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Extreme TMA System

  • #1,941
  • Feb 29, 2012 12:19pm Feb 29, 2012 12:19pm
Quoting itsallover
Al,
Would USDCHF have been a valid trade? Its going the other way now ..... but does it fit the criteria?
Yes, but under R3. It seems like it broke R3 so you have resistance in front of you is you short now.
Observation is the path to discovery.
  • #1,942
  • Feb 29, 2012 12:21pm Feb 29, 2012 12:21pm
Out of GbpJpy +28 pips
Observation is the path to discovery.
  • #1,943
  • Feb 29, 2012 12:27pm Feb 29, 2012 12:27pm
I must be badly informed or what then ? Why you entered at that price i cant understand what signal was it ? And the TMA SLOPE is above 0.5 ! for me the short for the rules was 15 minutes before. How could that be ? Please explain me 1. rule if the TMA SLOPE IS ABOVE 0.51 only longs. ! and why did you exited now on gbp yen ? and not on the centerline ???
  • #1,944
  • Feb 29, 2012 12:30pm Feb 29, 2012 12:30pm
Hi,

why are the slope values with TMASlope.v1.2 so different in the different time frames?

In M1 they are much smaller...and for H4 they are much bigger as on e.g. M15.

For me it seems as the price range itself is somehow calculated into the slope value...

Anyone else noticed this? So I think we have either to change the indi or define other limit values for ranging periods for the different time frames.

Right?
  • #1,945
  • Feb 29, 2012 12:32pm Feb 29, 2012 12:32pm
Quoting nitrate73
Try this indi Al
Thanks for the Indi, friend. You just made my trading life a little easier.
Observation is the path to discovery.
  • #1,946
  • Feb 29, 2012 12:47pm Feb 29, 2012 12:47pm
Alorete.... wondering why you got out of GBP/JPY it did not make a high bar on the Tma slope indicator yet?
  • #1,947
  • Feb 29, 2012 12:47pm Feb 29, 2012 12:47pm
Quoting Olarion1975
Hi,

why are the slope values with TMASlope.v1.2 so different in the different time frames?

In M1 they are much smaller...and for H4 they are much bigger as on e.g. M15.

For me it seems as the price range itself is somehow calculated into the slope value...

Anyone else noticed this? So I think we have either to change the indi or define other limit values for ranging periods for the different time frames.

Right?
The TmaSlope indicator simply calculates the difference (in pips) between the value of the TMA Mid line and the previous value of the TMA Mid line.

You all asked for a way to measure the slope of the TMA and that's what you got. The limit values were included as input parameters so you can use the indicator on any timeframe and any symbol - changing the parameters as appropriate for your timeframe/symbol. Of course, it does not make sense that the limit values for the M1 chart would be same as the limit values on the Daily chart.

What are the appropriate values for each timeframe? This is part of strategy you will need to determine from either backtesting or forwardtesting.
  • #1,948
  • Feb 29, 2012 12:48pm Feb 29, 2012 12:48pm
I'm a new member to this forum and was browsing the systems and stopped by this one.

I was wondering if someone could point me to the last post where I can at least get the current indicators and how they should be used?

I see that the thread is over 100 pages so I'm trying to get up to speed with the thread without being a nag by asking alot of questions.
  • #1,949
  • Feb 29, 2012 12:51pm Feb 29, 2012 12:51pm
Just curious. Would this be considered a good place to consider short sale given the rules.
PA outside upper band.
Slope indicator .57 ( > .5 )
Slope indicator heading down....am I reading this right ?

SR
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  • #1,950
  • Feb 29, 2012 12:51pm Feb 29, 2012 12:51pm
Sorry friends, but I dont understand nothing about the new, new, new rules.

Someone can make a comparison graph to show the differences??

L.
  • #1,951
  • Feb 29, 2012 12:52pm Feb 29, 2012 12:52pm
Quoting LuisPrinc
I must be badly informed or what then ? Why you entered at that price i cant understand what signal was it ? And the TMA SLOPE is above 0.5 ! for me the short for the rules was 15 minutes before. How could that be ? Please explain me 1. rule if the TMA SLOPE IS ABOVE 0.51 only longs. ! and why did you exited now on gbp yen ? and not on the centerline ???
TMA slope is 0.41. I said I exited because the price stalled and i did not want to lose my profit. After 30 years trading, I feel when prices are turning around before they do, and there is one thing that I hate more than losing money is losing the profits I have on a position.
Observation is the path to discovery.
  • #1,952
  • Feb 29, 2012 12:54pm Feb 29, 2012 12:54pm
Quoting Olarion1975
Hi,

why are the slope values with TMASlope.v1.2 so different in the different time frames?

In M1 they are much smaller...and for H4 they are much bigger as on e.g. M15.

For me it seems as the price range itself is somehow calculated into the slope value...

Anyone else noticed this? So I think we have either to change the indi or define other limit values for ranging periods for the different time frames.

Right?
Yes they are. Youīll have to change the inputs for other TF. I havenīt tried it yet. The values on the Slope Indi were optimized for M15.
Observation is the path to discovery.
  • #1,953
  • Feb 29, 2012 12:58pm Feb 29, 2012 12:58pm
Quoting fire580
Alorete.... wondering why you got out of GBP/JPY it did not make a high bar on the Tma slope indicator yet?
True. The Slope indi is not as sensitive as my ability to detect a change in price direction. I feel the indi is telling you that it will continue to drop, but after retesting the high probably. I will short again and make double profits that way. For you it is better to stick to the indi indications and ride the waves or trail a stop to the top of the previous Heiken Ashi bar.

I exited GbpJpy for the same reason, because I "felt" it was going up for a double top. I canīt explain to you how I feel that, I just do. Itīs experience.
Observation is the path to discovery.
  • #1,954
  • Feb 29, 2012 1:02pm Feb 29, 2012 1:02pm
Let's say that price is going up and then hits a resistance level and the TmaSlope indicator starts to go down would this be an entry even if the TmaSlope is above 50 - or would you have to wait for the level to come below 50?
  • #1,955
  • Feb 29, 2012 1:02pm Feb 29, 2012 1:02pm
Quoting zznbrm
The TmaSlope indicator simply calculates the difference (in pips) between the value of the TMA Mid line and the previous value of the TMA Mid line.

You all asked for a way to measure the slope of the TMA and that's what you got. The limit values were included as input parameters so you can use the indicator on any timeframe and any symbol - changing the parameters as appropriate for your timeframe/symbol. Of course, it does not make sense that the limit values for the M1 chart would be same as the limit values on the Daily chart.

What are...
ZZ,

We thank you immensely for this indicator. It is making trading TMA much easier.

I believe we can bring it to the -0.50 to 0.50 range by changind one of the inputs. Someone did it yesterday on the thread. I forget who it was...
Observation is the path to discovery.
  • #1,956
  • Feb 29, 2012 1:04pm Feb 29, 2012 1:04pm
Quoting Sjr
Just curious. Would this be considered a good place to consider short sale given the rules.
PA outside upper band.
Slope indicator .57 ( > .5 )
Slope indicator heading down....am I reading this right ?

SR
Where are your support- resistance lines? You need to install the Pivots indi. and then follow Rule 4.
Observation is the path to discovery.
  • #1,957
  • Feb 29, 2012 1:05pm Feb 29, 2012 1:05pm
Shorted GbpJpy again.
Observation is the path to discovery.
  • #1,958
  • Feb 29, 2012 1:06pm Feb 29, 2012 1:06pm
Alorete - the feeling you felt about GBP/JPY stalling were from what time frame 15M or?

Thanks for all the help and your patience
  • #1,959
  • Feb 29, 2012 1:08pm Feb 29, 2012 1:08pm
Quoting fire580
Let's say that price is going up and then hits a resistance level and the TmaSlope indicator starts to go down would this be an entry even if the TmaSlope is above 50 - or would you have to wait for the level to come below 50?
If above .50 ONLY LONGS. If Below -0.50 ONLY SHORTS. If between those values, TRADE BOTH WAYS. Please read the rules. They are very clear.
Observation is the path to discovery.
  • #1,960
  • Feb 29, 2012 1:11pm Feb 29, 2012 1:11pm
Thank you..... the reason I was confused is that you just went short GBP/JPY when the TmaSlope level was around 83?

Sorry for all the questions just trying to get this new method down and others may have the same questions
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