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Extreme TMA System

  • #981
  • Feb 23, 2012 5:14pm Feb 23, 2012 5:14pm
Quoting Alorente
Beautiful place. He has a farm there with fruit trees, olive trees etc. He is Canadian, moved to Malta and now trades full time. Real nice guy. His thread is EurAnalysis.
Ah, u ve been to malta too? Beautiful place truly, but i would also think its beautiful to live in NYC or some urbanised city. Guess we all want what we do not have .
Found the post, looks inetresting but dont have time to review it as its quite long. Will check it out tomorrow. Im off to sleep, and tkx for your feedback. Reay for soem mroe pips tomorrow
  • #982
  • Feb 23, 2012 5:17pm Feb 23, 2012 5:17pm
Quoting grechmar
Ah, u ve been to malta too? Beautiful place truly, but i would also think its beautiful to live in NYC or some urbanised city. Guess we all want what we do not have .
Found the post, looks inetresting but dont have time to review it as its quite long. Will check it out tomorrow. Im off to sleep, and tkx for your feedback. Reay for soem mroe pips tomorrow
Good night everyone. Talk to you tomorrow.
Observation is the path to discovery.
  • #983
  • Feb 23, 2012 5:38pm Feb 23, 2012 5:38pm
Quoting Alorente
Only very steep trnd matters. IŽll change that on page one to "very steep".
Still very subjective It also depends on how your chart is set up. Just zoom out and it gets steeper and steeper... and the other way round.

But we should first continue to discuss if we want to have a trend direction rules or not. and if yes, what can be the right signal.
If we in the end want a steepness indi for the TMA, fine. That can be built.

Regards
candletiger
  • #984
  • Feb 23, 2012 5:50pm Feb 23, 2012 5:50pm
Short EURUSD
Close to the R5 line
HA red
Outside TMA
Attached Image (click to enlarge)
Click to Enlarge Name: short trade#1.gif Size: 23 KB
  • #985
  • Feb 23, 2012 5:56pm Feb 23, 2012 5:56pm
Quoting Alorente
I would like to get impressions from you on what you consider is the definition of trend as it applies to a 15M system like ours. Throughout my trading life, I have seen, like X-Man said very well yesterday, that trading with the trend produces much better results overtime. I definitely believe that we should have a trend rule in this system. I am not really satisfied with the one IŽve included as rule 1 because it is subjective. How far does the TMA need to slant to consider it a trend? What would you like to see as our trend definition? Maybe,...
Still about the above matter I found this indicator that shows the angle of TMA
( at least this is what i i think it does as time doesnt let me to investigate furthermore )

My best regards
Attached File(s)
File Type: mq4 TMA Angle.mq4   3 KB | 1,042 downloads
  • #986
  • Feb 23, 2012 6:05pm Feb 23, 2012 6:05pm


indicator doing automatically screenshots after a open or close trade and save it as gif file

Quoting candletiger
Does anybody knows an indi or EA that automatically takes a screen snapshot when opening and closing trades? With that, you don't forget and can always pull it out later.
So, answering my own question. Yes, there is one, I just build it (from scratch).
It is technically an indicator that scans your order book for new open and close trades periodically and takes a screenshot. No additional lines and dots on your chart, very simple.

Options should be clear. If not, please ask.


Your comments are very welcome, ideas for improvements as well.

Limitation: single TF only
Let's say, you run this indi in your TF15 but you have the same curreny in another chart at H1, the indi will also do screenshots for trades you do in the H1 chart but with a picture of the M15 chart. (same you know from the build-in sell/buy lines).

regards,
candletiger
Attached File(s)
File Type: mq4 Screenshot.mq4   6 KB | 713 downloads
  • #987
  • Feb 23, 2012 6:17pm Feb 23, 2012 6:17pm
Quoting Alorente
You use the same chart and site that I use. FxPro, my broker does not have a USDIndex chart. I wish they did. If anyone knows of a better chart, please let me know.
Alfredo, first of all, thank you for such an awesome thread. Great work !

You may want to check this out: http://www.fxstreet.com/rates-charts/usdollar-index/

They have some very nice chart options, with several customizations.

You may also want to read more about it on Wikipedia: http://en.wikipedia.org/wiki/U.S._Dollar_Index

The index is compounded of 6 currencies:

Euro (EUR), 58.6% weight
Japanese Yen (JPY) 12.6% weight
Pound sterling (GBP), 11.9% weight
Canadian dollar (CAD), 9.1% weight
Swedish krona (SEK), 4.2% weight and
Swiss franc (CHF) 3.6% weight

Greetings from Brazil,

Beto

http://biotour.com.br/bandeira_brasil_pequena_60.gif
  • #988
  • Feb 23, 2012 7:06pm Feb 23, 2012 7:06pm
Lost every trade today. Spent the day shorting EURUSD everytime I got a signal, then it went away and continued north. This sure sucks in a strong trend, but I think it is good in non-trending markets.
  • #989
  • Feb 23, 2012 7:10pm Feb 23, 2012 7:10pm
My father recently stumbled on this thread the other day and told me to take a look at it. So then we discussed it via skype for about an hour or so to collect our thoughts and absorb all this new information. I am 26 and have been trading on and off now for 6 years. I have searched high and low only to come up on dead end traing strategies. i have always wanted to find a way to pick the tops and bottoms to maximize profits, create confidence and minimize draw downs. I made 130 pips this morning trading 3 different pairs. i exited a trade way too early yesterday on the aud/usd went long at 1.0627 and exited after 13 pips only to find out later it moved a total of about a hudred. Anyways i just heard about this system yesterday and have already made more pips than i ever have in a long time. Thank you so much for sharing this with the world. This is my path to financial freedom. Considering i am still just a kid and now i have one of the greatest tools in my belt. I am forever grateful for this priceless knowledge. Thanks again

Sincerely, Taylor
  • #990
  • Feb 23, 2012 7:49pm Feb 23, 2012 7:49pm
Quoting rcbarlow
Lost every trade today. Spent the day shorting EURUSD everytime I got a signal, then it went away and continued north. This sure sucks in a strong trend, but I think it is good in non-trending markets.
You should follow the rules.

Rule number one:
"1- We will first determine trend in the TMA. If the center line is angled steeply upward we will only take long trades. If the center line is angled steeply downward we will only take short trades. If the TMA center line is approximately moving sideways or slightly angled either way we will take trades in either direction."

If it was a long trend, why you kept going short? Of course you lost every trade!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #991
  • Feb 24, 2012 12:30am Feb 24, 2012 12:30am
My first tade with tma system long usdjpy from 79.98 at 23:00 GMT+1 profit at center line +12 pips while i was sleeping... then price hit top band!!

P.S. Alfredo, can you please answer my question in post 867? if it is possible, if not... muchas grasias de todo modo

ciao
Sabrina
  • #992
  • Feb 24, 2012 12:36am Feb 24, 2012 12:36am
20.7 taken on the Aussie, although it produced more pips I decided to bail before edging towards Frankfurt Open...

Pete

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 69 KB
  • #993
  • Feb 24, 2012 12:47am Feb 24, 2012 12:47am
HEllo everyone

Question to my friend Al,

I have a short on EY opened tuesday, it's now -150 pips
as the trend is still up on this pair, would you recomend a recovery trade short anyway (if we wait for a short signal with bands south, it make take days), or wait for a long signal on this pair to place the recovery trade as a long ?

thanks
  • #994
  • Feb 24, 2012 12:53am Feb 24, 2012 12:53am
Hello everyone. I have clarified further the system instructions on Page 1. I recommend that you read them again. The new wording should answer most of the questions that you have posed in the past two days.
Observation is the path to discovery.
  • #995
  • Feb 24, 2012 12:55am Feb 24, 2012 12:55am
Quoting candletiger
Still very subjective It also depends on how your chart is set up. Just zoom out and it gets steeper and steeper... and the other way round.

But we should first continue to discuss if we want to have a trend direction rules or not. and if yes, what can be the right signal.
If we in the end want a steepness indi for the TMA, fine. That can be built.

Regards
candletiger
Yes. If anyone has the ability to build a steepness indicator that is visually simple, that would be greatly appreciated.
Observation is the path to discovery.
  • #996
  • Feb 24, 2012 12:57am Feb 24, 2012 12:57am
Quoting corvogrigio
Still about the above matter I found this indicator that shows the angle of TMA
( at least this is what i i think it does as time doesnt let me to investigate furthermore )

My best regards
I will look at it and let you know my opinion. Thanks again, Franco. Your work is helping this thread get better.
Observation is the path to discovery.
  • #997
  • Feb 24, 2012 12:59am Feb 24, 2012 12:59am
Quoting candletiger


indicator doing automatically screenshots after a open or close trade and save it as gif file



So, answering my own question. Yes, there is one, I just build it (from scratch).
It is technically an indicator that scans your order book for new open and close trades periodically and takes a screenshot. No additional lines and dots on your chart, very simple.

Options should be clear. If not, please ask.


Your comments are very welcome, ideas for improvements as well.

Limitation: single TF only
Let's...
Really cool, man. Thanks a lot candletiger.
Observation is the path to discovery.
  • #998
  • Feb 24, 2012 1:01am Feb 24, 2012 1:01am
Quoting beto21_cwb
Alfredo, first of all, thank you for such an awesome thread. Great work !

You may want to check this out: http://www.fxstreet.com/rates-charts/usdollar-index/

They have some very nice chart options, with several customizations.

You may also want to read more about it on Wikipedia: http://en.wikipedia.org/wiki/U.S._Dollar_Index

The index is compounded of 6 currencies:

Euro (EUR), 58.6% weight
Japanese Yen (JPY) 12.6% weight
Pound sterling (GBP), 11.9% weight
Canadian dollar (CAD), 9.1% weight
Swedish krona (SEK),...
Thank you. I use the Dollar Index continuously. I will check out your site.
Observation is the path to discovery.
  • #999
  • Feb 24, 2012 1:03am Feb 24, 2012 1:03am
Quoting Alex84
HEllo everyone

Question to my friend Al,

I have a short on EY opened tuesday, it's now -150 pips
as the trend is still up on this pair, would you recomend a recovery trade short anyway (if we wait for a short signal with bands south, it make take days), or wait for a long signal on this pair to place the recovery trade as a long ?

thanks
Alex, did u mean EURJPY? If that what you mean, then you are trading against the trend. Some pair like EURJPY and USDJPY often goes with a long trend. If you are with the trend it was okay but if you against it it could be disastrous. Since I was testing this system, I never goes against a strong trend and never loose a trade (testing only for 3 days).

Al, I found to recognize TMA slope just by looking at chart often misleading as It depends on the zoom level, I wonder if we could incorporate some indie to display the TMA slope displayed with number and put a limit to how much slope we would take a trade against the trend. This could be useful as often in a ranging pair when the price goes to other side of the band the TMA will turn a bit, so even if there is no trend TMA slope would be slightly against our trade direction. I try to corporate VSA analysis for my trades, use it for stock back then. Maybe if we could incorporate this and make an easier method to recognize it this also could be useful, I use this to differentiate a spike from an actual direction but it's a bit complicated for most of us. An example of VSA analysis is the current PA in EURUSD, the down movement few moment ago is just a spike I think and we should continue to go north. Got a short position on EU and I think I consider to cut it, but movement from this level could only reach 1.342x-1.343x (using measured move method) excluding the spike if she decide to go south after that. Not much left for the bull I think, but the momentum is high on this move as it came from interest rate(draghi on banks).
  • #1,000
  • Feb 24, 2012 1:06am Feb 24, 2012 1:06am
Quoting rcbarlow
Lost every trade today. Spent the day shorting EURUSD everytime I got a signal, then it went away and continued north. This sure sucks in a strong trend, but I think it is good in non-trending markets.
It was dangerous to short EurUsd yesterday since the TMA was angled steeply all day. Please read Entry Rule 1 on the front page. The system works very well in a trending market as long as the trend is not going very heavily against you. This morning we are getting a leveling off of the angle of TMA, and shorts are feasible.
Observation is the path to discovery.
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