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Extreme TMA System

  • #3,301
  • Mar 5, 2012 2:29am Mar 5, 2012 2:29am
Guys,

I have still dozens of unanswered PMīs requesting flaws pdf. Since he was able to upload it to the thread, I will stop sending it out per your requests. Please, do not think that I forgot or ignored you and, grab it from flawīs post.

Thanks.
Observation is the path to discovery.
  • #3,302
  • Mar 5, 2012 2:37am Mar 5, 2012 2:37am
Ever E. Man, Thanks.
Wishing my last name were LESS
  • #3,303
  • Mar 5, 2012 2:37am Mar 5, 2012 2:37am
SHORT @ USDCAD, semms to meet the rules, any reason why this might not be a good trade out side of our 4 rules?

My TP is a little above centre line as I don't think this could reach opposite band.
  • #3,304
  • Mar 5, 2012 2:40am Mar 5, 2012 2:40am
Not the most ideal setup with price narrowly breaking out of the band and a negative ranging trend but good enough for a quick 10 pips. Taking Alfredo's advice that any kind of win first up is important psychologically for the rest of the day.
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy1.GIF Size: 59 KB
  • #3,305
  • Mar 5, 2012 2:41am Mar 5, 2012 2:41am
Quoting SnailRoll
SHORT @ USDCAD, semms to meet the rules, any reason why this might not be a good trade out side of our 4 rules?

I don't know but I took the trade too.

It is well outside the upper line, slope at 0.19, slope started going down a few bars back so we have divergence, PA touched R3 once, others may wait for second touch our blue H/A first.

Inexperienced trader here though so I might have missed something important.
  • #3,306
  • Mar 5, 2012 2:45am Mar 5, 2012 2:45am
EurAud is looking good for a short soon, even with S1 under it. Look for a test of R2 and a change of Heiken Ashi candle to blue before you pull the trigger.
Observation is the path to discovery.
  • #3,307
  • Mar 5, 2012 2:48am Mar 5, 2012 2:48am
Quoting SnailRoll
SHORT @ USDCAD, semms to meet the rules, any reason why this might not be a good trade out side of our 4 rules?

My TP is a little above centre line as I don't think this could reach opposite band.
It meets the rules. Itīs hard to go against the dollar now, but you should be ok to center line.
Observation is the path to discovery.
  • #3,308
  • Mar 5, 2012 2:51am Mar 5, 2012 2:51am
Hi people,

Now you can directly download it from post #3274, don't have to PM me anymore.

flaw
Wishing my last name were LESS
  • #3,309
  • Mar 5, 2012 2:55am Mar 5, 2012 2:55am
Even when you donīt have a S/R level, always remember that round numbers act as support and resistance levels in all the pairs. Attached is a Grid Builder. Set the input to 1000 on pairs with 5 digits in their price (like EurUsd) and to 100 in pairs of 4 digits (like UsdJpy). This will draw a horizontal line on round number levels. Keep an eye on them and use them as S/R levels. Even for order entry and exit. Believe me, it works.
Attached File(s)
File Type: mq4 Grid Builder.mq4   3 KB | 665 downloads
Observation is the path to discovery.
  • #3,310
  • Mar 5, 2012 2:56am Mar 5, 2012 2:56am
Quoting flaw
Hi people,

Now you can directly download it from post #3274, don't have to PM me anymore.

flaw
Many thanks flaw for your great work on the PDF

Much appreciated
  • #3,311
  • Mar 5, 2012 2:57am Mar 5, 2012 2:57am
For example, EurCad is now hitting against the 1.3100 line. A great place to short, since it meets the rules. I use the line as S/R level.
Observation is the path to discovery.
  • #3,312
  • Mar 5, 2012 3:01am Mar 5, 2012 3:01am
Quoting Alorente
Even when you donīt have a S/R level, always remember that round numbers act as support and resistance levels in all the pairs. Attached is a Grid Builder. Set the input to 1000 on pairs with 5 digits in their price (like EurUsd) and to 100 in pairs of 4 digits (like UsdJpy). This will draw a horizontal line on round number levels. Keep an eye on them and use them as S/R levels. Even for order entry and exit. Believe me, it works.
Correction: Set input to 1000 for all pairs, not 100.
Observation is the path to discovery.
  • #3,313
  • Mar 5, 2012 3:05am Mar 5, 2012 3:05am
I donīt want to confuse people and it is true that you should continue to trade by the rules of the system, but be careful with trading short the Usd and long the Eur during this week. It would take me too long to explain all the reasons why. Just keep it in the back of your mind.
Observation is the path to discovery.
  • #3,314
  • Mar 5, 2012 3:07am Mar 5, 2012 3:07am
My two calls: EurAud and EurCad shorts are getting off on the right foot. They should do well.
Observation is the path to discovery.
  • #3,315
  • Mar 5, 2012 3:12am Mar 5, 2012 3:12am
Greelake,

Thanks. flaw
Wishing my last name were LESS
  • #3,316
  • Mar 5, 2012 3:15am Mar 5, 2012 3:15am
Hiya All,

Very confused with this system so far this morning and I have read all the thread over the weekend in detail.

Example,

The GBPJPY and AUDJPY, both have sells on them, so we cant long, but also cant short as under the bottom bands, but by the time the tmaslope tells us we can long surely the pa will be right back inside the bands and to close to the centre line.

Also in the USDCAD trade i just took, is nearly getting cut off again, so that will be 2 trades and 2 losses using this system this morning.

Hate to be profit of doom pardon the pun, but hard to see how this system is 80% plus profitable ?

Any thoughts ?
  • #3,317
  • Mar 5, 2012 3:20am Mar 5, 2012 3:20am
Hi Folks,

as you may see at the screenshot, I take a look how this system works in higher timeframes.

Some research over the weekend gave me a good feeling to give this a try in H4.

Attached Image (click to enlarge)
Click to Enlarge Name: eurcadh4.gif Size: 31 KB


Just take a deeper look into that.

Regards
Markus
  • #3,318
  • Mar 5, 2012 3:22am Mar 5, 2012 3:22am
Quoting andyvxr
Hiya All,

Very confused with this system so far this morning and I have read all the thread over the weekend in detail.

Example,

The GBPJPY and AUDJPY, both have sells on them, so we cant long, but also cant short as under the bottom bands, but by the time the tmaslope tells us we can long surely the pa will be right back inside the bands and to close to the centre line.

Also in the USDCAD trade i just took, is nearly getting cut off again, so that will be 2 trades and 2 losses using this system this morning.

Hate to be profit of doom...
The system works friend but there are periods when all systems will be tested to the extremes. Iīve been saying for days now, to not go long the euro and not go short the Usd. We have entered a RISK OFF period. This applies to the Jpy also, even though to a smaller extent than the Usd.

Risk Off = Usd higher
Euro lower
Jpy higher
S&P500 lower
Gold lower
Oil lower
Gbp higher but not as much as Usd.

When you get into a Risk Off period, fear takes over and trading systems are pushed to extremes.
Observation is the path to discovery.
  • #3,319
  • Mar 5, 2012 3:23am Mar 5, 2012 3:23am
Quoting Alorente
My two calls: EurAud and EurCad shorts are getting off on the right foot. They should do well.
Would you have enter these two at the round number or when HA turn red? I entered when HA turned red because I felt that it would be safer, but if entry was at round numbers we could get about 8 pips more.
  • #3,320
  • Mar 5, 2012 3:23am Mar 5, 2012 3:23am
Quoting flaw
Ever E. Man, Thanks.
You bet! Quite impressive!

My pdf file was only about a 1.5mb and 61 pages long.
Why are traders posting about a huge 6mb pdf file, etc.?

Did I miss something? (probably! )

Anyways, this will be invaluable for those just joining this thread!
The mind thinks, the heart knows...
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