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Extreme TMA System

  • #4,941
  • Mar 12, 2012 7:17am Mar 12, 2012 7:17am
Quoting bfis108137
Sorry for not posting to the thread that much. Anyways I see a lot of people posting profitable trades today. However Al as I remember you said (and I confirmed this in simulator) that the high percentage trades are when price pulls really far away from TMA and then comes back. When it is just bouncing back and forth I found is where the most losses come in. Not to mention that the r/r is worse since usually the other side is not that far away. Have you seen any such trades today? I have not so I am 0/0. That's undefeated lol.
Actually it looks like GBPUSD could be shaping up such a trade.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 28 KB
  • #4,942
  • Mar 12, 2012 7:19am Mar 12, 2012 7:19am
Quoting tomthepoppop
I am also short EG
Me too.
  • #4,943
  • Mar 12, 2012 7:36am Mar 12, 2012 7:36am
Quoting faxxion
EURGBP short
its has crossed the outer band..yes but on slope it says 0.23 and the bars are also the slope value is not falling...sorry but am just reading since monring and setting up and learning all about it...can u just follow the outer band movement...
thanx
  • #4,944
  • Mar 12, 2012 7:37am Mar 12, 2012 7:37am
Quoting faxxion
EURGBP short
Good short, William.
Observation is the path to discovery.
  • #4,945
  • Mar 12, 2012 7:39am Mar 12, 2012 7:39am
Quoting bfis108137
Actually it looks like GBPUSD could be shaping up such a trade.
Yes. Good trade.
Observation is the path to discovery.
  • #4,946
  • Mar 12, 2012 7:44am Mar 12, 2012 7:44am
Quoting Alorente
We will soon be working on voice alerts for all the indicators.
Thanks Al, that will be nice.
But it will also be nice to be alerted on your cell phone if you are not near your computer or occupied with work (dayjob), etc, whenever there is a crossing of slope going higher than 0.5 or going lower than -0.5.
One can then quickly attend to it and place a trade you otherwise could have missed.
It will be very much appreciated if the programmer gurus can look into this.
Thank you!
  • #4,947
  • Mar 12, 2012 7:48am Mar 12, 2012 7:48am
Al, if i read the posted pdf right,you scalp 5 min based on the tma slope?Why cant this work on bigger timeframes?
  • #4,948
  • Mar 12, 2012 7:57am Mar 12, 2012 7:57am
Quoting eremix
Al, if i read the posted pdf right,you scalp 5 min based on the tma slope?Why cant this work on bigger timeframes?
It works on bigger time frames also. It´s just that with M5 it seems you make a few more pips. M15, H1, h4 and D1, look good also with this system.
Observation is the path to discovery.
  • #4,949
  • Mar 12, 2012 8:05am Mar 12, 2012 8:05am
I am now long GU. Let's hope it goes well.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 28 KB
  • #4,950
  • Mar 12, 2012 8:09am Mar 12, 2012 8:09am
Big Al, sounds good short on usdcad right now? 5M and 15M

L.
  • #4,951
  • Mar 12, 2012 8:10am Mar 12, 2012 8:10am
Quoting jaau
Big Al, sounds good short on usdcad right now? 5M and 15M

L.
I´m short already at .9933
Observation is the path to discovery.
  • #4,952
  • Mar 12, 2012 8:11am Mar 12, 2012 8:11am
I think sell on eur/cad from the fpv is a good place
  • #4,953
  • Mar 12, 2012 8:11am Mar 12, 2012 8:11am
Quoting Alorente
I´m short already at .9933
  • #4,954
  • Mar 12, 2012 8:12am Mar 12, 2012 8:12am
Quoting Alorente
It works on bigger time frames also. It´s just that with M5 it seems you make a few more pips. M15, H1, h4 and D1, look good also with this system.
yeah i tested it and it seems that it can work.and it can become very easily automated.Isn't it too easy and too good to be true?What are its disadvantages and its traps?I mean why should we even bother looking at the price if we can just look at the tma slope and be profitable.i dont understand.
  • #4,955
  • Mar 12, 2012 8:12am Mar 12, 2012 8:12am
Quoting chrys
I think sell on eur/cad from the fpv is a good place
Yes. Very good.
Observation is the path to discovery.
  • #4,956
  • Mar 12, 2012 8:14am Mar 12, 2012 8:14am
Quoting eremix
yeah i tested it and it seems that it can work.and it can become very easily automated.Isn't it too easy and too good to be true?What are its disadvantages and its traps?I mean why should we even bother looking at the price if we can just look at the tma slope and be profitable.i dont understand.
You can´t backward test this. We cannot know for sure until we forward test for a month or so with actual trades. But, yes. TMSSlope is an awesome indicator.
Observation is the path to discovery.
  • #4,957
  • Mar 12, 2012 8:18am Mar 12, 2012 8:18am
EURAUD bouncing off R2, waiting for red HA.
may you find what you seek and trade what you find
  • #4,958
  • Mar 12, 2012 8:21am Mar 12, 2012 8:21am
EurAud is a dream short on the H1 Time Frame.
Observation is the path to discovery.
  • #4,959
  • Mar 12, 2012 8:22am Mar 12, 2012 8:22am
Quoting faxxion
EURAUD bouncing off R2, waiting for red HA.
Good call William. On H1, if you have the patience, it could go for 100 pips.
Observation is the path to discovery.
  • #4,960
  • Mar 12, 2012 8:23am Mar 12, 2012 8:23am
Quoting faxxion
EURAUD bouncing off R2, waiting for red HA.
William do you just wait for a red HA or also wait for a red bar on the MA crossover histogram for confirmation?
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