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Extreme TMA System

  • #1,961
  • Feb 29, 2012 1:12pm Feb 29, 2012 1:12pm
Quoting Alorente
Where are your support- resistance lines? You need to install the Pivots indi. and then follow Rule 4.
Could someone please post the indi Al is talking about, as Ive looked thru the attachments/and Packet zip file without locating it.

Thanks

SR
  • #1,962
  • Feb 29, 2012 1:13pm Feb 29, 2012 1:13pm
Quoting fire580
Alorete - the feeling you felt about GBP/JPY stalling were from what time frame 15M or?

Thanks for all the help and your patience
I was looking at 15M but I can feel that in any time frame. Sometimes it turns around right back and I miss the trade but in general, Iīm pretty consistent calling turns from looking at PA. Iīm sure there are thousands of traders who can do it to. Itīs nothing special, itīs experience of years watching PA. Remember, I started before computers. My first computer system was eSignal, with my own satellite dish. There was no internet, There were no graphs on that system. Only bid and ask figures. By looking at the numbers change for years, I acquired the ability to "Read the Tape" as they call it.
Observation is the path to discovery.
  • #1,963
  • Feb 29, 2012 1:13pm Feb 29, 2012 1:13pm
Quoting Alorente
Shorted GbpJpy again.
Do you take this trade on the M15?

My slope value is > 0.8...so only LONGS!

What does your slope value show?
  • #1,964
  • Feb 29, 2012 1:16pm Feb 29, 2012 1:16pm
Quoting Olarion1975
Do you take this trade on the M15?

My slope value is > 0.8...so only LONGS!

What does your slope value show?
You are totally right. i am so tired and the slope number is so small that I missed it. I need a bigger Slope number, Pleeeease... Oh well. It should drop anyway, It is testing R3 again and it is way above the outer band.
Observation is the path to discovery.
  • #1,965
  • Feb 29, 2012 1:17pm Feb 29, 2012 1:17pm
You have the patience of a saint.... thank you so much
  • #1,966
  • Feb 29, 2012 1:17pm Feb 29, 2012 1:17pm
Quoting Olarion1975
Do you take this trade on the M15?

My slope value is > 0.8...so only LONGS!

What does your slope value show?
Yeah im still abit confused by this as well. Appologies up front for not picking this up quicker.....
  • #1,967
  • Feb 29, 2012 1:18pm Feb 29, 2012 1:18pm
Quoting Alorente
You are totally right. i am so tired and the slope number is so small that I missed it. I need a bigger Slope number, Pleeeease... Oh well. It should drop anyway, It is testing R3 again and it is way above the outer band.
Thanks for your fast answer.
Never mind, just for clarification. Anyway, looks like a good trade.
  • #1,968
  • Feb 29, 2012 1:19pm Feb 29, 2012 1:19pm
Quoting Alorente
Thanks for the Indi, friend. You just made my trading life a little easier.
No problem, that was posted like many hours back .. heh .. u probably missed it earlier
You gotta know when to hold 'em, know when to fold 'em ...
  • #1,969
  • Feb 29, 2012 1:21pm Feb 29, 2012 1:21pm
Quoting Sjr
Could someone please post the indi Al is talking about, as Ive looked thru the attachments/and Packet zip file without locating it.

Thanks

SR
Here it is.
Attached File(s)
File Type: ex4 THV4 TzPivotsD (Black).ex4   45 KB | 606 downloads
Observation is the path to discovery.
  • #1,970
  • Feb 29, 2012 1:22pm Feb 29, 2012 1:22pm
Quoting nitrate73
No problem, that was posted like many hours back .. heh .. u probably missed it earlier
No. I just didnīt have time to grab it and install it. I was busier than a one armed traffic cop.
Observation is the path to discovery.
  • #1,971
  • Feb 29, 2012 1:24pm Feb 29, 2012 1:24pm
Quoting Alorente
Here it is.
Thanks it turned out I had it...

Heres what the chart looks like now....

SR
Attached Image (click to enlarge)
Click to Enlarge Name: jpg.gif Size: 29 KB
  • #1,972
  • Feb 29, 2012 1:25pm Feb 29, 2012 1:25pm
Regarding the entry rules. Since Rule #2 has dictated rather we are going long or short, would #3 be clearer if it said

3- We will now look at the TMA Slope Indicator and only enter long if the Slope value is rising and only enter short positions if Slope value is falling. The steeper the rise or fall on the indicator, the stronger the signal.

I don't know, maybe that's a subtle change, but when I first read it, #3 confused me.
  • #1,973
  • Feb 29, 2012 1:27pm Feb 29, 2012 1:27pm
Quoting Sjr
Thanks it turned out I had it...

Heres what the chart looks like now....

SR
Wow. You need to get in the inputs and change a ton of things on it. Better yet, just apply my template and it will change the inputs for you, but then you need to change the Broker Server time zone and the second time zone setting to gmt for London time. Can someone help him get this fixed. Your s/r levels will not display at the correct prices unless you change this.
Observation is the path to discovery.
  • #1,974
  • Feb 29, 2012 1:30pm Feb 29, 2012 1:30pm
Quoting odellcash
Regarding the entry rules. Since Rule #2 has dictated rather we are going long or short, would #3 be clearer if it said

3- We will now look at the TMA Slope Indicator and only enter long if the Slope value is rising and only enter short positions if Slope value is falling. The steeper the rise or fall on the indicator, the stronger the signal.

I don't know, maybe that's a subtle change, but when I first read it, #3 confused me.
Done. I changed Rule 3. Thanks.
Observation is the path to discovery.
  • #1,975
  • Feb 29, 2012 1:31pm Feb 29, 2012 1:31pm
So Looking at the above chart, >.5. BUT, slope is heading down....and against MR4 resistance ? So is this a valid potential short or not....

hmm still a bit confused...I'll .re read page one again....
  • #1,976
  • Feb 29, 2012 1:32pm Feb 29, 2012 1:32pm
Can anyone check the below chart and comment if my short entry at daily pivot is correct as per the rules of this system?
Attached Image (click to enlarge)
Click to Enlarge Name: Oil Short.png Size: 25 KB
Fall seven times, stand up Eight! #GGMU
  • #1,977
  • Feb 29, 2012 1:37pm Feb 29, 2012 1:37pm
Al this shows the TMA SLOPE amount
Attached File(s)
File Type: mq4 TmaSlope.v1.2.mq4   7 KB | 740 downloads
  • #1,978
  • Feb 29, 2012 1:39pm Feb 29, 2012 1:39pm
TMA slope divergence + amount
Attached Image (click to enlarge)
Click to Enlarge Name: text book example59.gif Size: 14 KB
  • #1,979
  • Feb 29, 2012 1:47pm Feb 29, 2012 1:47pm
Thank you so much for taking your time to do this. I know you are spending a ton of time helping us to understand this, and it is greatly appreciated.

Regarding Entry Rule #4

Is this rule exclusively for making trades when the TMA is beyond the upper or lower bands, or does it apply to any and all trades? It could be read either way.

If it is for any trade then is seems to contradict #2 that says "We do not need a close beyond the outer bands".

I'm thinking its a "special condition" rule for when the TMA is trending above/below the outer bands (i.e. for when there is a strong trend)
Again, I know your spending a lot of time explaining this and answering questions, I and really really appreciate your efforts
  • #1,980
  • Feb 29, 2012 1:47pm Feb 29, 2012 1:47pm
OK, I am getting bombarded with PMs asking me about the values changing in the Slope indi when TF change. The solution is simple. Determine the value from the M15 chart to comply with rule 1. Then switch to your other time frame and trade in the direction determined with the M15 value. Itīs easy...

For example, Iīm scalping EurUsd in M1. I keep a chart open also of the M15. I determine if it is ranging, only longs or only shorts, I trade in my M1 chart as per the indication of the M15 value.
Observation is the path to discovery.
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