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Extreme TMA System

  • #6,041
  • Mar 20, 2012 5:46am Mar 20, 2012 5:46am
Quoting JoaoOliveira
Al, for me EUR/AUD is in a good setup right now. Would you take this trade even with the high TMA Slope value ?

tks
No, I wouldnīt. The pair is still pulling H1 towards H4 band. Let the slope value get to ranging. Patience will be your ally on this one.
Observation is the path to discovery.
  • #6,042
  • Mar 20, 2012 5:49am Mar 20, 2012 5:49am
Quoting orionhan
Hi,

I'm confused about implementing the 4h, 1h, 15min TMA onto the template. I've downloaded the newest template, copied and paste everything into the correct folder but I still can't see the 3 TMAs.

Can any kind soul provide the settings for those 3 TMAs?

Warmest Regards,
Orionhan
You will only see all three TMAs if your chart is set to M15 periodicity or less. If you have it set to H1, You will only see H1 and H4 TMAs. If itīs set to H4 or higher, you will only see the high TMA.
Observation is the path to discovery.
  • #6,043
  • Mar 20, 2012 5:50am Mar 20, 2012 5:50am
Quoting JoaoOliveira
Al, for me EUR/AUD is in a good setup right now. Would you take this trade even with the high TMA Slope value ?

tks
By the way, your slope value is screwed up. That happened to me also. Just delete the TMA Slope indi from your chart and reinstall it again and it will fix it.
Observation is the path to discovery.
  • #6,044
  • Mar 20, 2012 5:53am Mar 20, 2012 5:53am
Quoting Alorente
Yesterday I mentioned that when the various Usd pairs started to move, AudUsd would move further because it was the weakest of the bunch. EurUsd, GbpUsd, UsdChf have not made it to the opposite H1 band while AudUsd has already past it. It is very important to always identify the weak sister and go with it.
Al, its really incredible your accurate do predict this move.

Can you please explain minutely how did you know that AUD/USD was the weakest of the group ?

thanks

J.O
  • #6,045
  • Mar 20, 2012 5:54am Mar 20, 2012 5:54am
I closed AudUsd for a nice 140 pips. It is stalling a bit. Will catch it again if it goes higher.
Observation is the path to discovery.
  • #6,046
  • Mar 20, 2012 5:58am Mar 20, 2012 5:58am
Quoting JoaoOliveira
Al, its really incredible your accurate do predict this move.

Can you please explain minutely how did you know that AUD/USD was the weakest of the group ?

thanks

J.O
I explained it yesterday. When all Usd pairs moved strongly yesterday, they all made it to the H4 band (Magenta) while AudUsd didnīt even make it to the H1 band. It was clear that it lacked the strength to move higher and was much weaker than its sister pairs.
Observation is the path to discovery.
  • #6,047
  • Mar 20, 2012 6:01am Mar 20, 2012 6:01am
Quoting Alorente
I explained it yesterday. When all Usd pairs moved strongly yesterday, they all made it to the H4 band (Magenta) while AudUsd didnīt even make it to the H1 band. It was clear that it lacked the strength to move higher and was much weaker than its sister pairs.
perfectly understood.

As always, thanks for your attention
  • #6,048
  • Mar 20, 2012 6:03am Mar 20, 2012 6:03am
Quoting Alorente
I explained it yesterday. When all Usd pairs moved strongly yesterday, they all made it to the H4 band (Magenta) while AudUsd didnīt even make it to the H1 band. It was clear that it lacked the strength to move higher and was much weaker than its sister pairs.
To explain further, Now I expect a rebound of AudUsd close to the Coral, (Fibonacci retracement of 38.2% at 1.0545). If it stalls there, I will sell short again.
Observation is the path to discovery.
  • #6,049
  • Mar 20, 2012 6:24am Mar 20, 2012 6:24am
By all means correct me if my thinking is wrong.

I am using the multi timeframe tma but i clearly lack the experience and time in front of the charts with tma to answer my owns question.

The lower tma's such as 5m and 15m will repaint far worse than the higher the timeframe you get to? such as 1hr 4hr.

I ask this question because I am trying to make sense of the markets flow and I really like how you demonstrated the tma's moving inside one another, and I would like to know if I look back am i getting an accurate feel or if the 4hr repaints like the 15min I will never really know until I watch it realtime?

When you talk about waiting for shorting opportunities as 1hr is being pulled to the 4 hr is this common occurence? ie. wait for a lower timeframe tma to start flattening and slope to confirm when higher timeframe bands will gravitate price to the other side?

Thanks again Al your generosity is unbelievable and it is hard for me to take tma off the chart.
  • #6,050
  • Mar 20, 2012 6:36am Mar 20, 2012 6:36am
Quoting fxfury
By all means correct me if my thinking is wrong.

I am using the multi timeframe tma but i clearly lack the experience and time in front of the charts with tma to answer my owns question.

The lower tma's such as 5m and 15m will repaint far worse than the higher the timeframe you get to? such as 1hr 4hr.

I ask this question because I am trying to make sense of the markets flow and I really like how you demonstrated the tma's moving inside one another, and I would like to know if I look back am i getting an accurate feel or if the 4hr repaints...
Yes. The TMA channel will stay mostly inside the H4 channel. The M15 channel will stay mostly inside the H1 channel. The M5 channel will stay mostly inside the M15 channel, and so on. The price will range from side to side in each channel. Think of Price as a truck that pulls the TMA channel where it needs to go. For example: GbpUsd. Yesterday the M15, H1 and H4 channels where coinciding on the top bands. The first thing that had to happen was for the M15 channel to turn, because it is smaller and easier to turn, Then the H1 channel will turn down, because it is already outside the H4 channel which is moving sideways. Price is the truck that pulls all of them down. You see this morning that M15 already turned down and H1 is turning now. Price will continue to pull down until the bottom band of H1 gets near or past the bottom band of H4 and then the whole thing will begin over again on the way up.
Observation is the path to discovery.
  • #6,051
  • Mar 20, 2012 6:36am Mar 20, 2012 6:36am
Al - I took 3 live trades last night and let them run overnight.
AUD/USD +100.3 (short) USD/CAD +32.4 (buy) EUR/USD +32.4 (short)
All were good setups based upon Xtreme TMA. Overnight is pretty
stress free when you see them clearly. Thanks Al.
  • #6,052
  • Mar 20, 2012 6:47am Mar 20, 2012 6:47am
Quoting tomthepoppop
Al - I took 3 live trades last night and let them run overnight.
AUD/USD +100.3 (short) USD/CAD +32.4 (buy) EUR/USD +32.4 (short)
All were good setups based upon Xtreme TMA. Overnight is pretty
stress free when you see them clearly. Thanks Al.
Thatīs great. I did the same thing with AudUsdGbpUsd and EurGbp. Just remember to use Cavemanager to manage your trades just in case something crazy happens in the world while you are sleeping.
Observation is the path to discovery.
  • #6,053
  • Mar 20, 2012 6:51am Mar 20, 2012 6:51am
Quoting Alorente
Yes. The TMA channel will stay mostly inside the H4 channel. The M15 channel will stay mostly inside the H1 channel. The M5 channel will stay mostly inside the M15 channel, and so on. The price will range from side to side in each channel. Think of Price as a truck that pulls the TMA channel where it needs to go. For example: GbpUsd. Yesterday the M15, H1 and H4 channels where coinciding on the top bands. The first thing that had to happen was for the M15 channel to turn, because it is smaller and easier to turn, Then the H1 channel will turn down,...
Hi Al,

Does this work all the time ? From my experience, you can get caught up in an uptrend that can last a few days even weeks. For instance, the uptrend of EURJPY between feb 16 and feb 24th took the price from 102 till 109. would this strategy have worked out ? My fear is to be caught in a big loss of say more than 100 pips and unless you have a large capital, cost averaging is out of the question. I would appreciate any comments on this situation.

Thank you !
  • #6,054
  • Mar 20, 2012 6:53am Mar 20, 2012 6:53am
Does anyone know if its possible to filter what one can see on a thread?

I love reading what everyone says, but it would help a lot keeping up if it could be limited to just a few contributors.... the "text book" if you like.

I don't wish any offence! But i know i have to read and reread and reread... and there is so much of it.
  • #6,055
  • Mar 20, 2012 6:54am Mar 20, 2012 6:54am
Quoting beto21_cwb
Hi Alfredo, I just got home, so I could only read your messages now. I noticed Istvan attempted to assist you.

Please, were you able to set up the range bars script properly ?
Hello beto. I havenīt tried yet what Istvan told me to do but I would appreciate a step by step instruction by PM if you donīt mind.
Observation is the path to discovery.
  • #6,056
  • Mar 20, 2012 6:59am Mar 20, 2012 6:59am
Quoting Jikkie
Does anyone know if its possible to filter what one can see on a thread?

I love reading what everyone says, but it would help a lot keeping up if it could be limited to just a few contributors.... the "text book" if you like.

I don't wish any offence! But i know i have to read and reread and reread... and there is so much of it.
Jikkie, in the not too distant future we will have a more condensed thread with the members who really are committed to this system and to learning technical analysis, without the interference of others who have little to contribute and no interest in learning. For now, we will continue as we are for a while longer.
Observation is the path to discovery.
  • #6,057
  • Mar 20, 2012 7:09am Mar 20, 2012 7:09am
i am very greatfull for your system,i have open short on gbpusd,audusd,nzdusd,eurusd and buy on usd/jpy,usd/chf all in profit, with atleast 50 pips in green on 4hrs chart, this is my second time with your system. first time i tried on 5 min chart but it give bad signals(tma slope repaint), but on 4hr it working good. anything to add?? Thx
  • #6,058
  • Mar 20, 2012 7:12am Mar 20, 2012 7:12am
Quoting Alorente
Thatīs great. I did the same thing with AudUsdGbpUsd and EurGbp. Just remember to use Cavemanager to manage your trades just in case something crazy happens in the world while you are sleeping.
Al, could you share your Cavemanager settings please?

Thank you.
  • #6,059
  • Mar 20, 2012 7:13am Mar 20, 2012 7:13am
Quoting jain028
i am very greatfull for your system,i have open short on gbpusd,audusd,nzdusd,eurusd and buy on usd/jpy,usd/chf all in profit, with atleast 50 pips in green on 4hrs chart, this is my second time with your system. first time i tried on 5 min chart but it give bad signals(tma slope repaint), but on 4hr it working good. anything to add?? Thx
Thatīs good. I have to admit that, now with MTF TMA, I am also moving more to H1 and H4. I am not doing anything on M5 and M15 at this time. It is more relaxing and it gives me more time for chart analysis in the higher time frames (D1 and W1) which is important to see whatīs coming in the days ahead.
Observation is the path to discovery.
  • #6,060
  • Mar 20, 2012 7:14am Mar 20, 2012 7:14am
Quoting Alorente
Thatīs good. I have to admit that, now with MTF TMA, I am also moving more to H1 and H4. I am not doing anything on M5 and M15 at this time. It is more relaxing and it gives me more time for chart analysis in the higher time frames (D1 and W1) which is important to see whatīs coming in the days ahead.
I do keep my TF at M15 because that way you see the full picture of the 3 TMAs working in tandem.
Observation is the path to discovery.
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