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Extreme TMA System

  • #6,101
  • Mar 20, 2012 9:40am Mar 20, 2012 9:40am
Quoting Snowdogg
I have not been contributing either, but I have certainly been keeping up and testing. I have made a few small trades and actually came out Green for last week which is the first time that has happened for a long long time. My problem is that I have to change my psychology from taking really quick profits on the 1M chart to actually holding on for a while and taking a larger profit. Since I have committed myself to following this line of trading, I would certainly like to be included in the ongoing discussions. Perhaps, as time goes on, I will...
Try moving to watch the H1 and the H4 TMAs like some of us are doing. It is much easier to trade than M1 and M5 with the MTF setup.
Observation is the path to discovery.
  • #6,102
  • Mar 20, 2012 9:41am Mar 20, 2012 9:41am
Quoting rcbarlow
Although I have not been very helpful as far as contributing, I am definitely following the thread and appreciate all the help Al and the others are giving. I hope to be one of those selected for the private forum.
As I said this morning, it will still be some time before we move on to a more limited circle of friends. There is still a lot to be done here.
Observation is the path to discovery.
  • #6,103
  • Mar 20, 2012 9:44am Mar 20, 2012 9:44am
Quoting JoaoOliveira
What about now AL, what do you think ?

tma slope divergences is getting stronger
Yes, but only if you are trading H4 and hold on to it for a few days. Also you canīt do it with a tight stop.
Observation is the path to discovery.
  • #6,104
  • Mar 20, 2012 9:45am Mar 20, 2012 9:45am
Quoting penet
How about Usd/chf long ? Price is touching lower band of H4 but H1 direction is down and Usd /cad short. And what about Gbp/Usd H1 band's are gettiong out from H4 band it means that gbp/usd will fall ?
Looks really good. Iīm entering long also.
Observation is the path to discovery.
  • #6,105
  • Mar 20, 2012 9:46am Mar 20, 2012 9:46am
Quoting lbhales
I'm watching to see if the 15M art gets pulled up a little more before possibly going short. I want to be considered a positive contributor for the future. My three trades yesterday all were profitable although I exited all too early. The longer TF is tough for me since I've been a successful scalper for a long time. I also choose not to use active stop losses and have a lot of experience with recovery which takes patience and attention to work as quickly as the market allows. Lynn
Right now I am short EurUsd, GbpUsd, EurGbp and EurJpy and long UsdChf.
Observation is the path to discovery.
  • #6,106
  • Mar 20, 2012 9:51am Mar 20, 2012 9:51am
M15 channels are turning on several pairs:

EurUsd: Down M15 and H1 turning down soon.
GbpUsd: Down M15 and H1 way overbought and turning down soon. This is the star short for me right now.
EurGbp: Down M15 and sideways H1. This is my least favorite and will probably exit at bottom of M15 TMA band.
UsdChf: Up M15 and H1 turning up soon.
EurJpy: M15 turning down soon and H1 should follow soon thereafter.

Stay away for now: AudUsd and UsdCad.
Observation is the path to discovery.
  • #6,107
  • Mar 20, 2012 9:51am Mar 20, 2012 9:51am
Quoting Alorente
Right now I am short EurUsd, GbpUsd, EurGbp and EurJpy and long UsdChf.
Big Al,

What about short on usdcad?

L.
  • #6,108
  • Mar 20, 2012 9:52am Mar 20, 2012 9:52am
Hi Alorente I am new here this is my first post in ur thread, you are doing very well in this thread I like ur system so much ,
I am not very experienced trader I want to take on ur system can you help me about rules, I try to read the previous posts but diffcult to find the rules ....
Mujtaba
  • #6,109
  • Mar 20, 2012 9:54am Mar 20, 2012 9:54am
Coral cross of 200SMA is a very important inflection point. We are nearing a Bear cross on EurUsd, GboUsd, and a Bull Cross on UsdChf and UsdCad even though this last one is overbought right now.
Observation is the path to discovery.
  • #6,110
  • Mar 20, 2012 9:55am Mar 20, 2012 9:55am
Quoting Alorente
This is the setup I am currently using on my 2 screens, along with 2 minimized THV4 charts(S&P500 and EurUsd). I reduced it from my previous 18 chart setup because with the addition of the MTF TMAs the strain on the hardware made it necessary to do so. When I need to check THV on any particular pair, I change the template to large for a minute and revert back after. I have 6 GB of Ram so I assume that those with less will have problems with this setup. Still, I find having the 3 TMAs on each chart extremely important. After only a few days, I am...
Al

Sorry if this is pushing but I will push my TMA line mq4 rewrite one more time here. I made this so I could use the MTF TMA Analysis in the backtester but the reason I had to rewrite the codebase is that the exist TMA line code you have uses a bunch of iCustom self references to do the Higher TF draws. This could very easily be the source of the performance issues. I have no easy way to directly profile indicators but you could always just give it a try and see if the issues are fixed.

Here is the original post with more info on the code changes.
Attached File(s)
File Type: mq4 ExtremeTMALine.mq4   7 KB | 496 downloads
  • #6,111
  • Mar 20, 2012 9:59am Mar 20, 2012 9:59am
Here is a tidbit of my Market Breathing system. Look at EurUsd on the chart below. This is what I call a 1-2-3 and test move. Look at the Coral. It has jumped three times (3 Breaths after crossing the 200SMA and now it is testing the high after the third breath). Remember this formation between the Coral and the 200SMA and look for it in the future. It is an important reversal pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 33 KB
Observation is the path to discovery.
  • #6,112
  • Mar 20, 2012 10:01am Mar 20, 2012 10:01am
Quoting stevewide
Thanks Paradox; got tired of all the THV "stuff" attached. I'm going to try your Trix. Also, removed other THV displays not really needed as I understand this method so far... so far so good.

I added an ATR number for the current time frame that I revised the code so it only shows in the top left corner. Lets me know how big the pair moves...that's about all I watched from the THV "stuff."

Steve
I do like ATR info. But you know this is basically exactly the same as the TMA Size: Value in the ExtremTmaInfo panel. That size number is multiplied by 4 to represent the size of the band. It is still the same info though.
  • #6,113
  • Mar 20, 2012 10:02am Mar 20, 2012 10:02am
Quoting Alorente
I stand by the 20% cutoff. If you cannot regularly make 20% on your account on a monthly basis after a couple of years of trading, the return you are making does not justify the large risk involved in Forex trading. That to me should be the first stage everyone should aim at reaching. An average of 1% a day. With experience 3% to 5% a day is very achievable.

The key is not making the return, which is not that difficult. The real key is to not lose equity on off days. Learning to be selective on your trades is as important as learning to trade well....

Sorry but 5% a day..... I think you need to come down to reality. That is 100% unsustainable. Your credibility with those that have any experience is Nil. Zero....

Sorry but when someone comes on here like yourself spouting all this Bull then expect to have your nose rubbed in it. Offer up the proof Al.
Thats all I am asking.

It sure is easy to say all that crap another to actually do it and show your results.

Why dont you open up a trade explorer here and show the world how you make those returns.
Master your Mind,,,Master the Market
  • #6,114
  • Mar 20, 2012 10:06am Mar 20, 2012 10:06am
Here is the same 1-2-3 and Test pattern in AudUsd yesterday. Notice how price collapsed after the last breath and test of the high.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 35 KB
Observation is the path to discovery.
  • #6,115
  • Mar 20, 2012 10:08am Mar 20, 2012 10:08am
Quoting Alorente
Here is the same 1-2-3 and Test pattern in AudUsd yesterday. Notice how price collapsed after the last breath and test of the high.
The confirmation of the 1-2-3 Test pattern is the cross of the Coral and the 200 SMA. The same pattern in reverse occurs on the bear side also.
Observation is the path to discovery.
  • #6,116
  • Mar 20, 2012 10:11am Mar 20, 2012 10:11am
Quoting Alorente
The confirmation of the 1-2-3 Test pattern is the cross of the Coral and the 200 SMA. The same pattern in reverse occurs on the bear side also.
It wonīt take you long to find the same pattern now on GbpUsd with an imminent cross of the Coral over the 200 SMA for confirmation. Price is beginning to break down as we speak.
Observation is the path to discovery.
  • #6,117
  • Mar 20, 2012 10:12am Mar 20, 2012 10:12am
Quoting bluesteele
Sorry but 5% a day..... I think you need to come down to reality. That is 100% unsustainable. Your credibility with those that have any experience is Nil. Zero....

Sorry but when someone comes on here like yourself spouting all this Bull then expect to have your nose rubbed in it. Offer up the proof Al.
Thats all I am asking.

It sure is easy to say all that crap another to actually do it and show your results.

Why dont you open up a trade explorer here and show the world how you make those returns.
From what Al was pointing out he takes most of his profits of the table and keeps the trading account rather small, so a higher risk and higher return would be possible, as we know 75% on a million dollar account month after month wouldnt work, but I am open to what he has to say and is providing a method that does have merit.
  • #6,118
  • Mar 20, 2012 10:12am Mar 20, 2012 10:12am
Quoting crodzilla
It is not a bug in the indicator. As I have said before, a ZERO DIVIDE error means YOUR MT4 does not have enough data to perform the necessary calculations for the indicator.

Which usually means your MT4 needs to load more pair data.

Carl
Carl, Sorry, I did not know this. In any case, I believe that instead of filling my log with ZERO DIVIDED messages would be better to handle the error and send an alert stating that more data are needed.

Thank you very much.
Enter Signature
  • #6,119
  • Mar 20, 2012 10:14am Mar 20, 2012 10:14am
Quoting Alorente
It wonīt take you long to find the same pattern now on GbpUsd with an imminent cross of the Coral over the 200 SMA for confirmation. Price is beginning to break down as we speak.
My Market Breathing System is a very comprehensive study of how the market works. This is just one very small part of the whole to give you a glimpse.
Observation is the path to discovery.
  • #6,120
  • Mar 20, 2012 10:18am Mar 20, 2012 10:18am
Look at UsdChf. Do you see the same 1-2-3 and Test pattern in reverse with a Coral cross upcoming?
Observation is the path to discovery.
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