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Extreme TMA System

  • #5,461
  • Mar 15, 2012 8:56am Mar 15, 2012 8:56am
Quoting Alorente
After what the Finance Minister of Japan said today? You have some balls. Maybe youŽll get a bounce to the center line.
That's why the USDJPY scares me. I witnessed some evil BOJ spikes (thankfully on demo). Mind you, none as bad as the EURCHF last year. That was like watching a really good fireworks show!

PB
  • #5,462
  • Mar 15, 2012 8:57am Mar 15, 2012 8:57am
Quoting stevewide
Thanks Al; Too bad for me that I still don't understand how 2 indy's expected to read identical when on the 4h TF have different outer bands. You've tried to help me...I accept that for now till I can study this more.
thanks once again, Steve
Also puzzled by this. The settings must be different or am I going insane?

PB
  • #5,463
  • Mar 15, 2012 8:58am Mar 15, 2012 8:58am
Quoting pixelboy
That's why the USDJPY scares me. I witnessed some evil BOJ spikes (thankfully on demo). Mind you, none as bad as the EURCHF last year. That was like watching a really good fireworks show!

PB
If you look at my posts from last fall, youŽll see that I predicted this move with charts and TA backing it up. I see the move to 120 and IŽll be riding it all the way back. In and out, of course.
Observation is the path to discovery.
  • #5,464
  • Mar 15, 2012 9:05am Mar 15, 2012 9:05am
Quoting Alorente
After what the Finance Minister of Japan said today? You have some balls. Maybe youŽll get a bounce to the center line.

Hhahaha!

Thanks for the info!

L.
  • #5,465
  • Edited 9:09am Mar 15, 2012 9:08am | Edited 9:09am
Quoting stevewide
Thanks Al; Too bad for me that I still don't understand how 2 indy's expected to read identical when on the 4h TF have different outer bands. You've tried to help me...I accept that for now till I can study this more.
thanks once again, Steve

Steve I felt the same way and asked the same question (I think) just a bit differently. Read Al's response to my recent question re longer TFs and I think you'll have your answer. In a nut shell just adjust the ATR Multiplier to 3 on your Longer TF and then it will match the Longer TF bands that you see on the smaller TF Charts.

I hope this helps and better answers your question.

Robert
  • #5,466
  • Mar 15, 2012 9:19am Mar 15, 2012 9:19am
Quoting Surfnomad
Steve I felt the same way and asked the same question (I think) just a bit differently. Read Al's response to my recent question re longer TFs and I think you'll have your answer. In a nut shell just adjust the ATR Multiplier to 3 on your Longer TF and then it will match the Longer TF bands that you see on the smaller TF Charts.

I hope this helps and better answers your question.

Robert
Thanks Al and Robert...case closed...my mistake. I didn't right click on the bands correctly to see the ATR settiings...now realize one is set to ATR=2 and other set to ATR=3 which explains why they are different when looking at 4h chart...whew...that should have been easy. Steve
  • #5,467
  • Mar 15, 2012 9:27am Mar 15, 2012 9:27am
Quoting stevewide
Thanks Al and Robert...case closed...my mistake. I didn't right click on the bands correctly to see the ATR settiings...now realize one is set to ATR=2 and other set to ATR=3 which explains why they are different when looking at 4h chart...whew...that should have been easy. Steve
Hey no worries I was racking my brains too.

Hopefully that answers Pixelboy's question too.
  • #5,468
  • Mar 15, 2012 9:32am Mar 15, 2012 9:32am
Look at this H1 chart, TMA slope indicator predicted the Eur/Chf rally a day and a half before it happened, or is it because it repainted?
Attached Image (click to enlarge)
Click to Enlarge Name: clairvoyant.gif Size: 34 KB
  • #5,469
  • Mar 15, 2012 9:34am Mar 15, 2012 9:34am
Quoting Alorente
On the longer time frames, change the ATR Multiplier until it pretty much touches all the swings from the lower TF chart. This is just to give you a reference to the typical amplitude of the cycles in that TF. Whether it is 3 or 2.7, it makes no difference. Just fit it to the TF and the pair.
So, what you are saying is, if I add parameters to select the TMA ATR multiplier for each timeframe, we can set up the dashboard to find those potential trades automatically?

So when you see all GREEN Buys or all RED Sells for the 15-min, 60-min and 4-Hr timeframes...

Carl
  • #5,470
  • Mar 15, 2012 9:35am Mar 15, 2012 9:35am
Hello guys and dolls

I've been looking at D1 trading... you talked about spikes.....USDJPY.... look at those huge spikes on D1 chart when you zoom out...round about this time last year.....imagine riding that back in on a long.

It looks very attractive when the D1 swings between bands with hundreds of pips involved in a couple of days with just one trade per pair.

But I guess it needs a special skill to trade those upper TF's....must be a blast to be able to handle a handful of D1 trades on a regular basis...!
I would like to know more how to do this...ideal for a dayjobber .... and it most probably goes with huge drawdowns as well... 1st to learn recovery.

My shorter TF trades are doing great so far this week..18 trades..... no loss.
Thanks Al and all.
  • #5,471
  • Mar 15, 2012 9:38am Mar 15, 2012 9:38am
AUDCAD setting up against R2, 15Mand 1H TMA. Short.
may you find what you seek and trade what you find
  • #5,472
  • Mar 15, 2012 9:43am Mar 15, 2012 9:43am
Have been having some outstanding results trading on the 1 HR tf or am I dreaming? Try it. It works like magic!!!
  • #5,473
  • Mar 15, 2012 9:44am Mar 15, 2012 9:44am
felicidades Alorente.

vaya monstruo has creado!

MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #5,474
  • Mar 15, 2012 9:47am Mar 15, 2012 9:47am
I really wonder that there any Traders out there that trade far more than 3-5 hours a day .
I have heard that the PRO'S mostly trade around 3-4 hours a day because of the high concentration level and the exhaustion that follow after the trade-session.
Any thoughts about this is appreciated.
Thanks

http://www.forexfactory.com/images/m...ading_dark.gif

  • #5,475
  • Mar 15, 2012 9:52am Mar 15, 2012 9:52am
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).
beto,

Could you tell me what indicator you use to show the mini candlestick charts on the right? Thanks!
  • #5,476
  • Mar 15, 2012 9:57am Mar 15, 2012 9:57am
Quoting stevewide
Thanks Al and Robert...case closed...my mistake. I didn't right click on the bands correctly to see the ATR settiings...now realize one is set to ATR=2 and other set to ATR=3 which explains why they are different when looking at 4h chart...whew...that should have been easy. Steve
Damn. Me too, sorry.

BTW Steve, love your avatar. Is that a Doberman or Manchester Terrier?

PB
  • #5,477
  • Mar 15, 2012 10:03am Mar 15, 2012 10:03am
Quoting pixelboy
Damn. Me too, sorry.

BTW Steve, love your avatar. Is that a Doberman or Manchester Terrier?

PB
Its a eight year old 15 pound minature pincher...
  • #5,478
  • Mar 15, 2012 10:05am Mar 15, 2012 10:05am
Quoting interbucks
Hello guys and dolls

I've been looking at D1 trading... you talked about spikes.....USDJPY.... look at those huge spikes on D1 chart when you zoom out...round about this time last year.....imagine riding that back in on a long.

It looks very attractive when the D1 swings between bands with hundreds of pips involved in a couple of days with just one trade per pair.

But I guess it needs a special skill to trade those upper TF's....must be a blast to be able to handle a handful of D1 trades on a regular basis...!
I would like to know more...
18 winners...well done!

The draw down shouldn't be any different on the higher time frames if you're setting your trade size appropriately. You just need to work out the relative difference in movement per bar and alter your position size. I think the only difference between time frames should be the speed of entry and exit. I.e. fewer trades, but more time to analyse and most likely more predictable movements. I imagine recovery mode could be glacial!

PB
  • #5,479
  • Mar 15, 2012 10:10am Mar 15, 2012 10:10am
Quoting Alorente
After what the Finance Minister of Japan said today? You have some balls. Maybe youŽll get a bounce to the center line.
Hola My Friend,

I saw what Shirakawa said yesterday. Is there something more recent? I must have missed it.

William
may you find what you seek and trade what you find
  • #5,480
  • Mar 15, 2012 10:10am Mar 15, 2012 10:10am
Quoting stevewide
Its a eight year old 15 pound minature pincher...
Very nice. I may be inspired to change to a picture of my Whippet :-)

PB
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