMA System

  • #321
  • Feb 22, 2012 2:17am Feb 22, 2012 2:17am
Quoting futurespeter
stopped out at SL 80.07x for -5 pips.

Me too
  • #322
  • Feb 22, 2012 2:19am Feb 22, 2012 2:19am
i took a short on uy, all 3 condtions were met but then the price went straight up, the bands repainted and we can't even see anymore the signal on the chart
I didn't set a SL
now my entry price is on the lower band
what do you advise Al ?
a recovery trade ?
How many pips ?
What size ?
  • #323
  • Feb 22, 2012 2:21am Feb 22, 2012 2:21am
Another point. The ideal trades are those that go with the flow of the TMA. In other words, If you are shorting, you want the TMA to be level or dropping at that moment, not rising steeply. It makes sense. If it is rising steeply, the lower band will be rising also and the profit potential will be reduced as time goes by. If the TMA is dropping when you short, the lower band is moving away from PA so your profit will improve. Many of the trades occur when the TMA is level after having a strong rise, like for example where Gold is right now.
Observation is the path to discovery.
  • #324
  • Feb 22, 2012 2:26am Feb 22, 2012 2:26am
Quoting Alorente
Another point. The ideal trades are those that go with the flow of the TMA. In other words, If you are shorting, you want the TMA to be level or dropping at that moment, not rising steeply. It makes sense. If it is rising steeply, the lower band will be rising also and the profit potential will be reduced as time goes by. If the TMA is dropping when you short, the lower band is moving away from PA so your profit will improve. Many of the trades occur when the TMA is level after having a strong rise, like for example where Gold is right now.

Yes, quite so. I don't see this system as different from the other systems in as much as it makes sense to follow the trend, not fight it, and patience is the key in FX trading, no matter what the system is. If there is no high probability trade available today, so be it......keep your money in your pocket and see what tomorrow brings. The market is not going to end today!!! Keeping your capital safe is a priority.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #325
  • Feb 22, 2012 2:27am Feb 22, 2012 2:27am
Quoting Alorente
Another point. The ideal trades are those that go with the flow of the TMA. In other words, If you are shorting, you want the TMA to be level or dropping at that moment, not rising steeply. It makes sense. If it is rising steeply, the lower band will be rising also and the profit potential will be reduced as time goes by. If the TMA is dropping when you short, the lower band is moving away from PA so your profit will improve. Many of the trades occur when the TMA is level after having a strong rise, like for example where Gold is right now.
ok about gold
but about uy, the bands were quite flat before i took the trade
then they went straight up
  • #326
  • Feb 22, 2012 2:28am Feb 22, 2012 2:28am
Quoting Alex84
i took a short on uy, all 3 condtions were met but then the price went straight up, the bands repainted and we can't even see anymore the signal on the chart
I didn't set a SL
now my entry price is on the lower band
what do you advise Al ?
a recovery trade ?
How many pips ?
What size ?
Ouch. Shorting USD is a bit dangerous now. I posted last night the instructions for recovery. It is very important that you read it and understand it well before using it. though. In it, you have the values at which point you place your subsequent trades and why. I´m not sure about your case, because as I stated yesterday and I repeated today. I expect USD to have an extended move up, so it may be time to bite the bullet for you. Your decision.
Observation is the path to discovery.
  • #327
  • Feb 22, 2012 2:31am Feb 22, 2012 2:31am
I just checked the USD index again. I expect it to climb fast and steep to around 82. Be very careful with USD shorts or EUR longs right now
Observation is the path to discovery.
  • #328
  • Feb 22, 2012 2:31am Feb 22, 2012 2:31am
Quoting Alorente
Another point. The ideal trades are those that go with the flow of the TMA. In other words, If you are shorting, you want the TMA to be level or dropping at that moment, not rising steeply. It makes sense. If it is rising steeply, the lower band will be rising also and the profit potential will be reduced as time goes by. If the TMA is dropping when you short, the lower band is moving away from PA so your profit will improve. Many of the trades occur when the TMA is level after having a strong rise, like for example where Gold is right now.
Does it mean go with the trend?
  • #329
  • Feb 22, 2012 2:32am Feb 22, 2012 2:32am
Quoting Alorente
I included the 2 screen profile with the packet.rar. It´s all done for you.


yep ...

http://www.futurespeter.mynetcologne...ulticharts.png
  • #330
  • Feb 22, 2012 2:34am Feb 22, 2012 2:34am
Quoting Alex84
ok about gold
but about uy, the bands were quite flat before i took the trade
then they went straight up
A good habit to get into is to take a snap shot of your chart at the moment of your trade. That way we can analyze the pros and cons of the decision. To look at the chart after the fact it is hard to say because TMA has repainted.
Observation is the path to discovery.
  • #331
  • Edited 3:58am Feb 22, 2012 2:36am | Edited 3:58am
I'm in the these two trades selling AUD/USD @1.06666 and buying USD/CAD @ 0.99665. See charts below

UPDATE: closed AUD/USD at 1.06307 for +36 pips and USD/CAD @ 0.99833 for +17 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 54 KB
Click to Enlarge Name: audusd.gif Size: 49 KB
Island hopping throughout the Caribbean
  • #332
  • Feb 22, 2012 2:37am Feb 22, 2012 2:37am
I believe right now we may be starting the strong break that I was expecting in USD. I took a short on the EUR when it touched the upper band 45 minutes ago an it is paying off. This is all supported by the drop in S&P futures and gold. I expect this to be a major move up for USD.
Observation is the path to discovery.
  • #333
  • Feb 22, 2012 2:38am Feb 22, 2012 2:38am
Quoting dumplin_eater
I'm in the these two trades selling AUD/USD @1.06666 and buying USD/CAD @ 0.99665. See charts below
Great trades. I saw the potential in them but in the end, decided to short the EUR. Same result. You should make nice profits from both.
Observation is the path to discovery.
  • #334
  • Feb 22, 2012 2:46am Feb 22, 2012 2:46am
Quoting Ferod
Does it mean go with the trend?
Not quite. Again, the most profitable trades are actually right after the TMA has been rising steeply and begins to turn sideways preparing the down move in the wave, or viceversa for longs. So you could say that the trend was up, so it´s not going with the trend. I would call it catching the trend change instead. When you simply go with the trend, you are looking at PA that already passed. If future PA continues that trend you´ll be right, but what is to say it will continue? That´s what I like about TMA, it helps you visualize from the waves when a trend may be changing before it actually changes direction. Without the TMA it is very difficult to spot trend change. You can use divergences, etc but TMA is better in my opinion. Backed by divergences which is what I do, it is pretty reliable.
Observation is the path to discovery.
  • #335
  • Feb 22, 2012 2:49am Feb 22, 2012 2:49am
Quoting Alorente
Great trades. I saw the potential in them but in the end, decided to short the EUR. Same result. You should make nice profits from both.
Thanks. I stumbled across your thread while following Eval's thread and basically what I like about your system is that it gives me a chance to think instead of reacting like what I was doing when I was scalping the market on 1/5m timeframes. Anyways I'm definitely demoing your system for the next few weeks. Great thread.

-Ian
Island hopping throughout the Caribbean
  • #336
  • Feb 22, 2012 2:57am Feb 22, 2012 2:57am
Quoting dumplin_eater
Thanks. I stumbled across your thread while following Eval's thread and basically what I like about your system is that it gives me a chance to think instead of reacting like what I was doing when I was scalping the market on 1/5m timeframes. Anyways I'm definitely demoing your system for the next few weeks. Great thread.

-Ian
Yes. I´m an itchy guy. My mind always goes at a thousand miles per hour, so for a long time I scalped in lower time frames also. With time, I realized that profits were lower than with higher time frames. When scalping, you tend to be stopped out often, recovery trades are not feasible in a fast trading method. In the end, it is not what you make that adds most to your account every week. It is what you avoid losing that does the work. It is the old story of the turtle and the hare...

A 15 minute TF is great as you say, because it gives you time to think and strategize and recover. You are much less likely to screw up due to impetuosity.
Observation is the path to discovery.
  • #337
  • Feb 22, 2012 2:58am Feb 22, 2012 2:58am
Hi Alorente,

There is an indicator called TMA TRUE that I´m sure you have found as well at Nanningbob thread. I like your system, I´m following one like yours even. Same trading idea. Fully agree with you regarding to recovery system, I don´t find another way to make money here. Maybe I have to investigate much more.

I´m Spanish too and I´m very happy to see one of us writing a thread here.

All my best wishes for your new adventure.

Mucha suerte..... el sistema pinta muy bien :-)
  • #338
  • Feb 22, 2012 2:59am Feb 22, 2012 2:59am
Good moorning for all.

As always rising early from Colombia South America.

I inform you that last night when I went to bed I left running 7 trades and following the strategy of AL, TP put them all and I am amazed by the results that I just found:

Nasdaq: +20
Dowjons: +15
S & P: +12
EURAUD: +25
AUDUSD: +33
GBPAUD: +44
TOTAL: +149 pips

The only trade is still running is USDCAD, but it's +6pips at moment, the TP was 0.99550 for short, the low was 0.99528, I don't know what happened, but I closed it, how my total profit are +155 pips.

AL, it's this is very good.

I will continue testing the strategy.

Thank you very much for sharing it with us AL.
Enter Signature
  • #339
  • Feb 22, 2012 3:00am Feb 22, 2012 3:00am
As expected, Gold seems headed to cross the bottom band. It should stay down there and "pull" the TMA downwards with time.
Observation is the path to discovery.
  • #340
  • Feb 22, 2012 3:00am Feb 22, 2012 3:00am
Quoting morepipspls
Hi Alorente,

There is an indicator called TMA TRUE that I´m sure you have found as well at Nanningbob thread. I like your system, I´m following one like yours even. Same trading idea. Fully agree with you regarding to recovery system, I don´t find another way to make money here. Maybe I have to investigate much more.

I´m Spanish too and I´m very happy to see one of us writing a thread here.

All my best wishes for your new adventure.

Mucha suerte..... el sistema pinta muy bien :-)
Gracias amigo.
Observation is the path to discovery.
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