Extreme TMA System | Page 148 | 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

  • #2,941
  • Mar 2, 2012 4:04pm Mar 2, 2012 4:04pm
Quoting tomthepoppop
Hey everyone I would like to apologize to everyone for taking up your time venting my frustrations over a problem that was caused by my using way too many charts for the capabilities of the equipment. I appreciate Carl taking his time via PM to give me good advice on what is actually needed. If it helps, I am using a 4 year old computer and was trying to have 17 charts up at one time. Bad idea. I am going, initially to back off to one chart running TMA until I get a much needed new, more powerful computer. Thanks Carl and I really do appreciate...
Thank you, Tom. This is the tone we must maintain in this thread if we want to accomplish great things.
Observation is the path to discovery.
  • #2,942
  • Mar 2, 2012 4:07pm Mar 2, 2012 4:07pm
Quoting shahrooz67
USDCHF has never signaled short Today . It was others mistakes.
So As Favorite said no body has errors with other pairs
Thank you again Shah. I guess IŽll have to give up golf to keep an eye on things a little better...I feel bad that people lost money today on a trade that should never have been taken. I am also glad that our Slope indicator is still working wonders, Thank you, Slopey...
Observation is the path to discovery.
  • #2,943
  • Mar 2, 2012 4:12pm Mar 2, 2012 4:12pm
Quoting Alorente
Thank you again Shah. I guess IŽll have to give up golf to keep an eye on things a little better...I feel bad that people lost money today on a trade that should never have been taken. I am also glad that our Slope indicator is still working wonders, Thank you, Slopey...
The USDCHF gave a valid Short signal, I just posted a screenshot.
http://www.forexfactory.com/showthre...67#post5439467

But I am not losing money on this, no worries, except the USDCHF will shoot up 2000 Pips.
I will make a breakeven on this trade through Recovery.
  • #2,944
  • Mar 2, 2012 4:12pm Mar 2, 2012 4:12pm
Quoting zznbrm
Because your values do not match my values in the non-repainting version and when I run my simulator I see the following at 0700 and 0900 EST today:

Are you using TMA or TMA true ?!
  • #2,945
  • Mar 2, 2012 4:14pm Mar 2, 2012 4:14pm
Quoting zznbrm
That's the question traders have been asking since the beginning of the markets. There are literally 1000's of ways of differentiating between ranging/trending:

Higher Highs and Lower Lows
MAs (or any other of an infinite number of indicators)
Trend Lines
Multiple timeframe analysis
etc

Ask 100 people and you will get 100 different responses. The problem is that none of those ways is correct 100% of the time. Some are obviously better than others. Sometimes a combination of methods is good.

Sometimes, the method shows you are ranging....and...
Thanks for sharing your knowledge about this ever important theme. Yes. I have no problem in determining trend for myself using a combination of things and my own experience. As with you, this is a non issue for me personally. I am just trying to find as simple a filter as possible to keep people out of trouble trades. For now weŽll stick with Slopey.
Observation is the path to discovery.
  • #2,946
  • Mar 2, 2012 4:21pm Mar 2, 2012 4:21pm
Quoting Alorente
Sabry,

I understand you very well. You can take the signals from the other indicators if you prefer, but please add the new rule number 4. The support and resistance rule is very important to give you more consistency and to make you more profit per trade. Please, believe me. Rule 4 is very important. All right, sweetheart?
yes all right... Good nigth Al
  • #2,947
  • Mar 2, 2012 4:25pm Mar 2, 2012 4:25pm
Quoting fxtr51
The USDCHF gave a valid Short signal, I just posted a screenshot.
http://www.forexfactory.com/showthre...67#post5439467

But I am not losing money on this, no worries, except the USDCHF will shoot up 2000 Pips.
I will make a breakeven on this trade through Recovery.

what was the time you have exactly entered ?
  • #2,948
  • Mar 2, 2012 4:25pm Mar 2, 2012 4:25pm
Quoting fxtr51
Since the USDCHF Short today has been called to be against the rules,
I just ran the day through strategy tester and you can see it on the screenshot that the Short was valid , I took it before Frankfurt Open.
(My entry was 0.90684 )

The bands were about 27 Pips apart,
Resistance on H4 at 0.90722 had been tested and price bounced down inside the TMA channel.

TMA Slope was 0.11 = ranging

Such trades according to the rules cannot be avoided , no system is 100%
and I just wait until I can place the Recovery trade, so what is the problem ?

Now,...
I cannot see in your chart the exact point where you entered your order. Can you please point it out? I would kike to analyze what happened and discuss it on the thread.

Yes you are correct that I had a short go against me on this pair with the other rules. I distinctly remember as I was placing the trade , hearing a voice in side my head saying; "You should not be doing this..." But I did and thanks to Recovery, I was able to exit unscathed.

Thanks.
Observation is the path to discovery.
  • #2,949
  • Mar 2, 2012 4:27pm Mar 2, 2012 4:27pm
Quoting zznbrm
For the non-repainting TMA Slope, you use the same calculations as in the TMA indicator, but you need to make sure you don't recalculate the values for the bars that are closed.

Yeah I did this point . I will send it to you till tomorrow and you check it yourself . I Used TMA_TRUE_MOD_FINAL calculation copyrighted to you
  • #2,950
  • Mar 2, 2012 4:28pm Mar 2, 2012 4:28pm
Quoting Alorente
I have used the True TMA Indi (Non repainting) for my trading and it is much less effective than the one we use. What is important in trading is the current bar value, which in TMA is precisely correct and the usefulness of the indicator, which in case of our TMA it is obviously useful since it gives us the outer bars that are critical for the system. TMA is the heart of the system and it will not be changed to True TMA just to satisfy the backtesting needs of some.
Hi Al .

I understand that TMA gives the right input to act in the current moment you have to act.

Anyway I wouldn't misregard the value of what s happened in the past. So I would like to have both of them (TMA and TMATRUE) for both purposes (the 1st to act the 2nd to study.

But it wasn't my intention to go against you.

If I did I'm sorry and excuse me.

As almost all in here I learnt as much from you in this couple of weeks (almost as in last five years) and hence I can't be but grateful to you.

With friendship.

Franco
  • #2,951
  • Mar 2, 2012 4:35pm Mar 2, 2012 4:35pm
Quoting Alorente
I cannot see in your chart the exact point where you entered your order. Can you please point it out? I would kike to analyze what happened and discuss it on the thread.

Yes you are correct that I had a short go against me on this pair with the other rules. I distinctly remember as I was placing the trade , hearing a voice in side my head saying; "You should not be doing this..." But I did and thanks to Recovery, I was able to exit unscathed.

Thanks.
Al, I had such a nice screenshot-program (Snagit) where I could draw lines and text and everything, but after a Virus, followed by reformatting the harddrive, I lost the key to that program. Sorry, I would draw it into the chart if I could.

When did I enter the trade ?
In the log I have 7:15 am , but I am not sure if that is broker-server-time
(Pepperstone GMT+2) or local time where I live (GMT+1).
Have to test that next week when market is open again.

I remember that I entered somewhere at the first red HA candle.
I thought: Oh well, it has enough room to go at least to the D1 Resistance line which you can see as a dotted red line on the chart, but of course I was wrong.

I have the indicator attached which is drawing these H4, Daily, Weekly and Monthly S/R levels. I use it on all charts besides THV4 because the levels are respected by price almost all the times.
Attached File(s)
File Type: ex4 ! support-resistance-4-hour.ex4   19 KB | 622 downloads
  • #2,952
  • Mar 2, 2012 4:47pm Mar 2, 2012 4:47pm
Al


Simulation
This was exactly where he could have entered .where is your Support/resistance test man ?!

AL do you think he has entered correctly?!
Attached Image (click to enlarge)
Click to Enlarge Name: text book example66.gif Size: 20 KB
  • #2,953
  • Mar 2, 2012 4:50pm Mar 2, 2012 4:50pm
Quoting shahrooz67
Al


Simulation
This was exactly where he could have entered .where is your Support/resistance test man ?!

AL do you think he has entered correctly?!
You donŽt have the indicator I have where the H4 level was tested.
I have it attached in my last posting.

And R2 was 3 Pips above. The 2 blue HA candles did not break it.
I think "testing" a level does not imply that price must touch it.
Levels are not to the Pip all the time , it can be a zone of 1 to 5 Pips too.

Obviously the R1 should have kept me from entering, right ?

And I now am quite sure it was at the next red HA candle because that is the 7:15 candle where I entered.
  • #2,954
  • Mar 2, 2012 4:54pm Mar 2, 2012 4:54pm
Quoting fxtr51
You donŽt have the indicator I have where the H4 level was tested.
I have it attached in my last posting.

Obviously the R1 should have kept me from entering, right ?

And I now am quite sure it was at the next red HA candle because that is the 7:15 candle where I entered.

Just let AL answer your question
But in my oponion in this picture that is totally obvious R1 is going to be a good support


Have a good night all
  • #2,955
  • Mar 2, 2012 4:56pm Mar 2, 2012 4:56pm
Quoting shahrooz67
Just let AL answer your question
But in my oponion in this picture that is totally obvious R1 is going to be a good support
Oh yes, of course. Hindsight is 20/20 .
R1 could have been broken and price could have dropped 100 Pips , who knows it ?
  • #2,956
  • Mar 2, 2012 4:59pm Mar 2, 2012 4:59pm
Quoting Alorente
r1: 81.261

r2: 81.374

r3: 81.559
Hola Alfredo,

Thanks for the posting. This helped substantially. I adjusted my "HrsServerTzFromGMT" setting in alignment with your pivots almost down to the pip. Believe it or not, something this small builds confidence.

William
may you find what you seek and trade what you find
  • #2,957
  • Mar 2, 2012 5:04pm Mar 2, 2012 5:04pm
Quoting fxtr51
Oh yes, of course. Hindsight is 20/20 .
R1 could have been broken and price could have dropped 100 Pips , who knows it ?

This has two answers !


1-MTF analysis (I take this ) Look higher time frames for USDCHF !
2-Experience (both me and you we are run out of it )

Just let Al answer your question
  • #2,958
  • Mar 2, 2012 5:08pm Mar 2, 2012 5:08pm
Quoting corvogrigio
Hi Al .

I understand that TMA gives the right input to act in the current moment you have to act.

Anyway I wouldn't misregard the value of what s happened in the past. So I would like to have both of them (TMA and TMATRUE) for both purposes (the 1st to act the 2nd to study.

But it wasn't my intention to go against you.

If I did I'm sorry and excuse me.

As almost all in here I learnt as much from you in this couple of weeks (almost as in last five years) and hence I can't be but grateful to you.

With friendship.

Franco...
DonŽt worry Franco. I do not feel you went against me or anybody. I was just telling you my experience with TMATrue. Sometimes written words give the wrong meaning...
Observation is the path to discovery.
  • #2,959
  • Mar 2, 2012 5:13pm Mar 2, 2012 5:13pm
Quoting shahrooz67
This was exactly where he could have entered .where is your Support/resistance test man ?!
He also said "The bands were about 27 Pips apart"

Al said several times that we shouldn't enter if the distance between the price and the lower/upper band is less than 30 pips.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,960
  • Mar 2, 2012 5:14pm Mar 2, 2012 5:14pm
Quoting faxxion
Hello Alfredo,

How was your round of golf?

Thanks for this post. I was able to adjust my "HrsServerTzFromGMT" setting so that my pivots align with yours almost down to the pip. Believe it or not, something this small has a big impact on your confidence.

Sincerely,

William
Hi William,

It was not one of my better days out in the links.

IŽm glad you got it worked out.

I would like to know your thought process when you shorted UsdChf to see how we can change that in the future. If you have a chart, that would be even better. I like discussing trades that went wrong, to try to avoid the same situation happening again in the future. If a mistake is simply forgotten, it remains a mistake. If it is remembered, it becomes a lesson.

Good night, bud.
Observation is the path to discovery.
9 traders viewing now