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Extreme TMA System

  • #4,681
  • Mar 9, 2012 11:37am Mar 9, 2012 11:37am
Quoting shahrooz67
Hi Peter

You know, I studied your thread almost completely , I believe your trading method is different with what AL does and they are both effective in different situations.But WE SHOULD KNOW the differences between situations first .

Thank you very much for your so being A nice guy who can share his experience where even in others Thread


BEST WISHES

Shahrooz
Thanks for your kind words.

Hope you seen your profile lately. VVVVVVVV


Peter
  • #4,682
  • Mar 9, 2012 11:48am Mar 9, 2012 11:48am
dear William :

private message from SCOTT-ibm


SCOTT
  • #4,683
  • Mar 9, 2012 11:49am Mar 9, 2012 11:49am
Quoting fratelli
Thanks for your kind words.

Hope you seen your profile lately. VVVVVVVV


Peter


ThX PETER


Very thx for the vouch


Hope i deserve it


Have a good weekend my friend

Shahrooz
  • #4,684
  • Mar 9, 2012 11:54am Mar 9, 2012 11:54am
Quoting Olarion1975
Another good trading day for me: +180 pips
I traded mostly the M15 (+120 pips) and a few M5 trades (+60 pips).

All the credit is due to Al who introduced this awesome system to us.

PS:
Forgot to mention that these +180 pips equal +12% growth in my live account!
Congrats! But better if you give back the thread by sharing your experience and your way to trade and what pairs so people in struggling here to learn together.
  • #4,685
  • Mar 9, 2012 11:55am Mar 9, 2012 11:55am
Quoting Olarion1975
Another good trading day for me: +180 pips
I traded mostly the M15 (+120 pips) and a few M5 trades (+60 pips).

All the credit is due to Al who introduced this awesome system to us.

PS:
Forgot to mention that these +180 pips equal +12% growth in my live account!
very nice well done!
Tracking the Specialists.
  • #4,686
  • Mar 9, 2012 12:02pm Mar 9, 2012 12:02pm
Quoting normtold
Tuauxp, you and me both and I am sure there are many others too shy to ask these type of questions.

Googleing VIX brought this interesting and informative page up, it's a start. Good luck.


http://www.minyanville.com/business-.../2012/id/39720
It's all about where the big money managers are comfortable putting their money. Do they gamble on stocks, gold, oil, commodities because they see the economy picking up? Or, do they try to find a safe haven to stash their (clients') dough in, such as bonds, or the USD, JPY, or CHF.

RISK OFF:
Time to look for a safe haven for your money
Expectation of an economic slow down imminent
Stocks sinking, commodities, gold, and oil sinking, commodity currencies, CAD, AUD, NZD, AND CNY all start sinking because of the threat of an economic slow down. Bonds (that look safe), USD, JPN, and CHF all rise because they look safer (safe haven currencies). The VIX, whose value depends on the puts on the S&P, rises as money managers but them for a hedge against portfolio losses.

RISK ON:
Time to invest, to take a chance, to gamble
Expectation of an economic upturn in the next 6-9 months
Stocks rising, commodities, gold, and oil rising, commodity currencies CAD, AUD, NZD, AND CNY all start rising because of the expectation of increased economic activity. USD, JPN, and CHF all stop rising because the money that was parked there for safety is now plowed into assets in hopes of getting a better return. The VIX, VXX etf, drops as the money managers sell their puts and put the money in assets.

So why have assets been rising, which is risk on, if the EUR is in a mess and could collapse? That would take too long to explain...

Basically, everyone is waiting for the other shoe to drop, maybe at the end of 2012 or in 2013. No one can predict that outcome.

It's been risk on for a while, the economy is starting to pick up, albeit very slowly, and media hype is putting a good spin on a solution in Greece.

Al sees a possibility of risk off developing. Al's got the experience and success to back it up, so, I listen to him when he says be cautious about going long the EUR or short the USD.

All that has to happen to go to RISK OFF is that the big guys get spooked! That's all! For whatever reason. And they'll move the market!

Right before that happens, you might be admiring a great setup to buy the EUR or short the USD, not knowing what's in store. Oops!
The mind thinks, the heart knows...
  • #4,687
  • Mar 9, 2012 12:07pm Mar 9, 2012 12:07pm
Quoting scott-ibm
dear William :

private message from SCOTT-ibm


SCOTT
Hello Scott,

Please check your inbox. I had trouble with that, too. I hope this helps. Let me know if you need anything else.

Your Friend,

William
may you find what you seek and trade what you find
  • #4,688
  • Mar 9, 2012 12:09pm Mar 9, 2012 12:09pm
That is exactly what I was thinking too. However, as you said, we could be missing something.




Quoting los_pipos
Sorry if this is a dumb question but why is this any different than just buying 1 lot at the bottom band or selling 1 lot at the upper band? If anything that would be better than opening two positions because you will instantly have twice the spread drawdown? What am I missing?
  • #4,689
  • Mar 9, 2012 12:21pm Mar 9, 2012 12:21pm
Quoting Ever E. Man
It's all about where the big money managers are comfortable putting their money.
Great analysis Ever, thanks for sharing
Tracking the Specialists.
  • #4,690
  • Mar 9, 2012 12:24pm Mar 9, 2012 12:24pm
Quoting Exciter135
Congrats! But better if you give back the thread by sharing your experience and your way to trade and what pairs so people in struggling here to learn together.
Thank you, Exciter. Sure, I gladly will help all people who are struggling, let me know how I can help you.
Having said that, I traded exactly as Al has pointed out the rules in post 1 with some help of the dashboard. I must say that I do not use the EA's but enter and exit manually. Today I traded the following pairs:

M15 time frame

  1. AUD/USD +19
  2. EUR/AUD +9
  3. EUR/GBP +10
  4. EUR/JPY +54
  5. USD/CAD +1
  6. USD/CHF +27

M5 time frame

  1. AUS/USD +15
  2. GBP/USD +38
  3. USD/CAD +7

Overall result since I started this method on Feb 29 (8 days): +670 pips (+44%).

PS:
I have a day job and trade in the office via Remote Desktop on my hosted Virtual Server. So I think the result could have been much better if I had more time to look on the screens.

Happy pippin',
Olarion

  • #4,691
  • Mar 9, 2012 12:37pm Mar 9, 2012 12:37pm
Olarion,
A heads up when you open the trade would certainly be appreciated by us bobos ....if you have the time and patience. Thanks.
  • #4,692
  • Mar 9, 2012 12:51pm Mar 9, 2012 12:51pm
Quoting faxxion
Normtold,

I had the same issues with my GMT setting. I'm just curious, how tight are your stops? I generally use about 30 pips.

William
William - I just do not understand why it does or does not make a difference what GMT setting we use. The reason for my lack of understanding stems from the fact that we all have the same price at the same time no matter what time it is at any location on the planet. If that is true then what does it matter if I use GMT pivots or GMT-5 Pivots? Why not just everyone set it to GMT +2 to match Al's pivots? We would all really be on the same page then - right or incorrect?
  • #4,693
  • Mar 9, 2012 12:56pm Mar 9, 2012 12:56pm
Quoting domino01
Olarion,
A heads up when you open the trade would certainly be appreciated by us bobos ....if you have the time and patience. Thanks.
Hello Olarion,

That's funny. I believe "Bobo" is contagious. I had it yesterday.

William
may you find what you seek and trade what you find
  • #4,694
  • Mar 9, 2012 12:57pm Mar 9, 2012 12:57pm
Quoting Olarion1975
Thank you, Exciter. Sure, I gladly will help all people who are struggling, let me know how I can help you.
Having said that, I traded exactly as Al has pointed out the rules in post 1 with some help of the dashboard. I must say that I do not use the EA's but enter and exit manually. Today I traded the following pairs:

M15 time frame

  1. AUD/USD +19
  2. EUR/AUD +9
  3. EUR/GBP +10
  4. EUR/JPY +54
  5. USD/CAD +1
  6. USD/CHF +27

M5 time frame

  1. AUS/USD +15
  2. GBP/USD +38
  3. USD/CAD +7

Overall...

Weldone its nice to meet an old freind doing so good.
Many green pips to you.
Peter
  • #4,695
  • Mar 9, 2012 12:58pm Mar 9, 2012 12:58pm
Quoting domino01
Olarion,
A heads up when you open the trade would certainly be appreciated by us bobos ....if you have the time and patience. Thanks.
Sorry, I am not going to become a trading signal service.
Due to my day job I hardly can manage my own trades, far less can give any heads up.

The awesome dashboard indicator from Carl (crodzilla) itself will give you every information you need. The trading system Al has presented to all of us is free, and its up to you to put in the time to see if the system will benefit you.

My advice for all "bobos" (newbies) would be to read this thread (at least once, better twice) from beginning to end and I will promise your results will getting better. Keep particular importance on Al's posts.

Nice weekend to all traders outside,
Olarion
  • #4,696
  • Mar 9, 2012 1:01pm Mar 9, 2012 1:01pm
Quoting fratelli
Weldone its nice to meet an old freind doing so good.
Many green pips to you.
Peter
Thank you, Peter.
Nice to hear from you. Hope you keep baggin' pips also.

Greetings from Germany,
Olarion
  • #4,697
  • Mar 9, 2012 1:15pm Mar 9, 2012 1:15pm
Olarion,
My post was not a request for you to become a trading service... just a simple post when you feel like it. Posting your trades at the end of the trading day is in no way instructive. My humble opinion
  • #4,698
  • Mar 9, 2012 1:25pm Mar 9, 2012 1:25pm
Quoting tomthepoppop
William - I just do not understand why it does or does not make a difference what GMT setting we use. The reason for my lack of understanding stems from the fact that we all have the same price at the same time no matter what time it is at any location on the planet. If that is true then what does it matter if I use GMT pivots or GMT-5 Pivots? Why not just everyone set it to GMT +2 to match Al's pivots? We would all really be on the same page then - right or incorrect?
Hello Tom,

It is good to hear from you again. GMT stands for Greenwich Mean Time. (http://en.wikipedia.org/wiki/Greenwich_Mean_Time) Since most of us are in various parts of the world, we are on different time zones. Therefore, we must have a standard time to calculate pivots points. Pivot points (http://en.wikipedia.org/wiki/Pivot_point) are simply the sum total of the daily high price + the daily low price + the daily closing price divided by 3 to give us an average. That average is the pivot point. We call it the FPV because we are using Fibonacci (the "F" in FPV) numbers to calculate resistance levels (R1, R2, R3, R4) and support levels (S1, S2, S3, S4). If we all use different times for the close of the market, we will all have different closing prices and, as a result, different pivot values/pivot points. We want to be looking at the same pivot point that most professional traders use. That is London time GMT 0. However, if our broker is in New York, the eastern United States is GMT -5. Therefore if we want our pivots to line up with London, we have to adjust according to our broker hours. Alfredo works with a broker 2 hours ahead of GMT, so his setting is 2. My primary broker is in London, so my offset is 0, because it needs no offset from GMT. I have another broker in New York that is GMT -5. If these are all set properly, we will all be looking at the same pivots.

I hope this helps. Let me know if you need anything else.

Your Friend,

William
may you find what you seek and trade what you find
  • #4,699
  • Edited 1:46pm Mar 9, 2012 1:28pm | Edited 1:46pm
Quoting faxxion
Hello Tom,

[color=black][font=Verdana]It is good to hear from you again. GMT stands for Greenwich Mean Time. (http://en.wikipedia.org/wiki/Greenwich_Mean_Time) Since most of us are in various parts of the world, we are on different time zones. Therefore, we must have a standard time to calculate pivots points. Pivot points (http://en.wikipedia.org/wiki/Pivot_point)...
William - Thanks for the answer. Detailed and complete in every way. I appreciate you friend. Tom

Edit: I called FXCM because I have their MT4 platform (Demo) as well as their Trading Station II (Real) platform.
They said their MT4 platform is GMT-0 so I am assuming that is what I should use even though I am Eastern Standard Time in the US.
  • #4,700
  • Mar 9, 2012 1:44pm Mar 9, 2012 1:44pm
Ever E Man, thank-you for writing that long and detailed post.There really are a lot of things to consider before entering a trade that I had no idea about before.There is a lot of information in your post, I have saved it so that I can read it again and again.It just shows we are all at very different levels of competency here in this thread, many are confident in their knowledge and ability but many are well down on the ladder to success.
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