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Extreme TMA System

  • #6,921
  • Mar 23, 2012 10:15am Mar 23, 2012 10:15am
Quoting N11
Well the number of pages in the topic doesnt mean much

I would much rather see a consistent 400+ pip profit on live account each month

Has anyone credible posted any proof of this method working?
N11,

The gentleman who responded to your question, nanningbob, is one of the most credible traders on any forum here at FF.

William
may you find what you seek and trade what you find
  • #6,922
  • Mar 23, 2012 10:19am Mar 23, 2012 10:19am
Quoting candletiger
That would be fully correct if the system would be just based on the current signals. For the formal rules that is also correct.
But there is still a lot of additional advice to use (or filter) trade opportunities based on analysis of the past like looking for divergence on the slope, how the channels have moved etc.

But let's assume, the system just works on the formal (documented) rules, i.e. using just the signals as given, the question is: why is it needed that the TMA is repainting at all? Why not leave the current values as-is? At...
The TMA is kind of like a smoothed out BB. The big difference is the band width is decided by ATR so they dont collapse and expand like BB do. Again the real reason there is success is the market ranges about 70% of the time. If you use a range trading system and a little common sense with fundamentals your winners will clearly out weigh your losers. Any decent range or envelope system, whether TMA, BB, Vegas, or any others, will have a high rate of success if you keep yourself within a sound money management system. Watch out for those occasional super runs and you can have a successful trading career. I have used TMA in the past but only as a signal. If it tells me that a trading opportunity is presenting itself I use some other information and then pull the trigger or not pull the trigger. Most of the time the signal will be good. There is one truth that is 100% true all the time in forex. What goes up must come down and what goes down must come up. There will always be re-tracements in the market. Forex is about business transactions and business transactions will go both ways. Yes one direction may dominate another for a period of time but even in that domination there are regressions/rertracements in price.
  • #6,923
  • Mar 23, 2012 10:19am Mar 23, 2012 10:19am
Quoting faxxion
N11,

The gentleman who responded to your question, nanningbob, is one of the most credible traders on any forum here at FF.

William
Yes i know him. But what counts is only live proof. I heard that people use martiganale strategy to recover losses in this strategy so im very much sceptical about it.
  • #6,924
  • Mar 23, 2012 10:26am Mar 23, 2012 10:26am
short in for EU and GU
Follow me to the Promised Land
  • #6,925
  • Mar 23, 2012 10:27am Mar 23, 2012 10:27am
Quoting nanningbob
Watch out for those occasional super runs and you can have a successful trading career.
Hehe those super runs as you call them are those trades which will blow your account when using martiganale strategy. And you cant really spot them before its too late.

Anyway good luck with it.
  • #6,926
  • Mar 23, 2012 10:29am Mar 23, 2012 10:29am
Quoting xlitang
short in for EU and GU
Me too.

L.
  • #6,927
  • Mar 23, 2012 10:31am Mar 23, 2012 10:31am
Quoting N11
Hehe those super runs as you call them are those trades which will blow your account when using martiganale strategy. And you cant really spot them before its too late.

Anyway good luck with it.
Well this is my last post because its time for bed for me. No one here is using martingale strategy. I dont teach Martingale trading and neither does Al. We do use recovery trades and we do not blow up accounts. If you call recovery trading martingaling then you are 100 % misrepresenting it. I have written enough, this is AL's thread. Night.
  • #6,928
  • Mar 23, 2012 10:34am Mar 23, 2012 10:34am
Faxxion,

You are spot on with this comment. Until I found Nanningbob thread a while back, my trading and understanding of the markets was a bit foggy. Between Al's approach and Nanningbobs rock solid technique I hope to clear that fog up for good! The two systems combined should be deadly as I am seeing so far. Thanks to all who have contributed!

Lionsden
Quoting faxxion
N11,

The gentleman who responded to your question, nanningbob, is one of the most credible traders on any forum here at FF.

William
  • #6,929
  • Mar 23, 2012 10:35am Mar 23, 2012 10:35am
Quoting N11
Well the number of pages in the topic doesnt mean much
I would much rather see a consistent 400+ pip profit on live account each month

Has anyone credible posted any proof of this method working?
I suspect that the only proof that you would consider credible is your own forward testing results. I look forward to seeing you post the results here next month.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #6,930
  • Mar 23, 2012 10:40am Mar 23, 2012 10:40am
Quoting N11
Yes i know him. But what counts is only live proof. I heard that people use martiganale strategy to recover losses in this strategy so im very much sceptical about it.
N11,

Personally, Recovery is not my chosen form of money management. However, Recovery is not Martingale.

Martingale just continues to double your bet until hopefully your trade becomes profitable or, at some point, your account implodes. Recovery uses a progression of trades, which are usually successful. However, there is a precalculated point where you just take your loss.

So you enter a Martingale with nothing but hope. You enter Recovery with predefined entries, exits, profits and losses all known in advance.

I am just trying to help. I am not being confrontational.

William
may you find what you seek and trade what you find
  • #6,931
  • Mar 23, 2012 10:41am Mar 23, 2012 10:41am
Quoting jaau
Me too.

L.
I might be joining you both if the candle closes red (Yes, I'm conservative in my entries).
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #6,932
  • Mar 23, 2012 10:44am Mar 23, 2012 10:44am
Quoting jaau
Me too.

L.
Just curious what your targets are for either of these trade either Jauu or Xlitang.

Thanks
Robert
  • #6,933
  • Mar 23, 2012 10:45am Mar 23, 2012 10:45am
Quoting By_Tor2114
I might be joining you both if the candle closes red (Yes, I'm conservative in my entries).
Sounds good too, friend.

L.
  • #6,934
  • Mar 23, 2012 10:47am Mar 23, 2012 10:47am
Quoting jaau
Sounds good too, friend.

L.
Argh! They both closed blue, but only just... As tempting as it is to jump in anyway, I always prefer to stick exactly to the rules I plan to follow, otherwise I'll just go nuts
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #6,935
  • Mar 23, 2012 10:50am Mar 23, 2012 10:50am
The AUD/USD is looking like giving a good M15 setup soon, too.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #6,936
  • Mar 23, 2012 10:59am Mar 23, 2012 10:59am
Quoting By_Tor2114
Argh! They both closed blue, but only just... As tempting as it is to jump in anyway, I always prefer to stick exactly to the rules I plan to follow, otherwise I'll just go nuts
I agree!

We have to be hard like steel!

L.
  • #6,937
  • Mar 23, 2012 10:59am Mar 23, 2012 10:59am
Quoting Surfnomad
Just curious what your targets are for either of these trade either Jauu or Xlitang.

Thanks
Robert
If it went to mid band I will be more than happy to exit sine it is Friday.
Follow me to the Promised Land
  • #6,938
  • Mar 23, 2012 10:59am Mar 23, 2012 10:59am
Quoting By_Tor2114
The AUD/USD is looking like giving a good M15 setup soon, too.
audusd looks perfect to a short.

L.
  • #6,939
  • Mar 23, 2012 10:59am Mar 23, 2012 10:59am
Quoting jaau
I agree!

We have to be hard like steel!

L.
Ok... I'm in on E/U. Let's hope it's quicker to catch up to the G/U than it was the first time today!
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #6,940
  • Mar 23, 2012 11:02am Mar 23, 2012 11:02am
Quoting xlitang
If it went to mid band I will be more than happy to exit sine it is Friday.

Thank you sounds like a good technical rule based target
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