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Extreme TMA System

  • #4,341
  • Mar 8, 2012 1:34am Mar 8, 2012 1:34am
Quoting Alorente
Just confirm the slope value of the higher TF with the slope value in the chart. The dashboard gives the other rules (Band levels, etc) correctly in every TF.
  • #4,342
  • Mar 8, 2012 1:38am Mar 8, 2012 1:38am
Quoting Favorite
Browserguy, good for you!

I wouldn't enter this trade. There was a huge 37 pips' black candle at 7:30 PM EST, and I would never enter after such a huge candle.

.
Good advice Favourite, in retrospect, but it was my first trade with the Db and was successful! There was a retrace to the TMA.
I was able to exit when price stalled around the FPV!
EP
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  • #4,343
  • Mar 8, 2012 1:52am Mar 8, 2012 1:52am
What a blessing Alfredo is to so many.

I have been watching this thread for a while with great interest and I must say that I have never seen anyone keep so calm like Al when others are losing control. No wonder he has made it in forex as you need so much self control.

This is a great system for scalping, however if you are trying to catch more pips you will need to take into consideration each currencies ADR. i.e if EURUSD has reached 70 pips for the day going long and it's average daily range is 140 pips even though it may dip by say 30 pips it will not be denied until it reaches 140 pips. So if you get a setup going short and you try to go for more than 30 pips you will become a cropper.

All the best to all.
Robert
With God its impossible to lose
  • #4,344
  • Mar 8, 2012 2:39am Mar 8, 2012 2:39am
Quoting faxxion
Hello Lologo,

I like your configuratiom with the dashboard in the center.

William
Glad to be of help.
  • #4,345
  • Mar 8, 2012 2:57am Mar 8, 2012 2:57am
One question: Would not it be interesting to place somewhere in the TMASlope a number that showed the distance between the upper band and lower band of the TMA? I remember that was important to know that number before deciding to open a trade
  • #4,346
  • Mar 8, 2012 3:01am Mar 8, 2012 3:01am
There is an indi called "TMA with distances" but I should ask Al/Carl about it first.
  • #4,347
  • Mar 8, 2012 3:14am Mar 8, 2012 3:14am
Quoting handy148
Is my understanding of your testing yesterday that you traded M5 charts and took every signal from the dashboard once it was confirmed by an HA candle.
Correct. Except for the ones I did not take because I was already in 5 positions.
Observation is the path to discovery.
  • #4,348
  • Mar 8, 2012 3:31am Mar 8, 2012 3:31am
Mr.Al.....what for system do you use?2 weeks ago you said M15,1 week ago you said that 1M is very good,this week you have another idea-5M Dashboard,signals...what will be next week?maybe...7,5M:
What show your Dash today?CABLE R1,R2,R3...
An idea is a new combination of old elements.
  • #4,349
  • Mar 8, 2012 3:36am Mar 8, 2012 3:36am
Quoting minut3s
Thanks to Carl for his time in doing the dashboard.
It's a magnificent piece of art.

I wish to clarify for e.g if the "Red Sell" appear on 5 min, we wait for HA to turn red. When it closed red, the "Red Sell" disappear (the price gone back inside the band), is this trade still valid?
You should take trades that are as much beyond the outer bands as possible. Please, be selective. Especially with the volatility that is expected this week.
Observation is the path to discovery.
  • #4,350
  • Mar 8, 2012 3:42am Mar 8, 2012 3:42am
Today is too quiet in the forum ... or all in the red or all profits are waiting .... I think the market will turn ... Bulls earn today on hopes that Greece will achieve Deal....everything high and quickly goes up ... later low falls
  • #4,351
  • Mar 8, 2012 3:43am Mar 8, 2012 3:43am
Quoting rglenn
What a blessing Alfredo is to so many.

I have been watching this thread for a while with great interest and I must say that I have never seen anyone keep so calm like Al when others are losing control. No wonder he has made it in forex as you need so much self control.

This is a great system for scalping, however if you are trying to catch more pips you will need to take into consideration each currencies ADR. i.e if EURUSD has reached 70 pips for the day going long and it's average daily range is 140 pips even though it may dip by say 30 pips...
Thank you friend. I agree with you. Because of the inherent volatility in each pair, you will be more consistently profitable taking smaller gains than going for the big ones. Even 10 or 15 pips can be had very often. The biggest problem with traders is staying too long with the trade. Exit with a small gain, pat yourself in the back and wait for the next opportunity.
Observation is the path to discovery.
  • #4,352
  • Mar 8, 2012 3:44am Mar 8, 2012 3:44am
Just closed a 30 pip profit trade in EU Long.

nice system Al.

I really hope this will go on for long time, then I can see the light at the end off the tunnel

fratelli
  • #4,353
  • Mar 8, 2012 3:45am Mar 8, 2012 3:45am
Quoting lologo
One question: Would not it be interesting to place somewhere in the TMASlope a number that showed the distance between the upper band and lower band of the TMA? I remember that was important to know that number before deciding to open a trade
That is an excellent suggestion. I find myself measuring the width of the bands constantly. Weīll figure out where to add this value.
Observation is the path to discovery.
  • #4,354
  • Mar 8, 2012 3:49am Mar 8, 2012 3:49am
Quoting 15pips
Mr.Al.....what for system do you use?2 weeks ago you said M15,1 week ago you said that 1M is very good,this week you have another idea-5M Dashboard,signals...what will be next week?maybe...7,5M:
What show your Dash today?CABLE R1,R2,R3...
I like all the ones you mentioned. The main reason we are trying to develop methods for various time frames, is to let the members choose which one fits best with their trading persona. Everyone is different. Some people donīt like M15 but love M1. Others prefer H4...
Observation is the path to discovery.
  • #4,355
  • Mar 8, 2012 3:54am Mar 8, 2012 3:54am
I've got an indi TMA with distances if you want it.
  • #4,356
  • Mar 8, 2012 3:59am Mar 8, 2012 3:59am
Considering the current dashboard is based on the slope of the 15M you would still take a dashboard short if the 5M slope is saying buys only? - in your initial test yesterday you just went with the dashboard and did not check 5M slope to see if they agreed or not?
  • #4,357
  • Mar 8, 2012 4:02am Mar 8, 2012 4:02am
Quoting handy148
I've got an indi TMA with distances if you want it.
Thatīs ok. I would rather not confuse everyone right now. We will include it later with more changes to the dash.
Observation is the path to discovery.
  • #4,358
  • Mar 8, 2012 4:03am Mar 8, 2012 4:03am
Quoting fire580
Considering the current dashboard is based on the slope of the 15M you would still take a dashboard short if the 5M slope is saying buys only? - in your initial test yesterday you just went with the dashboard and did not check 5M slope to see if they agreed or not?
I did check the slope on M5. Everything was ranging yesterday so it was easy. Today is a different story, since many M5s are Buy or Sell only.
Observation is the path to discovery.
  • #4,359
  • Mar 8, 2012 4:05am Mar 8, 2012 4:05am
Quoting Alorente
I did check the slope on M5. Everything was ranging yesterday so it was easy. Today is a different story, since many M5s are Buy or Sell only.
Okay.... thanks
  • #4,360
  • Mar 8, 2012 4:15am Mar 8, 2012 4:15am
Good morning!
The first is how the forum goes fast, you can not go a day and 40 pages, is hardly to recover tomorrow .
As I said a few days When the system seems very good, although I am with the translator is quite difficult to follow because it does not translate very well.
The only thing I miss is some more input screen to analyze rather than that the translator does not deceive
Sorry for the English
Thank you very much to Al and all the others who give advice and assist in this system to succeed.

P. S. Al, I also am of Madrid, and tried to send you a private message but I can not be Junior Member. and the topic was to see if you have the rules of the system is Spanish with a translator if I did not understand or something I need to understand.

Muchas gracias
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