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Extreme TMA System

  • #1,901
  • Feb 29, 2012 11:14am Feb 29, 2012 11:14am
Quoting fire580
GBP/AUD meets the new criteria now - so when do you enter?
Whenever you feel like it.
Observation is the path to discovery.
  • #1,902
  • Feb 29, 2012 11:17am Feb 29, 2012 11:17am
Quoting Surfnomad
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...
IŽm glad I could be of help to you. It gets lonely sometimes trading. Just stick to the rules and youŽll be ok.
Observation is the path to discovery.
  • #1,903
  • Feb 29, 2012 11:20am Feb 29, 2012 11:20am
Surfnomad, Alorente.....Thanks for your responses very informative
  • #1,904
  • Feb 29, 2012 11:21am Feb 29, 2012 11:21am
Wow, just caught that upmove on A/U and Gold, banked half the demo profits (+16.5 and +36.5) and will let the rest run.

Makes up for some of my bad entries I made today from the previous rules.
  • #1,905
  • Feb 29, 2012 11:21am Feb 29, 2012 11:21am
Quoting corvogrigio
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-...
Hi Corvo,

It has been a very profitable day so far. Maybe will get close to 300 pips for today. WeŽll see.

IŽve changed the system rules. Read Page 1 so you can get some trades in using the new rules. I am using them all day today and doing well with them.
Observation is the path to discovery.
  • #1,906
  • Feb 29, 2012 11:22am Feb 29, 2012 11:22am
Correct me if Im wrong, but in this situation, should the slope indicator be negative? I realize its heading down, but the value in the indicator window
is still positive, makes me wonder if its loaded incorrectly.

SR
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  • #1,907
  • Feb 29, 2012 11:23am Feb 29, 2012 11:23am
Quoting Alorente
IŽm glad I could be of help to you. It gets lonely sometimes trading. Just stick to the rules and youŽll be ok.
Yes it does get lonely, it's so nice to be a part of such a wonderful "family" of like minded traders and you made it all possible. Thanks again
  • #1,908
  • Feb 29, 2012 11:25am Feb 29, 2012 11:25am
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 price...
It sounds like you grasped the rules. They are much clearer and easier to trade now. We should all be within 2 or 3 pips of each other on trades with these rules. Another advantage is for those that use tight stops. It is great to have resistance above you and support below you so your stop should not be triggered as often.
Observation is the path to discovery.
  • #1,909
  • Feb 29, 2012 11:26am Feb 29, 2012 11:26am
Quoting Sjr
From Als first post, but not sure if its right....doesnt seem to show negative numbers ????

SR
I thought there may have been an update - some pairs hardly show anything
  • #1,910
  • Feb 29, 2012 11:27am Feb 29, 2012 11:27am
Quoting Sjr
Correct me if Im wrong, but in this situation, should the slope indicator be negative? I realize its heading down, but the value in the indicator window
is still positive, makes me wonder if its loaded incorrectly.

SR
That's how mine looks, it's 0.2929 so a short is valid if price is outside the TMA and you are at a Resistance level I think in my humble opinion.
  • #1,911
  • Feb 29, 2012 11:27am Feb 29, 2012 11:27am
Quoting Alorente
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.
Hi Alorente - Could you please give me some information regarding your money management. I've had a read through as much of the thread as I can and I can't find specific details.

I'm trying to work out my trade size so that I can sensibly implement nanningbob's style of four level recovery trade, which I believe you also use. What I specifically need to know is the % of account to risk for every 100 pips, assuming I'm trading one pair. Obviously, I would halve this if I decided to trade two pairs at a time etc.

I'm confused by what NB refers to as .03 cent lots and how I can convert that to % of account per x number of pips. How do you work this out, and what recovery levels do you use?

Any advice gratefully received!

PB
  • #1,912
  • Feb 29, 2012 11:28am Feb 29, 2012 11:28am
Quoting Sjr
Could someone here post a chart using Al's latest Rules. So I can compare....

Thanks

SR
The chart on post 1885 is a perfect entry point with the new rules. That is exactly were I entered that pair. Im up +20 pips on it now.and +16 pips on UsdJpy.
Observation is the path to discovery.
  • #1,913
  • Feb 29, 2012 11:29am Feb 29, 2012 11:29am
Quoting itsallover
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?
Right now slope value is -0.67 for EurUsd. Out of the Range Zone. Only short trades allowed.
Observation is the path to discovery.
  • #1,914
  • Feb 29, 2012 11:35am Feb 29, 2012 11:35am
Quoting Sjr
Correct me if Im wrong, but in this situation, should the slope indicator be negative? I realize its heading down, but the value in the indicator window
is still positive, makes me wonder if its loaded incorrectly.

SR
Green means the TMA is still rising. The drop in the bars means the rate os rise is decreasing. When it reaches o it will be level. When you see the red color appear the TMA will be declining and the values will get negative. So the chart is perfectly correct.
Observation is the path to discovery.
  • #1,915
  • Feb 29, 2012 11:35am Feb 29, 2012 11:35am
Quoting Alorente
Right now slope value is -0.67 for EurUsd. Out of the Range Zone. Only short trades allowed.
Thats on the M15 right guys ?
  • #1,916
  • Feb 29, 2012 11:36am Feb 29, 2012 11:36am
Quoting Alorente
Green means the TMA is still rising. The drop in the bars means the rate os rise is decreasing. When it reaches o it will be level. When you see the red color appear the TMA will be declining and the values will get negative. So the chart is perfectly correct.
Awesome, thank you,...

Cheers

SR
  • #1,917
  • Feb 29, 2012 11:39am Feb 29, 2012 11:39am
I love volatility and with the Extreme TMA system we will be able to bank a ton of pips with it. As an example, look at GbpJpy. Normally, I could expect to bank 30 pips selling short on the upper level and riding it to the lower level. In this case, I entered at 1.2938 and the centerline is at 1.2850. ThatŽs a whopping 88 pips to centerline !! The opposite band is at a.2825 which is an incredible 113 points from entry. Give me days like today anytime. love them
Observation is the path to discovery.
  • #1,918
  • Feb 29, 2012 11:44am Feb 29, 2012 11:44am
Quoting pixelboy
Hi Alorente - Could you please give me some information regarding your money management. I've had a read through as much of the thread as I can and I can't find specific details.

I'm trying to work out my trade size so that I can sensibly implement nanningbob's style of four level recovery trade, which I believe you also use. What I specifically need to know is the % of account to risk for every 100 pips, assuming I'm trading one pair. Obviously, I would halve this if I decided to trade two pairs at a time etc.

I'm confused by what NB refers to...
I have explained how I use Recovery and my Box System of money management in minute detail in previous posts of this thread. It took me long to write all those posts. I suggest you click on my posts to the right of this post and go through the first few lines of each until you find them. I have written at least 7 posts outlining all of this since Tuesday of last week when the thread began.
Observation is the path to discovery.
  • #1,919
  • Feb 29, 2012 11:45am Feb 29, 2012 11:45am
Possible set up for EG long but TMA slope is at .56 so need to rise some first.
  • #1,920
  • Feb 29, 2012 11:46am Feb 29, 2012 11:46am
Quoting Sjr
Thats on the M15 right guys ?
Yes. We always refer to M15 when we give values.
Observation is the path to discovery.
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