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Extreme TMA System

  • #3,521
  • Mar 5, 2012 7:59pm Mar 5, 2012 7:59pm
Right now, the US Dollar is attempting to break resistance...

Source: http://www.forexticket.co.uk/en/forex-charts/c-index
Attached Image (click to enlarge)
Click to Enlarge Name: USD index.png Size: 56 KB
  • #3,522
  • Mar 5, 2012 8:00pm Mar 5, 2012 8:00pm
EURAUD 15m testing R1, going short.
  • #3,523
  • Edited 8:21pm Mar 5, 2012 8:06pm | Edited 8:21pm
Quoting PistolDave
EURAUD 15m testing R1, going short.
I don't see how this trade can go wrong ! Enjoy the ride !

[edit] attached the Euro Index... it's struggling to move up...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 3-5-2012 11-05-06 PM.jpg Size: 128 KB
Click to Enlarge Name: Euro Index.png Size: 51 KB
  • #3,524
  • Mar 5, 2012 8:18pm Mar 5, 2012 8:18pm
Thanks guys for all the work on this system. i'm playing arond with it on the 1 minute charts which is looking interesting.
I have a question the programmers out there. .
Is there any chance that the repainting on the ma cross and tma slope can be cured or is that something that is impossible to sort.
Thanks again.
  • #3,525
  • Edited 8:38pm Mar 5, 2012 8:27pm | Edited 8:38pm
Close to hit R1 and TMA upper band. TMA slope is ranging but still going up. 27 pips from band to band...

[edit] Hummm, Al told us to not short the US Dollar. So maybe it's not a good ideia to short this pair... I'll be just watching this one, then, will not trade it...

[edit 2] It's also close to hit yesterday's high. Interesting... Same thing for EUR/USD... R1 is very close to yesterday's high...
Attached Image (click to enlarge)
Click to Enlarge Name: 3-5-2012 11-25-28 PM.jpg Size: 141 KB
  • #3,526
  • Mar 5, 2012 10:17pm Mar 5, 2012 10:17pm
AUDJPY meets all the rules so far, but the price is piercing S2 quite a bit so I will wait for a blue HA before entering.
  • #3,527
  • Mar 5, 2012 10:29pm Mar 5, 2012 10:29pm
Quoting SnailRoll
AUDJPY meets all the rules so far, but the price is piercing S2 quite a bit so I will wait for a blue HA before entering.
AUDCHF is sitting on a nice support and bounced prettier so I'd wait for another touch of S2 and a HA colour change on that one instead.
  • #3,528
  • Mar 6, 2012 12:12am Mar 6, 2012 12:12am
So glad that I became "just a copyright info"

Quoting Paradox
Anyone is welcome to modify anything they want. The mladen is just the copyright info from the original code. This is all just modifications of the TMA file that has always been included in the system.
  • #3,529
  • Mar 6, 2012 12:36am Mar 6, 2012 12:36am
Quoting PistolDave
Sorry to make this so lengthy, but I want to be sure I understand the system. Anybody, please feel free to let me know if I am misunderstanding anything basic.

The system attempts to pick temporary imbalances in the order flow (extreme price deviation from the mean.) The plan is to enter at these extremes and trade back in the direction to the mean, or beyond, to the opposite band.

The TMA defines the mean, and the bands define the border of the extremes. The TmaSlope is supposed to show divergence; indicating an increasing probability...
Magnificent !! I wish I was able to be as succinct as you just were with your description.
Observation is the path to discovery.
  • #3,530
  • Mar 6, 2012 12:44am Mar 6, 2012 12:44am
Quoting Alorente
Magnificent !! I wish I was able to be as succinct as you just were with your description.
Thank you for the compliment, Al. I'll take that to mean that I understand the basics of the system.
  • #3,531
  • Mar 6, 2012 12:45am Mar 6, 2012 12:45am
Quoting PistolDave
NZDUSD 15m is testing S2 now:


Attachment


Went long just above S2


not really sure but from what i understand, this wasn't a long signal because the trend slope indicator was in negative territory and ranging, i think it has to be in positive territory (green) and that too above 0.5


... maybe someone else could clarify
  • #3,532
  • Mar 6, 2012 1:01am Mar 6, 2012 1:01am
Good morning Al,
i'm watching audusd.. price is outside the band and has touched Ws1, tma slope is 0.03 and rising... e possible setup long?

Ciao
Sabrina
  • #3,533
  • Edited 1:17am Mar 6, 2012 1:03am | Edited 1:17am
Quoting fugly
not really sure but from what i understand, this wasn't a long signal because the trend slope indicator was in negative territory and ranging, i think it has to be in positive territory (green) and that too above 0.5


... maybe someone else could clarify
At the moment when the screenshot was taken, all conditions for a LONG were there.
Price outside the bands.
Slope was in ranging mode ( long or short trades possible ).

PistoDave does not use the Heikin Ashi candles. If he would have waited for the HA to turn blue
before entering Long, he would not have taken the Long trade because HA stayed red.

I donīt like the HA candles because they make it hard or impossible to see the price action of the normal candle, but I have to admit that they can be a good filter.

Unfortunately price dropped to S3 in the meanwhile and now only Sell trades are possible according to the rules.
  • #3,534
  • Mar 6, 2012 1:04am Mar 6, 2012 1:04am
Quoting fugly
not really sure but from what i understand, this wasn't a long signal because the trend slope indicator was in negative territory and ranging, i think it has to be in positive territory (green) and that too above 0.5


... maybe someone else could clarify
Rules:

1- We will first determine trend in the TMA by using the TMA Slope indicator. Ranging TMA (-0.50 to 0.50): Trades can be placed in both directions.

3- We will now look at the TMA Slope Indicator and only enter long positions if the Slope value is rising

The slope value is rising. See the green arrow indicating the change from down to up on the entry bar.
  • #3,535
  • Mar 6, 2012 1:07am Mar 6, 2012 1:07am
The Packet.zip file on Page 1, has again been updated this morning. It contains the new TMASlope v1.4 Normalized Indicator and the new TMA v1.4 Color Center Line indicator, that now matches the Slope indicator perfectly in ALL TIME FRAMES. I have renamed them v1.4 to avoid any possible confusion. The 2 Templates have also been updated.

I want to thank Paradox for his excellent and very diligent work on these indicators last night.

We will continue to make changes and improvements to the system to make it better and more solid each day. I know constant updating is a pain, but we will not settle for second best.
Observation is the path to discovery.
  • #3,536
  • Mar 6, 2012 1:11am Mar 6, 2012 1:11am
Quoting sabrys5769
Good morning Al,
i'm watching audusd.. price is outside the band and has touched Ws1, tma slope is 0.03 and rising... e possible setup long?

Ciao
Sabrina
Good morning Sabry,

I assume you are talking of H4. Itīs a good setup. I would wait for the HA candle to turn red. No need to close. I continue not to short the Usd, but the setup lines up with the system rules.
Observation is the path to discovery.
  • #3,537
  • Mar 6, 2012 1:13am Mar 6, 2012 1:13am
Quoting Jemook
Yes! I knew there was something special with the Normalized version. I've been using it since Paradox posted it and it's been pretty good so far at telling the trend story on ALL timeframes.
You were right, Jeremy.
Observation is the path to discovery.
  • #3,538
  • Mar 6, 2012 1:14am Mar 6, 2012 1:14am
Quoting odellcash
I'm confused. What is the difference between

TmaSlope.v1.3_NormalizedRecommended.mq4
TmaSlope.v1.3_NormalizedFixed.mq4
The new OFFICIAL indicators are in the Packet.zip file on Page 1, just updated this morning.
Observation is the path to discovery.
  • #3,539
  • Mar 6, 2012 1:16am Mar 6, 2012 1:16am
Quoting PistolDave
Rules:

1- We will first determine trend in the TMA by using the TMA Slope indicator. Ranging TMA (-0.50 to 0.50): Trades can be placed in both directions.

3- We will now look at the TMA Slope Indicator and only enter long positions if the Slope value is rising

The slope value is rising. See the green arrow indicating the change from down to up on the entry bar.
yes the slope value is indeed rising but what about the rest of rule 1.

"Trades can be placed in both directions. Bullish TMA (Above 0.51): Place ONLY Long trades. Bearish TMA (Below -0.51): Place ONLY Short trades."
  • #3,540
  • Mar 6, 2012 1:17am Mar 6, 2012 1:17am
Quoting successlife
Yes, FPV are there but in the line . I dont know if this a valid signal, mostly when was time report in AUD.
The FPV is a very powerful s/r level. It is true that Price is not clear above the line, but considering the FPV, I would have taken that trade confidently.
Observation is the path to discovery.
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