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Extreme TMA System

  • #1,081
  • Feb 24, 2012 9:16am Feb 24, 2012 9:16am
Quoting Favorite
I agree. There are some basic things you have to do with any system and with any timeframe. Checking with the nearest higher TF must be a habit, you have to do it automatically. When I trade M15, I would never go against good H1 trend.
There you are

Been waiting on the Aussie since NY, looks like the big candle will keep me out since it is almost to the top of the band, it's been bouncin' off the weekly pivot.....

cheers
  • #1,082
  • Feb 24, 2012 9:20am Feb 24, 2012 9:20am
Quoting ikeo
... Al, I think you are sometimes undermining your thread by your interfering, premature fundamental analysis that make you to break your own thread rules by having the tendency to enter a trade prematurely.... When you want to dis-obey your own rule why don't you do it privately....
When you take it upon yourself to be heavy handed in your criticism, why don't you do it privately.
  • #1,083
  • Feb 24, 2012 9:21am Feb 24, 2012 9:21am
I took your advice (rule 1) on the EURUSD today and ended up with 48 pips. Almost made up for yesterday.
  • #1,084
  • Feb 24, 2012 9:31am Feb 24, 2012 9:31am
Quoting Alorente
Thanks. Read what I posted this morning about EurJpy in answer to Alex.
Al,

I like the way you read the charts. You have your system but you know the charts so well that you can even make early entries and you know how to make them profitable.

I have always thought that systems are just tools. The real ability to make money trading lies in the ability of the trader to interpret the charts.

Have a nice weekend.
  • #1,085
  • Feb 24, 2012 9:42am Feb 24, 2012 9:42am
Quoting rcbarlow
I took your advice (rule 1) on the EURUSD today and ended up with 48 pips. Almost made up for yesterday.
When you enter to win pips dollar euro?

Today only gave a sale that came with 20-25 pips loss.
  • #1,086
  • Feb 24, 2012 10:07am Feb 24, 2012 10:07am
Quoting grechmar
Yes, it was a bit risky. However, it was well over the band, there was a spike and the ma crossover turned red. I decided to go in anyway..
grechmar, how's this trade so far ? I noticed that it went over 100 pips against your position...

Please, how did you handle it ? Have you been able to apply the Recovery method yet to exit in BE ?
  • #1,087
  • Feb 24, 2012 10:17am Feb 24, 2012 10:17am
Quoting zznbrm
I assume you guys are looking for a TMA Slope indicator that does something like this:
Yes I think this would help. Could you post the file please. I haven't been able to find it anywhere. Did find something called TMS+CG it was not what you posted.
  • #1,088
  • Feb 24, 2012 10:22am Feb 24, 2012 10:22am
1. Al, If you can give me your opinion I would appreciate it. Taylor (T-Bud) my son, and I, live in California time zone GMT -8 and generally trade between 4am and 8pm pacific, if you were only going to watch 8 pairs, in your opinion what would be the 8 best pairs to watch during those hours? Prior to finding your thread we generally traded EURUSD and ocassionally AUD USD. Or would you consder adjusting trading hours, if so feel free to make a suggestion. The other question we have is, we start trading Sunday afternoon when the market opens around 2:30pm pacific and there are frequently price gaps over the weekend, if those gaps trigger a trade meeting the criteria of the 4 rules would you take the trade or wait for the charts to settle down a bit. Thank you and enjoy your weekend. Again we really appreciate all of your hard work and dedication.
Robert
  • #1,089
  • Feb 24, 2012 11:13am Feb 24, 2012 11:13am
Love the system. Nice thread!!!!

Thank you Alorente!!
  • #1,090
  • Feb 24, 2012 11:26am Feb 24, 2012 11:26am
фаворит. как думаешь эта стратега уже финальная версия ?! или еще будут дорабатывать до грааля
  • #1,091
  • Feb 24, 2012 12:15pm Feb 24, 2012 12:15pm
Thank you.

Quoting zznbrm
To be consistent with your desire on this thread to use the repainting version of TMA, this slope indicator recalculates previous values in the same way.
  • #1,092
  • Feb 24, 2012 12:44pm Feb 24, 2012 12:44pm
Quoting genolom
фаворит. как думаешь эта стратега уже финальная версия ?! или еще будут дорабатывать до грааля...
Нет, это не финальная версия. За Граалем приходи месяца через три!


(This guy asked: what do you think: is it the final version of the strategy or they're gonna improve it until it's The Holy Grail?

And I answered: no, it is not the final version, if you want The Holy Grail - come again in three months! )
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,093
  • Feb 24, 2012 12:51pm Feb 24, 2012 12:51pm
Guys, some of you had bad trades shorting several different currencies.

I don't want to be kind of Monday morning quarterback, but once again:

when you trade M15, you can't go against H1 trend!

All these currencies had very strong H1 long trends, and somehow you kept going against them.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,094
  • Feb 24, 2012 12:53pm Feb 24, 2012 12:53pm
Quoting rcbarlow
I took your advice (rule 1) on the EURUSD today and ended up with 48 pips. Almost made up for yesterday.
Good for you!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,095
  • Feb 24, 2012 1:09pm Feb 24, 2012 1:09pm
Quoting lologo
Hola, Al.

Gracias por tu bonito sistema. He estado leyendo este hilo con mucho detenimiento y cada vez me entusiasma más. A partir de ahora quiero formar parte de esta familia.

Un saludo desde Tenerife.

_________________________________

Hi, Al

Thanks for your nice system. I've been reading this thread very carefully and each time I more excited. From now on I want to be part of this family.

Greetings from Tenerife.
Bienvenido.
Observation is the path to discovery.
  • #1,096
  • Feb 24, 2012 1:14pm Feb 24, 2012 1:14pm
Quoting Favorite
I'm sure in a couple of days Al would explain it in details. But right now I think that if the angle is less than 30 degrees, then it is not that steep. Just my two cents.
Hello Mike,

I´ll think about trend definition for us over the weekend. I would say it is the only weak link in our system right now and a great system like this one can´t have any weak links.
Observation is the path to discovery.
  • #1,097
  • Feb 24, 2012 1:17pm Feb 24, 2012 1:17pm
Quoting bobmorloc
i'm not lucky, it seems i have made the worst trade of the week with EURGBP
I think it could have gone much higher as much as EurUsd has climbed. When Eur consolidates. you should be able to get out of this trade at BE pretty easily in my opinion. You are only down 30 pips. That´s easily recoverable.
Observation is the path to discovery.
  • #1,098
  • Feb 24, 2012 1:18pm Feb 24, 2012 1:18pm
Al,

A suggestion if I may: would it be possible to add a `Top Tips` section to Post 1? There are many pearls of wisdom coming out in the thread that need to be captured in one place.

Really promising start to your thread - congratulations and my sincere thanks!
Make things as simple as possible, but not simpler!
  • #1,099
  • Feb 24, 2012 1:20pm Feb 24, 2012 1:20pm
Quoting zznbrm
I assume you guys are looking for a TMA Slope indicator that does something like this:
It looks pretty good to me. Did you make it yourself?
Observation is the path to discovery.
  • #1,100
  • Feb 24, 2012 1:23pm Feb 24, 2012 1:23pm
Quoting mary4x
When you take it upon yourself to be heavy handed in your criticism, why don't you do it privately.
Thank you Mary. I´m ok with criticism. It is refreshing to be able to speak your mind. As long as there is no disrespect, I think it can be constructive.
Observation is the path to discovery.
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