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Extreme TMA System

  • #4,961
  • Mar 12, 2012 8:25am Mar 12, 2012 8:25am
Quoting faxxion
EURAUD bouncing off R2, waiting for red HA.
.51, so I guess technically against the rules. Still tempting...
may you find what you seek and trade what you find
  • #4,962
  • Mar 12, 2012 8:25am Mar 12, 2012 8:25am
Quoting normtold
William do you just wait for a red HA or also wait for a red bar on the MA crossover histogram for confirmation?
You donīt need to wait because you are hitting R2. Waiting for MA cross will lose you quite a few pips. On M15 it is Buy Only, but on Hi is sideways.
Observation is the path to discovery.
  • #4,963
  • Mar 12, 2012 8:27am Mar 12, 2012 8:27am
Quoting normtold
William do you just wait for a red HA or also wait for a red bar on the MA crossover histogram for confirmation?
Hello Norm,

For me, just a red HA. I am not using the histogram.

William
may you find what you seek and trade what you find
  • #4,964
  • Mar 12, 2012 8:27am Mar 12, 2012 8:27am
Does anyone trade this method on Renko charts?
  • #4,965
  • Mar 12, 2012 8:28am Mar 12, 2012 8:28am
Quoting Alorente
You canīt 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.
You can backward test this with a simulator that uses the strategy tester. This is the one I use. http://www.forexfactory.com/showthread.php?t=70742
  • #4,966
  • Mar 12, 2012 8:33am Mar 12, 2012 8:33am
Quoting Alorente
EurAud is a dream short on the H1 Time Frame.

i am short with eu/gb , euro/aud, and us/cad all in profit till now and i bought gbp/jpy wich is in profit...very very happy...but still confused coz am just follwing the outer bands, on M15 other wise slope is not showing me the right signal.. i think i have not understood the rules peoperly ..confused about the Tma slope...
should i follow H1..for better tma slope indication...or am i not understanding the indication correctly...
thanx AL... its great
  • #4,967
  • Mar 12, 2012 8:57am Mar 12, 2012 8:57am
is there any one short EURGBP?
  • #4,968
  • Mar 12, 2012 8:59am Mar 12, 2012 8:59am
William :

I follow EUR/AUD, Let's see it go south later ~

SCOTT /
  • #4,969
  • Mar 12, 2012 9:08am Mar 12, 2012 9:08am
Quoting scott-ibm
William :

I follow EUR/AUD, Let's see it go south later ~

SCOTT /
Hello Scott,

As I said, it technically breaks the rules, so be careful.

William
may you find what you seek and trade what you find
  • #4,970
  • Mar 12, 2012 9:08am Mar 12, 2012 9:08am
Quoting ash_k
i am short with eu/gb , euro/aud, and us/cad all in profit till now and i bought gbp/jpy wich is in profit...very very happy...but still confused coz am just follwing the outer bands, on M15 other wise slope is not showing me the right signal.. i think i have not understood the rules peoperly ..confused about the Tma slope...
should i follow H1..for better tma slope indication...or am i not understanding the indication correctly...
thanx AL... its great
Until you master the system, you should slow down to Hi. When you get to the point where you are totally bored with H1, you move to M15.
Right now I am trading M15 with 18 pairs. I donīt think you can trade M5 with more than 9 pairs efficiently. Iīm doing smaller lots with a lot more positions for diversification right now. I donīt trust this market right now and I rather be diversified.
Observation is the path to discovery.
  • #4,971
  • Mar 12, 2012 9:09am Mar 12, 2012 9:09am
Quoting Alorente
Guys, support/resistance lines at pivot points are zones, bands where price tends to bounce or encounter a tougher time advancing. It is not that important to pinpoint exactly where the center of those bands are.
That is what I was saying. But the pivot zones used here have been from Fibonnaci pivots based on daily GMT 0 based candles. There are pages of posts with everyone getting on the same page. This is not even alluded to on the first page so the questions from newcomers will never end.
  • #4,972
  • Mar 12, 2012 9:09am Mar 12, 2012 9:09am
short EURGBP, look like need patience ~
  • #4,973
  • Mar 12, 2012 9:17am Mar 12, 2012 9:17am
laying in the bushes waiting to ambush 0.8400 round number...
  • #4,974
  • Mar 12, 2012 9:43am Mar 12, 2012 9:43am
Sold USDCAD. Was long since FPV.
may you find what you seek and trade what you find
  • #4,975
  • Mar 12, 2012 9:46am Mar 12, 2012 9:46am
Quoting faxxion
Sold USDCAD. Was long since FPV.
Why didnt you take the R1 trade?
  • #4,976
  • Mar 12, 2012 9:46am Mar 12, 2012 9:46am
Quoting normtold
William do you just wait for a red HA or also wait for a red bar on the MA crossover histogram for confirmation?
Hello Norm,

If you are waiting for a MA cross, you are about to get it.

William
may you find what you seek and trade what you find
  • #4,977
  • Mar 12, 2012 9:48am Mar 12, 2012 9:48am
Quoting JoaoOliveira
Why didnt you take the R1 trade?
The othe USD pairs were still rising, so I used a trailing stop and stayed in the trade.
may you find what you seek and trade what you find
  • #4,978
  • Mar 12, 2012 9:50am Mar 12, 2012 9:50am
Quoting Alberto_Jazz
Does anyone trade this method on Renko charts?
only in demo.

I use renko for confirmation
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  • #4,979
  • Mar 12, 2012 9:50am Mar 12, 2012 9:50am
Quoting faxxion
Hello Norm,

If you are waiting for a MA cross, you are about to get it.

William
Hi William,

Yes I see HA turned red blue just about to cross red so will get a red on histogram soon but TMA slope is at 0.61 indicating a buy only.

Maybe I will wait for H1.
  • #4,980
  • Mar 12, 2012 9:54am Mar 12, 2012 9:54am
Quoting Alpiberi
Hi William,

Yes I see HA turned red blue just about to cross red so will get a red on histogram soon but TMA slope is at 0.61 indicating a buy only.

Maybe I will wait for H1.
You are right. I have said a couple of times that the trade is technically against the trend. Who knows, I may pay a price for this one, but even the 1H seems over extended. Time will tell.

William
may you find what you seek and trade what you find
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