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Extreme TMA System

  • #1,461
  • Feb 28, 2012 6:41am Feb 28, 2012 6:41am
Al, I'm sorry. My limited mq4 knowledge is not sufficient to program what you ask for. Changing color is the easiest part. May be somebody on the thread can help. Anybody?
Wishing my last name were LESS
  • #1,462
  • Edited 6:56am Feb 28, 2012 6:43am | Edited 6:56am
Quoting Alorente
The four rules were valid and price was way above the upper band. R3 was there, but itīs not the Berlin wall. It can be breached. It is a consideration. It should always be, but not a determining factor.
Ok, thank you...
Because my SL are pretty tight, I tend to avoid opening trades near S/R... (I mean, I don't like to sell just above a support....)


I just looked at the charts and, for the time being, I would be a little upset about this trade.
I wish you good luck...
  • #1,463
  • Feb 28, 2012 6:45am Feb 28, 2012 6:45am
Hi Al,

On recovery do you use the 100 pip rule with gold as the adr is much bigger than most of the fx pairs?

Cheers,

Eamonn.
  • #1,464
  • Feb 28, 2012 7:13am Feb 28, 2012 7:13am
Quoting Alorente
Yes. Favorite came up with this hedging strategy a couple of days ago. The only problem it has in my view is if the long is triggered and price reverses in the original direction, you will not profit from your short. It is common to have repeated spikes before the trade moves in your favor, so this situation can happen. I still like it better than a normal stop loss where your money is gone for good if its triggered.

My favorite is still recovery, but I acknowledge it is not a strategy that fits everyoneīs psyche.
Al,
I think we agree that the lock-unlock thing has big advantages in some scenarios but in other scenarios your Recovery method is better.

Nobody will sit and analyze historical charts for months in order to find out which method has an edge over the other.

All I can say is that I prefer the lock-unlock method because I have seen ( and I am sure you too ) moves of 500 Pips up to 1000 Pips before
market finally would give your Recovery trade a breakeven.

With the lock-unlock method, the market can move 2000 Pips against my initial position and I do not care and will never get a margin call .....

Another advantage: When I have a lock in a pair, I can open a third order
without problems ( and if necessary lock that too ) and gather profits until the lock is ready for unlocking.

Just some ideas for consideration.
  • #1,465
  • Feb 28, 2012 7:19am Feb 28, 2012 7:19am
Quoting fxtr51
Yes, you are right ...... but ..... there is more to it.

Because the scenario you described can happen and will happen,
we need to think about it and make the best out of it.

There is more than one possible "solution" to this scenario,
but one thing is for sure: we will make profit out of it regardless
how we treat it.

How do I know that we will always make profit ?
Because I have watched charts for years and if you scoll through historical
charts you will never ever find a chart where price will not move far enough to give us profit...
Hmmm it is a very good technique . i love it. Patience is the key word . thanks for you valuable inputs .
  • #1,466
  • Feb 28, 2012 7:20am Feb 28, 2012 7:20am
Al's system goes international!

Discussing Alorente's system in Russian!
http://forexpeoples.ru/forum/showthr...r-System/page5
All Russian-speaking traders are welcome!

Обсуждаем систему Алоренте на русском языке!
http://forexpeoples.ru/forum/showthr...r-System/page5
Русскоговорящие трейдеры - добро пожаловать!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,467
  • Feb 28, 2012 7:23am Feb 28, 2012 7:23am
Quoting fxtr51
Yes, you are right ...... but ..... there is more to it.

Because the scenario you described can happen and will happen,
we need to think about it and make the best out of it.

There is more than one possible "solution" to this scenario,
but one thing is for sure: we will make profit out of it regardless
how we treat it.

How do I know that we will always make profit ?
Because I have watched charts for years and if you scoll through historical
charts you will never ever find a chart where price will not move far enough to give us profit...
fxtr51, that's one hell of a post!

Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,468
  • Feb 28, 2012 7:30am Feb 28, 2012 7:30am
Quoting Favorite
Al's system goes international!

Discussing Alorente's system in Russian!
http://forexpeoples.ru/forum/showthr...r-System/page5
All Russian-speaking traders are welcome!

Обсуждаем систему Алоренте на русском языке!
http://forexpeoples.ru/forum/showthr...r-System/page5
Русскоговорящие...
Oh boy nice to know .
but don't remember that Mr KD is also out there too...
  • #1,469
  • Feb 28, 2012 7:44am Feb 28, 2012 7:44am
Quoting Alorente
Ok, nitrate73,

Letīs put your divergence theory to the test. Here is the S&P rising, while the TMA Slope has been declining. If divergence is correct, this Index should drop soon. Certainly before the TMA Slope begins to rise again.
There goes the S&P. I guess the divergence worked this time also.
Observation is the path to discovery.
  • #1,470
  • Feb 28, 2012 7:46am Feb 28, 2012 7:46am
Quoting Eamonn
Hi Al,

On recovery do you use the 100 pip rule with gold as the adr is much bigger than most of the fx pairs?

Cheers,

Eamonn.
Yes . Same for all.
Observation is the path to discovery.
  • #1,471
  • Feb 28, 2012 7:48am Feb 28, 2012 7:48am
Quoting fxtr51
Al,
I think we agree that the lock-unlock thing has big advantages in some scenarios but in other scenarios your Recovery method is better.

Nobody will sit and analyze historical charts for months in order to find out which method has an edge over the other.

All I can say is that I prefer the lock-unlock method because I have seen ( and I am sure you too ) moves of 500 Pips up to 1000 Pips before
market finally would give your Recovery trade a breakeven.

With the lock-unlock method, the market can move 2000 Pips against my initial position...
I understand what you say. I am considering and trying out the system. The main thing about any system is to believe in it completely.
Observation is the path to discovery.
  • #1,472
  • Feb 28, 2012 7:53am Feb 28, 2012 7:53am
Closed the S&P short for +50 pips.
Observation is the path to discovery.
  • #1,473
  • Feb 28, 2012 7:57am Feb 28, 2012 7:57am
Closed AudUsd +17 pips
Observation is the path to discovery.
  • #1,474
  • Feb 28, 2012 7:58am Feb 28, 2012 7:58am
Closed UsdCad -16 pips
Observation is the path to discovery.
  • #1,475
  • Feb 28, 2012 7:59am Feb 28, 2012 7:59am
Quoting Alorente
Closed the S&P short for +50 pips.
..
You gotta know when to hold 'em, know when to fold 'em ...
  • #1,476
  • Feb 28, 2012 8:00am Feb 28, 2012 8:00am
EurAud

Waiting for 4th rule.
Observation is the path to discovery.
  • #1,477
  • Feb 28, 2012 8:17am Feb 28, 2012 8:17am
Is there a divergence going on in Gold ?
  • #1,478
  • Feb 28, 2012 8:19am Feb 28, 2012 8:19am
Quoting beto21_cwb
Is there a divergence going on in Gold ?
No. I donīt see one.
Observation is the path to discovery.
  • #1,479
  • Feb 28, 2012 8:20am Feb 28, 2012 8:20am
Quoting beto21_cwb
Is there a divergence going on in Gold ?
There is a big one on AudNzd right now.
Observation is the path to discovery.
  • #1,480
  • Feb 28, 2012 8:23am Feb 28, 2012 8:23am
Quoting Alorente
No. I donīt see one.
Also a divergence on EurUsd. Price Price remaining high all day and TMA Slope falling since 3:30 AM CET.
Observation is the path to discovery.
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