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Extreme TMA System

  • #3,281
  • Mar 4, 2012 11:49pm Mar 4, 2012 11:49pm
Quoting flaw
I just tried to download it. It worked!
yeap. downloaded it and thanks for your time. really appreciate it .
  • #3,282
  • Mar 4, 2012 11:49pm Mar 4, 2012 11:49pm
Quoting Alorente
The system works, hubby. All you need is to build your confidence in it by seeing it work repeatedly.
Yeah it does. I'm using it in my own way, and since Asian open, across 5 pairs, I'm at +354......which is quite impressive!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,283
  • Mar 4, 2012 11:50pm Mar 4, 2012 11:50pm
Quoting PistolDave
Would this remain a valid trade until the TmaSlope shows a decreasing bar?

If price continues to go against the position, what would definitely show it to be a losing trade and time to close out?

Thanks.

This is AUDJPY

Also, the price bars had spiked below the lower band at entry.

Attachment

Yes. it is still a valid trade. I would have exited at centerline after a 3 bar stall. Please, keep an eye on this. A high percentage of trades that cross to the opposite band, do it in the first three bars at center line. If your trade stalls for three full bars on center line, exit and wait for a pull back later to reenter. If it continues on the 4th or 5th bar to the opposite band, thatīs ok. You are going to miss some, but in the long run youīll make consistent pips and you wonīt get into trouble.
Observation is the path to discovery.
  • #3,284
  • Mar 4, 2012 11:50pm Mar 4, 2012 11:50pm
Quoting flaw
Hope it works. Here's the file.Attachment
Great job, flaw! Thanks!
The mind thinks, the heart knows...
  • #3,285
  • Mar 4, 2012 11:52pm Mar 4, 2012 11:52pm
Quoting Jemook
This is in regards to the rule of 'enter only if price is outside TMA bands' when it hits your support and resistance.

If this is correct for the first touch of S/R and then price moves away for a bit and while we wait for the second touch the bands get closer to the s/r can we still take the trade or is it better for the price to still be well outside of the bands on the second touch of S/R?
You can still take the trade, but as you said, the further over the band, the higher the probability of success.
Observation is the path to discovery.
  • #3,286
  • Mar 4, 2012 11:53pm Mar 4, 2012 11:53pm
I'm running gbpusd and eurusd 15 min on 2 comps and am getting diff values on the slope - eg on cabl a ranging value of -.27 and on the other a sell only value of 2.29

Help?!
  • #3,287
  • Mar 4, 2012 11:55pm Mar 4, 2012 11:55pm
Quoting Favorite
I'd like to hear Alorente's answer to this question!

But as far as I understand, the first post says: "after complying with the 4 rules mentioned above, place the order after price touches (tests) the support/resistance line at least once."

So, one trader would enter immediately, after the first touch, another would wait and enter later, when, say, he likes the Heiken Ashi, the third one goes to M1 and wait for the price cross MA100 (one of the Alorente's tips). [b]But it still be the same trade that started when the price was outside...
You got it Mike. It is left to the discretion of the trader to enter when he feels it is right to do so, after price tests S/R.
Observation is the path to discovery.
  • #3,288
  • Mar 4, 2012 11:57pm Mar 4, 2012 11:57pm
Quoting Favorite
We really need this PDF book that flaw created!
I asked flaw to try to upload it from his end. I have not been successful so far.
Observation is the path to discovery.
  • #3,289
  • Mar 4, 2012 11:57pm Mar 4, 2012 11:57pm
Quoting odellcash
I actually do remember this, but my question is that by the time the HA turns colors, the PA has usually moved back inside the band.

So I assume the trade is signaled by the rules and is still valid even though the trigger comes after the PA has moved. (within reason of course)
Correct.
Observation is the path to discovery.
  • #3,290
  • Mar 4, 2012 11:58pm Mar 4, 2012 11:58pm
Quoting flaw
Hi people, If you want the PDF "Al's Wisdom Vol. I" please PM me. I'd like to share Al's workload.( You too, Favorite, If you haven't already got it.)
flaw
Thanks flaw. I really appreciate the help.
Observation is the path to discovery.
  • #3,291
  • Mar 5, 2012 12:02am Mar 5, 2012 12:02am
Quoting Jemook
TmaSlope is -.55 which means sell only. This trade is not with the rules.
Correct Jeremy. Guys, keep an eye on Slopey. Heīs your best friend...
Observation is the path to discovery.
  • #3,292
  • Mar 5, 2012 12:03am Mar 5, 2012 12:03am
Hi Al,

That AUDJPY was a perfect LONG setup not long ago at S4 after waiting for HA candle to turn blue. It is now heading into sell territory (-.5) and the HA candles have now been red for a while. Do you hold on to these setups or close them for a little loss?

Jem
  • #3,293
  • Mar 5, 2012 12:04am Mar 5, 2012 12:04am
Hiya,

So we are now only using the tma and the tmaslope only ?
  • #3,294
  • Mar 5, 2012 12:07am Mar 5, 2012 12:07am
Quoting realjumper
Yeah it does. I'm using it in my own way, and since Asian open, across 5 pairs, I'm at +354......which is quite impressive!!
Holy smokes Real, that is close to my all time record for one day, and you still have almost the full day to go...
Observation is the path to discovery.
  • #3,295
  • Mar 5, 2012 12:11am Mar 5, 2012 12:11am
Quoting Jemook
Hi Al,

That AUDJPY was a perfect LONG setup not long ago at S4 after waiting for HA candle to turn blue. It is now heading into sell territory (-.5) and the HA candles have now been red for a while. Do you hold on to these setups or close them for a little loss?

Jem
You can get a bit of a bounce to centerline or minimum to outer band. You can exit then. Thatīs probably what I would do in this case, but there are no guarantees.
Observation is the path to discovery.
  • #3,296
  • Mar 5, 2012 12:13am Mar 5, 2012 12:13am
Quoting Alorente
Holy smokes Real, that is close to my all time record for one day, and you still have almost the full day to go...
Well, 'one sunny day does not a summer make', as they say, but it's a good start. Now I need to add consistency and then we might have something!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,297
  • Mar 5, 2012 12:21am Mar 5, 2012 12:21am
dear Alfredo :


About your big PDF file over 6 Mega,

try this share site :

www.sendthisfile.com

it can support you send large file, no fee

brs,

SCOTT
  • #3,298
  • Mar 5, 2012 12:21am Mar 5, 2012 12:21am
This thread is all talk and no charts..!! A picture with entry and exit is worth ten pages off chat.

Rebel.
  • #3,299
  • Mar 5, 2012 12:24am Mar 5, 2012 12:24am
Quoting rebelheart
This thread is all talk and no charts..!! A picture with entry and exit is worth ten pages off chat.

Rebel.
Hello Rebel,

If you are following the system, post your chart and we will discuss your concerns.

William
may you find what you seek and trade what you find
  • #3,300
  • Mar 5, 2012 12:25am Mar 5, 2012 12:25am
USDCAD is close to testing R3 and GBPUSD is barely touching it's S2, possible entrance?
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