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Extreme TMA System

  • #1,261
  • Feb 27, 2012 4:50am Feb 27, 2012 4:50am
Hi Al,
Some wise guy told me once:
"She got to show some leg and skin before dropping the panty"
gotta see something before doing it, in order to be consistent.. a valid swing off the any ranging time, is the ingredients for higher probable trade, even if PA has shown a strong previous trend.. me and you both know it can and will end at anytime as it wishes in a blink of eye.
missing the run occasionally is far better getting slaughter consistently in range by worshiping formation.
don't mean to be negative here at all, its just a vital hint.

Nice job with the thread wish the best.
  • #1,262
  • Feb 27, 2012 4:54am Feb 27, 2012 4:54am
Quoting P.Dean
Hi Al,
Some wise guy told me once:
"She got to show some leg and skin before dropping the panty"
gotta see something before doing it, in order to be consistent.. a valid swing off the any ranging time, is the ingredients for higher probable trade, even if PA has shown a strong previous trend.. me and you both know it can and will end at anytime as it wishes in a blink of eye.
missing the run occasionally is far better getting slaughter consistently in range by worshiping formation.
don't mean to be negative here at all, its just a vital...
I´m not quite saying that you should enter the trade solely on spotting the formation. Just to keep and eye open for these in order to spot them and then enter the trade SOLELY when the rules of the system apply.
Observation is the path to discovery.
  • #1,263
  • Feb 27, 2012 5:03am Feb 27, 2012 5:03am
I make forward test on 1min EU last week (didn't take in the count the slope of TMA ) SL - last swing high/low, TP - middle band.
In 21 trades the W/L ratio was around 60%.
Today 1 Win 4 Loses.
  • #1,264
  • Feb 27, 2012 5:05am Feb 27, 2012 5:05am
Quoting Alorente
I´m not quite saying that you should enter the trade solely on spotting the formation. Just to keep and eye open for these in order to spot them and then enter the trade SOLELY when the rules of the system apply.
in that case its valid...
I don't know your rules I just have by a few look grasped the overall idea of your trading concept, excuse my laziness.
my only concern was a necessity of a initial recent move off any super formation still for confirmation is vital, that's all.

Your time and effort is well appreciated brother.
  • #1,265
  • Feb 27, 2012 5:18am Feb 27, 2012 5:18am
Just given signal
  • #1,266
  • Feb 27, 2012 5:19am Feb 27, 2012 5:19am
CADJPY
AUDJPY
EURJPY

Look like long setups to me. Would you recommend passing on these as the TMA slope is in between -.5 to -1?
  • #1,267
  • Feb 27, 2012 5:32am Feb 27, 2012 5:32am
Quoting Jemook
CADJPY
AUDJPY
EURJPY

Look like long setups to me. Would you recommend passing on these as the TMA slope is in between -.5 to -1?
Your decision. Rule 1 is pretty clear. I will follow it until we find a better way to determine trend. Between -50 and -1 and between .50 and 1.00 I may place trades occasionally if the signals happen when price is well outside of the bands. I will avoid all counter trades above 1.00 and below -1.00.
Observation is the path to discovery.
  • #1,268
  • Feb 27, 2012 5:32am Feb 27, 2012 5:32am
Quoting Alorente
I would like to hear your suggestions on what the numbers should be, but don´t forget that as you scroll back, the TMA you see is not an actual reflection of what it was at the time of the trade. I drew those numbers from very recent price action on EurUsd and other pairs. I´m sure we´ll have to teak them further.
Hi Al! welcome back

I'd like you want to give a glance to the pic. In my TPl i overlayied 8 upper and lower bands with TMA TRUE

This shows that price (while it was substantially still ) "moved" from the 4th upper band to only 1st lower band before moving to north again. In that day (unless tmatrue is a tmaFAKE lol ) price never reached the lower level of regular TMA

I know that there are a lot of lines but I strongly think that TMATRUE is a great help for backstudy and that maybe we could adjust rules working on how many levels of bands price go trhough before changing direction.

I'd like to know what you think about that.

Always thankful - as all of us - 4 your dedication

Ciao, Franco
Attached Image (click to enlarge)
Click to Enlarge Name: CaptureEU.PNG Size: 78 KB
  • #1,269
  • Feb 27, 2012 5:34am Feb 27, 2012 5:34am
Quoting Alorente
but don´t forget that as you scroll back, the TMA you see is not an actual reflection of what it was at the time of the trade.
This is why I use indicators that DO actually reflect what it was at the time of the trade. Believe me, I've experienced this TMA repainting discussion numerous times over the years, I think I know how to handle it.

But this brings up the question - why did you just post a chart/explanation of two situations that were "not an actual reflection of what it was at the time of the trade"?

In your Formation A, the candles never actually got near the lower band of the TMA - thus no trade according to the rules. In your Formation B, price got near the lower band of the TMA (within 1 pip, checked on 3 different brokers), but never touched it - thus no trade according to the rules. Please, don't take my word for it...run it through a simulator and you will see.

You say that those were "two fantastically accurate formations that consistently put money in your account". Yes, they are nice formations of common price movements...but, in the context of this strategy, they were not tradable.

It is very confusing to me (and I've been doing this for awhile) why you would post a chart like that. Don't you think that posting charts like that is probably very, very confusing to the new (and old) traders viewing this thread?
  • #1,270
  • Feb 27, 2012 5:43am Feb 27, 2012 5:43am
Quoting corvogrigio
Hi Al! welcome back

I'd like you want to give a glance to the pic. In my TPl i overlayied 8 upper and lower bands with TMA TRUE

This shows that price (while it was substantially still ) "moved" from the 4th upper band to only 1st lower band before moving to north again. In that day (unless tmatrue is a tmaFAKE lol ) price never reached the lower level of regular TMA

I know that there are a lot of lines but I strongly think that TMATRUE is a great help for backstudy and that maybe we could adjust rules working on how many levels of bands...
And about the way to measure how far we are from the TMA regular band (the lower one in this case)
it shows that in EU we touched the 4th lower band recently
Attached Image (click to enlarge)
Click to Enlarge Name: CaptureEU2.PNG Size: 47 KB
  • #1,271
  • Feb 27, 2012 5:53am Feb 27, 2012 5:53am
Quoting Alorente
Forex Girl, I love your avatar. If the other eye is as beautiful as this one, you have quite a pair!
If I Change, the whole World changes!
  • #1,272
  • Feb 27, 2012 6:03am Feb 27, 2012 6:03am
Quoting zznbrm
This is why I use indicators that DO actually reflect what it was at the time of the trade. Believe me, I've experienced this TMA repainting discussion numerous times over the years, I think I know how to handle it.

But this brings up the question - why did you just post a chart/explanation of two situations that were "not an actual reflection of what it was at the time of the trade"?

In your Formation A, the candles never actually got near the lower band of the TMA - thus no trade according to the rules. In your Formation B, price got near...
I am not saying that those two specific trades in that direction, on that pair, at that particular time, were as reflected in that chart in real time. What I am showing is an example of what those two formations should look like in real time for them to be valid. This has been mentioned repeatedly as a problem with TMA. What applies right now, will not apply tomorrow, but it serves a purpose to illustrate a sample of what the real time formations would look like for the trades to be good ones.

Thanks for bringing this up again, to avoid any possible confusion.
Observation is the path to discovery.
  • #1,273
  • Feb 27, 2012 6:10am Feb 27, 2012 6:10am
Really nice knowledge exchange here.
Tks Al and everyone that are participating...

First trade live with this method today...

I just went short on USD/CAD at 1.00310
R4 was respected and all the rules are matched. Setup was triggered at the first top so if the price come to the midle tma i take my profits. If the prices come up again to a double top I pretend to short again but this time for at least 1:1 RR.

J.O
Attached Image (click to enlarge)
Click to Enlarge Name: tma1.gif Size: 48 KB
  • #1,274
  • Feb 27, 2012 6:12am Feb 27, 2012 6:12am
Also waiting to price cross the 5 lwma up to go long in CrudeOIL
  • #1,275
  • Feb 27, 2012 6:15am Feb 27, 2012 6:15am
Quoting JoaoOliveira
Really nice knowledge exchange here.
Tks Al and everyone that are participating...

First trade live with this method today...

I just went short on USD/CAD at 1.00310
R4 was respected and all the rules are matched. Setup was triggered at the first top so if the price come to the midle tma i take my profits. If the prices come up again to a double top I pretend to short again but this time for at least 1:1 RR.

J.O
Very good trade. I was looking at it, but did not enter because I already have several trades going.
Observation is the path to discovery.
  • #1,276
  • Feb 27, 2012 6:41am Feb 27, 2012 6:41am
Hi everyone,

I recommend to give this TMA indi a go as well.. it shows the strength slope of the band, which is a great help in both areas for and against the trend trades, off the pullback with the trend when strength is normal, and to counter against the trend, when strength is way too high..
it gives you a overall sense of measurement for better decision making. although I do not know the whole system in here but if this could be a help why not try it and see if it works.
check out the the blue shade in the bottom right hand corner.

Dear Al, if this is not ok with you, all you got to do is to shout at me and I will delete it faster than bullet can fly.

good luck to all.
Attached Image (click to enlarge)
Click to Enlarge Name: 4.gif Size: 51 KB
Attached File(s)
File Type: mq4 !TMA True v2.mq4   8 KB | 1,012 downloads
  • #1,277
  • Feb 27, 2012 7:13am Feb 27, 2012 7:13am
Quoting P.Dean
Hi everyone,

I recommend to give this TMA indi a go as well.. it shows the strength slope of the band, which is a great help in both areas for and against the trend trades, off the pullback with the trend when strength is normal, and to counter against the trend, when strength is way too high..
it gives you a overall sense of measurement for better decision making. although I do not know the whole system in here but if this could be a help why not try it and see if it works.
check out the the blue shade in the bottom right hand corner.

Dear...
It´s ok with me Dean. It would be nice if you had the same numbers display on a smooth TMA.
Observation is the path to discovery.
  • #1,278
  • Feb 27, 2012 7:34am Feb 27, 2012 7:34am
Quoting Alorente
It´s ok with me Dean. It would be nice if you had the same numbers display on a smooth TMA.
I am no coder or programmer, there was a nice guy in my thread who understood my concept well and put this together for me.
I don't see why that can't be done with smooth tma as well.. hopefully a nice coder will show up and put that together for you.

ps) my buddy's username is: jmw1970 (John).. send him a pm if you like, he is a very nice guy and a great coder and he knows TMA's ins and outs.
  • #1,279
  • Feb 27, 2012 7:42am Feb 27, 2012 7:42am
Quoting P.Dean
Hi everyone,

I recommend to give this TMA indi a go as well.. it shows the strength slope of the band, which is a great help in both areas for and against the trend trades, off the pullback with the trend when strength is normal, and to counter against the trend, when strength is way too high..
it gives you a overall sense of measurement for better decision making. although I do not know the whole system in here but if this could be a help why not try it and see if it works.
check out the the blue shade in the bottom right hand corner.

Dear...
Thanks for sharing Dean, does this TMA indi repaint?
  • #1,280
  • Feb 27, 2012 7:45am Feb 27, 2012 7:45am
Quoting Surfnomad
Thanks for sharing Dean, does this TMA indi repaint?
NO it does not and that's the whole point.. its TMA True with a kicker.
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