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Extreme TMA System

  • #6,841
  • Mar 23, 2012 3:01am Mar 23, 2012 3:01am
Quoting imbonitore
The only mistake here is that we all have forgotten the basis of this strategy and the expectations were on the 4hr chart .... if you look at smaller charts strategy works 100% (15 min, 30, 1hr) .... This does not mean that the market will go up but it takes time to make the picture complete
Very good point, Imbo. The market needed to release steam to the other band of H1 TMA, even if it is just temporarily. I still have my target on the H4 lower band. I am commited to that target as well as a breakdown on the Daily to 1.26.
Observation is the path to discovery.
  • #6,842
  • Mar 23, 2012 3:06am Mar 23, 2012 3:06am
I am still holding on my short here. Given the fact that it is Friday, this could just be a false breakout. Nevertheless, I will exit at the end of the day with a good profit.
  • #6,843
  • Mar 23, 2012 3:07am Mar 23, 2012 3:07am
Quoting Alorente
Very good point, Imbo. The market needed to release steam to the other band of H1 TMA, even if it is just temporarily. I still have my target on the H4 lower band. I am commited to that target as well as a breakdown on the Daily to 1.26.
I agree....big money is in the game. That surely upward movement was not only taking a profit. Some big money came in and bought it up to delay the forming of the H4 chart H & S pattern.

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  • #6,844
  • Mar 23, 2012 3:08am Mar 23, 2012 3:08am
Quote
I still have my target on the H4 lower band. I am commited to that target as well as a breakdown on the Daily to 1.26.

It should be expected that the 15M TMA would bounce back and forth in the 1H TMA, which in turn will bounce back and forth in the 4H. And it does appear that it will do exactly that. I think it will head back down, but I wonder if we should have taken profits at the 1H band and allowed the price to reset for the next fall. (Assuming we only want to stay with the 4H trend
  • #6,845
  • Mar 23, 2012 3:08am Mar 23, 2012 3:08am
Attached Image (click to enlarge)
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usd dollar index meet it support, hopefully it's wont break..
  • #6,846
  • Mar 23, 2012 3:09am Mar 23, 2012 3:09am
Quoting Alorente
Very good point, Imbo. The market needed to release steam to the other band of H1 TMA, even if it is just temporarily. I still have my target on the H4 lower band. I am commited to that target as well as a breakdown on the Daily to 1.26.
I always remember that the only price that counts is the exit price. If you leave yourself room for swings by trading a small percentage of your account, what happens between your entry and your exit is just noise. It would have been nice to trade the noise, but when you commit to an exit level, it is not a good idea to keep changing your goal. Unless of course, the technicals change. They havenīt so far. The last swing high at 1.3253 is still unbroken and the trend is still down.
Observation is the path to discovery.
  • #6,847
  • Mar 23, 2012 3:11am Mar 23, 2012 3:11am
Quoting imbonitore
I agree....big money is in the game. That surely upward movement was not only taking a profit. Some big money came in and bought it up to delay the forming of the H4 chart H & S pattern.

Attachment
Excellent chart !! Please, add this chart to your records and check it often.
Observation is the path to discovery.
  • #6,848
  • Mar 23, 2012 3:13am Mar 23, 2012 3:13am
Still holding positions at -90 pips
  • #6,849
  • Mar 23, 2012 3:14am Mar 23, 2012 3:14am
What is your position?

Quoting grechmar
Still holding positions at -90 pips
  • #6,850
  • Mar 23, 2012 3:16am Mar 23, 2012 3:16am
Everyone is talking about EurUsd this morning.
I do not have a position in that yet. Was looking to sell at maybe 1.3260 H4 band or 1.3270 R2.

How about GbpUsd, looks good to sell at about 1.5890?
  • #6,851
  • Mar 23, 2012 3:16am Mar 23, 2012 3:16am
Quoting imbonitore
I agree....big money is in the game. That surely upward movement was not only taking a profit. Some big money came in and bought it up to delay the forming of the H4 chart H & S pattern.

Attachment
Great to read your input on this thread. Thank you.
  • #6,852
  • Mar 23, 2012 3:18am Mar 23, 2012 3:18am
Quoting odellcash
It should be expected that the 15M TMA would bounce back and forth in the 1H TMA, which in turn will bounce back and forth in the 4H. And it does appear that it will do exactly that. I think it will head back down, but I wonder if we should have taken profits at the 1H band and allowed the price to reset for the next fall. (Assuming we only want to stay with the 4H trend
Yes. In hindsight, we should have traded the H1 band in the understanding that even though price should make it to H4 lower band, it would have been nice to profit from the H1 while it does so.
Observation is the path to discovery.
  • #6,853
  • Mar 23, 2012 3:19am Mar 23, 2012 3:19am
Quoting normtold
Everyone is talking about EurUsd this morning.
I do not have a position in that yet. Was looking to sell at maybe 1.3260 H4 band or 1.3270 R2.

How about GbpUsd, looks good to sell at about 1.5890?
Iīm still holding my short on GbpUsd too.
Observation is the path to discovery.
  • #6,854
  • Mar 23, 2012 3:22am Mar 23, 2012 3:22am
Quote
If you leave yourself room for swings by trading a small percentage of your account

Great point! And trading 4H bands will certainly have pretty large swings. It's like your position that you've had in the Euro for months now, obviously massive swings involved. But with correct position size and patients, (and correct TA) in the end you should reach target.
  • #6,855
  • Mar 23, 2012 3:26am Mar 23, 2012 3:26am
Quote
Yes. In hindsight, we should have traded the H1 band in the understanding that even though price should make it to H4 lower band, it would have been nice to profit from the H1 while it does so.

The bounce off the 1H is just another superb example of the Extreme TMA working to perfection and I think I've learned a lot watching it unfold.
  • #6,856
  • Mar 23, 2012 3:42am Mar 23, 2012 3:42am
eurusd is testing a strong line right now...

L.
  • #6,857
  • Mar 23, 2012 3:45am Mar 23, 2012 3:45am
Good point, zooming right on on a M15 or H1 chart really lets you see how the bands interact.

I have to remind myself to stick to the rules on page one, look for price to pierce the upper band of M15 but I am a cautious trader so always wait for price to be near the H1 band too and look for S/R level nearby, if TMA slope is in favour or ranging then take a position.

If price goes against me then at least it should not have so far to go before a retracement.
  • #6,858
  • Mar 23, 2012 3:49am Mar 23, 2012 3:49am
Quoting odellcash
The bounce off the 1H is just another superb example of the Extreme TMA working to perfection and I think I've learned a lot watching it unfold.
I'm sorry to disappoint you, but it did bounced off a round number (1.3250) which was by chance where the h1 TMA was at the time
Not to take some value off TMA, but round numbers are seen by the entire planet while TMA is not
Max
  • #6,859
  • Mar 23, 2012 3:50am Mar 23, 2012 3:50am
Attached Image (click to enlarge)
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Quoting lucatony29
I will explain tomorow, now i must go home a hard day 10h trade, i like to help new traders. ok, bye now see you.
Hi All, I said yesturday i will give you some tips for how i use the Fibonacci Expansion.
I like to excuse me, my english is not so well.
1.First step is to find signal for posibil trend ending, exemple:
a) a break of a trendline
b) a retest of that trendline, is important to not pas the previos high.
c) i mesure the impulse that what he break the trendline with Fibonacci Retracement,
and if i have a retracment betwen 50%-100% of the impulse i use expansion to see what will be the target for the next impulse.
2. I made my first one entry if price is above/below 50%,
and after that if price go higher i use recoveri sistem but not more than 2-3 step,
depending on how long is for the Higher-high point were i put a SL.
.
  • #6,860
  • Mar 23, 2012 3:54am Mar 23, 2012 3:54am
Quoting normtold
Good point, zooming right on on a M15 or H1 chart really lets you see how the bands interact.

I have to remind myself to stick to the rules on page one, look for price to pierce the upper band of M15 but I am a cautious trader so always wait for price to be near the H1 band too and look for S/R level nearby, if TMA slope is in favour or ranging then take a position.

If price goes against me then at least it should not have so far to go before a retracement.
Very good point. If you enter the trade when priced is already stretched at the H1 band, even if it goes against you, it wonīt be long before it reverses. My "mistake" on this one was being overly committed to my medium term target and not wanting to miss the real ride down. Many times in my past, I have missed the big move by getting a bit too greedy and trading the swings. Still, I have to believe in MTF TMA. The more I see it, the more convinced I am that it works like clockwork. Yes, I want the big move, but I have to really "trust" that the smaller moves are going to happen also and profit from them. In the end, I am convinced that I will make a lot of pips when the move develops, but I kick myself because I am leaving a bunch of additional pips on the table.
Observation is the path to discovery.
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