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Extreme TMA System

  • #6,181
  • Mar 20, 2012 1:34pm Mar 20, 2012 1:34pm
Dear Wwilliam :

As the post # 6166 from Mr.Al :

" 2- Use the Orange bands (H1 TMA) for entry. Exit according to rules."

where can I get this " Orange bands (H1 TMA) " , is it install by myself at M15 CHART ?

in this way, we can trade H1 Entry at M15 Chart ??

thank you very much

SCOTT

~~~~~~~~~~
  • #6,182
  • Mar 20, 2012 1:34pm Mar 20, 2012 1:34pm
Al what is you TP in Eur/Usd and Gbp/Usd ?
  • #6,183
  • Mar 20, 2012 1:36pm Mar 20, 2012 1:36pm
Quoting Riddermark
Al, sorry for the misunderstanding.

I know this sounds like a silly question, but what do you mean by "emergency stop loss"? Is it an actual stop loss where if it's gets hit you take a loss of -100 pips or is that a figure of speech for starting recovery at -100 pips?

I was under the impression you do not use a stop loss at all. Instead you use small lots and at -100 pips you begin recovery. Is that correct? Thanks.
Yes. I just have it there in case a disaster like the Japanese earthquake happens over night when I am sleeping. I always remove the SL and begin recovery at -100.
Observation is the path to discovery.
  • #6,184
  • Mar 20, 2012 1:40pm Mar 20, 2012 1:40pm
Quoting Alorente
1- TMASlope indi: Change the user defined input to 60. That will give you the H1 Slope value for H1 above the 15M Slope value.

2- Use the Orange bands (H1 TMA) for entry. Exit according to rules.

3- The HA trigger is intended to get you in the trade in the right direction. You can use the 15M HA color change which does the same thing and saves you some pips since the Hi HA takes longer to change.

The MA Crossover is not used anymore.
Hello Alfredo,

I know that this system comes so naturally for you, that you can see the changes before they happen. However, for those of us still trying to catch on to the system, the specific rules are important. A day or so ago, when you really started to emphasize the 1H timeframe, you made it a point to say to only enter the trade at the close of a 1H HA candle in the new trading direction. Now we are not even looking at the 1H chart, only the 1H slope and we are entering off of a 15M HA change not a 1H HA close.

This current way of viewing the charts seems to be an unclear hybrid of everything we have been learning up to this point.

Your kind clarifications are much appreciated.

William
may you find what you seek and trade what you find
  • #6,185
  • Mar 20, 2012 1:50pm Mar 20, 2012 1:50pm
Quoting faxxion
Hello Alfredo,

I know that this system comes so naturally for you, that you can see the changes before they happen. However, for those of us still trying to catch on to the system, the specific rules are important. A day or so ago, when you really started to emphasize the 1H timeframe, you made it a point to say to only enter the trade at the close of a 1H HA candle in the new trading direction. Now we are not even looking at the 1H chart, only the 1H slope and we are entering off of a 15M HA change not a 1H HA close.

This current way of...
You can change to H1 TF if you want to. Several people here are trading H1 from the M15 chart for convenience and being able to see 3 TMAs instead of 2. Itīs up to you to decide. I think one of the greatest things of this system is the flexibility it gives all kinds of traders to trade the way they like. You can even trade three time frames from the same chart. Heck, you can trade a different time frame every day of the week if you so desire. Or place an M15 trade on one pair, an H1 on another and an H4 trade on yet another and follow them all without changing time frames...No other system that I know off allows that kind of flexibility. However, if this makes you feel uncomfortable, then pick a TF and switch to it and trade there.
Observation is the path to discovery.
  • #6,186
  • Mar 20, 2012 1:53pm Mar 20, 2012 1:53pm
Quoting pixelboy
Thanks for the updates Al, Carl and Paradox. This set up just gets better and better. Your hard work is appreciated guys.

PB
I think if Carl and I were running Microsoft, we would be up to Windows 22 by now.
Observation is the path to discovery.
  • #6,187
  • Mar 20, 2012 1:55pm Mar 20, 2012 1:55pm
Hello Scott,

In the most recent zip file, Alfredo has new templates that show the 15M, 1H and 4H TMA's overlapping on one chart. 15M is still a white dotted line, 1H is orange and 4H is magenta.

All you have to do is download the new templates.

William

Quoting scott-ibm
Dear Wwilliam :

As the post # 6166 from Mr.Al :

" 2- Use the Orange bands (H1 TMA) for entry. Exit according to rules."

where can I get this " Orange bands (H1 TMA) " , is it install by myself at M15 CHART ?

in this way, we can trade H1 Entry at M15 Chart ??

thank you very much

SCOTT

~~~~~~~~~~
may you find what you seek and trade what you find
  • #6,188
  • Mar 20, 2012 1:58pm Mar 20, 2012 1:58pm
Dear Al :

Appreciated that Market Breathing system, and 1-2-3 and test move, very impressed.

May I know that :

we have Extreme TMA now, what is the " THV ", system or indic ??

does Market Breathing system is a market form pattern ?

cheers,

SCOTT
~~~~~~~~~~~~~~~
  • #6,189
  • Mar 20, 2012 1:59pm Mar 20, 2012 1:59pm
Quoting scott-ibm
Dear Wwilliam :

As the post # 6166 from Mr.Al :

" 2- Use the Orange bands (H1 TMA) for entry. Exit according to rules."

where can I get this " Orange bands (H1 TMA) " , is it install by myself at M15 CHART ?

in this way, we can trade H1 Entry at M15 Chart ??

thank you very much

SCOTT


~~~~~~~~~~
Yes, as crazy and as wonderful as that sounds, you can get signals on 8 pairs and all the time frames from Carlīs miraculous Dashboard and trade three time frames from 1 chart. How cool is that?

Next thing you know youīll be able to click on a Sell or a Buy and have a chart with that pair in that time frame open automatically for you... Iīm kidding, ok?
Observation is the path to discovery.
  • #6,190
  • Mar 20, 2012 1:59pm Mar 20, 2012 1:59pm
Quoting Alorente
I think if Carl and I were running Microsoft, we would be up to Windows 22 by now.

Al,thank you for the updates....and I think you mean Windows 2012
An idea is a new combination of old elements.
  • #6,191
  • Mar 20, 2012 2:02pm Mar 20, 2012 2:02pm
Quoting 15pips
Al,thank you for the updates....and I think you mean Windows 2012
No. I meant instead of 7 up to 22 already. A bad joke... Never mind...
Observation is the path to discovery.
  • #6,192
  • Mar 20, 2012 2:06pm Mar 20, 2012 2:06pm
I m using the last template you put, but it does nt contain the old res/sup levels(red/green). Are you still using them or are u taking higher TF bands as res/sup?
  • #6,193
  • Mar 20, 2012 2:07pm Mar 20, 2012 2:07pm
Quoting faxxion
Hello Alfredo,

I know that this system comes so naturally for you, that you can see the changes before they happen. However, for those of us still trying to catch on to the system, the specific rules are important. A day or so ago, when you really started to emphasize the 1H timeframe, you made it a point to say to only enter the trade at the close of a 1H HA candle in the new trading direction. Now we are not even looking at the 1H chart, only the 1H slope and we are entering off of a 15M HA change not a 1H HA close.

This current way...
Well, I'm back posting here after a bit as in last days I had just the time to read and keep myself updated on what was going on in the thread (and updating templates .. lol)

My opinion is (making a melting pot of what I read in the 3d from him about the subject) that Al was meaning that if you want to be "aggressive " you can pull the trigger by candle change in lower timeframe. Otherways if you feel better in a "conservative" mode you must wait the candle change in the higher one.

Well this is just my opinion ...let s wait the comment of Al.

Greetings.
Franco

P.S.

Hi Al! this MTF TMA stuff is looking great to me ( as to the whole community I'd say). I hope I'll have soon the time to dive in!! And thank you 4 your inputs about your breathing system , it 's giving me the opportunity to look at the market in a new way.


PPS I hope it doesn't look unpolite to address to 2 person in just one post , but sorry I'm in a very lack of time.
  • #6,194
  • Mar 20, 2012 2:13pm Mar 20, 2012 2:13pm
Al,
One thing I noticed about the dashboard is I believe the ATR multiplier is set to 2.0 on all pairs and all time frames. I notice sell/buy signals when price hasn't passed the outer bands yet. I don't know if that's how you want it but that's what it appears to be set at.

Thanks,
Rick
  • #6,195
  • Mar 20, 2012 2:14pm Mar 20, 2012 2:14pm
Paradox, Here I am asking for a bit more from you. Would it be possible for you to add TMA size info for M15, H1 and H4 in your wonderful TMAInfo indi?

That would be extremely convenient.

Thanks.
Observation is the path to discovery.
  • #6,196
  • Mar 20, 2012 2:15pm Mar 20, 2012 2:15pm
Quoting Alorente
The new packet file is on Page 1. All the charts and templates have the new TMA Line indicator by Paradox, which should be considerably less taxing to your processor. Also, version 24 of Carlīs Dashboard is included, which halves the memory requirements of your computer. Finally, I removed the cumbersome THV4 setup and left a new streamlined Trix indicator which is really all we need.

Enjoy.
Ah more toys to play with .. thanks Al and contributors ...
You gotta know when to hold 'em, know when to fold 'em ...
  • #6,197
  • Mar 20, 2012 2:16pm Mar 20, 2012 2:16pm
Quoting Alorente
Up till two days ago, I was mainly a 5M trader, so my profits were always small with a very high (90%+) of wins. Today I booked a 140 pip trade because I am moving to H1 and H4 to test the MTF TMA system. So far I like it a lot. It feels like youīre making money while you are on vacation.

As far as the stop loss, it is really not a matter of pips. You should set your stop loss 1 pip above the previous swing high. The number of pips for that will vary depending on the time frame you choose and where the swing high is.

Good luck.
Al,

Really glad to see your focus has shifted to the higher timeframes as this is where I'm more apt to be due to time constrainsts. The Trading Made Simple thread was all about the 4 hour (London session) and 1 hr (NY session) using the TDI and confirming trend with the 1 or 4 hour and weekly, depending on the session. The MTF TMA with trix is starting to look alot like that which is great as the Simple method wasn't as successful outside of the prescribed sessions. Asian session is my only time to really dig in and your observations and pursuit to improve on the methodology has really helped me understand more about spoting order within the chaos. I'm finding myself more successful with this package than I ever was with Simple. Much appreciated!
  • #6,198
  • Mar 20, 2012 2:16pm Mar 20, 2012 2:16pm
Quoting Alorente
No. I meant instead of 7 up to 22 already. A bad joke... Never mind...

apologize Big Al,it was a joke...but I have al your updates(11)
An idea is a new combination of old elements.
  • #6,199
  • Mar 20, 2012 2:17pm Mar 20, 2012 2:17pm
Quoting Alorente
Paradox, Here I am asking for a bit more from you. Would it be possible for you to add TMA size info for M15, H1 and H4 in your wonderful TMAInfo indi?

That would be extremely convenient.

Thanks.
Same thing for TMA Slope (M15, H1 and H4). There is plenty of space above the indi to fit all of that.
Observation is the path to discovery.
  • #6,200
  • Mar 20, 2012 2:20pm Mar 20, 2012 2:20pm
Quoting Alorente
You can change to H1 TF if you want to. Several people here are trading H1 from the M15 chart for convenience and being able to see 3 TMAs instead of 2. Itīs up to you to decide. I think one of the greatest things of this system is the flexibility it gives all kinds of traders to trade the way they like. You can even trade three time frames from the same chart. Heck, you can trade a different time frame every day of the week if you so desire. Or place an M15 trade on one pair, an H1 on another and an H4 trade on yet another and follow them...
Well in the time I was making the previous post you answered yet to William and and posted more...lol

Coming back to the mtf tma i like very much this opportunity to have (lets say so ) 3 timeframes built in one

I have a wish about that anyway...i tell you and if you find it useful we can ask the coders to accomplish that if possible..

I refer to the info in the bottom right corner...Id love we could see not just one of the slope values but all of the 3 (in a row) we are interested in.

I mean for istance M15= 0,21 H1=0,13 H4=0,18.

I say this as I see we have enough room in the bottom right .

Ciao.

Franco
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