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Extreme TMA System

  • #1,101
  • Feb 24, 2012 1:27pm Feb 24, 2012 1:27pm
Quoting rivtrader
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.
True. When you spend three decades looking at charts for hours every day, you reach the point where they almost speak to you. Things just pop out at you clearly. There are still surprises often though, like the levitation act that Eur Usd is putting on now. The higher they rise, the harder they fall.
Observation is the path to discovery.
  • #1,102
  • Feb 24, 2012 1:37pm Feb 24, 2012 1:37pm
Quoting Surfnomad
1. [font=Calibri][size=3]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...
Thanks for your post. IŽll answer the gap question first. NO!!!. Never enter a market after a gap open. Over 90% of gaps are closed, many times even in the same day. The place to buy is right after the gap closed. For example, If EurUsd gaps open by 50 pips, you must wait for the gap to close before going long. IŽts ok to go short at the top of the gap move, once the 4 conditions are valid, but never chase the market.

As far as the 8 pairs that fit your time zone, they would be:

EurUsd, USDJpy, AudUsd, EurAud, EurJpy, GbpJpy, AudJpy, UsdCad.

Jpy has been dead for a long time. I think that is changing and it should revert to its normal volatility from now on, so all the Jpy pairs should work out fine.

Have a nice weekend.
Observation is the path to discovery.
  • #1,103
  • Feb 24, 2012 1:39pm Feb 24, 2012 1:39pm
Quoting bcarbon
Love the system. Nice thread!!!!

Thank you Alorente!!
Nice to have you with us bCarbon.
Observation is the path to discovery.
  • #1,104
  • Feb 24, 2012 1:40pm Feb 24, 2012 1:40pm
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. See "TmaSlope":

Edit:

Of course, some of you may prefer to see the slope values as they were at the close of each candle (ie, once a bar closes, previous slope values are not recalcuated; giving you a "snapshot" of the TMA slope for each bar close; nice for visual backtest). This is a little tricky, but still doable. See "TmaSlope2":
Great !! thanks. IŽll evaluate them tomorrow.
Observation is the path to discovery.
  • #1,105
  • Feb 24, 2012 1:42pm Feb 24, 2012 1:42pm
Quoting genolom
фаворит. как думаешь эта стратега уже финальная версия ?! или еще будут дорабатывать до грааля...
Holy Moses, I think I have to learn Greek now. Or is it Russian...
Observation is the path to discovery.
  • #1,106
  • Feb 24, 2012 1:43pm Feb 24, 2012 1:43pm
Quoting Favorite
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...
Mike, IŽm impressed... You understand this?
Observation is the path to discovery.
  • #1,107
  • Feb 24, 2012 1:44pm Feb 24, 2012 1:44pm
Quoting SoF29
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!
I agree.... lots of wisdom/experience popping up...should be captured somewhere...should be very great...
  • #1,108
  • Feb 24, 2012 1:46pm Feb 24, 2012 1:46pm
Quoting Alorente
I would say it is the only weak link in our system right now and a great system like this one canŽt have any weak links.
You're absolutely right!


Quoting Alorente
IŽll think about trend definition for us over the weekend.
Al, that's great! Thank you very much!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,109
  • Feb 24, 2012 1:47pm Feb 24, 2012 1:47pm
Quoting interbucks
I agree.... lots of wisdom/experience popping up...should be captured somewhere...should be very great...
This is unreal. As I was coming back from the golf course, I was visualizing doing just that. Compiling all the tips we talk about and writing a section with them on page 1. when I have some time... I will get started on it...
Observation is the path to discovery.
  • #1,110
  • Feb 24, 2012 1:52pm Feb 24, 2012 1:52pm
Quoting Alorente
Mike, IŽm impressed... You understand this?
Yes, Al, I understand it, and that's not Greek, it's Russian!


P.S. I hope I was right about the Grail in three months!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,111
  • Feb 24, 2012 1:56pm Feb 24, 2012 1:56pm
Quoting Alorente
This is unreal. As I was coming back from the golf course, I was visualizing doing just that. Compiling all the tips we talk about and writing a section with them on page 1. when I have some time... I will get started on it...
Thanks Al
I trust you had a great round of gholf. Thanks again for what you are sharing. Have a great weekend and do'nt work too hard. Sometimes its a good thing the markets are closed over weekends. We have to take a break from it all. This coming week this TMA will be fine tuned down to a T, and I'm looking forward to it!
Cheers!
  • #1,112
  • Feb 24, 2012 1:59pm Feb 24, 2012 1:59pm
Quoting Alorente
This is unreal. As I was coming back from the golf course, I was visualizing doing just that. Compiling all the tips we talk about and writing a section with them on page 1. when I have some time... I will get started on it...
I was also thinking that I have spent so many hundreds of thousands of hours studying, thinking about and learning everything I could get my hands on about the markets, TA and trading and that it would be a huge waste that all that I was able to learn would dissappear when I die, which at 61, could be anytime. So, as we go forward, I would like to transfer to you as many of the concepts I have as possible. I have even created my own theory as to how the markets move and even why they do what they do, that I have never discussed with anybody. Slowly, I intend to pass all this along to you. For now, this will be an open forum, but as we move forward, we will end up with a real tight knit group of guys, several dozen maybe. Then weŽll make this members only and begin to discuss the things I know or have developed that give me an edge on most people. Maybe even have an annual meeting somewhere with trading discussion, etc. Mind you, there are many, many guys that know tons more than I do, but how they pass along their knowledge is their business. I only worry about my own legacy.
Observation is the path to discovery.
  • #1,113
  • Feb 24, 2012 2:01pm Feb 24, 2012 2:01pm
Quoting interbucks
Thanks Al
I trust you had a great round of gholf. Thanks again for what you are sharing. Have a great weekend and do'nt work too hard. Sometimes its a good thing the markets are closed over weekends. We have to take a break from it all. This coming week this TMA will be fine tuned down to a T, and I'm looking forward to it!
Cheers!
You have a great one too, my friend.
Observation is the path to discovery.
  • #1,114
  • Feb 24, 2012 2:07pm Feb 24, 2012 2:07pm
This is good stuff Al. There have been threads over the years with the TMA but they drop off and die. This is simpler than most of them and you have some uinique indicators combined.

Some people have been warning against trading against the trend on 1 hour. I would stick a 240 EMA or 200EMA (50 hours) and when the 56 LWMA ( which is the Middle TMA line) is above (Uptrend) or below (downtrend) then use that as a guide as to the daily trend direction.
  • #1,115
  • Feb 24, 2012 2:08pm Feb 24, 2012 2:08pm
Aren, one of our members, just PMed me asking how to incorporate my voice alarms and reminders into the indicators. Aren, here is your response:

We will be doing that. It is done in the code. Once we settle on 2 or 3 guys going forward that are willing and can do the coding for us, I would like to have all our indicators, EAŽs trigger points, levels, etc, speak to us, to remind us what to do and when. No more beeps and chimes. WeŽll have the coolest speaking MT4 anywhere. I want a sexy voice saying to me "Alfredo, EurUsd just crossed the outer band, I think you should look at closing the order..."
Observation is the path to discovery.
  • #1,116
  • Feb 24, 2012 2:12pm Feb 24, 2012 2:12pm
Quoting Finsia
This is good stuff Al. There have been threads over the years with the TMA but they drop off and die. This is simpler than most of them and you have some uinique indicators combined.

Some people have been warning against trading against the trend on 1 hour. I would stick a 240 EMA or 200EMA (50 hours) and when the 56 LWMA ( which is the Middle TMA line) is above (Uptrend) or below (downtrend) then use that as a guide as to the daily trend direction.
The 200 SMA is my bread and butter indicator, together with the 55 EMA Triple Exponential (Called Coral on THV4), Those two combine with each other to give me tons of information, including trend, cycles, etc.
Observation is the path to discovery.
  • #1,117
  • Feb 24, 2012 2:13pm Feb 24, 2012 2:13pm
Quoting Alorente
I was also thinking that I have spent so many hundreds of thousands of hours studying, thinking about and learning everything I could get my hands on about the markets, TA and trading and that it would be a huge waste that all that I was able to learn would dissappear when I die, which at 61, could be anytime. So, as we go forward, I would like to transfer to you as many of the concepts I have as possible. I have even created my own theory as to how the markets move and even why they do what they do, that I have never discussed with anybody. Slowly,...
Al, you're a great guy, I really appreciate your decision to pass along your knowledge.

But having said that I also have to add:

Al, you know what they say: life just starts at 60!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,118
  • Feb 24, 2012 2:13pm Feb 24, 2012 2:13pm
Quoting Alorente
I was also thinking that I have spent so many hundreds of thousands of hours studying, thinking about and learning everything I could get my hands on about the markets, TA and trading and that it would be a huge waste that all that I was able to learn would dissappear when I die, which at 61, could be anytime. So, as we go forward, I would like to transfer to you as many of the concepts I have as possible. I have even created my own theory as to how the markets move and even why they do what they do, that I have never discussed with anybody. Slowly,...
I should confess that you have one of the best(among the first five!) threads in FF trading systems.

Your rules and philosophies of trading are real real logical and it does make sense with real business. the way you look at the market it is really excellent because you believe you are doing a business and you have tried hard for what you got now
I really appreciate your hard work and your great mind


Best Regards

one of your silent followers

an always student = Shahrooz
  • #1,119
  • Feb 24, 2012 2:13pm Feb 24, 2012 2:13pm
[quote=Alorente;5418509]...I would like to transfer to you as many of the concepts I have as possible....quote]

Hola, Al!

LOL! I, too, am in a similar boat at 69 years old! (At 61 you are just a spring chicken! )

I, too, have had a similar (expensive) journey, and applaud your willingness to share!

BTW I have been trying to save the little nuggets of knowledge that you have been passing along as we go, and this weekend I had hoped to go through all the posts and make a record of those that I missed earlier.

Perhaps, they could be compiled into a journal.
The mind thinks, the heart knows...
  • #1,120
  • Feb 24, 2012 2:20pm Feb 24, 2012 2:20pm
Quoting Favorite
Al, you're a great guy, I really appreciate your decision to pass along your knowledge.

But having said that I also have to add:

Al, you know what they say: life just starts at 60!
I feel better than I have ever felt. Do weights with a trainer three times a week in the gym at my house, have only 20% body fat and havenŽt had a cold in 6 years, but you know what I mean, It could happen when you least expect it. Plus, my two kids have their own lives in the US, I am divorced and I live alone in Madrid in a huge house/mansion. This is fun for me and constructive. IŽve worked all my life and canŽt not work anymore and going to charity functions is not my cup of tea. IŽve been thinking about this for 5 years, and IŽm very glad I finally took the step. And you, Mike were a big influence on my decision to go forward. I have to admit that.
Observation is the path to discovery.
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