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Extreme TMA System

  • #6,281
  • Mar 21, 2012 12:27am Mar 21, 2012 12:27am
Quoting bluesky100
Could somebody help me. I put the wav files in the Sound folder of my MT4 and set the voice value to false because I want to hear sound. When all 3 timeframes light up for a SELL and the currency box is also red, I get no sound. What am I doing wrong?
Bluesky100,

The voice alarms do not function yet in the latest release of the Dashboard as Carl mentioned here: http://www.forexfactory.com/showthre...61#post5495161

Greg
  • #6,282
  • Mar 21, 2012 12:30am Mar 21, 2012 12:30am
Wow. Stopped out on EURJPY, EURUSD, EURGBP, and USDCHF. Just what I was concerned about - correlated pairs and stops above/below the swing high/low.

I don't know why every time I walk away from my computer I get stopped out of every trade I'm in. Extremely frustrating.

I'm either going to have to start trading with recovery method (which I'm really not a fan of), or widen my stops a lot.

Really, really frustrating.
  • #6,283
  • Mar 21, 2012 12:38am Mar 21, 2012 12:38am
Quoting FXDawg
Wow. Stopped out on EURJPY, EURUSD, EURGBP, and USDCHF. Just what I was concerned about - correlated pairs and stops above/below the swing high/low.

I don't know why every time I walk away from my computer I get stopped out of every trade I'm in. Extremely frustrating.

I'm either going to have to start trading with recovery method (which I'm really not a fan of), or widen my stops a lot.

Really, really frustrating.
short time frames never can go opposite to long time frame.
You need wait to 1H and 4H before try short in support of long time frame.
  • #6,284
  • Mar 21, 2012 12:53am Mar 21, 2012 12:53am
Quoting FXDawg
Wow. Stopped out on EURJPY, EURUSD, EURGBP, and USDCHF. Just what I was concerned about - correlated pairs and stops above/below the swing high/low.

I don't know why every time I walk away from my computer I get stopped out of every trade I'm in. Extremely frustrating.

I'm either going to have to start trading with recovery method (which I'm really not a fan of), or widen my stops a lot.

Really, really frustrating.
FXDawg,

Sorry to hear about that. I am not a big fan of recovery either, but I am just now using it for the first time. Some time ago I widened my stops and that has worked well for me. Al has talked about this a lot and his words about giving the price action room to breathe is very important in this strategy and has resonated with me. In my opinion this also plays right into having the right psychology to be confident and know what your plan is and what you can expect from it. I think the expected results for tight stops vs. room to breathe are different.

Hope the next trades are more in your favor!

Greg
  • #6,285
  • Mar 21, 2012 1:14am Mar 21, 2012 1:14am
Quoting PeepCzar
Hi Al,

Just read the Recovery System document and I'm wondering what method 1.1.2.4 or 1.1.3.3 do you prefer to use? and why?

Your explanation is much appreciated...


Cheers...
There isnt that much difference between the two. The key thought is if you get to the third level the 1.1.3.3 will recover quicker there (3 lot versus 2 third level however, 3 lot versus 5 lot on the 4th) and the 1.1.2.4 will recover more quickly on the 4th level (2 lot to 2 lot 3rd but also 4 lot to 4 lot at the 4th level). My experience has been that I rarely go past 4 levels and also 3rd levels are more common to hit. So you will recover faster 1.1.3.3 since the third level is hit more often than the 4th level. In my trading when ever I add the 4th level I drop the 1st level and just take it as a loss. I try not to carry 4 levels at the same time. Just my experience on how I trade.
  • #6,286
  • Mar 21, 2012 1:20am Mar 21, 2012 1:20am
Gap to be closed on Dollar Index.
  • #6,287
  • Mar 21, 2012 2:39am Mar 21, 2012 2:39am
Quoting PeepCzar
Hi Forex Girl,

Thanks for the docs attached. When I was reading the first page, I came across the wording highlighted in red (please see the picture attached). Do you know, how does the user select the value of the particular TF? The reason I ask is because every time I open a chart in M15 TF, it shows "H1 = xyz" (Note: xyz is a value). Is it possible to change it to H4 for instance, instead of H1? If possible, what parameter is to be changed and where?

Your help is greatly appreciated...
Opèn the indi and change the first input to 60.
Observation is the path to discovery.
  • #6,288
  • Mar 21, 2012 2:41am Mar 21, 2012 2:41am
Quoting Forex Girl
Hi PeepCzar,

Yes. It is possible. Look at the chart below. I´ve changed to TF 4H.

Go to indicator list, select the TMA Slope v.1.4. Normalized Scalping. Then, select the inputs tab. On the second field (select other Tf to show) put the your chosen TF (1H=60, 4H=240...) Make sure it's the last version. Updated by our friend Shahrooz.
I´ll attached it.

Bye
Thanks a lot for you help, Forex Girl.
Observation is the path to discovery.
  • #6,289
  • Mar 21, 2012 2:43am Mar 21, 2012 2:43am
Quoting LuckyLurker
MY EU Sentiments. Live Example.
Very solid analysis. Thanks, Lucky.
Observation is the path to discovery.
  • #6,290
  • Mar 21, 2012 2:44am Mar 21, 2012 2:44am
price on top of the chanel.

http://i41.tinypic.com/25pi8lk.jpg

and a break in the line... im short with TP in 110.501 and SL 111.164

regards
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #6,291
  • Mar 21, 2012 2:45am Mar 21, 2012 2:45am
Quoting bluesky100
Could somebody help me. I put the wav files in the Sound folder of my MT4 and set the voice value to false because I want to hear sound. When all 3 timeframes light up for a SELL and the currency box is also red, I get no sound. What am I doing wrong?
Version 24 still does not have the voice alerts enabled. They will be enabled in the next version.
Observation is the path to discovery.
  • #6,292
  • Mar 21, 2012 2:47am Mar 21, 2012 2:47am
Quoting PeepCzar
Hi Al,

Just read the Recovery System document and I'm wondering what method 1.1.2.4 or 1.1.3.3 do you prefer to use? and why?

Your explanation is much appreciated...


Cheers...
I use 1-1-2-4, even though both are equally valid.
Observation is the path to discovery.
  • #6,293
  • Mar 21, 2012 2:50am Mar 21, 2012 2:50am
Quoting jfcamp
Hi Al, I read most of thread, really interesting. I taught to enter usdcad but after I saw your post I didnt and I decided to follow your positions on EURGBP and USDCHF. They are both negative right now and USDCAD is dropping. I used SL between 40-45 on both trades. Do you think I should give more space on H1?

thanks, JF
All of them are still valid. There was another leg up on the Euro which I did not expect, but the end result should still be the same. This is to show that during the Asian session, anything can happen in the very short term.
Observation is the path to discovery.
  • #6,294
  • Mar 21, 2012 2:51am Mar 21, 2012 2:51am
Quoting nitrate73
When is the big fall coming .... *tap tap tap* ...
I´m tapping too. Good things happen to those who wait.
Observation is the path to discovery.
  • #6,295
  • Mar 21, 2012 2:53am Mar 21, 2012 2:53am
Quoting bluewatercat
Bluesky100,

The voice alarms do not function yet in the latest release of the Dashboard as Carl mentioned here: http://www.forexfactory.com/showthre...61#post5495161

Greg
That is correct. They have not been enabled yet. Coming soon...
Observation is the path to discovery.
  • #6,296
  • Mar 21, 2012 2:54am Mar 21, 2012 2:54am
Quoting nitrate73
When is the big fall coming .... *tap tap tap* ...
  • #6,297
  • Mar 21, 2012 2:55am Mar 21, 2012 2:55am
Quoting FocusedonFX
Gap to be closed on Dollar Index.
Agree. Good point.
Observation is the path to discovery.
  • #6,298
  • Mar 21, 2012 2:59am Mar 21, 2012 2:59am
Going by the MTF ETMA, think the EU has signaled a potential short trade. Am I right?
  • #6,299
  • Mar 21, 2012 3:01am Mar 21, 2012 3:01am
Quoting FXDawg
Wow. Stopped out on EURJPY, EURUSD, EURGBP, and USDCHF. Just what I was concerned about - correlated pairs and stops above/below the swing high/low.

I don't know why every time I walk away from my computer I get stopped out of every trade I'm in. Extremely frustrating.

I'm either going to have to start trading with recovery method (which I'm really not a fan of), or widen my stops a lot.

Really, really frustrating.
I feel you were the victim of stop loss hunting during the thin Asian session, with things turning to normal in the London session. One of the reasons not to have a tight stop loss at night, The alternative is to wait for the morning session before entering the order. It stinks, but that is quite common at night unfortunately.
Observation is the path to discovery.
  • #6,300
  • Mar 21, 2012 3:03am Mar 21, 2012 3:03am
Quoting Milanista
Going by the MTF ETMA, think the EU has signaled a potential short trade. Am I right?
Yes. You are right. My 1-2-3-Test formation has still not been confirmed by the Coral crossing the 200 MA but we may get it this morning.
Observation is the path to discovery.
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