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Extreme TMA System

  • #2,821
  • Mar 2, 2012 11:36am Mar 2, 2012 11:36am
Quoting Rojan2
Hi,

I have also been watching and trading USD/CHF on the long side though. Since the mid line seems to be acting as support. Still looking strong maybe needs to backtest hod for a d/t.

Best Wishes
Rojan
Yes. IŽve had the same problem.
Observation is the path to discovery.
  • #2,822
  • Mar 2, 2012 11:38am Mar 2, 2012 11:38am
Quoting MagicMike
Selecting the best ones is the subjective part I believe. How do you select the best ones?
I answered in this post:
http://www.forexfactory.com/showthre...35#post5438835

Quoting MagicMike
All I am saying is, with someone like me who has very little knowledge about the foxex market, I am going to follow the rules on page one to the letter, looking at this system objectively only. I have no gut feeling that filters the signals any system gives me. I hope someday I have the gut to filter out bad trades, but until then I will need to follow a system where no gut is required.
MagicMike, it is good, that you follow the rules from the first post. But please remember: Al keeps giving us great tips (evaluating the distance from the price to the band, price stuck at the middle etc., etc., etc.) These tips mean a lot, and I mean A LOT, and you have to use all of them, that's why Al wanted to create a special "Tips Section" and I hope some day we'll get a PDF book.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,823
  • Mar 2, 2012 11:40am Mar 2, 2012 11:40am
Quoting Harry123
I see it a bit differently. People want to contribute and feel a part of this project. I want as much participation as possible. No lurkers, please.
Observation is the path to discovery.
  • #2,824
  • Mar 2, 2012 11:41am Mar 2, 2012 11:41am
Quoting Bruma
Third trade of the day. I missed it earlier.

Dir.: LONG
Pair: GBPJPY
Price: 1.2921
S/R: above FPV - retest
Slope: ranging mode going up

Good for middle-band, but I'll move to BE as soon as it goes above lower-band.

Closed GPJPY: +18 pips.

Did not wait for Middle-Band, since TMA changed slope from up to down.

Done for the day, 3 out of 3.

Thanks Al for making Day-Trading possible for me.
  • #2,825
  • Mar 2, 2012 11:45am Mar 2, 2012 11:45am
Quoting nanningbob
Except NFP is not this Friday but next week. At least I dont see it on the calendar for today. MY BAD. It usually is always the first Friday of a month.
Not when Friday is the second day of the month like on this week. They need at least three days to prepare the numbers. When this happens they always move it to the following week.
Observation is the path to discovery.
  • #2,826
  • Mar 2, 2012 11:47am Mar 2, 2012 11:47am
I hope your enjoy your day on the golf course, well deserved for sure.

I have been following this thread from the very first day.

I am so thankful to have stumbled upon it.

I have learned so much in such a short period of time.

I have have me best week ever in 6 years of trading. Still no losing trades.

The most important nugget of wisedom I have gleened from this thread is

"Patience is the key...and to just believe what I see on my charts. Price Action is the most important thing and the indicators just help you (me) make sense of it."

Nobody said that exactly but it is definitely the common theme at least for me.

Thank you so much for all you do.

Have a great weekend

Robert
  • #2,827
  • Mar 2, 2012 11:50am Mar 2, 2012 11:50am
Quoting crodzilla
Price is below TMA bands so it is in the Buy Zone, but TMA is sloping down so that would not qualify the BUY signal to be green.

That right?

Carl
Yes but Buy should be Red because it is under-0.50. There is something wrong in the dash. Values under -0.5 should show Red, not gray, and over0.50 should show green.
Observation is the path to discovery.
  • #2,828
  • Mar 2, 2012 11:52am Mar 2, 2012 11:52am
Seems there's always room for another 1m trade for 10 pips when trending....even if I entered a pip or two late.

Just reentered again at the top of the 1m TMA...

Thanks Al again....and again...your an amazing trader!

Happy Trading, Steve
Attached Image (click to enlarge)
Click to Enlarge Name: eu 1m.gif Size: 17 KB
  • #2,829
  • Mar 2, 2012 11:53am Mar 2, 2012 11:53am
Quoting Alorente
I think we are both talking of the MPTM system. Your description sounds like it is MPTM.
Well,to be honest i havent tried MPTM,but i m sure that this EA isnt called MPTM . Does it open a new position as soon as it closes the old one as well?If so,how do u handle it?
  • #2,830
  • Mar 2, 2012 11:54am Mar 2, 2012 11:54am
Quoting faxxion
Hola Alfredo,

As you may notice by my USDCHF call, my Achilles' heel is patience.

Are the Buy/Sell ea's still viable with the new rules and current indicators?

Thanks in advance.

William
Yes they are. I donŽt use them though. IŽd rather buy further away from the bands and right on the S/R level after price tests it 2 or 3 times.

Yes, patience is essential. Sometimes a couple of minutes more of patience can make all the difference. DonŽt feel bad. That used to be my worse habit. Early entries.
Observation is the path to discovery.
  • #2,831
  • Mar 2, 2012 11:56am Mar 2, 2012 11:56am
Quoting LuisPrinc
The fact is that TMA SLOPE REPAINT BADLY !!!
I entered short on USD CHF and was ranging... right now the price is the same at R4 and it writes ONLY BUY and it is above 0.5 all candles were repainted.

WARNING: If think we should change this.

What do you think ?
S/R levels do not repaint. If you buy beyond the TMA bands and testing the S/R levels, you will be ok.
Observation is the path to discovery.
  • #2,832
  • Mar 2, 2012 11:58am Mar 2, 2012 11:58am
Quoting Favorite
I answered in this post:
http://www.forexfactory.com/showthre...35#post5438835



MagicMike, it is good, that you follow the rules from the first post. But please remember: Al keeps giving us great tips (evaluating the distance from the price to the band, price stuck at the middle etc., etc., etc.) These tips mean a lot, and I mean A LOT, and you have to use all of them, that's why Al wanted to create a special "Tips Section" and I hope some day we'll get a PDF book.
Thank you so much for your help. Going with the H1 trend makes a lot of since. I am going to try that going forward from here.

Also, the idea of creating a PDF with all of the special tips Al gives is exciting. I know Al really knows his stuff and having a book of Al's ideas and thoughts would be extremely beneficial to us all.
  • #2,833
  • Mar 2, 2012 12:00pm Mar 2, 2012 12:00pm
Quoting sidefx
Yes, this is correct as i understand the rules, but i get the feeling we will never see the TMA slope in the 'right' direction for a green or red setup because of the repaint issue? TMA appears to follow the direction of price at the right edge of the chart and there will never be divergence, but according to the rules there should be divergence to qualify a setup as valid...is that how you also understand the rules?
It is true that most of the trades that we have placed in the past 3 days have been with a ranging market. We cannot backward test this because of the repainting issue. We will forward test it and see how the new parameters behave during strong trends on the TMA. If we have to adjust the numbers a bit, we will. We cannot decide this until we encounter strong trending TMAŽs.
Observation is the path to discovery.
  • #2,834
  • Mar 2, 2012 12:06pm Mar 2, 2012 12:06pm
Quoting SnailRoll
Here is the screen shot, first one was more by the book.
Yo SR it seems my USDJPY pivots are off, or perhaps yours are?

I've got:

R3 81.564
R2 81.378
R1 81.265

Could you please confirm?

Thanks champ
Jem
  • #2,835
  • Mar 2, 2012 12:08pm Mar 2, 2012 12:08pm
Quoting Alorente
It is true that most of the trades that we have placed in the past 3 days have been with a ranging market. We cannot backward test this because of the repainting issue. We will forward test it and see how the new parameters behave during strong trends on the TMA. If we have to adjust the numbers a bit, we will. We cannot decide this until we encounter strong trending TMAŽs.
My bet is that in the trending market we will be watching prices in the TMA bouncing frequently off the centerlines like the USDCHF did today, so we will be playing those, and that we will maybe have to move to the 5M to get more trades outside the outer bands.
  • #2,836
  • Mar 2, 2012 12:08pm Mar 2, 2012 12:08pm
Quoting Rojan2
Hi all.
I don't use TMA system fully, but I do use TMA and TMA Slope in conjunction with pattern - setup trading. Today since midnight UK time, USDCHF has been on a well established uptrend. TMA and TMA Slope could have guided us well on long entries. I am attaching a chart to indicate some entry levels, notice when the trend is established, TMA mid -line also serves well for entry/exits, acting as support/Res.

As for me, I took a few longs all with profit, as I earlier said when exchanging opinions with William.

Best Luck for everyone
Rojan...
Yes. I observed this in my trading since last year. On strong trends, PA many times will only retrace to the TMA centerline. It would be nice to have the possibility to enter at center line in those cases. The rules are conservative now and they preclude us from doing it. At the same time, I want to be careful about changing something that is working so well. Yes, we will miss some nice trades in a strong trend, but TMA is not a trend following system. It is more a scalping system that tries to take advantage of extreme moves from band to band. Can we also write different rules for a strong trending market so we can ride the wave? Maybe. IŽll have to think about this. That would certainly make it the absolute best of both worlds.
Observation is the path to discovery.
  • #2,837
  • Mar 2, 2012 12:11pm Mar 2, 2012 12:11pm
Quoting SnailRoll
You also have to look at the value of the tamslope since the difference between ranging and trending is only 0.01. If you enter when it's ranging at 0.49 there is a high possibility that it could change. Don't just follow it blindly, have to first understand the tool before you can use it effectively.
Very good point. The closer you get to the extremes of the Range zone, the riskier the counter trend trade will be.
Observation is the path to discovery.
  • #2,838
  • Mar 2, 2012 12:12pm Mar 2, 2012 12:12pm
Quoting Jemook
Yo SR it seems my USDJPY pivots are off, or perhaps yours are?

I've got:

R3 81.564
R2 81.378
R1 81.265

Could you please confirm?

Thanks champ
Jem
Almost the same here.....just slight differences because of different brokers and hence slight differences in prices . so i guess at least
  • #2,839
  • Mar 2, 2012 12:13pm Mar 2, 2012 12:13pm
Al, Just PMed you, trying to send you the file for approval, please check.
Wishing my last name were LESS
  • #2,840
  • Mar 2, 2012 12:13pm Mar 2, 2012 12:13pm
Quoting crodzilla
Yes, I need to add if the slope is rising and greater than -.5, then you would have a valid buy signal.

So, I have to add more code for the change in slope.

Carl
I figured that could be the problem but I wasnŽt sure so I let it play out.
Observation is the path to discovery.
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