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Extreme TMA System

  • #641
  • Feb 23, 2012 3:14am Feb 23, 2012 3:14am
If you notice the price has been standing in the pivot area and 38% retracement of the last drop
  • #642
  • Feb 23, 2012 3:18am Feb 23, 2012 3:18am
-10ish for me, at this stage a nice rejection of central pivot

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  • #643
  • Edited 3:35am Feb 23, 2012 3:19am | Edited 3:35am
..as of now, across the 8 lower spread pairs i'm watching any signal would be counter TMA slope/trend; retracement plays. So, there are unlikely to be any 'full rules' trades signalling within this session, unless of course the TMAs swing around.
  • #644
  • Feb 23, 2012 3:21am Feb 23, 2012 3:21am
Yes. Nice to have that wall protecting you.
Observation is the path to discovery.
  • #645
  • Feb 23, 2012 3:23am Feb 23, 2012 3:23am
Quoting idig4it
Repeat of last trade, stopped out for -18 this time....
Looks like a double bottom, and it's working on a higher high now.
  • #646
  • Feb 23, 2012 3:41am Feb 23, 2012 3:41am
Quoting Alorente
Good trade prospects waiting for 4th rule:

EurUsd

UsdCad

AudUsd

EurGbp

EurJpy

AudJpy

S&P500 (#EPH2)
hi alferedo. thanks your beautiful system.

one quetions? in eurusd tma is upward. why you will sell? in rules 1 you told that in firs we look at tma line and trade in same direction.

thanks
  • #647
  • Feb 23, 2012 3:45am Feb 23, 2012 3:45am
Quoting amiralifx
hi alferedo. thanks your beautiful system.

one quetions? in eurusd tma is upward. why you will sell? in rules 1 you told that in firs we look at tma line and trade in same direction.

thanks
No. This is not a valid short anymore. The TMA has angled upwards now. Must wait for more level TMA before a short is feasible.
Observation is the path to discovery.
  • #648
  • Feb 23, 2012 3:47am Feb 23, 2012 3:47am
Quoting Alorente
GbpUsd in short at 1.5692
Alfredo, are u still running this trade.....was it a mistake to have entered this specific one.....its currently running opposite direction.
Thanks for all the sharing and all the inputs from all over. Very much appreciated... learning a lot as newbie. God bless.
  • #649
  • Feb 23, 2012 3:50am Feb 23, 2012 3:50am
In the next hour, I will be posting an additional final rule, new templates and EA that will correct the dangerous issue of entering too soon as we just saw on GbpUsd. Once you see it in action, I´m sure you will like it. I had decided to keep it out of the system for now for simplicity´s sake, but after seeing today´s action, I believe it is necessary.
Observation is the path to discovery.
  • #650
  • Feb 23, 2012 3:56am Feb 23, 2012 3:56am
Looks like a lot of counter trend setups now, with a few trend changes. Calling it a night here, Thanks for your input Al.
  • #651
  • Feb 23, 2012 3:56am Feb 23, 2012 3:56am
Quoting Alorente
In the next hour, I will be posting an additional final rule, new templates and EA that will correct the dangerous issue of entering too soon as we just saw on GbpUsd. Once you see it in action, I´m sure you will like it. I had decided to keep it out of the system for now for simplicity´s sake, but after seeing today´s action, I believe it is necessary.
Hi, satarted followig the system, looks interestng. Cannot jsutify why u entered short on gu. 4th rues says that the ma xover must turn red, while it didn't. "entering too soon as we just saw on GbpUsd" , was not a valid entry strictly speaking, right? did u enter co of the 30 pips+ range between outern bands?
  • #652
  • Feb 23, 2012 3:57am Feb 23, 2012 3:57am
Quoting Alorente
In the next hour, I will be posting an additional final rule, new templates and EA that will correct the dangerous issue of entering too soon as we just saw on GbpUsd. Once you see it in action, I´m sure you will like it. I had decided to keep it out of the system for now for simplicity´s sake, but after seeing today´s action, I believe it is necessary.
Thanks, that answers my question. Looking forward to the final product.
  • #653
  • Feb 23, 2012 3:58am Feb 23, 2012 3:58am
Quoting Alorente
In the next hour, I will be posting an additional final rule, new templates and EA that will correct the dangerous issue of entering too soon as we just saw on GbpUsd. Once you see it in action, I´m sure you will like it. I had decided to keep it out of the system for now for simplicity´s sake, but after seeing today´s action, I believe it is necessary.
Great, i had the feeling there might be a missing ingredient
  • #654
  • Feb 23, 2012 4:04am Feb 23, 2012 4:04am
Most times you trade on the opposite of German IFO you would lose on London session;be it cable, EU or even S&P500. I still believe that trading just before an important news tantamounts to gambling but if you are comfortable with that, play it like Lorente suggests, with no emotion attached.
  • #655
  • Feb 23, 2012 4:15am Feb 23, 2012 4:15am
Am I right to say that the EURGBP is getting ready to be shorted or is the TMA band too steep high?
How do we know when the TMA is to be avaoided ie., too steep or moderate steep? About what angle?
  • #656
  • Feb 23, 2012 4:17am Feb 23, 2012 4:17am
Im in long on g/au and u/cad
  • #657
  • Feb 23, 2012 4:19am Feb 23, 2012 4:19am
Short on EJ at 105.57
  • #658
  • Feb 23, 2012 4:25am Feb 23, 2012 4:25am
I have updated the Entry Rules, changed the templates and added 2 EA´s that automatically will place the long or short orders. I have changed the zip file on page one to incorporate these new EAs and templates. For those of you that prefer not to download the zip file again, I am attaching here the two EA files and the two new templates. You can replace the old templates with these two new ones and copy the two EA files to the Experts folder of your MT4 platform (Not the Indicators folder !).

Please let me know if you have any questions, and sorry for the changes. I believe they are necessary to avoid early entries and reduce false signals to a minimum.

Thanks for your patience.
Attached File(s)
File Type: mq4 1.0 5x5 Buy 15M.mq4   7 KB | 1,573 downloads
File Type: mq4 1.0 5x5 Sell 15M.mq4   7 KB | 1,455 downloads
File Type: tpl extreme tma system - small.tpl   14 KB | 1,338 downloads
File Type: tpl extreme tma system.tpl   16 KB | 1,380 downloads
Observation is the path to discovery.
  • #659
  • Feb 23, 2012 4:27am Feb 23, 2012 4:27am
I am short EurUsd at 1.3315.
Observation is the path to discovery.
  • #660
  • Feb 23, 2012 4:28am Feb 23, 2012 4:28am
I am short the S&P500 at 1359.50
Observation is the path to discovery.
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