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Extreme TMA System

  • #3,581
  • Mar 6, 2012 4:47am Mar 6, 2012 4:47am
Quoting los_pipos
Can I ask what are people's thoughts on this short on USD/CAD.
We have had a second test rejected, however there does seem to be some upward momentum looking at the HA. Would you take the trade now or would you wait a while to see of the momentum dies down and we start looking for smaller HA or red HA candle?

Thanks - I know you're not keen on shorting USD at the moment Al, just asking from a technical point of view.
My TMA slope says no and I would not fight such a strong trend.
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Follow the money --Mark Felt (Deepthroat)
  • #3,582
  • Mar 6, 2012 4:47am Mar 6, 2012 4:47am
Quoting Alorente
As you know, The Extreme TMA System does a fantastic job of identifying and catching turns in price action during ranging markets. I have been working on finding a method to extract profits from trending markets as well. I am now testing a strategy that seems to promise exactly that. Here are the simple rules under consideration:

Long Strategy:

1- Look for the first bar close of the TMASlope indicator that moves above 0.50 value.

2- Enter long when the first HA candle turns Blue. No need to wait for a close of the candle.

3- Exit...

Hi Al,

Wouldnt that be great to see this work !!
I inserted a screenshot where you can see that the slope is giving 0.42 so waiting to go fill the rules to go long. Because of the repaint you can see it passed the 0.5 a while ago but watching this live it never did.
So how you think to go treat the rules, i think its very difficult because we would be in to late.......
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  • #3,583
  • Mar 6, 2012 4:51am Mar 6, 2012 4:51am
Quoting longfellow
My TMA slope says no and I would not fight such a strong trend.
My TMA slope is showing 0.47 (M15) and has been dropping the last 7 bars.
  • #3,584
  • Mar 6, 2012 4:52am Mar 6, 2012 4:52am
Quoting longfellow
My TMA slope says no and I would not fight such a strong trend.
Wow, my TMA slope is much different! Mine is only reading 0.3 at the moment!!

Better update my indi's!!!
  • #3,585
  • Mar 6, 2012 4:52am Mar 6, 2012 4:52am
Quoting Alorente
...Iīve been saying in the past few days that I believe we are entering a Risk Off period that should see the Euro fall and the S&P consolidate about 5% from itīs high.
It feels that way.

As you know, sometimes a rise in the VIX confirms "risk off".

A dropping S&P without a rising VIX can mean that institutional money is not buying it.
(Hoping for another flood of liquidity of some kind from the FED, perhaps.)

It hasn't turned up yet.

http://finance.yahoo.com/q?s=%5EVIX

It's at 18.05 right now, near the historical norm of about 15, I believe, and has been falling steadily since Oct 2011.

Worth monitoring, perhaps. I know some hedge fund managers watch it for confirmation.
The mind thinks, the heart knows...
  • #3,586
  • Mar 6, 2012 4:53am Mar 6, 2012 4:53am
Hi Al,

How about a TMASlope with two-tone color for red and green as up or down? It may be elegant, useful and very intuitive.

I am attaching a picture for illustration only.

Greetings.
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  • #3,587
  • Mar 6, 2012 4:54am Mar 6, 2012 4:54am
Quoting normtold
My TMA slope is showing 0.47 (M15) and has been dropping the last 7 bars.
I'm in M5. Dropping, but still out of range for me.
Follow the money --Mark Felt (Deepthroat)
  • #3,588
  • Mar 6, 2012 4:54am Mar 6, 2012 4:54am
Quoting los_pipos
Thanks AL, I have no intention of shorting this. I have just seen this happen a couple of times when price moves aggressively towards the pivot. Just want to kno how best to deal with this situation.

Also, what are your thoughts on on only trading tightly correlated pairs such as GPB/CHF, AUD/NZD etc. If these markets are much more inclined to range, then should we expect a better hit rate in these?
There are better choices. For Example, I shorted EurGbp at R1. Just exited for a quick +20 pips. Just try to be on the side of short Euro and Long dollar for the next few days. It will be difficult to counter trade this market.
Observation is the path to discovery.
  • #3,589
  • Mar 6, 2012 4:56am Mar 6, 2012 4:56am
I will post the charts so you can all see if they are like yours. Look for the TMA SLOPE AND ITS VALUES !!!
I apreciate your help.

USD CAD 15MIN
Attached Image (click to enlarge)
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  • #3,590
  • Mar 6, 2012 4:58am Mar 6, 2012 4:58am
Quoting Alorente
There are better choices. For Example, I shorted EurGbp at R1. Just exited for a quick +20 pips. Just try to be on the side of short Euro and Long dollar for the next few days. It will be difficult to counter trade this market.
Also, expect volatility until 3/20 or until the Greek bond deal is subscribed by more than the 60% required. Try to exit at center line on your trades if price stalls for 2 or 3 candles. The possibility of reversals is high, so better to go for quick profits and enter again on a spike back to the outer band.
Observation is the path to discovery.
  • #3,591
  • Mar 6, 2012 4:59am Mar 6, 2012 4:59am
Quoting Tuauxp
Hi Al,

Wouldnt that be great to see this work !!
I inserted a screenshot.......
Say, Tuauxp, what is that big green final bar on your chart about? I've seen it on other charts. Is it a longer TF bar, or a fluke?
The mind thinks, the heart knows...
  • #3,592
  • Mar 6, 2012 5:01am Mar 6, 2012 5:01am
Quoting Alorente
Also, expect volatility until 3/20 or until the Greek bond deal is subscribed by more than the 60% required. Try to exit at center line on your trades if price stalls for 2 or 3 candles. The possibility of reversals is high, so better to go for quick profits and enter again on a spike back to the outer band.
Another good long could be UsdJpy at S3 if it holds there.
Observation is the path to discovery.
  • #3,593
  • Mar 6, 2012 5:01am Mar 6, 2012 5:01am
Quoting Alorente
Another good long could be UsdJpy at S3 if it holds there.
No, sorry. It is now Sell Only.
Observation is the path to discovery.
  • #3,594
  • Mar 6, 2012 5:01am Mar 6, 2012 5:01am
Quoting Alorente
Also, expect volatility until 3/20 or until the Greek bond deal is subscribed by more than the 60% required. Try to exit at center line on your trades if the y stall for 2 or 3 bars. The possibility of reversals is high, so better to go for quick profits and enter again on a spike back to the outer band.


Muchas gracias amigo.
  • #3,595
  • Mar 6, 2012 5:02am Mar 6, 2012 5:02am
Quoting longfellow
I'm in M5. Dropping, but still out of range for me.
Sorry I did not know the TF you were on, you are right in M5 buy only, 1.03.

Against all better advice I have taken a short on M15 USD/CAD at R3 and BRN 1.0000. (demo account 0.01 Lots).
  • #3,596
  • Mar 6, 2012 5:02am Mar 6, 2012 5:02am
Quoting lologo
Hi Al,

How about a TMASlope with two-tone color for red and green as up or down? It may be elegant, useful and very intuitive.

I am attaching a picture for illustration only.

Greetings.
Dear Al:
I think lologo has made a good point. I agree this would help interpret the TMASlope better.
Thanks for asking us for our input to make this better.

Steve
  • #3,597
  • Mar 6, 2012 5:02am Mar 6, 2012 5:02am
Quoting Ever E. Man
Say, Tuauxp, what is that big green final bar on your chart about? I've seen it on other charts. Is it a longer TF bar, or a fluke?
That is the day range bar. You can turn it off in inputs on the MultiPivots indicator.
Observation is the path to discovery.
  • #3,598
  • Mar 6, 2012 5:05am Mar 6, 2012 5:05am
Quoting lologo
Hi Al,

How about a TMASlope with two-tone color for red and green as up or down? It may be elegant, useful and very intuitive.

I am attaching a picture for illustration only.

Greetings.
We had it like that and we changed it back. If the members on the thread request it, as well as White or Gray for ranging bars, weīll change it, but I donīt hear anyone screaming for it.
Observation is the path to discovery.
  • #3,599
  • Mar 6, 2012 5:08am Mar 6, 2012 5:08am
Quoting stevewide
Dear Al:
I think lologo has made a good point. I agree this would help interpret the TMASlope better.
Thanks for asking us for our input to make this better.

Steve
Anyone else wanting a color change on the TMASlope? How about Gray for ranging bars, or only two tone Green and Red?
Observation is the path to discovery.
  • #3,600
  • Mar 6, 2012 5:11am Mar 6, 2012 5:11am
Quoting LuisPrinc
I will post the charts so you can all see if they are like yours. Look for the TMA SLOPE AND ITS VALUES !!!
I apreciate your help.

USD CAD 15MIN
I used your chart to see your pivot levels (as my earlier request was not answered) and I am pleased to see they are very close to mine, so thank-you Luis, and yes my chart looks like yours except the funky colours
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