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Extreme TMA System

  • #3,021
  • Mar 3, 2012 7:03am Mar 3, 2012 7:03am
Quoting Alorente
Hello Sabry,

What are you doing working on a Saturday? You must like trading as much as I do...
Yessss.....
you have a PM
  • #3,022
  • Edited 7:54am Mar 3, 2012 7:14am | Edited 7:54am
Quoting chienung
Can you share with me???Thanks
These are not my systems, I didn't create them, I found them on the ForexFactory and trade them successfully:

For H1:
Trading Made Simple
http://www.forexfactory.com/showthread.php?t=291622

For M5:
Spud's Predictive MTF Stochastics
http://www.forexfactory.com/showthread.php?t=119483

For M1:
VQ Trading System
http://www.forexfactory.com/showthread.php?t=310545


P.S. Sorry for the off-top!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,023
  • Mar 3, 2012 8:14am Mar 3, 2012 8:14am
Quoting Favorite
These are not my systems, I didn't create them, I found them on the ForexFactory and trade them successfully:

For H1:
Trading Made Simple
http://www.forexfactory.com/showthread.php?t=291622

For M5:
Spud's Predictive MTF Stochastics
http://www.forexfactory.com/showthread.php?t=119483

For M1:
VQ Trading System
http://www.forexfactory.com/showthread.php?t=310545


P.S. Sorry for the off-top!
Thanks a lot, Favorite!
Спасибо, дружище!
Greed and fear kills traders
  • #3,024
  • Mar 3, 2012 8:23am Mar 3, 2012 8:23am
i think i put everything in right folders however the EA appears grey in MT4. Anyone know why?
  • #3,025
  • Mar 3, 2012 8:39am Mar 3, 2012 8:39am
Attached Image (click to enlarge)
Click to Enlarge Name: sig trader.jpg Size: 160 KB
Hi Al,

I've put crodzillas dashboard with your 15 min template on the Sigtrader mt4 platform and and put all eight currency indices (indexes) (usd,eur,gbp,chf,jpy,cad,aud nzd) on the dashboard. It gives a great heads up to which currency is strong or weak

Cheers

Eamonn.
  • #3,026
  • Mar 3, 2012 8:39am Mar 3, 2012 8:39am
Quoting sabrys5769
Good morning Al,
Maybe a sllly question (remenber i'm a noob....) about rule 4 in h4 tf: daily pivots in this timeframe are always very close each other, so there is no much room beetween price and this line, you think i should use weekly or montly pivots? if so have you a good indicator for this?

Thank you very much!!!!!!!
Sabrina
No, Sabry. Pivot values only have real meaning in intraday trading in smaller TFs. They are not effective for 4H or daily trading. I can give you the support and resistance levels for 4H. Just send me your chart or tell me the pair you are trading, and I will send it back to you with the S/R lines. I can also teach you to find them by yourself some day when you come to Madrid...

Kiss,

Alfredo
Observation is the path to discovery.
  • #3,027
  • Mar 3, 2012 8:52am Mar 3, 2012 8:52am
Quoting EaglePip
Al,
Attached is the EURUSD. With PA sitting on S3 , the Freeway adds clarity, may prove to be a useful leading indicator.
Of course it contradicts your view on the EUR.
Will wait and see...
EP
EaglePip, I am not sure that Freeway has any predictive value. I will reserve my opinion till next week because I cannot see it in real time during the weekend. It may very well be that, as I would expect, the first Time Frames that show a change in trend are the short term TFs, and the others will lag. In other words, the 15M is leading the change in trend and what you are seeing in the longer time frames are the lagging wagons of the train, that will end up following the 15M. If you set the first bar to 5 minutes, you will see what I mean. It is already showing a lower TMA than the M15. If you think about it, it is absurd to think that an hourly trend can control in any way a 5 minute trend, when 5 minutes happen 55 minutes before an hour occurs. The human mind tends to believe what it wants to believe, even if you have before your eyes clear proof to the contrary.
Observation is the path to discovery.
  • #3,028
  • Mar 3, 2012 8:56am Mar 3, 2012 8:56am
Quoting McGriff
Good morning Al and everyone. First, let me say thank you for your efforts here. I am a new member to FF and recently found this thread. I have been trading forex for about a year now with no success, but am inspired with fresh hope by this thread. I plan to read the entire thread over the weekend and hopefully be up to speed by Monday. Thanks again Al, for new hope.
Dear friend. Welcome to our family. I am happy that you stumbled upon us. I want you to believe that your hope will turn to reality. I truly believe it will...
Observation is the path to discovery.
  • #3,029
  • Mar 3, 2012 9:00am Mar 3, 2012 9:00am
Quoting minut3s
Hi Al,

I've posted up some good and bad examples of support and resistance.
Please help to check if I have identified them correctly?
Thanks a lot and hope it could help benefit those who needs it.
Not quite. Price can overlap resistance and support by a pretty large amount and still be valid. I would say you should change the word bad for: "Not great, but still valid".
Observation is the path to discovery.
  • #3,030
  • Mar 3, 2012 9:11am Mar 3, 2012 9:11am
Quoting istvan
Update on my development using Constant Range Bars 11. I modified the second TMA to ATRM 3.5 for even better trade exit or entry when PA is close to, crossed or touched that outer band.
When I come up to my terminal in the morning (CET) and before I enter a trade I first look for things such as H1 trend, pipsize of the Asian channel in relation to the specific currency ADR, then I look what happens during the MM sessions changeover periods to watch for SH's, reversals, RR, pins, double top/bottom etc. This way I find the best trades for me to enter,...
This is exciting, istvan. Even though constant range bars are not my favorite for this system, if they work for you, great... LetŽs see how you do this upcoming week, which I will advance to you, I expect will be full of fireworks.
Observation is the path to discovery.
  • #3,031
  • Mar 3, 2012 9:16am Mar 3, 2012 9:16am
Quoting Eamonn
Attachment Hi Al,

I've put crodzillas dashboard with your 15 min template on the Sigtrader mt4 platform and and put all eight currency indices (indexes) (usd,eur,gbp,chf,jpy,cad,aud nzd) on the dashboard. It gives a great heads up to which currency is strong or weak

Cheers

Eamonn.
Carl is getting there. He will be working next on support and resistance detection (4th rule). By the time he is finished with this, trading this system weŽll be so easy that you wonŽt need me anymore...
Observation is the path to discovery.
  • #3,032
  • Mar 3, 2012 9:16am Mar 3, 2012 9:16am
Quoting Connected
thanks for sharing your screenshot, please can you tell me what the turquoise boxes represent?
The first box is starting pip range Hi/Lo when the MM in Asian are in charge (EST 18:00 - 03:00), second box is first 2 hours of MM London take over from MM in NY (EST 02:00 - 04:00) and the third box is first hour when MM NY take over London MM (EST 09:00 - 10:00). During the second and third box times most often reversals are imminent.
  • #3,033
  • Mar 3, 2012 9:22am Mar 3, 2012 9:22am
Car (crodzilla), We are all grateful for your time and effort.

I would like to suggest 3 improvements for !ExtremeTMA_v11. Please consider these ideas. I hope Al find them useful too, and approve them for !ExtremeTMA_v11.

1) Creating a true/false parameter for each TF.
Could be 'true' for all TF like now. This would allow you to only follow the TF you trade.

2) Adding all 18 Pairs included in Al's 2-screen profile, and
creating a true/false parameter for each pair. This way you only follow the pairs you trade.

3) Showing TMA Band Range in pips.
Calculate the distance between the upper and lower band of the TMA indicator and show them right below the BUY/SELL signal on the dashboard. This is very useful for lower TF, such as M1, M15. It gives us the 'potential' of the signal right away, and it also gives us a very good idea about the current volatility (with a true/false parameter as well).
  • #3,034
  • Mar 3, 2012 9:24am Mar 3, 2012 9:24am
Quoting FoxTraderGBP
Thanks a lot, Favorite!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,035
  • Mar 3, 2012 9:28am Mar 3, 2012 9:28am
Quoting Bruma
Car (crodzilla), We are all grateful for your time and effort.

I would like to suggest 3 improvements for !ExtremeTMA_v11. Please consider these ideas. I hope Al find them useful too, and approve them for !ExtremeTMA_v11.

1) Creating a true/false parameter for each TF.
Could be 'true' for all TF like now. This would allow you to only follow the TF you trade.

2) Adding all 18 Pairs included in Al's 2-screen profile, and
creating a true/false parameter for each pair. This way you only follow the pairs you trade.

3) Showing TMA Band Range in...
These are very good suggestions, Bruma. Carl will tell us if they are workable at the coding level. You have a creative mind. Excellent.
Observation is the path to discovery.
  • #3,036
  • Mar 3, 2012 9:28am Mar 3, 2012 9:28am
Quoting Alorente
EaglePip, I am not sure that Freeway has any predictive value. I will reserve my opinion till next week because I cannot see it in real time during the weekend. It may very well be that, as I would expect, the first Time Frames that show a change in trend are the short term TFs, and the others will lag. In other words, the 15M is leading the change in trend and what you are seeing in the longer time frames are the lagging wagons of the train, that will end up following the 15M. If you set the first bar to 5 minutes, you will see what I mean. It...
I'm not too sure about freeway predicting the future or showing trends. But!

Let's say we assume that price likes to range inside of the outer TMA bands and reverse off them when it hits them. We've seen it do this on all TF's. With Freeway, the high/low of each vertical white bar on the line shows us the range of the upper TF TMA bands.

So say we are trading 1 min or 5min we can look at the 15 min, 1 hr & 4 hr TMA outer band lines from freeway and note where the bottom and tops of each higher TF TMA band is and perhaps look to trade off the bounce of a higher TF TMA band by looking under the lower TF microscope at how price reacts when it touches the higher TF TMA bands.

These are my thoughts about TMA freeway and it looks pretty cool for that. I'm going to have a look at it more this week.

Peace all.
  • #3,037
  • Mar 3, 2012 9:47am Mar 3, 2012 9:47am
Quoting Jemook
I'm not too sure about freeway predicting the future or showing trends. But!

Let's say we assume that price likes to range inside of the outer TMA bands and reverse off them when it hits them. We've seen it do this on all TF's. With Freeway, the high/low of each vertical white bar on the line shows us the range of the upper TF TMA bands.

So say we are trading 1 min or 5min we can look at the 15 min, 1 hr & 4 hr TMA outer band lines from freeway and note where the bottom and tops of each higher TF TMA band is and perhaps look to trade off the...
Yes. I am working on that right now. What you can do is insert horizontal lines on the extremes of the white bands of each TF and label them, for Example H4 High Band, etc. That will give you a great overall picture of when pricing is reaching each band, without having to change periodicity. That right there makes Freeway worth while to have in your chart.
Observation is the path to discovery.
  • #3,038
  • Mar 3, 2012 10:08am Mar 3, 2012 10:08am
Dear Mr.Alfredo :

I found team talking about ExtremeTMA_v11, does our version going on the
version 11 this weekend ??

I hope I can catch up my step to yours , because I am working night shift job this weekend at Taiwan, ASIA ~

Cheers

SCOTT
  • #3,039
  • Mar 3, 2012 10:25am Mar 3, 2012 10:25am
Dear Favorite :

I saw at page 199, your post, mention, when we trade , no need to

see the spike signal anymore at Rule of TMA System ??

please comment , thank you ~~


SCOTT
  • #3,040
  • Mar 3, 2012 10:26am Mar 3, 2012 10:26am
Quoting scott-ibm
Dear Mr.Alfredo :

I found team talking about ExtremeTMA_v11, does our version going on the
version 11 this weekend ??

I hope I can catch up my step to yours , because I am working night shift job this weekend at Taiwan, ASIA ~

Cheers

SCOTT
No. Only version 10. We will not release any more versions until it is finished and tested.
Observation is the path to discovery.
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