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Extreme TMA System

  • #2,201
  • Mar 1, 2012 4:12am Mar 1, 2012 4:12am
Quoting grechmar
the spike and mtf HA are no loner to be used, why are they still in the template? just to clarify, we only need TMA, TMA slope, MA xover lines(optional).

Secondly, a minor problem is with " long positions if the Slope value is rising", so if its -.4 and it rose to -.2 is that valid for a long trade, or does it always need to be positive? In ths case we wait for it to go above 0 eg +.1 ?

Tkx a lot, anything else to em is very clear.
Those values are the range zone where you can trade in either direction. Long only would be above 0.50. Short only below-0.50.
Observation is the path to discovery.
  • #2,202
  • Mar 1, 2012 4:13am Mar 1, 2012 4:13am
Quoting Alorente
Those values are the range zone where you can trade in either direction. Long only would be above 0.50. Short only below-0.50.
Because I am waiting for Shah to update to Version 1.3 of the slope today before I change the zip. file. The spike indi will be removed from the new zip.
Observation is the path to discovery.
  • #2,203
  • Mar 1, 2012 4:15am Mar 1, 2012 4:15am
Quoting Alorente
I usually make them 75% per month and the past 2 weeks it is lower because I simply have no time left.
I'm giving up trading, give me your bank details and I'll transfer the balance of my account!

  • #2,204
  • Mar 1, 2012 4:15am Mar 1, 2012 4:15am
Quoting itsallover
Al,
On the AU trade S1 is quite close to the lower band. Can we set this as the Take Profit level?
Yes. either the band or S1 will do, but if it stalls, you exit first and ask questions later. Never allow yourself to lose profit that you have in a trade. Never, never, never... That means Never.
Observation is the path to discovery.
  • #2,205
  • Mar 1, 2012 4:16am Mar 1, 2012 4:16am
Alorente - same question as Pixelboy What method do you employ to gauge Dollar strength or weakness - and this is something that can change many times a day?
  • #2,206
  • Mar 1, 2012 4:17am Mar 1, 2012 4:17am
Quoting bstay2
Hello Alorente,
have you explained before why you allocate one account to one pair? I will go back to read the thread if you already answered this before. I'm wondering if there is advantage in doing what you do, opening 7 accounts for 7 specific pairs.
Yes pixelboy quoted my old post yesterday. Look for it a few pages back.
Observation is the path to discovery.
  • #2,207
  • Mar 1, 2012 4:18am Mar 1, 2012 4:18am
Quoting Alorente
Maybe our brokers use differnt terms. Example: At 50:1, 1 lot of EurUsd requires $2000 of margin. If I am going to trade a hypothetical 1 lot, I will have maybe $2050 (the 50 to have a bit extra. Not really needed) in that account. That is 100% margin the way my broker refers to it. The margin can drop to almost zero in that account before I get a margin call.
That makes sense. It's a very fine line when you're dealing with highly leveraged accounts and I think it's that which is confusing me. I think the best way forward is to test it (on demo of course) and see where it hits.

Of course, it means I have to trade badly to test it...not a problem for me!

;-)
  • #2,208
  • Mar 1, 2012 4:18am Mar 1, 2012 4:18am
Quoting pixelboy
That's a fantastic bit of advice - pure gold.

Is USDJPY your key dollar strength pair or are you looking at a basket of pairs and looking for weakness across the range?

PB
I look at all of them but first EurUsd and UsdJpy.
Observation is the path to discovery.
  • #2,209
  • Mar 1, 2012 4:18am Mar 1, 2012 4:18am
Can you share with us your definition of "stalls" to the point that you act quickly and get out?
  • #2,210
  • Mar 1, 2012 4:20am Mar 1, 2012 4:20am
AUD/USD 15M slope is now increasing .... is that reason for you to get out of a short or not yet?
  • #2,211
  • Mar 1, 2012 4:22am Mar 1, 2012 4:22am
Quoting Olarion1975
Hi Al,

could you name the 7 pairs that you normally trade?`

Thank you.

Greetings from Germany,
Olarion
EurUsd, GbpUsd, UsdJpy, UsdCad, AudUsd, EurAud, EurGbp.

I also trade EurJpy often and all the other majors occasionally. No minor pairs. Not needed.
Observation is the path to discovery.
  • #2,212
  • Mar 1, 2012 4:25am Mar 1, 2012 4:25am
Thank you Alorente for the opportunity to try your TMA system. I have been trialing the 15M time frame recently and I'm looking forward to setting this up as it is a little bit like what I am using with some added definitions which I Know will help.Especially the EA side of things as I am not a programmer of any kind I appreciate all the help I can get.
I have been playing around with Frorex for a couple of years now and can really relate to all the difficulties you have mentioned.
Look forward to corresponding further in the future.
Greetings from Australia.
Lindsay
  • #2,213
  • Mar 1, 2012 4:26am Mar 1, 2012 4:26am
Quoting pixelboy
I'm giving up trading, give me your bank details and I'll transfer the balance of my account!

Itīs not too difficult for you to achieve 40% a month with the Extreme TMA system once you master it. It is an easy system to trade with few gray areas. Getting above 50% per month requires more than the system. It requires many years of experience, back up from other systems and a wide knowledge of TA. Gives you something to shoot for.
Observation is the path to discovery.
  • #2,214
  • Mar 1, 2012 4:29am Mar 1, 2012 4:29am
Quoting fire580
Alorente - same question as Pixelboy What method do you employ to gauge Dollar strength or weakness - and this is something that can change many times a day?
Scan all the Usd pairs. Normally ou will spot it first on UsdJpy and EurUsd but itīs never in the same order. The others will follow. Also, study the USIndex chart. It will tell you what to expect for the trading day.
Observation is the path to discovery.
  • #2,215
  • Mar 1, 2012 4:29am Mar 1, 2012 4:29am
Al,

"Common pairs are joined at the hip. They are wagons of the same train. One can start moving before the others, but in the end all move. It just so happens that Eur Usd was the last wagon in this train."

Very good analogy Al. I learned so much from you today than I could learn in the past so many years. I O U.

Thanks a lot.

Roy
  • #2,216
  • Mar 1, 2012 4:31am Mar 1, 2012 4:31am
So if USD/JPY is lower from the open you would say the dollar is weak?

thanks for all the help
  • #2,217
  • Mar 1, 2012 4:33am Mar 1, 2012 4:33am
Quoting fire580
Can you share with us your definition of "stalls" to the point that you act quickly and get out?
It takes years of practice to get that feel, but you can get close to it by opening a M1 chart of the position, as it gets to center line or the other band. You will see the "stall" happening a lot more clearly on M1. Like you are looking at it in slow motion through a microscope.
Observation is the path to discovery.
  • #2,218
  • Mar 1, 2012 4:36am Mar 1, 2012 4:36am
Quoting Alorente
Scan all the Usd pairs. Normally ou will spot it first on UsdJpy and EurUsd but itīs never in the same order. The others will follow. Also, study the USIndex chart. It will tell you what to expect for the trading day.
Can you tell us what you look for on the USIndex chart to give you direction for the day.

Do you look at D1 and if yesterday was a green up candle on the index expect USD strength today?
  • #2,219
  • Mar 1, 2012 4:37am Mar 1, 2012 4:37am
Quoting fire580
AUD/USD 15M slope is now increasing .... is that reason for you to get out of a short or not yet?
Nope. We are at FPV and at top band. No reason to get out. It will come down. Give it time. If it doesnīt and for some unearthly reason it takes off higher. I have recovery as plan B. Always have a plan B, C, etc. That eliminates stress. You make your decisions BEFORE entering the trade, not during the trade. Once in, you limit yourself to managing it. If things stall or look differently than the plan you had, you simply exit and ask questions later. When in doubt, get out.
Observation is the path to discovery.
  • #2,220
  • Mar 1, 2012 4:37am Mar 1, 2012 4:37am
Hi AL

Can you post exactly what changes o you need in TMA.slope v1-3 ?

The colors the texts and every thing else
just arrived home
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