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Extreme TMA System

  • #7,581
  • Mar 29, 2012 2:05am Mar 29, 2012 2:05am
I guess there will be a big move either in this session or us session..
  • #7,582
  • Mar 29, 2012 2:07am Mar 29, 2012 2:07am
We will see. I trade with small lot so it dosent bother me and if I lose then I will learn something But now every indictaor scream buy !
M15 ranging
H1 touching lower band and ranging
candle turn to blue and trix to green
Crossover histogram also show buy sign
And below is S3 zone where price bounced up already

This is Usd/jpy chart i must delete AUDUSD,M15 sign
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 40 KB
  • #7,583
  • Mar 29, 2012 2:10am Mar 29, 2012 2:10am
Guys you can beat a horse to death with a stick and pile indicator upon indicator. You cannot avoid a losing trade. If you meet all the rules 100% and GM decides to cash a check from the French Govt. from a sale made last year price aint goin in your direction. No amount of planning, changing rules, more indicator, adjust indicators, fundamental or news knowledge is going to change that market move. Forex is a place for business transactions. Traders are only a very very small part of Forex. Professional traders trade with billions of dollars but the market deals in Trillions. You take your best shot and see what happens. Most of the time it works, sometimes it does not. Some of your screens are starting to look like a jungle and I cant even see the price line on your screen. I trade 2MA lines and S/R indicator on my screen, that is it. There are professional traders who only trade with the 200MA and trendlines. Keep it simple or you are all going to go crazy. This is a nice method and it works I am trying to adapt it to a 4H chart. But dang at least keep enough clearance on your screen to see the price.
  • #7,584
  • Mar 29, 2012 2:13am Mar 29, 2012 2:13am
im long again in eurjpy...

i dont have hurry.

and my MM is excelent xDD

http://i41.tinypic.com/71hjbl.jpg
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #7,585
  • Mar 29, 2012 2:17am Mar 29, 2012 2:17am
That was helpful, i can see that with 3 ATR extreme band for 4H was much lower then with 2.5 ATR, thus made me make mistake. Thx
Quoting FocusedonFX
1 hour and 4 hour TMA bands are too tight. Set the ATR multiplier to 3 for both. Also, crucially, the 1 hour TMA value was sell only at -0.57, you ideally want this positive or ranging.
There are no right and wrong decisions......Only timely decisions
  • #7,586
  • Mar 29, 2012 2:17am Mar 29, 2012 2:17am
Quoting nanningbob
Guys you can beat a horse to death with a stick and pile indicator upon indicator. You cannot avoid a losing trade. If you meet all the rules 100% and GM decides to cash a check from the French Govt. from a sale made last year price aint goin in your direction. No amount of planning, changing rules, more indicator, adjust indicators, fundamental or news knowledge is going to change that market move. Forex is a place for business transactions. Traders are only a very very small part of Forex. Professional traders trade with billions of dollars but...
Hi Bob,

I quite agree about keeping it simple. My other style of trading is very easy on the indicators, so this was a bit of a shock to me when I started learning the Extreme TMA approach. My setup for this style is the default setting that comes with Extreme TMA, so I'm guessing it looks as it is supposed to, or do I have some parts turned on that I don't need?

I'm currently very glad that I didn't take the U/J trade with real money, as I would be out with a few negative pips by now. The price action thing that kept me out is just personal preference, but from what Al wrote, it seems as though it might come to play a bigger part than it currently does.

Interesting times!
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #7,587
  • Mar 29, 2012 2:26am Mar 29, 2012 2:26am
Quoting By_Tor2114
Hi Bob,

I quite agree about keeping it simple. My other style of trading is very easy on the indicators, so this was a bit of a shock to me when I started learning the Extreme TMA approach. My setup for this style is the default setting that comes with Extreme TMA, so I'm guessing it looks as it is supposed to, or do I have some parts turned on that I don't need?

I'm currently very glad that I didn't take the U/J trade with real money, as I would be out with a few negative pips by now. The price action thing that kept me out is just personal...
I am thinking of taking this base system to the 4H chart and taking long trades off of the TMA slope indicator with a MA line and Weekly pivots. I am testing it live now and so far so good. After a couple of weeks, I will know whether it is worth it or not. The part I am interested in is this is the first indicator I liked I could add trades too and compound. Anyway, nice system, wish I had time to scalp.
  • #7,588
  • Mar 29, 2012 2:31am Mar 29, 2012 2:31am
Quoting nanningbob
I am thinking of taking this base system to the 4H chart and taking long trades off of the TMA slope indicator with a MA line and Weekly pivots. I am testing it live now and so far so good. After a couple of weeks, I will know whether it is worth it or not. The part I am interested in is this is the first indicator I liked I could add trades too and compound. Anyway, nice system, wish I had time to scalp.
Do announce the results (If you want to, of course!). Innovation is the only thing that keeps us moving!

Bob, may I ask if you trade for a living, or do is this something you do along side other employment?
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #7,589
  • Mar 29, 2012 2:41am Mar 29, 2012 2:41am
Quoting By_Tor2114
Do announce the results (If you want to, of course!). Innovation is the only thing that keeps us moving!

Bob, may I ask if you trade for a living, or do is this something you do along side other employment?
I run and operate an International School in Nanning China. I would like to trade full time when we are done here with the school in China. What I am trying now is to take 1000 dollars and see if I can double it trading pennies. Then I want to see if I can take it to 50 or 100K in less than 5 years. At that time I will retire and live on my pensions, investments, SS and trading. That is the goal. I want to do this live here at FF and guys are watching. To show it can be done and the little guy can make it. So I report occasionally at my 10.0 thread.
  • #7,590
  • Mar 29, 2012 2:50am Mar 29, 2012 2:50am
i only can say....

buy!!!

http://i44.tinypic.com/2a98pbc.jpg
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #7,591
  • Mar 29, 2012 2:53am Mar 29, 2012 2:53am
Quoting By_Tor2114
Hi Al,

Thanks for the response. I look forward to the update. Having searched through the files that come with the original download, I can't seem to find info on how to read the current trix indicator. Is it somewhere else in the thread?
I will post this weekend my own instructions for the Trix indicator. The official THV signal instructions are not reliable.In general, fast trix (Thin Line) Green and above Slow trix for longs and fast trix (Thin Line) Red and below Slow trix for shorts, but the best use of trix is for divergence detection. I will post that with pictures so you know what to look for.
Observation is the path to discovery.
  • #7,592
  • Mar 29, 2012 2:56am Mar 29, 2012 2:56am
Quoting nanningbob
I run and operate an International School in Nanning China. I would like to trade full time when we are done here with the school in China. What I am trying now is to take 1000 dollars and see if I can double it trading pennies. Then I want to see if I can take it to 50 or 100K in less than 5 years. At that time I will retire and live on my pensions, investments, SS and trading. That is the goal. I want to do this live here at FF and guys are watching. To show it can be done and the little guy can make it. So I report occasionally at my 10.0 thread....
That's a fantastic goal. I've had many people tell me that you can't make a living as a forex trader, including someone that was a professional forex trader and did very well at it (Go figure!).

It was 7 years ago that I first came across forex trading and 5 years ago that I took a basic course on it. It's now my current objective to make a living from it.

Good luck to us all!
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #7,593
  • Mar 29, 2012 2:58am Mar 29, 2012 2:58am
Quoting ill_be_back
eurusd short at 1.33283
closed at 1.32801
now short gbpusd 1.58988
A good trader follows his rules, but great trader knows when to break them
  • #7,594
  • Mar 29, 2012 2:58am Mar 29, 2012 2:58am
Quoting Alorente
I will post this weekend my own instructions for the Trix indicator. The official THV signal instructions are not reliable.In general, fast trix (Thin Line) Green and above Slow trix for longs and fast trix (Thin Line) Red and below Slow trix for shorts, but the best use of trix is for divergence detection. I will post that with pictures so you know what to look for.
Thanks, Al! That sounds great. There are not many places online when truly informed traders are willing to help each other out, but FF has proved that it is possible.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #7,595
  • Mar 29, 2012 3:03am Mar 29, 2012 3:03am
Quoting By_Tor2114
Hi Al,

Thanks for the response. I look forward to the update. Having searched through the files that come with the original download, I can't seem to find info on how to read the current trix indicator. Is it somewhere else in the thread?

me too,.
i have downloaded the packet.zip in post1 and the size is 417 kb,.
and didn't find how to read trix indicator,.

thanks
  • #7,596
  • Mar 29, 2012 3:08am Mar 29, 2012 3:08am
Quoting ill_be_back
closed at 1.32801
now short gbpusd 1.58988
Why close short on eu and short gu straight after?
  • #7,597
  • Mar 29, 2012 3:23am Mar 29, 2012 3:23am
Quoting grechmar
Why close short on eu and short gu straight after?
eurusd adr 113 today's move 72 so i fiigured it will retrace before it moves south again
gbp adr 114 today's move 50 so it has room to go another 20 pip before retrace than south again
A good trader follows his rules, but great trader knows when to break them
  • #7,598
  • Mar 29, 2012 3:23am Mar 29, 2012 3:23am
Sell Euro at 1.3320, Rebounded from 200 sma on 15min, Anyone saw that ?
Where are your entries on EURO ?

Cheers
  • #7,599
  • Mar 29, 2012 3:24am Mar 29, 2012 3:24am
Dear Penet :

I am focus AUDUSD like you now, I saw your chart of AUDUSD M15,
there is a number 19% , on the top of chart, can I know what is that means ??

thank you ~

SCOTT
~~~~~~~~~
  • #7,600
  • Mar 29, 2012 3:27am Mar 29, 2012 3:27am
Quoting ill_be_back
closed at 1.32801
now short gbpusd 1.58988
my eu target 1.3259 or 1.3235
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