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Extreme TMA System

  • #1,881
  • Feb 29, 2012 10:41am Feb 29, 2012 10:41am
Al, Thank you for your advice. It's comforting to know that we're on the same boat.
Wishing my last name were LESS
  • #1,882
  • Feb 29, 2012 10:41am Feb 29, 2012 10:41am
Entered short GbpJpy at R3 resistance.
Observation is the path to discovery.
  • #1,883
  • Feb 29, 2012 10:44am Feb 29, 2012 10:44am
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 that...
Very clear - thanks! I`ve been trying something similar myself with some success, less for when I jump ship too soon!
Make things as simple as possible, but not simpler!
  • #1,884
  • Feb 29, 2012 10:46am Feb 29, 2012 10:46am
I sold Gold long a bit over an hour ago at 1781.60. It is now $66 bucks lower. That would have wiped out many an account. Gold is an extremely dangerous animal. I recommend you all stay as far away from it as you can.
Observation is the path to discovery.
  • #1,885
  • Feb 29, 2012 10:46am Feb 29, 2012 10:46am
Does this chart look correct ? If not could someone let me know whats missing, or needed?

Thanks

SR
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 21 KB
  • #1,886
  • Feb 29, 2012 10:47am Feb 29, 2012 10:47am
GBP/AUD meets the new criteria now - so when do you enter?
  • #1,887
  • Feb 29, 2012 10:48am Feb 29, 2012 10:48am
The Slope indi is rising, indicating a rebound upcoming for Eur Usd.
Observation is the path to discovery.
  • #1,888
  • Feb 29, 2012 10:50am Feb 29, 2012 10:50am
Quoting Alorente
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 donīt recommend trading the M1 time frame if you are not a seasoned...
Al thanks for your thoughts, I wasn't trying to encourage anyone to trade the 1M TF I was just letting you know the results I've had. It is definitley more tiring and riskier but with patience and the strength of your system it can be very profitable especially factoring in what's going on with the other TFs. I have been at this 6 years now full time and have never had such consistency with my results. My confidence is increasing every day. This is what I have been looking for my entire trading career. Al thanks for all your hard work and willingness to share, you have definitely provided me with a light at the end of the tunnel.
  • #1,889
  • Feb 29, 2012 10:50am Feb 29, 2012 10:50am
Short Usd Jpy on R3. Slope showing drop.
Observation is the path to discovery.
  • #1,890
  • Feb 29, 2012 10:55am Feb 29, 2012 10:55am
Hi all of you guys and master Al!

Just back home and its funny how curious I am to discover what is happened today.

It's like i was after a serial and when I'm back I'm eager to know what's new in the thread.

The thesis of slope/price divergence has been confirmed? any new idea or indicator for refining entries and exits? Who knows ? I will discover reading next pages (I leaved at page 113 this morning and i have no idea about how many I have to read now to recover the pace - it ' s exciting anyway though I ve no much time right now to trade- i hope you all had great pips)

Well let me see now
  • #1,891
  • Feb 29, 2012 10:56am Feb 29, 2012 10:56am
Quoting Sjr
Does this chart look correct ? If not could someone let me know whats missing, or needed?

Thanks

SR
Hi
Where have you got that slope indicator
  • #1,892
  • Feb 29, 2012 10:57am Feb 29, 2012 10:57am
Surfnomad... on your one minute trades have you been confining yourself to entries only at S/R levels or the TMA lines
  • #1,893
  • Feb 29, 2012 10:58am Feb 29, 2012 10:58am
This may take me a while to adjust to the new rules.

So with A/U 15M the price has been rising all day but the TMA slope has been falling all day untill about 3pm.

Then price dropped rapidly and pierced the lower band, TMA slope started to rise and price bounced of FPV, (actually 4 times).

Determine direction with TMA, wait for price to pierce line, look for divergence between price and TMA slope and open trade at support or resistance.

Maybe orders are good for this strategy set at support or resistance when we see divergence and price is well outside the TMA lines.
  • #1,894
  • Feb 29, 2012 11:01am Feb 29, 2012 11:01am
Could someone here post a chart using Al's latest Rules. So I can compare....

Thanks

SR
  • #1,895
  • Feb 29, 2012 11:02am Feb 29, 2012 11:02am
Quoting Alorente
EurUsd has now left the Range Zone. Only shorts are allowed until the Slope Indicator rises above -0.50.
Al,
Could you explain the above? I thought PA has been below -0.50 and is only now creeping up- meaning it is getting higher than -0.50 and therefore out of the short zone?
.... laughing all the way to the bank
  • #1,896
  • Feb 29, 2012 11:05am Feb 29, 2012 11:05am
Quoting normtold
This may take me a while to adjust to the new rules.

So with A/U 15M the price has been rising all day but the TMA slope has been falling all day untill about 3pm.

Then price dropped rapidly and pierced the lower band, TMA slope started to rise and price bounced of FPV, (actually 4 times).

Determine direction with TMA, wait for price to pierce line, look for divergence between price and TMA slope and open trade at support or resistance.

Maybe orders are good for this strategy set at support or resistance when we see divergence and...
Exactly
.... laughing all the way to the bank
  • #1,897
  • Feb 29, 2012 11:09am Feb 29, 2012 11:09am
Quoting flaw
Al, Thank you for your advice. It's comforting to know that we're on the same boat.
Flaw,

Here is an H4 THV4 chart. This is my bread & butter system Iīve used for years. Until now, of course with the TMA system...

As you can see, EurUsd has double topped and look at the Trix Bear divergence arrows (Middle indicator). You can also see clear divergences on the RSI (Bottom indi). The pair is due for a big drop that just started today. I saw it last night and went short big time.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd - h4.jpg Size: 102 KB
Observation is the path to discovery.
  • #1,898
  • Feb 29, 2012 11:10am Feb 29, 2012 11:10am
Quoting fire580
Surfnomad... on your one minute trades have you been confining yourself to entries only at S/R levels or the TMA lines
I use S/R levels daily weekly & monthly pivots & midpivots calcuated on 5pm EST. I also use key fib levels from longer times. For example Al just mentioned the USDJPY and PA is way outside upper band on the H4, H1, M15, & M5 and wicked into the 76.4% ret of the most recently move down on my H1 charts and couldn't close above my daily R2 on M15. so I entered the trade above upper band on my M1 and it is approaching lower band on M1 right now if it bounces I'll close here but if it blows thru that I will switch to my M5 TF to manage the trade. So I definitely rely on info from longer TFs but the entries on the M1TF for me really mimimize the draw down for me.
  • #1,899
  • Feb 29, 2012 11:12am Feb 29, 2012 11:12am
Quoting bert
Hi
Where have you got that slope indicator
From Als first post, but not sure if its right....doesnt seem to show negative numbers ????

SR
  • #1,900
  • Feb 29, 2012 11:14am Feb 29, 2012 11:14am
Quoting Sjr
Does this chart look correct ? If not could someone let me know whats missing, or needed?

Thanks

SR
Looks good. Thatīs exactly where I shorted GbpJpy. The Slope indi was dropping and was testing R3.
Observation is the path to discovery.
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