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Extreme TMA System

  • #5,601
  • Mar 16, 2012 4:08am Mar 16, 2012 4:08am
Quoting pixelboy
Thanks for the new optimiser. Great work again. I'll be giving it a go this morning.

PB
I spent hours on it last night. I think that is what gave me the migraine. The result vary a lot depending on how many candles you use. I tried 300, 1000, 5,000. The results were all over the place. After trying all the pairs, I settled for 1 template for High Atr pairs (Over 70) and another for Low Atr pairs (Under 70). This will be good enough for our purposes. I am attaching them below. These are the values we will use from now on.
Attached File(s)
File Type: tpl extreme tma system - high atr - large.tpl   31 KB | 868 downloads
File Type: tpl extreme tma system - low atr - large.tpl   31 KB | 771 downloads
File Type: tpl extreme tma system - high atr - small.tpl   27 KB | 759 downloads
File Type: tpl extreme tma system - low atr - small.tpl   28 KB | 773 downloads
Observation is the path to discovery.
  • #5,602
  • Mar 16, 2012 4:11am Mar 16, 2012 4:11am
Quoting pixelboy
Thanks Al - I thought that was the number you used due to your original stop positioning, but NB mentions much higher values in his documents (something like 150 to 250), so thought I'd better check!

PB
NB uses longer time frame charts for his trades, so logically his number will be much larger. He uses H4 and D1.
Observation is the path to discovery.
  • #5,603
  • Mar 16, 2012 4:12am Mar 16, 2012 4:12am
Al - how do you get rid of the warning message that comes up with THV4 indi ??
  • #5,604
  • Mar 16, 2012 4:15am Mar 16, 2012 4:15am
Quoting Alorente
Good Morning. As promised, I will give you an easy way to confirm your Extreme TMA entries with the THV4 system. Firstly, let me state that Heiken Ashi candles are much more important in H1 than M15. The longer the time frame you use, the more you can rely on HA candles.
I like it! Thanks again Al for the clear explanations and all the work you put into posting these charts and notes. I know how much time and effort it takes to sort all this stuff out and want you to know it is really appreciated. I honestly feel like I've learned more about trading on this thread than I did in the previous 12 months of studying and practicing.

I just wish I could give back as much as the experienced people here instead of just asking questions.

PB
  • #5,605
  • Mar 16, 2012 4:19am Mar 16, 2012 4:19am
Quoting handy148
Al - how do you get rid of the warning message that comes up with THV4 indi ??
Open the inputs for the THV4 Trix indi. The last input on the list says "Intro". Change it to false.
Observation is the path to discovery.
  • #5,606
  • Mar 16, 2012 4:20am Mar 16, 2012 4:20am
Quoting pixelboy
I like it! Thanks again Al for the clear explanations and all the work you put into posting these charts and notes. I know how much time and effort it takes to sort all this stuff out and want you to know it is really appreciated. I honestly feel like I've learned more about trading on this thread than I did in the previous 12 months of studying and practicing.

I just wish I could give back as much as the experienced people here instead of just asking questions.

PB
Keep contributing and asking questions. Your questions help many other people answer theirs.
Observation is the path to discovery.
  • #5,607
  • Mar 16, 2012 4:30am Mar 16, 2012 4:30am
Quoting Alorente
Good Morning. As promised, I will give you an easy way to confirm your Extreme TMA entries with the THV4 system. Firstly, let me state that Heiken Ashi candles are much more important in H1 than M15. The longer the time frame you use, the more you can rely on HA candles.

Look at the attached chart, A, B and C vertical lines. They are drawn right over the last Blue candle of each strong move up. Look at the THV indi (The middle Indicator) It is composed of Fast Trix (Thin Line) and Slow Trix (Thick Line). When Fast Trix is Green and above Slow Trix,...
Hi Al goodmorning !

First of all i hope you are feeling better !
Second, a big thanks for your chart and explanaton of it, it makes a lot of sense.
Also that i have a few questions about your chart.....
How do you take the SMA200 into play because it had a nice bounce at point A and B. Do you only take shorts beacause PA is under it and it is pointing down ?
If i look at your snake (Coral) i dont see the use of it immediately. When you would go short at point A the coral is green and PA is above ?
Can you talk me through about these 2 indicators.
And maybe also about the RSI, do you only look for trendlines on it ?

Again a big thanks Al !
  • #5,608
  • Mar 16, 2012 4:35am Mar 16, 2012 4:35am
Quoting Tuauxp
Hi Al goodmorning !

First of all i hope you are feeling better !
Second, a big thanks for your chart and explanaton of it, it makes a lot of sense.
Also that i have a few questions about your chart.....
How do you take the SMA200 into play because it had a nice bounce at point A and B. Do you only take shorts beacause PA is under it and it is pointing down ?
If i look at your snake (Coral) i dont see the use of it immediately. When you would go short at point A the coral is green and PA is above ?
Can you talk me through about these 2 indicators.
And...
Now you are talking about my Market Breathing system of which the 200SMA, the Coral and the RSI are integral parts. I am nowhere close to ready to talk about my own Breathing System yet.
Observation is the path to discovery.
  • #5,609
  • Mar 16, 2012 4:44am Mar 16, 2012 4:44am
Quoting Alorente
Now you are talking about my Market Breathing system of which the 200SMA, the Coral and the RSI are integral parts. I am nowhere close to ready to talk about my own Breathing System yet.
Sorry, i did n't mean to upset you !
I was only asking because these indicators are in the template......
  • #5,610
  • Mar 16, 2012 4:58am Mar 16, 2012 4:58am
Based on the MTF TMA correlation, I shorted UsdJpy this morning, since I expect the H1 channel, which is currently above the H4 upper band, must come down toward the bottom H4 wall in the next few days. Such an over extension, acts like a spring in the opposite direction. Price should come down to about 82, before H1 turning upwards again and continuing higher.
Observation is the path to discovery.
  • #5,611
  • Mar 16, 2012 4:59am Mar 16, 2012 4:59am
Quoting Alorente
Yes BUT, since the H4 channel is moving down, the H1 channel will move mostly sideways to slightly up and will meet the upper H4 wall. The net move overall for the next couple of weeks is down for this pair. If you look at the D1 TMA you could see how H4 should behave inside of it.
Al,
Regarding the AUDUSD - isn't price, and all lower time frame TMA's, near or bouncing off the lower band of the Daily TMA? So shouldn't that suggest price will rise over the next few weeks?

Edit: I do need to sync my ATR multiplier with yours, so my bands probably aren't in line with yours.
  • #5,612
  • Mar 16, 2012 5:01am Mar 16, 2012 5:01am
Quoting Tuauxp
Sorry, i did n't mean to upset you !
I was only asking because these indicators are in the template......
Iīm not upset at all. I donīt want to give all of you much more than you can chew. You still have to master the Extreme TMA system. Then THV has a ton of concepts that you donīt know yet. Iīm talking months before you have the foundation ready to absorb something like my Breathing System. Patience...
Observation is the path to discovery.
  • #5,613
  • Mar 16, 2012 5:05am Mar 16, 2012 5:05am
Quoting FXDawg
Al,
Regarding the AUDUSD - isn't price, and all lower time frame TMA's, near or bouncing off the lower band of the Daily TMA? So shouldn't that suggest price will rise over the next few weeks?
The channels are around middle of D1 TMA. I donīt understand where you get that.
Observation is the path to discovery.
  • #5,614
  • Mar 16, 2012 5:13am Mar 16, 2012 5:13am
Quoting FXDawg
Al,
Regarding the AUDUSD - isn't price, and all lower time frame TMA's, near or bouncing off the lower band of the Daily TMA? So shouldn't that suggest price will rise over the next few weeks?

Edit: I do need to sync my ATR multiplier with yours, so my bands probably aren't in line with yours.
Here is where the 3 TMA channels are in relation to the D1 TMA (Blue). The H4 is not yet close to the Daily bottom wall.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd - 4tma.jpg Size: 125 KB
Observation is the path to discovery.
  • #5,615
  • Mar 16, 2012 5:15am Mar 16, 2012 5:15am
Quoting Alorente
The channels are around middle of D1 TMA. I donīt understand where you get that.
I don't know if you saw the edit to my post. I need to adjust my ATR multiplier. I'll need to download your new template.

Thanks
  • #5,616
  • Mar 16, 2012 5:17am Mar 16, 2012 5:17am
Quoting Alorente
Based on the MTF TMA correlation, I shorted UsdJpy this morning, since I expect the H1 channel, which is currently above the H4 upper band, must come down toward the bottom H4 wall in the next few days. Such an over extension, acts like a spring in the opposite direction. Price should come down to about 82, before H1 turning upwards again and continuing higher.

Based on the correlation its very true.
I had a look for confirmation in the THV 4 but there is no confirmation yet, both trix are green and rising ?
Shouldn't we wait i little bit then ?
  • #5,617
  • Mar 16, 2012 5:22am Mar 16, 2012 5:22am
Hi,
my recent trade on EURUSD, in H1. It is still per the rules on page 1, not yet using the fresh ideas from Al this morning.
I went long yesterday evening.

Entry rules check:
1- Ranging TMA: yes, 0.14
2- cross one of the 2 outer bands: yes, below
3- Slope value is rising, yes (for long)
4- testing a resistance level: yes, hit 0.92 round number and bounced back

I entered rather late after first closed blue HA candle. See pic 1.

Exit:
Trade is still open with +24 pips.
Per the rules:
Close the position when either PA touches the opposite outer band OR the TMA Slope indicator closes one bar in the opposite direction of the previous trend.

As in pic 2, the slope is going down since a few bars, I should close or out a trailing stop. Should have done this already a few hours earlier.

Any comment or suggestion on this?

regards
candletiger
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CT_USDCHF_OPEN_2012.03.15.23.01.13_13987332_1.jpg Size: 266 KB
Click to Enlarge Name: ct_usdchf_open_2012.03.15.23.01.13_13987332_later.jpg Size: 218 KB
  • #5,618
  • Mar 16, 2012 5:23am Mar 16, 2012 5:23am
Hi Al
GU setting up on H1 THV if current red candle closes red --Short? on open of next candle. Trix f<s, though fast is turning red again..
Fullpip
  • #5,619
  • Mar 16, 2012 5:28am Mar 16, 2012 5:28am
Quoting Alorente
That is the 5M scalping system that we have. Enter long on crossing above 0.50 and exit on crossing below it. Enter short on crossing -0.50 and exit above it. We could set the alarm on the indicator. It doesnīt need to be on the dashboard. It cannot be on multiple time frames, because each will enter at different times, but if you have the three charts of 3 TFs the indis could alert you as they cross. That is easy to do. I can send the voice ,wav files to Shah and he can code it. Iīll prepare them tomorrow.

I have just joined , if you need anything just let me know AL
  • #5,620
  • Mar 16, 2012 5:33am Mar 16, 2012 5:33am
Hi I apologise in advance if I am repeating a question. I cannot find the mtf tma indicator. Would someone mind pointing me in the right direction? Thank you.
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