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Extreme TMA System

  • #881
  • Feb 23, 2012 1:10pm Feb 23, 2012 1:10pm
Quoting interbucks
Have same problem, that's why earlier I asked if trend does not matter - but its against the rules, as u say....?
Until we have an indicator with hard and fast rules, it is somewhat subjective at this point. You need to decide if the angle of the trend is too steep for a counter trend or if it is only a slight angle and safe for a counter trend trade.
  • #882
  • Feb 23, 2012 1:12pm Feb 23, 2012 1:12pm
Quoting MagicMike
I'm having trouble. It seems to me that everytime price has broken through the lower band, the trend of the band is facing down, making the trade invalid according to the rules.

In hindsight it looks great, but in real time I have yet to see price break through the upper band or lower band with the trend of the band facing in the same direction.

Is it just me or are others seeing this problem as well.
same for me
it probably needs high volatility to have bands in the direction of the signal
  • #883
  • Feb 23, 2012 1:13pm Feb 23, 2012 1:13pm
OK. Going back to how a trade develops. For example, look at that trade that fell fast on GbpUsd earlier today. You enter the trade above the band. In that case it was a rare triple top. Now, when it starts coming down, you want to see the Heiken Ashi candles looking exactly like in this case. All of them Red, stairstepping and none of them with tails. If you start seeing one of the candles stalling and especially if it starts painting a tail, its better to get out because the percentage of a return for another test of the high is, just that, high. Sometimes it will continue down after a pause, but its better to pocket your 10 pips and try again later. Thatīs the beauty of Heiken Ashi candles. They almost talk to you about what price is doing.
Observation is the path to discovery.
  • #884
  • Feb 23, 2012 1:15pm Feb 23, 2012 1:15pm
Quoting interbucks
Have same problem, that's why earlier I asked if trend does not matter - but its against the rules, as u say....?
Only very steep trnd matters. Iīll change that on page one to "very steep". If it is slightly steep or sideways, it doesnīt matter.
Observation is the path to discovery.
  • #885
  • Feb 23, 2012 1:16pm Feb 23, 2012 1:16pm
Quoting Kendal
Until we have an indicator with hard and fast rules, it is somewhat subjective at this point. You need to decide if the angle of the trend is too steep for a counter trend or if it is only a slight angle and safe for a counter trend trade.
Exactly. Well put.
Observation is the path to discovery.
  • #886
  • Feb 23, 2012 1:18pm Feb 23, 2012 1:18pm
Quoting LeanLowFx
This system have very much laging indicators , sorry if i'm rude , but I don't think that it is possible to make money in a long term with this system .
Go Test it for yourself!
If you make a million dollars,post the results up..so we can all share..
Daytrader
  • #887
  • Feb 23, 2012 1:25pm Feb 23, 2012 1:25pm
Quoting mahimahi
Go Test it for yourself!
If you make a million dollars,post the results up..so we can all share..
What you have in mind ? Why would I want/need to test it ? And what are you talking about ... ?
  • #888
  • Feb 23, 2012 1:39pm Feb 23, 2012 1:39pm
is that that brokers/machines got to get daytraders back with some profits so that there is more volume...so they throw out little systems for you that work for a while...and only at extremes....
  • #889
  • Feb 23, 2012 1:39pm Feb 23, 2012 1:39pm
Grechmar, Now that you have a Red HA candle, you need to watch to see how price handles R1. If it really struggles with it take the 10 or 12 pips and run.
Observation is the path to discovery.
  • #890
  • Feb 23, 2012 1:43pm Feb 23, 2012 1:43pm
Quoting dakuki
is that that brokers/machines got to get daytraders back with some profits so that there is more volume...so they throw out little systems for you that work for a while...and only at extremes....
"brokers/machines" don't effect market , banks and hedge funds does , but they don't care about retailers making/losing money , especially in foreign exchange markets where 90~% of retail traders lose money .
  • #891
  • Feb 23, 2012 1:44pm Feb 23, 2012 1:44pm
Quoting Alorente
Grechmar, Now that you have a Red HA candle, you need to watch to see how price handles R1. If it really struggles with it take the 10 or 12 pips and run.
A good thing to do in a case like this is to switch to M5 or M1 and look at the battle with Ri. You see it more clearly there. You also look at EurUsd. If that hangs tough, you wonīt break R1.
Observation is the path to discovery.
  • #892
  • Feb 23, 2012 1:45pm Feb 23, 2012 1:45pm
Was still in! thanks
  • #893
  • Feb 23, 2012 1:45pm Feb 23, 2012 1:45pm
Gold broke. Oh well. I have my 10 pips. You canīt win them all.
Observation is the path to discovery.
  • #894
  • Feb 23, 2012 1:48pm Feb 23, 2012 1:48pm
Quoting lionsden
Was still in! thanks
Ouch! I just left some big bucks on the table. Same as happened yesterday with the big gold move I missed.
Observation is the path to discovery.
  • #895
  • Feb 23, 2012 1:50pm Feb 23, 2012 1:50pm
Quoting lionsden
Was still in! thanks
Isnīt TMA cool. See how gold touched the band and retreated? Did you exit?
Observation is the path to discovery.
  • #896
  • Feb 23, 2012 1:50pm Feb 23, 2012 1:50pm
I did too! EA kicked me out before it hit the otherside Jeez! Dont see where you can change that setting. TP is set for 0 right now.

Quoting Alorente
Gold broke. Oh well. I have my 10 pips. You canīt win them all.
  • #897
  • Feb 23, 2012 1:51pm Feb 23, 2012 1:51pm
Iīm out of EurAud at 1.2479
Observation is the path to discovery.
  • #898
  • Feb 23, 2012 1:52pm Feb 23, 2012 1:52pm
Quoting Alorente
Iīm out of EurAud at 1.2479
EurAud +13 pips
Observation is the path to discovery.
  • #899
  • Feb 23, 2012 1:52pm Feb 23, 2012 1:52pm
EURCAD Looking ripe for the pickins! Just waiting for signal on Cross of MA...
  • #900
  • Feb 23, 2012 1:54pm Feb 23, 2012 1:54pm
Quoting lionsden
EURCAD Looking ripe for the pickins! Just waiting for signal on Cross of MA...
Are you still in Gold with live bucks?
Observation is the path to discovery.
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