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Extreme TMA System

  • #521
  • Feb 22, 2012 1:17pm Feb 22, 2012 1:17pm
Quoting Joeyd
Al,

You'll find the template on Spudfyre's : Spuds Stochastic Thread Theory located right here on Forex Factory's Trading Systems. A quick search for Spudfyre (a member here) will bring up his profile, and, all threads started by him. You might want to peruse his thread while it's slow, and until Rohule responds.

Thanks for sharing your system - super-visual.

Saluti da un Italiano a NYC
Hello, fellow New Yorker. I lived in New York 6 years. Went to High School there. Love the City. Thanks for the information.
Observation is the path to discovery.
  • #522
  • Feb 22, 2012 1:19pm Feb 22, 2012 1:19pm
Had gold long for a couple of hours but got out just before the big move as it didn`t seem to be able to break the centre line! Oh well, practice account only but still 25 pips!

PS: Al, I think it`s great the way you are assisting with practical advice. All too often we`re thrown the book about how to fish but never really shown how!
Make things as simple as possible, but not simpler!
  • #523
  • Feb 22, 2012 1:23pm Feb 22, 2012 1:23pm
Just closed my E/A position for about 17 pips. =)
  • #524
  • Feb 22, 2012 1:36pm Feb 22, 2012 1:36pm
Quoting miw14
Just closed my E/A position for about 17 pips. =)
Taking profits is good for your financial health. I´ll carry it to the other band.
Observation is the path to discovery.
  • #525
  • Feb 22, 2012 1:39pm Feb 22, 2012 1:39pm
Quoting Alorente
Taking profits is good for your financial health. I´ll carry it to the other band.
I should have kept my take profit large, but I pulled out early. A profit is a profit though, even when it's only monopoly money.
  • #526
  • Feb 22, 2012 1:44pm Feb 22, 2012 1:44pm
There goes USDCHF. I´m in the trade long at .9101
Observation is the path to discovery.
  • #527
  • Feb 22, 2012 1:48pm Feb 22, 2012 1:48pm
I would like to mention something. As I´ve said before, I have traded this system now for 10 months. I can guarantee you that today it is not trading like the system I know. On a normal volatility day, almost every pair is going from band to band, sometimes within 4 to 6 candles. Today, I´m having to enter trades inside the bands because the market is so quiet. Normally all my trades begin beyond the bands. Believe me. This is a lot easier to trade on normal days than it is today.
Observation is the path to discovery.
  • #528
  • Feb 22, 2012 1:50pm Feb 22, 2012 1:50pm
I took 5 trades today on the 15m chart at the LO, since E/U on the 1H TF was ranging today. Thought i'd give it a go since i am looking for a scalp system.

G/U +40 pips
E/A +30 pips
USD/CAD + 20 pips
A/U +40 pips
USD/CHF + 20 pips

Total for the day : 150 pips

I just applied some really simple rules to get a 100% win rate today.

Trade with the trend the trend is your friend (almost all those trades that i took bounced off the daily pivot and went in the direction of the trend)
I did look for the pairs that PA was at the top or bottom of the TMA

If the TMA is pointing up i would look for only longs from the bottom of the TMA
If the TMA pointing down i would look for only shorts from the top of the TMA
If TMA is flat then i would trade the top and the bottom as PA will be moving side ways or i would leave it out.

Im not tyring to change the rules as AL has already set them.
These are just my rules that i would implement to my scalping system to trade at a higher success rate and to be a conservative trader. I thought I would share it thats all.

I seen you guys looking for a nice daily pivot indi. Heres one that is useful

Attached File(s)
File Type: mq4 PivotsDWM.mq4   10 KB | 1,211 downloads
X-man the legendary conqueror of markets
  • #529
  • Feb 22, 2012 1:55pm Feb 22, 2012 1:55pm
Quoting Alorente
I would like to mention something. As I´ve said before, I have traded this system now for 10 months. I can guarantee you that today it is not trading like the system I know. On a normal volatility day, almost every pair is going from band to band, sometimes within 4 to 6 candles. Today, I´m having to enter trades inside the bands because the market is so quiet. Normally all my trades begin beyond the bands. Believe me. This is a lot easier to trade on normal days than it is today.
Any reason for the low volatility?
  • #530
  • Feb 22, 2012 1:56pm Feb 22, 2012 1:56pm
Quoting X-Man
[size=2]I took 5 trades today on the 15m chart at the LO, since E/U on the 1H TF was ranging today. Thought i'd give it a go since i am looking for a scalp system.

G/U +40 pips
E/A +30 pips
USD/CAD + 20 pips
A/U +40 pips
USD/CHF + 20 pips

Total for the day : 150 pips

I just applied some really simple rules to get a 100% win rate today.

Trade with the trend the trend is your friend (almost all those trades that i took bounced off the daily pivot and went in the direction of the trend)
I did look for...
Great job.
How do you determine the trend?
.... laughing all the way to the bank
  • #531
  • Feb 22, 2012 2:05pm Feb 22, 2012 2:05pm
Quoting Alorente
There goes USDCHF. I´m in the trade long at .9101
Long at .9105 for me.
  • #532
  • Feb 22, 2012 2:10pm Feb 22, 2012 2:10pm
Quoting itsallover
Great job.
How do you determine the trend?
Well in any system by trading with the trend increases your success greatly and allows you to be a profitable trader for a very long time.

In this system i would say trade in the direction of the TMA
If TMA pionting up only look for longs from the Bottom of the TMA
if TMA pointing down the look for shorts at the top of the TMA
X-man the legendary conqueror of markets
  • #533
  • Feb 22, 2012 2:15pm Feb 22, 2012 2:15pm
Quoting X-Man
Well in any system by trading with the trend increases your success greatly and allows you to be a profitable trader for a very long time.

In this system i would say trade in the direction of the TMA
If TMA pionting up only look for longs from the Bottom of the TMA
if TMA pointing down the look for shorts at the top of the TMA
Ok Thanx
.... laughing all the way to the bank
  • #534
  • Feb 22, 2012 2:21pm Feb 22, 2012 2:21pm
Quoting miw14
Any reason for the low volatility?
It´s the calm before the storm, Typical of change of trends. From my experience, A news piece will come out that will be the trigger, but this market wants to go down. EURUSD also. We´ll see what happens tomorrow.
Observation is the path to discovery.
  • #535
  • Feb 22, 2012 2:23pm Feb 22, 2012 2:23pm
Quoting X-Man
Well in any system by trading with the trend increases your success greatly and allows you to be a profitable trader for a very long time.

In this system i would say trade in the direction of the TMA
If TMA pionting up only look for longs from the Bottom of the TMA
if TMA pointing down the look for shorts at the top of the TMA
Thanks X-Man. If you only took the trend following trades, were did you enter them in relation to the bands? Did you use the spike and the MA Cross signals for entry?.

Thanks.
Observation is the path to discovery.
  • #536
  • Feb 22, 2012 2:40pm Feb 22, 2012 2:40pm
Quoting X-Man
[size=2]I took 5 trades today on the 15m chart at the LO, since E/U on the 1H TF was ranging today. Thought i'd give it a go since i am looking for a scalp system.

G/U +40 pips
E/A +30 pips
USD/CAD + 20 pips
A/U +40 pips
USD/CHF + 20 pips

Total for the day : 150 pips

I just applied some really simple rules to get a 100% win rate today.

Trade with the trend the trend is your friend (almost all those trades that i took bounced off the daily pivot and went in the direction of the trend)
I did look for...
Great Trading, I took 53 pips myself 33 on AUD/USD and 20 on USD/CAD. As they say; the trend is your friend so go with it.
Island hopping throughout the Caribbean
  • #537
  • Feb 22, 2012 2:43pm Feb 22, 2012 2:43pm
Quoting Alorente
Just curious, today is only our second day with this and it takes time to build confidence in a system. Is anyone trading real money today?
After months with demos, I discovered when looking at PitBull and some other systems, that they may look fine on demo, but would be very hard to trade live.
Now, it is only live with .01 lots for me!
EP
  • #538
  • Feb 22, 2012 2:50pm Feb 22, 2012 2:50pm
Quoting dumplin_eater
Great Trading, I took 53 pips myself 33 on AUD/USD and 20 on USD/CAD. As they say; the trend is your friend so go with it.
Yes. I agree. I usually trade with the trend and very seldom counter trend. With TMA, setting trend rules is not as easy as X-Man states, because it can be pointing up and change a few bars later because of the repainting issue, but I have traded a long time with TMA and I have a pretty good idea of the changes I will include tonight in that regard. The win rate in the system as it stands is already around 90% in my experience. Adding trend rules will increase the winners as X-Man showed with his trades, but it will also reduce the amount of trades available at any given point.
Observation is the path to discovery.
  • #539
  • Feb 22, 2012 2:51pm Feb 22, 2012 2:51pm
Closed EURAUD +18 pips. MA Cross flashing blue bars.
Observation is the path to discovery.
  • #540
  • Feb 22, 2012 2:57pm Feb 22, 2012 2:57pm
Alorente perfect, we are following your system with real money but at low volumes, we are awaiting developments this comment.
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