Extreme TMA System | Page 135 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Hennis Extreme TMA System 105 replies

TMA Reality Tour 116 replies

Happs with TMA Trading Journal 25 replies

MTF TMA 287 replies

SnakeForce - simple TMA with alert? 3 replies

Attachments: Extreme TMA System
Exit Attachments

Extreme TMA System

  • #2,681
  • Mar 2, 2012 2:40am Mar 2, 2012 2:40am
Quoting Alorente
I agree that it is a problem, but traders are and should be free to post what they think works for them. It is up to each one of us to decide what to do with the indicators. The "officially" tested and approved indicators are always the ones contained in the Packet.zip file on page one. I am currently reviewing 3 of the recently posted, including Pat´s, to determine the value they may have as it relates to our system. Only indis that make the system more accurate or profitable will be added to the Packet.zip file.



You are right
  • #2,682
  • Mar 2, 2012 2:42am Mar 2, 2012 2:42am
Quoting 2face
Buenos dias ,

Im writing from Alcala de Henares. I would like the source code in order to build it in prorealtime platform which is what my broker is using.

Muchas gracias
Hola amigo,

The mq4 file will not be posted until Carl is totally finished with building the Dashboard. He is being kind enough to give us previews of his ongoing work, but the Dashboard is far from being complete at this time and should not be used for trading in its current form.
Observation is the path to discovery.
  • #2,683
  • Mar 2, 2012 2:43am Mar 2, 2012 2:43am
Quoting Alorente
Le Celte, just try it yourself...Move the vertical line to the previous swing high or low and observe how the white areas in the 4 columns act. It is clear and simple to see.
Yes Al, but I dont see (understand) this :

"When you move the line to a swing top or bottom, pay close attention to the various band levels. Draw some horizontal lines at at those locations. You might be pleasantly surprised. In fact they might indicate when to enter or reverse a position, establish a stoploss, and take profit etc."
  • #2,684
  • Mar 2, 2012 2:44am Mar 2, 2012 2:44am
Quoting calvin1006
Attachment

Hi Al,

Have a look on the EU - 15min.
Seems like it will break S2 and futher down, so can i follow the rules and buy? or wait first?


Calvin
You can buy according to the rules, however, I have repeatedly said that I, personally, will not long the Euro in any of its pairs, for the time being. I do not want to condition your decision. If you feel you should buy, go ahead and buy.
Observation is the path to discovery.
  • #2,685
  • Mar 2, 2012 2:46am Mar 2, 2012 2:46am
Quoting shahrooz67
je pense vous etes en france.
qu'une traduction :

Déplacez la ligne verticale de la balançoire précédente haute ou basse et observer la façon dont les zones blanches de l'acte 4 colonnes. Il est clair et simple à voir.
Good job, Shah !!
Observation is the path to discovery.
  • #2,686
  • Mar 2, 2012 2:48am Mar 2, 2012 2:48am
Quoting le celte
Yes Al, but I dont see (understand) this :

"When you move the line to a swing top or bottom, pay close attention to the various band levels. Draw some horizontal lines at at those locations. You might be pleasantly surprised. In fact they might indicate when to enter or reverse a position, establish a stoploss, and take profit etc."
Please, do not use this indi yet to make actual trading decisions. Give me a chance to evaluate it this weekend and I will post my thoughts by Monday. It was posted late last night and sleeping time got in the way.
Observation is the path to discovery.
  • #2,687
  • Mar 2, 2012 2:51am Mar 2, 2012 2:51am
Quoting Alorente
You can buy according to the rules, however, I have repeatedly said that I, personally, will not long the Euro in any of its pairs, for the time being. I do not want to condition your decision. If you feel you should buy, go ahead and buy.
You are really a experience and disiplin trader!~ Really glad to meet someone like you.

By the way , i am new and just 1 years experience in forex. i like the way you look at the market and the way you trade.

Really thanks for sharing this thread..

  • #2,688
  • Mar 2, 2012 2:53am Mar 2, 2012 2:53am
Quoting Alorente
Please, do not use this indi yet to make actual trading decisions.
Ok and Thanks Pat also

jf
(yes pat I am french)
  • #2,689
  • Mar 2, 2012 2:57am Mar 2, 2012 2:57am
Closed AudUsd with +10 pips.
Observation is the path to discovery.
  • #2,690
  • Mar 2, 2012 3:04am Mar 2, 2012 3:04am
[quote=bstay2;5437036]...The originator designed a good stable system, defined all the parameters, proof-tested the settings ....... and the next person will want to "improve" on it by adding this or that to "make it better"...quote]

It's human nature to try to improve any creation, which often makes it worse, right?

"If it's not broken, don't fix it!"

IMHO Al does a great job of scanning the suggestions and explaining why the suggested change(s) doesn't work in his vast experience!

If there is one GREAT thing about this thread, it's Al's generosity with his time and vast experience. I think this allows us to reject those ideas that he's already found out do not work over time!

So, we don't have to wrestle for months before rejecting one (after losing who knows how much money?!)

How long would it take to test all these ideas for three months each to see if they work? How much time and money to find the good ones?

Al has tested sooooo many (and spent a fortune of HIS money ) that the defective ones can be rejected quickly and the good ones added! What a resource!!!!!!

IMHO it might help to carefully consider your offer to add an improvement YOURSELF before posting it, though. You might be able to find out why Al uses the ones he uses without taking up time on the thread.

Having said that, censorship is probably going to be damaging to the creative flow of ideas and some really good ones might be lost.

Thanks, Al, for your generosity in time and wisdom! We love you for it!

Cool shades, too!
The mind thinks, the heart knows...
  • #2,691
  • Mar 2, 2012 3:05am Mar 2, 2012 3:05am
Quoting calvin1006
You are really a experience and disiplin trader!~ Really glad to meet someone like you.

By the way , i am new and just 1 years experience in forex. i like the way you look at the market and the way you trade.

Really thanks for sharing this thread..

Thanks, friend.

Even though the system was indicating to us that a long trade in EurUsd was feasible, there were several other factors that made me refrain from doing so. As you can see, a long this morning would have given you a quick case of heartburn. I will be discussing these "many" other tricks of the trade that I use to make my trading decisions in future days and weeks. For now, we still have to focus on the system and making it better each day. As I have said several times, it is much more important to not lose money in this profession than to make money. Losing money dents your confidence, and that cannot be allowed to happen if you want to be a successful trader.
Observation is the path to discovery.
  • #2,692
  • Mar 2, 2012 3:11am Mar 2, 2012 3:11am
[quote=Ever E. Man;5437152]
Quoting bstay2
...The originator designed a good stable system, defined all the parameters, proof-tested the settings ....... and the next person will want to "improve" on it by adding this or that to "make it better"...quote]

It's human nature to try to improve any creation, which often makes it worse, right?

"If it's not broken, don't fix it!"

IMHO Al does a great job of scanning the suggestions and explaining why the suggested change(s) doesn't work in his vast experience!

If there is one GREAT thing about...
Thank you, Ever. At some point, you and I have to meet over drinks in Naples. I have been there many times and I love it. Do you know the Bookers of Naples? Cindy and Eric are good friends and were business associates of mine for years. They both were in their respective PGA Tours and were quite successful.

Anyway, thanks a lot for your compliments. I don´t deserve them, but I graciously accept them.
Observation is the path to discovery.
  • #2,693
  • Mar 2, 2012 3:15am Mar 2, 2012 3:15am
Please, be very careful betting against USD in the following days. It is clearly gathering strength. All my charts are pointing north for the dollar. That doesn´t mean you shouldn´t trade against it if the system rules are met, but be conservative on the size of your bets.
Observation is the path to discovery.
  • #2,694
  • Mar 2, 2012 3:17am Mar 2, 2012 3:17am
Quoting Alorente
As you can see, a long this morning would have given you a quick case of heartburn. I will be discussing these "many" other tricks of the trade that I use to make my trading decisions in future days and weeks.
I am a young guy with little experience.. Really hope to learn on these "trickssss" and overcome it some day.. Your posting & answer in this thread taught me a lot... U are a "GURU" to me. =)

Okay, let focus on the system first.. I will keep my eyes on every post in these thread...

Thanks a lot,
Calvin
  • #2,695
  • Mar 2, 2012 3:19am Mar 2, 2012 3:19am
When you see prices go flat during the week of NFP on Friday watch out. The market is unsure where it is going and can explode if there is a surprise.
  • #2,696
  • Mar 2, 2012 3:20am Mar 2, 2012 3:20am
[quote=Alorente;5437155]...As I have said several times, it is much more important to not lose money in this profession than to make money. Losing money dents your confidence, and that cannot be allowed to happen if you want to be a successful trader.[/quote]

Too late for that!

Not exactly right, though, is it? Almost all great traders (including you?) tend to blow out their accounts learning the ropes, don't they?!

Perhaps, you'll never become a successful trader unless you perservere after you blow out your account, and regain your confidence!

Anyway, you've done much to restore my confidence by showing me how it can be done correctly!
The mind thinks, the heart knows...
  • #2,697
  • Mar 2, 2012 3:20am Mar 2, 2012 3:20am
hi my buddy

excuse me . i know your 4 rules. but i dont trade becuase i dont know what my triger?

you enter on your experience. please help us to khonw final rules and help me to write trade plan for good trades.

good luck

youe sincerly
  • #2,698
  • Mar 2, 2012 3:21am Mar 2, 2012 3:21am
I think I have answered all the thread posts address to me but I can´t be sure because I read the pages pretty quickly. If I have skipped anyone, please, repost your thoughts and I´ll be happy to answer.

I will not be trading much today. I have to leave in a couple of hours to participate in my regular Friday afternoon golf tournament. I will be back at 20:00 CET and will continue monitoring the thread at that time. Until I leave, send me your questions and I will reply.
Observation is the path to discovery.
  • #2,699
  • Mar 2, 2012 3:22am Mar 2, 2012 3:22am
Quoting nanningbob
When you see prices go flat during the week of MFP on Friday watch out. The market is unsure where it is going and can explode if there is a surprise.
Words of wisdom from a master...

You would do yourself a great service if you follow them.
Observation is the path to discovery.
  • #2,700
  • Mar 2, 2012 3:24am Mar 2, 2012 3:24am
Quoting Favorite
liviur, you do realize that spike repaints, don't you? I don't think that the heavily repainting indicator like spike can be used for this kind of analysis.

And there is another thing: maybe it is possible to follow different timeframes' spikes like this if you follow only EURUSD, but we're gonna follow a lot of currencies, and you can't do it with even 5-6 currencies.

And, of course, it is Al's system, he's trying to make it as good as possible and as simple as possible, and if Al thinks that we don't need spike - then we really don't need...


my bad!!!
realized this morning. even a so called non repaintable spike (beeing 10 candles away) repainted. thanks man.
7 traders viewing now