Extreme TMA System | Page 219 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Hennis Extreme TMA System 105 replies

TMA Reality Tour 116 replies

Happs with TMA Trading Journal 25 replies

MTF TMA 287 replies

SnakeForce - simple TMA with alert? 3 replies

Attachments: Extreme TMA System
Exit Attachments

Extreme TMA System

  • #4,361
  • Mar 8, 2012 4:25am Mar 8, 2012 4:25am
Yes, market caught us by surprise ;-).

The critical point with this kind of systems is the transition from ranging to trending. If the borderline has been broken, and you have opened positions expecting a turn back to centerline, and the market decides otherwise... better to have those stops in place.

The system can not warn you in any way when a new trend is about to start. No indicator based system is capable to do that.


Quoting imbonitore
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
  • #4,362
  • Mar 8, 2012 4:28am Mar 8, 2012 4:28am
Hi,

Someone kindly help explain why my dashboard giving signal Sell for Gold while chart showing Buy Only Signal. See the attach! Many many thanks!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: TMAb.png Size: 64 KB
Click to Enlarge Name: TMAc.png Size: 53 KB
  • #4,363
  • Mar 8, 2012 4:31am Mar 8, 2012 4:31am
Quoting JohnRandom
Yes, market caught us by surprise ;-).

The critical point with this kind of systems is the transition from ranging to trending. If the borderline has been broken, and you have opened positions expecting a turn back to centerline, and the market decides otherwise... better to have those stops in place.

The system can not warn you in any way when a new trend is about to start. No indicator based system is capable to do that.
Yes, I got locked in some bad JPY trades yesterday. I managed to scalp almost 100 pips, but now I've got a few horrible open positions.
  • #4,364
  • Mar 8, 2012 4:39am Mar 8, 2012 4:39am
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.
"
So we should be checking manually the 5M slope for "range or trend" and checking it for slope bars getting higher or lower. This is because the dashboard is currently set up to check these items only on the 15M?
  • #4,365
  • Mar 8, 2012 4:44am Mar 8, 2012 4:44am
Quoting quinito7
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...
Thanks for your message. When I have time, I will write the front page Post 1 in Spanish and I will post it on the thread. Not till next week though.
Observation is the path to discovery.
  • #4,366
  • Mar 8, 2012 4:46am Mar 8, 2012 4:46am
Quoting JohnRandom
Yes, market caught us by surprise ;-).

The critical point with this kind of systems is the transition from ranging to trending. If the borderline has been broken, and you have opened positions expecting a turn back to centerline, and the market decides otherwise... better to have those stops in place.

The system can not warn you in any way when a new trend is about to start. No indicator based system is capable to do that.

Yess I agree totaly with you and this should be done. When we trade counter trades we must if fail then close the position and go with the current trend continuation. If our santa claus can do this ALL IN ONE PACKET then we have almost a perfect system.
What do you suggest ?
  • #4,367
  • Mar 8, 2012 4:47am Mar 8, 2012 4:47am
Quoting quinito7
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...
Hola, Quinito.

Yo tengo traducidas las reglas del primer post y parte de los más importantes. Mi intención es, con tiempo, ir traduciendo las más relevantes al español. Si me das tu email te lo puedo enviar en word, tal como lo tengo ahora mismo.

Un saludo.
  • #4,368
  • Mar 8, 2012 4:51am Mar 8, 2012 4:51am
Te envio un privado.
Gracias
  • #4,369
  • Mar 8, 2012 4:55am Mar 8, 2012 4:55am
Boa tarde to everyone!

Al, Tma slope indi repaints MUITO agressive, how can I deal with it?
Obrigado!
  • #4,370
  • Mar 8, 2012 4:57am Mar 8, 2012 4:57am
Quoting lologo
Hola, Quinito.

Yo tengo traducidas las reglas del primer post y parte de los más importantes. Mi intención es, con tiempo, ir traduciendo las más relevantes al español. Si me das tu email te lo puedo enviar en word, tal como lo tengo ahora mismo.

Un saludo.
Por favor enviamelo a mi tambien. Te doy mi email por PM.

Gracias.
Observation is the path to discovery.
  • #4,371
  • Edited 5:30am Mar 8, 2012 4:57am | Edited 5:30am
Quoting FocusedonFX
Yes, I got locked in some bad JPY trades yesterday. I managed to scalp almost 100 pips, but now I've got a few horrible open positions.
I had a bad trade with Gold today on M15. TMAslope indicated RANGING, the price broke up above upper outer band. I took a short. Then price went up higher and higher while TMA slope always told RANGING, about three or four latest bars of the indi always below 0.5 value while price kept going up straight. All bars after these three or four latest bars are above 0.5 value. When price stalled on the high, the TMA slope told Only Buy. At this point the trade had a big negative. I do not know how the indi really works, but the obvious thing is I kept staying in a wrong direction (price broke up the range and went up). So my suggestion is that a stoploss is a MUST, and the method should be used following the direction on higher timeframe.
  • #4,372
  • Mar 8, 2012 5:00am Mar 8, 2012 5:00am
I was really busy this last weekend and im bk dled the new packet and all. Now, the dashboard is kinda confusing me, eg. right now it is saying to sell GBP JPY in the 15, 30 and 1hr tfs but when i check the graph its BUY only..
Can u pls explain how it works and it would be great if u included it in your first post.
Tkx, and keep up the magnificient work!
  • #4,373
  • Mar 8, 2012 5:01am Mar 8, 2012 5:01am
Quoting fire580
"
So we should be checking manually the 5M slope for "range or trend" and checking it for slope bars getting higher or lower. This is because the dashboard is currently set up to check these items only on the 15M?
Yes. In the next version, the dashboard will give you the signals based on normalized values in each TF.
Observation is the path to discovery.
  • #4,374
  • Mar 8, 2012 5:09am Mar 8, 2012 5:09am
Al,
Do you recommend when going long on 5 min that you wait for a bar to close on blue before taking the trade or take the trade right after it turns blue (before closing)?

Thanks!
  • #4,375
  • Mar 8, 2012 5:30am Mar 8, 2012 5:30am
Quoting rglenn
What a blessing Alfredo is to so many.

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.

All the best to all.
Robert
hi Robert,.

you're absolutely right,.
how do you determine what you said above?
would you please give me the ADR indy?
if you don't mind

you're my senior
  • #4,376
  • Mar 8, 2012 5:41am Mar 8, 2012 5:41am
Quoting Ambopa
Boa tarde to everyone!

Al, Tma slope indi repaints MUITO agressive, how can I deal with it?
Obrigado!
Real page 1, post 1.
Observation is the path to discovery.
  • #4,377
  • Mar 8, 2012 5:43am Mar 8, 2012 5:43am
Quoting FXDawg
Al,
Do you recommend when going long on 5 min that you wait for a bar to close on blue before taking the trade or take the trade right after it turns blue (before closing)?

Thanks!
No need to close.
Observation is the path to discovery.
  • #4,378
  • Mar 8, 2012 5:45am Mar 8, 2012 5:45am
Quoting faxxion
I am waiting Greg (bluewatercat). You should be up any minute.
Sorry to keep you waiting. I had a dinner meeting up in Cocoa last night that went long which prevented my pre-session nap. I ended up having to catch up on some sleep. I hope you did well and am very anxious to catch up on the thread reading to see how it went.

Greg
  • #4,379
  • Mar 8, 2012 5:46am Mar 8, 2012 5:46am
Hola Alfredo,

How are you this morning?

Do you wait for a close of the HA candle in the direction of the signal, or do you only need to see it flash the color in the trade direction?

William
may you find what you seek and trade what you find
  • #4,380
  • Mar 8, 2012 5:47am Mar 8, 2012 5:47am
Hello everyone !
I'm read almost all thread but i have some questions.Sorry for my english but is not my native language. I have a problem for example today eur/usd on 15m TMA Slope was all the time display "Ranging market 0.40" and all the bars was grey then suddenly after 60minut (something like that) previous bars which was before grey turn into green and price go out the upper band very high. I lost good oportunity to trade and i dont know how to avoid it or get profit from this. Is it because it repaints so bad ? How other traders trade in such moments ?Or do i have to do something different ? I will be very thankful if someone would help young trader to understand this Thanks in advance !
8 traders viewing now