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Extreme TMA System

  • #4,801
  • Mar 11, 2012 7:41am Mar 11, 2012 7:41am
Quoting corvogrigio
Well guys, I think the best answer to all of this is NO ANSWER. The less we talk about them, the less they can shoot their target. Just my opinion. But I hope all of you will share it.

  • #4,802
  • Mar 11, 2012 7:41am Mar 11, 2012 7:41am
Great job thank you very much to all of you!

I will follow this system from tomorrow!
  • #4,803
  • Mar 11, 2012 7:50am Mar 11, 2012 7:50am
lologo, Looks like you did a fantastic job everybody loves it. Too bad I can't access the website from here ( so are youtube, facebook etc.). Just send you a PM with my email address. Please send me a copy. Thanks. flaw
Wishing my last name were LESS
  • #4,804
  • Mar 11, 2012 8:05am Mar 11, 2012 8:05am
Quoting Alorente
I always place real trades. The key is to only play with money you can afford to lose. Thatīs when you donīt lose it and make more, because you are relaxed about it. Years ago when the money was tighter or when I always used bigger lots than I should have, I was always tense during a trade. That tension made me make many mistakes and those inevitably cost me money. I would exit early or enter early or late, or the worst of all turn a nice profit into a loss because of greed. Its a vicious circle. If you need the money, you will end up losing it....
Although I have this concept very well carved and printend in my mind, still I find it difficult sometimes to apply it. This is the best piece of advice I've ever read on FF and it shows clearly that you know what you do and that you have a complete control of the psycho aspects of trading, not to mention greediness and related aspects. You should place this concept on page one with 100 size fonts!!
Thanks Al, you are the man!
Best of luck!
Max
  • #4,805
  • Mar 11, 2012 8:59am Mar 11, 2012 8:59am
Is the TMA 1m indicator out as AL mentioned long ago. If the indicator is out please give me the link
  • #4,806
  • Mar 11, 2012 9:05am Mar 11, 2012 9:05am
Quoting dorellino
Although I have this concept very well carved and printend in my mind, still I find it difficult sometimes to apply it. This is the best piece of advice I've ever read on FF and it shows clearly that you know what you do and that you have a complete control of the psycho aspects of trading, not to mention greediness and related aspects. You should place this concept on page one with 100 size fonts!!
Thanks Al, you are the man!
Best of luck!
Max
I said in a PM to one of the participants this forum some days ago :

"...I ve been reading and following threads in ForexFactory since 5 years....BUT THIS IS FIRST TIME I HAD THE PERCEPTION TO STAY IN FRONT OF A REAL TRADER REALLY WILLING TO TRANSFER HIS KNOWLEDGE TO OTHERS....".

He/she could testify eventually

By the way I'm a teacher , I do this job for a living since 25 years, and I have the arrogance (i hope you all will forgive me 4 this) that I can easily spot when I meet a "colleague" or a fake.

Well , just my 2 cents, as it ' s usual to say.....
  • #4,807
  • Edited 1:39pm Mar 11, 2012 9:31am | Edited 1:39pm
Hmmm
Tracking the Specialists.
  • #4,808
  • Edited 9:51am Mar 11, 2012 9:36am | Edited 9:51am
Quoting faxxion
[color=black][font=Verdana]zznbrm,

I believe that I read into it exactly what your pious comments intended. You only have to look as far as the thread you referenced. It was started yesterday with an obvious bias against this thread. Time and again, in the first three pages, this thread was referenced in veiled innuendo. Say what you will from this time forward. I am not going respond to you any further. Frankly, you are not worth my time.

William...
I have no idea what was in the mind of the guy who created that thread. It is probable he used this thread as a "blueprint" for some of the steps. But it is still very accurate of the lifetime of many threads. And it is funny. All I can say is lighten up a little bit...get over it...and show the world this is the greatest strategy ever.

Don't worry, I won't post on this thread again. This is clearly not my thread and the OP can run it any way he wants. But I will part with these words:

You guys need to get your head in the game here, especially you new traders. You spend so much time on the indicators and how to set your pivots to the correct timezone offset. Those aren't even the most important parts of the system. All you are doing here is trying to pick reversal points - scalping a few pips when the reversals are small, but trying to capture big pips when the reversals are stronger. You could use an MA or stoch or bbands or any number of other indicators to do the same thing as the TMA and TMA Slope. The TMA is not a magic indicator. The sooner you realize that, the sooner you will get to what really "brings home the bacon" with this strategy.

You should be working on understanding the intangibles of the system - the rules outside of the rules if you will:

Do you take every signal?
What reasons would keep you out of by-the-rules entries?
Where is the best place to exit?
How can you identify when price has stalled?
How can you identify when price has reversed?
How are going to handle recovery when your trade goes immediately against you?
How are we going to handle your stop loss?

How do you get that done? Well it's easy:

During the trading week, you post (live) screenshots of your entries with explanations why the trades were taken. You discuss exit strategies. You get rid of the "Thank you" posts, and the "You are the greatest" posts, and the "Try this indicator" posts, and the "What timezone" posts, and the "Guess what they said about us" posts, and actually discuss the trading. Forex trading is not for the timid and the naive. It will destroy your account quicker than you can say "What just happened?".

The weekends are a great time to review the past - look at the trades of the past week, look at times in history when the strategy might have suffered some losses. Your recovery process is going to be very, very important. Weekends are a great time to discuss this with other traders. Pick the brains of the experienced traders. Get a simulator and enter some trades that you know will go against you. Practice your recovery routine until it is second nature. Post screenshots of the past problem areas and discuss with each other the best way to get out of it in one piece.

Yes, I know this thread/strategy is still in its infancy. But, as that other thread has alluded to, it is starting out just like so many of the others. I'm sure everyone here does not want it to end like the others, right?

And stop being so damn sensitive. It's the World Wide Web for crying-out-loud...there's always going to be someone who says something you don't agree with or don't like.

Yesterday's posts have been deleted as they are clearly off-topic. Good luck with your strategy.
  • #4,809
  • Mar 11, 2012 9:50am Mar 11, 2012 9:50am
Hello guys. Sorry for my absence from the thread for the last 2 days. I had a personal emergency that required my full attention, Having taken care of it I am back to catch up on your messages now and answer the questions you have posed.
Observation is the path to discovery.
  • #4,810
  • Mar 11, 2012 9:55am Mar 11, 2012 9:55am
Quoting Zokynho
hy le celte,

I am using renko 2 brick but still testing it has many opportunities just on 1 pair (eur/usd).

I am looking for 5 pips or middle band to take profit (conservative).you have to concentrate because sometimes it move very fast.
Next week I will test it and post result.

big advantege using renko is that you dont have to move on another tf to see trend and have better and cleaner entries.

Al have you tried using renko?
what do you think?



regards

here is nice indy for renko
I have tried Renko extensively and I do not see that it gives you any advantage. I feel time is an essential component of the cyclical aspect of how markets move. If you remove time, you are removing cycles from your analysis.
Observation is the path to discovery.
  • #4,811
  • Mar 11, 2012 9:56am Mar 11, 2012 9:56am
Quoting bcarbon
Hi Al,
this is my report on the dash. I had 12 trades yesterday, all positive ones . All of the trades were on 5MTF and since it was ranging at the time I enter some of the trades, I went the 15 MTF direction. In some trades, I had some draw down. However, price did quickly turn back in my direction. I only traded the EuroUSD. I had a blast. All these positive trades, really bust your confidence. Even if it is only demo trading..
Big thank you to you and Carl.
Iīm glad, friend. Keep it up.
Observation is the path to discovery.
  • #4,812
  • Mar 11, 2012 9:59am Mar 11, 2012 9:59am
Quoting FXDawg
Al,
I believe you said a round number would be considered the same as support/resistance. Correct?

Thanks
Yes. I added a grid builder in the packet.zip file. Change the input to 1000 and it will draw lines at round numbers. You can view those lines as s/r lines.
Observation is the path to discovery.
  • #4,813
  • Mar 11, 2012 10:08am Mar 11, 2012 10:08am
Quoting shahrooz67
Hi Al

Can you explain this more ?!

It can be a good EA!!!!!
Iīm sorry, Shah. I donīt know how I can explain it more clearly. Ask me a question if you donīt understand.
Observation is the path to discovery.
  • #4,814
  • Mar 11, 2012 10:13am Mar 11, 2012 10:13am
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!
Well, you are become a pro very quickly. Above 10% in one day is an outstanding accomplishment.
Observation is the path to discovery.
  • #4,815
  • Edited 10:39am Mar 11, 2012 10:18am | Edited 10:39am
Quoting zznbrm
I have no idea what was in the mind of the guy who created that thread. It is probable he used this thread as a "blueprint" for some of the steps. But it is still very accurate of the lifetime of many threads. And it is funny. All I can say is lighten up a little bit...get over it...and show the world this is the greatest strategy ever.

Don't worry, I won't post on this thread again. This is clearly not my thread and the OP can run it any way he wants. But I will part with these words:

You guys need to get your head in the game here, especially...
I liked your posts and your contributions to this thread zznbrm. Thanks for your input.

edit: Deleting your posts was lame. You can't delete the past.
  • #4,816
  • Mar 11, 2012 10:22am Mar 11, 2012 10:22am
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?
It is important to me psychologically to start the day off with a win. To me a win implies a closed trade. With this system you are guaranteed to begin with a win in your pocket. It is true that your other position will have accumulated a drawdown, but it is not closed yet and you can recover pretty easily by getting price to center line once again.
Observation is the path to discovery.
  • #4,817
  • Mar 11, 2012 10:32am Mar 11, 2012 10:32am
Quoting beto21_cwb
I'm sorry if this post is a bit off topic, but I found something interesting and I'd like to share it with you all.

I have always been skeptical about Fibonacci "magic" stuff, but as Al showed us how important the Fibonacci Pivot Points are, I decided to analyze how Fibonacci retracement was "behaving" in some charts.

And, to my surprise, the very first one, was interesting. Please, see the attached chart of EUR/USD H1.

I'm amazed of how PA "obeys" Fibonacci retracement levels. Maybe that's just a coincidence, or maybe the big guys do watch...
Ignore Fibonacci retracement levels at your own risk...Unless you want to give the big boys a huge advantage. They follow Fib numbers religiously.
Observation is the path to discovery.
  • #4,818
  • Mar 11, 2012 10:33am Mar 11, 2012 10:33am
Quoting lologo
Hello,

for all who want to have a single document containing Extreme TMA System instructions, I designed this PDF (in Spanish and English).

I hope you enjoy it and that it will be useful.

Lorenzo

_______________________

http://dl.dropbox.com/u/24076989/Ext...%20ENGLISH.pdf

http://dl.dropbox.com/u/24076989/Ext...%20ESPANOL.pdf
Hello Lorenzo,

First, I love your name "Lorenzo".
Great Job and beautiful presentation.

Thank you so much!
If I Change, the whole World changes!
  • #4,819
  • Mar 11, 2012 10:42am Mar 11, 2012 10:42am
Quoting hamburglar
Alorente(or anyone), has the system changed....i downloaded your packet.zip and the tma is no longer on any of the charts! has the strategy changed to ma crossover? thanks
The TMA is on the charts. It now has two white outer bands and a Green/Red/White center line.
Observation is the path to discovery.
  • #4,820
  • Mar 11, 2012 10:46am Mar 11, 2012 10:46am
Quoting faxxion
Hola Alfredo,

Your opinion on the pivot points that most "professionals" use would be much appreciated. I have also understood in the past that most professionals use the NY close instead of a flat GMT. What do you think? Is GMT 0 the best calculation, in your opinion, and why?

Thank you for your kind consideration.

William
Hi William, From my conversation with Forex pros and articles regarding the matter I am convinced that London dominates Forex. Most big players use GMT for their time frame. You can see how accurate those lines are in the daily trading when set to GMT. If it ainīt broke, donīt fix it.
Observation is the path to discovery.
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