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Extreme TMA System

  • #6,881
  • Mar 23, 2012 5:30am Mar 23, 2012 5:30am
I´m leaving for Marbella for the weekend shortly. I am still holding my positions. I will try to answer questions when I have some time between golf and fine dining. Have a good one friends.
Observation is the path to discovery.
  • #6,882
  • Mar 23, 2012 5:33am Mar 23, 2012 5:33am
Cheers, have a good weekend.
See you on this thread next week.
  • #6,883
  • Mar 23, 2012 5:34am Mar 23, 2012 5:34am
Have a good time and enjoy yourself Al
You have well earned this break!
  • #6,884
  • Mar 23, 2012 5:36am Mar 23, 2012 5:36am
Enjoy your vacation Al you deserve it!
  • #6,885
  • Mar 23, 2012 5:48am Mar 23, 2012 5:48am
Quoting Alorente
I´m leaving for Marbella for the weekend shortly. I am still holding my positions. I will try to answer questions when I have some time between golf and fine dining. Have a good one friends.
Enjoy the break, Al. This system is very interesting to me, so I thiank you in advance for your knowledge and the desire to share it!
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #6,886
  • Mar 23, 2012 5:53am Mar 23, 2012 5:53am
Have a great weekend Al
Tracking the Specialists.
  • #6,887
  • Mar 23, 2012 6:02am Mar 23, 2012 6:02am
How frustrating. The same entry on the G/U is still about 20 pips in profit, whereas my entry at the same time on the E/U is now in a very slight deficit. Is this sort of thing to be expected with this system or should I be looking to exit? Incidentally, the last HA candle on the M15 E/U chart closed as blue. Could this also be an exit signal or should I hold?
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #6,888
  • Mar 23, 2012 6:10am Mar 23, 2012 6:10am
Have fun Al!

Could this be our pattern now? Weekly Eu neckline is holding.
Steve
Attached Image (click to enlarge)
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  • #6,889
  • Mar 23, 2012 6:27am Mar 23, 2012 6:27am
I really should have more patience. The E/U seems to be moving nicely now., Although I do have another quick question (Many thanks to all the hard working guys that are helping us newcomers out!)

On the original upload of my entry image, the TMA slope was under +50, so it meant entry was ok. Looking at it now, it has repainted to green and displaying a value greater than 50 at the point I originally entered (Still marked with a vertical red line). My question is; is this repainting normal. I seem to remember seeing elsewhere in the thread that it is, but I always like to get confirmation from people who really know what they're doing.
Attached Image (click to enlarge)
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In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #6,890
  • Mar 23, 2012 6:46am Mar 23, 2012 6:46am
Quoting By_Tor2114
I really should have more patience. The E/U seems to be moving nicely now., Although I do have another quick question (Many thanks to all the hard working guys that are helping us newcomers out!)

On the original upload of my entry image, the TMA slope was under +50, so it meant entry was ok. Looking at it now, it has repainted to green and displaying a value greater than 50 at the point I originally entered (Still marked with a vertical red line). My question is; is this repainting normal. I seem to remember seeing elsewhere in the thread that...
TMA and TMA slope can repaint up to 56 bars, so it's normal!
  • #6,891
  • Mar 23, 2012 7:01am Mar 23, 2012 7:01am
Quoting Olarion1975
TMA and TMA slope can repaint up to 56 bars, so it's normal!
Many thanks, Olarion.

Has this repainting issue caused any issues with entry etc? Personally, it looks good so far, as I'm now about 30 pips up on my E/U trade! I might even be adventurous enough to say "hurrah!"
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #6,892
  • Mar 23, 2012 7:06am Mar 23, 2012 7:06am
I recall Al telling us to ignore past TMA slope changes after entry.
  • #6,893
  • Mar 23, 2012 7:13am Mar 23, 2012 7:13am
Quoting stevewide
I recall Al telling us to ignore past TMA slope changes after entry.
Is that including the conservative exit stratergy, as outlined in the initial post; close position if the TMA slope closes a bar in the opposite direction of the trend you were following? I just saw a TMA bar close in the opposite direction, so I closed for 26 pips. Maybe I could have held on longer, as it could have gone another 25 pips to the other side of the M15 band.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #6,894
  • Mar 23, 2012 7:16am Mar 23, 2012 7:16am
EU - it will be interesting to see if the coral becomes support again.
  • #6,895
  • Mar 23, 2012 7:16am Mar 23, 2012 7:16am
nice to see it again.
Attached Image (click to enlarge)
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  • #6,896
  • Mar 23, 2012 7:26am Mar 23, 2012 7:26am
Quoting By_Tor2114
Is that including the conservative exit stratergy, as outlined in the initial post; close position if the TMA slope closes a bar in the opposite direction of the trend you were following? I just saw a TMA bar close in the opposite direction, so I closed for 26 pips. Maybe I could have held on longer, as it could have gone another 25 pips to the other side of the M15 band.
"ignore past TMA slope changes" not present ones. Congratulations on an excellent quick trade! Steve
  • #6,897
  • Mar 23, 2012 7:30am Mar 23, 2012 7:30am
As I undestood the System we should go long EURUSD, GBPUSD, AUDUSD and EURJPY now.. There are signals on all these pairs
  • #6,898
  • Mar 23, 2012 7:30am Mar 23, 2012 7:30am
Good point, Steve. It's easy for me to miss the simple details!

I'm still sightly sore that I didn't go for the G/U trade, as it went for about 55 pips, but it's all about making a good trade and being able to stay in the water long enough to catch the big wave. A 26 pip win is definitely preferable to a 26 pip loss!

Many thanks to all who have been answering my questions. It's already been a huge help.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #6,899
  • Mar 23, 2012 7:31am Mar 23, 2012 7:31am
Quoting fxtrader2k7
Very good jnfer. You are just about break-even on the trades for both G/J & E/G. However, you have a big negative swap. Do you plan on trying to recover all or some of that too?
no, i count the total gain (you can see there 4k+ green).
The position has been closed.
  • #6,900
  • Mar 23, 2012 7:32am Mar 23, 2012 7:32am
Quoting odellcash
1.3250? I assume you mean 1.3150 whihc was the lower 1H band from yesterday that I am speaking of.

TMA lines aren't random lines, they are influenced (as any trend line is) by price action near strong S/R. So sure round numbers come in the play. Interestingly, you don't mention 1.32, an even stronger round number, that price blew right through. My point is that the TMA correctly identified which round number it would bounce off of.
Price will blow through every TMA and Round Numbers whenever it wants to, and of course I'm not mentioning 1.32 because it has been violated many times during March, so no value for it, but you don't need TMA for that info.
Just look at a naked chart and you'll see that 1.325 and 1.330 have been the resistance levels for 3 weeks.
Anyway I love TMA it makes it easier, but I never forget the big picture and basic S/R
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