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Extreme TMA System

  • #2,221
  • Mar 1, 2012 4:37am Mar 1, 2012 4:37am
good point thanks
  • #2,222
  • Mar 1, 2012 4:39am Mar 1, 2012 4:39am
Quoting normtold
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?
That is the million dollar question. You need to know TA profoundly to have a chart speak to you. That I really canīt explain to you, sorry. You have to learn that through many years of study and experience.
Observation is the path to discovery.
  • #2,223
  • Mar 1, 2012 4:40am Mar 1, 2012 4:40am
Quoting shahrooz67
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
Shah, that was one of my first posts this morning. I detailed it for you.
Observation is the path to discovery.
  • #2,224
  • Mar 1, 2012 4:42am Mar 1, 2012 4:42am
Quoting Alorente
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.
Well, my long term trading plan is to shoot for 15-20% per month. I usually hit my targets for a couple of months, then have a bad one. Slowly improving though, and I'm sure this thread has had a very positive impact.

PB
  • #2,225
  • Mar 1, 2012 4:42am Mar 1, 2012 4:42am
There goes EurUsd as expected. As I said before I was tempted to enter the short, but I didnīt want to break the rules with so many eyes watching me. That would be a bad example, wouldnīt it...
Observation is the path to discovery.
  • #2,226
  • Mar 1, 2012 4:42am Mar 1, 2012 4:42am
Quoting Alorente
Shah, that was one of my first posts this morning. I detailed it for you.

I did not see the post !

I am going to check the posts again
  • #2,227
  • Mar 1, 2012 4:43am Mar 1, 2012 4:43am
Morning Alorente et al,

I happened upon this thread yesterday (I've not participated in the forums for years now). it seems we trade in a similar way, although I use bb & s&r for range and pa with stochs for entry (volume to but thats another story). I trade 1h mostly but have been looking to trade more on lowerr t/f's.

I'm going to integrate your system and work with both for a bit as it looks promising... but the proof of the pudding is in the eating as they say.

kind regards

ps nice to see someone able to articulate sensible money/trade management and not just conditions of entry. "jumping out of a plane is easy, it's the landing that kills you afterall"
  • #2,228
  • Mar 1, 2012 4:44am Mar 1, 2012 4:44am
Quoting pixelboy
Well, my long term trading plan is to shoot for 15-20% per month. I usually hit my targets for a couple of months, then have a bad one. Slowly improving though, and I'm sure this thread has had a very positive impact.

PB
Under 20% return a month is not an acceptable risk to take. Trading is risky. You need a minimum of 20% per month to justify that risk, or sooner or later you will blow your account or end up in trouble.
Observation is the path to discovery.
  • #2,229
  • Mar 1, 2012 4:44am Mar 1, 2012 4:44am
Can anyone explain what the different colors in TMA slope signify?
Thanx
.... laughing all the way to the bank
  • #2,230
  • Mar 1, 2012 4:46am Mar 1, 2012 4:46am
Quoting pixelboy
Well, my long term trading plan is to shoot for 15-20% per month. I usually hit my targets for a couple of months, then have a bad one. Slowly improving though, and I'm sure this thread has had a very positive impact.

PB
You should demo trade or trade micro lots, until you know for a fact that you can average a minimum of 20% per month. Under that, you have no business trading real money. Word of advice... From someone that lost over a million dollars during his first 8 years of trading.
Observation is the path to discovery.
  • #2,231
  • Mar 1, 2012 4:48am Mar 1, 2012 4:48am
Quoting Alorente
That is the million dollar question. You need to know TA profoundly to have a chart speak to you. That I really canīt explain to you, sorry. You have to learn that through many years of study and experience.
Ok well I don't have those years of experience so I was looking at the index d1 and see it had been declining since before mid January, yesterday there was an outside engulfing bar and price finished on a higher high.

On another note is EUR/GBP a possible set up, price through lower band and through S1, or maybe wait for price to go to S2?
  • #2,232
  • Mar 1, 2012 4:51am Mar 1, 2012 4:51am
I woke up at 3:00am EST this morning and couldn't get back to sleep.
I went to my computer and made 50 pips on several trades. As keyed up as I am, I couldn't sleep now if I wanted to. Many thanks again Al for your system and tutoring. It is not only the system, it is the education you are providing as well. This is great!!

Biganc
  • #2,233
  • Mar 1, 2012 4:57am Mar 1, 2012 4:57am
Thought Iīd show you pictures of my house in Madrid, where I spend 90% of my life. I live all alone in there and spend practically the entire day trading.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Alfredo House.jpg Size: 316 KB
Click to Enlarge Name: Alfredo House 2.jpg Size: 265 KB
Observation is the path to discovery.
  • #2,234
  • Mar 1, 2012 5:00am Mar 1, 2012 5:00am
Quoting itsallover
Can anyone explain what the different colors in TMA slope signify?
Thanx
The new version 1.3 will have only Green and Red. Donīt worry about the pretty colors.
Observation is the path to discovery.
  • #2,235
  • Mar 1, 2012 5:00am Mar 1, 2012 5:00am
Quoting biganc
I woke up at 3:00am EST this morning and couldn't get back to sleep.
I went to my computer and made 50 pips on several trades. As keyed up as I am, I couldn't sleep now if I wanted to. Many thanks again Al for your system and tutoring. It is not only the system, it is the education you are providing as well. This is great!!

Biganc
Anytime, buddy.
Observation is the path to discovery.
  • #2,236
  • Mar 1, 2012 5:03am Mar 1, 2012 5:03am
Quoting biganc
I woke up at 3:00am EST this morning and couldn't get back to sleep.
I went to my computer and made 50 pips on several trades. As keyed up as I am, I couldn't sleep now if I wanted to. Many thanks again Al for your system and tutoring. It is not only the system, it is the education you are providing as well. This is great!!

Biganc
Great! I know what u mean...exciting. Same here, but not making those pips yet ..... my eyes still have to open for the entry and exit points.
  • #2,237
  • Mar 1, 2012 5:04am Mar 1, 2012 5:04am
ooOO nice house Al , i like your pose ..
You gotta know when to hold 'em, know when to fold 'em ...
  • #2,238
  • Mar 1, 2012 5:04am Mar 1, 2012 5:04am
Did you notice the pretty little arrow on GbpUsd. The arrow signals the bar where Slope begins to decline. Itīs a nice heads up so you donīt miss the down move. I was on the phone and I missed it ...
Observation is the path to discovery.
  • #2,239
  • Mar 1, 2012 5:05am Mar 1, 2012 5:05am
Quoting Alorente
Thought Iīd show you pictures of my house in Madrid, where I spend 90% of my life. I live all alone in there and spend practically the entire day trading.
Very nice!
Definitely a nice place for living (and trading of course ).
  • #2,240
  • Mar 1, 2012 5:07am Mar 1, 2012 5:07am
My TMA slope indicator v1.2 has no arrows.
It is from your first posting.

Would somebody mind to post the newest indicator which has the arrows ?
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