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Extreme TMA System

  • #3,841
  • Mar 6, 2012 4:38pm Mar 6, 2012 4:38pm
Quoting shahrooz67
let's progress together

Good night all

Wish me luck for my exam
Good luck Buddy.
Observation is the path to discovery.
  • #3,842
  • Mar 6, 2012 4:50pm Mar 6, 2012 4:50pm
new colored TMA scalping really nice Al...thanks! Steve
  • #3,843
  • Mar 6, 2012 4:52pm Mar 6, 2012 4:52pm
Al, what pairs are you scalping on M1? Only EUR/USD?
  • #3,844
  • Mar 6, 2012 4:54pm Mar 6, 2012 4:54pm
Quoting Olarion1975
Al, what pairs are you scalping on M1? Only EUR/USD?
Yes. That is the one I know very well. For now, that´s enough.
Observation is the path to discovery.
  • #3,845
  • Mar 6, 2012 4:57pm Mar 6, 2012 4:57pm
Scalping - M1 ?? - I thought it was going to be M5 !!
  • #3,846
  • Mar 6, 2012 4:59pm Mar 6, 2012 4:59pm
Thanks a lot AL, i was really needing the scalp slope.
  • #3,847
  • Mar 6, 2012 5:01pm Mar 6, 2012 5:01pm
Quoting Alorente
Yes. That is the one I know very well. For now, that´s enough.
Ok, thank you. When scalping, do you also wait for test of support/resistance?
  • #3,848
  • Mar 6, 2012 5:02pm Mar 6, 2012 5:02pm
Quoting handy148
Scalping - M1 ?? - I thought it was going to be M5 !!
No. M5 is the new trend system we are working on. So, now we have the normal M15 system (Also good for H1, H4 and D1), the M5 trend system and the M1 Scalping method, which takes trend from the M15 value and trades only in the direction of M15 trend.
Observation is the path to discovery.
  • #3,849
  • Mar 6, 2012 5:06pm Mar 6, 2012 5:06pm
Quoting Olarion1975
Ok, thank you. When scalping, do you also wait for test of support/resistance?
No. I just trade in the direction of the M15 trend, from band to band. Very simple.
Observation is the path to discovery.
  • #3,850
  • Mar 6, 2012 5:26pm Mar 6, 2012 5:26pm
Hey Al, when we trade band to band do you set your TP near the opposite band at the time of entry? Since the band moves as price moves do we follow the movement and exit when the price touches the new position? Or do we exit on where the opposite band WAS when we entered?
  • #3,851
  • Mar 6, 2012 5:34pm Mar 6, 2012 5:34pm
Quoting Alorente
Paradox,

Shah says he is a bit busy with University stuff. Can you look at the EA of the trend rules. It would be great to have it for testing purposes.

The rules are on post: 3566.

Thanks.
I can look at them more tomorrow. But I am a big believer in discretion and am not very comfortable with a Trade entering EA. Is that what your are asking? Don't take this the wrong way but you don't know how good you are at discretionary exits. An automatic EA like this will not make money over any long period of time.

I played with the rules a bit in testing mode. That slope line can hold in the white for a while and after it is switched can easily go back white and whip you out of the trade. I mean I like it and I like the basic rules you can get a consolidation breakout and ride it for a while but you usually have to ignore a few exit signals.
  • #3,852
  • Mar 6, 2012 5:46pm Mar 6, 2012 5:46pm
Quoting istvan
Latest status playing using micro live account.
Closed:
Long GBPUSD + 7p
Short EURUSD + 32p
Long EURJPY + 5p
Long AUDUSD + 13p
Short GBPUSD + 18p
Still running:
Short EURAUD - 92p (my first trade now in recovery 1.1.2.4)
Short EURAUD + 7p (recovery 1.1)
Short EURCAD - 14p
Long GBPUSD -48 (my possible second recovery)

SS EURAUD (for recovery 1.1.2)
BS GBPUSD (for recovery 1.1.2)
Tomorrow we will know more. Goodnight all.
What kind of trade is it? Just recovery trade? I think it is too risky to pile huge minus and wait to recover
  • #3,853
  • Mar 6, 2012 5:56pm Mar 6, 2012 5:56pm
Al, thank you very much for the voucher! That means a lot to me.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,854
  • Mar 6, 2012 6:29pm Mar 6, 2012 6:29pm
Alfredo, la versión 13 del tablero de Carl, con que TMA esta trabajando.

Seria bueno que trabaje con la ultima version.

Un saludo desde Cuenca, Ecuador
IH - B221 Return Today: -0.2%
  • #3,855
  • Mar 6, 2012 6:42pm Mar 6, 2012 6:42pm
I looked through Al's recent posts but don't see where the 5M strategy is posted - can anybody help? Thanks, p.
  • #3,856
  • Mar 6, 2012 6:45pm Mar 6, 2012 6:45pm
Quoting Alorente
For those of you who don´t know these candles well, let me mention 4 characteristics that make Heiken Ashi candles ideal to help you stay in the trend and avoid early exits. They are pretty helpful for entering a trade too:

1 - HA candles all remain the same color when locked in a strong trend. As you can see in the pictures below, they are all Red for downtrends and all Blue (Green) for up trends.

2- HA candles, on strong trends, do not have "tails" or "shadows" on the end of the candles away from the trend. On Red candles, no tails on...
Great, Al! Thank you!
If I Change, the whole World changes!
  • #3,857
  • Mar 6, 2012 6:49pm Mar 6, 2012 6:49pm
Quoting piprac
I looked through Al's recent posts but don't see where the 5M strategy is posted - can anybody help? Thanks, p.

post #3565
  • #3,858
  • Mar 6, 2012 6:50pm Mar 6, 2012 6:50pm
Quoting frollollc
post #3565
Thank you. I missed a lot by being busy yesterday & today!! p.
  • #3,859
  • Mar 6, 2012 8:40pm Mar 6, 2012 8:40pm
What a great looking system!

Thanks for sharing Al
  • #3,860
  • Mar 6, 2012 9:05pm Mar 6, 2012 9:05pm
What do you people think ? EUR/USD is hitting FPV, but the EURO index is rising...
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