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Extreme TMA System

  • #7,201
  • Mar 26, 2012 10:25am Mar 26, 2012 10:25am
Quoting Connected
http://hostmypic.net/pictures/86f8f5...246318d429.jpg
To be fair, with London just having closed, it could be a long and drawn out payback!
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #7,202
  • Mar 26, 2012 10:27am Mar 26, 2012 10:27am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Hi to everyone, I have been following various forums on this site for over 2 years now it's one of the few sites that allow's downloads without subcribing to the site so I have been reading and testing every indicator and system I can and with the TMA it's only been a few weeks but I used the recovery on friday and have been following the system and I finaly suscribed just to say Thank You I found a missing piece to my trading style in your teachings, it showed me to look at the bigger picture.

So thank you AL,
Of all the things I've lost I miss my mind the most .
  • #7,203
  • Mar 26, 2012 10:29am Mar 26, 2012 10:29am
eur usd 26 mart.jpg
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  • #7,204
  • Mar 26, 2012 10:36am Mar 26, 2012 10:36am
Quoting imbonitore
eur usd 26 mart.jpg
same. 1.33207
USD Est Non Mortuus
  • #7,205
  • Mar 26, 2012 10:40am Mar 26, 2012 10:40am
Quoting imbonitore
eur usd 26 mart.jpg
Love the chart.
  • #7,206
  • Mar 26, 2012 10:59am Mar 26, 2012 10:59am
1212png_5111437_4355805.jpg
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  • #7,207
  • Mar 26, 2012 11:05am Mar 26, 2012 11:05am
Quoting Mr C
Hi to everyone, I have been following various forums on this site for over 2 years now it's one of the few sites that allow's downloads without subcribing to the site so I have been reading and testing every indicator and system I can and with the TMA it's only been a few weeks but I used the recovery on friday and have been following the system and I finaly suscribed just to say Thank You I found a missing piece to my trading style in your teachings, it showed me to look at the bigger picture.

So thank you AL,
You are welcome. Nice to have you with us.
Observation is the path to discovery.
  • #7,208
  • Mar 26, 2012 11:17am Mar 26, 2012 11:17am
who has a problem with the positions can be taken at the end of office hours 7-10 pips with greater lotd .... strategies of my friends (Brankica)

“5 Minute Silence Time”.
First of all I want to note that I’m not using Stochastics in my analysis and also my swing trades and I don’t like indicators at all but in this scalp method we are going to use this famous indicator as I had worked with stochastics almost 3years before. Method Profile:
1. EURUSD M5 Chart
2. Stochastic 14,3,3
3. 80 and 20 levels on the stochastics indicator
4. Profit target are 7pips and 10pips
5. Stop loss is 15pips
How to Trade:
General rule of trading is to trade only once a day and after 15:00 New York time. After 3 pm we wait for stochastics to go above 80 or below 20 and exactly at the close of that candle we will go short or long respectively.
Look at the chart below, this was the previous signal for last day:

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: silence time 2.jpg Size: 190 KB


There is another rule here: If at 15:00 stochastic was already above 80 or below 20 then you should wait for it to go around 60 (for the first case) and go around 40 (for the second case) and then wait for a buy or sell signal.
This is called Stochastic neutral zone in this method, so if stochastic was already in the strike zone then you should wait for it to go in the neutral zone and then wait for a signal.
Here I have to note that all signals are based on K% in stochastics, so you should wait for the K% to go above 80 or below 20 for a signal. This method works great in low volatility market, I choose after 15:00 NY time because of this issue. So we can use this method whenever we find out price action is narrow and volume is too low such as this week and also holidays.
  • #7,209
  • Mar 26, 2012 11:29am Mar 26, 2012 11:29am
Hello everyone,
I have seen two matters for quiet some time in this thread and especially all day today and just could not help myself to not say nothing.. so excuse me in advance..
people talk about eu diverging.. this is where absolute reliance on your indicators will fail you without true sense of what price is actually doing.. your indi's are showing divergence while pa is just simply showing slow downs and at best a normal pullback after a big up move and a indication of a possible direction change.. this is yet far from a assumption of a major drop or a reverse..forcing idea's to your need is what this is look like, you get my drift here.Predicting is the worst thing you can do to your trading career.
I see again, people taking all these crazy premature reversals and now hope for recovery to save them.. recovery or any kind of hedge or tactics in this sort of nature will not work in the end and will demolish accounts sooner or later in one or two or a few trend against moves, its just a matter of time, unless your one of the big guns or got a very large account.. big account, much much bigger than AL's and mine.. you atta be a major playaaa to pull that off consistently to actually be in a winning side. even if you do pull off a few of these recovery tactics, it will drain you so much mentally and maybe physically that will eventually lead to lack of confidence in different areas and mostly when comes to actually the ability for pulling the trigger. Hoping is the worst thing you can do to your trading career.
Al may not like the comments above but it is a fact, sorry brother.. there is a lot of young followers here and the recovery and premature reversals are dangerous and will be detrimental to their account, but maybe not be so for you for whatever reason and that is a big maybe in my overall opinion.

anyways, be careful everyone this was just a brotherly advice with care that's all.

regards,
Dean
  • #7,210
  • Mar 26, 2012 11:49am Mar 26, 2012 11:49am
Quoting imbonitore
who has a problem with the positions can be taken at the end of office hours 7-10 pips with greater lotd .... strategies of my friends (Brankica)

“5 Minute Silence Time”.
First of all I want to note that I’m not using Stochastics in my analysis and also my swing trades and I don’t like indicators at all but in this scalp method we are going to use this famous indicator as I had worked with stochastics almost 3years before. Method Profile:
1. EURUSD M5 Chart
2. Stochastic 14,3,3
3. 80 and 20 levels on the stochastics indicator
4. Profit...
I'll test it, thank you imbonitore!

Sabrina
  • #7,211
  • Mar 26, 2012 11:55am Mar 26, 2012 11:55am
Quoting P.Dean
Hello everyone,
I have seen two matters for quiet some time in this thread and especially all day today and just could not help myself to not say nothing.. so excuse me in advance..
people talk about eu diverging.. this is where absolute reliance on your indicators will fail you without true sense of what price is actually doing.. your indi's are showing divergence while pa is just simply showing slow downs and at best a normal pullback after a big up move and a indication of a possible direction change.. this is yet far from a assumption of...
Thanks Dean. I agree with part of what you said. Still, the Extreme TMA system is based on precisely making pips on reversal. I am not sure if you are a trend follower because you did not specify what system you follow, but you sound like you may be one. Done correctly and with discipline, Recovery is a sound system. I agree that Hopium is very damaging to your trading career but I don´t see that this system has anything to do with that. Thanks for your post.
Observation is the path to discovery.
  • #7,212
  • Mar 26, 2012 11:59am Mar 26, 2012 11:59am
Well so far we don't have a candle close > H4 band but most of the indis are still pointing up so we may get one sooner or later.
  • #7,213
  • Mar 26, 2012 12:29pm Mar 26, 2012 12:29pm
Quoting P.Dean
Hello everyone,
I have seen two matters for quiet some time in this thread and especially all day today and just could not help myself to not say nothing.. so excuse me in advance..
people talk about eu diverging.. this is where absolute reliance on your indicators will fail you without true sense of what price is actually doing.. your indi's are showing divergence while pa is just simply showing slow downs and at best a normal pullback after a big up move and a indication of a possible direction change.. this is yet far from a assumption of...
Au contraire mon frere. I appreciate your words and am sure you have more experience than I. But I would be remiss if I didn't let you know the feelings that I and most in this thread have.

I use the emergency stop of 100 as Al says he uses. I don't ever see that being hit since we are trading 5m and 15m charts for the most part. I would agree if we are going by 1h and 4h charts since price may travel a lot farther before retrace. If there happens to be a catastrophe somewhere in the world and I get stopped out at 100 pips, that is a risk that I accept. Most of my winners are between 25-60 pips so it would only take 4 trades at the most to cancel out the loss.

As far as recovery draining me, it has the exact opposite effect actually. I enter every trade with the full expectation of it closing at BE at the very least.
  • #7,214
  • Edited 12:43pm Mar 26, 2012 12:37pm | Edited 12:43pm
Quoting Alorente
Thanks Dean. I agree with part of what you said. Still, the Extreme TMA system is based on precisely making pips on reversal. I am not sure if you are a trend follower because you did not specify what system you follow, but you sound like you may be one. Done correctly and with discipline, Recovery is a sound system. I agree that Hopium is very damaging to your trading career but I don´t see that this system has anything to do with that. Thanks for your post.
Hello Alfredo,

I think what Dean is referring to is the number of posts today that have used the word 'hope', or some variation of it. I have noticed that a lot since a few of the trades have gone into larger than normal draw down. Your trades are only down about 50 pips and look at how many people are worried. This tells me they are probably trading too large for Recovery. They could have to go multiple levels with multiple entries trending against them before they can exit. Even if it does not happen this time, it will eventually. And trying to fit what you think an indicator is telling you against actual price action is a losing battle. You have said many times that you have gone 3 levels into Recovery. That is over 300 pips. I just do not believe that most traders are prepared for that

I would like to know if anyone is trading this system successfully without Recovery? If so, what is your stop loss or money management technique? My problem with the Recovery method is not whether or not it works. It does. I have read Nanningbob extensively. If you have enough time and enough money, the market usually retraces. It is just a matter of your pain threshold. My problem is that if I make every trade small enough that I can withstand several levels of Recovery, then my winning trades are not large enough to justify that kind of risk. Initially, Recovery was an option. Now it seems no one is trading without it.

I am truly grateful to you and the many contributors on this thread. You have taught me a new way of visualizing the market that I have adapted to my style that is working very well. I am much more comfortable scalping the lower timeframes with reasonable stops.

It seems that most on this thread, including myself, would like a solid money management strategy, other than Recovery, to discuss.

I hope this does not sound in any way negative. I am a fan of the TMA system and I consider you to be a personal friend. I hope this is constructive.

Sincerely,

William
may you find what you seek and trade what you find
  • #7,215
  • Mar 26, 2012 12:45pm Mar 26, 2012 12:45pm
Quoting faxxion
Hello Alfredo,

I think what Dean is referring to is the number of posts today that have used the word 'hope', or some variation of it. I have noticed that a lot since a few of the trades have gone into larger than normal draw down. Your trades are only down about 50 pips and look at how many people are worried. This tells me they are probably trading too large for Recovery. They could have to go multiple levels with multiple entries trending against them before they can exit. Even if it does not happen this time, it will eventually. And trying...
I make my words what you just said.
  • #7,216
  • Mar 26, 2012 12:45pm Mar 26, 2012 12:45pm
Quoting Alorente
Thanks Dean. I agree with part of what you said. Still, the Extreme TMA system is based on precisely making pips on reversal. I am not sure if you are a trend follower because you did not specify what system you follow, but you sound like you may be one. Done correctly and with discipline, Recovery is a sound system. I agree that Hopium is very damaging to your trading career but I don´t see that this system has anything to do with that. Thanks for your post.
Dear Al.. your recovery system personify hopium, sorry to put it so blunt i am a straight forward guy.. some really slick super experience traders with mass accounts may be able to getaway with recovery kinds of systems but not for the average joe with little accounts and not much trading experience, the ones who has not got around their hope fear patience factor yet where most challenge to do so their whole career, if you were a instructor at Goldmen or etc, then its fine. in my opinion it's a major harm to bring it out in a normal forum.. but the overall success of your style massively depends on recovery unless you go on a 100% hit ratio all the time, so you had no choice but to introduce it and i see that.
ask for me, what i do is irrelevant.. but i tell anyways, if you call picking trades off the pullback on the 1 & 5m ft a trend following trader than i maybe so.. anything picked under 1hr in one way or another is a reversal.. but its actually taking reversals with little more indications than what i see in here which depends on recovery and agonies to deal with losers (detrimental and confidence killer for most if not all)..vs cutting the loser short and moving on to the next setup with clearer mind.. not bragging just that you ask i am replying.

thanks for your reply brother, not intending to pick argue by any means just friendly use of exchange.

regards,
Dean
  • #7,217
  • Mar 26, 2012 12:48pm Mar 26, 2012 12:48pm
Quoting imbonitore
who has a problem with the positions can be taken at the end of office hours 7-10 pips with greater lotd .... strategies of my friends (Brankica)

“5 Minute Silence Time”.
First of all I want to note that I’m not using Stochastics in my analysis and also my swing trades and I don’t like indicators at all but in this scalp method we are going to use this famous indicator as I had worked with stochastics almost 3years before. Method Profile:
1. EURUSD M5 Chart
2. Stochastic 14,3,3
3. 80 and 20 levels on the stochastics indicator
4....
When you say NY time, you mean gmt -4? You do not mean the NY market open right?
  • #7,218
  • Mar 26, 2012 1:02pm Mar 26, 2012 1:02pm
Quoting MMGood47
Au contraire mon frere. I appreciate your words and am sure you have more experience than I. But I would be remiss if I didn't let you know the feelings that I and most in this thread have.

I use the emergency stop of 100 as Al says he uses. I don't ever see that being hit since we are trading 5m and 15m charts for the most part. I would agree if we are going by 1h and 4h charts since price may travel a lot farther before retrace. If there happens to be a catastrophe somewhere in the world and I get stopped out at 100 pips, that is...
dear 47,
i give you a few to think about..
- your 3 to 1 underdog when you have to recover a 100pips sl hit with your tp mentioned.
- market goes through cycles.. best traders in the world go through cycles of losses, just imagine getting a few of 100 pips stops in row.. i can assure you it will happen.. it happen to Paulsen, bill gross etc,.. are you better than them!!.. trading is measured in the long run.
-to recover a 100 pips sl you'll need a minimum of 1:1RR your at 3:1 at best 2:1.. not easy.

Best of luck.
  • #7,219
  • Mar 26, 2012 1:03pm Mar 26, 2012 1:03pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Looks like room to go up another 100 pips on higher time frames so will wait.
Attached Image (click to enlarge)
Click to Enlarge Name: 2 15m eurusd.gif Size: 37 KB
Of all the things I've lost I miss my mind the most .
  • #7,220
  • Mar 26, 2012 1:05pm Mar 26, 2012 1:05pm
Quoting grechmar
When you say NY time, you mean gmt -4? You do not mean the NY market open right?
NY time After 3 pm (15:00)...You are right....I not mean NY market open
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