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Extreme TMA System

  • #2,301
  • Mar 1, 2012 4:27am Mar 1, 2012 4:27am
Quoting Alorente
...That is a quick way to the poor house for most here. System or no system, M1 requires complete control of your mind and a long many thousands of hours of practice. It´s easy on a dead day like today, but when things heat up and you start going from band to band in half of a 1 minute bar, then you will understand what I mean. You will freeze and you will not know what to do and in a few minutes you can lose everything. Trust me, stay away from M1 unless you are an old warrior at it.
I can really echo those sentiments! That's how I lost most of my capital trading futures! The loss was not as bad as the loss of confidence, which takes a long time to recover from! This thread has helped me a lot in my recovery process!
Can't thank Al enough! His previous losses are turning into our gains (if we pay attention! )
The mind thinks, the heart knows...
  • #2,302
  • Mar 1, 2012 4:27am Mar 1, 2012 4:27am
Quoting interbucks
about 8 bars back on the M15 eurusd entered a short.... what triggered the exit in this case, plse anyone?
I am learning too so take anything I say with a pinch of salt.

But I did not see an entry on EU 8 bars back. Price was on the centre line not touching or outside the TMA lines.
  • #2,303
  • Mar 1, 2012 4:28am Mar 1, 2012 4:28am
Quoting normtold
It is strange I have a new PC with plenty of memeory, RAM and it runs 7 MT4 platforms with no problem, about 15% CPU usage but when I have this thread on FF open is shoots up to 90%/100% and the fan is on constantly, very noisy.

So it does not seem to be the platfrorms using the CPU but the one IE page I have open, this page.

Thanks normtold
That makes sense, noticed my fan has been working a bit more than usual as well.
  • #2,304
  • Mar 1, 2012 4:28am Mar 1, 2012 4:28am
Al,

With the GBPUSD short trade which we entered around FPV. If price continues going against us I'm wondering where you would take your first recovery trade? wait for a setup after -50 pips/-100 pips or would you take the next setup short at R1 even though your first trade would only be down -30 pips?

Cheers champ
Jem
  • #2,305
  • Mar 1, 2012 4:29am Mar 1, 2012 4:29am
Quoting Alorente
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.
That's an interesting position. I have always been told the opposite is true: that if you aim for too much % return you are over-trading, over-leveraged or risking too much. Given that pro traders who follow the long trends have a good year if they return 30 to 50%, I actually thought my 20% per month was a tough ask.

PB
  • #2,306
  • Mar 1, 2012 4:29am Mar 1, 2012 4:29am
Quoting Alorente
Why did you enter a short. It´s not even through the upper band...
Thanks. But I managed the next one USDCAD quite well... but its stalling a bit right now....
  • #2,307
  • Mar 1, 2012 4:36am Mar 1, 2012 4:36am
Al would you add to a position, like your gbp/usd trade when it goes against you?

PS This is a great easy system Thank you very much for all your hard work
  • #2,308
  • Mar 1, 2012 4:38am Mar 1, 2012 4:38am
Quoting interbucks
Thanks. But I managed the next one USDCAD quite well... but its stalling a bit right now....
trading is 95% waiting..... relax
  • #2,309
  • Mar 1, 2012 4:41am Mar 1, 2012 4:41am
till today i only read at ff for some years. this will be my first posting and i want to say thanks for all the idea´s and insight the people give here!

this system look´s really interesting to me because in the past i trade and experimented a lot with center of gravity...

sorry if i ask a question who maybe answered before!
but why we dont take lwma for the center line (tma_true)
this would give a better view for the trade´s happened in the past?

sorry for my english...

greetings
  • #2,310
  • Mar 1, 2012 4:41am Mar 1, 2012 4:41am
Quoting Ever E. Man
I can really echo those sentiments! That's how I lost most of my capital trading futures! The loss was not as bad as the loss of confidence, which takes a long time to recover from! This thread has helped me a lot in my recovery process!
Can't thank Al enough! His previous losses are turning into our gains (if we pay attention! )
Ever,

The most important aspect of trading experience is to be able to lose without losing your stride. Learning how to lose without it affecting your confidence is key. And, you know what, when it doesn´t rattle you any more to lose, you actually stop losing...
Observation is the path to discovery.
  • #2,311
  • Mar 1, 2012 4:43am Mar 1, 2012 4:43am
Quoting icarusfx
trading is 95% waiting..... relax
Thanks. Noticed also the EURUSD hiting bottom band and S1....
  • #2,312
  • Mar 1, 2012 4:44am Mar 1, 2012 4:44am
Quoting Alorente
Here is an example of what happens with pivot levels when they are hit repeatedly. R2 was broken on the way up, then hit hard on the way down, a bounce and easily broken on the second try. Now it will be much weaker for the rest of the day.
First A HUGE thx to Al for all your time and effort. This thread must be breaking records for how quick it's growing.
Anyone else have pivot points different than AL's. Mine start on the exact same candle as Al's aud/nzd chart posted but have different value's. Mine have matched a few others that have posted a while back. Seams that's an important part of this system so I'd like to have the correct pivots.
Thx again AL!!!!!
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Barry
  • #2,313
  • Mar 1, 2012 4:46am Mar 1, 2012 4:46am
Quoting Alorente
I see it dropping to the bottom band on both.
Ciao Alfredo,
About my h4 trades i closed audusd this morning for 20 pips profit because price was at middle line for a lot of time, nzdusd is stil open and in 25 pips profit, i dont know very well how to manage it...what do you think about ?
Both trades are with old rule because i don't have enough time to study the news (i'll do it the next we).
Thanks for your Answer
A kiss
Sabrina
  • #2,314
  • Mar 1, 2012 4:47am Mar 1, 2012 4:47am
Quoting pixelboy
That's an interesting position. I have always been told the opposite is true: that if you aim for too much % return you are over-trading, over-leveraged or risking too much. Given that pro traders who follow the long trends have a good year if they return 30 to 50%, I actually thought my 20% per month was a tough ask.

PB
You shouldn´t pressure yourself with a profit goal. You should just concentrate on performance. The money will come. Trading is already stressful enough to think about making your numbers each month.
Observation is the path to discovery.
  • #2,315
  • Mar 1, 2012 4:50am Mar 1, 2012 4:50am
Quoting logic38
Al would you add to a position, like your gbp/usd trade when it goes against you?

PS This is a great easy system Thank you very much for all your hard work
You need to read everything from the beginning of the thread. There are many detailed post that describe the Recovery method. Read them and your question will be answered.
Observation is the path to discovery.
  • #2,316
  • Mar 1, 2012 4:52am Mar 1, 2012 4:52am
I don’t think that we should give up on spikes. Why?

Yesterday, while i was browsing through time frames i realized this:
- on m15, m30, h1 and h4 we had the red spikes around same value - 1.3480 (let’s say T0);
- on the other hand, on m15, after red spike, few candles away, there was a low about 1.3421, marked by a simple spike (T1);
- at the moment that i saw this(T3), the market was around 1.3450 .
By the rule that everything that comes up must come down, knowing that at trend (no matter time frame it is) is marked by 2 coloured spikes (red and blue), i realized 100% that before making new high above 1.3480, the market will drop at least to 1.3420 so that the blue spike appear (those 30 pips seemed granted to me).
I believe that could be applied in any time frame. What do you say? Let’s see those spikes from this point of view.

P.S. sorry for my poor english.
  • #2,317
  • Mar 1, 2012 4:53am Mar 1, 2012 4:53am
Quoting icarusfx
trading is 95% waiting..... relax
Trading is like war, 90% boredom of and 10% panic mixed with ecstasy.
Observation is the path to discovery.
  • #2,318
  • Mar 1, 2012 4:54am Mar 1, 2012 4:54am
Quoting Alorente
You shouldn´t pressure yourself with a profit goal. You should just concentrate on performance. The money will come. Trading is already stressful enough to think about making your numbers each month.
There is a gem that any new traders should print and tape to their monitors!!! My Dad used to say "look after the cents, and the dollars will look after themselves"......he was correct!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,319
  • Mar 1, 2012 4:55am Mar 1, 2012 4:55am
eurusd m15 hitting s2 couple of times..... is the support weaker now... possibility it will go south? Got an arrow 1 bar back on slope indi that direction might go north.... any comments guys?
  • #2,320
  • Mar 1, 2012 5:04am Mar 1, 2012 5:04am
Quoting interbucks
eurusd m15 hitting s2 couple of times..... is the support weaker now... possibility it will go south? Got an arrow 1 bar back on slope indi that direction might go north.... any comments guys?
These bars touching, all of them are just the first test of that support. Price would need to retrace some and then come back to the support area for it to count a second time.
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