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Extreme TMA System

  • #1,541
  • Edited 12:46pm Feb 28, 2012 12:45pm | Edited 12:46pm
Quoting Alorente
I feel you´ll be ok with that strategy. I´m still in the trade also.
Hi Al Hi All,

Just back home - since this morning - and I could find that the recovery strategy worked out!

My TP at BE of USDCAD (trade of yesterday) was triggered at 14:44 gmt at 0.99831.

Well now I start to read from page 94 and I'm very curious to see what s happened in the 3d today!

Wow ten new pages!
  • #1,542
  • Feb 28, 2012 12:49pm Feb 28, 2012 12:49pm
Quoting Alorente
I´m only trading with the 4 rules. It just so happens that the divergences are pointing in the same direction, but I am using it for trading. As I say, this may be a simple coincidence and nothing more.
Ok noted, will observe more. Thanks.
You gotta know when to hold 'em, know when to fold 'em ...
  • #1,543
  • Feb 28, 2012 12:49pm Feb 28, 2012 12:49pm
Quoting lologo
Hello Al and other friends,

could someone explain briefly the relationship between USDIndex and forex. In order to add it to the decision-making.

Thank you very much.

A novice.
It is a composite index against several of the major currencies, with the Euro representing more than 50%. The Yen Swiss Franc, etc are the others. It tries to show the strength of the US dollar against the majors.
Observation is the path to discovery.
  • #1,544
  • Feb 28, 2012 12:52pm Feb 28, 2012 12:52pm
I´m in short GbpUsd. I had a phone call and couldn´t post it earlier, sorry.
Observation is the path to discovery.
  • #1,545
  • Feb 28, 2012 12:52pm Feb 28, 2012 12:52pm
Hi Al,

looks like the gold trade may work out!!

Cheers,

Eamonn
  • #1,546
  • Feb 28, 2012 12:53pm Feb 28, 2012 12:53pm
EurAud and GbpAud. Nearing exit on Gold.
Observation is the path to discovery.
  • #1,547
  • Feb 28, 2012 12:57pm Feb 28, 2012 12:57pm
Exited Gold at Breakeven.

Another triumph for the Recovery System.
Observation is the path to discovery.
  • #1,548
  • Feb 28, 2012 12:58pm Feb 28, 2012 12:58pm
i think the gold divergence is finally playing out , not too sure cos the tmaslope indi readings is screwed on the gold chart .. lolz
You gotta know when to hold 'em, know when to fold 'em ...
  • #1,549
  • Feb 28, 2012 1:00pm Feb 28, 2012 1:00pm
Quoting nitrate73
i think the gold divergence is finally playing out , not too sure cos the tmaslope indi readings is screwed on the gold chart .. lolz
For sure. The divergence called it 2 hours in advance. Coincidence again? I´m beginning to believe it, but I need to see it still on AudNzd and EurUsd for a second time to really start to believe it.
Observation is the path to discovery.
  • #1,550
  • Feb 28, 2012 1:02pm Feb 28, 2012 1:02pm
Hi Fxtr51,

Because i'm a junior member i'm not allowed to send private messages, so i have to put you a question in the thread that i like to see your answer:

In the exemple bellow, after you close the short position with big profit( theoretically speaking) and open a long position with same size of the first long, you expect market rises. What do you do if the maket turn down? Remember that in this situation you have 2 long loss positions.




Thanks in advance.



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...
  • #1,551
  • Feb 28, 2012 1:04pm Feb 28, 2012 1:04pm
The Divergences are just warnings that prices may change direction, but this has not necessarily happened. Prices may lie in a narrow range below to continue that trend. They warn us but you have to do is follow the signals from your system.
  • #1,552
  • Feb 28, 2012 1:04pm Feb 28, 2012 1:04pm
Quoting Alorente
For sure. The divergence called it 2 hours in advance. Coincidence again? I´m beginning to believe it, but I need to see it still on AudNzd and EurUsd for a second time to really start to believe it.
Another thing I´ve seen so far with these divergence calls is that all of them have been pretty rapid. Once they break, there is no hesitation. I mean, Gold dropped 8 bucks in 30 minutes. Most of the other moves were also fast. Again, I´m skeptical by nature, so time will tell. A week of seeing this and I will incorporate the Divergence factor into the system to make it more accurate, but above all, to grab the fast moves which are the ones we all want.
Observation is the path to discovery.
  • #1,553
  • Feb 28, 2012 1:10pm Feb 28, 2012 1:10pm
Quoting Ferod
The Divergences are just warnings that prices may change direction, but this has not necessarily happened. Prices may lie in a narrow range below to continue that trend. They warn us but you have to do is follow the signals from your system.
Divergences in general are warnings as given by other indicators, but these may be different. These speak to the ACTUAL change of trend that is occurring. If they are what I think they are, they act as a closeup view of what´s really happening with trend, while looking at a chart, you are seeing it from a distance, and thus, not as precisely. We may have stumbled into a real good thing here. Trying to solve the problem of counter trend entries, we may have discovered a way to identify the very beginnings of a change of trend. Again, it´s early...
Observation is the path to discovery.
  • #1,554
  • Feb 28, 2012 1:14pm Feb 28, 2012 1:14pm
We are seeing it again on EurAud. Price moving rapidly upward, while the slope is decreasing. In other words, the trend is curving downwards, but PA doesn´t know it yet. So instead of this being a divergence of the indi to Price, it may be a divergence of Price to the indi which is the one calling the real move. Price just doesn´t know it yet. When it finds out, like Wily Coyote, it looks below and drops like a rock.
Observation is the path to discovery.
  • #1,555
  • Feb 28, 2012 1:17pm Feb 28, 2012 1:17pm
Same phenomenon occurring in GbpUsd and starting to happen with SbpAud also. If all of these end up dropping hard, we´ll have something to think about tonight.
Observation is the path to discovery.
  • #1,556
  • Feb 28, 2012 1:19pm Feb 28, 2012 1:19pm
Hi Al, thanks for a great system, I trade higher time frame charts, H4 and D1, I'm going to try out this system on those time frames. Anyone else out there tried it? and what results? Any idea what to set the TMA indicator settings on? I'll experiment anyway, and post results. In the mean time I've tried this system live, on the M15. Just before going to bed, I search for the most likely candidates, and put in the orders and conservative TP, and I get a pleasant surprise in the morning!
  • #1,557
  • Feb 28, 2012 1:20pm Feb 28, 2012 1:20pm
Sane thing happening in EurCad. I´m adding it to the Watch List.
Observation is the path to discovery.
  • #1,558
  • Feb 28, 2012 1:20pm Feb 28, 2012 1:20pm
hi Alorente ,

i'm planning to open a one account specially for test your system with your broker. can you please attach the link to your broker site.

thanks.

P.s
bcoz i'm a junior member i can not PM you .
  • #1,559
  • Feb 28, 2012 1:26pm Feb 28, 2012 1:26pm
The same thing happened in Oil. The Slope indi started to drop at 11:00 am CMT. At 19:00 CMT, Oil collapsed 2 bucks in 4 bars. The interesting thing is that the Slope indi calls the bottom of the drop too. One bar before the bottom of the drop, the indi started climbing decisively. So it tells you to get in 6 hours before the drop, and it tells you to get out 15 minutes before the end of the move. That is cool.
Observation is the path to discovery.
  • #1,560
  • Feb 28, 2012 1:30pm Feb 28, 2012 1:30pm
EurCad is hitting the Main Pivot. This is as save as you can get for an entry. We´ll wait for rule 4, but I bet it doesn´t go higher.
Observation is the path to discovery.
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