Extreme TMA System | Page 372 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Hennis Extreme TMA System 105 replies

TMA Reality Tour 116 replies

Happs with TMA Trading Journal 25 replies

MTF TMA 287 replies

SnakeForce - simple TMA with alert? 3 replies

Attachments: Extreme TMA System
Exit Attachments

Extreme TMA System

  • #7,421
  • Mar 27, 2012 12:19pm Mar 27, 2012 12:19pm
Quoting Surfnomad
Price has largely been contained between the M15 middle & lower band this morning, it can not stay there for ever so I am on the sidelines until a high probability trade develops.

Thank you for your insight Dr Dave

Robert
Robert,

You canīt get a higher probability trade than the M15, H1 and H4 upper bands all coinciding in the same spot, together with the upper channel wall that is descending since last August. This seems to me to be a short made in Heaven.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 90 KB
Observation is the path to discovery.
  • #7,422
  • Mar 27, 2012 12:23pm Mar 27, 2012 12:23pm
IMHO, eu looks strong enough to continue the up move further.. i see no sign of slowing down yet. its still looking strong in 1hr, strong in 4hr and breaking through in daily. test of 1.3480 top might be in store.

regards,
Dean
  • #7,423
  • Mar 27, 2012 12:35pm Mar 27, 2012 12:35pm
Alorente muchas gracias por un buen sistema, +68p 1M EURUSD and +138p 5M

http://savepic.net/2679110m.png
  • #7,424
  • Mar 27, 2012 12:39pm Mar 27, 2012 12:39pm
it seems that market take a rest?
Attached Image (click to enlarge)
Click to Enlarge Name: ee.PNG Size: 71 KB
  • #7,425
  • Mar 27, 2012 12:44pm Mar 27, 2012 12:44pm
Quoting Alorente
Robert,

You canīt get a higher probability trade than the M15, H1 and H4 upper bands all coinciding in the same spot, together with the upper channel wall that is descending since last August. This seems to me to be a short made in Heaven.

I definitely see that and agree however I focus more on short term trades on lower time frames and to me still seems like there's a bit of a battle going on. Thank you though for bringing to my attention this great set up.

Robert
  • #7,426
  • Mar 27, 2012 1:14pm Mar 27, 2012 1:14pm
Quoting Alorente
This is exactly how I see it. Let me ask you Dave, have you just started with MTF TMA or have you been doing this analysis for a while now? You seem to be really good at reading how the channels affect each other.
I was pointed to this thread only last week by a friend, so the last 2 weeks is my only exposure to this TMA system. As I read the first few pages, I set up some charts and immediately added multiple TMA indicators so that I could see 4 channels on one chart. It was not a big surprise when I saw how the various timeframes would cluster the bands before a good move. I am used to seeing the same behavior with MTF Donchian channels in S&P 500. (I haven't had time to add them yet to see if they can add any useful information to the system.)

As for multi-time frame analysis, that is another story. I started learning trading in 2005 by joining a group trading S&P 500 eminis. The foundation was trend trading, finding the chart that shows the TRADING trend, looking for the first chart that that is retracing, then focus on this retracement chart to enter on the trend continuation. Then you can follow every retracement on the next higher timeframe and repeat. I call this Intrinsic Market Timing because the multiple charts are setup so you see the built-in timing due to the chart relationships TELL you what to do.)

I won't go into the details of the specific timeframes to set up, because it takes some new thinking, plus would probably not be useful to the folks that are looking at 5 to 20 pairs at a time. LOL

Some day, Al, we’ll have a private discussion about the multi-chart setup.

By the way, I'm really only to page 180 of the thread. I jumped ahead to check on what's current. I'll get through the other 300 pages eventually.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #7,427
  • Mar 27, 2012 1:26pm Mar 27, 2012 1:26pm
Quoting DrDave
[color=black][font=Verdana]I was pointed to this thread only last week by a friend, so the last 2 weeks is my only exposure to this TMA system. As I read the first few pages, I set up some charts and immediately added multiple TMA indicators so that I could see 4 channels on one chart. It was not a big surprise when I saw how the various timeframes would cluster the bands before a good move. I am used to seeing the same behavior with MTF Donchian channels in S&P 500. (I haven't had time to add them yet to see if they can add any useful information...
Thanks a lot Dave. I take it you only trade the EURUSD? having 4 TMAs on many charts would grind a fast computer to a halt. My system is fast and with 6 GB of Ram, I have 10 charts open with 3 TMAs and a 4th on the EU pair.

Iīd like to look at your MTF Donchian channel setup when you get a chance. Iīm also looking forward to the conversation you mentioned. It seems we are able to visualize things similarly.
Observation is the path to discovery.
  • #7,428
  • Mar 27, 2012 1:43pm Mar 27, 2012 1:43pm
Quoting Favorite
About your short trade: I said it before and I repeat it again: with any system you can't trade M15 against H1's trend! Just CAN'T!
Hi Favorite,

Mybe YOU cannot trade M15 against H1 trend with any system that you have seen, but I've done it many times with great success. It is not ADVISED for most people to do it, but IT CAN BE DONE AND DONE SUCCESsFULLY.

The bigger the time frame that you base your trend, the better the results tend to be on trading the smaller chart counter-trend.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #7,429
  • Mar 27, 2012 2:02pm Mar 27, 2012 2:02pm
Quoting Alorente
Thanks a lot Dave. I take it you only trade the EURUSD? having 4 TMAs on many charts would grind a fast computer to a halt. My system is fast and with 6 GB of Ram, I have 10 charts open with 3 TMAs and a 4th on the EU pair.

Iīd like to look at your MTF Donchian channel setup when you get a chance. Iīm also looking forward to the conversation you mentioned. It seems we are able to visualize things similarly.
I have only a few charts open at a time, and concentrate on EURUSD. I like to also keep an
eye on GBPUSD. I don't have the 4 TMAs on all the charts, just a couple of selected ones. I also like to do the AUDJPY at times.

It would be best if I dig out some screen captures with the Donchian channels from an old drive, if they are still retrievable. I was using Fibonacci Trader, so it was a real setback when I went to Forex trading and found MT4 to be such a dog. I got NinjaTrader setup, and I can easily get the timeframes that I like to use. Unfortunately, new indicators like TMA take time before someone ports them to NinjaTrader. (I would do it myself, but I just can’t put it high enough on my priority list right now.)

I really liked the Donchian channels because they gave very good targets to hit, at least on the S&P 500 emini.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #7,430
  • Edited 3:40pm Mar 27, 2012 3:38pm | Edited 3:40pm
Hello,

After we have installed the voice alerts to the 'sounds' folder and turned the voice alert inside TMA 27 to 'true', is there anything else we must do?

I am still not getting an audio alert.

Thanks in advance.

William
may you find what you seek and trade what you find
  • #7,431
  • Mar 27, 2012 3:44pm Mar 27, 2012 3:44pm
Quoting faxxion
Hello,

After we have installed the voice alerts to the 'sounds' folder and turned the voice alert inside TMA 27 to 'true', is there anything else we must do?

I am still not getting an audio alert.

Thanks in advance.

William
Voice alerts have not been activated yet. There are still problems with the module that are being worked on.
Observation is the path to discovery.
  • #7,432
  • Mar 27, 2012 3:51pm Mar 27, 2012 3:51pm
Quoting Alorente
Voice alerts have not been activated yet. There are still problems with the module that are being worked on.
Alfredo,

Thank you for the quick response.

William
may you find what you seek and trade what you find
  • #7,433
  • Mar 27, 2012 4:06pm Mar 27, 2012 4:06pm
EU - 200 MA is providing initial support. Let's see what happens.
  • #7,434
  • Mar 27, 2012 4:22pm Mar 27, 2012 4:22pm
Quoting handy148
EU - 200 MA is providing initial support. Let's see what happens.
Price has touched WR2 in H4 tf, i have a sell stop few pips below the resistance....
  • #7,435
  • Mar 27, 2012 4:24pm Mar 27, 2012 4:24pm
we`re going for the good way.

http://i44.tinypic.com/23ueb1y.jpg

regards!
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #7,436
  • Mar 27, 2012 4:31pm Mar 27, 2012 4:31pm
Quoting handy148
EU - 200 MA is providing initial support. Let's see what happens.
M1 says MAYBE M5 is done going down. Need to get some more bars in for confirmation. If M5 breaks the bottom band on this current down move, it isn't stopped yet. If it stops at about the bottom band, look for the subsequent up move to break over the midline to signal it's trying to pull charts into an uptrend.
To free Gazans of Hamas, use whatever it takes.
  • #7,437
  • Mar 27, 2012 5:10pm Mar 27, 2012 5:10pm
Quoting Mr C
Click the mouse 2 times on line, so white dots will appear on line move it then.
Thanks Mr C and Al for answering my question. It is functioning as it should now.

Best regards.
  • #7,438
  • Mar 27, 2012 5:51pm Mar 27, 2012 5:51pm
A note from Steve Hopwood's thread:


Important......just got this from a coder i know...."Metaquotes (the publisher and developer of Metatrader 4) just released a new build, 418. Unfortunately, they decided to change the main logic behind Metatrader 4's programming language, without notifying any of the developers'................so be careful of any update especially 416 to 418..it just might cause you ea's and indicators to not work any more.
  • #7,439
  • Mar 27, 2012 7:23pm Mar 27, 2012 7:23pm
could give me instructions about the Tma slope its repainted

thanks
  • #7,440
  • Mar 27, 2012 7:43pm Mar 27, 2012 7:43pm
Quoting jucaorma
could give me instructions about the Tma slope its repainted

thanks
What kind of instructions do you need? All the rules for entering trades are on page1. If you have some kind of question about the slope repainting, there are a lot of posts about it. You need to read all of the pages in the thread, or at least do a search for it.

DrDave
To free Gazans of Hamas, use whatever it takes.
3 traders viewing now