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Extreme TMA System

  • #7,081
  • Mar 25, 2012 9:08pm Mar 25, 2012 9:08pm
Quoting faxxion
I just put on short AUDUSD. Long EURAUD, EURJPY, EURUSD, USDJPY. This is a scalping setup. We will see. I might sleep???

William

edit: misspelled the word "see"
long ej? i dont see an extreme on 5min or anything
  • #7,082
  • Mar 25, 2012 9:09pm Mar 25, 2012 9:09pm
Quoting faxxion
I just put on short AUDUSD. Long EURAUD, EURJPY, EURUSD, USDJPY. This is a scalping setup. We will see. I might sleep???

William

edit: misspelled the word "see"
My M5 bands are not touched yet on any of these pairs. Maybe a bit earlier?
Follow me to the Promised Land
  • #7,083
  • Mar 25, 2012 9:17pm Mar 25, 2012 9:17pm
Quoting fxfury
long ej? i dont see an extreme on 5min or anything
It's not. Just me.
may you find what you seek and trade what you find
  • #7,084
  • Mar 25, 2012 9:19pm Mar 25, 2012 9:19pm
Quoting xlitang
My M5 bands are not touched yet on any of these pairs. Maybe a bit earlier?
I am combining a couple of systems. I should not have posted.
may you find what you seek and trade what you find
  • #7,085
  • Mar 25, 2012 9:21pm Mar 25, 2012 9:21pm
Quoting pipcollector
I like this EA for closing trades with an MA -- never fails for me. Is this the type of thing you were looking for?
I hope so, let me check it out. Thanks. Will it work on all pairs from one location?
  • #7,086
  • Mar 25, 2012 10:52pm Mar 25, 2012 10:52pm
Quoting domino01
Last week was a reminder that the market can be wrong for a longer period than I can afford to be right. The importance of trading small lot sizes has been emphasised by Al on innumerable occasions. Al, correct me if I am wrong but with this system using the recovery method instead of stop losses is recommendable. With the recovery method the initial trade should be small enough as to enable the trader to use the recovery method. (e.g. trading 0.5 lots with $5,000 equity you will end up never reaching the 3 phase of the recovery method and blowing...
Hello Domino, Yes you are correct. This system is not a trend following system. It attempts to catch extreme prices for swings to the opposite extreme. Thus, you will do better with Recovery than with stop losses. As you say, it is very important to use small positions relative to your account size. 5% per position is a good round number that will keep you out of trouble.
Observation is the path to discovery.
  • #7,087
  • Mar 25, 2012 11:03pm Mar 25, 2012 11:03pm
Quoting Nut
Hi Al and everybody else

I have been following this thread for a couple of weeks now and I am still busy trying to read earlier posts I think are relevant to the system. What I find impressive is the number of people who have made positive contributions. Thanks to everybody for that. Therefore I decided to make a little contribution myself.

For many years I studied the work of JM Hurst who was perhaps one of the earliest to study stock market cycles using computers. He did use moving averages to obtain price targets buy shifting them backwards...
I find your contribution very useful. Thanks. I will test your method in the upcoming days. I asume you are using M15 and H1 TMAs to get your price projections?

I have also been trading since the 80Žs and I agree with you that the Slope Indi is the most accurate I have ever used also.

PS answer: Ranging.
Observation is the path to discovery.
  • #7,088
  • Mar 25, 2012 11:08pm Mar 25, 2012 11:08pm
Quoting nanningbob
I always do my recoveries manually, however, Steve Hopwood's THE BEAST EA has it programmed in. You can find the coding there but I dont know any individual EA that just does Recovery. I use my 10.0 reads for all my recovery trades and I use the outside-in -- O.I. EA. That is found in the 10.0 thread for recovery. The EA waits for price to go into range mode before trying to do recovery. However, here in AL's thread using the 5M and 15M charts recovery is done slightly differently. Since I have not read the whole thread I am not sure what Al has...
Hi Bob,

For M15 trading I use -100 pips. That seems to work out perfectly. Thanks.
Observation is the path to discovery.
  • #7,089
  • Mar 25, 2012 11:15pm Mar 25, 2012 11:15pm
Quoting DrDave
Becaue there can be a BETTER way. Wasn't walking a good way to travel? People traveled this way for thousands of years, and continue to do so. Someone connected a cart to an animal and found out it is posible to go further with less effort than walking. Someone else replaced the animal with an engine... Get the point? Just because it is already GOOD doesn't mean that some CHANGE won't provide some type of benefit.

Look at the colored slope indicator. Why not just leave it with a totally white histogram? It tells the same information no matter...
I agree with you, Dave. Life is in constant flux, so to remain static relative to it, change is absolutely necessary. Remaining static thus, would produce a completely unnatural and real change.
Observation is the path to discovery.
  • #7,090
  • Mar 25, 2012 11:16pm Mar 25, 2012 11:16pm
Quoting shahrooz67
HI AL

That is no problem , if you still need this just let me know ( I wonder if some one else has done it before , if not , just confirm this to start my work)


Regards
Shahrooz
Hello Shah. Yes, we still need this change. Thanks.
Observation is the path to discovery.
  • #7,091
  • Mar 25, 2012 11:18pm Mar 25, 2012 11:18pm
Quoting aren
In h4 or other time frame, we can use the advanced swing trading to Predict and identify the price.
From the close price of A,B,C, calculating the price of D.

it's amazing!
This would be similar to Fibonacci expansion, correct? Can you please detail how you arrive at D? Thanks.
Observation is the path to discovery.
  • #7,092
  • Mar 25, 2012 11:18pm Mar 25, 2012 11:18pm
Nice to see you Al. How was the vaca?
USD Est Non Mortuus
  • #7,093
  • Mar 25, 2012 11:26pm Mar 25, 2012 11:26pm
Quoting JoaoOliveira
Does someone still holding gbp/usd and eur/usd short?

I am.
I am too.
Observation is the path to discovery.
  • #7,094
  • Mar 25, 2012 11:30pm Mar 25, 2012 11:30pm
Quoting LuckyLurker
Nice to see you Al. How was the vaca?
A lot of fun, though the weather could have been better. Thanks.
Observation is the path to discovery.
  • #7,095
  • Mar 25, 2012 11:41pm Mar 25, 2012 11:41pm
Quoting Alorente
A lot of fun, though the weather could have been better. Thanks.
nice. good pips make up for bad weather.
USD Est Non Mortuus
  • #7,096
  • Mar 25, 2012 11:47pm Mar 25, 2012 11:47pm
Good Morning, guys.

Here are two charts. The first one is the EurUsd Daily, showing the channel of the drop weŽve had since Aug. The second chart is a M15 showing the top wall of the channel. As you can see, we are very close to it. I expect a turn south in price, respecting the channel wall. I also expect a repaint of the H4 top band, so that it ends up inside the channel wall. For this to happen, we should get a nice drop today and/or tomorrow. WeŽll see.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd daily.jpg Size: 122 KB
Click to Enlarge Name: eurusd.jpg Size: 102 KB
Observation is the path to discovery.
  • #7,097
  • Mar 26, 2012 12:58am Mar 26, 2012 12:58am
Hi Al

Please check your e-mail
  • #7,098
  • Mar 26, 2012 1:29am Mar 26, 2012 1:29am
EU - just bounced off 200 MA
  • #7,099
  • Mar 26, 2012 1:33am Mar 26, 2012 1:33am
Quoting handy148
EU - just bounced off 200 MA
Setup on the M15 looks to be on the way soon
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #7,100
  • Mar 26, 2012 1:39am Mar 26, 2012 1:39am
yes it does but waiting to see if we get a candle close < 200 MA
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