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Extreme TMA System

  • #381
  • Feb 22, 2012 4:30am Feb 22, 2012 4:30am
Quoting Alorente
If I confused anyone, it was not my intention.
Al,
thanks for your response, no worry, it is understood now.
Thanks as well to the others who made their comments and the hint using the TMAtrue.
Still, i conclude for myself that looking into the past, either with the TMAtrue or by scrolling back in the chart, is less helpful to get experienced with your system. Using it live will give a much better feeling and with a demo account there is no financial risk of doing mistakes
  • #382
  • Feb 22, 2012 4:32am Feb 22, 2012 4:32am
Quoting candletiger
Al,
thanks for your response, no worry, it is understood now.
Thanks as well to the others who made their comments and the hint using the TMAtrue.
Still, i conclude for myself that looking into the past, either with the TMAtrue or by scrolling back in the chart, is less helpful to get experienced with your system. Using it live will give a much better feeling and with a demo account there is no financial risk of doing mistakes
Yes. Past TMA is not accurate as we have said before.
Observation is the path to discovery.
  • #383
  • Feb 22, 2012 4:34am Feb 22, 2012 4:34am
Quoting Alorente
No I won´t bet against the dollar, but I´ll take any trade against the Euro. Even EURJPY which I´m also looking at right now because it is meeting all 3 conditions.
i already entered ey earlier as it already met 3 conditions around 10 am london
  • #384
  • Feb 22, 2012 4:37am Feb 22, 2012 4:37am
Quoting Alex84
i already entered ey earlier as it already met 3 conditions around 10 am london
That has a change of doing what GBPJPY did earlier.
Observation is the path to discovery.
  • #385
  • Feb 22, 2012 4:40am Feb 22, 2012 4:40am
Quoting Alorente
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.
Does anybody knows an indi or EA that automatically takes a screen snapshot when opening and closing trades? With that, you don't forget and can always pull it out later.
I know that lhDT has such a function build in his signal indi from the symphony thread, but maybe somebody knows a generic one just doing this.
  • #386
  • Feb 22, 2012 4:40am Feb 22, 2012 4:40am
Quoting Alex84
i already entered ey earlier as it already met 3 conditions around 10 am london
I entered both shorts EURJPY and EURGBP a while ago.
Observation is the path to discovery.
  • #387
  • Feb 22, 2012 4:43am Feb 22, 2012 4:43am
It´s a veeery slow day today, which is good because I have a lunch appointment later on with a very important person; my mother. I´ll let you know when I leave. I´ll be away for 3 hours.
Observation is the path to discovery.
  • #388
  • Feb 22, 2012 4:46am Feb 22, 2012 4:46am
As we discuss different issues, aspects of TA, etc. a nice amount of info is being generated. At some point I will gather and organize the info and publish a PDF with it for all that will be revised repeatedly as we go forward.
Observation is the path to discovery.
  • #389
  • Feb 22, 2012 4:50am Feb 22, 2012 4:50am
Quoting Alorente
I entered both shorts EURJPY and EURGBP a while ago.
Which would be your target in the EurGbp, maybe only the red band?
  • #390
  • Feb 22, 2012 4:51am Feb 22, 2012 4:51am
Quoting Alorente
No I won´t bet against the dollar, but I´ll take any trade against the Euro. Even EURJPY which I´m also looking at right now because it is meeting all 3 conditions.
I've been watching EJ as well......as you say, the conditions are right and I'm expecting a retrace on the recent Yen strength.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #391
  • Feb 22, 2012 4:53am Feb 22, 2012 4:53am
Quoting Alorente
I entered both shorts EURJPY and EURGBP a while ago.
did you have the 3 rules aligned on EG ?
  • #392
  • Feb 22, 2012 4:55am Feb 22, 2012 4:55am
Quoting Ferod
Which would be your target in the EurGbp, maybe only the red band?
No. I always target the lower band and I only change that if I detect changes in the market. I am going to the lower band with both trades.
Observation is the path to discovery.
  • #393
  • Feb 22, 2012 4:59am Feb 22, 2012 4:59am
Quoting candletiger
Does anybody knows an indi or EA that automatically takes a screen snapshot when opening and closing trades? With that, you don't forget and can always pull it out later.
I know that lhDT has such a function build in his signal indi from the symphony thread, but maybe somebody knows a generic one just doing this.
No. I was thinking of the one Ihdt has also. It shouldn´t be difficult to pull that and make it a separate indi.
Observation is the path to discovery.
  • #394
  • Feb 22, 2012 5:03am Feb 22, 2012 5:03am
Quoting Alex84
did you have the 3 rules aligned on EG ?
No. As I said before, on that one I jumped the gun of condition 3, which is something I don´t recommend you do.
Observation is the path to discovery.
  • #395
  • Feb 22, 2012 5:08am Feb 22, 2012 5:08am
Quoting Alex84
did you have the 3 rules aligned on EG ?
I recommend that you install the MA Cross lines. It gives you a great idea of how close you are to a cross. I am posting it below again for those of you that did not grab it in my other post. I already changed the period to 10 so it is ready to go.
Attached File(s)
File Type: mq4 MA_Crossover_Lines.mq4   3 KB | 1,337 downloads
Observation is the path to discovery.
  • #396
  • Feb 22, 2012 5:19am Feb 22, 2012 5:19am
I was in the EUR/JPY earlier as well but something felt strange about the trade so I closed at BE. Maybe its the PPZ(price pivot zone) at the round number 106 or the spike on the Extreme spike signifying a buying opportunity. but I think once the stochastic crosses or becomes oversold then we might see some higher highs from this pair
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 62 KB
Island hopping throughout the Caribbean
  • #397
  • Feb 22, 2012 5:23am Feb 22, 2012 5:23am
Quoting dumplin_eater
I was in the EUR/JPY earlier as well but something felt strange about the trade so I closed at BE. Maybe its the PPZ(price pivot zone) at the round number 106 or the spike on the Extreme spike signifying a buying opportunity. but I think once the stochastic crosses or becomes oversold then we might see some higher highs from this pair
I have similar doubts about this trade too.....that's why I didn't enter.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #398
  • Feb 22, 2012 5:26am Feb 22, 2012 5:26am
Quoting realjumper
I have similar doubts about this trade too.....that's why I didn't enter.
Well I hope you guys are wrong, because I´m in it.
Observation is the path to discovery.
  • #399
  • Feb 22, 2012 5:30am Feb 22, 2012 5:30am
Quoting Alorente
Well I hope you guys are wrong, because I´m in it.
You have to trade what the system shows.....and it shows a valid entry, no argument about it!!

Just looking through the charts today on the pairs I like to trade EU, GU, UC and EJ, I'm not yet too sure about this system. Of course it's very early days yet, and I haven't fully got my head around it, so for the moment, I'm watching how things develop and trying to get a feel for this system.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #400
  • Feb 22, 2012 5:34am Feb 22, 2012 5:34am
If you get many more posts FF will run out of server space ;-)

Great stuff.

Anyone with the GBPJPY ... does it fullfil the criteria now or is it too far from lower band?
If you think I'm mad, I must be mad
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