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Extreme TMA System

  • #2,041
  • Feb 29, 2012 1:12pm Feb 29, 2012 1:12pm
Could someone tell me what has happended with the use of extreme spėke and MA cross and lines? I do not see more in the rewrited rules in post 1 . . .
tks
Humble & Kalcker CLO2 = Covid killer
  • #2,042
  • Feb 29, 2012 1:16pm Feb 29, 2012 1:16pm
Quoting odellcash
Is this a Valid short of USDCAD

http://www.forexfactory.com/attachme...1&d=1330549662
It is a good short, but I personally would like price to get closer to S3, but you can take this trade if you want. I like to take trades as far out of the bans as possible. In this case the ideal would be to be touching S3.
Observation is the path to discovery.
  • #2,043
  • Feb 29, 2012 1:18pm Feb 29, 2012 1:18pm
Quoting jusiur
Could someone tell me what has happended with the use of extreme spėke and MA cross and lines? I do not see more in the rewrited rules in post 1 . . .
tks
You´ve got a lot of reading ahead of you my friend. Read all the posts from today. You need to read yesterday´s posts too if you haven´t read them yet.
Observation is the path to discovery.
  • #2,044
  • Feb 29, 2012 1:23pm Feb 29, 2012 1:23pm
Quoting Alorente
It is a good short, but I personally would like price to get closer to S3, but you can take this trade if you want. I like to take trades as far out of the bans as possible. In this case the ideal would be to be touching S3.
Thanks you.
  • #2,045
  • Feb 29, 2012 1:24pm Feb 29, 2012 1:24pm
Quoting Alorente
3- We will now look at the TMA Slope Indicator and only enter long positions 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.

4- Finally, we will only take a short trade if price is above the upper TMA band AND testing a resistance level located also above the upper band. We will only take a long trade if price is below the lower band AND testing a support level located also below the lower band....

Al, any system is supposed to have some conditions (under which we are preparing to enter the trade) and the trigger (something that tells us: enter right now!).

I understand that you described all the conditions in the rules 1, 2, 3, 4, but what is the trigger? Is it when we see that the current TMA Slope bar is smaller than the previous bar - and then we go short? Do we have to wait until the bar is closed?

You say: enter when all the conditions are met. I'm sorry, but it is too vague for me...

Al, I'm sorry for wasting your time, but I read all 4 rules several times and I don't see the trigger. Can you show to me some picture, when exactly you enter the trade and why?

Thank you!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,046
  • Feb 29, 2012 1:25pm Feb 29, 2012 1:25pm
OK. Rule 2 is fixed. I will wait to upload the new packet.zip file until we have the Slope indi with the lines from Shah tomorrow.
Observation is the path to discovery.
  • #2,047
  • Feb 29, 2012 1:26pm Feb 29, 2012 1:26pm
Quoting Favorite
Al, any system is supposed to have some conditions (under which we are preparing to enter the trade) and the trigger (something that tells us: enter right now!).

I understand that you described all the conditions in the rules 1, 2, 3, 4, but what is the trigger? Is it when we see that the current TMA Slope bar is smaller than the previous bar - and then we go short? Do we have to wait until the bar is closed?

You say: enter when all the conditions are met. I'm sorry, but it is too vague for me...

Al, I'm sorry for wasting your...
I am with the same problem!

Please big Al, save our souls!!



L.
  • #2,048
  • Feb 29, 2012 1:28pm Feb 29, 2012 1:28pm
Quoting Alorente
It is a good short, but I personally would like price to get closer to S3, but you can take this trade if you want. I like to take trades as far out of the bans as possible. In this case the ideal would be to be touching S3.
On my chart the 21.30 candle pierced S3
You mentioned earlier about having the right perameters for the pivots
Can you tell me what they should be

thanks

edit: looking back I think I changed them to Hrs Server from GMT 2 and Hrs Choice from GMT 0..... is this correct? I'm in GMT zone
  • #2,049
  • Feb 29, 2012 1:30pm Feb 29, 2012 1:30pm
Today´s Trades:

Closed Trades:

GbpUsd +57 pips

AudUsd +73 pips

Usd Cad +24 pips

Gold +17 pips

EurAud +13 pips

AudNzd +12 pips

GbpAud +23 pips

GbpJpy +28 pips

UsdJpy +18 pips

GbpJpy +10 pips

UsdChf BE (Another Recovery success).

Total Closed for Today: +275 pips

Open Trades: None

Total this week:

Monday: +243 pips

Tuesday: +222 pips

Wednesday: +275 pips

Total: +740 pips
Observation is the path to discovery.
  • #2,050
  • Feb 29, 2012 1:32pm Feb 29, 2012 1:32pm
I closed GbpJpy and posted final results for today.
Observation is the path to discovery.
  • #2,051
  • Feb 29, 2012 1:36pm Feb 29, 2012 1:36pm
Quoting Favorite
Al, any system is supposed to have some conditions (under which we are preparing to enter the trade) and the trigger (something that tells us: enter right now!).

I understand that you described all the conditions in the rules 1, 2, 3, 4, but what is the trigger? Is it when we see that the current TMA Slope bar is smaller than the previous bar - and then we go short? Do we have to wait until the bar is closed?

You say: enter when all the conditions are met. I'm sorry, but it is too vague for me...

Al, I'm sorry for wasting your time,...
The trigger is when you touch the resistance or the support line. If you want I can add a trigger in the opposite direction like the bottom of previous bar for a short, etc. but it will reduce your profit by a few pips. I enter the order as soon as price touches the S/R line. That way I maximize the profit of the trade. I was doing that all day today and had a very good day.
Observation is the path to discovery.
  • #2,052
  • Feb 29, 2012 1:39pm Feb 29, 2012 1:39pm
Is It what you are looking for AL ?

Or you do not need either the white Bars?!
Attached Image (click to enlarge)
Click to Enlarge Name: text book example61.gif Size: 14 KB
  • #2,053
  • Feb 29, 2012 1:39pm Feb 29, 2012 1:39pm
Quoting Favorite
Al, any system is supposed to have some conditions (under which we are preparing to enter the trade) and the trigger (something that tells us: enter right now!).

I understand that you described all the conditions in the rules 1, 2, 3, 4, but what is the trigger? Is it when we see that the current TMA Slope bar is smaller than the previous bar - and then we go short? Do we have to wait until the bar is closed?

You say: enter when all the conditions are met. I'm sorry, but it is too vague for me...

Al, I'm sorry for wasting your time,...
I just changed the wording of the first entry option so that it is clear that the order is to be entered when touching the S/R line.
Observation is the path to discovery.
  • #2,054
  • Feb 29, 2012 1:41pm Feb 29, 2012 1:41pm
Quoting P.Dean
Hi shah and thanks for your great effort..

i asked easyryder and he said he don't have the time.. and i assume he does not have a non-repainting one.

I think in what i do it will help greatly the win rate will go to the roof.. i can do this with the same slope indi that we have already but when looking at 10-15 charts it consumes time and mis trade possibilities.
remember i am asking for the slope indi to be non-repainting not the tma, i already have non-repainting tma (true tma.. which I myself have presented in here too)
P Dean,
zzbrm posted a non-repainting slope indicator tmaslope2, attached. You should also be able to get it from the attachments on the thread and read his post. Hope it helps.
Attached File(s)
File Type: ex4 TmaSlope2.ex4   5 KB | 809 downloads
  • #2,055
  • Feb 29, 2012 1:44pm Feb 29, 2012 1:44pm
Quoting Favorite
Al, any system is supposed to have some conditions (under which we are preparing to enter the trade) and the trigger (something that tells us: enter right now!).

I understand that you described all the conditions in the rules 1, 2, 3, 4, but what is the trigger? Is it when we see that the current TMA Slope bar is smaller than the previous bar - and then we go short? Do we have to wait until the bar is closed?

You say: enter when all the conditions are met. I'm sorry, but it is too vague for me...

Al, I'm sorry for wasting your time,...
Order is entered in the chart attached when price hits R3.

Price is very overextended. Slope indi dropping and price under resistance. Great trade to take if the TMA Slope was in the Range Zone which it isn´t, so this is not a valid trade, but it gives you an example of what to look for.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud.gif Size: 14 KB
Observation is the path to discovery.
  • #2,056
  • Feb 29, 2012 1:49pm Feb 29, 2012 1:49pm
Quoting Greenlake
On my chart the 21.30 candle pierced S3
You mentioned earlier about having the right perameters for the pivots
Can you tell me what they should be

thanks

edit: looking back I think I changed them to Hrs Server from GMT 2 and Hrs Choice from GMT 0..... is this correct? I'm in GMT zone
The second one is correct but where is your broker server (Time Zone)? If it is GMT then put o. If he is CET then write 1, if he is 2 hours east of GMT like mine in Cyprus, then write 3.
Observation is the path to discovery.
  • #2,057
  • Feb 29, 2012 1:50pm Feb 29, 2012 1:50pm
Quoting Alorente
The trigger is when you touch the resistance or the support line. If you want I can add a trigger in the opposite direction like the bottom of previous bar for a short, etc. but it will reduce your profit by a few pips. I enter the order as soon as price touches the S/R line. That way I maximize the profit of the trade. I was doing that all day today and had a very good day.
So all of our trades are required to meet Rule 4? We are only trading off support/resistance lines?
  • #2,058
  • Feb 29, 2012 1:51pm Feb 29, 2012 1:51pm
Quoting shahrooz67
Is It what you are looking for AL ?

Or you do not need either the white Bars?!
This is perfect Shah. Go ahead and eliminate the white bars. Red under 0 and Green above 0.

Then send it to me for evaluation.

Thanks brother.
Observation is the path to discovery.
  • #2,059
  • Feb 29, 2012 1:53pm Feb 29, 2012 1:53pm
Quoting odellcash
So all of our trades are required to meet Rule 4? We are only trading off support/resistance lines?
Ideally yes. But you can take your trades if they are close to the levels. It is up to you. I take them when they have touched (tested) the resistance, to make sure price doesn´t break through. In fact, I like to wait a while and enter on the second candle of testing.
Observation is the path to discovery.
  • #2,060
  • Feb 29, 2012 1:54pm Feb 29, 2012 1:54pm
Quoting Alorente
The second one is correct but where is your broker server (Time Zone)? If it is GMT then put o. If he is CET then write 1, if he is 2 hours east of GMT like mine in Cyprus, then write 3.

Thank you Al

I'm sorted now......... your infinite patience is much appreciated
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