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Extreme TMA System

  • #401
  • Feb 22, 2012 5:41am Feb 22, 2012 5:41am
Quoting dumplin_eater
I was in the EUR/JPY earlier as well but something felt strange about the trade so I closed at BE.
As we learn it might be useful to filter the signals on trend using the TMA as a guide...i think Al mentioned this somewhere; the TMA on both EJ and EG were angled upwards when the short signals appeared. Waiting for longs might offer better probability trades on these two, for now. Speculation of course.

edit: ha, EJ double top forming now!
  • #402
  • Feb 22, 2012 5:49am Feb 22, 2012 5:49am
Quoting futurespec
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?
Too far in and I donīt like the daily pivot right above.
Observation is the path to discovery.
  • #403
  • Feb 22, 2012 5:49am Feb 22, 2012 5:49am
Quoting ChowClown
As we learn it might be useful to filter the signals on trend using the TMA as a guide...i think Al mentioned this somewhere; the TMA on both EJ and EG were angled upwards when the short signals appeared. Waiting for longs might offer better probability trades on these two, for now. Speculation of course.

edit: ha, EJ double top forming now!
IT does
but pa is already inside bands
so it reduces the profit probability
i didnt enter this one

i'm stuck in uy short since early morning
  • #404
  • Feb 22, 2012 5:51am Feb 22, 2012 5:51am
Quoting ChowClown
As we learn it might be useful to filter the signals on trend using the TMA as a guide...i think Al mentioned this somewhere; the TMA on both EJ and EG were angled upwards when the short signals appeared. Waiting for longs might offer better probability trades on these two, for now. Speculation of course.

edit: ha, EJ double top forming now!
As I said before today, I wonīt be entering any EUR longs this week. Thatīs just an opinion, nothing to do with the system.
Observation is the path to discovery.
  • #405
  • Feb 22, 2012 5:58am Feb 22, 2012 5:58am
Time to leave for my lunch appointment. I am leaving three trades open. EURUSD, EURGBP and EURJPY. Iīve set TPs on all three just inside the bottom band.

Iīll be back in three hours.

Good luck.
Observation is the path to discovery.
  • #406
  • Feb 22, 2012 6:00am Feb 22, 2012 6:00am
AL

I'm reading the doc about recovery trades you posted yesterday
How do you personally apply those rules to your method ?
do you strictly follow the grid rules of 200 pips before next recovery trade ?
Or do you place a recovery trade once you have a new signal on the pair having the negative float ?
  • #407
  • Feb 22, 2012 6:05am Feb 22, 2012 6:05am
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 am in nzdjpy, the chart quite similar with usdjpy. Now i am not in front of my terminal, open the chart in my tab and notice the stoch is a bit oversold. Then i open this thread and when i saw your chart i close the trade at be+few pips. Yeah it's only 0.01 lot but i hate a losing trade .
  • #408
  • Edited 6:27am Feb 22, 2012 6:14am | Edited 6:27am
Quoting ChowClown
As we learn it might be useful to filter the signals on trend using the TMA as a guide...i think Al mentioned this somewhere; the TMA on both EJ and EG were angled upwards when the short signals appeared. Waiting for longs might offer better probability trades on these two, for now. Speculation of course.

edit: ha, EJ double top forming now!
From my observation earlier today, if prices move from below the lower band and ended above te upper band tma would head up a bit like all averages behave. If you got a short signal when tma is angled down, it's would be very good trades but I think such case is a bit rare.

@alex
i believe the document is from naningbob's thread. From my point of view you take another signal in tthe direction of the trading you want to recover with bigger position. The key here is another signal in the direction of your previous position not an exact amount, I think. That's is why on my post in first page thata this system looks like swing strategy. I think this one will thrive in ranging market and mild trending market. When there is a big news it wound be better to exit your position. The difference from swing sstrategy is the use of extreme and ma cross to confirm potential of a reversal. I usually jump out of nowhere when apply swing strategy near strong s/r or round numbers. The extreme indie and ma cross make this system more like a hybrid swing strategy.
  • #409
  • Feb 22, 2012 6:26am Feb 22, 2012 6:26am
Quoting Passerby
If you got a short signal when tma is angled down, it's would be very good trades but I think such case is a bit rare.
Monitoring 18+ pairs we could do very nicely from the higher probability, with trend setups each day
  • #410
  • Feb 22, 2012 6:30am Feb 22, 2012 6:30am
Quoting Alorente
Another point. The ideal trades are those that go with the flow of the TMA. .......
Hello Al,
Thanks for sharing this well researched system. Glad to be in at the start of a thread, even though its already 28 pages in just 1 day!
So true about entering with the flow of TMA.
Have attached chart of my trade on UC earlier today.
Entered on 1M but panicked a bit and exited too early when price seemed to stall. ( It was also against the 50MA and Daily Open).
Need to built my confidence in the signals!
EP
Attached Image (click to enlarge)
Click to Enlarge Name: uc.gif Size: 43 KB
  • #411
  • Feb 22, 2012 7:16am Feb 22, 2012 7:16am
Quoting ChowClown
Monitoring 18+ pairs we could do very nicely from the higher probability, with trend setups each day
Yes, but it depends on the spreads. Some of those 18 pairs are exotic currencies with huge spreads. I think to monitor 18 currencies some of us have to look for a broker with better spreads.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #412
  • Feb 22, 2012 7:30am Feb 22, 2012 7:30am
Quoting Favorite
Yes, but it depends on the spreads. Some of those 18 pairs are exotic currencies with huge spreads. I think to monitor 18 currencies some of us have to look for a broker with better spreads.
Very good advice!

I myself monitor 6 pairs with maximum spread of 3.2 pips...

Happy pippin',
Olarion
  • #413
  • Feb 22, 2012 7:37am Feb 22, 2012 7:37am
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.
Great to wake up to 101 pips!!! Now if I was still up I could have taken the reversals on each one and doubled that, 200+ in one night!!!!An Ea would be valuable just for such an occasion. I am not strictly an EA trader , but they can be handy when you aren't available to take a trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UsdCad scalp.jpg Size: 115 KB
Click to Enlarge Name: AudUsd scalp.jpg Size: 118 KB
Click to Enlarge Name: NzdUsd scalp.jpg Size: 117 KB
  • #414
  • Feb 22, 2012 7:43am Feb 22, 2012 7:43am
Quoting Alorente
In this case, I would continue with the trade. The MA Cross still looks healthy. How is it now?. I donīt follow that pair.
Thanks for the response. I held on to it until it hit the upper bands for a 30 pip gain on my demo account.
  • #415
  • Feb 22, 2012 7:50am Feb 22, 2012 7:50am
hi guys!

i have been trading this kind of system a long time a go with very good results, i like to use normal bars with the HA colours, it helps if you know PA and you can have better entryes. i use it from m1 to m15 and monitoring h1,h4 and d1

@ Alorente: can you please explain us how you do a recovery trade in the m15? thank you so much
Attached Images
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passion and discipline
  • #416
  • Feb 22, 2012 7:52am Feb 22, 2012 7:52am
Awesome thread! Demoing right now.

Subscribed.
  • #417
  • Feb 22, 2012 8:26am Feb 22, 2012 8:26am
GPB/USD looks to be setting up nicely for a buy signal soon.....
  • #418
  • Feb 22, 2012 8:26am Feb 22, 2012 8:26am
Quoting Alex84
AL

I'm reading the doc about recovery trades you posted yesterday
How do you personally apply those rules to your method ?
do you strictly follow the grid rules of 200 pips before next recovery trade ?
Or do you place a recovery trade once you have a new signal on the pair having the negative float ?
You can do it either way. I use 100 pips for each recovery trade, but this system allows you the second option you mentioned of entering the second order at the next signal the system gives you. Both are valid. The keys in recovery are:

Making sure your original position is a small percentage of your account. I use 4%, others use 2%, etc. If your original amount is too large, you will lose the capacity to maneuver and place recovery trades.

Making sure your first recovery trade is not too close to the original price level. If it is, again you will lose flexibility.
Observation is the path to discovery.
  • #419
  • Feb 22, 2012 8:28am Feb 22, 2012 8:28am
Quoting ChowClown
Monitoring 18+ pairs we could do very nicely from the higher probability, with trend setups each day
Exactly. The more pairs, indexes, futures, etc. the better your probability oh hitting the biggest winners.
Observation is the path to discovery.
  • #420
  • Feb 22, 2012 8:30am Feb 22, 2012 8:30am
Quoting EaglePip
Hello Al,
Thanks for sharing this well researched system. Glad to be in at the start of a thread, even though its already 28 pages in just 1 day!
So true about entering with the flow of TMA.
Have attached chart of my trade on UC earlier today.
Entered on 1M but panicked a bit and exited too early when price seemed to stall. ( It was also against the 50MA and Daily Open).
Need to built my confidence in the signals!
EP
You will acquire confidence as you see price move to the opposite band over and over again. Give it time. It will happen for you.
Observation is the path to discovery.
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