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Extreme TMA System

  • #1,401
  • Feb 27, 2012 9:22pm Feb 27, 2012 9:22pm
al thank u so much...pls can one trade this on the daily chart...not chance because of my job
  • #1,402
  • Feb 27, 2012 9:59pm Feb 27, 2012 9:59pm
After 90++ pages.... I would like to give a big THANK YOU to Al for sharing your system...knowledge and experience with all of us in FF

Making green pips is much easier now
Lets make some green pips
  • #1,403
  • Feb 28, 2012 1:26am Feb 28, 2012 1:26am
EURUSD 15min triggered short. Let's see if Frankie can push this down.
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  • #1,404
  • Feb 28, 2012 1:50am Feb 28, 2012 1:50am
Quoting biganc
Al,

Last week I placed an order for GPB/USD to go short on Feb 24th. The trade went against me and I was stopped out. I looked back at the trade and if I had used the recovery method, I could have gotten out at break even or made a profit if I chose to stay in the trade long enough. This method is gaining my interest if I can just convince myself to do it.

Biganc
Recovery is not for everyone. If it stresses you out to have a large drawdown, donīt do it. Continue with your method. A huge part of being a successful trader is being relaxed while you do it. If you are tense, not only will you make mistakes, you will also damage your health. I am also a pilot. I know how critical it is to remain calm and relaxed when you are in a storm, at night with lightning all around you. Trading is similar.
Observation is the path to discovery.
  • #1,405
  • Feb 28, 2012 1:53am Feb 28, 2012 1:53am
Quoting grechmar
Out of my positions: AU.US : +20pips
US.CA: +7pips

Gn al and everybody.
Good job! I should have done the same thing. Live and learn...
Observation is the path to discovery.
  • #1,406
  • Feb 28, 2012 2:00am Feb 28, 2012 2:00am
Quoting willismd
Most profitable system ive ever used. I simply find nice resistance or support entry when price moves outside bands...wala...easy money...thanks alot.

I use the 1 hour chart and love it.

will
Yes, very important point. I have considered adding resistance levels as a rule, but I donīt want to exclude trades that are still profitable where there are no resistance levels.

For now, keep constantly in your mind to give priority to trades that have nice resistance or support on the outside area of the bands. Those are nearly infallible.
Observation is the path to discovery.
  • #1,407
  • Feb 28, 2012 2:04am Feb 28, 2012 2:04am
Quoting Jemook
I've just made all the colours on the indicator the same as the background colour and I just look at the number in the bottom right for TmaSlope. Looks much neater.
But that way you donīt see the trend of the indicator. For me that is important.
Observation is the path to discovery.
  • #1,408
  • Feb 28, 2012 2:08am Feb 28, 2012 2:08am
EurUsd

GbpUsd

GbpJpy

Gold

S&P
Observation is the path to discovery.
  • #1,409
  • Feb 28, 2012 2:22am Feb 28, 2012 2:22am
I experimented with 2 ways of recovery trades last week.

1. Lock and Unlock
Where the logical StopLoss would be placed, a pending order in opposite direction with same lotsize as active order is placed. ( no StopLoss, no TakeProfit )

2. No hedge, just start recovery 100 Pips or whatever distance you choose.

I personally prefer method 1 and I combine it with method 2 in this way:

All the way to the distance where I plan to start the recovery trade,
my "lock"-position is collecting profit.
I close it with good profit when I place the Recovery trade.
  • #1,410
  • Feb 28, 2012 2:23am Feb 28, 2012 2:23am
Morning Al,

would you not consider usdcad atm

Cheers,

Eamonn.
  • #1,411
  • Feb 28, 2012 2:31am Feb 28, 2012 2:31am
Hi, I'm a little confused, which TMA slope indicator should we use?
Wishing my last name were LESS
  • #1,412
  • Feb 28, 2012 2:34am Feb 28, 2012 2:34am
I wonder if divergence on the tmaslope means anything .. still observing, great work by Alfredo and his fellow contributors ..
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You gotta know when to hold 'em, know when to fold 'em ...
  • #1,413
  • Feb 28, 2012 2:35am Feb 28, 2012 2:35am
Quoting Alorente
EurUsd

GbpUsd

GbpJpy

Gold

S&P
Hey Al g m

What about the USDCAD trade of yesterday?

As I'm leaving for the whole day I did this way:

1) Seeing on the morning that price went against of about 50 pips and that UCa was crossing from south the lower TMA band, I entered a 2nd position at 7:30gmt.
All other conditions were met (slope in "grey area" ma cross blue bull spike in the previous candles and I had a support line under)

2) I lowered TP just a bit above break even (. 9983) and my SL is set now to .9875

I'd appreciate your comment if you'll have time.

bye and golden pips to Al & All lol
  • #1,414
  • Feb 28, 2012 2:39am Feb 28, 2012 2:39am
Quoting Eamonn
Morning Al,

would you not consider usdcad atm

Cheers,

Eamonn.
Yes Iīm adding that to the list, even though I donīt like S2 being so close..

On Watch:

EurUsd

GbpUsd

GbpJpy

UsdCad

Gold

S&P
Observation is the path to discovery.
  • #1,415
  • Feb 28, 2012 2:40am Feb 28, 2012 2:40am
Quoting corvogrigio
Hey Al g m

What about the USDCAD trade of yesterday?

As I'm leaving for the whole day I did this way:

1) Seeing on the morning that price went against of about 50 pips and that UCa was crossing from south the lower TMA band, I entered a 2nd position at 7:30gmt.
All other conditions were met (slope in "grey area" ma cross blue bull spike in the previous candles and I had a support line under)

2) I lowered TP just a bit above break even (. 9983) and my SL is set now to .9875

I'd appreciate your comment if you'll have time.

bye and golden...
I feel youīll be ok with that strategy. Iīm still in the trade also.
Observation is the path to discovery.
  • #1,416
  • Feb 28, 2012 2:44am Feb 28, 2012 2:44am
Quoting fxtr51
I experimented with 2 ways of recovery trades last week.

1. Lock and Unlock
Where the logical StopLoss would be placed, a pending order in opposite direction with same lotsize as active order is placed. ( no StopLoss, no TakeProfit )

2. No hedge, just start recovery 100 Pips or whatever distance you choose.

I personally prefer method 1 and I combine it with method 2 in this way:

All the way to the distance where I plan to start the recovery trade,
my "lock"-position is collecting profit.
I close it with good profit...
That is very interesting!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,417
  • Feb 28, 2012 2:51am Feb 28, 2012 2:51am
A big thanks to Al for sharing his system and morning to all.

Bert
  • #1,418
  • Feb 28, 2012 2:53am Feb 28, 2012 2:53am
Quoting fxtr51
I experimented with 2 ways of recovery trades last week.

1. Lock and Unlock
Where the logical StopLoss would be placed, a pending order in opposite direction with same lotsize as active order is placed. ( no StopLoss, no TakeProfit )

2. No hedge, just start recovery 100 Pips or whatever distance you choose.

I personally prefer method 1 and I combine it with method 2 in this way:

All the way to the distance where I plan to start the recovery trade,
my "lock"-position is collecting profit.
I close it with good profit when I place the Recovery...
Please can you give your live example here how you did it .

thanks
  • #1,419
  • Feb 28, 2012 3:00am Feb 28, 2012 3:00am
Al,

If you enter a short trade while it is in range mode (TMA Slope between -.5 and .5) and price moves up and the TMA Slope goes above .5 would you look to close the position?
  • #1,420
  • Feb 28, 2012 3:01am Feb 28, 2012 3:01am
Hello Al,

I am up to page 31 so far so hope you don't mind me posting a chart for your analysis when you get time, thanks.

GU M15 price pierced outer band, bounced off R1, exteme bear spike appeared (but weaker white line), MA crossover histogram was red (changing between red and blue now) TMA slope 0.26.
Attached Image (click to enlarge)
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