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Extreme TMA System

  • #701
  • Feb 23, 2012 6:14am Feb 23, 2012 6:14am
Quoting ikeo
Al, do we also have to wait for the candle close after the MA cross lines while trading the 1 hour and 4 hour time frames?
Yes. Same rules, but again, if a previous candle turns color for a moment, the signal would be valid because it is already closed.
Observation is the path to discovery.
  • #702
  • Feb 23, 2012 6:19am Feb 23, 2012 6:19am
Quoting X-Man
Another important point i would like to make here is wave analysis (higher lows, Lower highs).

No matter what TF you trade or what pair you trade if you pay attention to the waves that a pair produces then you will be able to anticipate the next move of PA to a certain extent.

This system is all about the waves that PA produces so the 123 pattern can also be used as an advantage here

Heres a chart of what one should look for to analyze waves.
Its really simple
hi x-man

is this a indicator with the H, L, HH, LL, HL, LH on you chart??
if yes could you put it as an attachment, that would be great
thanks in advance

manilaspur
  • #703
  • Feb 23, 2012 6:22am Feb 23, 2012 6:22am
Quoting ManilaSpurs
hi x-man

is this a indicator with the H, L, HH, LL, HL, LH on you chart??
if yes could you put it as an attachment, that would be great
thanks in advance

manilaspur
...this is from a document i've seen in the SonicR thread.
  • #704
  • Feb 23, 2012 6:23am Feb 23, 2012 6:23am
Quoting Favorite
X-Man, great post!

I'm so glad that we can discuss this openly and Al doesn't mind us adopting his system to our individual MMs.

X-Man, I agree that 20-25-30 pips should be enough for M-15. As a matter of fact I'll probably start with only 20 pips and then I'll see whether I have to make it bigger or not.

Of course, Al is right when he says "the possibility of repeated spikes at the top (or bottom)", but I'm planning to use not stop-loss per say but rather a pending hedging order (buy-stop if I sell and sell-stop if I buy) placed 20 pips...
Your hedging strategy is really cool, even though most of the spikes will occur BEFORE crossing the White Line. So if you use the EA for entry, you will see that almost all the spikes happen before the cross of the White Line that triggers the order. Itīs a matter of wanting to ride the spikes while you are in or getting in after the spikes settle down.

The many spikes are simply shakeouts of weak holders and triggering of tight stop losses. After a few spikes, only the believers remain, the SLs are gone and the reverse move begins.
Observation is the path to discovery.
  • #705
  • Feb 23, 2012 6:28am Feb 23, 2012 6:28am
Quoting Alorente
X-Man, can you come up with a different spin on how to fit your wave concept extremes to this system? Any ideas? As I said on page 1, this is a fine system but I am sure we can make it better and more profitable. Any suggestions that may increase profitability and/or reduce risk are highly welcome.
I will be posting ideas when i come up with any.
At the moment if the traders follow your rules on post 1 they will be fine.

Traders must just keep sensible targets all the time and maintain patience and discipline. if the pairs dont produce any trades today that does not mean i have to jump into any trade that i feel move in a certain direction.

Personally if i make 250 pips for the entire week ill be more than happy as that would give me a 1000 pip target per month

showing greed , no patience and no discipline will surely kill a traders account
X-man the legendary conqueror of markets
  • #706
  • Feb 23, 2012 6:28am Feb 23, 2012 6:28am
it's great.
Attached Image (click to enlarge)
Click to Enlarge Name: rr.jpg Size: 142 KB
  • #707
  • Feb 23, 2012 6:30am Feb 23, 2012 6:30am
Quoting ManilaSpurs
hi x-man

is this a indicator with the H, L, HH, LL, HL, LH on you chart??
if yes could you put it as an attachment, that would be great
thanks in advance

manilaspur
Yes the chart is from sonicR but theres no indicator for it.
Its something you can do easily by looking at your charts with a naked eye.
Its just a normal chart

Its the basis of forex trading
X-man the legendary conqueror of markets
  • #708
  • Feb 23, 2012 6:34am Feb 23, 2012 6:34am
Quoting X-Man
I will be posting ideas when i come up with any.
At the moment if the traders follow your rules on post 1 they will be fine.

Traders must just keep sensible targets all the time and maintain patience and discipline. if the pairs dont produce any trades today that does not mean i have to jump into any trade that i feel move in a certain direction.

Personally if i make 250 pips for the entire week ill be more than happy as that would give me a 1000 pip target per month

showing greed , no patience and no discipline will surely kill a traders account...
You are totally correct. The system is solid, the rules are there, spelled out in black and white, and yet it is difficult for most of us to stick to them and follow them with discipline. The key to trading successfully is not finding a magic system, many systems make money. The key is being disciplined enough to follow the rules, no excuses...
Observation is the path to discovery.
  • #709
  • Feb 23, 2012 6:38am Feb 23, 2012 6:38am
Quoting aren
it's great.
I see you are a THV4 fan like me. Even though that I donīt need to now that I have the TMA system, I still canīt help analyzing my charts with THV. Force of habit...
Observation is the path to discovery.
  • #710
  • Feb 23, 2012 6:43am Feb 23, 2012 6:43am
Tip:

Another nice thing about the White Line on the charts (5 x 5 Ma), is that once you cross it and you are in the trade, it serves as a line in the sand. You cannot allow price to cross the line from the other side again and still be in the order. That is a final alarm to exit the order, no questions asked.
Observation is the path to discovery.
  • #711
  • Feb 23, 2012 6:48am Feb 23, 2012 6:48am
Al,
Thank you again. You're offering us your system on silver platter. Now with EA's the system is so easy to operate, a real no brainer, even an oldbie (old newbie) find it easy to handle. I suppose there is some kind of filter in the EA's.
Is the white line some kind of MA ? I have to install them and try.
flaw
Wishing my last name were LESS
  • #712
  • Feb 23, 2012 6:50am Feb 23, 2012 6:50am
Quoting Alorente
I see you are a THV4 fan like me. Even though that I donīt need to now that I have the TMA system, I still canīt help analyzing my charts with THV. Force of habit...
i got it from your template.

it works so well.

thanks a lot!
  • #713
  • Feb 23, 2012 6:52am Feb 23, 2012 6:52am
I have an EA signal for gbp short. Al do you too ?
Pa didnt went below the white 5 ema. So is it a new rule that PA must pass it ?
  • #714
  • Feb 23, 2012 6:53am Feb 23, 2012 6:53am
Hello Alfredo.

That long have you used this system that these raised?

As we're changing and modifying the rules of the first day? You have not invented this system a few days on the go? hehe

That changes the EA with regard to the rules that exist in the page 1 of the thread?

Thank you!
  • #715
  • Feb 23, 2012 6:54am Feb 23, 2012 6:54am
Quoting alorente
almost there now...
gbpusd.....and the ea did trigger at 1.5709... My 1st trade after installation of tma....running -12 pips currently.....
  • #716
  • Feb 23, 2012 6:58am Feb 23, 2012 6:58am
Quoting flaw
Al,
Thank you again. You're offering us your system on silver platter. Now with EA's the system is so easy to operate, a real no brainer, even an oldbie (old newbie) find it easy to handle. I suppose there is some kind of filter in the EA's.
Is the white line some kind of MA ? I have to install them and try.
flaw
The White Line is a Smoothed 5 Period, 5 Shift, Median High/Low MA.
Observation is the path to discovery.
  • #717
  • Feb 23, 2012 6:59am Feb 23, 2012 6:59am
Quoting aren
i got it from your template.

it works so well.

thanks a lot!
Did I send you the THV template? When did I do that?
Observation is the path to discovery.
  • #718
  • Feb 23, 2012 7:02am Feb 23, 2012 7:02am
What we like is a system without many variations uated know that has worked in the past to see how good it is, even a more complicated system we would like to know all the rules once, if you change the rules every day the system may lose credibility.

It's just a comment, I would like to take it the wrong way.
  • #719
  • Feb 23, 2012 7:05am Feb 23, 2012 7:05am
Quoting Alorente
Great suggestion Mike!! I am going to write up your hedging strategy for page 1 this weekend. If you can detail it for me, I would really appreciate it.
Thank you, Al, it is very nice of you!

I'm not sure whether this method has ever been discussed here, on ForexFactory. I got this method from another forum, they call it "locking".
Let's say right now the price is 1.3260 and I got a "buy" signal. I bought 1.3260, set a take-profit, but didn't set any stop-loss. Instead of the stop-loss I created a pending sell-stop order at 1.3240 (20 pips).

Unfortunately price went against me. At 1.3240 my pending sell-stop order got activated, now it is just a usual sell order. At this moment I go to my original buy order (1.3260) and cancel its take-profit.

So now we have two orders (one buy and one sell) without any stop-losses and without any take-profits, which means that we "locked" this 20 pips' potential loss (that's why they call it "locking"). Whatever price does, it is still 20 pips and our equity is still 20 pips down. (I'm not taking in consideration the spreads because I want to make the big picture as clear as possible).

So now we have to "un-lock" this "lock".

It is possible that the movement against us was just a "spike" and after that the price went up again. It is also possible that the price keeps going down. We have to be very patient. We have to wait until we get the next very good and very clear signal to buy. Sometimes we have to wait for hours. Once I had to wait more than two days, but it is a very rare case.

When we get this signal we close our "sell" order. Now we have only our buy order and to recover our potential loss we need the price go up for only 20 pips. And if it goes up for more than 20 pips - then we even have some profit. But we have to be very careful at this time, first of all it must be a very clear signal, second, we have to create another hedging pending order for at least 15 pips (to be safe).

Al, as you can see, this method needs very good, reliable signals (otherwise you can lose 2-3 times more than your initial 20 pips if you do "unlocking" in the wrong time), but I believe your system provides very good and reliable signals, and we can always take a look: how far away from the middle line and from the upper line are we, for example, if we hope to go up (because with a good signal we would hit at least the middle), are we sure that we can recover at least 20 pips?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #720
  • Feb 23, 2012 7:05am Feb 23, 2012 7:05am
Now i am confuse.

What is the RIGHT strategie and work the EA as like you trade manuell?
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