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Extreme TMA System

  • #5,361
  • Mar 14, 2012 5:04pm Mar 14, 2012 5:04pm
Hi Al,

Earlier today I came across a situation in USDCHF M15, as follows,

TMA Center Line was green and pointing upward, the price trend was generally up, but:

1. TMA Slope = 0.43, below 0.5 (ranging) and pointing downward (Rule 1)
2. Price was above the upper band (Rule 2)
3. TMA Slope value was slowly declining, 0.43 to 0.40 (Rule 3)
4. Price touched R1 and bounced back toward Pivot (Rule 4)

As soon as the price was going down and crossing the upper band, I entered short. After a while, when the price was touching the TMA Center Line, I closed the trade and made 10 pips.

Now the question. Although I got 10 pips, did I somehow violate the 4-Rules because I entered the trade while TMA Center Line was still pointing upward (green). What is the significant of TMA Center Line in conjunction with TMA Slope in this kind of pullback situation?

Hope, you wouldn't mind to answer this post. Looking forward to hearing your comment. Thanks in advance...
To excel by continuous learning
  • #5,362
  • Mar 14, 2012 5:11pm Mar 14, 2012 5:11pm
Quoting Alorente
Now look at this one:

H1 outer bands. M5 TMA inside them. Look at current UsdJpy. It is above the H1 band. I just shorted UJ based on this primarily.
Very Interesting. Will be testing this in the simulator tonight. Ty Al & AG.

I'm liking the way the 5 inner is looking a tad better but ill test with 15 too.
USD Est Non Mortuus
  • #5,363
  • Mar 14, 2012 5:28pm Mar 14, 2012 5:28pm
Quoting PeepCzar
Hi Al,

Earlier today I came across a situation in USDCHF M15, as follows,

TMA Center Line was green and pointing upward, the price trend was generally up, but:

1. TMA Slope = 0.43, below 0.5 (ranging) and pointing downward (Rule 1)
2. Price was above the upper band (Rule 2)
3. TMA Slope value was slowly declining, 0.43 to 0.40 (Rule 3)
4. Price touched R1 and bounced back toward Pivot (Rule 4)

As soon as the price was going down and crossing the upper band, I entered short. After a while, when the price was touching the TMA Center Line, I closed...
No. As long as you were not above 0.50 the trade is valid. Also, TMA cannot be green if the slope value is under 0.50.
Observation is the path to discovery.
  • #5,364
  • Mar 14, 2012 5:29pm Mar 14, 2012 5:29pm
Quoting LuckyLurker
Very Interesting. Will be testing this in the simulator tonight. Ty Al & AG.

I'm liking the way the 5 inner is looking a tad better but ill test with 15 too.
Please, let us know how you do.

Thanks.
Observation is the path to discovery.
  • #5,365
  • Mar 14, 2012 5:31pm Mar 14, 2012 5:31pm
Quoting Olarion1975
I agree, excellent idea. But...haven't I suggested the overlay of a higher time frame TMA already two weeks ago on post #2961?
Correct, Olarion. Altoronto came up with the same concept and you brought it to our attention. Your name also will join our Hall of Fame and you get Vouched too. Congratulations.
Observation is the path to discovery.
  • #5,366
  • Edited 7:07pm Mar 14, 2012 6:06pm | Edited 7:07pm
Quoting Alorente
Tip:

If you want to know how close you are to an MA Cross (Color Change), install the MA Crossover Lines indi that I am enclosing. It clutters the chart a bit but you can see much more clearly as the cross approaches. I already changed the input on it to 10 so itīs ready for prime time. If you use your own, make sure you change the Period input to 10.
++++++++++++++++++++++++++++++++

I'm very impressed with what's going on here. Thanks Al and dozens of other brilliant minds.

I've been playing with this MA Crossover Indie. I've discovered it is Almost Identical to using a pair of 10 LWMA's set to "Median Price (HL/2)", and one of the LWMA's set to "Shift -10".

ooops! Below statement is not valid because the shift lags by 10
With only one difference, and that is the signal crossover happens one candle early.

sorry
Darryl

"Today, I would like to become the man my dog thinks I am." ~ Jack Thomson
  • #5,367
  • Mar 14, 2012 6:52pm Mar 14, 2012 6:52pm
Quoting Alorente
The Dollar Index seems to be stuck right on 81. I would look for a possible bounce on Usd crosses.
Do you get the USDX with fxpro, if so where do I find it?
Good Trading
  • #5,368
  • Mar 14, 2012 7:18pm Mar 14, 2012 7:18pm
Have you came across these threads?

http://www.forexfactory.com/showthread.php?t=332760 : Not so much the EA but the references.

http://www.forexfactory.com/showthread.php?t=291622 : There is a bucket load of indi here that would seem relevant to your thread but may or may not be useful.
Good Trading
  • #5,369
  • Mar 14, 2012 7:43pm Mar 14, 2012 7:43pm
Quoting Alorente
No. As long as you were not above 0.50 the trade is valid. Also, TMA cannot be green if the slope value is under 0.50.
TMA Slope Bar can't be green, it's true! But, the TMA Slope and TMA Center Line can be in the opposite directions, right? Isn't it what is called Divergence? Do we need to worry about the TMA Center Line's direction?

Please comment... Thanks, Al!
To excel by continuous learning
  • #5,370
  • Mar 14, 2012 9:38pm Mar 14, 2012 9:38pm
Quoting Alorente
Argonod, I am adding your name to the list of contributors to the system on Page 1. I am also vouching for you. Your observation of placing a longer TF TMA on the M15 or M5 charts is a touch of genius. Congratulations! You have made the Extreme TMA System even better. Thanks.
Thanks Al for the vouch and adding my name,
I still believe that we can have a better filter for the system. so you just made me to stay on the topic and focus more
will pm you about what is in my mind.
  • #5,371
  • Mar 14, 2012 9:53pm Mar 14, 2012 9:53pm
Quoting Paradox
This code is much nicer. I just don't see how it actually works. My broker is 0 GMT so it works for me but nothing really in here adjusts for the time zone of the feed so seems like it will be the same as what we have. Also it is not fibonacci but that is the easy part. Be interesting to see from someone with a none 0 GMT account if this works properly.
I guess I don't understand why you consider the broker time zone to be important. If your broker is 0GMT, and mine is -4GMT, the H1 candle is identical, so we can still get the same pivot values.

If we're using my preference - NY close - I will set mine to 17:00 (5pm NY time). When it's 5pm in NY, it's 9pm in London, so you would set yours to 21:00.
Luck occurs when preparation meets with opportunity.
  • #5,372
  • Mar 14, 2012 10:08pm Mar 14, 2012 10:08pm
Quoting Paradox
Here is a more colorful version (TMASlope 1.4 Normalised)
For evaluation, it would be nice to try one that worked of the TMATrue indi.
Good Trading
  • #5,373
  • Mar 15, 2012 12:52am Mar 15, 2012 12:52am
Was this MTF TMA trade okay to go short ? I shorted @ 109.579 when HA turned red.

Using a regular M15 TMA, along with an H1 TMA (dotted pink/light green), and testing Fibonacci R2, nice 94 pips from H1 band to band, both M15 and H1 have a ranging slope.

Gotta go to bed now, let's see how this turns out in the morning... +14 pips so far... I'll set my TP to FPV (+60 pips).

I'm taking another short at AUD/JPY, due to similar chart pattern (PA above M15 and H1 TMAs).
Attached Image (click to enlarge)
Click to Enlarge Name: MTF TMA.jpg Size: 154 KB
  • #5,374
  • Mar 15, 2012 2:39am Mar 15, 2012 2:39am
Quoting aud
Do you get the USDX with fxpro, if so where do I find it?
No. FxPro doesnīt have it. I follow it here:

http://www.forexpros.com/quotes/us-d...advanced-chart
Observation is the path to discovery.
  • #5,375
  • Mar 15, 2012 2:42am Mar 15, 2012 2:42am
Quoting PeepCzar
TMA Slope Bar can't be green, it's true! But, the TMA Slope and TMA Center Line can be in the opposite directions, right? Isn't it what is called Divergence? Do we need to worry about the TMA Center Line's direction?

Please comment... Thanks, Al!
Yes. The slope direction is what constitutes Rule 3. The slope of the centerline it self is not part of the rules.
Observation is the path to discovery.
  • #5,376
  • Mar 15, 2012 2:44am Mar 15, 2012 2:44am
Quoting Argonod
Thanks Al for the vouch and adding my name,
I still believe that we can have a better filter for the system. so you just made me to stay on the topic and focus more
will pm you about what is in my mind.
You are intelligent. Isnīt that in part what the art of recognition is about?

You deserve it and, yes, I do hope you continue to collaborate with us.
Observation is the path to discovery.
  • #5,377
  • Mar 15, 2012 2:44am Mar 15, 2012 2:44am
Morning big Al!

Lets make some pips.

L.
  • #5,378
  • Mar 15, 2012 2:46am Mar 15, 2012 2:46am
Quoting aud
For evaluation, it would be nice to try one that worked of the TMATrue indi.
Forget TrueTMA. It is pretty much useless. Iīve tried it from all the angles...

Besides, the current candle, which is the most important, is identical for both TMA and TrueTma.
Observation is the path to discovery.
  • #5,379
  • Mar 15, 2012 2:48am Mar 15, 2012 2:48am
Quoting beto21_cwb
Was this MTF TMA trade okay to go short ? I shorted @ 109.579 when HA turned red.

Using a regular M15 TMA, along with an H1 TMA (dotted pink/light green), and testing Fibonacci R2, nice 94 pips from H1 band to band, both M15 and H1 have a ranging slope.

Gotta go to bed now, let's see how this turns out in the morning... +14 pips so far... I'll set my TP to FPV (+60 pips).

I'm taking another short at AUD/JPY, due to similar chart pattern (PA above M15 and H1 TMAs).
Looks great to me...
Observation is the path to discovery.
  • #5,380
  • Mar 15, 2012 2:48am Mar 15, 2012 2:48am
Quoting jaau
Morning big Al!

Lets make some pips.

L.
Good Morning, jaau... Are you in Rio?
Observation is the path to discovery.
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