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Extreme TMA System

  • #1,341
  • Feb 27, 2012 1:09pm Feb 27, 2012 1:09pm
Hello with all,

Thank you Al for your generosity. I tested your method all January this week end on “LFH Simulator” for taking in hand your method well. I think that with the practice, we can gain much trades.
Thank you still, you are it welcome on Montpellier.
  • #1,342
  • Feb 27, 2012 1:17pm Feb 27, 2012 1:17pm
Quoting Alorente
Are the arrow entry points. They don´t seem to signal good entries and some don´t match the symphonie lights on the matrix on your chart picture.

The trend lights use what to determine trend in each TF?

The arrows were devised by Realjumper and are being used by some as an additional entry signal to symphonie. Not sure what the trendbar is based on - I`m sure somebody more technically-minded can analyse it ...
Make things as simple as possible, but not simpler!
  • #1,343
  • Feb 27, 2012 1:33pm Feb 27, 2012 1:33pm
Alorente, look at this TMA
Attached Image (click to enlarge)
Click to Enlarge Name: 1_27_3.gif Size: 37 KB
Attached File(s)
File Type: mq4 Dynamic zone TMA centered mtf.mq4   9 KB | 1,812 downloads
File Type: rar dynamicZone.rar   27 KB | 1,818 downloads
  • #1,344
  • Feb 27, 2012 1:40pm Feb 27, 2012 1:40pm
Alorente

Why you took aud usd short even if tma slope is higher than 0.5 ?

Thanks !
  • #1,345
  • Feb 27, 2012 1:45pm Feb 27, 2012 1:45pm
Thanks for helping us so much Al: here's a gold trade that hit my tp at S1 as shown on the attached. This stuff works when the markets are moving and care is required the rest of the time to stay out...hard to do.

I am pleased overlaying the TMAslope indicator over the extreme spike indicator to save space...seems to work well so far.

Steve
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 20 KB
  • #1,346
  • Feb 27, 2012 1:45pm Feb 27, 2012 1:45pm
Quoting Clair
Alorente, look at this TMA
Looks pretty...
Observation is the path to discovery.
  • #1,347
  • Feb 27, 2012 1:49pm Feb 27, 2012 1:49pm
Quoting LuisPrinc
Alorente

Why you took aud usd short even if tma slope is higher than 0.5 ?

Thanks !
It was 0.61 when I took the trade and the TMA Slope was descending. I felt it was close enough and the risk/reward looked good with price being so far above the band. We´ll see if it pays off or not.
Observation is the path to discovery.
  • #1,348
  • Feb 27, 2012 1:50pm Feb 27, 2012 1:50pm
Quoting LuisPrinc
Alorente

Why you took aud usd short even if tma slope is higher than 0.5 ?

Thanks !
yeap i like to know too.

thanks
  • #1,349
  • Edited 2:24pm Feb 27, 2012 2:16pm | Edited 2:24pm
Quoting corvogrigio
I'm in too UCa at .9992 STOP .9892 TP 1.0018 for now (I must go out for a short while) Lets see what happens...
Hey Al

As I'm going to sleep in one hour or two , and tomorrow Iìll be out 4 work almost all day, what is your advice about this trade?

I mean TP and SL...I'm down 12 pips right now Not sure if my set of TP and SL are correct.

From a side of view I guess that if Im confident (as I am ) that price must rebounce, having a large sl let the price to breath... but on the other side the risk/reward ratio its not in my favour.

I'd love to have your opinion if you can.

Thank you in advance
Franco


And what s your take about EUR after "Merkel Wins Greek Aid Vote" ?
  • #1,350
  • Feb 27, 2012 2:25pm Feb 27, 2012 2:25pm
Quoting FXnitroC
yeap i like to know too.

thanks
The TMA Slope indicator was made by zznbrm on Friday. I studied it over the weekend and established preliminary arbitrary levels of -0.50 to +0.50 for ranging TMA values. These are not written in stone yet. I want to see if the final levels for a range should be lowered or increased before a final determination is made. Entering this position at 0.61 is close enough at this point in my view, especially considering that the values of TMA Slope were decreasing at that point in time. Right now it is at 0.79 and the position is showing a profit of +10 pips. We´ll see how it develops.
Observation is the path to discovery.
  • #1,351
  • Feb 27, 2012 2:31pm Feb 27, 2012 2:31pm
Regarding my post above, I would like to get your input on the "above 0.50 to 1.00" and "below -0.50 to -1.00" grey areas where long trades are not recommended.

My question is:

Should we remove the grey area and make "Above 0.50 Place only long trades" and "Below -0.50 place only short trades".

Please, let me know what you think.

Thanks.
Observation is the path to discovery.
  • #1,352
  • Feb 27, 2012 2:36pm Feb 27, 2012 2:36pm
Quoting Alorente
Regarding my post above, I would like to get your input on the "above 0.50 to 1.00" and "below -0.50 to -1.00" grey areas where long trades are not recommended.

My question is:

Should we remove the grey area and make "Above 0.50 Place only long trades" and "Below -0.50 place only short trades".

Please, let me know what you think.

Thanks.
In my HO I' d let grey area leave. Maybe we should find a more rational way to state levels ...anyway till now I like 0,5 and 1,0
  • #1,353
  • Feb 27, 2012 2:38pm Feb 27, 2012 2:38pm
Quoting corvogrigio
Hey Al

As I'm going to sleep in one hour or two , and tomorrow Iìll be out 4 work almost all day, what is your advice about this trade?

I mean TP and SL...I'm down 12 pips right now Not sure if my set of TP and SL are correct.

From a side of view I guess that if Im confident (as I am ) that price must rebounce, having a large sl let the price to breath... but on the other side the risk/reward ratio its not in my favour.

I'd love to have your opinion if you can.

Thank you in advance
Franco


And what...
I am also retiring to rest in 30 minutes. Long day yesterday. I intend to leave UsdCad open with a TP of 1.0010. As far as the SL is concerned, as you know, I don´t place close SL, but you should leave it as is and not change it. It is never a good idea to change a SL in my view.

Regarding, AudUsd, I am debating right now whether to leave it open or close it. I´ll decide in the next 20 minutes. The S&P position will remain open for the start of tomorrow´s session.
Observation is the path to discovery.
  • #1,354
  • Feb 27, 2012 2:43pm Feb 27, 2012 2:43pm
Quoting Alorente
I am also retiring to rest in 30 minutes. Long day yesterday. I intend to leave UsdCad open with a TP of 1.0010. As far as the SL is concerned, as you know, I don´t place close SL, but you should leave it as is and not change it. It is never a good idea to change a SL in my view.

Regarding, AudUsd, I am debating right now whether to leave it open or close it. I´ll decide in the next 20 minutes. The S&P position will remain open for the start of tomorrow´s session.
Thank you very much...I'll lower a bit my TP then

So its just a bit under the resistence...
  • #1,355
  • Feb 27, 2012 2:46pm Feb 27, 2012 2:46pm
Quoting Alorente
Regarding my post above, I would like to get your input on the "above 0.50 to 1.00" and "below -0.50 to -1.00" grey areas where long trades are not recommended.

My question is:

Should we remove the grey area and make "Above 0.50 Place only long trades" and "Below -0.50 place only short trades".

Please, let me know what you think.

Thanks.

My "unscientific" opinion is that a slope of .5 or -.5 is not that steep. A slope of +1 would be 45 degrees. I personally term that a "power trend" and would not trade against that. So, I might lean toward bi-directional trading above .5, but the closer to slope =1 , the more trading with the slope direction only. I would add other factors from .5 to 1 such as R/R, S/R and recent price action acceleration for final decision.
  • #1,356
  • Feb 27, 2012 2:53pm Feb 27, 2012 2:53pm
Hello Al and all. Been following the thread, although not trading it at this time. Too easy to keep switching from one system to another and not making money.

Al, too you -- nice to see a gentleman running this thread.

I did take a look at TMAslope and the problems that people are having with it. I change the logic used to calculate the tick weight for differt pairs and different brokers. You will find it attached. Note that I compiled it under MT4 Build 409. If you are not using Build 409 or higher, it could crash or hang your system. Either use the .mql file attached and let your MT$ recompile it, or go to your broker and upgrade to the latest version of MT4.

Good trading.

George



Quoting Alorente
The TMA Slope indicator was made by zznbrm on Friday. I studied it over the weekend and established preliminary arbitrary levels of -0.50 to +0.50 for ranging TMA values. These are not written in stone yet. I want to see if the final levels for a range should be lowered or increased before a final determination is made. Entering this position at 0.61 is close enough at this point in my view, especially considering that the values of TMA Slope were decreasing at that point in time. Right now it is at 0.79 and the position is showing a profit of +10...
Attached File(s)
File Type: mq4 TmaSlope.v1.1.mq4   5 KB | 1,160 downloads
File Type: ex4 TmaSlope.v1.1.ex4   5 KB | 826 downloads
  • #1,357
  • Feb 27, 2012 2:56pm Feb 27, 2012 2:56pm
Quoting corvogrigio
Thank you very much...I'll lower a bit my TP then

So its just a bit under the resistence...
Exactly. R2 is at 1.0008 so in that area it will be fine.
Observation is the path to discovery.
  • #1,358
  • Feb 27, 2012 3:00pm Feb 27, 2012 3:00pm
Quoting EasyRyder
Hello Al and all. Been following the thread, although not trading it at this time. Too easy to keep switching from one system to another and not making money.

Al, too you -- nice to see a gentleman running this thread.

I did take a look at TMAslope and the problems that people are having with it. I change the logic used to calculate the tick weight for differt pairs and different brokers. You will find it attached. Note that I compiled it under MT4 Build 409. If you are not using Build 409 or higher, it could crash or hang your system....
Thanks George,

It´s nice to have you with us. I have a high regard for your work. Let me know what you think of the system when you get a few trades under your belt. I will appreciate your comments.

And thanks for the personal compliment...
Observation is the path to discovery.
  • #1,359
  • Feb 27, 2012 3:04pm Feb 27, 2012 3:04pm
S&P closed pretty weak. I expect a lower open tomorrow and a consolidation for the next day or two of up to 5%. That will affect the Euro and the USD. In view of this, I am leaving all positions open.
Observation is the path to discovery.
  • #1,360
  • Feb 27, 2012 3:06pm Feb 27, 2012 3:06pm
Closed Trades:

EurUsd for +55 pips

Gold for +78 pips

GbpAud for +49 pips

AudJpy +50 pips

AudNzd -16 pips

UsdJpy +3 pips

Gold +24 pips

Total for Today: +243 pips

Open Trades:

UsdChf -58 pips (in recovery)

AudUsd +15 pips

UsdCad +4 pips

S&P500 +1 pip
Observation is the path to discovery.
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