Extreme TMA System | Page 220 | 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

  • #4,381
  • Mar 8, 2012 6:01am Mar 8, 2012 6:01am
This is the answer, William :

Quoting Alorente
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.
  • #4,382
  • Mar 8, 2012 6:04am Mar 8, 2012 6:04am
Quoting Jezeckiel
This is the answer, William :
Thank you Jezeckiel. I had missed that.

William
may you find what you seek and trade what you find
  • #4,383
  • Mar 8, 2012 6:12am Mar 8, 2012 6:12am
Hi Al - great thread and am relgiously working my way through it (up to post 585 so only another month to go )

In the posts so far there's always mention of the spike indicator but I can't see in the packet zip. Do you still use it ?

Please don't tell to keep reading... the suspense is killing me

Can't believe the number of posts in such a short time. Well done to you.

Chuck
  • #4,384
  • Mar 8, 2012 6:15am Mar 8, 2012 6:15am
No, it's not used now. I thought the same!

Everything you need is in post #1 and packet.zip
  • #4,385
  • Mar 8, 2012 6:41am Mar 8, 2012 6:41am
I experimented with this last night and lost 260 pips as take profit wasn't hit and went to bed. This was all demo. So I am doing something wrong. I trade with TMA manually and got some nice winners on 4 hour.

Anyway - Maybe when you have time Al and everything is sort of finalized you could do a cam recording with a program like camtasia of you trading in real time for 20 minutes showing what you do. Also you should open a paypal account where people can show you their appreciation and buy yourself a small gift.

Cheers
  • #4,386
  • Mar 8, 2012 6:56am Mar 8, 2012 6:56am
Quoting faxxion
The thread is so quiet today. Entries are a little tricky when the market is trending so hard around news. I am just entering off the midline in the direction of the trend. Anyone else?
I'm trying the same thing. I've scalped 46 Pips so far today, but still have some nasty open positions. Have been working very poor entries this whole week to be honest.
  • #4,387
  • Mar 8, 2012 7:05am Mar 8, 2012 7:05am
Quoting FocusedonFX
I'm trying the same thing. I've scalped 46 Pips so far today, but still have some nasty open positions. Have been working very poor entries this whole week to be honest.
Hello FOFX,

I am getting better entries off of the 15M TF. It gives me a better feel of the market. 5M is tough when trending.

William
may you find what you seek and trade what you find
  • #4,388
  • Mar 8, 2012 7:06am Mar 8, 2012 7:06am
Quoting faxxion
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
Hi William.

I don´t wait for a close.
Observation is the path to discovery.
  • #4,389
  • Mar 8, 2012 7:10am Mar 8, 2012 7:10am
Quoting penet
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...
Violent moves like that one are very difficult to trade. Better to stand on the sidelines till things cool down a bit.
Observation is the path to discovery.
  • #4,390
  • Mar 8, 2012 7:11am Mar 8, 2012 7:11am
Everyone waiting on the ECB?
Tracking the Specialists.
  • #4,391
  • Mar 8, 2012 7:11am Mar 8, 2012 7:11am
Quoting Chuckyisback
Hi Al - great thread and am relgiously working my way through it (up to post 585 so only another month to go )

In the posts so far there's always mention of the spike indicator but I can't see in the packet zip. Do you still use it ?

Please don't tell to keep reading... the suspense is killing me

Can't believe the number of posts in such a short time. Well done to you.

Chuck
No, we changed the rules.
Observation is the path to discovery.
  • #4,392
  • Mar 8, 2012 7:12am Mar 8, 2012 7:12am
Quoting hargiyo84
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

Hi Hargiyo

The indi I use is attached but I am sure there are others on this forum which you can search for. This is not part of AL's system but it will help if you want to get more pips from this system and it helps also to confirm direction of market. It doesn't work 100% of the time by the way as when the market is in a small range for the whole day i.e less than 80 pips there is no telling where it will go

Attached File(s)
File Type: ex4 xADR_0.2.ex4   6 KB | 418 downloads


Attached File(s)
File Type: mq4 xADR_0.2.mq4   4 KB | 572 downloads



All the best
Robert
With God its impossible to lose
  • #4,393
  • Mar 8, 2012 7:14am Mar 8, 2012 7:14am
Quoting Alorente
No, we changed the rules.
Alfredo,

That was post #2000 for you.

William
may you find what you seek and trade what you find
  • #4,394
  • Mar 8, 2012 7:15am Mar 8, 2012 7:15am
Quoting Finsia
I experimented with this last night and lost 260 pips as take profit wasn't hit and went to bed. This was all demo. So I am doing something wrong. I trade with TMA manually and got some nice winners on 4 hour.

Anyway - Maybe when you have time Al and everything is sort of finalized you could do a cam recording with a program like camtasia of you trading in real time for 20 minutes showing what you do. Also you should open a paypal account where people can show you their appreciation and buy yourself a small gift.

Cheers
You can´t learn to trade by looking at someone do it on a video. I know famous traders get a lot of money doing that, but it is useless for you. You have to acquire knowledge through practice and experience. There is no quick alternative. You can look at me while I do it but you can´t see what is in my head.

As far as the Paypal idea. No thanks. I´m not here for money. Thanks for the thought.
Observation is the path to discovery.
  • #4,395
  • Mar 8, 2012 7:17am Mar 8, 2012 7:17am
Quoting faxxion
Alfredo,

That was post #2000 for you.

William
Not a very memorable one...
Observation is the path to discovery.
  • #4,396
  • Mar 8, 2012 7:19am Mar 8, 2012 7:19am
Hello everyone, as some of you said today, I had very ugly losses during the Asian session last night too. It was on a demo account, so I'm ok with that.

I followed the signals provided by the dashboard, they all seemed promissing at that moment. I checked all charts before opening the trades, and they all were following the system rules.

I understand the Extreme TMA system works very well in ranging markets, but not as good as in trending ones (yet !)

So I guess my message is, LET'S NOT GIVE UP, FELLOWS.

We have a brilliant system, made by outstanding people, and we'll make it even better !

I'm at work now, but as soon as I get home, I'll do my best to help figuring out a way we can handle this.
  • #4,397
  • Mar 8, 2012 7:28am Mar 8, 2012 7:28am
Hi Al,

do you still test the M5 trend trading? How is it going?

Thanks,
Olarion
  • #4,398
  • Mar 8, 2012 7:34am Mar 8, 2012 7:34am
Quoting beto21_cwb
So I guess my message is, LET'S NOT GIVE UP, FELLOWS.
Oh come on! Who is giving up here?

A good trend is like a X-Mas for me! I go to M1 and I scalp the hell out of it! The up-trend? Great! I get in at the lower band and go to the upper band, and with a good trend I can do it again and again and again!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #4,399
  • Mar 8, 2012 7:38am Mar 8, 2012 7:38am
Quoting beto21_cwb
Hello everyone, as some of you said today, I had very ugly losses during the Asian session last night too. It was on a demo account, so I'm ok with that.

I followed the signals provided by the dashboard, they all seemed promissing at that moment. I checked all charts before opening the trades, and they all were following the system rules.

I understand the Extreme TMA system works very well in ranging markets, but not as good as in trending ones (yet !)

So I guess my message is, LET'S NOT GIVE UP, FELLOWS.

We have a brilliant system, made by...
Beto, the way to handle this, as you say, is to understand what is happening in the market at the time of your trade. I communicated to the group that I had sold the 6 day old Euro position. It is obvious that I sold because I didn´t think it was going any lower. I also said in another post that the euro should not be entered long until it was announced that Greece had subscribed the 60% needed on their bond restructuring. They announced yesterday that they already were up to 58% and the Euro took off. No trades should have been entered last night, short euro, long dollar or long yen. Also, there were several bullish divergences showing in H4 and H1 before the up move. The move last night did not come as a surprise at all. Having said that, I expect it to be short lived. Probably limited to where we are (38.2% Fibo retracement). At most up to 50% Fibo Retracement of 1.3290, but I´m more inclined to believe that this is it.
Observation is the path to discovery.
  • #4,400
  • Mar 8, 2012 7:46am Mar 8, 2012 7:46am
Hello Al,

I would like to post my developing trading plan for your (or anybody else's) comments. This plan is only for entry, not for management.



Extreme TMA Trading Plan

15 minute time frame dictates allowable trades
Trades are taken on the 5 minute time frame



1.If 15 min time frame slope is BUY ONLY, then
•5 minute trend long
•5 minute scalp long

2.If 15 min time frame slope is SELL ONLY, then
•5 minute trend short
•5 minute scalp short

3.If 15 min time frame slope is RANGING, then
•5 minute trend long
•5 minute scalp long
•5 minute trend short
•5 minute scalp short

The Trades

1.5 minute Trend LONG
•15 min slope is Ranging or Buy Only
•5 minute slope is Ranging
•5 minute slope changes to “Buy Only” when bar closes
•HA candle “flashes” blue on the next bar


2.5 minute Trend SHORT
•15 min slope is Ranging or Sell Only
•5 minute slope is Ranging
•5 minute slope changes to “Sell Only” when bar closes
•HA candle “flashes” red on the next bar

3.5 minute Scalp LONG
•15 min slope is Ranging or Buy Only
•5 minute slope is Ranging or Buy Only
•Dashboard 5 min cell turns to Green Buy, i.e.
 Price below lower TMA band
 Slope rising
•HA bar flashes blue

4.5 minute Scalp SHORT
•15 min slope is Ranging or Sell Only
•5 minute slope is Ranging or Sell Only
•Dashboard 5 min cell turns to Red Sell, i.e.
 Price above upper TMA band
 Slope falling
•HA bar flashes red
5 traders viewing now