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Extreme TMA System

  • #5,901
  • Mar 19, 2012 7:39am Mar 19, 2012 7:39am
Quoting candletiger
Thanks for the good hint! Meanwhile fast trix did this
Sometimes it will turn back to the original color and continue, but as soon as I see it turn color, I close. No need to wait for a close of the bar.
Observation is the path to discovery.
  • #5,902
  • Mar 19, 2012 7:54am Mar 19, 2012 7:54am
Are you guys beginning to see how Coral and 200SMA work with each other?

Here is what I think is happening right now. Turn to AudUsd chart on March 9th. See how Coral was dropping towards 200SMA. See the similarity with the actual moment? I think what happened March 9th is going to happen now. The Euro has now reached 1.32+ as I expected. I think it is down from here.
Observation is the path to discovery.
  • #5,903
  • Mar 19, 2012 7:54am Mar 19, 2012 7:54am
gu being persistent to the upside, very annoyed this morning with this pair.

Is there a way to not have the thv panel on the chart, i just want the trix at the bottom.
  • #5,904
  • Mar 19, 2012 7:55am Mar 19, 2012 7:55am
This system is changing soooo fast that we are getting lost in the rules i think.Al since you had a record like 33-0 if i remeber well with the old system why did you insert H1+H4 TMAs and thv4 trix indicators?I definetely agree with you that higher timeframe TMAs are good for the system but i cant see why you need two of them.Moreover, i believe that the thv trix doesnt offer much more to the system than Tma slope already has.Anyway, my personal opinion is that the simpler a chart looks,the more easy it is to trade based on it.
P.S: Al dont get me wrong.I like the way you trade and i ve learnt a lot from you but the way i see it (as you said) if something aint broken dont try to fix it.

One more question: If,instead of normal tma,someone uses tma true,will tma slope repaint(tma true doesnt repaint,so its slope doesnt change)?If it does repaint,could someone point out an indicator that shows the exact tmatrue slope and doesnt repaint?
  • #5,905
  • Mar 19, 2012 7:59am Mar 19, 2012 7:59am
Quoting Alorente
Sometimes it will turn back to the original color and continue, but as soon as I see it turn color, I close. No need to wait for a close of the bar.
thanks once more!

Next trade: long EURGBP since its upturn 2 hours ago. It is now beyond the upper band and approaching 200 SMA. Still the fast trix is green and way above the slow trix. I assume this trade can be kept as well waiting for the fast trix to turn red?
  • #5,906
  • Mar 19, 2012 8:01am Mar 19, 2012 8:01am
Ok, the range bars idea isn't bad at all! but my favorite are the renko bars. I have my own indicator for them. Try it out, and let me know how you find it. to me, it's the most clear indi available for renko's. I also use it with trend bar color instead of heiken ashi. If you wish to take the time to see how it performs, I garantee this time wont be lost. and it gives you the exact price.
Attached File(s)
File Type: ex4 RangeBarGenerator.ex4   11 KB | 790 downloads
  • #5,907
  • Mar 19, 2012 8:01am Mar 19, 2012 8:01am
Quoting eremix
This system is changing soooo fast that we are getting lost in the rules i think.Al since you had a record like 33-0 if i remeber well with the old system why did you insert H1+H4 TMAs and thv4 trix indicators?I definetely agree with you that higher timeframe TMAs are good for the system but i cant see why you need two of them.Moreover, i believe that the thv trix doesnt offer much more to the system than Tma slope already has.Anyway, my personal opinion is that the simpler a chart looks,the more easy it is to trade based on it.
P.S: Al dont get...
Eremix, I am just introducing you to things that were very important for me all the time and I was looking at on the side. It is extremely important for you to know these things. Yes. It is complicated. Trading is not simple, no matter what you hear to the contrary. I will keep introducing everything that I look at so you get the full picture when you enter a trade.

As far as TMA True is concerned, I have mentioned several times before that it has no predictive value. It is good about analyzing the past, but what we care about is the future.
Observation is the path to discovery.
  • #5,908
  • Mar 19, 2012 8:02am Mar 19, 2012 8:02am
Dont miss this fall -- Tma /TMA slope looking good on rangebars

I will sell below the lower tma band -- price in moving up but slope is declining

Any one know if the TMA SLOPE repaints - if it does not - then we got a good thing
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 70 KB
  • #5,909
  • Mar 19, 2012 8:03am Mar 19, 2012 8:03am
Quoting candletiger
thanks once more!

Next trade: long EURGBP since its upturn 2 hours ago. It is now beyond the upper band and approaching 200 SMA. Still the fast trix is green and way above the slow trix. I assume this trade can be kept as well waiting for the fast trix to turn red?
Yes.
Observation is the path to discovery.
  • #5,910
  • Mar 19, 2012 8:09am Mar 19, 2012 8:09am
Quoting fxfury
gu being persistent to the upside, very annoyed this morning with this pair.

Is there a way to not have the thv panel on the chart, i just want the trix at the bottom.
Here is a bare bones Trix indicator.
Attached File(s)
File Type: ex4 THV T3 Trix.ex4   6 KB | 606 downloads
Observation is the path to discovery.
  • #5,911
  • Mar 19, 2012 8:11am Mar 19, 2012 8:11am
Quoting Alorente
Here is a bare bones Trix indicator.
Thank you, past templates had enough on the chart and when i trade on the laptop the panel just took up too much screen. Very much appreciated
  • #5,912
  • Mar 19, 2012 8:13am Mar 19, 2012 8:13am
Quoting candletiger
thanks once more!

Next trade: long EURGBP since its upturn 2 hours ago. It is now beyond the upper band and approaching 200 SMA. Still the fast trix is green and way above the slow trix. I assume this trade can be kept as well waiting for the fast trix to turn red?
I still have a EurGbp long open but looking to close at maybe FPV or 200 SMA or if I see red on the fast Trix.

But looking to sell EurGbp to M5 already has red HA and red Trix crossover.
  • #5,913
  • Mar 19, 2012 8:38am Mar 19, 2012 8:38am
Dear candletiger :

thank you for your great sharing of successful, I still try to figure out

trix indic ?? can you help me, which version of trix you use at chart ??

because I got lots of trix from FF now ?

most of trix , do not like yours trix ?

cheers,

SCOTT /

~~~~~~~~~~
  • #5,914
  • Mar 19, 2012 8:39am Mar 19, 2012 8:39am
eu sky high.
  • #5,915
  • Mar 19, 2012 8:57am Mar 19, 2012 8:57am
Quote
which version of trix you use at chart ??

Hi Scott,
just what comes from the latest package on page 1, no modifications.
  • #5,916
  • Mar 19, 2012 9:15am Mar 19, 2012 9:15am
EURGBP closed with +45 pips! (Initial expectation from TMA band was 19).
Fast trix was still green but I got hit by my traling stop of 10 pips that I set when reached half TMA band as per exit rule normal.

Al, would you have used a different method than the documented trailing SL in case there is such an overshoot on the other side of the band?


Quote
I still have a EurGbp long open but looking to close at maybe FPV or 200 SMA or if I see red on the fast Trix.
But looking to sell EurGbp to M5 already has red HA and red Trix crossover.

with using the M5 red Trix, you would have missed half of the rally around FPV.
Attached Image (click to enlarge)
Click to Enlarge Name: EG2.jpg Size: 191 KB
  • #5,917
  • Mar 19, 2012 9:16am Mar 19, 2012 9:16am
Quoting Squaretrader
Ok, the range bars idea isn't bad at all! but my favorite are the renko bars. I have my own indicator for them. Try it out, and let me know how you find it. to me, it's the most clear indi available for renko's. I also use it with trend bar color instead of heiken ashi. If you wish to take the time to see how it performs, I garantee this time wont be lost. and it gives you the exact price.
Hi Squaretrader

Could you please tell me how to use/install Range Gen.

Thanks for the help
  • #5,918
  • Mar 19, 2012 9:23am Mar 19, 2012 9:23am
Quoting candletiger
EURGBP closed with +45 pips! (Initial expectation from TMA band was 19).
Fast trix was still green but I got hit by my traling stop of 10 pips that I set when reached half TMA band as per exit rule normal.

Al, would you have used a different method than the documented trailing SL in case there is such an overshoot on the other side of the band?




with using the M5 red Trix, you would have missed half of the rally around FPV.
Yes hindsight is a wonderful thing.
I am pleased with the 37 demo points, closed @ 0.83231
  • #5,919
  • Mar 19, 2012 9:25am Mar 19, 2012 9:25am
Al or any of my learned collegues, how do one compile the EA's, I keep getting error "could not launch the compiler"?

Appreciate your time!

G
  • #5,920
  • Mar 19, 2012 9:37am Mar 19, 2012 9:37am
Hi Al, and others,.

Am I wrong?
please help me!!!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 47 KB
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