Extreme TMA System | Page 94 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Hennis Extreme TMA System 105 replies

TMA Reality Tour 116 replies

Happs with TMA Trading Journal 25 replies

MTF TMA 287 replies

SnakeForce - simple TMA with alert? 3 replies

Attachments: Extreme TMA System
Exit Attachments

Extreme TMA System

  • #1,861
  • Feb 29, 2012 10:09am Feb 29, 2012 10:09am
Al, I have shorted EU at US open using H1. The trade is still open, nice floating profit. EU has formed double top in H4 and now is testing the weekly pivot (1.3477). I think the price has reached average daily range. If it breaks the weekly pivot, do you think I should switch to D1 tf and hold the trade for longer time?
Wishing my last name were LESS
  • #1,862
  • Feb 29, 2012 10:10am Feb 29, 2012 10:10am
Al:
If I understand, all you now use is TMA, TMA Sope 1.2 and pivots. The MA crossover lines are optional as you rarely look at it. Is this correct?

Thanks for helping me.

Steve
  • #1,863
  • Feb 29, 2012 10:14am Feb 29, 2012 10:14am
Quoting Darryl
Hi Al, just wanted to know about the MA Crossover Histogram, I noticed that you took it out of your rules on page 1, is that no longer used?

Thank you,
Darryl
It is now used as a visual aid only to see if we are in a Bull or Bear market.

The new rules are on page 1. I would not change them if I didn´t firmly believe they are an improvement in both accuracy and profitability. Now RealJumper will also be a bit happier since the spike is finally gone and the MA Cross which he dislikes is no longer part of the rules.

I´m sorry if I am confusing some of the newer traders with these changes, but we have been working very hard in the past few days and are making great progress in improving the system in a much faster fashion than I expected initially.
Observation is the path to discovery.
  • #1,864
  • Feb 29, 2012 10:15am Feb 29, 2012 10:15am
Al Thank you for sharing all of your wisedom with us I really appreciate it. I was glad to hear that you are trading this set up on the 1M TFin slow times. I too have been trading the 1M TF in conjuction with the general trend of the longer TFs and have had tremendous success. So far today 6 trades 5 different pairs and at different times (meaning I wasn't in all the trades at one time catching 1 move) and I am pleased to report that I am up 103 pips. None of my trades today have had a draw down greater than 6 pips and that is including the spread. I am amazed and am honored to be on this journey with you and everyone here.

Thank you... Thank you... Thank you

Robert
  • #1,865
  • Feb 29, 2012 10:15am Feb 29, 2012 10:15am
Quoting flamenco72
Hello Al and thank you for very as with the members who advance this project.
For the new rules, we don't need the MA_Crossover_Histogram too ?
Thanks.
Not for the rules. Just as a visual aid. I am keeping it and the MA Crossover lines on my charts for now to give me a heads up on upcoming market changes.
Observation is the path to discovery.
  • #1,866
  • Feb 29, 2012 10:16am Feb 29, 2012 10:16am
Can someone tell me of any 4 digit brokers in United States ?? thanks
  • #1,867
  • Feb 29, 2012 10:17am Feb 29, 2012 10:17am
Quoting Alorente
That´s because of the fast market conditions now. Normally you will not have a problem with this indicator.
....if that's the case, the TMA slope zero line crosses look interesting for longer swing trades, i initially thought it repainted and so discounted what i saw....perhaps i'll take another look!
  • #1,868
  • Feb 29, 2012 10:20am Feb 29, 2012 10:20am
Hi Al & Gang - Getting off system now. A good day. +36 pips @ 2 lots ea live.
I can have a good lunch. Thanks AL. Best system I have tried. Will stick too it.
Tom
  • #1,869
  • Feb 29, 2012 10:21am Feb 29, 2012 10:21am
Quoting flaw
Al, I have shorted EU at US open using H1. The trade is still open, nice floating profit. EU has formed double top in H4 and now is testing the weekly pivot (1.3477). I think the price has reached average daily range. If it breaks the weekly pivot, do you think I should switch to D1 tf and hold the trade for longer time?
Incredible. You read my mind. Last night I opened a very large short position on EurUsd. I will follow the Extreme TMA system on the Daily Chart for the extent of that trade until I get a signal to exit. More than likely, I will hold to the opposite band at around 1.2850 but will reevaluate at center line around 1.3125.

I will continue to trade the M15 charts on a daily basis as usual and will only post results of my M15 trades.
Observation is the path to discovery.
  • #1,870
  • Feb 29, 2012 10:22am Feb 29, 2012 10:22am
Quoting Surfnomad
Al Thank you for sharing all of your wisedom with us I really appreciate it. I was glad to hear that you are trading this set up on the 1M TFin slow times. I too have been trading the 1M TF in conjuction with the general trend of the longer TFs and have had tremendous success. So far today 6 trades 5 different pairs and at different times (meaning I wasn't in all the trades at one time catching 1 move) and I am pleased to report that I am up 103 pips. None of my trades today have had a draw down greater than 6 pips and that is including the spread....

Sounds great! What rules are you applying - same as Post 1 just verifying trend with M5 TF?
Make things as simple as possible, but not simpler!
  • #1,871
  • Feb 29, 2012 10:23am Feb 29, 2012 10:23am
Quoting stevewide
Al:
If I understand, all you now use is TMA, TMA Sope 1.2 and pivots. The MA crossover lines are optional as you rarely look at it. Is this correct?

Thanks for helping me.

Steve
You are correct, my friend.
Observation is the path to discovery.
  • #1,872
  • Feb 29, 2012 10:27am Feb 29, 2012 10:27am
Thank you Al for the sharing of your big work.

But rules become subjective...

belle soirée
jean-francois
  • #1,873
  • Feb 29, 2012 10:30am Feb 29, 2012 10:30am
So for example with AUDUSD 15min it is heading down to S1. If I see the TmaSlope rising while it heads down there could I potentially enter a buy limit at the S1?

Or if 15min is showing TmaSlope rising could we could watch 5min or 1min for entries as it hits S1 ??
  • #1,874
  • Feb 29, 2012 10:30am Feb 29, 2012 10:30am
Quoting Surfnomad
Al Thank you for sharing all of your wisedom with us I really appreciate it. I was glad to hear that you are trading this set up on the 1M TFin slow times. I too have been trading the 1M TF in conjuction with the general trend of the longer TFs and have had tremendous success. So far today 6 trades 5 different pairs and at different times (meaning I wasn't in all the trades at one time catching 1 move) and I am pleased to report that I am up 103 pips. None of my trades today have had a draw down greater than 6 pips and that is including the spread....
Thanks Robert,

I am also amazed at the M1 success. As of now, I have 12 winners in a row. I find it very easy to trade Extreme TMA in M1. Much easier than with other systems. I believe average daily profits trading full time will line up like this in each time frame:

H1: 80 to 120 pips.

M15 125 to 225 pips.

M5 200 to 300 pips.

M1 300 to 400 pips.

Of course, there is much more risk in M1 and it is a lot more tiring than the longer time frames.

I want to stress that I don´t recommend trading the M1 time frame if you are not a seasoned trader with years of live trading experience. You should start with H1 on a part time basis and move to M15 when you can afford to be full time. M5 I would leave till you have at least a year experience with the system.
Observation is the path to discovery.
  • #1,875
  • Feb 29, 2012 10:31am Feb 29, 2012 10:31am
Quoting Alorente
You are correct, my friend.
Hi Al,

Would you mind showing us a screen shot of your latest rules, as theres been a few updates recently, so as we/I can compare?

Thanks

SR
  • #1,876
  • Feb 29, 2012 10:34am Feb 29, 2012 10:34am
EurUsd has now left the Range Zone. Only shorts are allowed until the Slope Indicator rises above -0.50.
Observation is the path to discovery.
  • #1,877
  • Feb 29, 2012 10:36am Feb 29, 2012 10:36am
GbpAud and GbpJpy
Observation is the path to discovery.
  • #1,878
  • Feb 29, 2012 10:36am Feb 29, 2012 10:36am
Quoting SoF29
Sounds great! What rules are you applying - same as Post 1 just verifying trend with M5 TF?
Yes I have been using the the 4 rules from post 1 for the entry on the 1 minute chart but use the 5M 15M and 1H TFs with the same chart set up to determine the trend. So for example when PA is above the upper band of the 1H, 15M and 5M I wait for the 4 rules to be met on the 1M and enter the trade with virtually no draw down. As the trade develops I either use the 1M opposite band for an exit or if it blows thru that I will then graduate to the 5M or 15M TF to manage the trade and exit at either of those opposite bands depending on PA. I hope that answers you question.
  • #1,879
  • Feb 29, 2012 10:39am Feb 29, 2012 10:39am
Quoting Surfnomad
Yes I have been using the the 4 rules from post 1 for the entry on the 1 minute chart but use the 5M 15M and 1H TFs with the same chart set up to determine the trend. So for example when PA is above the upper band of the 1H, 15M and 5M I wait for the 4 rules to be met on the 1M and enter the trade with virtually no draw down. As the trade develops I either use the 1M opposite band for an exit or if it blows thru that I will then graduate to the 5M or 15M TF to manage the trade and exit at either of those opposite bands depending on PA. I hope...
Very good method. I can tell you have years of experience. Now with the Slope indicator, you will be able to determine trend within the same M1 chart. It is still a good habit to get into to check other time frames for trend though.

Keep up the good work.
Observation is the path to discovery.
  • #1,880
  • Feb 29, 2012 10:40am Feb 29, 2012 10:40am
Quoting Surfnomad
Yes I have been using the the 4 rules from post 1 for the entry on the 1 minute chart but use the 5M 15M and 1H TFs with the same chart set up to determine the trend. So for example when PA is above the upper band of the 1H, 15M and 5M I wait for the 4 rules to be met on the 1M and enter the trade with virtually no draw down. As the trade develops I either use the 1M opposite band for an exit or if it blows thru that I will then graduate to the 5M or 15M TF to manage the trade and exit at either of those opposite bands depending on PA. I hope...
Also, keep a keen eye for S/R levels. They are very important in M1 charts.
Observation is the path to discovery.
2 traders viewing now